Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Indexes  >  World  >  FTSE 100    F100   GB0001383545

FTSE 100 (F100)
Mes dernières consult.
Most popular
SummaryQuotesChartsNewsAnalysisHeatmapComponents 
News SummaryAll newsNews of the components ofTweets

FTSE gains for third week as Unilever rises, Coca Cola HBC sets record

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/17/2017 | 06:13pm CEST
A red London bus passes the Stock Exchange in London

Britain's top share index ended higher on Friday as Unilever (>> Unilever plc) rallied after a surprise $143 billion takeover bid from Kraft Heinz Co (>> Kraft Heinz Co), leading the index to its third straight week of gains.

Britain's top share index ended higher on Friday as Unilever (>> Unilever plc) rallied after a surprise $143 billion takeover bid from Kraft Heinz Co (>> Kraft Heinz Co), leading the index to its third straight week of gains.

The benchmark FTSE 100 <.FTSE> index finished 0.3 percent higher on the day and gained o.6 percent for the week. The index, dominated by companies that trade internationally, was also supported by weakness in sterling after a drop in British retail sales for January.

Unilever's rally stole the show, though. The shares surged to a record high before finishing 15 percent higher, even as Unilever rejected the bid by Kraft Heinz, saying the deal had no financial or strategic merit.

"This is cheap money meeting industrial logic. Putting portfolios of brands together can create huge synergies across marketing, manufacturing and distribution," said Steve Clayton, a fund manager at Hargreaves Lansdown.

"Unilever were clearly in no mood to sell ... A short-term premium today is no compensation for losing the growth that Unilever could produce for decades to come. So to win over a majority of Unilever’s shareholders, we think Kraft Heinz will need to dig very deep indeed."

Pharmaceuticals stocks were also in demand, with the sector index <.FTNMX4570> gaining 1.4 percent, supported by a rise in shares of AstraZeneca (>> AstraZeneca plc).

AstraZeneca rose 1.6 percent after saying that its drug Lynparza, already approved to treat ovarian cancer, met the main goal of helping breast cancer patients live longer without their condition worsening in a late-stage study.

"The AstraZeneca turnaround story largely hinges on what happens to its oncology portfolio, and progress with Lynparza is an important element of that turnaround," Berenberg analysts said in a note.

Coca Cola HBC (>> Coca Cola HBC AG) closed 4 percent higher after setting a record high. The soft drinks bottler extended Thursday's gains after well-received results, with JP Morgan, Exane BNP Paribas and Jefferies raising their price target for the stock.

However, gains in the broader market were capped by weaker commodities-related stocks following a fall in oil and metals prices. The UK oil and gas index <.FTNMX0530> and the mining index <.FTNMX1770> both dropped more than 1 percent.

Anglo American (>> Anglo American plc), BHP Billiton (>> BHP Billiton plc), Glencore (>> Glencore PLC) and Royal Dutch Shell <RDSa.L> fell 1.3 to 1.8 percent.

Among mid-caps, shares in Essentra (>> Essentra PLC), a supplier of speciality plastic and packaging components, surged 15 percent after its results.

(Editing by Angus Larry King)

By Atul Prakash and Helen Reid

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on FTSE 100
08/18DJLONDON MARKETS : FTSE 100 Drops As Travel Shares Rattled After Terrorists Attack..
08/18DJEUROPE MARKETS : European Stocks Sell Off After Deadly Terrorist Attack In Barce..
08/18DJLONDON MARKETS : FTSE 100 Drops As Travel Shares Rattled After Terrorists Attack..
08/18DJEUROPE MARKETS : Spanish Stocks Lead European Selloff After Deadly Terrorist Att..
08/18DJEUROPE MARKETS : Spanish Stocks Lead European Selloff After Deadly Terrorist Att..
08/18DJEUROPE MARKETS : Spanish Stocks Lead European Selloff After Deadly Terrorists At..
08/18DJLONDON MARKETS : FTSE 100 Drops As Travel Shares Rattled After Terrorists Attack..
08/18DJLONDON MARKETS : FTSE 100 Drops As Travel Shares Rattled After Terrorists Attack..
08/17DJLONDON MARKETS : FTSE 100 Snaps Streak Of Gains, As Banks And Retail Shares Tumb..
08/17DJEUROPE MARKETS : European Stocks Pull Back As Fed Rate-hike Doubts Hurt Bank Sha..
More news
News of the components of FTSE 100
03:10a VODAFONE : ‘Ekiki Mi’ promotion
02:19a AFRICAN COMMODITY PRICES TO BENEFIT : Stanchart
08/19 HSBC : Trashed opinion
08/19 HSBC : Trashed opinion Usually it would
08/19 DIAGEO : Guinness gets liquor license for Baltimore County taproom
08/19 UNITED UTILITIES : carrying out work on burst water main in Moses Gate, Bolton
08/19 ASTRAZENECA : Three new Lynparza indications for new partners AstraZeneca and Me..
More news
Chart FTSE 100
Duration : Period :
FTSE 100 Technical Analysis Chart | F100 | GB0001383545 | 4-Traders
Technical analysis trends FTSE 100
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Top / Flop FTSE 100
RANDGOLD RESOURCES 7495 Delayed Quote.1.22%
RSA INSURANCE GROUP 652 Delayed Quote.0.38%
MONDI 2068 Delayed Quote.0.34%
WORLDPAY GROUP 423.6 Delayed Quote.0.14%
ANGLO AMERICAN 1280 Delayed Quote.0.08%
LAND SECURITIES 1002 Delayed Quote.-2.05%
FRESNILLO 1533 Delayed Quote.-2.11%
SHIRE 3764.5 Delayed Quote.-2.75%
BABCOCK INTERNATIONAL GROUP 815 Delayed Quote.-2.98%
HIKMA PHARMACEUTICALS 1119 Delayed Quote.-5.97%
Heatmap :