Homeward bound HSBC, City Hall race and oil glut make a busy 2016 January 7, 2016 Forecasting events in the City is frequently a fool’s errand but one thing’s clear from the first week of 2016: it is going to be a tough year for much of corporate Britain. Here’s where I think most of the action will be. 1. Among the first big decisions of the year will be delivered when [...]
Nurofen advertising being investigated by Advertising Standards Authority over claims in Nurofen Express advert December 15, 2015 The Advertising Standards Authority (ASA) confirmed yesterday that they are investigating advertising for Nurofen, which is owned by Reckitt Benckiser, on the grounds some claims could have misled consumers. The UK's advertising watchdog has said it is following up on 12 complaints about a television advert for Nurofen Express, examining whether the advert was misleading because it implied the [...]
Uber’s $62.5bn valuation means it’s worth more than BT, Prudential and Barclays – and 86 other FTSE 100 constituents December 4, 2015 Uber is reported to have filed paperwork outlining plans to raise as much as $2.1bn (£1.4bn) in its latest funding round. Were the company to complete that funding round (and according to the Bloomberg report, the wheels are very much in motion for that to happen – with Tiger Global Management and T Rowe Price both [...]
Best of the Brokers for 23 October 2015 October 23, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com RECKITT BENCKISER The Dettol and Strepsils producer beat consensus estimates in its sales over the three months to September as they rose seven per cent. Analysts at Canaccord Genuity lifted their target price to 5,825p from 5,470p but maintained their “hold” rating. [...]
Reckitt Benckiser share price climbs 2.5 per cent as Nurofen owner posts hike in sales October 21, 2015 Shares in Reckitt Benckiser climbed higher today after the Nurofen and Strepsil owner posted better-than-expected third-quarter sales and boosted its full-year guidance. The FTSE 100 company, which owns everything from Finish dishwasher tablets to Durex condoms, said like-for-like sales rose by seven per cent in the third quarter, beating analyst expectations of around 5.2 per [...]
EU migrant crisis: Visa Europe donates £1m to child refugee crisis appeal as Save the Children thanks business donations September 17, 2015 Visa Europe has donated £1m to the appeal which is raising money to help child refugees in Europe as the situation reaches crisis point. The financial services company has dug deep to donate to Save the Children's Child Refugee Crisis Appeal, saying the situation needed an exceptional response. “Visa Europe has a longstanding track record of [...]
Indivior results give shares a shot in the arm May 5, 2015 SHARES in drug firm Indivior leapt 8.5 per cent yesterday on news of a smaller-than-expected profit slide and clinical trial success for its new schizophrenia treatment drug. The quarterly results were the company’s first as a standalone entity, after it was spun off from Reckitt Benckiser late last year. Chief executive Shaun Thaxter told City [...]
Reckitt Benckiser beats expectations thanks to bumper sales of healthcare brands April 24, 2015 The figures Consumer goods giant Reckitt Benckiser (RB) has reported a five per cent rise in like-for-like sales, which hit £2.2bn during the first quarter. Health and hygiene enjoyed strong growth, with net revenue rising by 32 per cent and 42 per cent respectively in those categories. Why it's interesting A bad flu season (bad [...]
Hollywood’s highest paid star Leonardo DiCaprio earns three times average FTSE 100 boss (but no one can touch Martin Sorrell) March 26, 2015 Hollywood's highest paid stars earn up to three times more than the average FTSE 100 chief executive, proving that pursuing a career in the arts isn't always financially foolhardy if you can claw your way to the top. Research from trade magazine The Hollywood Reporter reveals that Hollywood's biggest stars' salaries are once again reaching [...]
Reckitt Benckiser to slash costs ahead of a difficult year February 11, 2015 Reckitt Benckiser has embarked on a major cost saving drive after the maker of Durex condoms and Dettol cleaning products beat market expectations with a four per cent jump in full-year sales. Chief executive Rakesh Kapoor said the efficiency plan, dubbed Project Supercharge, aims to deliver up to £150m in savings a year by 2017 [...]