London midday: BoE adds to gloom
11th Aug 2010 12:08
London has lurched lower still after the Bank of England lowered its forecasts for economic growth in 2011 while raising inflation expectations. The Bank is now predicting economic growth of 2.5% in 2011, down from a previous forecast of 3.4%. He predicted that inflation would remain above the 2%
Read moreLondon open: Gloomy start for blue chips
11th Aug 2010 08:55
London has made a gloomy start after last night's disappointing assessment of the US economy by Federal Reserve policymakers. The Bank of England is expected to add to the gloom today if it cuts its estimate of UK growth as is being widely forecast. Only five blue chips are making headway this mo
Read moreXP Power founder trims holding
4th Aug 2010 16:28
XP Power deputy chairman James Peters raised £1.47m from a share disposal two days after bumper interim figures from the power control products supplier. Peters sold 200,000 shares at 735p each. Peters founded XP in 1988 and still owns nearly 2.7m shares, which is equivalent to 14%. That still mak
Read moreINTERVIEW: BT May Bid For UK Mobile Spectrum - CEO
30th Jul 2010 14:56
By Lilly Vitorovich Of DOW JONES NEWSWIRES LONDON (Dow Jones)--BT Group PLC (BT.A.LN) may bid for mobile spectrum in the U.K. government auction, but it's not high on the telecommunication firm's to-do list, Chief Executive Ian Livingston said Friday. "We'll have a look, but again its
Read moreUPDATE: TalkTalk Signs Vodafone Deal As Revenue Rises
30th Jul 2010 09:03
(Adds management comments, details) By Lilly Vitorovich Of DOW JONES NEWSWIRES LONDON (Dow Jones)--TalkTalk Telecom Group PLC (TALK.LN) said Friday it has secured a new deal with Vodafone Group PLC's (VOD.LN) U.K. wholesale business to give its customers mobile voice and broadband servi
Read moreMARKET TALK: Deutsche Bank Lowers Fastweb To Hold
30th Jul 2010 07:52
0652 GMT [Dow Jones]--Deutsche Bank analysts cut Fastweb (FWB.MI) to hold from buy and lower target price by 8.8% to EUR15.50 to reflect disappointing quarterly results. Analysts acknowledge that the stock is cheap by the news flow is not helpful and believes that the company could benefit from aggr
Read moreLondon close: US gloom offsets company cheer
29th Jul 2010 16:33
Footsie closed slightly in the red, despite starting well on the back of well-received company updates, as weakness in the US spread across the Atlantic. AstraZeneca closed sharply higher. The group's potential blockbuster heart drug Brilinta has received the backing of a US advisory panel just as
Read moreFTSE 100 movers: Results push market higher
29th Jul 2010 14:30
A raft of good results has boosted Footsie today. Scientific journals and magazines publisher Reed Elsevier says advertising and promotion markets are stabilising as underlying revenues increased 1% in the first half. AstraZeneca's potential blockbuster heart drug Brilinta has received the backi
Read moreLondon afternoon: Footsie off the top
29th Jul 2010 14:28
The Footsie drifted lower over the lunch time session though still remained in positive territory, thanks in large part to enthusiastic responses to results from heavy hitters AstraZeneca, BT and Reed Elsevier. AstraZeneca is sharply higher. The group's potential blockbuster heart drug Brilinta has
Read moreUPDATE:BSkyB Earnings Up On Strong HD Demand;Strikes HBO Deal
29th Jul 2010 13:20
(Rewrites, adds detail.) By Lilly Vitorovich Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Takeover target British Sky Broadcasting Group PLC (BSY.LN) Thursday posted solid fourth-quarter earnings as the World Cup boosted demand for its high-definition service, and said it has struck a de
Read moreLondon midday: PartyGaming jumps on bwin merger
29th Jul 2010 11:57
Company results have given traders plenty to ponder and shares are broadly higher, but online betting group PartyGaming is the star performer after announcing a merger with Austrian rival bwin. PartyGaming said the merger would create the world's largest listed online gaming business. Elsewhere i
Read moreUPDATE: BT Talking To UK Govt About Cuts; Confirms Outlook
29th Jul 2010 09:49
By Lilly Vitorovich Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Telecommunications firm BT Group PLC (BT.A.LN) Thursday reiterated that it is in talks with the U.K. government over plans to slash public spending as it kept its full-year outlook and posted solid first-quarter results underpin
Read moreLondon open: Astra leads advance
29th Jul 2010 08:49
London's blue chips are cautiously higher in early dealings on Thursday as investors consider a bunch of corporate figures. AstraZeneca is the best performer in early dealings. The group's potential blockbuster heart drug Brilinta has received the backing of a US advisory panel just as the drug gia
Read moreMARKET TALK: BT Group 1Q Update Solid - Berenberg
29th Jul 2010 07:51
0651 GMT [Dow Jones] BT Group (BT.A.LN) reports a solid 1Q update, says Mandeep Singh at Berenberg Bank, with group revenues a little better than expected and Ebitda 2% ahead of consensus. Says FY guidance is unchanged, but the language sounds more cautious. Says the quarterly cashflow is very stron
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
29th Jul 2010 07:51
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0651 GMT [Dow Jones] BT Group (BT.A.LN) reports a solid 1Q update, says Mandeep Singh at Berenberg Bank, with group revenues
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