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Pin to quick picksPz Cussons Share News (PZC)

Share Price Information for Pz Cussons (PZC)

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Share Price: 78.50
Bid: 78.50
Ask: 79.50
Change: 1.10 (1.42%)
Spread: 1.00 (1.274%)
Open: 77.40
High: 79.50
Low: 77.40
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LIVE MARKETS-Utilities: Golden Age of growth

Wed, 25th Sep 2019 11:44

* European stocks under pressure as Trump impeachment probe knocks confidence

* Euro-zone index hits Sept. 5 low, down 1.3%

* STOXXE and major bourses set for worst day in 6 weeks

* EDF falls as co flags rising Hinkley Point costs
Welcome to the home for real-time coverage of European equity markets brought to you by Reuters
stocks reporters and anchored today by Josephine Mason. Reach her on Messenger to share your
thoughts on market moves: rm://josephine.mason.thomsonreuters.com@reuters.net

UTILITIES: GOLDEN AGE OF GROWTH (1042 GMT)

As the world turns its attention to climate change and decarbonisation, utility companies
with high exposure to renewables are likely to be the top beneficiaries with billions of dollars
in capital to be pumped into building plants/infrastructure.

Green government policies, low interest rates, rising importance of ESG (environmental,
social and governance) and lower construction costs are seen as factors making the
capital-intensive utility sector attractive, according to Bank of America Merrill Lynch (BAML).

"We see renewables as poised to enter a 'Golden Age' of growth."

BAML sees about 600 billion euros ($659 billion) in capital expenditure opportunity by 2030
for pan-European utilities.

BAML's favourites in the sector are Orsted, EDPR, RWE, SSE
and Enel.

Apart from policies, decarbonisation and low interest rates, the ESG theme is also playing
out well for the sector with 44% of asset owners expected to increase their allocation to
ESG-compliant stocks.

(Thyagaraju Adinarayan)

*****

WASHINGTON DRAMA RATTLES EUROPE (0927 GMT)

Losses across Europe are deepening as investors fret about the impact of the impeachment
probe into Trump, setting the major bourses on course for their biggest one-day drop in six
weeks. The euro-zone stocks index is down 1.4% after hitting its weakest since Sept.
5.

The main worry among traders is that extended upheaval on the Capitol Hill will distract
lawmakers and chief of the world's No. 1 economy, potentially disrupting negotiations to end the
prolonged trade spat with China.

The impeachment risk could weaken Trump's bargaining power in those talks and make the
Chinese less eager to pursue an immediate accord, one dealer notes, particularly if it dents his
ratings and threatens his chances of winning the 2020 election.

That said, his support base is known for rally around him when he is under threats.

Trade-sensitive tech stocks are leading the European equities market lower with the index
down 2.3%.

"We have Brexit issues taking a new twist and on top of that we now have impeachment issues
against Trump," says one trader.

"Trade talks between China and USA are still on going with no clarity. Eco data has been
very poor recently with Germany heading for a recession. So in this context with the U.S.
markets near highs, the pullback is the most likely outcome from all of this."

Some are taking it more in their stride, noting that it's early days in the process and the
low risk that Trump will be impeached. To be sure, an impeachment does not necessarily mean
Trump will leave office.

"It may not be as big an impact as the initial reaction in the market suggests since he's
recently pivoted to China and said he wants to get a trade deal done. This may make him more
conciliatory," says Rory McPherson, head of investment strategy at Psigma Investment Management.

(Danilo Masoni, Thyagaraju Adinarayan and Josephine Mason)

*****

OPENING SNAPSHOT: EUROPE AT TWO-WEEK LOWS (0737 GMT)

European stocks are hitting two-week lows in early deals as investors shun riskier assets
after the Democrats launches an impeachment probe into U.S. President Trump's dealings with
Ukraine, raising worries about prolonged political upheaval in the world's No. 1 economy.

