TechMARK movers: BT Vision ad ban
23rd Dec 2009 14:56
A slump in BT shares appears to be down to its BT Vision offshoot. An advert for its broadband TV service has been banned because it appeared to claim that it showed certain movies before its rival Sky. The Advertising Standards Authority received two complaints from members of the public and one
Read moreADR REPORT: Shares Mostly Higher; Solar, Tech Lead Gainers
21st Dec 2009 22:47
By Aja Carmichael and David Benoit Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--International companies trading in New York closed generally higher Monday as solar and technology stocks led the market. The Bank of New York index rose 0.6% to 133.89. Thomson (TMS) shares rose 21% to
Read moreBroker tips: BT, Diageo, Segro
10th Dec 2009 11:52
Morgan Stanley has maintained its 'overweight' stance on BT and increased its price target to 190p from 175p previously. The broker says its rating is based on a clear path to £1.7bn Free Cash Flow To Equity (FCFE) before net pension top-ups by the 2012 full-year. "This is necessarily a "show me"
Read moreBroker snap: BT target up on cash flow growth
10th Dec 2009 09:42
Morgan Stanley has maintained its 'overweight' stance on BT and increased its price target to 190p from 175p previously. The broker says its rating is based on a clear path to £1.7bn Free Cash Flow To Equity (FCFE) before net pension top-ups by the 2012 full-year. "This is necessarily a "show me"
Read moreWednesday newspaper round-up: Royal Bank of Scotand, Barclays, Mitchells & Butlers
2nd Dec 2009 06:32
Alistair Darling was heading for a clash with the City's biggest institutional shareholders last night after the Treasury seized control of the bonus pool at Royal Bank of Scotland. Institutional investors raised concerns about RBS's ability to compete with rivals after the Treasury demanded the ri
Read moreLondon close: Footsie rallies above 5,300
1st Dec 2009 16:14
Strength in the US, a record gold price and fight back by the banks had London at session highs by the close of play. Markets decided that fears about Dubai's debt have been overdone. State-owned Dubai World said it had held "constructive" talks with banks and flagged plans to restructure nearly ha
Read moreLondon afternoon: Triple digit gain for Footsie
1st Dec 2009 14:59
Leading shares kicked on again in the afternoon session after US markets opened firmer, with the number of Footsie constituents showing a loss on the day being countable on the fingers of one hand. Mining stocks are going well on hopes of a sustained recovery in Chinese manufacturing. Silver miner
Read moreLondon midday: Footsie consolidates gains
1st Dec 2009 12:00
London is participating in a global rally by stock markets, as doubts over the Dubai debt crisis ease. Buoyant manufacturing data from China is lifting miners. HSBC said the Purchasing Manager's Index (PMI) for China climbed to a seasonally adjusted 55.7 in November from 55.4 in October. The index
Read moreLondon open: Footsie bounds ahead
1st Dec 2009 08:44
London's top stocks have opened strongly as concern over the situation in Dubai eases a little. Miners and banks are leading the rally following a strong performance by both groups on on Wall Street overnight. Royal Bank of Scotland is among the best performers this morning. It has been affected b
Read moreLondon pre-open: Shares set to recover
1st Dec 2009 07:37
London's top stocks look set to recover from their recent losses, with traders expecting Footsie to gain over 50 points early on. Travel operator TUI saw profits rise in the year to September 30 despite flat revenues despite reduced demand in the tough economic climate as it managed to raise ticket
Read moreRivals face bill for BT pension deficit
1st Dec 2009 07:10
Telecoms regulator Ofcom has asked for views before deciding whether to reflect the cost of BT's growing pension scheme deficit in its charges to rivals that use its network. To date, Ofcom has used BT's reported pension costs, excluding deficit repair payments, when determining regulated prices.
Read moreBroker tips: BT, BG Group, Burberry
18th Nov 2009 13:04
Broker Charles Stanley sees nothing much on the horizon to drive BT's share price over the medium term and has consequently switched its recommendation on the telecoms giant's shares from 'buy' to 'hold'. The broker has medium terms concerns over the assumptions underlying BT's pension fund deficit
Read moreBroker snap: BT 'fairly valued at best'
18th Nov 2009 12:00
Broker Charles Stanley sees nothing much on the horizon to drive BT's share price over the medium term and has consequently switched its recommendation on the telecoms giant's shares from 'buy' to 'hold'. Charles Stanley analyst Tom Gidley-Kitchin concedes BT's recent results were ahead at the earn
Read moreBroker snap: finnCap unimpressed by C&W
17th Nov 2009 12:40
The proposed demerger announced Tuesday morning by Cable & Wireless (C&W) is unlikely to unlock value from the telecoms company, according to broker finnCap. 'C&W have announced demerger details which seem to hold no surprises, and will presumably intend to play on the "unlocking value" stories whi
Read moreBroker tips: BT, Kazakhmys, Electrocomponents
13th Nov 2009 12:34
Nomura has turned negative on Kazakh miner Kazakhmys because it thinks the local currency may be revalued upwards, tax cuts may be limited and the shares fully reflect the strength in copper. The Japanese broker's stance on the shares is cut to 'reduce' from 'buy' with target price slashed to 1,065
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