London midday: Bargain-hunting helps UK stocks rebound
11th Aug 2014 12:03
- Geopolitical tensions ease slightly - Gaza, Ukraine, Iraq news-flow improves - Balfour rejects Carillion approach again techMARK 2,718.86 +0.91% FTSE 100 6,613.50 +0.70% FTSE 250 15,425.38 +1.19% UK stocks were performing well on Monday morning as investors took advantage of easing geopolitical
Read moreLondon open: UK stocks rebound from four-month low
11th Aug 2014 09:03
- FTSE 100 gains after hitting lowest since 15 April - Israel, Hamas agree to 72-hour ceasefire - Chinese inflation unchanged in July - Centrica falls on EDF outage, Balfour rejects Carillion techMARK 2,712.26 +0.67% FTSE 100 6,607.04 +0.60% FTSE 250 15,355.95 +0.74% UK stocks rebounded on Monday
Read moreLondon pre-open: Strong performance in Asia to lift blue chips
11th Aug 2014 07:50
London's blue chips are heading for a positive start to the week following an upbeat performance by Asian stocks overnight. City sources predict the FTSE 100 will open around 40 points higher than Friday's close of 6,567.36. The gains have been driven by an in line consumer price index (CPI) from
Read moreBalfour Beatty rejects Carillion's latest takeover bid - UPDATE
11th Aug 2014 07:40
Construction group Balfour Beatty has rebuffed another takeover proposal from rival Carillion over a row about Balfour's plan to sell its US Parsons Brinckerhoff subsidiary. Balfour, which rejected Carillion's initial approach after the latter had changed the terms to keep Parsons in the group, sai
Read moreMonday newspaper round-up: Iraq, Balfour-Carillion, BoE...
11th Aug 2014 06:57
The United States is exploring options to evacuate thousands of Iraqi civilians trapped on a mountain in northern Iraq by Islamic militants after four nights of humanitarian relief airdrops, officials in Washington said. At least half of the 40,000 people besieged by jihadists on Mount Sinjar had es
Read moreSunday newspaper round-up: Barclays, Carillion-Balfour, Ofgem
10th Aug 2014 18:30
Rona Fairhead, the former boss of the Financial Times, and Howard Davies, the ex-chief City regulator, are the two leading candidates to chair Barclays, the Sunday Times reported. Fairhead ran the FT for seven years and is a non-executive director at HSBC. Davies is the Government's favourite troubl
Read moreSunday newspaper round-up: Carillion-Balfour, share sell-off, Lloyds Banking
3rd Aug 2014 18:04
Carillion plans to put Balfour Beatty in a "bear hug" to tempt Balfour's shareholders to support its attempted takeover, the Sunday Times said. Carillion last week scuppered a planned all-share merger when it backtracked on the agreed sale of Balfour's Parsons Brinckerhoff US design consultancy. Wit
Read moreFTSE 250 movers: Laird leads after small beat with H1 results
31st Jul 2014 16:21
First-half results from specialist electronics component maker Laird were slightly ahead of market expectations, pushing the stock into the top spot on Thursday afternoon. The group posted organic year-on-year revenue growth of 10% and improved operating margins. Although revenue from its largest
Read moreLondon pre-open: FTSE to rise after Fed takes dovish stance
31st Jul 2014 07:40
The FTSE is set to open around 15 points higher at around 6,788 following mixed sessions in both the US and Asia overnight, which came after the Federal Reserve signalled that interest rates were unlikely to move before next summer. The Fed said in a statement that labour market conditions had impr
Read moreBalfour Beatty drops plan to merge with Carillion - UPDATE
31st Jul 2014 07:17
Construction group Balfour Beatty has called off its planned merger with rival Carillion after Carillion said it would only press ahead with the deal if Balfour ditched plans to sell its Parsons Brinckerhoff US engineering division. Balfour, which has faced challenges in the last few months resulti
Read moreSunday newspaper round-up: Home Retail, strong pound, Lloyds Banking Group
27th Jul 2014 18:00
Home Retail Group is considering a sale of its £1.5bn Homebase DIY chain, the Mail on Sunday said. Home Retail wants to concentrate on its core Argos business under new group Chief Executive John Walden, who turned around Argos in the previous two years. Stronger sales and profitability at Homebase
Read moreFTSE 250 movers: Carillion and Balfour lead on merger talk
25th Jul 2014 14:37
Both Carillion and Balfour Beatty leapt after they confirmed rumours they are in discussions about a possible merger. The preliminary talks are to develop a strategy and outline a business plan for a combined entity, which it said would be "underpinned by the evaluation of achievable synergies, futu
Read moreLondon midday: FTSE in red despite GDP data, RBS results
25th Jul 2014 12:05
- FTSE down 8.42 at 6,813.04 - Q2 GDP in line with expectations at 0.8% - RBS leads, BSkyB in bottom spot - Carillion and Balfour in merger talks techMARK 2,810.19 -0.42% FTSE 100 6,814.09 -0.11% FTSE 250 15,740.00 -0.06% London's blue chips remained in the red by lunchtime despite a strong perfor
Read moreCarillion and Balfour in talks over possible merger
25th Jul 2014 11:42
FTSE 250 engineering groups Carillion and Balfour Beatty on Friday confirmed rumours they are in discussions about a possible merger. The preliminary talks are to develop a strategy and outline a business plan for a combined entity, which it said would be "underpinned by the evaluation of achievab
Read moreCarillion JV agrees further contracts worth up to £2.8bn
24th Jul 2014 08:57
Carillion's joint venture with Amey has signed agreements for three further contracts that have a potential value of up to £2.8bn. The contracts form the final part of the Defence Infrastructure Organisation's (DIO) Next Generation Estate Contracts (NGEC) programme to maintain and upgrade defence
Read more