"It's not been a great 24 hours for the leaders of two of the world's most important
economies and old allies. While both would rather be exploring an ambitious new post-Brexit
trade deal that will bring the two countries even closer together, they're instead now fighting
opposition forces at home intent on bringing them down," says Craig Erlam, senior market
analyst, UK & EMEA at Oanda.

The euro-zone benchmark is down 0.6%, with Itlay's blue chips down 0.9%
and Germany's DAX down 0.5%.

Semiconductors are leading the charge lower, with the tech index down 1.3% and oil &
gas down 1.2% after a drop in crude prices.

Investors are also digesting more negative news from several German industrial machinery
companies - Pfeiffer has plunged almost 14% in early deals, set for its worst day in six
years.

Robotics firm Kuka has hit six week lows after cutting its profit outlook due to
weakening auto demand, but the stock has since bounced back and is up 0.1%. The stock has been
under severe pressure in recent year amid tumult in the auto sector and fell to five-year lows
in August.

Among other individual moves, EDF is down 4.7% and the biggest faller on the STOXX
600 after raising the cost of its Hinkley Point project.

(Josephine Mason)

*****

BEFORE THE OPEN: SNEAKERS, SOAP, FASHION AND ELECTRICITY (0647 GMT)

The potential for greater political tumult in Washington that will engulf the U.S. President
following the launch of an impeachment probe into Donald Trump's dealing with Ukraine have put
heavy pressure on European stock futures this morning.

Futures for Germany's export-heavy DAX are down 0.6%, while Eurostoxx 50
are down 0.4%.

Not helping sentiment is a profit warning from Pfeiffer Vacuum that it's suffering
order delays and expects weaker-than-expected FY results, the latest European (and German)
industrial machinery company to cut guidance.

While a relatively small company by market cap, the news will underscore concerns about the
health of Europe Inc ahead of Q3 results as companies suffer their third straight quarterly
decline in profits. Yesterday, German truck and trailer components maker SAF Holland
issued a profit alert.

Pfeiffer's shares are down as much as 9.5% in pre-market trading and the news could hurt
Comet Holdings and Assa Abloy.

Cosmetics and soap maker PZ Cussons Plc has said it expects conditions in its key
markets to remain challenging for the rest of the first-half, as it reported declining
first-quarter revenue in Asia-Pacific and Africa. Its shares are seen down 2%.

Still consensus-busting results from Nike, the world's largest footwear maker,
overnight could provide a bright spot for Adidas and online fashion company BooHoo
shares are expected to get a lift from its H1 results, highlighting the shift in consumer to
online away from the high street.

Puma may not benefit from the warm glow from Nike though after Gucci-owner Kering
announced it's issuing a bond that can be exchanged for shares in the German sports
company. Kering owns a 15.7% stake.

News that ThyssenKrupp is preparing to replace its CEO after only a year on the
job is seen boosting the German steel-to-elevator conglomerate shares.

Utilities will be in focus - EDF shares are seen down 5% by one dealer after the
French electricity firm warned of spiralling costs from Britain's Hinkley Point C project. The
UK's United Utilities forecast higher underlying profit and revenue for the first half.

(Josephine Mason)

*****

ON OUR RADAR: TRAINERS, ELEVATORS AND VACUUMS (0600 GMT)

On the corporate news front, warnings from industrial machinery makers are piling up. The
latest comes from Germany's Pfeiffer Vacuum, which warned of delays to orders, cut its
FY sales and EBIT margin forecasts in that move that underscores worries about a prolonged
European corporate recession and bodes poorly for the upcoming Q3 earnings season.

Its shares are down as much as 9.5% in premarket trading.

One bright spot overnight for sport retailers though - Nike delivered
better-than-expected quarterly revenue and profit after the world's largest footwear maker
pushed to sell its sneakers to consumers through its own stores and online retailers gained
pace. The news sent shares up 5% and may give Adidas and Puma a lift.

