Sector movers: Natural resources stocks trigger another London market decline
23rd Jul 2015 15:38
(ShareCast News) - Natural resources, especially mining and metals, along with telecommunications stocks triggered yet another London market decline on Thursday. The FTSE 100 was down 12.33 points or 0.18% at 6655.01, while FTSE 250 was down 26.55 or 0.15% with mining, metal and oil stocks leading a
Read moreMacquarie upgrades Sky and names it "top pick"; downgrades BT, TalkTalk
23rd Jul 2015 13:10
(ShareCast News) - Macquarie upgraded Sky to 'outperform' from 'neutral', raised its price target to 1,400p from 900p and named the stock its top pick in the UK. The bank said that in general across Europe it favours premium operators that are investing in networks and that are indirect beneficiarie
Read moreSunday newspaper round-up: Bank ring-fence, Standard Chartered, interest rates
19th Jul 2015 16:26
(ShareCast News) - The looming ring-fence plan to separate bank's investment and retail arms may be watered down as part of the government's attempts to re-engage with the City. The Sunday Times has been told by senior City and Treasury sources that behind-the-scenes talks with the Bank of England h
Read moreBT chief says he will take legal action if Ofcom orders it to sell Openreach
19th Jul 2015 13:32
(ShareCast News) - BT chief executive Gavin Patterson has said this weekend that if Ofcom tries to force the company to relinquish control of the national telecoms network it would respond by cutting all investment in it and taking the matter to court. His comments, which were made in an interview w
Read moreOfcom unlikely to recommend demerger of BT's Openreach, says Charles Stanley
17th Jul 2015 13:28
(ShareCast News) - Charles Stanley maintained its 'accumulate' rating on BT, saying it does not expect UK regulator Ofcom to recommend the demerger of Openreach. On Thursday, Ofcom suggested breaking up BT Group as one of a range of possible measures to improve competitiveness in the digital communi
Read moreLondon open: Sterling and Greenback jump versus euro
16th Jul 2015 09:42
(ShareCast News) - Sterling was moving sharply higher versus the European single currency on Thursday morning, alongside the US dollar, as the market acknowledged the relatively greater scope for interest rate rises in both the UK and the US. That came ahead of a speech by Bank of England Governor M
Read moreLondon pre-open: All eyes on the ECB and Berlin
16th Jul 2015 08:30
(ShareCast News) - Greek lawmakers overwhelmingly voted last night to approve the package of reforms asked of by Brussels in exchange for further aid, so all eyes will now turn to the European Central Bank and the Berlin. Following last night's vote in Athens the ECB will decide later today whether
Read moreBT break-up suggested by Ofcom
16th Jul 2015 08:07
(ShareCast News) - UK communications regulator Ofcom has suggested breaking-up BT Group as one of a range of possible measures to improve competitiveness in the digital communications market. The regulator said separating Openreach, BT's infrastructure division, which owns the physical network used
Read moreS&P upgrades outlook on BT's debt on strong operating performance
13th Jul 2015 18:46
(ShareCast News) - If BT Group is able to close its acquisition of EE in the next two years then together with the improved outlook for its financial performance that means its credit metrics will improve more than previously expected, one of the most influential ratings agencies said on Monday. Cos
Read moreLondon midday: Rolls-Royce, commodity stocks lead FTSE lower after Greek 'no' vote
6th Jul 2015 11:41
UK stocks declined on Monday after the Greeks voted a resounding 'no' to creditors' bailout proposals, pushing the country closer to a possible exit from the Eurozone. Nevertheless, while stock markets across Europe were suffering steep losses - German, Spanish and French shares were down 1.3-1.8% w
Read moreCiti downgrades BT from 'buy' to 'neutral', highlights risks in telco scene
6th Jul 2015 08:46
Citi reduced its rating for BT from 'buy' to 'neutral,' citing risks from a shifting regulatory scene. Analysts downgraded their rating for the telco even as they numped up their target price from £4.50 to £4.85. In a note, Citi analysts said the revision of their estimates for BT were based on the
Read moreLondon close: Stocks fall as traders take profits ahead of Greek referendum
3rd Jul 2015 16:31
UK stocks finished firmly lower on Friday as investors showed their nerves ahead of a pivotal weekend for Greece as the public votes on creditors' bailout proposals. With the result of the referendum apparently too close to call and reports claiming that Greek banks were beginning to run out of mone
Read moreFTSE 100 movers: RBS hit by mortgage bond allegations, Vodafone by ML note
3rd Jul 2015 13:34
UK stocks inched lower on Friday, as investors continued to fret in the run up to Sunday's Greek referendum. As of 14:30 BST, the FTSE 100 was trading 0.5% lower at 6,595, led by Vodafone after a negative note on the telecoms giant by Merrill Lynch, which told clients it felt the stock's recovery re
Read moreLondon midday: Banks, miners slip as risk appetite declines ahead of Greek vote
3rd Jul 2015 12:09
UK stocks slipped on a quiet Friday, with US markets closed ahead of the Fourth of July holiday and as investor sentiment remained driven by Sunday's upcoming referendum in Greece. With polls suggesting the Greek public's vote on bailout proposals remains too close to call, investors were scaling ba
Read moreSector movers: Telcos, natural resources stocks lead London market lower
3rd Jul 2015 10:46
Telecommunications and natural resources stocks led the London market lower on Friday, ahead of the Greek bailout referendum on Sunday. The blue chip FTSE 100 closed down 0.67% or 44.69 points at 6585.78 as the sell-off in mining stocks continued with base metals prices sliding yet again after a bri
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