London midday: Stocks kick on as inflation eases
13th Jul 2010 12:16
Inflation figures gave the London stock market a boost this morning and the Footsie ended the session close to its highest level for the day. Consumer price inflation (CPI) eased towards the Bank of England's target level of 2% in the year to June. helped by lower petrol prices. CPI annual inflati
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
13th Jul 2010 08:57
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0757 GMT [Dow Jones] Goldman Sachs upgrades British American Tobacco (BATS.LN) to buy from neutral and target to 2840p fro
Read moreMARKET TALK: Goldman Upgrades British American Tobacco
13th Jul 2010 08:57
0757 GMT [Dow Jones] Goldman Sachs upgrades British American Tobacco (BATS.LN) to buy from neutral and target to 2840p from 2370p. Within the brokerage's global coverage of tobacco, at 78%, British American has the highest group volume exposure to emerging markets. "Despite accounting for 80% of glo
Read moreLondon open: Footsie up again
9th Jul 2010 08:57
London has started brightly buoyed by another strong performance overnight on Wall Street and a rash of upbeat company announcements. Miners are leading the way following the big gains in the US. Antofagasta, ENRC and Rio Tinto are the best performers. On the downside, National Grid, GlaxoSmithKlin
Read moreBritish Am. Tobacco Bnp Paribas Tender Offer For Notes
7th Jul 2010 12:28
TIDMBATS TIDM56KR RNS Number : 9757O British American Tobacco PLC 07 July 2010 ? Press Release 7 July 2010 Tender Offer by BNP Paribas for British American Tobacco Holdings (The Netherlands) B.V.'s Notes NOT FOR DISTRIBUTION TO ANY U.S. PERSON OR ITALIAN PERSON O
Read moreADR Report:Close Slightly Lower With Latin America, Asia Weighing
28th Jun 2010 22:01
By Victoria Finkle Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--International companies trading in New York closed slightly down Monday, on a late-day slump over worries that the Group of 20's pledge to slash budget deficits could impact global growth. The Bank of New York index of ADRs
Read moreUPDATE: US Supreme Court Won't Consider Long-Running Tobacco Case
28th Jun 2010 16:27
(Updates to add analyst comments, comments from Altria and stock movements) By Brent Kendall Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--The U.S. Supreme Court Monday refused to review a landmark ruling that found the tobacco industry violated federal racketeering laws by engaging in
Read moreUS Supreme Court Will Not Consider Long-Running Tobacco Case
28th Jun 2010 15:13
By Brent Kendall Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--The U.S. Supreme Court Monday refused to review a landmark ruling that found the tobacco industry violated federal racketeering laws by engaging in a decades-long scheme to deceive the public about the dangers of smoking. Th
Read moreBAT Prices Two-Part Euro, Sterling Bond Issue
25th Jun 2010 14:58
LONDON (Dow Jones)--British American Tobacco (BATS.LN) has priced its two-part, euro- and sterling-denominated bond issue, one of the banks running the sale said Friday. The EUR600 million, 10-year bond priced at 115 basis points over midswaps, while the GBP275 million, 30-year bond priced at 15
Read moreUPDATE: BAT Sets Guidance On 2-Part Euro, Sterling Bond Issue
25th Jun 2010 13:44
(Adds comment, background) By Art Patnaude Of DOW JONES NEWSWIRES LONDON (Dow Jones)--British American Tobacco (BATS.LN) has set price guidance on its two-part, euro- and sterling-denominated bond issue, one of the banks running the sale said Friday. The EUR600 million, 10-year bond
Read moreSector movers: BP drags oil sector lower again
25th Jun 2010 12:23
With BP on the slide again, the oil and gas sector is today's worst performer. Shares in BP are down more than 5%, resuming their drop following a couple of days' respite. In its latest update, the oil giant said it has spent another $350,000 (£234,000) on the Gulf of Mexico oil disaster since Mon
Read moreBAT Sets Prices Guidance On 2-Part Euro, Sterling Bond Issue
25th Jun 2010 12:21
LONDON (Dow Jones)--British American Tobacco (BATS.LN) has set price guidance on its two-part, euro- and sterling-denominated bond issue, one of the lead managing banks of the deal said Friday. The EUR600 million, 10-year bond is to price at 115 basis points over midswaps, while the GBP275 milli
Read moreBAT Announces Bond Tender Offer Results
25th Jun 2010 09:52
LONDON (Dow Jones)--British American Tobacco PLC (BATS.LN) said Friday it will buy back EUR470 million of its 4.375% bond due 2011 and EUR429 million of its 3.625% bond due 2012 following the completion of its bond tender offer. It also plans to sell a new two-part, euro- and sterling-denominate
Read moreBritish American Tobacco Plans 2-Part Euro, Sterling Bond
25th Jun 2010 09:28
LONDON (Dow Jones)--British American Tobacco (BATS.LN) plans to sell a new two-part, euro- and sterling-denominated bond issue, one of the lead managing banks of the deal said Friday. The issue, which follows the completion of a recent tender offer by BAT, will comprise a EUR600 million, 10-year
Read moreLondon close: Footsie sinks to two-week low
24th Jun 2010 16:42
An afternoon rally fizzled as Wall St opened lower sending Footsie close to its low for the day. Miners were a poor market all day and ENRC, Kazakhmys, Lonmin, Fresnillo and Xstrata were the big losers on fears of a double-dip recession. Elsewhere in the resource sector oil giant BP said the low
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