Shares News

Why Amazon remains Morgan Stanley analysts’ top megacap pick ahead of earnings featured picture

Why Amazon remains Morgan Stanley analysts’ top megacap pick ahead of earnings

Booming cloud services and improving profits from its US marketplace are key reasons why Amazon (AMZN:NASDAQ) is the top megacap pick for analysts at investment bank Morgan Stanley. According to Morgan Stanley, which raised its target for Amazon stock to $240, investors can expect strong growth from its cloud computing infrastructure leader Amazon Web Services (AWS). They reckon AWS needs to gr...
Events group Ascential jumps after agreeing £1.2 billion takeover by rival Informa featured picture

Events group Ascential jumps after agreeing £1.2 billion takeover by rival Informa

After a remarkable start to the year in terms of shareholder returns, investors in events and analysis firm Ascential (ASCL) woke to the news today that the board had agreed a £1.2 billion conditional bid for the company from rival Informa (INF). Ascential shares jumped 116p or 26% to 563p, just shy of the 568p per share cash offer and an all-time high on an adjusted basis after factoring in M...
Reckitt Benckiser rallies as reorganisation plan pleases long-suffering investors featured picture

Reckitt Benckiser rallies as reorganisation plan pleases long-suffering investors

Shares in Reckitt Benckiser (RKT) rallied 4% to £45.86 after the consumer goods powerhouse unveiled plans to sell a raft of non-core homecare brands and said it was reviewing options for its troubled infant formula business. In a similar strategy to many of its rivals including Unilever (ULVR), Reckitt is now planning to streamline and focus on the brands which have the best opportunities. The...
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