Reckitt Benckiser shares have furthered their bounce from 4-month lows after its shares gapped 5% higher this morning. This comes as investors cheered consensus-beating FY15 results at both the top and bottom-line, a 12% hike to the dividend and management maintaining its guidance for comparable revenues up 4-5% this year and for moderate margin expansion in…
Analyst summary – 12 Feb 2016 Last week we wrote about handsome share price gains (10-35%) for many of the base metal miners (Anglo American, Glencore, Antofagasta) who benefited from a weaker US dollar (a boon for commodity prices) on fading expectations the US Fed could raise interest rates at all in 2016. Yay! Good…
That hitherto slightly unreliable port in a storm, spot gold (XAU/USD), is looking that much lighter than its underlying physical commodity in February. But what’s supporting the gold price today is exactly what should have supported the gold price last August, when we briefly got a taster of the sort of equity market volatility that’s…
Shares in Rolls Royce (RR) have finally broken above 9-month falling highs to retest a 600p handle as markets reward CEO Warren East for the difficult decision to slash the FY dividend by a whopping 50%, well beyond expectations of 25%, joining commodity sector peers – quite rightly – in doing what’s necessary to ensure…
Rolls Royce surges on order pick-up despite halved divi Proactive Investors – 11 Feb http://www.proactiveinvestors.co.uk/companies/news/122469/rolls-royce-surges-on-order-pick-up-despite-halved-divi-122469.html UPDATE 2-Rolls-Royce halves dividend after profit drop Reuters / CNBC – 12 Feb http://www.cnbc.com/2016/02/12/reuters-america-update-2-rolls-royce-halves-dividend-after-profit-drop.html Rolls-Royce slashes its dividend for the first time in 24 years as engineer’s profits slump but share jump as it maintains guidance This is Money –…
Rio Tinto shares suffering from confirmation of commodity sector woes this morning. Shareholders are reacting unfavourably, maybe even a little unfairly, to a far from unexpected change to dividend policy after a 51% decline in FY earnings and a downbeat outlook – 2016 is set to be even tougher. Management ditching its progressive and currently generous…