London midday: Stocks fall as tensions rise after Malaysia Airlines crash
18th Jul 2014 12:07
- Markets react to shooting down of Malaysia Airlines plane - Gaza fighting also weighing on sentiment - Shire and AbbVie strike £32bn takeover deal - UK competition watchdog orders banking probe techMARK 2,787.48 -0.41% FTSE 100 6,706.45 -0.47% FTSE 250 15,448.43 -0.68% Global geopolitical tensio
Read moreFriday broker round-up UPDATE
18th Jul 2014 07:55
Barclays: Credit Suisse cuts target price from 275p to 235p retaining a neutral rating. Barratt Developments: Liberum Capital reduces target price from 468p to 387p and downgrades to hold. Bellway: Liberum Capital reduces target price from 1900p to 1764p, while leaving its buy recommendation uncha
Read moreFriday newspaper round-up: Malaysia Airlines, Times Warner, UK banks...
18th Jul 2014 07:08
The president of Ukraine has accused pro-Russia rebels in the east of the country of shooting down a Malaysia Airlines jet with a ground-to-air missile, killing all 298 people on board as the airliner exploded and rained down in fiery pieces over a rural Ukrainian village. The huge loss of life thre
Read moreThursday broker round-up UPDATE
17th Jul 2014 11:07
Antofagasta: Canaccord Genuity cuts target price from 870p to 835p and maintains a hold recommendation. African Minerals: Canaccord Genuity reduces target price from 230p to 170p and keeps a buy recommendation. Ashmore Group: Goldman Sachs downgrades to neutral with a target price of 430p. Barcla
Read moreThursday newspaper round-up: Time Warner, Shire, BMW...
17th Jul 2014 06:47
21st Century Fox, the entertainment conglomerate run by Rupert Murdoch, may have to raise its audacious $80 billion bid for Time Warner to secure the biggest media takeover since the dot-com boom. 21st Century Fox offered $86 per share in cash and shares for its rival but the approach was rejected b
Read moreFTSE 100 movers: Tobacco stocks drop on Reynolds-Lorillard tie-up
15th Jul 2014 13:49
Share prices of tobacco rivals Imperial and British American both dropped on Tuesday as investors gave a cool reaction to the planned merger between US peers Reynolds and Lorillard, which involves both UK companies parting ways with a lot of cash. As part of the deal, Imperial is to buy a portfolio
Read moreFTSE 100 movers: LSE drops on Qatar sale, Portugal fears hit banks
10th Jul 2014 15:29
London Stock Exchange was one of the worst performers on the FTSE 100 on Thursday after Qatar Investment Authority cut its 15% stake in the exchange operator by a third ahead of the UK-listed firm's planned $1.6bn rights issue to fund the acquisition of Frank Russell. Concerns about contagion from
Read moreSector movers: Banks drop on fears over Portugal's banking sector
10th Jul 2014 14:33
UK-listed banking stocks felt the brunt of the sell-off on Thursday as concerns about Portugal's financial sector prompted investors to scale back risk appetite. The retreat followed widespread pressure across European equity markets after a missed debt payment by Espirito Santo International, the
Read moreLondon midday: Stocks fall for fourth straight day as BoE holds rates
10th Jul 2014 12:20
- FOMC minutes remove taper uncertainty - BoE decides to hold policy - Burberry gains, Barratt and AB Foods give up gains - Financials and airlines fall techMARK 2,759.10 -0.83% FTSE 100 6,659.30 -0.87% FTSE 250 15,358.40 -1.23% After a slow start, UK stocks sunk sharply into the red by Thursday l
Read moreLondon open: Central banks in focus as UK stocks open flat
10th Jul 2014 08:34
- FOMC minutes remove taper uncertainty - BoE policy decision due out at noon - Burberry, Barratt and AB Foods impress - LSE drops as Qatar cuts stake techMARK 2,785.94 +0.14% FTSE 100 6,722.04 +0.06% FTSE 250 15,553.32 +0.02% UK stocks opened more or less flat on Thursday as investors kept a clos
Read moreMonday broker round-up UPDATE
7th Jul 2014 09:26
Balfour Beatty: Berenberg lowers target price from 290p to 280p and retains a buy recommendation. UBS lowers target price from 230p to 225p and keeps a neutral rating. Barclays: Citi lowers target price from 305p to 300p and keeps its sell recommendation. Clinigen: Investec cuts target price from
Read moreSunday newspaper round-up: Shire, Mothercare, Blinkx, Barclays
6th Jul 2014 17:18
AbbVie is expected to make an improved offer for Shire in the next few days after its Chief Executive Rick Gonzalez visited Shire's biggest investors in London, The Sunday Times said. Gonzalez is back in the US mulling his options after having three bid approaches turned down with the most recent va
Read moreHigh street lenders "face complaints over loan letters" - UPDATE
4th Jul 2014 14:05
High street banks have been sending out letters demanding the repayment of overdue loans under the name of in-house solicitors made to appear as third parties, a media report revealed on Friday. The letters are usually sent under a different brand name and a different address to that of the banks,
Read moreBOE sets up data-crunching team "to take wider economic view"
2nd Jul 2014 10:53
The Bank of England (BoE) is creating a "data-crunching" unit to help it form a wider picture of the UK economy, it emerged on Wednesday. The BoE has recruited former Barclays foreign exchange research chief Paul Robinson to head up a small data analysis team, news agency Bloomberg cited a spokesma
Read moreFriday tips round-up: Barclays, DS Smith
27th Jun 2014 10:38
Banks partaking of Barclays' 'dark pool' should have known the risks they were taking. To say that such trading venues are un-transparent simply does not cut it, they are supposed to be, hence the name. Even so, if the allegations brought forward by the New York state attorney-general are correct th
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