Tobacco firms to be hit by Russia smoking ban
4th Sep 2012 15:42
Russia is set to bring in tough new tobacco rules could see shock images on cigarette packets and smoking banned in some public places. The Russian Federation is the world's second largest market for tobacco products after China. According to the World Health Association around two out five - 39%
Read moreRussian smoking ban could hit BATS
4th Sep 2012 13:06
Russia's Deputy Health Minister Sergei Velmiakin has today announced that the Russian Federation will submit a law banning smoking in public places by November 1. That despite opposition from some of the world's largest cigarette makers, including British American Tobacco. Western tobacco makers
Read moreSector movers: Defensives perform well as risk appetite wanes
30th Aug 2012 15:49
Defensive sectors were benefiting from their 'safe-haven' attributes on Thursday as investors scaled back risk ahead of some key meetings of world leaders in the coming weeks, starting with the eagerly-anticipated Jackson Hole symposium which begins later this evening. Whether or not Federal Reserv
Read moreSDL non-exec takes up only holding in firm
24th Aug 2012 16:24
Mandy Gradden, a non-executive director of SDL, the FTSE 250 information management firm, bought up 7,500 shares on Thursday, just over a week after the company unveiled a 20 per cent leap in first-half revenues. Gradden's purchase, in which she bought the shares at 658p each for a total of £49,35
Read moreLondon close: Footsie down on mining weakness
15th Aug 2012 16:54
- MPC hints at further QE - UK jobless rate improves in July - ENRC leads miners lower Stocks held on to early losses on Wednesday afternoon, meaning that the FTSE 100 was trading within a narrow range for most of today's session with heavy falls in the mining sector keeping the index firmly in the
Read moreFTSE 100 movers: ENRC profits slide
15th Aug 2012 13:59
Diversified mining giant Eurasian Natural Resources Corp (ENRC) dropped into the bottom spot after being hit by a fall in commodity prices and challenging economic conditions in the first half, meaning that both revenues and profits were significantly lower than the same period in 2011. The group sl
Read moreLondon midday: Footsie stays lower despite jobless data
15th Aug 2012 11:38
- MPC in wait-and-see mode - UK jobless rates falls more than expected - StanChart, Resolution lead the risers UK equities were stuck in the red by Wednesday lunchtime as minutes from the latest rate-setting meeting at the Bank of England dampened expectations that the Monetary Policy Committee (MP
Read moreTobacco companies fear the 'olive revolution'
15th Aug 2012 09:04
UK-listed tobacco stocks dropped on Wednesday on fears of the 'olive revolution' after Australia became the first nation to implement a law requiring all cigarette packets to have plain olive green-coloured packaging. The ruling, hailed by the medical world as a massive victory for global health, i
Read moreLondon open: Tobacco stocks provide a drag early on
15th Aug 2012 08:28
- Greece to ask for more time - Markets await MPC minutes - Tobacco stocks fall on Australian plain packaging issue UK stocks slipped on Wednesday morning on the back of concerns over Greece and ahead of a keenly awaited report on US industrial output; tobacco companies were leading the decline in
Read moreMonday broker round-up
13th Aug 2012 08:16
AMEC: HSBC cuts target from 1,280p to 1,275p, overweight rating kept. Aviva: Exane BNP Paribas downgrades to neutral. British American Tobacco: Nomura keeps buy rating and 3,390p target. British Land: JPMorgan Cazenove ups target from 560p to 610p, overweight rating kept. BSkyB: Nomura maintains
Read moreLondon close: US data halts rally late on
25th Jul 2012 16:25
- Gains pared after US housing data - Markets shrug off UK GDP, rise on Nowotny comments - ARM surges after Q2 results; Tullow disappoints in H1 Markets seemed to shrug off disappointing UK economic growth data this morning as they warmed to comments from a European Central Bank (ECB) policy-maker;
Read moreLondon midday: Footsie rallies despite poor UK GDP
25th Jul 2012 11:45
- UK deeper in recession - ARM jumps after beating expectations - Footsie bulls into the blue The Footsie pulled into positive territory by Wednesday lunchtime in spite of some miserable economic growth data in the UK. UK gross domestic product (GDP) figures released by the Office for National Sta
Read moreWednesday broker round-up
25th Jul 2012 10:13
3i Group: Investec initiates with buy rating and 236p target. APR Energy: UBS cuts target from 690p to 590p, sell rating unchanged. British American Tobacco: Jefferies keeps buy rating and 3,730p target. British Land: Jefferies keeps buy rating and 552p target. BT Group: Jefferies maintains buy
Read moreLondon open: Footsie nears one-month low as results disappoint
25th Jul 2012 08:44
- UK Q2 GDP data coming out soon - Footsie nears one-month low - BT, Johnson Matthey, Tullow and BATS disappoint The FTSE 100 index looks set to experience its fourth straight day in the red as concerns over the Eurozone outlook continue to dampen equity markets worldwide; investors in London will
Read moreLondon pre-open: Stocks to fall ahead of GDP figure
25th Jul 2012 07:42
City sources predict the FTSE 100 will open down 25 points from yesterday's close of 5,499, pushed lower by a sell-off in both US and Asian markets as well as reports that UK GDP data out later today will show a contraction of 0.2 per cent in the June quarter. Tullow Oil has hailed an 'excellent'
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