Reckitt Benckiser saw revenues rise to £13.2bn in 2021 as the Dettol-maker found a big demand for products over the pandemic.
Revenues rose 3.5% and good strength in the hygiene division of products.
Chief executive Laxman Narasimhan said he was confident in sustained growth. He said: “Over the last two years, we’ve significantly strengthened our business.
“Our innovation pipeline is 50% larger, our brands are stronger and more relevant, and our ability to serve our customers and consumers is greatly improved.”
“We’ve taken Reckitt’s strong performance-driven culture, with its unique sense of ownership, and are evolving it for the better. We’ve also been active in managing our portfolio, repositioning for faster growth.”
Flexible automotive connectors supplier Strip Tinning has built up a solid market share in its core European market and there is significant growth potential from the electric vehicles market. The £6.8m raised in the flotation will help to finance electric vehicle-focused product development and capital investment.
Estimated 2021 revenues were £11.1m, which is higher than the previous peak in 2019. The outcome could have been better without component shortages hampering vehicle production. New contract wins will start to build up production rates this year and reach normal annual levels in 202...
Clean Power Hydrogen has floated on AIM to further develop and commercialise its membrane-free electrolyser technology. The MFE220 has been developed and the MFE440 is being designed and could be completed by the end of 2023. There are potential orders for more than 160MW of electrolysers and management wants to invest in its global marketing programme.
There are plans for a vertically integrated acquisition that could improve its supply chain efficiency. The quotation will help the company finance any deal and the cash raised will also fund working capital and patent protection.
The share pri...
Franchise Brands (LON: FRAN) has launched a recommended all share bid for kitchen services provider Filta Holdings (LON: FLTA) at a time when the target is set for a profit bounce back. This looks a good fit for Franchise Brands.
The offer is 1.157 shares for each Filta share. Franchise Brands shares were trading at 147.5p each, so Filta was valued at 170.7p a share, capitalising the company at £49.8m. The share price has not been that high since last summer. The Franchise Brands share price fell to 142.5p, so that cuts the value of the bid to 165p.
Management and related parties own the major...
Alan Green joins the Podcast for our weekly instalment of UK equities and key market themes.
As the Ukrainian-Russia crisis subsides, we look at whether the crisis was ever a real crisis and what it could mean for markets going forward.
With rampant inflation and the uncertainty surrounding a Russian invasion providing what should be the perfect recipe for a flight to the safe haven of gold, we explore what has happened to the yellow metal and why it has barely moved over the past two years and gained only 4% in the past decade.
Returns, Last 10 Years… Bitcoin $BTC: +946,088% Tesla $TSLA: +13,029% NVIDIA $NVDA: +6,393% Netflix $NFLX: +2,166% Amazon $AMZN: +1,525% AMD $AMD: +1,465% Domino's $DPZ: 1,453% Microsoft $MSFT: +1,092% Apple $AAPL: +977% Google $GOOGL: +783% S&P 500 $SPY: +291% Gold $GLD: +4%
Greatland Gold has discovered a world-class gold asset in the Haverion project but positive update after positive update has not been enough to see any sustained move in Greatland shares. Why look at what needs to happen to get the Greatland Gold share price moving.
Technology Minerals has received a bullish 7p price target in a research note by Arden Partners. With shares trading at 3.7p, we dig into the business and their circular economy operations.
SulNOx provides responsible solutions towards the decarbonisation of liquid hydrocarbon fuels and has expanded its mission to the motorsports industry with a strategic partnership.
SulNOx has partnered with the Legends Cars National Championship 2022 with all cars racing in the championship using SulNOx solution to reduce their emissions.
The SulNOx brands and products will also be promoted at the events through a liveried car during the coming season.
“This is our first foray into motorsport, and we are very excited about it. Our products have a huge potential to significantly reduce the environmental impact of the sport, and we hope other parts of the motor racing industry will sit up and take notice,” said Ben Richardson, Chief Executive at SulNOx Group.
SulNOx Green Technology
Despite an EV boom reducing emissions from cars in the developed world, there will continue to be high levels of emissions emitted by countries that can’t quickly afford a shift to electric vehicles, as well as the freight and travel industries.
It will take a monumental effort over decades to markedly reduce emissions across all industries and SulNO is well placed to help companies reach Net Zero targets during this period.
SulNOx is setting about tackling this problem and reducing emissions with additives that emulsify water and increase lubricity and oxygen, therefore making fuel burn cleanly and more efficiently. Their technology also has applications in the food industry.
The company is listed on the AQUIS exchange having floated in 2022.
The average cost of a house in the UK has reached £274,712 according to the Office for National Statistics.
House prices continue to grow as the cost of a home increased by 0.8% between November and December and 10.8% over the whole year.
Experts are now suggesting the rate of growth is likely to slow over 2022.
“While the scales of supply and demand remain firmly tipped in favour of the nation’s home sellers, there’s a good chance that the high rate of house price growth seen during the pandemic will now subside, replaced by more incremental gains during the year ahead,” said Michael Bruce, CEO and founder of Boomin.
According to the AA, diesel hit 151.57p a litre last week, which is a new record while petrol hit 148.02p a litre.
RAC’s fuel spokesman Simon Williams said: “With the oil price teetering on the brink of $100 a barrel and retailers keen to pass on the increase in wholesale fuel quickly, new records could now be set on a daily basis in the coming weeks.”
“On a positive note, retailer margins – which were the reason drivers paid overly high prices in December and January – have now returned to more normal levels of around 7p a litre.”
Oil prices hit their highest level since 2014 on Monday and reached $95.56 a barrel. Oil prices may continue to rise if the situation in Ukraine continues to worsen.
As well as fuel, other household goods are also soaring as UK inflation is now at a 30-year high of 5.4%.
Nyetimer has reported record sales for the past year.
The sparkling wine giant posted a 55% growth in sales. The group is on a positive trajectory and hopes to produce 2m bottles by 2030. Nyetimber growth in Europe surged by 89%.
“Demand for Nyetimber continues to grow not just in the UK but internationally as well,” said Eric Heerema, CEO of Nyetimber.
“It is so satisfying to see the ever-increasing number of enthusiastic consumers appreciating the expertise, hard work and commitment that goes into making each and every bottle of our wine.
“I am delighted to see Nyetimber, and the industry, continue to grow with such encouraging momentum.”
Deal values doubled in 2021, according to the latest report from consultancy Beauhurst. The Deal 2021 covers equity investment in private UK companies, and it says that there was £22.7bn raised in 2022 from 2,679 deals and there are still unannounced deals that could increase the figures.
The combined amounts raised in 2019 and 2020 is only slightly more than the total for 2021. The 2020 figure was boosted by investments by the government’s Future Fund, which was managed by the British Business Bank and closed in January 2021. There was no specific mention of this fund in the 2021 report.
Ther...
