London midday: Stocks inch lower on mixed data and earnings
23rd Apr 2014 11:37
- AB Foods jumps, ARM and Sports Direct fall - UK borrowing falls more than expected - Chinese manufacturing still in contraction - Eurozone business activity improves techMARK 2,740.84 +0.09% FTSE 100 6,670.05 -0.18% FTSE 250 15,991.94 -0.56% UK stocks pulled back from a three-week high on Wednes
Read moreLondon open: Stocks edge higher, AB Foods jumps on Primark expansion
23rd Apr 2014 08:40
- AB Foods jumps on Primark expansion plans - Stocks rise, but upside limited - BoE minutes, economic data ahead - Chinese manufacturing PMI contracts again techMARK 2,749.64 +0.41% FTSE 100 6,688.65 +0.10% FTSE 250 16,067.20 -0.09% UK stocks edged higher on Wednesday morning with Primark owner As
Read moreLondon midday: Stocks erase early gains, BoE holds rates
10th Apr 2014 11:50
- BoE holds rates, US jobless claims ahead - FOMC minutes reveal dovish stance - M&S erases gains after trading update - RBS pays to cancel dividend access share techMARK 2,733.65 +0.13% FTSE 100 6,640.82 +0.08% FTSE 250 16,217.66 +0.33% UK stocks mostly erased gains by Thursday lunchtime after th
Read moreLondon open: Stocks rise strongly after Fed minutes
10th Apr 2014 08:32
- FOMC minutes reveal dovish stance - BoE, economic data in focus today - M&S, Hays and 888 gain after trading updates - RBS pays to cancel dividend access share techMARK 2,751.14 +0.77% FTSE 100 6,683.98 +0.73% FTSE 250 16,298.45 +0.83% UK stocks advanced on Thursday, following a strong performan
Read moreBritish Gas fined 5.6m pounds for switching errors
10th Apr 2014 07:09
The UK energy regulator has fined the business arm of Centrica 5.6m pounds for errors in its switching and renewal processes. Ofgem found British Gas Business incorrectly blocked businesses from switching and failed to give some businesses notice that their contract was due to end. The watchdog sa
Read moreLondon close: Stocks finish in the red, World Bank forecast drags
7th Apr 2014 16:55
- World Bank cuts China growth forecast - UK consumer confidence slides - German industrial output grows techMARK 2,730.09 -1.46% FTSE 100 6,622.84 -1.09% FTSE 250 16,262.84 -1.04% UK stocks kicked off the week in a negative fashion, weighed by a poor performance in other markets across the globe
Read moreSector movers: Electricity, utility stocks gain as risk appetite falls
7th Apr 2014 15:27
Just two sectors - electricity and utilities - were trading in positive territory on Monday as investors sought out 'safer' defensive stocks in the face of a wider market sell-off. Defensives sectors are those which have a low correlation to economic activity and generally perform well in times of
Read moreFTSE 100 movers: Tullow Oil climbs after unveiling refinancing deal
7th Apr 2014 14:29
Tullow Oil has refinanced its 500m dollar corporate revolving credit facility to boost its balance sheet. The oil and gas company has increased the facility to 750m dollars and extended the tenor to April 2017. Irish building materials group CRH was also making gains today following news that its t
Read moreMonday newspaper round-up: IMF, Business investment, Consumer spending
7th Apr 2014 07:14
Almost one year ago the International Monetary Fund (IMF) urged the Chancellor George Osborne to abandon austerity and implement a so-called 'Plan B' to stimulate growth. However, as he prepares to head to the US this week, for the IMF's spring meetings, the Washington-based international lender is
Read moreLondon close: Markets may be underestimating deflation risks in euro area
2nd Apr 2014 17:15
- Stocks extend three-week high - ECB, US data ahead - Antofagasta unharmed by Chile quake techMARK 2,782.92 -0.04% FTSE 100 6,659.04 +0.10% FTSE 250 16,415.96 +0.05% The Footsie ended the day slightly in the blue after the release of largely in-line data on US manufacturing orders alongside a sli
Read moreBroker tips: Glaxo, Centrica, FirstGroup, ASOS
2nd Apr 2014 12:17
Panmure Gordon has said that the disappointing outcome of GlaxoSmithKline's (GSK) clinical trial for its therapeutic cancer vaccine MAGE-A3 is already priced into the stock. Panmure said that MAGE-A3 could have been one of the "three particularly transformative pipeline opportunities". However, giv
Read moreLondon midday: Markets edge higher but gains limited
2nd Apr 2014 11:48
- Stocks extend three-week high - ECB, US data ahead - Antofagasta unharmed by Chile quake - Sports Direct extends gains on expansion potential techMARK 2,795.73 +0.42% FTSE 100 6,666.62 +0.21% FTSE 250 16,470.77 +0.39% The FTSE 100 had pushed into positive territory by Wednesday lunchtime, but ga
Read moreCentrica's British Gas likely to freeze prices, says Credit Suisse
2nd Apr 2014 11:43
Credit Suisse has lowered its estimates for Centrica, saying that a 2015 price rise at British Gas is no longer likely. The bank said that after the decision by SSE to freeze residential prices until at least January 2016, Centrica "has to follow suit". SSE is the second-largest energy supplier i
Read moreFTSE 100 movers: Aberdeen slides after target price cut
27th Mar 2014 15:05
Aberdeen Asset Management declined on the back of Credit Suisse's decision to cut its target price on the stock from 470p to 415p, reiterating its 'neutral' rating. WPP climbed after announcing its fourth acquisition of the week. Today saw the group reveal that its wholly-owned operating company,
Read moreLondon midday: Blue chips fall as Crimea concerns hit markets
27th Mar 2014 12:09
- Crimea concerns hit markets after Obama warning - Banks, miners provide a drag - Babcock drops after Avincis deal, Tullow disappoints - Ofgem report weighs on utilities techMARK 2,770.56 -0.43% FTSE 100 6,571.17 -0.52% FTSE 250 16,206.99 -0.28% The UK stock market retreated from a two-week high
Read more