London open: Markets subdued as investors await Greek developments
11th Feb 2015 08:25
UK stock markets opened slightly lower on Wednesday, falling for the fourth straight day as investors awaited news flow from Greece. London's FTSE 100 was down 0.15% at 6,819 early on. All eyes will be on the emergency meeting of Eurogroup finance ministers on Wednesday, where Greece's Yanis Varouf
Read moreWednesday newspaper round-up: Tory/HSBC scandal, Driverless cars, UK defence
11th Feb 2015 06:06
Prime Minister David Cameron has come under fire for appointing Lord Green of Hurstpierpoint as trade minister in 2011 after it was revealed he was responsible for HSBC's Swiss private banking business, according to The Times. HSBC has been caught out in a tax dodge scandal. Driverless car trials in
Read moreSky and BT secure Premier League rights for over £5bn
10th Feb 2015 17:25
Sky and BT have paid a whopping £5.13bn to win the rights to broadcast Premier League matches in the UK from the 2016-17 to the 2018-19 season. The 168 games available per season, 14 more than the last time the rights were auctioned off, were split into seven packages, with Sky securing five and BT
Read moreLondon close: Greek fears rattle stocks, but miners limit downside
9th Feb 2015 16:35
London's FTSE 100 had trimmed losses by the end of the session but still finished in the red as ongoing concerns about the future of Greece weighed on market sentiment. "Eurozone equities are being ground down by Greek fears, and financial stocks across the EU are bearing the brunt of the sell-off,"
Read moreLondon midday: Miners limits downside, but stocks still lower on Greek woes
9th Feb 2015 12:07
UK stocks dropped on Monday morning but had erased some of their losses by lunchtime, as miners were supported by hopes of stimulus measures in China. The FTSE 100 was down 0.7% at 6,809 by midday, but had bounced after having fallen as much as 1% to an intraday low of 6,777.99 earlier on. Ongoing
Read moreUBS concerned for BT and Sky as Premier League auction heads for second round
9th Feb 2015 10:20
Concerns about overpaying for Premier League (EPL) broadcast rights were weighing on shares BT and Sky on Monday, amid reports that the auction could be heading for a second round and with a third bidder. The two companies are going head-to-head in the battle for the 2016/2017 to 2018/2019 seasons,
Read moreCharles Stanley downplays importance of Premier League rights for Sky
6th Feb 2015 10:52
Sky was in focus on Friday as the auction for Premier League rights kicks off, though Charles Stanley said it was "sanguine" about the possibility of rival BT coming out on top. Friday's auction covers the three seasons starting from 2016/2017. Sky currently shows 116 matches each season at a cost o
Read moreLondon close: Stocks end slightly higher despite mixed Eurozone news
5th Feb 2015 17:20
Mixed newsflow from the Eurozone kept financial markets busy on Thursday, though a late rally pushed UK stocks into positive territory by the close. London's FTSE 100 finished the day up just 0.1% at 6,866, but had bounced strongly after hitting an intraday low of 6,808.19. The European Central Ban
Read moreFTSE 100 movers: BT higher on EE takeover Easyjet nosedives on weak passenger numbers
5th Feb 2015 14:55
BT surged after confirming reports it has settled on terms of its acquisition of EE from Deutsche Telekom and Orange, saying it will be spending £12.5bn on the UK mobile network. The deal will be financed by new debt and a £1bn placing of its shares and will result in Deutsche Telekom and Orange tak
Read moreLondon midday: Stocks retreat as Greek concerns rise
5th Feb 2015 12:08
UK stocks fell for a second day on Thursday as optimism surrounding the situation in Greece began to fade and a raft of corporate earnings and updates received a mixed reaction from the market. London's FTSE 100 was down 0.4% at 6,830 by midday, though had bounced off a low of 6,808.19 reached early
Read moreLondon open: UK stocks fall as Greek optimism fades, corporate earnings mixed
5th Feb 2015 09:09
UK stocks declined on Thursday as newsflow from Greece prompted an element of caution on financial markets, as the FTSE 100 continued to retreat from a five-month high. London's blue chip index was down 0.4% at 6,836 early on, with updates from a number of blue chips receiving a mixed reaction from
Read moreLondon pre-open: Weak start expected as Greek concerns mount
5th Feb 2015 07:28
Optimism surrounding Greece, which sent UK markets to a five-month high earlier this week, quickly faded on Thursday with stocks expected to drop early on. The cautious start also comes ahead of a monetary policy decision in the UK, with a statement from the Bank of England due out at noon. City so
Read moreBT confirms terms of £12.5bn EE takeover, equity placing
5th Feb 2015 07:18
BT has confirmed reports it has settled on terms of its acquisition of EE from Deutsche Telekom and Orange, saying it will be spending £12.5bn on the UK mobile network. BT has been in exclusive talks since December with Deutsche Telekom and Orange about buying Britain's largest mobile network in a m
Read moreThursday newspaper round-up: BT buys EE, Starbucks profits, Rising wages
5th Feb 2015 05:15
BT has finalised a £12.5bn deal to purchase EE from Deutsche Telecom and Orange, according to The Telegraph. Talks have been taking place since December and reports claim an agreement was reached Wednesday night. Starbucks reported a profit in Britain for the first time in 17 years, wrote The Times.
Read moreBT set to acquire EE in £12.5bn deal
4th Feb 2015 17:36
Telecom giant BT has completed the acquisition of mobile operator EE from Deutsche Telekom and Orange for £12.5bn. According to sources cited by the Financial Times, a process of due diligence has been completed without any issue and the British telecom group is expected to officially announce the d
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