CMA to probe cloud storage, price comparison sites and local councils
30th Nov 2015 11:51
(ShareCast News) - Probes into the cloud storage industry, price comparison websites and local government authorities will all be launched by the UK competition watchdog in coming few months, with the support of Chancellor George Osborne. An investigation has already begun into cloud storage, the Co
Read moreLondon open: Stocks move higher despite Paris attacks
16th Nov 2015 08:10
(ShareCast News) - 'Meme pas peur', 'not a bit afraid', has been the initial reaction of investors to this weekend's terrorist attacks in Paris. Contrary to pre-market indications, the FTSE 100 quickly moved into the black on Monday morning and as of 0914 GMT, was 0.56% higher at 6,151.07. Meanwhile
Read moreJoe Garner to leave BT and head up Nationwide
16th Nov 2015 07:17
(ShareCast News) - The head of BT Group's local access network division Openreach is leaving to become chief executive of Nationwide. Joe Garner will take up the position at the mortgage and savings provider in spring 2016. BT Group said on Monday that one of Garner's key roles during his 22 month
Read moreSunday newspaper round-up: Paris reaction, banking fallout, HBOS, Rolls
15th Nov 2015 15:57
(ShareCast News) - Analysts and strategists have predicted European and Asian stock markets will fall sharply but not lead to a major crash on Monday amid fears that the terror attacks in Paris will hurt Europe's economic recovery. European markets are expected to lose 2% when trading begins, with t
Read moreMajor BT investors speak out about future of Openreach
15th Nov 2015 10:52
(ShareCast News) - Some of BT's biggest investors have spoken out about the possible split of Openreach from the rest of the telecoms giant. Some of BT's biggest investors have spoken out about the possible split of the network from the rest of the telecoms giant. Ofcom has been conducting its once
Read moreSunday newspaper round-up: Renminbi, GSK's pipeline, Brexit worry,
1st Nov 2015 16:08
(ShareCast News) - China's currency, the renminbi, could be promoted to the International Monetary Fund's list of global reserve currencies this week, sending an estimated $1trn (£650bn) of reserves flowing into the yuan. The momentous decision would give fresh impetus to Beijing's reform efforts, t
Read moreBroker tips: Barclays, Cineworld, BT Group
30th Oct 2015 12:01
(ShareCast News) - Analysts at Goldman Sachs lowered their target price for shares of Barclays after the group guided to above consensus on costs, but gave short shrift to concerns about the now lower target from the lender for return-on -equity. The banking group lowered its target for return-on-eq
Read moreNomura sees regulatory headwinds on the horizon at BT, but stays at neutral
30th Oct 2015 11:35
(ShareCast News) - Sky´s aggresive customer retention efforts kept BT Group from accelerating the pace of broadband additions in the second quarter and there were regulatory clouds massing on the horizon, Nomura said. The former neutralised BT´s marketing around the launch of its UEFA content, but t
Read moreFriday broker round-up
30th Oct 2015 10:19
(ShareCast News) - Barclays: Goldman Sachs reiterates to buy. Target price: 335.00p. Bt Group: Citigroup reiterates to neutral. Target price: 485.00p. Smith & Nephew: Credit Suisse reiterates to neutral, cuts target price to 1105.00p. Henderson Group: Citigroup reiterates to buy, keeps target pric
Read moreLondon pre-open: FTSE to open down a touch as investors digest FOMC statement
29th Oct 2015 07:35
(ShareCast News) - London stocks are expected to open a little lower on Thursday as investors digest the Federal Reserve's latest rate announcement and accompanying statement. The FTSE 100 is called to open down five points from Wednesday's close at 6,433. "In September the Fed gave us a dovish hol
Read moreBT revenue growth improves but EBITDA weighed by sport investment
29th Oct 2015 07:06
(ShareCast News) - Underlying sales growth at BT Group improved in the second quarter but operating profits declined due to the telecoms company's diversification into media and investing in sports broadcasting. BT will pay a half-year dividend of 4.4p, a 13% increase on the same period last year bu
Read moreBT revenue growth improves but EBITDA weighed by sport investment
29th Oct 2015 07:06
(ShareCast News) - Underlying sales growth at BT Group improved in the second quarter but operating profits declined due to the telecoms company's diversification into media and investing in sports broadcasting. BT will pay a half-year dividend of 4.4p, a 13% increase on the same period last year, a
Read moreLondon close: Stocks rally ahead of Fed's interest rate decision
28th Oct 2015 16:14
(ShareCast News) - The London stock market closed higher on Wednesday before the Federal Reserve's decision on interest rates. The FTSE ended up 72.53 points to 6,437.80. The Fed releases its policy decision at 1800 GMT and is expected to keep rates at 0.25% amid low inflation and concerns about th
Read moreFTSE 100 movers: Glaxo jumps on results; Meggitt tumbles after profit warning
28th Oct 2015 13:10
(ShareCast News) - London's FTSE 100 index was up 0.8% to 6,415.65 at 1400 GMT as investors awaited the Federal Reserve's policy announcement, which is due after the European close. Pharmaceuticals giant GlaxoSmithKline was the standout gainer after its third-quarter revenue and core earnings per sh
Read moreBT acquisition of EE approved by CMA
28th Oct 2015 07:53
(ShareCast News) - BT's £12.5bn acquisition of the EE mobile network has been provisionally approved by UK competition officials unconditionally and without remedies. The Competition and Markets Authority (CMA) said on Wednesday morning it had decided the acquisition "is not expected to result in
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