Monday newspaper round-up: Brexit warning, Rosengren, BT, Reckitt
23rd May 2016 06:59
(ShareCast News) - Britain will be plunged into a year-long recession if it votes to leave the EU, according to a bleak analysis of the short-term economic shock of a Brexit vote published on Monday by the Treasury. The Treasury analysis suggests that growth could be 3.6% lower after two years if Br
Read moreSky, Vodafone, TalkTalk press for Ofcom to separate BT from Openreach
16th May 2016 09:36
(ShareCast News) - Telecoms regulator Ofcom should force BT Group to further separate its Openreach infrastructure arm for the good of the industry, according to a letter from media and telecoms groups including Sky, Vodafone and TalkTalk. The chief executives of Sky, TalkTalk, Vodafone and two netw
Read moreSunday newspaper round-up: RBS, Shell, Cobham, BT, banks
15th May 2016 17:01
(ShareCast News) - Royal Bank of Scotland is examining a range of radical options to help speed the long-delayed separation and flotation of its Williams & Glyn subsidiary, including a potential divestment of its NatWest brand. Banking sources have indicated to the Sunday Telegraph that RBS and its
Read moreFTSE 100 movers: Compass marches north, grocers retreat on consumer crunch
12th May 2016 14:53
(ShareCast News) - The FTSE 100 index started weakly, built up steam and then lost it again on Thursday, sitting 0.8% lower at 6,113.32 late in session. Despite gold losing some of its lustre, Randgold Resources topped the pile while precious metals giant Fresnillio was another on the leaderb
Read moreBT to share Europa and Champions League finals for free on YouTube
12th May 2016 11:08
(ShareCast News) - BT Group will stream its live footage of the Champions League and Uefa Europa League finals on YouTube, allowing UK viewers access even if they do not subscribe to its BT Sport service. Amid reported criticism from with Uefa about its low viewing figures ahead of the next broadcas
Read moreDirector dealings: Rio Tinto's Professor L'Estrange doubles stake
11th May 2016 16:00
(ShareCast News) - Rio Tinto non-executive director Michael L'Estrange almost doubled his stake in the mining heavyweight with a AU$44,590 (£23,000) purchase on Wednesday. Professor L'Estrange, formerly Australia's high commissioner to the United Kingdom and ex secretary of the Department of Foreign
Read moreEC stops Three acquiring O2 from Telefonica, Hutchinson mulls legal challenge
11th May 2016 11:41
(ShareCast News) - Hutchinson said it may challenge the European Commission's decision on Wednesday to block its subsidiary Three's proposed acquisition of UK mobile network O2 from Telefonica. The EC made its decision due to "strong concerns that UK mobile customers would have had less choice an
Read moreFriday broker round-up
6th May 2016 14:34
(ShareCast News) - Man Group: Citigroup downgrades to sell with a 120p target. Royal Mail: Jefferies reiterates underperform with a 400p target. Easyjet: JP Morgan keeps at overweight with a 1900p target. IMI: Societe Generale reiterates hold with a target of 920p and JP Morgan stays at neutral wi
Read moreSky and EEF criticise BT's digital investment plans
5th May 2016 10:00
(ShareCast News) - BT's newly announced multi-billion-pound investment in the UK's broadband network has received stinging criticism from UK manufacturers and rival Sky over the continued use of legacy copper wire technology and the slow, uncertain pace of improvements to the nation's digital infras
Read moreBT unveils massive network investment and strong final results
5th May 2016 07:29
(ShareCast News) - After completing what it called a "landmark year", BT Group unveiled a £6bn network upgrade programme for its newly acquired EE mobile business and Openreach infrastructure arm, including laying ultrafast fibre-optic broadband lines to around two million premises over the next thr
Read moreThursday newspaper round-up: BT, Wonga, Telefonica, RBS
5th May 2016 07:17
(ShareCast News) - Liberty Global, the media company that owns Virgin Media in the UK, plans to donate up to £500,000 to the campaign to keep Britain in Europe in one of the largest donations from the corporate sector. The donation, which has to be approved by Liberty Global shareholders, will match
Read moreThursday preview: Sage and BT Group report results
4th May 2016 12:44
(ShareCast News) - Software company Sage is expected to report growth in its first half interims on Thursday, supported by an increase in sales and foreign exchange improvements. Numis has forecast revenue will rise to £729m from £706 the previous year and earnings before interest, tax, depreciation
Read moreSector movers: Insurers and telecoms lead gains
3rd May 2016 18:06
(ShareCast News) - Insurers led the way higher on Tuesday, boosted by positive coverage from some of the largest brokers, including Barclays and Macquarie. RSA Insurance was the standout gainer on Tuesday as Barclays upgraded the stock to 'overweight' from 'equalweight' and lifted the price target t
Read moreTuesday broker round-up
3rd May 2016 15:50
(ShareCast News) - Tullow Oil: Goldman Sachs upgrades to buy with a 274,30p target. RSA Insurance: Barclays upgrades to overweight with a 545p target. RBS: UBS reiterates neutral with a target price of 250p Barclays reiterates equal-weight with a target of 270p and Goldman Sachs stays at buy with 3
Read moreTuesday newspaper round-up: Data leaks, UK confidence, Barclays, BT
3rd May 2016 06:33
(ShareCast News) - US investors may be profiting from leaked economic data releases that allow them to front-run market-moving news, according to a research paper published by the European Central Bank. Macroeconomic news announcements can move markets, as traders watch for indications about how the
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