London close: Stocks lower as investors tread cautiously
31st Mar 2014 16:58
- ECB under pressure to move on rates - Stocks erase gains but near three-week highs - Copper futures lower ahead of manufacturing PMIs - Small Russian troop pull back techMARK 2,764.65 +0.09% FTSE 100 6,598.37 -0.26% FTSE 250 16,273.72 +0.57% UK stocks ended the day slightly lower as investors op
Read moreFTSE 100 movers: Babcock gains on nuclear contract
31st Mar 2014 14:00
Babcock International Group was the top riser on Monday after confirming the UK government has chosen the engineering company to manage the decommissioning of 12 nuclear sites. Rio Tinto and Anglo American gained after Credit Suisse named the companies as its top picks in the metals and mining sec
Read moreLondon midday: Gains erased after Eurozone inflation data
31st Mar 2014 11:37
- Eurozone CPI surprises to the downside - Stocks erase gains but at three-week high - Babcock gains on nuclear contract - Anglo, Rio lead miners higher after Credit Suisse comments techMARK 2,764.82 +0.09% FTSE 100 6,621.96 +0.10% FTSE 250 16,225.36 +0.27% UK stocks had erased gains by Monday lun
Read moreUK names Babcock as preferred bidder for nuclear contract - UPDATE
31st Mar 2014 11:09
The Cavendish Fluor Partnership has been selected as the preferred bidder to take ownership of Magnox Ltd. And Research Sites Restoration, the site-licence companies for 12 nuclear sites in the UK, Babcock has announced. The formal award of the contract is planned for September 1st 2014. The cont
Read moreSunday share tips: Babcock, Electrocomponents, easyJet
30th Mar 2014 15:27
The fall in engineering company Babcock's share price is overdone, Danny Fortson argued in his Inside the City column in the Sunday Times. The fall was partly because of the rights issue to pay for the takeover of helicopter operator Avincis but investors also think Peter Rogers, Babcock's Chief Exe
Read moreFriday tips round-up: Babcock, London Stock Exchange
28th Mar 2014 09:21
There is a risk that Babcock may have bitten off more than it can chew with its takeover of Avincis. Just when some thought that talks between the two firms might have gone cold they announced a full take over, instead of just the purchase of a 50 per cent stake. As well, some believed that in the e
Read moreLondon close: Stocks finish in the red as miners, banks, Crimea drag
27th Mar 2014 16:59
- FTSE closes 16.98 points lower at 6,588.32 - Feb UK retail sales rise by more than expected - US jobless claims fall more than expected techMARK 2,763.04 -0.70% FTSE 100 6,588.32 -0.26% FTSE 250 16,202.17 -0.31% Stocks ended Thursday's session broadly lower as both the banking and mining sectors
Read moreFTSE 100 movers: Aberdeen slides after target price cut
27th Mar 2014 15:05
Aberdeen Asset Management declined on the back of Credit Suisse's decision to cut its target price on the stock from 470p to 415p, reiterating its 'neutral' rating. WPP climbed after announcing its fourth acquisition of the week. Today saw the group reveal that its wholly-owned operating company,
Read moreBroker tips: Miners, Babcock, Compass...
27th Mar 2014 12:58
Jefferies has lowered its earnings forecasts and target prices across the UK-listed mining sector and cut its rating for Glencore Xstrata, recommending investors to stick with top picks Rio Tinto and BHP Billiton. "Chinese demand growth for commodities is unlikely to accelerate without aggressive s
Read moreLondon midday: Blue chips fall as Crimea concerns hit markets
27th Mar 2014 12:09
- Crimea concerns hit markets after Obama warning - Banks, miners provide a drag - Babcock drops after Avincis deal, Tullow disappoints - Ofgem report weighs on utilities techMARK 2,770.56 -0.43% FTSE 100 6,571.17 -0.52% FTSE 250 16,206.99 -0.28% The UK stock market retreated from a two-week high
Read morePanmure highlights concerns with Babcock's Avincis deal
27th Mar 2014 10:23
Panmure Gordon has retained its 'hold' recommendation and 1,350p target price for Babcock, highlighting the pros and cons of the engineering group's acquisition of helicopter services provider Avincis. Babcock announced that it is to pay £920m for the private equity-owned firm and will assume its n
Read moreThursday broker round-up UPDATE
27th Mar 2014 09:02
Aberdeen Asset Management: Credit Suisse reduces target price from 470p to 415p maintaining a neutral rating. Acta: Cantor Fitzgerald reinstates with a target price of 13p (prev.: 16p) and a buy recommendation. African Minerals: Jefferies cuts target price from 300p to 250p and retains a buy recom
Read moreLondon open: Stocks track losses on Wall Street
27th Mar 2014 08:30
- FTSE 100 pulls back from two-week high - Babcock drops after acquisition, Tullow disappoints - Utilities fall after Ofgem report - UK and US data on tap today techMARK 2,770.54 -0.44% FTSE 100 6,567.22 -0.58% FTSE 250 16,203.40 -0.30% Falls from Babcock, Tullow Oil and utility stocks were weighi
Read moreLondon pre-open: UK stocks set to track declines in the US
27th Mar 2014 07:40
The Footsie is set for a negative start to today's session following a flat finish yesterday after US President Barack Obama denounced Russia's actions in Crimea and ahead of data out both Stateside and in the UK. City sources predict the top tier index will open around 30 points lower than yester
Read moreBabcock agrees 1.63bn pound deal for helicopter group Avincis
27th Mar 2014 07:09
- Will pay 920m pounds - Will assume 705m pounds of debt - Deal to be earnings accretive in first full year After long negotiations that became public in November, engineering group Babcock has finally agreed to acquire helicopter services provider Avincis for 920m pounds. The FTSE 100 company, wh
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