Full List Of Stories
Wednesday newspaper round-up: Reckitt, Tesla, Virgin Atlantic...
Reckitt is under pressure from top shareholders to revisit a sale of its nutrition business, following litigation and a series of other setbacks at the division that have sent the company’s share price to decade lows. The FTSE 100 consumer giant acquired the Mead Johnson infant formula business in 2017 for $17bn — its largest-ever acquisition — and it has been plagued by mishaps ever since. Meanwhile, the wider group, which makes Lysol detergent and Durex condoms, has underwhelmed investors as it struggles to build back sales volumes following a period of high inflation and suppressed consumer demand.
Tuesday newspaper round-up: Kamala Harris, Crowdstrike, Vivendi...
Kamala Harris has secured enough delegates from her party to clinch the Democratic presidential nomination, as she pledged to offer Americans a “brighter future” compared to the “chaos, fear and hate” proposed by Donald Trump. The US vice-president was speaking in Wilmington, Delaware, on Monday, the first full day since President Joe Biden dropped his re-election bid and endorsed her for the Democratic presidential nomination, shaking up the 2024 race for the White House.
Monday newspaper round-up: Biden, gambling levy, UK economy...
Kamala Harris, the vice-president, has emerged as the frontrunner to replace President Biden as the Democratic nominee for the election against Donald Trump in November. Biden, 81, announced yesterday afternoon that he would drop out of the race. In the hours that followed, Harris, 59, was endorsed by leading Democrats, prospective rivals and the chairs of all 50 state parties. – The Times.
Broker tips: Idox, Anglo American
Analysts at Berenberg initiated coverage on software specialist Idox with a 'buy' rating and 81. 0p target price on Thursday, citing an attractive geo-spatial opportunity.
Broker tips: Ashtead, Experian
JPMorgan Cazenove said on Monday that Experian was its top pick in the European business services sector, along with Bureau Veritas, both of which it rates at ‘overweight’.
Sunday share tips: Ashtead and Sigmaroc
Ashtead is a "steady bet", according to The Sunday Times' Lucy Tobin, who recommends investors to buy shares in the UK-listed international equipment rental company.
Sunday newspaper round-up: Amazon, Boeing, McDonald's...
Multifaceted tech giant Amazon is about to unveil a major investment in one of Britain's biggest wind farms. The company is aiming to power its entire UK operation – from sales warehouses to film studios to cloud computing – using renewable energy by next year. The Mail on Sunday understands that Amazon, which employs about 75,000 people in Britain, plans to later this month announce a deal to buy electricity from the Moray West offshore wind farm. – Mail on Sunday.
Sunday share tips: Rightmove and Chapel Down
The Times' tipster Lucy Tobin recommends investors take a look at housing marketplace Rightmove, playing down fears of competition after US group CoStar took over rival OnTheMarket. com in October.
Sunday newspaper round-up: Gaza, Ryanair, Pearson...
Lord Cameron has joined forces with his German counterpart to call for a “sustainable ceasefire” in the Middle East and warn that “too many civilians have been killed” in the Hamas-Israel conflict. In a marked change of tone by the government which piles pressure on the Israeli government to end the bloodshed, the foreign secretary has united with Annalena Baerbock, the German foreign minister, to demand “a sustainable ceasefire, leading to a sustainable peace”.
Sunday share tips: Nichols and Gattaca
The Times’ Lucy Tobin has said that investors should consider investing in AIM-listed soft drinks group Nichols, on the back of its emerging-markets potential.
Sunday newspaper round-up: Indian stocks, Flutter Entertainment, Rishi Sunak
India’s stock market is poised to take Hong Kong’s spot among the world’s largest trading venues, in a rise analysts say attests to investors’ optimism about the economic prospects of the world’s most populous country. The total market capitalisation of companies listed on the National Stock Exchange of India was $3. 7tn as of the end of October, according to the World Federation of Exchanges, a trade association of publicly regulated stock markets, compared with the Stock Exchange of Hong Kong’s $3.
Broker tips: Sage, Cranswick, BAE Systems
Bank of America has lifted its target price for business software group Sage, saying the company is "ticking all the boxes" with its solid top-line growth, margin expansion and a new share buyback.
Rolls Royce announces layoffs, Moneysupermarket.com sees growth pick up
London open The FTSE 100 was being called to start the day unchanged from 7,630.
Beazley CFO announces exit
Beazley announced on Thursday that its chief financial officer Sally Lake is to leave the company next year, just two weeks after the company delivered an impressive set of results for the first half.
London midday: Mining, oil and banking stocks provide a boost
UK stocks bounced back on Wednesday, with the heavyweight mining, oil and banking sectors providing a lift despite ongoing concerns about recent Chinese economic data.
Broker tips: CLS Holdings, TP Icap
Investors had a negative reaction to CLS Holdings’ half-year results on Wednesday, but that didn’t stop broker Berenberg keeping its ‘buy’ rating on the stock.
Shore Capital sees further upside at TC ICAP after 1H beat
Shore Capital has reiterated its ‘buy’ stance on TP ICAP after the liquidity and data solutions specialist delivered a forecast-beating set of half-year results on Wednesday.
London open: Banks, miners lead the rebound early on
Mining and banking stocks led the UK’s benchmark equity index higher on Wednesday morning, rebounding after losses the previous session, despite economic data from China continuing to paint a dreary picture for the world’s second-largest economy.
Housebuilder Bellway to cut jobs as mortgage rates bite
UK housebuilder Bellway on Wednesday delivered a pessimistic outlook on near-term trading, blaming current “challenging” market conditions on the recent surge in mortgage rates and the end of the Help-to-Buy scheme.
London pre-open: Stocks set for higher start
London stocks were set for a slight rebound on Wednesday morning after falling the previous session, though concerns over the health of the Chinese economy were likely to dominate newsflow on a quiet day for company news.