Change is afoot at the top of ThyssenKrupp - it plans to end the contract of
current Chief Executive Guido Kerkhoff, the latest sign of turmoil at the steel-to-elevators
conglomerate, as it tries to restructure itself by selling or listing all or parts of its
elevator unit, by far its most profitable business.

Here are your early headlines:

Pfeiffer Vacuum Technology Adjusts Guidance For 2019 Sales And EBIT Margin

Thyssenkrupp CEO Kerkhoff to leave, chairwoman Merz to take over

As Thomas Cook customers return home, blame game begins

Derichebourg Announces Sale Of Its Activities In Morocco

Novartis blames former AveXis executives for Zolgensma data manipulation

Greek utility Public Power Corp shrinks first-half loss

Bain and Advent in advanced talks about new Osram bid -sources

Fiat manager charged with lying about emissions even after VW scandal

Renault-FCA merger "behind us", French carmaker says

(Josephine Mason)

*****

THE WORRIES PILE UP (0517 GMT)

As if investors didn't have enough to worry about from a slowing euro-zone (global) economy,
the U.S. trade spat with China to Brexit. Now political turmoil is set to roil Washington and
financial markets after the House of Representatives launched impeachment investigation into
President Trump over his dealings with Ukraine.

The move has stirred worries about a prolonged period of upheaval in Washington, which could
spill into the 2020 election and could distract the head of the world's No. 1 economy as he
prepares for the next round of talks with Beijing over trade. Wall Street sold off and Asian
equities are under pressure overnight.

IG financial spreadbetters expect London's FTSE to open 17 points lower at 7,274,
Frankfurt's DAX to open 24 points lower at 12,283, and Paris' CAC to open 15 points lower at
5,613.

(Josephine Mason)

*****

($1 = 0.9098 euros)

(Reporting by Danilo Masoni, Josephine Mason and Thyagaraju Adinarayan)

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14 Nov 2024 13:48

UK shareholder meetings calendar - next 7 days

Friday 15 November 
Digitalbox PLCGM re proposed capital reduction
Eurasia Mining PLCAGM
MJ Gleeson PLCAGM
Monday 18 November 
Celsius Resources LtdAGM
Ground Rents Income Fund PLCEGM re continuation of company
JPMorgan Asia Growth & Income PLCGM re renewal of share buyback authority
Mountview Estates PLCGM re re-electing Chair Powell to board
Tuesday 19 November 
Abingdon Health PLCAGM
Berkeley Energia LtdAGM
Bradda Head Lithium LtdAGM
First Tin PLCGM re proposed issuance of 133.3m new shares
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Mothercare PLCAGM
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Wednesday 20 November 
CVS Group PLCAGM
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Hays PLCAGM
Leeds Group PLCAGM
Made Tech Group PLCAGM
Tritax EuroBox PLCGM re takeover by Titanium Ruth
Thursday 21 November 
Close Brothers Group PLCAGM
Dunelm Group PLCAGM
Eagle Eye Solutions Group PLCAGM
Fidelity Asian Values PLCAGM
Future Metals NLAGM
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Pan African Resources PLCAGM
PZ Cussons PLCAGM
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
24 Oct 2024 14:21

