FTSE 100 movers: BG Group soars on Shell takeover, Sky gains on Vivendi rumours
8th Apr 2015 14:49
Shares in BG Group rocketed 32% on Wednesday after its board recommended a £47bn takeover offer from Shell. The bid values BG at around 1,350p per share, a 50% premium to its closing price of 910.4p on Tuesday. If the transaction completes, BG shareholders will be left with a 19% stake in the enlarg
Read moreFTSE 100 movers: Kingfisher surges as French acquisition falls through, miners higher
30th Mar 2015 13:29
Kingfisher surged after revealing its deal to acquire French rival Mr Bricolage will not go ahead as a result of shareholder and board opposition to the terms of the deal. Some Mr Bricolage franchisees are thought to fear the store closures that would be necessary for Kingfisher to win regulatory ap
Read moreLondon close: Stocks higher as focus shifts towards Greece
19th Mar 2015 17:30
UK equities registered slight gains as traders digested the policy announcement issued by the US Federal Reserve overnight and despite the renewed tensions evident in Greek funding markets. The Footsie ended the day 17 points higher at 6,962.32, with some effects from Wednesday's Budget from Chancel
Read moreLondon midday: FTSE crawling higher as Fed and Budget digested
19th Mar 2015 11:48
Come midday on Thursday, stocks were registering slight gains as traders digested the policy announcement issued by the US Federal Reserve overnight, but volatility was still evident in other asset classes such as foreign exchange and commodities. At 12.25 the top flight index was 5.8 points higher
Read moreLondon open: Footsie edges higher after Fed decision
19th Mar 2015 08:49
The Footsie began the morning higher as traders digested a surprisingly dovish set of macroeconomic projections from the US Federal Reserve overnight which set off sharp moves in all asset classes. At 09:15 the top flight index was 16 points higher at 6,961.30. As expected, the US central bank omit
Read moreARM Holdings predicts sharp rise in market share in servers
19th Mar 2015 07:50
Chip designer ARM Holdings's market share in servers may reach 20% by 2020, versus less than 1% at present, the company has reportedly said. The London-listed outfit was scheduled to make a presentation at today's Bank of America Merrill Lynch Technology & Beyond Conference, in Taiwan.
Read moreTuesday broker round-up
10th Mar 2015 11:53
Pearson: Barclays reiterates equal-weight recommendation and keeps target at 1,405p. UBM: Westhouse Securities takes target to 599p from 552p but reiterates add. ARM Holdings: Citi keeps at buy with a 1,35p target price. Kaz Minerals: Jefferies shaves target to 250p from 275p and reiterates hold.
Read moreApple suppliers hit by reported iPad production delay
5th Mar 2015 14:48
Companies that supply components to Apple have reportedly been warned of a delay to production of its new larger-screen iPad tablet. The technology giant told suppliers its intended first-quarter start date had been pushed back to the second half due to the integraton of new features, according to s
Read moreThursday tips round-up: ARM Holdings, Telecity
12th Feb 2015 17:04
The outlook for chip designer ARM Holdings is better than some would make it out to be, although there are arguments both in favour and against the company. With an 85% market share in mobile - most smartphones and tablets are powered by its intellectual property - the company has a solid grip in it
Read moreFTSE 100 movers: Tullow plummets on suspended dividend, BT higher on Premier League rights
11th Feb 2015 14:03
Tullow Oil topped the fallers after deciding to suspend its final dividend for 2014, as the exploration and production company swung to a loss of over $2bn on the back of hefty impairment charges and exploration write-offs. "2014 was a difficult year for our industry and a challenging one for Tullow
Read moreBroker tips: Tullow Oil, Sky, ARM Holdings
11th Feb 2015 11:43
Tullow's dividend suspension may have caught some investors by surprise on Wednesday, though analysts at Barclays hailed the decision, keeping an 'overweight' position on the oil group. The bank said the move to suspend the decision was "pragmatic" given the company's current capital commitments, wh
Read moreInvestec puts 'buy' rating on ARM Holdings under review, further catalysts needed
11th Feb 2015 11:01
ARM Holdings exceeded forecasts on Wednesday with its fourth-quarter results and consensus estimates are expected to rise, though a more subdued outlook has prompted broker Investec to place its 'buy' rating under review. The chip designer said revenues grew 18% year-on-year in dollar terms to $357.
Read moreLondon open: Markets subdued as investors await Greek developments
11th Feb 2015 08:25
UK stock markets opened slightly lower on Wednesday, falling for the fourth straight day as investors awaited news flow from Greece. London's FTSE 100 was down 0.15% at 6,819 early on. All eyes will be on the emergency meeting of Eurogroup finance ministers on Wednesday, where Greece's Yanis Varouf
Read moreARM Holdings enjoys record fourth quarter from chip licences
11th Feb 2015 07:51
Chip designer ARM Holdings enjoyed a strong finish to 2014 with its best-ever quarterly revenues as a record number of licences were signed, many by new customers, which would be expected to flow through to future royalty revenues. Group revenues grew 18% year-on-year in dollar terms to $357.6m in t
Read moreTuesday preview: ARM Holdings, Ocado report
2nd Feb 2015 16:35
Chipmaker ARM Holdings on Tuesday is expected to report an increase in fourth quarter earnings and revenues, supported by sales in the smartphone market. Numis predicts earnings before interest and tax (EBIT) of £111m, compared to £92m the previous year. Revenue is forecast to increase to $346m from
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