London midday: HSBC drags UK stocks lower despite progress in Greece
23rd Feb 2015 15:31
European markets breathed a sign of relief on Monday as concerns over Greece eased, though UK stocks didn't join in with the rally after HSBC disappointed with results and commodity stocks weakened. HSBC had fallen nearly 6% after the global lender missed forecasts with a sharp drop in profits for 2
Read moreLondon open: Weak HSBC results keep FTSE flat early on
23rd Feb 2015 08:54
After briefly testing an all-time high on the back of Greece's bailout extension, the FTSE 100 quickly reversed into the red on Monday morning on the back of disappointing results from banking heavyweight HSBC. HSBC's shares were down as much as 5% early on after the global lender reported a drop in
Read moreBunzl delivers small profit increase for 2014.
23rd Feb 2015 07:26
Distribution group Bunzl published its full-year results for 2014 on Monday, revealing a small increase in pre-tax profit, as the company announced its latest two acquisitions, Quirumed in Spain and Jan-Mar Sales in Canada. Statutory profit before tax advanced 3% to £299.8m while revenue experienced
Read moreLondon pre-open: FTSE 100 to test record highs on Greek bailout extension
23rd Feb 2015 06:49
UK stocks are expected to test record highs on Monday as markets breath a sigh of relief after Greece was granted an extension on its bailout agreement with the Eurozone. City sources predict the FTSE 100 will open around 30 points higher than Friday's close of 6,915.20. The index is set to surpass
Read moreLondon pre-open: Stocks to fall further ahead of data-heavy session
6th Jan 2015 07:43
UK stocks were expected to open slightly lower on Tuesday ahead of a busy day for economic data, extending losses after dropping sharply to a three-week low. City sources predict the FTSE 100 will open 12 points lower than Monday's close of 6,417.16. The index suffered a 2% sell-off the previous se
Read moreBunzl buys Tillman to expand US safety business
6th Jan 2015 07:15
Distribution group Bunzl has expanded its safety business in North America with the acquisition of California-based Blake H Brown, which trades as Tillman. Tillman sells a variety of personal protection equipment, mainly gloves, to distributors in the welding and industrial sectors. The deal was ag
Read moreLondon close: Markets extend losing streak as miners fall
11th Dec 2014 16:23
London's stock market declined for the fourth straight day on Thursday as ongoing concerns about global growth and heavy falls in the mining sector erased earlier gains. The FTSE 100 finished 0.6% lower at 6,462, closing at its lowest level since 4 November when it settled at 6,453.97. Mining stock
Read moreLondon midday: Mining stocks drag markets lower on ECB loan disappointment
11th Dec 2014 12:06
UK stocks retreated into the red after a positive start on Thursday as renewed concerns about the health of the Eurozone pressured mining stocks lower. Markets had edged higher early on after finishing the previous session at a five-week low, but gains were quickly erased after it was revealed that
Read moreLondon open: Stocks rebound from five-week low as energy shares gain
11th Dec 2014 08:21
UK stocks edged higher on Thursday after sinking to a five-week low, though gains were only modest ahead of a data-heavy session. The FTSE 100 was up 0.3% at 6,520 early deals, helped by a small rebound in the energy sector. A three-day sell-off wiped 3.5% off the value of the Footsie and sent the
Read moreBunzl revenues rise 6% in 2014 as company eyes acquisitions
11th Dec 2014 07:55
Distribution and outsourcing group Bunzl said revenues are expected to rise around 6% over 2014 at constant exchange rates, and said it sees further "opportunities" to invest and grow. The company said this reflected underlying growth of 2.5%, with increases across all areas of the business, as well
Read moreSunday share tips: Premier Foods, Rare Earth Minerals, Bunzl
19th Oct 2014 16:41
It could be the a good time to buy shares of Premier Foods, Danny Fortson argued in his Sunday Times column, Inside the City. The company, whose brands include Oxo and Mr Kipling, took on too much debt before the financial crisis but Chief Executive Gavin Darby has fixed its structural problems. He
Read moreLondon close: Remarks from Fed officials help steady nervous investors
16th Oct 2014 16:37
Thursday's session closed with modest losses as equities tried to recover from the previous day's spike in volatility, amid continuing concerns surrounding the financial stability of Greece and more bad news for blue chip pharmaceutical Shire. After dropping early on and remaining low for much of th
Read moreFTSE 100 movers: Shire leads downside after Abbvie calls on shareholders to abandon takeover bid
16th Oct 2014 16:35
Shire, which dropped 22% on Wednesday after Abbvie said it was reconsidering its bid for the firm, was down by a further 8% after the US group advised shareholders vote against the takeover due to changes in the US tax law. Abbvie said that these changes had introduced "an unacceptable level of unce
Read moreLondon midday: FTSE 100 drops another 1.8% as sell-off resumes
16th Oct 2014 11:39
In spite of an initial 'dead cat bounce' in early deals, London's FTSE 100 tanked again on Thursday morning with the index sinking to levels not seen since June 2013 The UK benchmark index was down 1.8% at 6,099 by lunchtime, having earlier touched a high of 6,282.95, with banking shares sinking sha
Read moreThursday broker round-up UPDATE
16th Oct 2014 08:57
Afren: Investec cuts target price from 195p to 120p and reiterates its hold recommendation. Amerisur Resources: Investec lowers target price from 75p to 65p and maintains a buy recommendation. Antofagasta: UBS upgrades from sell to neutral with a target price of 710p. ARM Holdings: Credit Suisse r
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