Unilever shares dive on profit warning - UPDATE
1st Oct 2013 12:14
Consumer goods giant Unilever issued a profit warning after-hours on Monday, sending shares plummeting the following morning. The group, which owns brands such as Dove and Persil, revealed that it has experienced weakening in the market growth of many emerging countries during the third quarter an
Read moreLondon midday: Stocks slip on US budget impasse
1st Oct 2013 11:49
UK markets declined on Tuesday for the third straight day as the first partial government shutdown in Washington in 17 years prompted a reduction in risk appetite. The benchmark FTSE 100 index in London was extending losses after closing at a one-month low the day before of 6,562.22, its worst leve
Read moreBroker tips: Unilever, Wolseley, African Minerals
1st Oct 2013 11:49
Nomura has retained its 'buy' rating for consumer products giant Unilever but has cut its estimates following a sharp slowdown in growth in the third quarter. "The medium-term story of improving margins, better cash generation and a more effective sales organisation remain in place. However, consum
Read moreBroker snap: Nomura cuts Unilever forecasts after EM slowdown
1st Oct 2013 11:45
Nomura has retained its 'buy' rating for consumer products giant Unilever but has cut its estimates following a sharp slowdown in growth in the third quarter. A surprise trading update after the close on Monday night revealed guidance for 3-3.5% group organic growth in the third quarter as emerging
Read moreLondon open: Markets flat as investors digest US shutdown
1st Oct 2013 08:31
UK markets opened broadly flat on Tuesday after the failure by US politicians to agree on a budget prompted the first partial government shutdown in Washington in 17 years. The Senate last night voted down a House of Representatives-passed bill that had called for a one-year delay in President Bara
Read moreUnilever saw weak trading in quarter three, improvement expected
30th Sep 2013 18:57
In a statement issued after the close of trading, on Monday, consumer goods giant Unilever revealed that it has been witnessing weakening in the market growth of many emerging countries in quarter three. The company will tell attendees at investor conferences hosted by Sanford Bernstein and Bank of
Read moreFriday broker round-up UPDATE
27th Sep 2013 08:48
Admiral Group: Berenberg ups target price from 1060p to 1080p, but still recommends selling. Amlin: Berenberg reduces target price from 422p to 398p and downgrades to sell. Atkins (WS): JP Morgan increases target price from 1298p to 1348p and maintains an overweight rating. AZ Electronic Material
Read moreLondon close: Investors take profits ahead of Fed decision
17th Sep 2013 17:01
Stocks extended losses by the end of trade on Tuesday as investors trimmed positions ahead of the much-anticipated Federal Reserve policy meeting tomorrow. Weighing on markets were heavy falls in the banking sector, with Lloyds sinking after the government placed a 6% stake at a 3.1% discount to ye
Read moreLondon close: Stocks jump to four-week high as Syria concerns ease
10th Sep 2013 16:40
The FTSE 100 jumped to a four-week high on Tuesday as investors' fears of an impending US military strike on Syria eased and the economic outlook for China improved. London's benchmark index finished 53.25 points higher at 6,583.99, a gain of 0.82%; the last time it closed higher was on August 14th
Read moreLondon midday: FTSE 100 nears one-month high
10th Sep 2013 11:39
Receding fears about a potential US military strike on Syria and decent data from China lifted UK stocks on Thursday morning, with the FTSE 100 rising to levels not seen in nearly a month. London's benchmark index was up 0.8% at 6,581.91 by midday; the last time it closed higher was on August 14th
Read moreLondon open: Stocks rise on Syria developments, China data
10th Sep 2013 08:39
Stocks jumped strongly on Tuesday morning following a decent finish on Wall Street the night before on the back of easing concerns about a potential US strike on Syria. US benchmarks rose by an average 1% on Monday after Russian Foreign Minister Sergei Lavrov urged Syria to place any chemical weapo
Read moreTuesday broker round-up UPDATE
10th Sep 2013 08:17
African Barrick Gold: Investec shifts target price from 135p to 137p, while downgrading from hold to sell. Aquarius Platinum: JP Morgan moves target price from 39p to 49p, while downgrading from neutral to underweight. Citi lowers target price from 66p to 54p and downgrades from buy to neutral. As
Read moreUnilever prices 750m dollar bond on US market
4th Sep 2013 07:32
Food, Home and Personal Care products supplier Unilever on Wednesday announced that the previous day it had priced a 750m dollar bond on the US market, and said it was planning to use the proceeds for general corporate purposes. The bond consisted of 2.2% fixed rate notes due March 6th 2019. The o
Read moreMorgan Sindall CEO sells 500,000 shares
9th Aug 2013 15:42
The founder and Chief Executive Officer (CEO) of Morgan Sindall has trimmed his stake in the construction and regeneration company to under a tenth over three millions pounds-worth of shares. John Morgan sold 500,000 shares (equal to a 1.16% holding) at a price of 665p each for a total of £3.3m, ta
Read moreLondon close: Stocks fall for fourth straight day
7th Aug 2013 17:00
The FTSE 100 finished in the red for the fourth straight day on Wednesday as worries over a withdrawal of stimulus in the US and an underwhelming statement from the Bank of England (BoE) dampened sentiment. Comments from a number of Federal Reserve officials and the ongoing improvement in US econom
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