Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

FTSE 100 movers: Reckitt rises on CFO appointment

Mon, 17th Sep 2012 14:19

Reckitt Benckiser, the Anglo-Dutch household goods firm behind the Cillit Bang brand, rose after it nabbed Adrian Hennah from medical technology business Smith & Nephew to be its new Chief Financial Officer. Hennah will get his feet under his new desk in 2013. The company´s share price is also on the up after UBS raised its price target by two quid, to 2400p.Reckitt's Anglo-Dutch rival Unilever was wanted after UBS issued a "buy" note on the stock. The same broker has turned bearish on chip-designer Imagination Technologies, downgrading it to "sell" from "neutral". Telecommunications service provider BT fell after broker Exane BNP downgraded its shares to neutral from outperform. On a different note, the company has unveiled Luis Alvarez as its new Chief Executive Officer of Global Services from October 1st. Alvarez has been with BT for 12 years in a variety of roles, most recently President of BT Global Services Europe, Middle East, Africa and Latin America. IAG will not bid for TAP SGPS, according to market reports. Evraz, Anglo American and Rio Tinto are off on profit-taking and also due to "market chatter" pointing to a slower policy response from Chinese authorities as the US and Europe act to head-off the worst scenarios. In that same vein, economists at Citigroup have today cut their forecast for Chinese GDP growth this year to 7.6% from 8% before. Copper inventories with the LME in Asia rose last week for the first time in five, by 3.9% to 93,050 tons.FTSE 100 - RisersAshmore Group (ASHM) 336.10p +2.53%Capita (CPI) 753.00p +2.24%G4S (GFS) 266.50p +2.11%Polymetal International (POLY) 1,099.00p +1.67%ICAP (IAP) 355.90p +1.45%Next (NXT) 3,401.00p +1.22%ARM Holdings (ARM) 588.50p +1.12%GlaxoSmithKline (GSK) 1,433.00p +1.09%Unilever (ULVR) 2,268.00p +1.02%Resolution Ltd. (RSL) 226.00p +0.98%FTSE 100 - FallersRolls-Royce Holdings (RR.) 865.50p -2.15%International Consolidated Airlines Group SA (CDI) (IAG) 156.80p -2.06%BT Group (BT.A) 228.50p -1.93%Admiral Group (ADM) 1,103.00p -1.78%Evraz (EVR) 289.10p -1.57%Royal Bank of Scotland Group (RBS) 275.00p -1.43%Anglo American (AAL) 2,054.50p -1.42%Weir Group (WEIR) 1,799.00p -1.42%Prudential (PRU) 842.00p -1.41%Bunzl (BNZL) 1,091.00p -1.27%NR

Related Shares

More News
3 May 2024 13:37

UK earnings, trading statements calendar - next 7 days

19 Apr 2024 16:56

London close: Stocks mixed as investors watch Middle East newsflow

(Sharecast News) - London's stock markets closed in a mixed state on Friday as traders kept a close watch on escalating tensions in the Middle East.

19 Apr 2024 12:02

LONDON MARKET MIDDAY: Stocks down on Israel attack on Isfahan, Iran

(Alliance News) - Stock prices in London were down at midday on Friday, as equity sentiment suffered by worries of a conflict escalation between Iran ...

19 Apr 2024 08:49

LONDON MARKET OPEN: European stocks slump amid Middle East escalation

(Alliance News) - London's FTSE 100 traded lower in early exchanges, with sentiment hurt by worries of a conflict escalation in the Middle East, after...

18 Apr 2024 16:52

LONDON MARKET CLOSE: Stocks recover some of recent Fed talk losses

(Alliance News) - Stock prices in London closed up on Thursday, despite the prospect of higher for longer US interest rates hanging over stocks, while...

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.