UK dividends calendar - next 7 days

Friday 25 October 
Advanced Medical Solutions Group PLCdividend payment date
Albion Development VCT PLCspecial dividend payment date
Albion Enterprise VCT PLCspecial dividend payment date
Albion KAY VCT PLCdividend payment date
Albion KAY VCT PLCspecial dividend payment date
Alpha Real Trust Ltddividend payment date
Amati AIM VCT PLCdividend payment date
Artemis Alpha Trust PLCdividend payment date
Centaur Media PLCdividend payment date
Computacenter PLCdividend payment date
Diales PLCdividend payment date
Drax Group PLCdividend payment date
Equals Group PLCdividend payment date
Essentra PLCdividend payment date
Facilities by ADF PLCdividend payment date
Fidelity European Trust PLCdividend payment date
Fletcher King PLCdividend payment date
FRP Advisory Group PLCdividend payment date
Good Energy Group PLCdividend payment date
Henderson High Income Trust PLCdividend payment date
HgCapital Trust PLCdividend payment date
Hunting PLCdividend payment date
JTC PLCdividend payment date
Kainos Group PLCdividend payment date
Litigation Capital Management Ltddividend payment date
Luceco PLCdividend payment date
Martin Currie Global Portfolio Trust PLCdividend payment date
Miton UK Microcap Trust PLCdividend payment date
Palace Capital PLCdividend payment date
Pantheon Infrastructure PLCdividend payment date
Patria Private Equity Trust PLCdividend payment date
Public Policy Holding Co Incdividend payment date
Rank Group PLCdividend payment date
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RIT Capital Partners PLCdividend payment date
Skillcast Group PLCdividend payment date
Stelrad Group PLCdividend payment date
STS Global Income & Growth Trust PLCdividend payment date
Value & Indexed Property Income Trust PLCdividend payment date
Monday 28 October 
BlackRock Energy & Resources Income Trust PLC 
Bridgepoint Group PLC 
Learning Technologies Group PLC 
Tuesday 29 October 
BioPharma Credit PLCdividend payment date
BioPharma Credit PLCspecial dividend payment date
Panther Securities PLCdividend payment date
US Solar Fund PLCdividend payment date
Wednesday 30 October 
FIH Group PLCdividend payment date
FIH Group PLCspecial dividend payment date
Thursday 31 October 
abrdn UK Smaller Cos Growth Trust PLCex-dividend date
AEW UK REIT PLCex-dividend date
Balfour Beatty PLCex-dividend date
Blackstone Loan Financing Ltdex-dividend date
Bloomsbury Publishing PLCex-dividend date
Burford Capital Ltdex-dividend date
Card Factory PLCex-dividend date
CVS Group PLCex-dividend date
Downing Strategic Micro-Cap Investment Trust PLCex-dividend date
Dunedin Income Growth Investment Trust PLCex-dividend date
Dunelm Group PLCex-dividend date
Edinburgh Investment Trust PLCex-dividend date
European Smaller Cos Trust PLCex-dividend date
Foresight Enterprise VCT PLCex-dividend date
Gattaca PLCex-dividend date
GCP Infrastructure Investments Ltdex-dividend date
Hilton Food Group PLCex-dividend date
i3 Energy PLCex-dividend date
Invesco Global Equity Income Trust PLCex-dividend date
M&G Credit Income Investment Trust PLCex-dividend date
Maven Income & Growth VCT PLCex-dividend date
NWF Group PLCex-dividend date
Octopus AIM VCT 2 PLCex-dividend date
PZ Cussons PLCex-dividend date
Renishaw PLCex-dividend date
Ricardo PLCex-dividend date
S & U PLCex-dividend date
Sylvania Platinum Ltdex-dividend date
Tribal Group PLCex-dividend date
Tritax Big Box REIT PLCex-dividend date
VinaCapital Vietnam Opportunity Fund Ltdex-dividend date
Whitbread PLCex-dividend date
Wilmington PLCex-dividend date
Bodycote PLCdividend payment date
City of London Investment Group PLCdividend payment date
Microlise Group PLCdividend payment date
STV Group PLCdividend payment date
  
Comments and questions to newsroom@alliancenews.com
  
A full 14-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
25 Sep 2024 09:36

LONDON BROKER RATINGS: JPMorgan cuts Smiths, Burberry price targets

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday:

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18 Sep 2024 15:03

London close: Stocks slip ahead of much-awaited Fed decision

(Sharecast News) - London's stock markets closed lower on Wednesday, as investors digested the latest UK inflation figures and looked ahead to the US Federal Reserve's policy announcement later in the day.

