London 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
Read moreLondon open: UK stocks slip ahead of Greek referendum, RBS
3rd Jul 2015 09:13
UK stocks opened slightly lower on Friday morning head of a crucial weekend for Greece, as the government holds a referendum on European bailout proposals. With Friday's economic data calendar looking sparse, investor sentiment was likely to be driven by developments in Athens, as the latest polls s
Read moreLondon pre-open: Flat start expected with investors nervous ahead of Greek referendum
3rd Jul 2015 07:49
UK stocks are expected to open flat on Friday morning as market pause for breath ahead of a quiet day, with investors awaiting a pivotal weekend for Greece. City sources predict the FTSE 100 will open four points lower than Thursday's close of 6,630.47. "With only tier-2 data releases in the calend
Read moreOfcom fines EE £1m for customer service failures
3rd Jul 2015 07:03
UK regulator Ofcom said on Friday that it has fined EE £1m for failing to comply with its rules on handling customer complaints. The investigation into Britain's largest mobile phone company, which is currently in the process of being taken over by BT, was part of the regulator's wider monitoring an
Read moreSunday newspaper round-up: Network Rail, Sky, Channel 4
28th Jun 2015 16:54
Network Rail directors have been meeting with government officials to explore the potential quasi-privatisation of the company, the Sunday Times reported. The idea is being considered as a way to fix its service and prevent costs from spiralling on major projects. The newspaper cited senior sources
Read moreCredit Suisse revises price target for BT, keeps 'outperform' rating
26th Jun 2015 09:48
Credit Suisse has reiterated an 'outperform' rating for BT and raised its price target from 495p to 510p. Analysts said in a note they expected the BT-EE merger to be approved and said forced a spin-off of BT's wholesale broadband division OpenReach was unlikely. BT is attractively valued against t
Read moreBulk of UK broadband providers agree to new business code as Ofcom raises concerns
25th Jun 2015 10:31
BT, TalkTalk and Virgin have signed up to a broadband code of practice for small businesses as Ofcom released new research Thursday. The media regulator's research found about 20% of small businesses were unhappy with not being able to access the internet speeds they were led to expect. The thr
Read moreThursday newspaper round-up: Greece, BT, Formula One
25th Jun 2015 06:35
Hopes over Greece were dashed on Wednesday night after Greek PM Alexis Tsirpas failed to reach a deal after seven hours of talks with creditors, writs the Financial Times. A senior Eurozone official said discussions produced "not much progress". BT is asking Ofcom to let it scrap the traditional tel
Read moreTuesday broker round-up
23rd Jun 2015 08:03
Acacia Mining: Morgan Stanley keeps at equalweight, raises target to 285p from 251p. BHP Billiton: Morgan Stanley stays at equalweight and lifts target to 1,250p from1,150p. Anglo American: Morgan Stanley reiterates underweight and lowers target to 850p from 920p. Antofagasta: Morgan Stanley still
Read moreLondon close: Stocks end on back foot on Greek debt woes
12th Jun 2015 17:09
The UK stock market ended on the back foot on Friday as concerns about ongoing Greek debt talks continued to weigh on investor sentiment. The FTSE 100 was down 0.90% at 6,786 at the close after the International Monetary Fund's technical team quit discussions due to a lack of progress from Athens.
Read moreOfcom plans cut in BT's business wholesale prices
12th Jun 2015 08:02
UK regulator Ofcom said on Friday that it has proposed controls on the wholesale prices BT charges for products using leased telecoms lines, which provide high-speed links for businesses and providers of superfast broadband and mobile services. Ofcom is consulting on the proposed level of those cont
Read moreBT's Champions League glory relies on strong direct execution, says RBC
9th Jun 2015 12:44
Analysts at RBC estimated that BT could add over £100m to its earnings next year, after its broadcasting division ensured exclusive rights to cover the UEFA Champions League for the next three seasons. On Tuesday, BT Sport launched its Champions League and Europa League coverage and confirmed both c
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