London midday: UK stocks surge on PBoC stimulus, ECB hopes
21st Nov 2014 12:00
UK stocks jumped on Friday as resources shares raced ahead after China's central bank surprised the market with its first interest-rate cut in two years in an effort to boost growth. After falling for the last two sessions, the FTSE 100 was up 0.8% at 6,733 by midday with the heavyweight mining and
Read moreLondon open: Oil and mining stocks push FTSE higher early on
21st Nov 2014 08:35
The UK stock market rebounded on Friday morning after two days of declines, as mining shares recovered after recent losses. Concerns about slumping iron-ore prices - currently trading at five-year lows - and slowing growth in China weighed heavily on the heavyweight resources sector in London on Thu
Read moreLondon midday: UK stocks fall as global PMI data dampens sentiment
20th Nov 2014 11:45
The UK stock market slumped on Thursday as a wave of disappointing economic data and speculation about a looming interest-rate hike in the States prompted investors to tread cautiously. London's FTSE 100 was down 0.7% at 6,649 by midday, with the heavyweight mining sector providing a drag as figures
Read moreLondon open: Manufacturing PMIs, FOMC minutes push UK stocks lower
20th Nov 2014 08:31
Weak economic data from China and the Eurozone and a hawkish set of Federal Reserve minutes pushed UK stock markets lower on Thursday morning. The FTSE 100 in London was trading down 0.3% at 6,675 in early deals. The preliminary HSBC purchasing managers' index (PMI) for Chinese manufacturing releas
Read moreLondon pre-open: Stocks set to slip after FOMC minutes
20th Nov 2014 07:58
UK stocks are expected to fall slightly on Thursday morning as investors react to the latest set of minutes from a policy meeting at the Federal Reserve. City sources predict the FTSE 100 will open around eight points lower than Wednesday's close of 6,696.60. Minutes from the late-October Federal O
Read moreCentrica warns on profits for full year and 2015
20th Nov 2014 07:06
British Gas and Direct Energy owner Centrica has warned that its full year and 2015 earnings will be lower than previously guided due to "a number of challenges" including low oil and gas prices, cold weather in the US, warm weather in the UK and boiler inspections at its power stations. The energy
Read moreCentrica's managing director of international downstream steps down
31st Oct 2014 09:22
Centrica's managing director of the international downstream division will leave the company at the end of the year. Chris Weston leaves the owner of British Gas after 11 years, leading a number business in North America and in the UK. The company said Ian Peters, currently managing director Britis
Read moreCharles Stanley reaffims 'hold' on Centrica
20th Oct 2014 16:44
On Monday, British investment management firm Charles Stanley reaffirmed its 'hold' status for Centrica shares. The energy provider reported first half figures in line with lowered expectations reflecting the challenges facing the company on both sides of the Atlantic, Charles Stanley wrote in a not
Read moreOfgem launches investigation into British Gas, E.ON and npower
14th Oct 2014 14:27
Energy regulator Ofgem has launched an investigation into British Gas, E.ON and npower over their low roll-out performance of advanced electricity meters. The government's advanced meter roll-out scheme has required electricity suppliers to fit 155,000 business customers with advanced electricity me
Read moreCentrica purchases one million of its own shares
29th Sep 2014 09:03
Centrica has announced on Monday the purchase of one million Centrica ordinary shares through Goldman Sachs International at an average price of 307.161p per share. The highest price and the lowest price paid for these shares were 308p and 306p respectively. The purchased shares will be held as tre
Read moreMonday broker round-up UPDATE
22nd Sep 2014 11:28
Avation: WH Ireland shifts target price from 200p to 206p and maintains a buy recommendation BAE Systems: UBS raises target price from 460p to 505p and reiterates a buy recommendation. Centrica: Goldman Sachs ups target price from 385p to 396p leaving its buy recommendation unchanged. Chariot Oil
Read moreEnergy companies to refund around 3m customers
10th Sep 2014 11:05
Around three million households will be able to claim back money from the so-called "big six" energy companies from Wednesday. The move comes after industry regulator Ofgem uncovered accumulated funds resulting from unclaimed balances by customers who had switched to a different energy supplier or m
Read moreWednesday newspaper round-up: Scottish referendum, Apple, UK energy...
10th Sep 2014 07:18
Buckingham Palace has taken the unprecedented step of warning politicians not to drag the Queen into the battle over Scottish independence. In unusually forceful language betraying signs of irritation at the highest level, a palace spokesman rejected calls from MPs, including Labour’s Simon Da
Read moreLondon midday: Gains limited as investors await ECB meeting, Draghi
4th Sep 2014 12:09
- Draghi in focus as ECB decides on policy - BoE holds rates, global data ahead - Standard Life surges after Canadian deal - EasyJet, Supergroup and Go-Ahead rise techMARK 2,868.07 +0.03% FTSE 100 6,888.35 +0.21% FTSE 250 15,960.26 -0.20% UK market were rangebound on Thursday morning, fluctuating
Read moreLondon open: Standard Life leads UK stocks higher, but gains limited ahead of ECB
4th Sep 2014 09:00
- Expectations high ahead of ECB meeting - BoE decision and global economic data also in focus - Standard Life surges on cash return news - FTSE 100 nears 14-year and record intraday high techMARK 2,868.54 +0.04% FTSE 100 6,881.13 +0.11% FTSE 250 15,977.67 -0.09% UK stocks were close to a 14-year
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