UPDATE: Arby's Explores Licensing Products For Retail Sale
11th Jun 2010 17:51
(Includes additional information, beginning in paragraph six.) By Paul Ziobro Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Arby's may soon be selling sauces, salads, lunch meats and other packaged products in supermarket aisles. Arby's, the struggling sandwich chain owned by Wendy's/
Read moreUPDATE: Hindustan Unilever To Buy Back Shares At Up To INR280 Each
11th Jun 2010 13:23
(Adds company comments, details on premium and previous buyback) By Shikhar Balwani & Satish Sarangarajan Of DOW JONES NEWSWIRES MUMBAI (Dow Jones)--India's largest consumer products maker by sales Hindustan Unilever Ltd. (500696.BY) said Friday it will buy back shares in the open mark
Read moreHindustan Unilever: To Buyback Shares At Maximum INR280 Each
11th Jun 2010 12:14
MUMBAI (Dow Jones)--Hindustan Unilever Ltd. (500696.BY) said Friday it will buy back shares from the open market at up to INR280 apiece. The company will spend up to INR6.30 billion for the buyback, it said in a note to the National Stock Exchange. Hindustan Unilever is the Indian unit of An
Read moreLondon close: Footsie climbs after updates
29th Apr 2010 16:49
Investors were busy digesting a stream of company updates today and, seeing more good news than bad, sent the FTSE 100 into the blue. Pay TV and Internet service provider British Sky Broadcasting (BSkyB) was a top performer. Not only did it see subscriber numbers improve by a better than expected 6
Read moreLondon afternoon: BP left behind
29th Apr 2010 15:07
Footsie is trading close to its high for the day despite heavily weighted index constituent BP coming under the cosh after it said the oil leak in the Gulf of Mexico is much worse than initially thought. BP's chief operating officer Doug Suttles has admitted that the amount of oil leaking from the
Read moreBroker tips: Glaxo, Standard Life, Unilever
29th Apr 2010 12:35
Citigroup, UBS and Panmure Gordon remain buyers of GlaxoSmithKline (GSK) following the drug giant's first quarter numbers yesterday. Sales growth excluding the boost from swine-flu related drugs was 4%, two percentage points ahead of consensus, Citi said. The broker, which keeps its 'buy' rating a
Read moreLondon midday: London on a Sky high
29th Apr 2010 12:14
Traders are too busy digesting a full schedule of corporate announcements to worry about sovereign debt issues, as the Footsie makes another attempt at clawing back some of the heavy losses sustained on Monday. Pay TV and Internet service provider British Sky Broadcasting (BSkyB) is the top perform
Read moreBroker snap: Unilever makes good start to tough year
29th Apr 2010 12:08
Results from consumer goods leviathan Unilever were better than expected but Charles Stanley thinks the scope for earnings upgrades is limited in view of expectations that trading conditions will get tougher as the year progresses. "Commodity costs will increase over H2 2010 [second half of 2010],
Read moreLondon open: Footsie shrugs off eurozone woes
29th Apr 2010 08:48
London has made a steady start after markets abroad rallied overnight after the latest instalment of the Greek tragedy added a shock new character in Spain yesterday. Investors attention is also being diverted by a stack of company announcements this morning. Pay TV and Internet service provider B
Read moreLondon pre-open: Early rise ahead
29th Apr 2010 07:37
London's top stocks are expected to open higher as investors mull a number of company statements out this morning. Pay TV and Internet service provider British Sky Broadcasting (BSkyB) saw subscriber numbers improve by a better than expected 62,000 in the first three months of 2010, with average re
Read moreStrong growth in emerging markets for Unilever
29th Apr 2010 07:09
Volume growth at Anglo-Dutch household products giant Unilever came in ahead of market expectations in the first quarter of 2010, with the company boasting of strong momentum across all geographic regions. Underlying volumes growth was 7.6%, versus market expectations of 5.4%. Turnover in the firs
Read moreThursday preview: Astra, BG, Unilever
28th Apr 2010 18:27
Barring another sovereign debt ratings downgrade from Standard & Poor's on Thursday the headlines are likely to be hogged by results from AstraZeneca, BG Group, British Sky Broadcasting, Shire, Unilever and Whitbread. First quarter results from Anglo-Swedish drugs giant Astra will be out at 11:00
Read moreUnilever to sell Italian business
26th Apr 2010 17:50
Unilever, the household goods giant responsible for Pot Noodle and Lynx aftershave, confirmed that it is looking for a buyer for Findus, its Italian frozen foods business. "As frozen foods is no longer a core product area for Unilever in Europe, we must reconsider its (Findus) future," said James H
Read moreLondon close: Greek problems resurface
22nd Apr 2010 16:45
Worries about Greece's debt situation knocked global markets and kept Footsie in the red at the close. Greece's financial situation came under scrutiny again after the statistics agency Eurostat warned the country's 2009 budget deficit was 13.6%, more that the 12.7% previously estimated, and warned
Read moreLondon afternoon: No help from US
22nd Apr 2010 14:59
Footsie is not being helped by the US, which has started deep in the red, as worries about Greece's debt situation knocks global markets. Greece's financial situation is under scrutiny again after the statistics agency Eurostat warned the country's 2009 budget deficit was 13.6%, more that the 12.7
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