FTSE round up: Unilever boosts index as Easyjet sinks October 19, 2018 The FTSE 100 closed up 0.8 per cent for the week on after climbing to 7,051.41 today on the back of strong performances from consumer goods companies Reckitt Benckiser and Unilever. Unilever’s shares were up 3.11 per cent, reversing yesterday’s losses which followed it delivering a solid, but slightly underwhelming set of third quarter results. [...]
Reckitt Benckiser share price leads FTSE 100 as Mead Johnson acquisition pays off | City A.M. July 27, 2018 Consumer goods firm Reckitt Beckiser raised sales guidance this morning, as it unveiled unexpectedly strong performance in its recently acquired nutrition business. The firm received final approval for its acquisition of Mead Johnson, which makes infant formula brand Enfamil. But it has exceeded expectations in the year since then. The group was leading the FTSE [...]
FTSE closes lower amid investor fears over impending G7 summit in Canada June 8, 2018 The FTSE closed down today with investors in a cautious mood for most of the day ahead of a G7 meeting this weekend. It ended 0.3 per cent lower at 7,681.07 points. Markets fell as Donald Trump said Vladimir Putin should attend the summit in La Malbaie in Quebec, Canada. Russia was expelled from what [...]
Reckitt Benckiser shares down even as sales return to growth April 20, 2018 Reckitt Benckiser posted stronger numbers following a flat 2017 and said it is on track for solid revenue growth this year. Strong growth for brands including Durex, Harpic and Finish helped to offset the sluggishness of Scholl and the aftermath of a public health scandal in Korea. Shares int he company were down over five [...]
UK mergers and acquisitions hit a new record last year as companies defend themselves from foreign takeovers January 9, 2018 The number of merger and acquisition (M&A) deals in the UK hit a record high last year, despite growing dissatisfaction from the business community with the pace and vagueness of the Brexit negotiations. The number of deals where a UK company was the target escalated to 1,543 in 2017 from 1,493 the year before, according [...]
Revealed: The seven best-value stocks to watch in 2018, according to Canaccord Genuity January 9, 2018 Despite a rocky 2017 which saw a number of lawsuits come to a head, Lloyds Banking Group has been named one of the most promising stocks to watch this year by Canaccord Genuity Wealth Management. Based on the value of the stocks at the moment and their potential to generate strong returns over the next [...]
Morgan Stanley swoops to steal the crown from Goldman Sachs advising on announced M&A deals worth $136bn last year January 3, 2018 Morgan Stanley won the UK title for advising on the biggest share of mergers and acquisitions (M&A) announced last year, grabbing the crown fromGoldman Sachs. Morgan Stanley worked on deals involving a UK party worth a massive $136bn (£101bn), climbing from seventh place in 2016 and stealing an impressive 36 per cent market share, according [...]
Compass CEO Richard Cousins and family killed in plane crash: The City pays tribute January 2, 2018 Tributes have been paid to the FTSE 100 chief executive who was killed alongside his family in a New Year’s Eve plane crash. Richard Cousins, 58, the outgoing CEO of the world’s largest catering firm, Compass Group, died in a seaplane crash near Sydney Harbour on 31 December 2017. Also killed were Cousins’s two sons [...]
UK businesses have slashed their cyber security budgets by a third October 18, 2017 Businesses in the UK have cut the amount of cash they are spending on cyber security despite the growing threat of attacks. Budgets for security are a third of what they were this time last year, down to £3.9m on average, compared to £6.2m according to research from PwC. The cost of attacks has fallen, [...]
Which UK stock market sectors have performed best over two decades? May 19, 2017 When the stock market rises and falls the sectors within it can move very differently, especially in the short-term. Perhaps the best example was the dotcom boom and bust, when technology shares soared in 1999 and then spectacularly crashed in the three years that followed. A balanced and carefully managed portfolio can ease the impact [...]