London close: FTSE 100 treads water at eight-month high
21st Jan 2014 16:38
- FTSE 100 fails to break 2013 intraday high - Credit squeeze eases in China - IMF lifts global growth forecasts techMARK 2,846.40 -0.25% FTSE 100 6,834.26 -0.04% FTSE 250 16,144.20 -0.51% After a choppy session, UK markets finished broadly flat on Tuesday as the FTSE 100 teetered at levels not re
Read moreFTSE 100 movers: Intertek jumps on readacross from SGS
21st Jan 2014 15:09
Intertek, a provider of testing and safety solutions, jumped as a result of readacross from its sector peer, Swiss firm SGS, which posted upbeat full-year results. Consumer products group Unilever was also high riser today after reporting underlying sales growth of 4.3% for 2013, helped by strong
Read moreLondon midday: Markets edge higher but rangebound
21st Jan 2014 11:22
- Unilever rises after annual results - Miners fall as Goldman adjusts metal price forecasts - Credit squeeze eases in China - German ZEW survey weakens techMARK 2,854.01 +0.01% FTSE 100 6,844.27 +0.11% FTSE 250 16,191.74 -0.22% It was another subdued morning in London with the FTSE 100 trading wi
Read moreLondon open: FTSE 100 closing in on record high after positive start
21st Jan 2014 08:37
- FTSE 100 surpasses last year's closing high - Chinese central bank eases cash squeeze - Unilever impresses with 2013 results - Miners fall as Goldman adjusts metal price forecasts techMARK 2,861.62 +0.28% FTSE 100 6,846.21 +0.14% FTSE 250 16,240.35 +0.08% UK markets were closing in on their all-
Read moreLondon pre-open: FTSE 100 to build on recent gains
21st Jan 2014 07:31
Markets are expected to open slightly higher on Tuesday morning, building on gains made yesterday when the FTSE 100 hit a fresh eight-month high. It was a rather lacklustre session for financial markets across Europe on Monday given that Wall Street was closed for Martin Luther King Jr. Day. Today,
Read moreUnilever's annual turnover falls as growth slows in emerging markets
21st Jan 2014 07:04
- Turnover falls three per cent - Underlying sales rise 4.3 per cent - Margins, profits and earnings increase Consumer goods giant Unilever reported a three per cent fall in annual turnover to 49.8bn euros as growth continued to slow in emerging markets. The company said emerging markets, includi
Read moreTuesday preview: Unilever and Cussons report, IMF updates world outlook
20th Jan 2014 15:34
Unilever is expected to report its slowest sales growth for three years on Tuesday, reflecting weak demand and weakening currencies in emerging markets including Brazil, India, Russia and Indonesia. The consumer goods giant issued a profit warning in September ahead of its final results tomorrow. A
Read moreFriday broker round-up UPDATE
17th Jan 2014 10:05
Aberdeen Asset Management: JP Morgan cuts target price from 544p to 529p, while its overweight rating remains unchanged. Canaccord Genuity reduces target price from 586p to 540p and reiterates a buy recommendation. UBS lowers target price from 540p to 520p and keeps a buy recommendation. Ashtead Gr
Read moreWednesday broker round-up UPDATE
15th Jan 2014 08:42
African Barrick Gold: Liberum Capital downgrades to sell with a target price of 147p. Deutsche Bank lowers target price from 190p to 180p, while maintaining a hold recommendation. African Minerals: Deutsche Bank shifts target price from 410p to 414p and maintains a buy recommendation. Amlin: JP Mo
Read moreWPP buys Unilever media services firm in Philippines
20th Dec 2013 07:08
Advertising and media giant WPP is set to snap up the business and assets of Media Arts System and Services Company (MASSCOM), a Philippines-based media agency that works closely with Unilever. Founded in 1986, MASSCOM was set up to serve consumer good group Unilever exclusively in the Philippines.
Read moreLondonMetric sells Unilever HQ to Malaysian investors
17th Dec 2013 07:25
FTSE 250 retail investment trust LondonMetric has sold Unilever's head office for 75.8m pounds to Malaysian Shariah-compliant investment group. The sale generated a £15.65m profit for a property purchased in June 2012, which represented a net initial yield of 5.9%, an ungeared total return of 16.1
Read moreLondon close: Resource-heavy FTSE 100 falls as metals' prices slump
2nd Dec 2013 16:43
- Taper speculation picks up ahead of non-farm payrolls - Global manufacturing figures beat forecasts - Miners sold off as metal prices fall - Supermarkets hit by competition fears techMARK 2,653.70 -0.76% FTSE 100 6,595.33 -0.83% FTSE 250 15,334.75 -0.85% London's FTSE 100 finished with moderate
Read moreUnilever Chief sees emerging market slowdown lasting a few years
2nd Dec 2013 13:19
Unilever Chief Executive Officer Paul Polman said the economic slowdown in emerging markets is here to stay as many countries need to enact structural reforms to adjust to new conditions after the boom of recent years, according to Bloomberg. "They are still relatively stronger economies, but stil
Read moreLondon midday: Markets fall, shrug off upbeat manufacturing data
2nd Dec 2013 11:24
- Markets lower ahead of data-heavy week - Non-farm payrolls, taper in focus - Investors shrug off positive manufacturing figures this morning - Broker downgrades hit Tesco, Aberdeen, Debenhams techMARK 2,659.11 -0.55% FTSE 100 6,610.41 -0.60% FTSE 250 15,380.56 -0.56% Markets in the UK and across
Read moreMonday broker round-up UPDATE
2nd Dec 2013 08:22
Aberdeen Asset Management: Credit Suisse raises target price from 465p to 515p and maintains a neutral rating. Admiral Group: Citi moves target price from 1215p to 1220p and retains a neutral rating. AVEVA Group: Numis upgrades to buy with a target price of 2980p. AZ Electronic Materials: Deutsch
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