BEST OF THE BROKERS March 20, 2012 ARM HOLDINGS Barclays has upgraded the Cambridge-based chipmaker from “equalweight” to “overweight” and raised its target price to 725p, saying it sees smartphone and tablet growth driving an upside to its expectations, as well as a return to positive estimate momentum. The broker expects ARM to maintain the upper hand versus Intel in tablets, and [...]
Price hikes fuel Unilever growth August 4, 2011 Consumer goods giant Unilever raised its prices sharply in the second-quarter to offset a hike in commodity costs helping it on Thursday to beat forecasts with 7.1 per cent rise in quarterly sales growth. The Ben & Jerry’s ice cream and Dove soaps group suffered a fall in margins due to the time lag between [...]
Price hikes fuel Unilever growth August 4, 2011 Consumer goods giant Unilever raised its prices sharply in the second-quarter to offset a hike in commodity costs helping it on Thursday to beat forecasts with 7.1 per cent rise in quarterly sales growth. The Ben & Jerry’s ice cream and Dove soaps group suffered a fall in margins due to the time lag between [...]
Emerging markets push comes too late February 8, 2012 WHEN times get tough, branded products are the first things to go. British consumers know there is little difference between Fairy and a supermarket’s own-label washing up liquid. The trend is more pronounced among younger consumers, who will protect luxuries such as their iPhone and designer clothes by buying staples from the supermarket economy ranges. [...]
LONDON REPORT April 22, 2012 UK investors are set for a busy week with a slew of earnings both here and on Wall Street, the release of Britain’s quarterly GDP rate and a decision from the Fed on the US Bank rate. Both the Nationwide Housing Prices report and Nationwide Consumer Confidence report are due out this week and today’s [...]
Unilever beats forecasts thanks to price increases August 4, 2011 CONSUMER goods giant Unilever raised its prices sharply in the second-quarter to offset a hike in commodity costs, helping to beat forecasts with 7.1 per cent rise in quarterly sales. The firm behind Ben & Jerry’s ice cream and Dove soaps said growth was driven by the group’s big emerging market presence in Asia, Africa [...]
Unilever beats forecasts thanks to price increases August 4, 2011 CONSUMER goods giant Unilever raised its prices sharply in the second-quarter to offset a hike in commodity costs, helping to beat forecasts with 7.1 per cent rise in quarterly sales. The firm behind Ben & Jerry’s ice cream and Dove soaps said growth was driven by the group’s big emerging market presence in Asia, Africa [...]
BEST OF THE BROKERS January 12, 2012 UNILEVER Morgan Stanley rates the consumer goods group “equal-weight”, down from “overweight”, and has a target share price of €28 (£23.43). The broker notes that Unilever shares are at all-time highs and that investors should aim to take profits. Morgan Stanley also sees very limited scope for any earnings upgrades in 2012, leaving the shares [...]
Pandit: jobs must be top priority for year ahead January 29, 2012 ON THE closing day of the World Economic Forum in Davos yesterday, chief executive Vikram Pandit told delegates that “jobs should be our number one priority” for this year. “Ultimately it is about growth. Nothing creates jobs better than growth,” said Pandit. He was one of five co-chairs for the event this year after being [...]
CITY MOVES | WHO’S SWITCHING JOBS March 5, 2012 Warburg Pincus The private equity firm focused on growth investing has announced the appointment of Francesco Granata as an executive-in-residence, focusing on the healthcare sector. Granata will be based in Warburg Pincus’ London office, and will help the firm assess new investments in the biopharmaceutical sector. He has over 35 years experience in the pharmaceutical [...]