Advertisement
UK markets close in 58 minutes

  • FTSE 100

    8,031.06
    +7.19 (+0.09%)
     

  • FTSE 250

    19,741.69
    +142.30 (+0.73%)
     

  • AIM

    754.34
    +5.16 (+0.69%)
     

  • GBP/EUR

    1.1626
    +0.0037 (+0.32%)
     

  • GBP/USD

    1.2452
    +0.0102 (+0.82%)
     

  • Bitcoin GBP

    53,656.35
    +239.14 (+0.45%)
     

  • CMC Crypto 200

    1,439.35
    +24.59 (+1.74%)
     

  • S&P 500

    5,065.53
    +54.93 (+1.10%)
     

  • DOW

    38,434.57
    +194.59 (+0.51%)
     

  • CRUDE OIL

    82.11
    +0.21 (+0.26%)
     

  • GOLD FUTURES

    2,337.10
    -9.30 (-0.40%)
     

  • NIKKEI 225

    37,552.16
    +113.55 (+0.30%)
     

  • HANG SENG

    16,828.93
    +317.24 (+1.92%)
     

  • DAX

    18,077.00
    +216.20 (+1.21%)
     

  • CAC 40

    8,086.12
    +45.76 (+0.57%)
     
Money:

What is the true cost of the UK state pension?

To get a sense of the true value of the state pension, you can look at how much you would need to save to match it yourself

BUZZ-Unilever: RBC cuts to "underperform"

Reuters - UK Focus

** RBC cuts consumer goods maker Unilever (NYSE: UL - news) to "underperform" as it sees risk to forecast

** "There is a widespread expectation amongst investors that Unilever will hit its 2020 targets for both sales growth and margins. We’re not convinced," RBC says

** The broker sees the achievement of 20 pct of operating margins and 3-5 pct underlying sales growth as a "big ask"

** RBC reduces its forecast for 2020 underlying operating margin (before restructuring) to 19.5 pct (from 20.5 pct)

** Following co's outperformance vs European Consumer Staples (NasdaqGS: SPLS - news) sector (+33pct vs +8pct YTD), RBC sets TP at a 16 pct discount to Wednesday's close

ADVERTISEMENT

** RBC analysts also see Diageo (LSE: DGE.L - news) missing its margin aspirations and Danone (LSE: 0KFX.L - news) falling short on sales

** Unilever is -1.2 pct, Danone is -1.6 pct and Diageo (Euronext: DGE.NX - news) -2.5 pct at 0925 GMT