CITY MOVES | WHO’S SWITCHING JOBS October 4, 2013 Avanti Communications Group Paul Walsh, chief executive of Diageo, has joined the board of satellite data company Avanti Communications as a non-executive director. He is also a non-executive director of FedEx Corporation and Unilever. Prior to joining Diageo, Walsh held financial and commercial positions with InterContinental Hotels and in the GrandMet food business, becoming CEO [...]
London Report: BP’s court win sees FTSE defy US shutdown October 3, 2013 THE FTSE 100 rose yesterday, boosted by heavyweight BP which won a rare legal battle related to its oil spill in the Gulf of Mexico, but ongoing US government shutdown uncertainty sapped momentum. Energy firm BP – the UK’s fifth biggest company by market capitalisation – rose 1.1 per cent after it won a legal [...]
Unilever and Tullow Oil help drive FTSE briefly over key 6,200 level January 23, 2013 BRITAIN’S FTSE 100 share index hit the 6,200 level for the first time since May 2008 yesterday after Unilever got the UK earnings season off to an encouraging start, sending its stock to a record high. Shares of the Anglo-Dutch consumer goods company rose 3.1 per cent to top 2,500p for the first time ever [...]
Best of the Brokers for 22 July 2013 July 21, 2013 To appear in Best of the Brokers, email your research to notes@cityam.com CAPITA Shore Capital keeps its “sell” rating and 1,056p target on the outsourcer as it looks ahead to interim results this week. The broker thinks new contract flow will disappoint slightly, in spite of an expected 15 per cent rise in half-year revenues, [...]
Before the open – 06/08 August 6, 2013 Stocks are expected to open down in Europe, following US and Asian markets, on investor profit taking. $FTSE seen dwn 10 points on weaker US & Asia. $ULVR Unilever downgrde @ JPM, $GSK Glaxo downgrde @ Citi. $EMG Man Group Citi upgrade est. MB — IGSquawk (@IGSquawk) August 6, 2013 Morning ftse -20, dow -26, [...]
City Moves for 5 August 2013 | Who’s switching jobs August 4, 2013 Pramerica Real Estate Investors The real estate investment management business has announced the appointment of Eric Adler as chief executive. Adler is currently chief investment officer at Pramerica, having joined the company in 2010 as head of European operations. He was previously as Tishman Speyer, where he co-directed its European activities, and was a member [...]
Unilever sales beat forecasts October 25, 2012 UNILEVER’S quarterly sales growth beat forecasts as demand for cleaning and personal care products in China helped the consumer goods group outshine larger rival Nestle. The maker of Dove soap and Cif cleaners shrugged off the worries about slowing growth in China, reporting a growth of 5.9 per cent in the third quarter, ahead of [...]
Unilever sales rise on emerging markets boost October 25, 2012 Consumer giant Unilever this morning posted a 5.9 per cent increase in underlying sales, boosted by a 12.1 per cent rise in sales from the emerging markets. The world’s third-largest consumer group posted turnover of €13.4bn (£8.3bn) over the three months to September, with a positive 4.1 per cent impact from foreign exchange. Over the [...]
London Report: Data suggests UK economy is in good health July 21, 2013 THE UK economy is showing improving health, according to statistics out this week that are expected to reveal growth throughout the second quarter. The economy is forecast to have grown 0.6 per cent in the second quarter, accelerating from 0.3 per cent in the first three months of the year. The Office for National Statistics [...]
Unilever defies gloom with strong growth July 26, 2012 STRONG emerging markets helped consumer goods giant Unilever avoid issuing similar profit warnings to two of its main rivals yesterday, although it did warn of tougher times ahead due to difficult economies and volatile input costs. The maker of brands such as Dove and Knorr is facing tough trading in southern Europe and is seeing [...]