FTSE 100 movers: supermarkets, tobacco and mining stocks rebound
3rd Jun 2015 13:24
UK stocks were trading higher on Wednesday afternoon, led by gains in the construction, food retail and engineering sectors. As of 14:30 BST, the FTSE 100 was trading 0.46% points higher at 6,960. Morrisons and Sainsbury extended gains, following Tuesday's positive sentiment from Kantar Worldpanel,
Read moreLondon close: Stocks lower on mixed messages from Greece
2nd Jun 2015 16:00
London stocks closed slightly lower on Tuesday, as mixed messages from Greece extended investor uncertainty. At close, the FTSE 100 was 0.36% lower at 6,928.27. Reports that Greece's creditors had agreed on proposals circulated early in the afternoon, although Dutch Finance Minister Jeroen Dijsselb
Read moreFTSE 100 movers: British American Tobacco fizzles, metals miners strong
2nd Jun 2015 14:00
London stocks dipped on Tuesday afternoon, as investors kept a close eye on developments in Greece and tobacco, property and utility stocks dragged. As of 15:00 BST, the FTSE 100 was trading 0.33% lower at 6,930.47 British American Tobacco topped the fallers after a class-action lawsuit in Canadafo
Read moreBATS earnings face 7% fall from Canadian lawsuit but full penalty unlikely, says Nomura
2nd Jun 2015 10:46
Commenting on news that a Canadian court has hit the subsidiaries of British American Tobacco, Philip Morris International and Japan Tobacco International with around C$15.6bn (£8.2bn) in fines, Nomura said BATS has the most to lose, although it's unlikely the full payment will be made. "If the full
Read moreTuesday broker round-up
2nd Jun 2015 07:57
British American Tobacco: JP Morgan reiterates overweight and 4,100p target price. Royal Mail: JP Morgan reiterates neutral stance. Playtech: JP Morgan reiterates buy. Henderson Group: UBS reiterates neutral stance and 275p target. Prudential: UBS reiterates buy recommendation and 1,950p target.
Read moreCourt slaps British American Tobacco's Canadian arm with £5.4bn fine
2nd Jun 2015 07:08
A class-action lawsuit in Canada has ruled that British American Tobacco and two other cigarette makers should pay a combined C$15.6bn (£8.2bn) to smokers in "moral and punitive damages", the largest legal award in Canadian history. With BATS' wholly owned Canadian subsidiary, Imperial Tobacco Canad
Read moreLondon pre-open: FTSE set for slight drop amid default fears, weaker Asia
2nd Jun 2015 07:08
Weak trading in Asia overnight and mounting concerns about a Greek default look set to nudge the top tier index into negative territory at Tuesday's opening bell. City sources predict the FTSE 100 will open around 8-9 points lower than Monday's close of 6,953.58. Making headlines early on is HSBC,
Read moreTuesday newspaper round-up: Greece, British American Tobacco, HSBC
2nd Jun 2015 06:41
Greek banks are at "five minutes to midnight", Germany's Bundesbank has warned, raising the prospect of capital controls to stem a haemorrhage of deposits if the government cannot strike a deal with creditors imminently. Andreas Dombret, an executive board member of the German central bank, urged ne
Read moreBritish American Tobacco to acquire TDR for €550m
1st Jun 2015 08:02
British American Tobacco said on Monday that it had signed an agreement to acquire TDR d.o.o. and other tobacco and retail assets from Adris Grupa for a total enterprise value of €550m. By combining its existing business in the region with TDR - the leading independent cigarette manufacturer in Cent
Read moreSector Movers: Miners, foods retailers send London market lower
29th May 2015 15:47
London market slipped back into the red on Friday trading, with miners and food retailers bearing the brunt of the selloff. The FTSE 100 came in at 6984.43 down 0.80% or 56.49 points, as traders indulged in an end of the week profit taking spree as Thursday's gainers in the shape of bankable tobacco
Read moreSector movers: Construction, tobacco and insurance stocks lead London Market higher
27th May 2015 15:39
Construction, insurance, and tobacco shares led the London market back in to the green on Wednesday, despite the overhang of Greece's debt crisis lurking in the background. The FTSE 100 closed up 1.24% higher at 7,034.9 recouping losses from the previous session where it shed 1.2%. The Queen's speec
Read moreLondon close: Stocks hit two-week high as blue chips rise
22nd May 2015 16:36
UK stocks reached a two-week high on Friday on the back of decent performances from heavyweights Vodafone and HSBC, along with gains in defensive categories such as pharmaceuticals. Markets across Europe were struggling to push higher on concerns about Greece, while Wall Street opened in the red on
Read moreSector movers: Tobacco, financial stocks tumble as market retreats from election highs
12th May 2015 15:04
Most sectors were in the red as the London market pulled back from post-election highs on Tuesday with the FTSE 100 back below the 7,000 mark. At 15:51 BST, the blue chip index was trading down 103.87 points or 1.48% at 6925.98, with the bounce received from the election of a Conservative majority g
Read moreSector movers: Metals, telcos shares lead London market higher
6th May 2015 11:38
Metals, mobile telecommunications and big tobacco stocks were among the few sectors to trade higher in pre-election trading on the London Stock Exchange on Wednesday. The FTSE 100 closed up 6.16 points or 0.09% at 6,933.74, rebounding slightly after settling at a one-month low the previous session.
Read moreBroker tips: RBS, British American, Shell, RPS Group
30th Apr 2015 11:51
A quick reaction note from Bernstein on Royal Bank of Scotland praised a "strong beat" on operating expenses and lower restructuring costs than it expected, with its 'outperform' rating maintained and target price moved to 450p. Delivering its investment case, Bernstein said that once the restructur
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