Sector movers: Rio and the miners in the red
21st Sep 2011 15:01
The miners were the worst performers on Wednesday afternoon, with blue chips Antofagasta, Rio Tinto and BHP Billiton dragging the sector down. Rio Tinto reported that some customers have asked for deliveries of metals to be delayed, signalling that global economic weakness is hitting demand for com
Read moreFirst broker round-up of the morning: BT, Cairn, Spirent, Aurelian
19th Sep 2011 10:15
BT Group: RBS retains Buy rating, but trims target price to 210p. Cairn Energy: Alpha Value upgrades to Buy from Add. Rolls Royce: Citi reiterates Buy rating and 730p target, adding that, "Rolls Royce remains our Most Preferred stock in CIRA's Best Ideas database." Dairy Crest: Panmure Gordon
Read moreBT sells stake in Indian IT firm
5th Aug 2011 15:53
British telecoms titan BT has announced that it has sold its 51% stake in Accel Frontline, an IT infrastructure group based in Chennai, India. Through BT's 2008 acquistion of Singapore-based Frontline Technologies Corporation, the FTSE 100-listed firm took ownership of 42% of Accel and bought a fu
Read moreLondon close: Late rally lifts stocks
28th Jul 2011 16:41
Stocks finished in positive territory after a choppy day, with US economic data helping to spark a late rally. Weekly Initial jobless claims in the world's biggest economy fell below 400,000 for the first time since April and homes sales data also came in ahead of expectations. The rush of company
Read moreSector movers: Telecoms updates impress
28th Jul 2011 16:10
BT and TalkTalk are both contributing to the fixed line telecommunications sector's gains today. BT reported today that its profits jumped by a fifth in the first quarter, as the phone and telecoms giant was able to achieve a majority market share in new broadband connections. Broadband provider T
Read moreLondon midday: Stocks fall back after news flurry
28th Jul 2011 12:00
Stocks are in the red after this morning's splurge of company updates. Anglo-Dutch integrated oil company Royal Dutch Shell fell after it reported net income on a current cost of supplies (CCS) basis, excluding specific items, of $6.6bn, compared to $4.2bn in the second quarter of last year. The fi
Read moreLondon open: Footsie opens lower after flurry of results
28th Jul 2011 08:34
After a flurry of company results this morning, the Footsie fell into the red. While investors digest the figures, in the back of their minds they are still fretting about the US debt ceiling negotiations, with the Republicans and Democrats set for a show-down later on today in the House of Represen
Read moreProfits jump 20% at BT
28th Jul 2011 08:27
BT's profits jumped by a fifth in the first quarter, as the phone and telecoms giant was able to achieve a majority market share in new broadband connections. Pre-tax profit jumped by 20% in the three months to 30 June, from £446m to £533m. Earnings per share rose by 18% to 5.2p. "We continue to m
Read moreFTSE 100 Movers: BAE flies high after dividend boost
28th Jul 2011 08:23
Shares in BAE Systems were wanted after the firm boosted its interim dividend and announced a £500m share repurchase program. For the six months ended 30 June, the defence group reported a 13% drop in sales, saying that the fall was in line with expectations. Headline revenue was £9.2bn, compared
Read moreThursday newspaper round-up: Greece, Santander, UK banks
21st Jul 2011 06:27
Angela Merkel and Nicolas Sarkozy held crisis talks in Berlin amid warnings that a failure to break the debt crisis deadlock within 24 hours would send shockwaves around the global economy. Late on Wednesday night it was announced that both parties were close to a deal to bail out Greece, the Telegr
Read moreFriday newspaper round-up: Vedanta/Cairn, SFO, Paul Fisher, broadband spat
1st Jul 2011 06:04
India's Cabinet has finally given the go-ahead for London-listed mining company Vedanta Resources to take over Cairn Energy's prized India assets, nearly 11 months after the two companies first announced plans for the $9.6bn deal. However, New Delhi will require Cairn India's new owner to take on mo
Read moreBroker tips: BT, M&S, Rolls-Royce
24th May 2011 12:50
BT, the telecommunications titan, has had its rating upgraded by UBS after solid fourth quarter results. While underlying revenue declines matched previous quarters, the broker notes that underlying cost savings accelerated with strong savings in its core operations.Key performance indicators were
Read moreBroker snap: Solid fourth quarter for BT
24th May 2011 12:48
BT, the telecommunications titan, has had its rating upgraded by UBS after solid fourth quarter results. While underlying revenue declines matched previous quarters, the broker notes that underlying cost savings accelerated with strong savings in its core operations. Key performance indicators we
Read moreLondon open: FTSE 100 on the slide again
12th May 2011 08:26
Shares are firmly in the red again today, with miners on the slide in line with commodity markets and one or two trading updates setting traders' nerves on edge. Silver specialist Fresnillo leads the mining sector lower in the FTSE 100. Worries that China may further tighten monetary policy are hurt
Read moreUpbeat BT counts its cash
12th May 2011 07:56
Telecoms giant BT said its full year results are in line with or ahead of its outlook for the year. The phone and broadband provider saw revenue decline 4% to £20.08bn in the year to 31 March from £20.91bn a year earlier, but earnings before interest, tax, depreciation and amortisation (EBITDA) imp
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