London midday: Financials lead markets higher
14th Jan 2013 11:46
UK stocks were trading cautiously on Monday morning ahead of the official start of US corporate earnings season. However, markets were registering slight gains after dovish comments from a member of the Federal Reserve Stateside. Federal Reserve Bank of Chicago President Charles Evans said that the
Read moreLondon open: Stocks flat as earnings season kicks off
14th Jan 2013 08:34
London's benchmark index opened more or less flat in early trading on Monday ahead of the official start of corporate earnings season in the US. "Attention remains on corporate earnings this week; in particular the banks, with Goldman Sachs and JP Morgan among others due to report. With earnings ex
Read moreLondon pre-open: Positive start to the year set to continue
14th Jan 2013 07:33
City sources predict the FTSE 100 will open up 14 points from Friday's close of 6,122, extending its strong start to the year. This follows a broadly flat finish in the US on Friday evening, ahead of what is a big week for the banks as the fourth-quarter earnings season kicks into gear. In UK co
Read moreBarr and Britvic merger delayed
14th Jan 2013 07:07
Drinks firms AG Barr and Britvic will have to wait until at least February to see if their merger will get the thumbs up from the regulator as the Office for Fair Trading (OFT) continues to probe the deal. The OFT is looking at whether the merger could result in a "substantial lessening of competit
Read moreBritvic and Barr merger passes shareholder vote
8th Jan 2013 13:38
Shareholders at Britvic and AG Barr have given the thumbs for the companies to merge. The firms expect the merger to go through on January 30th 2013. Under the terms of the merger Britvic shareholders will receive 0.816 AG Barr shares for every Britvic share held. This means Britvic shareholders
Read moreThursday broker round-up UPDATE
13th Dec 2012 07:22
Advanced Medical Solutions: Investec reduces target price from 93p to 68p and downgrades from buy to hold. Numis downgrades to hold, while maintaining the target price at 165p. Canaccord Genuity moves target price from 93p to 90p and retains a buy recommendation. Anglo American: JP Morgan moves tar
Read moreWednesday broker round-up UPDATE
28th Nov 2012 07:26
ARM Holdings: Barclays Capital raises target price from 750p to 820p, overweight rating kept. Assura Group: Oriel Securities starts with an add recommendation. Espirito Santo moves target price from 37p to 37.50p, buy recommendation unchanged. Britvic: Deutsche Bank raises target price from 370p t
Read moreLondon pre-open: Stocks to jump on Greek deal
27th Nov 2012 07:39
City sources predict the FTSE 100 will open up 29 points from yesterday's close of 5,787, after a deal was struck overnight to rescue the struggling economy of Greece. Under the deal, Greece will now be given until 2020 to reduce its debt-to-GDP ratio to 124%, while maturities on the debt have als
Read moreTuesday broker round-up UPDATE
27th Nov 2012 07:19
Aberdeen Asset Management: Citigroup raises target price from 320p to 345p and downgrades to neutral. JP Morgan raises target price from 330p to 414p, overweight rating unchanged. Credit Suisse moves target price from 323p to 380p, outperform rating kept. Exane BNP Paribas raises target price from 3
Read moreBritvic profits shrink after recall
27th Nov 2012 07:04
Soft drinks firm Britvic said progress among its carbonates brands was overshadowed by its Fruit Shoot recall along with the cold and wetter than usual British summer. Pre-tax profit fell 19.7% to £84.4m for the 52 weeks ended September 30th 2012 while revenue slipped 2.6% to £1.256bn. Costs associ
Read moreLondon close: Footsie drops over one per cent after Rehn comments
14th Nov 2012 16:32
- Olli Rehn says Spain has taken 'effective action' - UK data mixed; BoE cuts growth forecast - Mining and oil stocks sold off The Footsie lost nearly one per cent on Wednesday as risk appetite waned after comments from Olli Rehn on Spain and concerns about the global economy brought out the bears.
Read moreFTSE 250 movers: ICAP looking a bit peaky
14th Nov 2012 16:15
When the Chief Executive Officer says his company is facing one of the toughest periods in his 36-year business career, it should not be too much of a surprise that the shares take a hammering. ICAP, the inter-dealer broker, is the company in question and the shares were duffed over after the compa
Read moreLondon midday: Risk appetite drops as Eurozone crisis drags on
14th Nov 2012 11:35
- Eurozone in focus as general strikes hit periphery - BoE's King gives gloomy outlook for Q4 UK GDP - Resources firms provide a drag; AMEC jumps With general strikes taking place in Spain, Portugal, Greece and Italy today, concerns about the ongoing Eurozone crisis have reignited this morning, pus
Read moreLondon open: Stocks fall on global economic concerns
14th Nov 2012 08:24
- Stocks track US markets lower on fiscal cliff concerns - Spain said to be nearing bailout request - Banks fall after broker downgrades Concerns about the global economy took centre stage again on Wednesday morning, causing the Footsie to sink early on as general strikes take place in Spain, Portu
Read moreBarr and Britvic cocktail finally mixed
14th Nov 2012 08:02
J20 and Irn-Bru sounds like a disgusting combination and hopefully J20 maker Britvic and Irn-Bru maker AG Barr won't market a cocktail of the pair now the two giants of the UK soft drinks industry have agreed on a merger. Under the terms of the merger, which has been brewing for at least two months
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