Sector movers: Telecoms gain wth Vodafone deal in sight
2nd Sep 2013 16:24
Shares in telecoms giant Vodafone were continuing to rise on Monday after the company confirmed that it is in 'advanced' talks with Verizon about selling its stake in their US joint venture, Verizon Wireless (VZW). The stock, one of the largest listed companies in London by market cap, was up 3.4%
Read moreLondon midday: Stocks jump after strong manufacturing data
2nd Sep 2013 11:19
Strong manufacturing data from both the UK and China helped lift stock markets on Monday morning while concerns over a potential military strike against Syria eased. London's FTSE 100 was registering triple-digit gains by lunchtime, with the index trading a level not since August 15th. Manufactur
Read moreBroker tips: RBS, Fresnillo, BT, National Grid
2nd Sep 2013 11:17
Citigroup has maintained its 'sell' rating for UK lender Royal Bank of Scotland (RBS) and has slashed its profit forecasts for the company citing weak earnings momentum. The broker said that RBS remains its least-preferred UK bank "based on the shareholder structure, ongoing political and regulator
Read moreBroker snap: Credit Suisse sees upside at BT ahead of 'key' quarter
2nd Sep 2013 09:59
Credit Suisse has reiterated its 'outperform' rating and 350p target price for telecoms group BT ahead of the second-quarter update due next month, a 'key' quarter for the company. "We see BT's Q2 update as the first chance to assess the potential impact (direct & indirect) of BT's content strategy
Read moreSector movers: Telecoms jump as Vodafone-Verizon talks resume
29th Aug 2013 15:46
Telecoms were the best performers of the day on Thursday as a surge in the price of sector giant Vodafone provided a boost. Vodafone, one of the largest listed companies in London, saw shares rise 8.5% to 205.3p before the close of trade after confirming that it is back in talks with partner Verizo
Read moreFTSE 100 movers: Wood Group, CRH, Miners
20th Aug 2013 15:03
Wood Group was in the bottom spot after it warned problems with its Canadian business would have an impact on earnings growth. The group said it was scaling back its full-year EBITA growth guidance for its engineering division from 15% to 10-15%, reflecting some project delays and further weakenin
Read moreLondon midday: Corporate earnings weigh on stocks ahead of Fed minutes
20th Aug 2013 11:41
A number of poorly-received results from blue-chip companies and ongoing concerns about the future of US stimulus weighed heavily on markets on Tuesday morning, dragging the FTSE 100 to levels not seen in over six weeks. London's benchmark index reached an intraday low of around 6,400 early on befo
Read moreBT confirms Livingstone will step down as CEO next month
20th Aug 2013 10:08
Telecom giant BT confirmed that Ian Livingston will step down as Chief Executive on September 10th and immediately hand over to Gavin Patterson. The changeover was announced on June 19th. NR
Read moreLondon open: Stocks at six-week low as earnings disappoint
20th Aug 2013 08:21
Heavy falls from Wood Group, CRH and a host of miners were weighing on the FTSE 100 in early trading on Tuesday, pushing the index to levels not seen in over six weeks. London's benchmark index sunk by around 0.8% this morning, heading towards the 6,400 mark; the last time it closed lower was on Ju
Read moreFTSE 100 movers: Imperial Tobacco, ENRC, BT Group
15th Aug 2013 14:03
Imperial Tobacco Group led the FTSE higher as it said it was sticking to its full-year expectations despite a fall in volumes and sales amid difficult market conditions in Europe. Eurasian Natural Resources Corp. gained as speculation escalated over a takeover bid by its founders and Kazakhstan. B
Read moreBT, Virgin Media strike wholesale BT Sport deal
15th Aug 2013 09:05
BT and Virgin Media have signed a three year deal that will allow Virgin Media TV customers to watch BT Sport TV channels. The new arrangement will start this weekend, in time for the start of the Barclays Premier League. BT Sport 1, BT Sport 2 and ESPN will be automatically available to Virgin Me
Read moreLondon close: Stocks fall for fourth straight day
7th Aug 2013 17:00
The FTSE 100 finished in the red for the fourth straight day on Wednesday as worries over a withdrawal of stimulus in the US and an underwhelming statement from the Bank of England (BoE) dampened sentiment. Comments from a number of Federal Reserve officials and the ongoing improvement in US econom
Read moreLondon midday: Markets underwhelmed by Carney's dovish guidance
7th Aug 2013 11:38
The FTSE 100 had sunk sharply by Wednesday lunchtime as markets reacted negatively to the Bank of England's (BoE) new forward guidance and improved growth forecasts. All eyes were on new BoE Governor Mark Carney today as he unveiled the central bank's quarterly Inflation Report in which he was wide
Read moreLondon open: Stocks fall as markets await Carney's forward guidance
7th Aug 2013 08:31
Markets opened with moderate losses on Wednesday morning as investors turned nervous ahead of the Bank of England's inflation report, the first under the governorship of Mark Carney. The heavyweight mining sector was again providing a drag on the FTSE 100 as metals prices fell, while a number of b
Read moreDomino's Pizza CFO sells off large slice of shares
30th Jul 2013 16:19
The Chief Financial Officer (CFO) of Domino's Pizza more than halved his stake in the FTSE 250 pizza delivery chain on the same day the firm disappointed the market with its interim results. Lee Ginsberg, a chartered accountant who joined the firm back in 2004, sold a total of 70,000 shares on Tues
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