Sunday newspaper round-up: Serco, Energy companies, Economic growth
10th Nov 2013 17:04
Serco will warn on November 14th that it will not meet forecasts for annual profits, the Sunday Times reported. The outsourcing company has been hit by Government allegations of fraud in contracts to tag prisoners. Investors had expected Serco to report annual profits of about £326m but analysts now
Read moreMonday newspaper round-up: IPOs, BT, Economic growth
4th Nov 2013 07:15
A string of oil and gas firms is expected to float on the junior stock market in the coming months as they tap in to a growing appetite for initial public offerings (IPOs). Accountancy firm EY's latest report on the sector's smaller companies shows flotation activity has already propelled business c
Read moreSunday share tips: Imperial Tobacco, Merlin, BT
3rd Nov 2013 13:36
Imperial Tobacco Chief Executive Alison Cooper has got a tough task in trying to make up for falling cigarette sales in the West, the Sunday Times's Danny Fortson said. In his Inside the City column, he argued Cooper had yet to produce ideas to get Imperial moving. Cost cuts and premium brands have
Read moreLondon close: FTSE drops 46 points as data comes in mixed
31st Oct 2013 16:22
- FTSE declines 46 points - Fed decision continues to weigh heavy - Data across the globe comes in mixed techMARK 2,662.03 -0.11% FTSE 100 6,731.43 -0.68% FTSE 250 15,479.95 -0.66% The FTSE 100 fell 46 points by the close on Thursday as investors took stock of the Federal Reserve's policy decisio
Read moreSector movers: Telecoms buzzes higher as BT lifts dividend dial
31st Oct 2013 16:16
BT led the fixed line telecoms sector higher on Thursday as it lifted its dividend and provided an update on a 'confident start' for its new BT Sport television channel. BT said increased adjusted half-year profits rose 3% to £1.204bn, and for the second quarter climbed 2% to £609m. This led to r
Read moreFTSE 100 movers: BT jumps after impressing with Sport package
31st Oct 2013 13:26
Telecomms heavyweight BT today reported a 13 per cent decline in half-year pre-tax profits to 948m pounds, but said the recently introduced BT Sport package had made a 'confident start'. Shares in the group floated higher, encouraged by a 13 per cent jump in the interim dividend to 3.4p and a reaffi
Read moreBT profits down but gives positive update on BT Sport
31st Oct 2013 07:49
- Reported PTP down 13 per cent - Adjusted PTP up three per cent - BT Sport off to good start Telecomms heavyweight BT on Thursday reported a 13 per cent decline in half-year pre-tax profits to 948m pounds, but said the recently introduced BT Sport package had made a 'confident start'. Shares in
Read moreBT Group gains on reports of dividend hike
28th Oct 2013 11:00
BT Group's shares climbed on market speculation that it will raise its dividend by more than 10 per cent when it reports its half year results on Thursday. The company's results are expected to reflect a growth in its mobile business and weak performance in TV, according to Nomura. "An Openreach r
Read moreLondon close: Stocks rally on hopes over 11th-hour deal in Washington
16th Oct 2013 16:24
Stocks swung sharply into positive territory on Wednesday afternoon with the FTSE 100 hitting a four-week high on that US leaders can come to a deal to raise the debt ceiling before tomorrow's deadline. Despite a weak start, the FTSE 100 finished up 22.48 points at 6,571.59, its highest level since
Read moreFTSE 100 movers: Hargreaves Lansdown extends yesterday's gains
16th Oct 2013 15:14
Shares of Hargreaves Lansdown were leading gains on the Footsie and may have broken above technical resistance at the 1,044p mark after yesterday reporting record levels of assets under administration (AuA) in the fiscal first quarter. The financial services company reported AuA of £39.3bn in the
Read moreSector movers: Telecoms rise as BT hits record high
16th Oct 2013 14:26
The fixed line telecommunications sector was the top performing category in London on Wednesday with gains from heavyweight firm BT Group providing a boost. BT was trading at an all-time high of 360.3p by 15:15 today, up 1.66% on the day, after Goldman Sachs upgraded its rating on the stock to 'con
Read moreLondon open: US uncertainty pulls FTSE 100 back from three-week high
16th Oct 2013 08:44
UK markets opened lower on Wednesday morning, pulling back from a three-week high, as optimism over a deal in Washington to avert a default began to fade. The FTSE 100 in London was registering small losses early on after hitting 6,549 on Tuesday, its highest level since September 24th. Stocks on
Read moreFriday newspaper round-up: Royal Mail, Milliband, Repo market
11th Oct 2013 07:11
Shares in the Royal Mail have been priced at 330p but no private investor who applied for shares will get more than 749.10 pounds-worth - and those who applied for more than 10,000 pounds will get nothing. The share price values the postal service at 3.3bn pounds, the government confirmed last night
Read moreGovernment body slams rural broadband roll-out
26th Sep 2013 09:24
MPs have issued a damning report attacking the way in which rural broadband has so far been rolled out across the UK. The report, issued by the Commons Public Accounts Committee (PAC), accused the government of failing to ensure sufficient competition by awarding BT all of the 26 contracts issued
Read moreLondon close: Markets jump on data, Syria delays
2nd Sep 2013 17:02
UK investors took advantage of low volumes on Monday to push the FTSE 100 nearly 1.5 per cent higher, with impressive manufacturing data and delays to potential action on Syria prompting a bullish mood. "After posting four negative weeks in succession today's market moves on the UK benchmark index
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