FTSE 100 movers: LSE drops on Qatar sale, Portugal fears hit banks
10th Jul 2014 15:29
London Stock Exchange was one of the worst performers on the FTSE 100 on Thursday after Qatar Investment Authority cut its 15% stake in the exchange operator by a third ahead of the UK-listed firm's planned $1.6bn rights issue to fund the acquisition of Frank Russell. Concerns about contagion from
Read moreBroker tips: Burberry, StanChart, Halfords, Croda
10th Jul 2014 12:54
Luxury brand Burberry's first-quarter update showed signs of "blowing away some cobwebs", according to Hargreaves Lansdown Stockbrokers. "Burberry provides premium products, has a premium valuation, but has yet to attain a premium rating - however, updates such as this will continue to exert positi
Read moreLondon midday: Stocks fall for fourth straight day as BoE holds rates
10th Jul 2014 12:20
- FOMC minutes remove taper uncertainty - BoE decides to hold policy - Burberry gains, Barratt and AB Foods give up gains - Financials and airlines fall techMARK 2,759.10 -0.83% FTSE 100 6,659.30 -0.87% FTSE 250 15,358.40 -1.23% After a slow start, UK stocks sunk sharply into the red by Thursday l
Read moreBurberry update shows positive signs, says Hargreaves Lansdown
10th Jul 2014 11:13
Luxury brand Burberry's first-quarter update showed signs of "blowing away some cobwebs", according to Hargreaves Lansdown Stockbrokers. Retail revenues totalled £370m in the three months to June 30th, up 17% on an underlying basis which excludes FX movements, an acceleration from the 13% registere
Read moreLondon open: Central banks in focus as UK stocks open flat
10th Jul 2014 08:34
- FOMC minutes remove taper uncertainty - BoE policy decision due out at noon - Burberry, Barratt and AB Foods impress - LSE drops as Qatar cuts stake techMARK 2,785.94 +0.14% FTSE 100 6,722.04 +0.06% FTSE 250 15,553.32 +0.02% UK stocks opened more or less flat on Thursday as investors kept a clos
Read moreLondon pre-open: Modest rise after Fed minutes, ahead of BoE rate decision
10th Jul 2014 07:44
A modest rise is expected amongst London's blue chips this morning, tracking stronger gains seen across the Pond last night following the release of the Federal Reserve's minutes from its meeting last month. The minutes indicated that officials were sanguine about holding their current policy cours
Read moreFX rates worsen at Burberry but underlying retail growth picks up
10th Jul 2014 07:31
- FX headwinds increase - Underlying retail sales growth picks up - Comparable sales rise 12% High end British fashion group Burberry saw underlying growth in retail sales pick up in the first quarter, but warned that currency headwinds have increased. Retail revenues totalled £370m in the three m
Read moreMonday newspaper round-up: IMF, Mothercare, Burberry
7th Jul 2014 07:18
Christine Lagarde has hinted that the International Monetary Fund may be preparing to cut its global growth forecasts as she warned that a pick-up in economic activity could prove "less robust than expected" amid "depressed" levels of investment. The head of the Washington-based fund suggested that
Read moreSunday newspaper round-up: Shire, Mothercare, Blinkx, Barclays
6th Jul 2014 17:18
AbbVie is expected to make an improved offer for Shire in the next few days after its Chief Executive Rick Gonzalez visited Shire's biggest investors in London, The Sunday Times said. Gonzalez is back in the US mulling his options after having three bid approaches turned down with the most recent va
Read moreFriday broker round-up UPDATE
4th Jul 2014 12:12
Antofagasta: Morgan Stanley upgrades from underweight to equal-weight with a target price of 750p. AVEVA: Societe Generale initiates with a target price of 2650p and a buy recommendation. Balfour Beatty: Westhouse Securities cuts target price from 220p to 183p downgrading from neutral to sell. RBC
Read moreLondon close: UK construction, StanChart lift FTSE
2nd Jul 2014 16:59
- FTSE closes up 13.45 at 6,816.37 - UK construction drives gains - StanChart lifted by private equity sale rumours techMARK 2,832.57 0.00% FTSE 100 6,816.37 +0.20% FTSE 250 15,897.11 +0.35% London's blue chips closed with modest gains today, coming off a sharp dip this morning, but with limited m
Read moreFTSE 100 movers: StanChart lifted by private equity sale rumours
2nd Jul 2014 15:32
Standard Chartered jumped on reports the group is intending to dispose of $500m-worth of private equity investments. Quoting two people "with knowledge of the situation", Bloomberg said the lender is expected to sell minority holdings in companies across a number of countries. The speculation come
Read moreLondon midday: Stocks gain as UK construction PMI hits four-month high
2nd Jul 2014 12:04
- UK construction PMI hits four-month high - ADP report, factory orders in focus Stateside - Service PMIs, ECB and jobs report due out tomorrow - Mothercare jumps on foreign interest techMARK 2,841.71 +0.32% FTSE 100 6,823.02 +0.30% FTSE 250 15,907.17 +0.42% Figures showing a surprise pick-up in U
Read moreLondon open: Stocks edge higher ahead of key data
2nd Jul 2014 09:21
- Markets await US data, Yellen speech - Services data, ECB meeting and non-farm payrolls due out Friday - Mothercare jumps after Destination Maternity bid techMARK 2,838.22 +0.20% FTSE 100 6,821.55 +0.27% FTSE 250 15,914.05 +0.46% UK stocks edged higher on Wednesday morning though upside was limi
Read moreXaar's R&D Director builds stake following lower profit guidance
25th Jun 2014 15:50
Ramon Borrell, the Research & Development (R&D) Director of FTSE 250 member Xaar, continued to build his stake in the inkjet printheads supplier with the purchase of 40,000 shares. The deal comes just days after the company lowered its guidance for full-year revenues and profit margin, saying the
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