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18 Sep 2024 09:40

TOP NEWS: PZ Cussons swings to loss hurt by ongoing forex pain

(Alliance News) - Carex owner PZ Cussons PLC slashed the dividend on Wednesday in response to falling sales and foreign exchange headwinds.

Read more
18 Sep 2024 07:49

LONDON BRIEFING: Legal & General sells CALA arm for GBP1.35 billion

(Alliance News) - The FTSE 100 is called to open lower on Wednesday, as investors digest a UK inflation reading, and look ahead to a US interest rate decision later.

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18 Sep 2024 07:18

PZ Cussons reports drop in full-year revenue, profit

(Sharecast News) - Consumer goods company PZ Cussons reported a 10.6% drop in full-year revenue to £527.9m on Wednesday, primarily due to the significant devaluation of the Nigerian naira against sterling.

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11 Sep 2024 14:18

UK earnings, trading statements calendar - next 7 days

Thursday 12 September 
Aquis Exchange PLCHalf Year Results
Brooks Macdonald Group PLCFull Year Results
Checkit PLCHalf Year Results
Fevertree Drinks PLCHalf Year Results
Harworth Group PLCHalf Year Results
Inspired PLCHalf Year Results
Keystone Law Group PLCHalf Year Results
Kier Group PLCFull Year Results
North Atlantic Smaller Cos Investment Trust PLCHalf Year Results
Oakley Capital Investments LtdHalf Year Results
Renishaw PLCFull Year Results
Spire Healthcare Group PLCHalf Year Results
Trainline PLCTrading Statement
Friday 13 September 
Bioventix PLCTrading Statement
RTW Biotech Opportunities LtdHalf Year Results
Monday 16 September 
Facilities by ADF PLCHalf Year Results
Greencoat Renewables PLCHalf Year Results
HgCapital Trust PLCHalf Year Results
HydrogenOne Capital Growth PLCHalf Year Results
Keywords Studios PLCHalf Year Results
MP Evans Group PLCHalf Year Results
Wilmington PLCHalf Year Results
Tuesday 17 September 
City of London Investment Group PLCFull Year Results
Billington Holdings PLCHalf Year Results
CPPGroup PLCHalf Year Results
Diaceutics PLCHalf Year Results
Dillistone Group PLCHalf Year Results
DP Poland PLCHalf Year Results
EJF Investments LtdHalf Year Results
EKF Diagnostics Holdings PLCHalf Year Results
Ferguson Enterprises IncFull Year Results
Fintel PLCHalf Year Results
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Headlam Group PLCHalf Year Results
Henry Boot PLCHalf Year Results
IP Group PLCHalf Year Results
Jadestone Energy PLCHalf Year Results
Journeo PLCHalf Year Results
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Kingfisher PLCHalf Year Results
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LBG Media PLCHalf Year Results
M&C Saatchi PLCHalf Year Results
MJ Gleeson PLCFull Year Results
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PZ Cussons PLCFull Year Results
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Xaar PLCHalf Year Results
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
2 Jul 2024 09:47

LONDON BROKER RATINGS: Deutsche Bank cuts Quilter, ups Polar Capital

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and on Monday:

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26 Jun 2024 09:17

PZ Cussons sees full-year profit in line despite currency challenges

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26 Jun 2024 07:43

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26 Jun 2024 07:18

PZ Cussons ends year as expected amid currency headwinds

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30 Apr 2024 09:46

LONDON BROKER RATINGS: Deutsche says buy Barr, Britvic and Fevertree

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

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24 Apr 2024 17:06

CORRECT: No record close for FTSE 100; mixed trade in US

(Correcting day of the week in the opening sentence.)

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24 Apr 2024 17:00

LONDON MARKET CLOSE: No record close for FTSE 100; mixed trade in US

(Alliance News) - Stock prices in London closed lower on Thursday, with the FTSE 100's recent rally taking a pause for breath, but not after hitting another record high.

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