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Latest Morningstar Equity Research

The latest research on London-traded companies such as Rio Tinto and Hikma Pharmaceuticals

Alanna Petroff 21 August, 2012 | 7:30AM

In the past week, Morningstar’s equity analysts have published new research on a variety of important FTSE companies. Click on a company ticker symbol below to see detailed stock data and information. To read the latest research on each stock, ensure you’re signed into your Premium account to access Morningstar research. (Not a Premium member? Get instant access to Morningstar research and tools when you take a free 14-day trial.)

Rio Tinto (RIO)

Even though Rio Tinto's first-half 2012 results showed a significant drop in earnings, Morningstar analyst Mark Taylor believes Rio Tinto is a world-class miner and explains that the second half of 2012 should bring performance improvements.

Read the full Morningstar research report on Rio Tinto here.

Hikma Pharmaceuticals (HIK)

The pharmaceutical company recently reported high double-digit revenue growth for the first half of 2012. Morningstar's Michael Waterhouse reviews the company's performance and discusses his opinions on each business unit within the larger business.

Read the full Morningstar research report on Hikma Pharmaceuticals here.

British American Tobacco (BATS) & Imperial Tobacco Group (IMT)

Morningstar analyst Thomas Mullarkey has published new reports explaining the major impact an Australian court ruling will have on tobacco companies around the globe.

"Australia's High Court rejected a legal challenge against the introduction of plain packaging for tobacco products. This decision makes it that much more likely that by 1 December, 2012 all cigarettes sold in Australia will come in plain olive-green packs with graphic health warnings," he writes. 

This ruling could lead to other countries introducing plain cigarette packaging in their regions, which could hurt the branding power of large tobacco companies.

However, Mullarkey believes that the plain packaging rule could also backfire on the Australian govrnment, and he explains his rationale in his report.

Read the full Morningstar research report on British American Tobacco here.

Read the full Morningstar research report on British American Tobacco here.

Standard Chartered (STAN)

Shares in the global bank have been extremely volatile in the last few weeks as the company faced the threat of having its New York banking licence revoked. The problems for the bank began when the New York State Department of Financial Services (DFS) accused the bank of helping Iranian clients launder money over a 10-year period. Morningstar banking analyst Erin Davis says the bank's recent $340 million settlement with the regulator was "good news," but risks still lurk.

Read the full Morningstar research report on Standard Chartered here.

United Utilities (UU.)

Morningstar analyst Mark Barnett believes that the company has benefited from a substantial flight to safety in recent months, which has driven its valuation well into overvalued territory. Currently, the company has a 2-Star rating.

Read the full Morningstar research report on United Utilities here.

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Securities Mentioned in Article
Security NamePriceChange (%)Morningstar
Rating
Hikma Pharmaceuticals PLC1,135.00 GBX-1.30
Imperial Tobacco Group PLC3,258.50 GBX-0.38
Rio Tinto PLC3,507.00 GBX-0.31
Standard Chartered PLC731.80 GBX-0.58
United Utilities Group PLC877.00 GBX0.23
About Author Alanna Petroff

Alanna Petroff  is a financial journalist with Morningstar UK.