Credit Suisse's names its top European stock picks
5th May 2015 13:44
Credit Suisse published it latest list of top European investment ideas on Tuesday. Here's a pick of one from each sector. In the consumer space, CS highlighted Italian tyre manufacturer Pirelli, saying that from a fundamental perspective, the €15 share price and €0.367 dividend do not reflect the c
Read morePhone-in charges for TV and radio shows to be simplified by regulator Ofcom
27th Apr 2015 11:47
The cost of calling TV and radio programmes will be simplified from July, according to new rules from UK communications regulator Ofcom. The regulator said on Monday the costs of calling numbers starting 084, 09 and 087 will be made of two different parts: an 'access charge' going to the caller's ph
Read moreBT confirms £12.5bn offer for EE
27th Apr 2015 10:35
Telecoms company BT has confirmed its cash and shares offer of £12.5bn for Britain's largest mobile operator EE. According to BT, the acquisition will create the largest communications company in UK as EE has 24.5m direct mobile customers. BT will finance it partly by a £1bn share issue with EE's cu
Read moreNew Rolls-Royce CEO Warren East steps down from BT board
22nd Apr 2015 15:43
Warren East, the newly-appointed boss of engine maker Rolls-Royce, is to step down from his position on BT's board after just 14 months, the telecoms group announced. East, the former ARM chief executive officer (CEO) who was unveiled as John Rishton's replacement at Rolls-Royce on Wednesday, joined
Read moreFTSE 100 movers: Rolls-Royce surges on new management, Tesco hit by worst losses in 97 years
22nd Apr 2015 13:27
Engine maker Rolls-Royce topped the risers after chief executive John Rishton announced plans to retire this summer. He will be succeeded by former ARM Holdings boss Warren East. UK timber and builders merchant Travis Perkins also gained after saying group sales were up 7.2% in the first quarter des
Read moreLondon midday: FTSE falls as Tesco erases gains and financial stocks weaken
22nd Apr 2015 12:11
Following a temporary foray into positive territory, UK stocks were firmly lower by Wednesday lunchtime as supermarket giant Tesco erased earlier gains after reporting an eye-watering £6.4bn annual loss. London's FTSE 100 was down 0.66% at 7,016.59 by midday, pulling back quickly after a brief stint
Read moreBroker tips: Tesco, StanChart, BT Group, Tate & Lyle
22nd Apr 2015 11:44
Record annual losses from Tesco were widely attacked by financial analysts and City traders but there was optimism that the results showed several hints of a turnaround. Deutsche Bank took an optimistic view: "While there are arguably a few more downward pressures than upward pressures, we don't exp
Read moreEE deal strengthens BT's network position, says Nomura
22nd Apr 2015 10:53
BT Group was dialling the right numbers with investors on Wednesday after Nomura lifted its target price on the stock from 520p to 550p and kept a 'buy' rating. The broker said that the telecoms group has a "structurally robust platform for growth" now it has acquired mobile network EE. "Following
Read moreSunday newspaper round-up: Chancellor, General election, Kellogg
6th Apr 2015 15:10
The Chancellor has promised a "revolution" in home ownership if the Conservatives win the general election, the Sunday Telegraph reported. George Osborne said he wanted to help more than a million people buy a first home. He proposed expanding the existing Help to Buy programme, in which the Governm
Read moreBT returns to mobile phone market
25th Mar 2015 14:32
Telecom giant BT will re-enter the UK's mobile phone market, after unveiling a range of 4G subscriptions. The group confirmed the new service will utilise its spectrum as well as a spectrum provided in partnership with EE, Britain's largest mobile network operator, which BT is in the process of taki
Read moreMonday broker round-up
23rd Mar 2015 13:51
RBS: Nomura reiterates buy and lowers target to 350p from 370p. WPP: Westhouse Securities reiterates add lifts target to 1732p from 1577p. HSBC: Nomura reiterates neutral and shaves target to 590p. StanChart: JP Morgan upgrades to overweight. Citi reiterates buy and lifts target to 1300p from 1250
Read moreWednesday broker round-up
18th Mar 2015 12:41
Johnson Matthey: Deutsche Bank reiterates buy and 3,850p target. BAE Systems: Morgan Stanley lifts target to 570p from 515p and reiterates equalweight. BT Group: Nomura and UBS reiterate buy. Ashtead Group: UBS raises target to 1,130p from 1,070p and reiterates neutral. Rotork: Morgan Stanley imp
Read moreLondon midday: Energy stocks rise but FTSE pares gains ahead of Fed meeting
17th Mar 2015 11:39
Stocks in the oil and mining sectors were performing well on Tuesday morning, though gains for the wider market were erased by lunchtime as investors awaited the start of a Federal Reserve policy meeting. Weaker-than-expected economic data from Germany was also dampening sentiment, as European marke
Read moreBT fined £800,000 by Ofcom for failing to provide improved text service
17th Mar 2015 10:50
Telecom group BT has been fined £800,000 by Ofcom for failing to provide an improved text-to-voice service. The so-called "Next Generation Text Service" is aimed at helping customers with hearing or speech impairments to have more natural conversation by using speech as well as text on PCs, laptops,
Read moreBT Sport extends Aviva Premiership Rugby deal
16th Mar 2015 15:08
Telecoms giant BT confirmed it has extended its current deal to broadcast Aviva Premiership Rugby games for another four years, making it the longest in the history of the competition. Games from the top division of English rugby will be shown on BT Sports until the end of the 2020-21 campaign, the
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