FTSE 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 moreLondon open: Stocks track losses on Wall Street
27th Mar 2014 08:30
- FTSE 100 pulls back from two-week high - Babcock drops after acquisition, Tullow disappoints - Utilities fall after Ofgem report - UK and US data on tap today techMARK 2,770.54 -0.44% FTSE 100 6,567.22 -0.58% FTSE 250 16,203.40 -0.30% Falls from Babcock, Tullow Oil and utility stocks were weighi
Read moreOfgem sparks competition enquiry to break up 'big six'
27th Mar 2014 07:31
- Ofgem refers Big Six to CMA - CMA's powers include possible break-up of firms - Ofgem announces increased penalties UK energy regulator Ofgem has referred the 'big six' energy companies for a full-scale competition investigation that could see them broken up. Ofgem said the energy firms' bumper
Read moreLondon close: Flat finish for FTSE after earlier gains
26th Mar 2014 16:59
- FTSE closes flat at 6,605.30 - Insurance stocks recover - US 'core' durable goods orders fall techMARK 2,782.65 +0.32% FTSE 100 6,605.30 +0.01% FTSE 250 16,252.92 +0.62% It was a flat finish for the top tier index on Wednesday as investors balanced mixed US data, increased prospects of monetary
Read moreFTSE 100 movers: Standard Life rises on Ignis deal
26th Mar 2014 15:24
Standard Life was making decent gains after agreeing on a deal with Phoenix Group to sell the latter's Ignis Asset Management division. Standard Life said the 390m pound acquisition will enhance earnings from the first full year of ownership. RSA is holding near the top of the leaderboard, part of
Read moreWednesday newspaper round-up: Sainsbury, SSE, Ukraine crisis
26th Mar 2014 06:53
For Clive Black, the Head of Research at Shore Capital, there is now a much more convincing case for the Qatar Investment Authority (QIA) to make a more strategic investment in troubled supermarket operator Sainsbury. After all, the grocer has an attractive annual cash return backed by assets. That
Read moreCentrica buys Irish energy business Bord Gáis Energy
25th Mar 2014 07:32
Centrica has agreed to buy Irish energy business Bord Gáis Energy (BGE) from state-owned Bord Gáis Éireann for 1.1bn euros. The company is joining forces with Brookfield Renewable Energy Partners L.P. and iCON Infrastructure Partners II, L.P to acquire BGE. The transaction is expected to be comple
Read moreSector movers: Energy suppliers fall on fears of competition probe
24th Mar 2014 14:59
Electricity and utility stocks were trading lower on Monday after weekend reports that Ofgem could refer the 'Big Six' energy suppliers to competition regulators. The Sunday Times said that an Ofgem report on the energy market, due this month, could lead to a referral of the Big Six to the Competi
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