London pre-open: Stocks expected to surge after gains on Wall Street
19th Dec 2014 07:39
UK stocks were expected to rise strongly again on Friday after an impressive performance on Wall Street, with the Dow Jones index registering its biggest one-day gain in three years. City sources predict the FTSE 100 will open 70 points higher than Thursday's close of 6,466. The UK index has now ris
Read moreBritish American Tobacco pays $575m to settle legacy asbestos litigation
19th Dec 2014 07:22
British American Tobacco (BAT) is to pay out $575m to settle a legacy litigation case with a company involved in the production and sale of asbestos-containing products in the 1980s. BAT said on Friday that its subsidiary, Imperial Tobacco Canada, has reached an agreement with US group Flintkote for
Read moreBritish American Tobacco announces management shake-up
20th Nov 2014 08:09
The managing director of British American Tobacco's (BAT) business that develops e-cigarettes and nicotine inhalation products, Des Naughton, has decided to step down to focus on "new business opportunities", the cigarette maker said on Thursday. Naughton, who ran the Nicoventures business, will lea
Read moreFriday newspaper round-up: Asda, British American Tobacco, BT...
13th Nov 2014 17:29
Asda has accused its rivals of being "desperate" and misleading customers with price gimmicks, the Daily Telegraph reported on Friday. Barry Williams, one of the supermarket chain's most senior executives, said Asda's traditional rivals were feeling "chirpy, chirpy not cheap, cheap", as they vowed t
Read moreTobacco firms launch legal bid against EU regulations
3rd Nov 2014 17:00
Philip Morris International (PMI) and British American Tobacco (BAT) have launched a legal bid to have new European Union (EU) health warnings and a ban on menthol cigarettes overturned. PMI and BAT, the two biggest tobacco firms in the world, received the backing of companies such as Imperial Tobac
Read moreThursday broker round-up UPDATE
23rd Oct 2014 08:33
Abcam: FinnCap moves target price from 390p to 400p keeping a hold recommendation. Anglo American: Investec places its target price (prev.: 1603p) under review keeping its buy recommendation. Arbuthnot: Numis raises target price from 1150p to 1300p upgrading from hold to add. British American Taba
Read moreThursday tips round-up: British American Tobacco, Plus500
23rd Oct 2014 06:58
Reported revenues at British American Tobacco dropped by 9.6% over the first nine months of the year as the value of sales was hit by a strong pound and volumes dropped 3%. That should however have already been known to the market. What may not have been accounted for yet and which would explain yes
Read moreLondon close: Markets up on positive company news
22nd Oct 2014 17:04
The London market closed in positive territory for the second time this week as traders weary of negative economic news took heart from upbeat corporate results. The FTSE 100 Index ended the session 27.4 points ahead at 6399.73 as drug group GlaxoSmithKline pleased investors with news of higher earn
Read moreLondon midday: UK stocks flat amid central-bank speculation
22nd Oct 2014 11:42
UK stocks were broadly flat on Wednesday morning after jumping to a one-week high the previous session, as investors reacted to ongoing central-bank speculation and digested mixed corporate earnings. The FTSE 100 was down 0.05% at 6,369 by midday, with results from the likes of British American Toba
Read moreLondon open: UK stocks slip as investors await MPC minutes
22nd Oct 2014 08:50
UK stocks opened with small losses on Wednesday as investors paused for breath following a surge the previous session. The FTSE 100 was trading 0.2% lower at 6,360 in early deals. London's benchmark index jumped 1.7% to a one-week closing high of 6,372 on Tuesday on reports that the European Centra
Read moreLondon pre-open: FTSE to track gains in Asia ahead of BoE minutes
22nd Oct 2014 07:37
UK stocks are set to continue higher in Wednesday's session following a strong performance in Asia overnight, thanks in part to positive data out from Japan and Australia. City sources predict the FTSE 100 will open around 22 points higher than Tuesday's close of 6,372.33. "European markets will lo
Read moreBritish American Tobacco revenue growth slows in third quarter
22nd Oct 2014 07:04
Revenue growth slowed in the third quarter at British American Tobacco as depressed consumer income met large tax-driven price rises, although volumes improved from 'Global Drive Brands' such as Pall Mall and Rothmans. The volume of cigarettes sold also worsened between July and the end of September
Read moreFTSE 100 movers: Tullow Oil and travel stocks lead downside
10th Oct 2014 15:45
Oil and gas group Tullow Oil was firmly in the red after the company said that the Sputnik-1 well on its part-owned Arouwe block offshore Gabon has found "non-commercial" hydrocarbons. Travel and leisure peers TUI Travel, Carnival and IAG were all registering losses as concerns about the Ebola crisi
Read moreLondon midday: UK stocks on track for lowest close in over a year
10th Oct 2014 11:38
UK stocks dropped sharply on Friday as fears about the global economy and the Ebola crisis continued to weigh heavily on market sentiment. After closing at its lowest level of the year on Thursday, the FTSE 100 was down a further 1.4% at 6,345 by Friday lunchtime as travel, leisure and mining stocks
Read moreFriday broker round-up UPDATE
10th Oct 2014 09:42
British American Tobacco: Goldman Sachs reduces target price from 3530p to 3250p downgrading to sell. Brown (N) Group: UBS cuts target price from 490p to 445p leaving its buy recommendation unchanged. Diageo: Goldman Sachs reduces target price from 2030p to 1925p and keeps a neutral rating. Dixons
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