London open: Sell-off continues as UK stocks fall
10th Oct 2014 08:20
The selling pressure continued on Friday morning as UK stocks opened at their lowest levels over the year, with ongoing concerns about the global economy sparking further volatility across equity markets. The post-Federal Reserve minutes bounce proved short-lived on Thursday, as early gains were qui
Read moreWoodford sells stake in Reckitt Benckiser
7th Oct 2014 18:12
Woodford Investment Management has added to its core holdings in British American Tobacco and G4S in its portfolio but announced it had sold down its stake in Reckitt Benckiser. Speaking about its decision to sell stakes in the multinational consumer goods company, which had been part of the fund fo
Read moreBATS reshuffles board ahead of marketing director's exit
27th Aug 2014 10:50
British American Tobacco's group marketing director, Jean-Marc Levy, has announced his intention to leave the company after 21 years at the end of the year. Levy will first be appointed to the role of director of special projects at the start of September, at which point he will be replaced by And
Read moreLondon close: FTSE drops on BoE minutes, ex-divis, Fed minutes
20th Aug 2014 16:59
- FTSE closes down 23.83 at 6,755.48 - BoE's MPC votes 7-2 - Focus turns to Fed minutes techMARK 2,796.77 -0.15% FTSE 100 6,755.48 -0.35% FTSE 250 15,748.92 -0.92% London's blue chips dropped into the red on Wednesday, hit by a combination of Bank of England (BoE) minutes, ex-dividends, and a degr
Read moreFTSE 100 movers: CRH continues to fall after interim results
20th Aug 2014 15:59
One of Wednesday's biggest fallers was building materials group CRH, which has seen shares fall since delivering its interim results on Tuesday morning. The company said the sector had had an "encouraging" start to the year, but that it had been trading against a backdrop of "modest, if mixed recove
Read moreLondon midday: UK stocks retreat on rate-hike uncertainty
20th Aug 2014 12:00
- MPC split on rate decision for first time since 2011 - FOMC minutes due out after the close - Ex-dividend stocks, Balfour Beatty weigh on market - Beverage shares hit by Carlsberg results techMARK 2,798.96 -0.07% FTSE 100 6,752.88 -0.39% FTSE 250 15,794.83 -0.63% UK equities retreated from a thr
Read moreLondon open: Stocks snap five-day win streak ahead of central bank minutes
20th Aug 2014 09:00
- MPC, FOMC minutes in focus - FTSE 100 pulls back from three-week high - Balfour drops after rejecting Carillion bid - Glencore announces $1bn buyback techMARK 2,802.00 +0.04% FTSE 100 6,769.90 -0.14% FTSE 250 15,859.07 -0.23% UK stocks snapped a five-day winning streak on Wednesday ahead of the
Read moreLondon open: Stocks flat on rate speculation ahead of Inflation Report
13th Aug 2014 09:04
- Inflation Report, rate speculation keeps markets cautious - Ukraine crisis in focus as Russian convoy heads to border - Chinese data disappoints, Japanese GDP sinks - Ex-dividend stocks fall techMARK 2,725.51 -0.10% FTSE 100 6,630.77 -0.02% FTSE 250 15,403.28 -0.40% Weak economic data from Asia,
Read moreBritish American Tobacco director sells off LTIP share awards
4th Aug 2014 15:51
John Benedict ('Ben') Stevens, the head of finance at British American Tobacco, has sold nearly £0.7m-worth of shares in the cigarette maker. After being awarded 39,142 shares under the company's long-term incentive plan from 2011, Stevens offloaded 18,802 of them at a price of 3,486p each. Steven
Read moreThursday tips round-up: Jupiter Fund Management, British American Tobacco
31st Jul 2014 09:33
Fund manager Jupiter's shares are set to offer a yield that makes them worth looking at despite analysts' confusion over just how high a payout they can expect from the company. The business model requires relatively low investment. The company had net cash of £170m at the end of the half-year. Abou
Read moreWednesday broker round-up UPDATE
30th Jul 2014 09:50
Antofagasta: Westhouse Securities downgrades from add to neutral with a target price of 885p. Investec places its target price (prev.: 690p) under review, while keeping its sell recommendation. Aureus Mining: FinnCap lowers target price from 66p to 62p maintaining a buy recommendation. British Ame
Read moreBritish American Tobacco earnings squashed by sterling, underlying profit up
30th Jul 2014 07:47
- Revenue down 10%, or up 3% at constant rates - Strong sterling means EPS 12% lower - Cigarette volume decline slows to 0.4% Currency headwinds blew earnings per share 12% lower at British American Tobacco in the first half of the year, although underlying profits improved if exchange rates were
Read moreLondon pre-open: Small losses expected as market opens
30th Jul 2014 07:46
The FTSE is expected to inch lower at the opening bell, tracking marginal losses in the US overnight which came on the back of the decision by the West to impose further sanctions on Russia over the situation in Ukraine. The top-tier index is predicted to open four points lower than yesterday's cl
Read moreTobacco stocks slide after RJ Reynolds hit with $23.6bn fine
21st Jul 2014 17:01
London-listed tobacco stocks slid after a US jury imposed punitive damages against RJ Reynolds Tobacco Company. America's second largest cigarette company was told by a Florida court to pay a punitive fine of $23.6bn and $16.8m in compensatory damages to the wife of a smoker who died of lung cancer
Read moreFTSE 100 movers: ITV jumps as Liberty Global buys stake
17th Jul 2014 15:14
Shares in broadcaster ITV were up nearly 7% on Thursday afternoon after Liberty Global spent £481m buying a 6.4% stake in the group from BSkyB, sparking speculation that the US company could return with a bid for the whole company. While Liberty has said that the deal was "an opportunistic and attra
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