London midday: Markets rangebound after recent gains
28th Jun 2013 11:23
The FTSE 100 erased early gains by Friday lunchtime with markets rangebound on the last day of trading before the end of the second quarter, with traders pausing for breath after strong gains seen over the past three sessions. Since hitting a five-month low of 6,029 on Monday, the benchmark index h
Read moreLondon open: Gains extended into fourth day
28th Jun 2013 08:38
The FTSE 100 looked set to deliver its fourth consecutive day of gains on Friday, as it begins the final day of trading in the second quarter in a positive fashion. Since hitting a five-month low of 6,029 on Monday, the benchmark index has rebounded strongly over the past few sessions, gaining nea
Read moreFTSE 100 movers: BAE Systems, ITV, Sainsbury, Polymetal
19th Jun 2013 14:26
BAE Systems climbed the FTSE 100 ladder following reports that long-awaited orders from Gulf states for Eurofighter Typhoon jets may arrive this year. ITV advanced after the TV broadcaster announced it was acquiring a controlling stake in Thinkfactory Media, a US producer of reality, entertainment
Read moreLondon open: Stocks flat on fragile market sentiment
12th Jun 2013 09:01
The FTSE 100 was swinging between gains and losses in early trading on Wednesday as traders remained nervous amid the ongoing market volatility that has been seen over the last few weeks. "Persisting fears about impending Federal Reserve tapering of asset purchases together with the Bank of Japan's
Read moreLondon pre-open: More losses expected after markets open
12th Jun 2013 07:42
Markets are expected to pick up where they left off on Wednesday morning, extending losses after a heavy sell-off the day before. City sources predict the FTSE 100 will open down 35 points from yesterday's close of 6,340. The index fell 1.0% on Tuesday due to a combination of rising government b
Read moreBAE Systems names Roger Carr as new Chairman
12th Jun 2013 07:05
Defence, aerospace and security giant BAE Systems has named Roger Carr as its new Chairman, starting from October this year. Carr, 66, will succeed Dick Olver in the first quarter 2014, following a transition period, the company said in a statement. Carr is currently Chairman of Centrica and was
Read moreMonday newspaper round-up: Severn Trent, Japanese growth, BAE...
10th Jun 2013 06:29
The international consortium bidding for Severn Trent could walk away from the deal following a number of rejections by the utility group over recent weeks, The Times says, citing sources close to the matter. "If the Severn Trent board does not engage, no further proposals will be made," sources tol
Read moreSunday newspaper round-up: LSE, Severn Trent, Royal Mail
19th May 2013 17:41
The London Stock Exchange is considering buying a stake in Istanbul's fast-growing stock market as part of a deal that could see Turkish trades settled in the City. Borsa Istanbul has been seeking an international partner to overhaul its technology and improve the market's access to foreign investor
Read moreBroker tips: Halfords, BAE Systems, Sainsbury's
8th May 2013 13:13
Good management alongside a strong product offering makes for a potent mix. That, in essence, is the reason why analysts at J.P. Morgan have today revised their target price for Halfords to 405p from 243p before. The broker expects the retailer and car maintenance group´s upcoming strategy update
Read moreBroker snap: BAE's IMS has robust feel to it, says Jefferies
8th May 2013 11:53
BAE Systems announced Wednesday it was trading in-line with expectations in the first four months of the year. The British multinational defence, security and aerospace company also anticipates a modest rise in earnings this year, subject to US defence budgets. Analysts at Jefferies International
Read moreLondon midday: Slow grind higher continues
8th May 2013 11:41
Equities in London are continuing their slow grind higher, with the benchmark Footsie now gaining 19 points to the 6,576 point mark. That followed yesterday´s rise in the Dow Jones Industrial Average to above the 15,000 point mark for the first time in its 117 year history and stronger-than-expected
Read moreBAE Systems trading in line with expectations
8th May 2013 07:35
BAE Systems said trading has been consistent with management expectations in the first four months of the year and the outlook for earnings growth remains unchanged. The British multinational defence, security and aerospace company anticipates a modest rise in earnings this year, subject to US def
Read morePolymetal International Chief buys 100,000 shares
19th Apr 2013 08:12
The Chief Executive Officer of Polymetal International has purchased 713,750 pounds-worth of shares, just two days after the FTSE 100 mining group reported that the Mayskoye mine in Russia had produced its first dry gold concentrate. Vitaly Nesis celebrated the news with the purchase of 100,000 sh
Read moreLondon close: Stocks hit by fears over growth, US earnings
17th Apr 2013 16:50
Fears over economic growth and a raft of disappointing earnings in the States weighed heavily on global markets on Wednesday, while a number of heavyweight stocks going ex-dividend dampened the FTSE 100 in London. Bank of America (BofA) was the first major US bank to miss forecasts this earnings se
Read moreFTSE 100 movers: Tullow Oil dives on drilling plans
17th Apr 2013 14:47
Tullow Oil saw its shares drop significantly after its joints venture partner Northern Petroleum gave an update on one of its wells at its joint venture project in French Guiana. Following an announcement by Northern Petroleum, the company confirmed that the GM-ES-3 well, which to-date has had no si
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