FTSE 100 movers: BP in top spot after Q3 results impress
29th Oct 2013 14:45
BP shares were firmly in the top spot today following a positive quarterly update from the oil giant. The group has raised its dividend 5.6% to 9.5 cents a share after third quarter earnings fell less than expected. Profit adjusted for one-time items and inventory changes declined to $3.7bn from $
Read moreBroker tips: Coca Cola Hellenic, BP, Regus
29th Oct 2013 11:46
Analysts at Nomura have downgraded their recommendation for shares of Coca Cola Hellenic as they believe that the positive technical impact of the company's inclusion in the FTSE indices has likely run its course. They now think the stock is more likely to trade in-line with fundamentals. In that r
Read moreLondon midday: FTSE continues to rise ahead of US data
29th Oct 2013 11:24
- FTSE climbs ahead of US data release - BP continues to perform strongly - UK mortgage approvals rise techMARK 2,649.71 +0.34% FTSE 100 6,763.02 +0.55% FTSE 250 15,485.84 +0.37% The FTSE 100 extended earlier gains, and was up 40 points by the midday point, led by oil giant BP following an impres
Read moreBroker snap: BP a 'hold' after third quarter results, says Investec
29th Oct 2013 09:50
Investec has reiterated a 'hold' rating on BP's shares after the oil company reported its third quarter results. BP has raised its dividend 5.6% to 9.5 cents a share as earnings in the third quarter fell less than expected. Profit adjusted for one-time items and inventory changes declined to $3.
Read moreBP raises dividend as oil giant reports third quarter - UPDATE
29th Oct 2013 09:46
- Divi lifted 5.6 per cent - Profit down due to Russian business - Net debt declines by a third to 20.1bn dollars - Investec issues 'hold' rating Oil giant BP has raised its dividend 5.6 per cent to 9.5 cents a share after third quarter earnings fell less than expected. Profit adjusted for one-ti
Read moreLondon open: FTSE driven higher by BP
29th Oct 2013 08:40
- FTSE opens higher than expected - Gains driven by BP after strong quarter - Insurance firms also provide a boost techMARK 2,645.08 +0.16% FTSE 100 6,758.68 +0.49% FTSE 250 15,458.32 +0.19% The FTSE 100 has so far made decent gains this morning, beating expectations of a flat start ahead of the r
Read moreMonday newspaper round-up: Storms, RBS, Green levies
28th Oct 2013 06:53
Millions were facing travel misery today as one of the worst storms in a decade swept over Britain - leaving more than 7,000 homes without power. Rail companies said that rush hour services have been delayed or cancelled and 50 short-haul flights from Heathrow had been cancelled by midnight. The tem
Read moreSunday newspaper round-up: Serco, RBS, economy
27th Oct 2013 17:44
Serco is targeting Ian Tyler, the former boss of Balfour Beatty, to lead the troubled outsourcing company, the Sunday Times said. Tyler is one of the top candidates to replace Chris Hyman who quit on October 25th over threats to its contracts with the Government, which has accused Serco of overcharg
Read moreInterview: Allianz Global Investor´s Gergel sees promise in big oil companies
10th Oct 2013 16:04
Markets have been quite unsettled of late due to the uncertainty regarding the budget stand-off on Capitol Hill. The most recent market reports indicate that House Republicans may bring a bill to raise the federal government's debt limit for six weeks to the floor in an apparent bid to avoid furth
Read moreChina offers 25 offshore oil licences to overseas operators
9th Oct 2013 08:40
London's listed oil explorers will be among those bidding to work with China National Offshore Oil Corporation (Cnooc) after it offered 25 offshore blocks to foreign firms. Cnooc, the largest state-run offshore oil producer in the People's Republic, announced that it is looking for cooperation pro
Read moreInterview - Ronnie Chopra gives his view on some fund managers´ favourite picks
8th Oct 2013 14:29
Most market participants are wary of taking any positions until the outcome of the budget negotiations Stateside is clearer. Hence, it is probably best take a more medium- to longer-term view of events when making investment decisions in the equity space, less one lose his nerve. The good news is th
Read moreLondon close: Stocks edge higher but gains limited by US shutdown
3rd Oct 2013 16:49
Ongoing political wrangling in the States limited gains for stocks on Thursday though the FTSE 100 still managed to snap a four-day losing streak to finish slightly higher. However, markets were rangebound as investors digested mixed economic data from across the globe with service-sector activity
Read moreFTSE 100 movers: Tesco leads after broker retains buy rating
3rd Oct 2013 14:59
In a research note issued this afternoon, analysts at Shore Capital have decided to retain their "buy" stance on shares of supermarket Tesco, despite the company's extremely poor results in Europe. What the broker most wants out of the firm are more cautious - and realistically achievable - foreca
Read moreLondon midday: Stocks edge higher as data offsets US shutdown
3rd Oct 2013 11:34
Markets were rangebound on Thursday as investors focused on mixed economic data as the US government shutdown extended into its third day. "With little contagion from across the pond, at least until markets open, European indices are a touch higher this morning aided and abetted by positive corpora
Read moreLondon open: Stocks snap losing streak after Chinese data
3rd Oct 2013 08:43
Markets opened with small gains on Thursday morning as investors turned their focus away from another day of the US government shutdown and instead concentrated on a raft of economic data. While the continuing budget impasse Stateside will lead to non-essential government agencies being shut for a
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