Unilever, the household goods giant responsible for Pot Noodle and Lynx aftershave, could struggle to deliver margin progression in 2010, worries Nomura.
The Japanese broker says the competitive and consumer environment is getting no easier, input cost pressures are returning and there's a need to further increase advertising and promotional (A&P) support to sustain volume growth.
Cost savings and input cost benefits for the fourth quarter were 830 basis points (bps), but Nomura thinks this falls to 115 bps by the end of 2010.
It keeps its 'reduce' stance on the Anglo-Dutch group.
Stockbroker tips from ShareCast
Broker snap: Margins a worry for Unilever
Recent articles
-
Broker snap: Peel Hunt keeps hold of GAME
Fri 03 February 2012 11:15 -
Broker snap: Sell Misys, says Merchant Securities
Fri 03 February 2012 11:23 -
Broker tips: BT, Misys, GAME
Fri 03 February 2012 11:27 -
Broker snap: BT building momentum, says Nomura
Fri 03 February 2012 09:31 -
Friday broker round-up - UPDATE
Fri 03 February 2012 09:55
Stockbroker tips: Most read
-
Broker tips: Oil stocks, Diageo, AB Foods
Fri 20 January 2012 11:52 -
Broker tips: Chemring, Thomas Cook, Retailers
Tue 24 January 2012 11:40 -
Broker snap: IMI, Hunting, Rockhopper
Mon 23 January 2012 11:29 -
Broker tips: N. Brown, Aveva, Max Petroleum
Fri 27 January 2012 11:31 -
Broker tips: ARM, Whitbread, Premier Oil
Mon 30 January 2012 11:25
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
Market latest
FTSE 100 | FTSE 250 | All Share
| FTSE 100 | 5,901.07 |  |
+1.81% |
| FTSE 250 | 11,235.15 | |
+1.34% |
| FTSE All Share | 3,047.42 | |
+1.73% |
| Dow Jones | 12,862.23 | |
+1.23% |
| NASDAQ | 2,905.66 | |
+1.61% |
| Xetra DAX | 6,766.67 | |
+1.67% |
| Paris CAC 40 | 3,427.92 | |
+1.52% |
| Nikkei 225 | 8,831.93 |  |
-0.51% |
| Hang Seng | 20,756.98 | |
+0.08% |
Hang Seng disclaimer l Prices delayed by at least 15 minutes
FTSE 100
| Admiral Group | 1038.00 | |
+7.90% |
| Man Group | 136.70 | |
+7.81% |
| Smiths Group Plc | 1017.00 | |
+5.94% |
| Lloyds Banking Group plc | 34.39 | |
+5.07% |
| ITV plc | 79.35 | |
+4.75% |
| Petrofac | 1474.00 | |
-1.40% |
| BG Group plc | 1425.00 | |
-0.49% |
| Polymetal International plc | 1165.00 | |
-0.43% |
| Randgold Resources | 7400.00 | |
-0.27% |
| Royal Dutch Shell Plc | 2261.00 | |
-0.18% |
| Lloyds Banking Group plc | 309,113,680 |
| Royal Bank of Scotland | 130,453,278 |
| Vodafone Group Plc | 128,243,037 |
| Barclays plc | 59,662,740 |
| BT Group plc | 33,853,130 |
Articles on the economy and stock markets
Inflation falls at last
Wed 18 January 2012
With inflation finally falling, what does this mean for the economy and for investors? Ben Yearsley, Investment Manager discusses.
Where to invest in a recession
Tue 17 January 2012
It doesn't take an economist to see that the economic picture is fragile. But how bad are things likely to get, and what does it mean for investors? Ben Brettell, Economics Editor, examines the evidence.
Where to invest in 2012
Fri 13 January 2012
2012 starts where 2011 left off - with a huge degree of uncertainty for investors. Mark Dampier shares his thoughts on areas which could prosper this year.