Centrica falls after UK government says it could be broken up
10th Feb 2014 10:20
Shares in British Gas owner Centrica fell after the UK government ordered a probe into high household bills and suggested the company could be broken up. The stock was the highest faller in the FTSE 100 index in mid-morning trading after energy minister Ed Davey asked the competition authorities to
Read moreLondon open: Markets at two-week high as stocks edge up
10th Feb 2014 08:25
- FTSE 100 at highest since January 24th - Markets look ahead to speeches from central banker - Centrica feeling the heat after Energy Secretary claims techMARK 2,795.99 +0.20% FTSE 100 6,579.86 +0.12% FTSE 250 15,890.35 +0.16% UK stocks opened higher on Monday morning with the FTSE 100 trading at
Read moreMonday newspaper round-up: Barclays, BoE, Energy companies...
10th Feb 2014 07:23
Barclays is under scrutiny by regulators and could face a hefty fine after thousands of confidential customer files were stolen in a data breach described as catastrophic by an adviser to the business secretary, Vince Cable. The files, containing details on 2,000 individuals including their names, a
Read moreFTSE 100 movers: Miners lifted by Citigroup comments
16th Jan 2014 14:21
Mining stocks were performing well after Citigroup lifted its stance on the sector from 'neutral' to 'bullish', representing its first positive outlook for the industry in three years. The bank has labelled BHP Billiton, Rio Tinto and Glencore Xstrata as its "key picks" as it said that sentiment wil
Read moreLondon close: FTSE 100 breaks 6,800 to finish at eight-month high
15th Jan 2014 16:36
- Burberry jumps after Q3 growth beats forecasts - Anglo American gains after UBS upgrade - World Bank revises up growth forecasts - FTSE 100 at eight-month high; DAX hits new record techMARK 2,840.71 +0.79% FTSE 100 6,819.86 +0.78% FTSE 250 16,292.94 +0.35% Stocks finished strongly on Wednesday,
Read moreFTSE 100 movers: Hargreaves hit by changes under RDR
15th Jan 2014 14:56
Financial services company Hargreaves Lansdown plunged into the bottom spot today after it said that new rules under the Retail Distribution Review (RDR) would trim revenues by around 9m pounds and would reduce client charges by 8m pounds in the first 12 months and said it will need to gather approx
Read moreLondon midday: FTSE 100 closing in on 6,800 as stocks gain
15th Jan 2014 12:04
- Burberry jumps after Q1 sales growth - Anglo American lifted by UBS upgrade - Credit Suisse prefers life insurers over P&Cs - World Bank raises 2014 growth forecasts techMARK 2,830.56 +0.43% FTSE 100 6,791.80 +0.37% FTSE 250 16,254.51 +0.11% Stocks rose to an eight-month high on Wednesday mornin
Read moreBroker snap: Barclays downgrades Centrica and SSE
15th Jan 2014 11:51
Predicting a cost squeeze regardless of the result of the next UK general election, Barclays has downgraded both Centrica and SSE to 'underweight'. In a research note, utilities analysts at the bank said a retail margin squeeze appeared to be inevitable, as declining consumption and other forecast
Read moreLondon open: Burberry lifts FTSE 100 to eight-month high
15th Jan 2014 08:44
- Burberry jumps after Q1 sales growth - Anglo American lifted by UBS upgrade - World Bank raises 2014 growth forecasts techMARK 2,830.00 +0.41% FTSE 100 6,792.24 +0.38% FTSE 250 16,280.74 +0.28% Strong gains from Burberry and Anglo American helped markets higher on Wednesday morning, sending Lond
Read moreFTSE 100 movers: Morrison regains recent losses on dividend hopes
13th Jan 2014 15:17
Supermarket group Morrison was the top riser this afternoon as it continued to recover after a steep fall last week following a bigger-than-expected drop in like-for-like sales over Christmas. Broker Shore Capital said it expects activist investors to continue to show interest in Morrisons as report
Read moreFTSE 100 movers: RSA rises on confidence ahead of investigation result
8th Jan 2014 16:01
RSA Insurance climbed strongly ahead of receiving the results of an independent investigation after it reiterated its confidence that the recent financial irregularities are isolated to its Irish business. The results are due to be announced tomorrow. Banking stocks were extending yesterday's gain
Read moreLondon midday: Markets fall as Sainsbury leads retailers lower
8th Jan 2014 11:30
- Updates from Sainsbury, Mothercare, Majestic fail to impress - Eurozone retail sales, German factory orders beat forecasts - US data, central banks in focus over coming days techMARK 2,783.91 -0.20% FTSE 100 6,725.52 -0.44% FTSE 250 16,043.77 -0.16% The FTSE 100 pulled back from a two-month high
Read moreLondon pre-open: FTSE to inch higher ahead of European data
7th Jan 2014 07:31
City sources predict the FTSE 100 will open around seven points above yesterday's close of 6,730.73, largely ignoring declines suffered in both the US and Asia as attention turns to German unemployment and Eurozone inflation. A report issued yesterday showed that service-sector activity growth had
Read moreReed Elsevier names Centrica's Luff as CFO
7th Jan 2014 07:04
Anglo-Dutch information group Reed Elsevier has named Centrica's Nick Luff as its Chief Financial Officer (CFO). Luff will take over in 2014 from Duncan Palmer who announced his resignation in September 2013. Palmer will leave the business when a hand-over has been completed, the group confirmed in
Read moreFriday newspaper round-up: BAE Systems, interest rates, British Gas
20th Dec 2013 07:15
BAE Systems suffered a bruising setback after Britain's negotiations to supply 60 Typhoon fighter jets to the UAE collapsed and pricing talks on a separate deal with Saudi Arabia stalled. - Financial Times Millions of homeowners will be forced to rein in their spending or take a second job when int
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