ADR Report: Shares End Mixed As Europe, Asia See Weakness
18th Jun 2010 22:15
By Adam Cancryn Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--International companies trading in New York ended mixed Friday, with gains in the Latin American and emerging markets indexes offset by losses in the European and Asian indexes. The Bank of New York index of ADRs lost 0.2% to 1
Read moreLondon close: Winning streak comes to an end
18th Jun 2010 16:44
Hopes of Footsie making it eight days of rises in a row were dashed at the death. Leaders outnumbered laggards among FTSE 100 stocks but with BP giving up the gains of the morning after a downgrade from debt ratings agency Moody's the blue-chip index ended marginally easier on the day. BP, for once
Read moreFTSE 100 movers: Miners move higher
18th Jun 2010 15:19
Footsie has edged higher with mining companies leading the push higher. Miners Fresnillo, Lonmin and Randgold Resources are all higher. BT is lower due to worries about a potential strike. The Communication Workers Union wants BT to increase its 2% pay offer. UBS has cut its ratings for outso
Read moreLondon afternoon: Tesco hit by director pay rumblings
18th Jun 2010 14:29
Hopes of Footsie making it eight days of gains in a row were revived over the lunch-time session as the blue-chip index moved back into positive territory. Mining stocks are having a major say in Footsie's direction, with precious metals miners Fresnillo and Randgold to the fore. BP is higher desp
Read moreLondon midday: Footsie gives back early gains
18th Jun 2010 12:04
Footsie has now dipped into the red as the early rally by the miners faded away, though BP continues to recover. News that the net cash requirement for the public sector came in at £11.96bn, against expectations of £20.25bn has had little benefit. The accruals-based measure of public sector net bor
Read moreBT faces walkout as strike ballot begins
18th Jun 2010 11:44
The row over pay at telecoms giant BT intensified today as the union balloted staff over strike action. Leaders of the Communication Workers Union (CWU) want a 5% increase in wages for its 55,000 members at BT, but the company wants to spread the cost. It has offered 2% more this year and another
Read moreBT Group Extends Olive Branch To UK Union
18th Jun 2010 11:25
LONDON (Dow Jones)--BT Group PLC (BT.A.LN) Friday extended an olive branch to its biggest union by calling on the Communication Workers Union, which represents around half of its 128,000 staff, to resume talks after a union official said it may compromise on a pay deal. The U.K. telecommunicatio
Read moreLondon open: More gains for Footsie
18th Jun 2010 08:50
London's blue chips have risen for the past seven days and started higher again this morning. BP is higher despite the eight-hour verbal assault for chief executive Tony Hayward from US politicians yesterday. Hayward was up in front of a US Congressional Committee to explain how the Gulf of Mexico
Read moreMARKET TALK: S&P Equity Downgrades BT To Sell From Hold
17th Jun 2010 17:27
1627 GMT [Dow Jones] S&P Equity Research downgrades BT Group (BT.A.LN) to sell from hold following recent share price strength. Also says if News Corp (NWS), rated buy, is successful in taking full control of British Sky Broadcasting Group (BSY.LN), rated hold, this could pose a threat to BT's fledg
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
17th Jun 2010 17:27
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] 1627 GMT [Dow Jones] S&P Equity Research downgrades BT Group (BT.A.LN) to sell from hold following recent share price strengt
Read moreUPDATE: UK's CWU To Send Out Ballot Papers To BT Staff Friday
17th Jun 2010 15:43
(Adds BT comments.) LONDON (Dow Jones)--The U.K.'s Communication Workers Union said Thursday that ballot papers will be sent to the 55,000 BT Group PLC's (BT.A.LN) workers it represents on Friday as expected, asking them to vote in favor of industrial action over a pay dispute. If staff vot
Read moreUK's CWU To Send Out Ballot Papers To BT Staff Friday
17th Jun 2010 15:03
LONDON (Dow Jones)--The U.K.'s Communication Workers Union said Thursday that ballot papers will be sent to the 55,000 BT Group PLC's (BT.A.LN) workers it represents on Friday as expected, asking them to vote in favor of industrial action over a pay dispute. If staff vote in favor of a strike, i
Read moreBT Reaches Settlement With Broadcom Over Patent - Source
15th Jun 2010 15:32
LONDON (Dow Jones)--U.K. telecommunications firm BT Group PLC (BT.A.LN) has reached a settlement with U.S. semiconductor maker Broadcom Corp. (BRCM) over a patent, a person familiar with the situation said Tuesday. BT's V.42bis patent, which was issued in 1992, is for encoding, decoding and tran
Read moreSunday newspaper round-up: BP, George Osborne, Resolution
13th Jun 2010 10:49
BP is considering putting several billion dollars into a ring-fenced clean-up fund to appease American concerns over the soaring cost of the Gulf of Mexico oil spill. The fund is one of several options to be put to the company's board tomorrow ahead of a meeting on Wednesday between Barack Obama a
Read moreUPDATE: UK Union To Ballot BT Staff On Industrial Action
10th Jun 2010 13:45
(Adds detail, union comment.) LONDON (Dow Jones)--The U.K.'s Communication Workers Union, which represents around half of BT Group PLC's (BT) 128,000 staff, said Thursday it is pushing ahead with a nationwide industrial action ballot after five hours of talks with the U.K. telecom firm broke do
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