Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRPS.L Share News (RPS)

  • There is currently no data for RPS

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Britain's FTSE flat as sterling strength outweighs M&A and strong miners

Thu, 02nd Feb 2017 10:20

(ADVISORY - Follow European and UK stock markets in real timeon the Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livemarkets)

* FTSE 100 down 0.1 percent

* Reckitt Benckiser takeover news buoys stock

* Aberdeen fund manager sinks on further outflows

LONDON, Feb 2 (Reuters) - Britain's blue-chip FTSE 100 index was flat on Thursday, as a strong sterling offsetgains by consumer products group Reckitt Benckiser related to a potential acquisition, as well as strong energy andmining sectors.

The index held steady as sterling reached a seven-week highafter lawmakers last night voted in favour of beginning theBrexit process. A strong sterling weighs on theindex heavy in foreign-earning companies.

Reckitt Benckiser was a top gainer after saying it was inadvanced talks to buy U.S. baby-food maker Mead Johnson. Its shares were last up 2.5 percent and werethrough their 30-day average daily volume in the first 40minutes of trade.

"Reckitt Benckiser makes it a brace of companies whose shareprices have defied traditional M&A reaction recently, rising onnews of spending big to acquire," Mike van Dulken, head ofresearch at Accendo Markets, said in a note.

Foodservice company Compass Group gained 2.6 percentafter maintaining its full-year outlook.

Miners Randgold Resources and Fresnillo also supported the index, up 1.5 to 2.1 percent respectively.

Shares in oil major Shell climbed 1.3 percentdespite profits missing expectations, as debt reduction effortsand a healthy dividend pleased investors.

"Upstream made a profit two quarters in a row, which willgive people encouragement, and cash flow was strong," added RussMould, investment director at AJ Bell.

Worldpay Group was the worst-performing blue-chipstock, down 3.8 percent after stakeholder Ship Global 2 &CYS.C.A. sold 214 million shares in the online payments company. The stock was through 10 days' worth of averagetrading volume as markets digested the sale.

Pharmaceuticals giant AstraZeneca was also a faller,down 1.5 percent after it said profit and revenue would declinethis year as cheap generic versions of its cholesterol drug hitsales.

Energy companies led the small-cap index higher,with oil exploration consultant RPS Group up 9.8 percent afterit increased its profit outlook. Its shares were headed fortheir best daily gains since Feb. 2015.

Liberum analysts cited President Trump's commitment toinfrastructure spending, and reinitiation of the Keystone XLpipeline project, as positive for RPS, on which it has a 'buy'rating.

Aberdeen Asset Management was the worst-performingstock in the mid-cap index, down 4.7 percent after itsfirst-quarter trading update showed outflows of 10.5 billionpounds, higher than expected.

This marks the 14th consecutive quarter of equity outflowsfor the firm, UBS analysts said. (Reporting by Helen Reid; Editing by Mark Potter)

More News
12 Feb 2020 16:00

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

Read more
10 Jan 2020 09:46

UK BROKER RATINGS SUMMARY: Lloyds, National Grid And Barratt Cut

UK BROKER RATINGS SUMMARY: Lloyds, National Grid And Barratt Cut

Read more
9 Dec 2019 15:47

UK Shareholder Meetings Calendar - Next 7 Days

UK Shareholder Meetings Calendar - Next 7 Days

Read more
24 Oct 2019 09:23

RPS Performing In Line; Outlook Positive Despite Brexit Uncertainty

RPS Performing In Line; Outlook Positive Despite Brexit Uncertainty

Read more
4 Oct 2019 16:04

UK Dividends Calendar - Next 7 Days

UK Dividends Calendar - Next 7 Days

Read more
2 Oct 2019 11:52

Wednesday broker round-up

(Sharecast News) - RDI REIT: Berenberg upgrades to buy with a target price of 140p.

Read more
2 Oct 2019 09:28

RPS Buys Reservoir Imaging To Strengthen Position In Oil & Gas Sector

RPS Buys Reservoir Imaging To Strengthen Position In Oil & Gas Sector

Read more
16 Aug 2019 15:34

Director dealings: RPS Group CEO ups stake

(Sharecast News) - RPS Group revealed on Friday that chief executive John Douglas had purchased 100,852 shares in the London-listed professional services firm.

Read more
16 Aug 2019 15:13

DIRECTOR DEALINGS: RPS Boss John Douglas Buys Shares Through Trust

(Alliance News) - RPS Group PLC said Friday Chief Executive Officer John Douglas bought shares in the engineering services firm worth a combined GBP127,479 through a trio of transactions by a this

Read more
5 Aug 2019 17:46

DIRECTOR DEALINGS: RPS Chief Executive Officer Buys Shares

(Alliance News) - RPS Group PLC said Monday that Chief Executive Officer John Douglas purchased around GBP24,870 in stock in a deal on Friday last week.Douglas bought 17,767 shares at a of

Read more
25 Jul 2019 16:05

UK Earnings, Trading Statements Calendar - Next 7 Days

Friday 26 July AIB GroupHalf Year ResultsSports Direct InternationalFull Year Year UK 29

Read more
28 Jun 2019 11:44

DIRECTOR DEALINGS: RPS CEO, People Director And Associate Buy Shares

(Alliance News) - RPS Group PLC said Thursday Chief Executive Officer John Douglas, People Director Liza Kane, and someone closely associated with Kane purchased around GBP229,700 in shares in the

Read more
26 Jun 2019 12:03

LONDON MARKET MIDDAY: Stocks Nudge Up Despite Fed Remarks, Gold Slide

(Alliance News) - London stocks crawled into the green at midday on Wednesday, managing to overcome a sharp fall for gold in the wake of less dovish than expected comments from the US Federal FTSE

Read more
26 Jun 2019 10:48

WINNERS & LOSERS SUMMARY: John Wood Sees Interim Earnings Rising

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Wednesday.----------FTSE 100 - down 2.3%. The Mexican gold miner was down as the

Read more
26 Jun 2019 09:21

RPS warns on profits as slowing Australian economy delays infrastructure spending

(Sharecast News) - Professional services firm RPS Group expects recent trading conditions in its Australia-Asia Pacific segment to adversely impact the firm's current full-year earnings.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.