Unilever boosted by emerging markets in third quarter
25th Oct 2012 07:30
Unilever, the consumer products firm behind brands such as Flora, Marmite and Persil, saw underlying sales growth beat expectations in the third quarter, helped by a strong performance in the emerging markets. Turonver increased to €13.4bn during the period, up by 10.3% on the €12.1bn registered in
Read moreThursday preview: AstraZeneca investors looking for reassurance
24th Oct 2012 16:10
Third-quarter earnings season has got into full swing for UK-listed blue chips with pharmaceuticals giants AstraZeneca and Shire due to report on Thursday, along with consumer product titan Unilever. AstraZeneca will update the market on trading on the three months to the end of September, "traditi
Read moreLondon close: Disappointing earnings and growth concerns spark sell-off
23rd Oct 2012 16:41
- 'Risk is officially off', says analyst - Corporate earnings and growth worries sink stocks - Miners drop, while ARM and Experian gain A sell-off on Wall Street and concerns about the Eurozone saw markets across Europe take a hammering on Tuesday, with mining stocks dragging the Footsie lower in L
Read moreFTSE 100 movers: Miners tank; ARM and Experian gain
23rd Oct 2012 14:34
ARM Holdings and Experian were doing their best lift the FTSE 100 on Tuesday, but it was the miners were pulling the blue-chip index into the red with growth concerns fuelling a move away from 'risk'. Kazakhmys, ENRC, Antofagasta, Anglo American and Rio Tinto were all trading firmly lower this afte
Read moreLondon midday: Miners drag the Footsie lower
23rd Oct 2012 11:41
- Miners dominate fallers on FTSE 100 - ARM and Experian lead the upside - Markets look ahead to FOMC Mining stocks were providing a drag on the Footsie on Tuesday morning as concerns over the global economy spurred a move away from risk; meanwhile, markets remained cautious ahead of a two-day poli
Read moreTuesday broker round-up
23rd Oct 2012 09:23
Aggreko: UBS cuts target from 2,750p to 2,550p, buy rating kept. ARM Holdings: Investec keeps buy rating and 800p target. Avacta: Panmure Gordon keeps buy rating and 1.75p target. AZ Electronic: Canaccord Genuity ups target from 360p to 376p, buy rating kept. Babcock: JPMorgan Cazenove ups targe
Read moreLondon open: Whitbread and the miners provide a drag early on
23rd Oct 2012 08:44
- Corporate earnings in the spotlight - Spain weighs on sentiment as Moody's downgrades five regions - Whitbread disappoints, ARM in demand The FTSE 100 index fell in early trading on Tuesday with growth-sensitive stocks out of favour as investors remain cautious about the Eurozone and ahead of som
Read moreLondon close: Late rally fizzles
18th Sep 2012 16:50
A late rally which briefly looked like it might see Footsie venture into positive territory for the first time all day was nipped in the bud right at the death. Equities had a dull but fretful day, which started with concerns over China becoming involved in a trade war with the US and a military wa
Read moreFTSE 100 movers: Aviva falls on downgrade
18th Sep 2012 14:39
Broker downgrades put insurance titan Aviva on the skids, pushing the stock's dividend yield beyond seven per cent; BofA Merrill Lynch has downgraded Aviva to 'underperform', although the target price has been raised to 360p from 330p, while Deutsche bank has moved to a 'hold' recommendation and edg
Read moreLondon midday: Stocks pare losses after in-line macro data
18th Sep 2012 12:06
Inflation data was in line with forecasts while the Spanish debt auction went as well as could be expected, prompting London equities to claw back some of the losses seen in early trading The Consumer Prices Index (CPI) measure of inflation dropped to 2.5% in August, down from 2.6% in July, helped
Read moreLondon close: South African miners rally, even as QE3 is stifled
17th Sep 2012 17:04
Footsie finished the day below 5900, having traded in a narrow range spanning from 5,883 to 5,916, as worries about Chinese growth weighed on investors' minds. Last week London enjoyed a good run on the back of apparent enthusiasm of central banks worldwide to give the global economy a leg-up, but
Read moreFTSE 100 movers: Reckitt rises on CFO appointment
17th Sep 2012 14:19
Reckitt Benckiser, the Anglo-Dutch household goods firm behind the Cillit Bang brand, rose after it nabbed Adrian Hennah from medical technology business Smith & Nephew to be its new Chief Financial Officer. Hennah will get his feet under his new desk in 2013. The company´s share price is also on th
Read moreLondon midday: China worries weigh
17th Sep 2012 11:47
China is weighing on UK investors' minds as speculation mounts that the Chinese authorities might not spring into action to juice up the world's second largest economy as quickly as previously thought. Adding weight to that view is the decision by economists at Citigroup to cut their forecast for
Read moreTuesday newspaper round-up: Unilever, Small businesses, Lonmin
28th Aug 2012 06:51
Unilever, the company behind Persil, PG Tips and Flora said it will apply lessons from its Asian business as consumers change their shopping habits amid a financial crisis that has left Greece mired in recession for the past five years and Spain with the highest unemployment rate in the industrialis
Read moreUnilever taps US bonds market
31st Jul 2012 08:01
Anglo-Dutch household goods and foods giant Unilever is to tap the US bond market through two short-term fixed rate note issues. The PG tips group has priced a double-tranche $1.0bn (circa €0.8bn) bond on the US market: $450m 0.45% Fixed Rate Notes due 30th July 2015, and $550m 0.85% Fixed Rate Not
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