FTSE 100 movers: Banks push Footsie up
16th Apr 2010 10:07
London's leading shares have moved into the blue thanks to good performance from the banking sector. Royal Bank of Scotland is leading after broker BofA Merrill Lynch said the bank could benefit from the economic recovery. Merrill raised its 12-month price target for the shares to 65p from 45p. Llo
Read moreFriday newspaper round-up: BT, Asda, Prudential
16th Apr 2010 06:20
Orange has opened up a new front in the fight for broadband customers after abandoning its fixed-line network and cutting a deal with BT to offer better high-speed internet. The move is Tom Alexander's first significant strategic decision as chief executive since Orange and T-Mobile merged last mont
Read moreFTSE 100 movers: Banks keep Footsie up
15th Apr 2010 11:45
London's leading shares are just above flat as good gains from banks are being offset by weak defensives. Investors are keen on the likes of Barclays, Royal Bank of Scotland and HSBC Holdings but defensives are proving a drag. Reckitt Benckiser, Unilever are lower while G4S, Centrica and Thomas Coo
Read moreLondon close: Footsie moves past 5,800
14th Apr 2010 16:35
Positive sentiment as the US first quarter earnings season gets under way helped inject a bit of life into Footsie following recent sluggishness, sending it past the 5,800 point mark, though it settled slightly lower. Forecast-topping results from computer chip maker Intel yesterday were interprete
Read moreLondon afternoon: Upward trend continues
14th Apr 2010 14:26
London consolidated gains over the lunch-time session on another quiet day for corporate news. Forecast-topping results from computer chip maker Intel yesterday have been interpreted as a clear sign that the recovery in the global economy is not running out of steam, and that has led to a rise in b
Read moreFTSE 100 movers: Brokers boost BT and Burberry
14th Apr 2010 12:06
BT leads the way after some upbeat comment on the telecoms group from Morgan Stanley, which notes that it is about a quarter cheaper than US peer AT&T in terms of yield. Burberry, whose target price is raised to 750p from 650p by Deutsche Bank in expectation that the weak pound will lift the fashi
Read moreLondon midday: BT heads field after broker tip
14th Apr 2010 12:02
Having been largely responsible for the Footsie's fall yesterday miners are driving the blue-chip index higher today, enabling the index to move close to the 5800 level despite the presence of the usual Wednesday batch of ex-dividend stocks. Forecasting topping results from computer chip maker Inte
Read moreLondon close: Footsie bounds ahead
1st Apr 2010 16:57
London's blue chips moved forward again with miners and resource stocks driving the index upwards ahead of the Easter break. Footsie is now up by over 6% since the start of the year and by 45% over the past 12 months. Miners and oil companies were lifted as manufacturing activity accelerated in C
Read moreLondon afternoon: Footsie rise continues
1st Apr 2010 15:26
London's blue chips are being dragged forward by the US, which has opened very strongly ahead of the Easter break. Miners and oil companies continue to do well after manufacturing activity accelerated in China, while confidence in the Japanese manufacturing sector also improved. Xstrata, Randgold
Read moreLondon midday: Miners drive Footsie higher
1st Apr 2010 11:59
Resource stocks drove Footsie higher this morning ahead of the Easter break as commodity prices advance. Manufacturing activity has accelerated in China, while confidence in the Japanese manufacturing sector also improved. Xstrata, Randgold Resources, Rio Tinto and Vedanta Resources are the best p
Read moreLondon close: Up and down day for London
31st Mar 2010 17:07
The movements of the blue-chip index looked like they were being directed by the grand old Duke of York on Wednesday, with the market finishing neither up nor down. British Sky Broadcasting (BSkyB) was predictably outraged at the decision by telecoms regulator Ofcom to order it to make its two top
Read moreLondon afternoon: Footsie slides into negative territory
31st Mar 2010 14:09
After a bright start London has turned lower in the afternoon session in anticipation of a weak start on Wall Street. Televised sport is big news on the trading screens as telecoms regulator Ofcom ordered BSkyB to make its two top sports channels available to rivals at a 23% discount to the curren
Read moreLondon open: BSkyB shrugs off Ofcom attack
31st Mar 2010 08:49
Footsie is higher in early dealings as investors digest updates from food-related stocks and big news for televised sports. Telecoms regulator Ofcom is on a collision course with BSkyB after it ordered the satellite broadcaster to make its two top sports channels available to rivals at a 23% discou
Read moreUpdate: Ofcom ruling angers Sky, disappoints BT
31st Mar 2010 07:08
Telecoms regulator Ofcom is on a collision course with BSkyB after it ordered the satellite broadcaster to make its two top sports channels available to rivals at a 23% discount to the current price. The new price will be £10.63 (per subscriber per month) for each of Sky Sports 1 and 2 channels, wh
Read moreUnilever boss Paul Polman takes another bite
30th Mar 2010 15:14
Paul Polman, chief executive at Unilever, has been stocking up on shares in the Anglo-Dutch food and household goods giant, spending more than £360,000. He took 19,000 shares at 1,898.9p a time. A spokesperson for the company said this takes his holding to 54,448 shares. Polman was appointed as Un
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