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

Indicative prices
FTSE 100 (F100)
Mes dernières consult.
Most popular
Real-time Quote. Real-time Commerzbank - 08/22 02:54:05 pm
7378.1 PTS   +0.76%
02:47pDJStocks Bounce After Extended Selloff
01:06pDJStocks Bounce After Extended Selloff -- 3rd Update
12:59pDJEUROPE MARKETS : European Stocks Set To Snap Losing Streak As Miners..
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
02:47pDJStocks Bounce After Extended Selloff
01:06pDJStocks Bounce After Extended Selloff -- 3rd Update
12:59pDJEUROPE MARKETS : European Stocks Set To Snap Losing Streak As Miners Jump
10:51aDJEUROPE MARKETS : European Stocks Set To Snap Losing Streak As Miners Jump
10:46a Miners bolster European shares, Provident Financial plummets
10:21aDJLONDON MARKETS : FTSE 100 Led Higher By Miners As Provident Plunges Almost 60%
08:42aDJAntofagasta Raises Dividend on Strong 1st Half Earnings
08/21 FTSE teeters close to three-month low as financials fall
08/21DJLONDON MARKETS : FTSE 100 Slips As Renewed U.S.-North Korea Tensions Prompt Caut..
08/21DJEUROPE MARKETS : European Stocks End Lower, But Fiat Chrysler And Maersk Shine
More news
News of the components of FTSE 100
02:48p DIAGEO : UNITAR and Diageo India bring global experts to Delhi to combat drink d..
02:43p ROLLS ROYCE : Altair Engineering Ltd Announces Award of Innovate UK Grant to Col..
02:28p BP : Oil companies social initiatives expenditures up 4-fold in Azerbaijan
02:27p BP : Rosneft to Double Essar Refining Capacity
02:24p VODAFONE : CTU promises action on mobile data charges
02:17p RELX : LexisNexis withdrew two products from Chinese market
02:16pDJSHIRE PLC SHIRE PLC : Director/Pdmr Shareholding
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
BHP BILLITON PLC 1415.5 Delayed Quote.3.62%
TESCO 182.75 Delayed Quote.3.28%
RIO TINTO 3554 Delayed Quote.2.85%
ANTOFAGASTA 980 Delayed Quote.2.67%
COCA COLA HBC AG 2605 Delayed Quote.2.20%
DIXONS CARPHONE 244.7 Delayed Quote.-0.81%
IMPERIAL BRANDS 3168 Delayed Quote.-0.85%
J SAINSBURY 235.2 Delayed Quote.-1.01%
CAPITA 647.5 Delayed Quote.-1.75%
PROVIDENT FINANCIAL 589 Delayed Quote.-66.25%
Heatmap :