London 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
Read moreFTSE 100 movers: Centrica, ARM Holdings, Rexam
18th Dec 2013 14:52
Centrica was the top riser on Wednesday after the energy company said it would sell its Texas gas-fired power stations to Blackstone for 685m dollars and use the proceeds to extend its share buyback programme. Chipmaker ARM Holdings gained after Dixons Retail posted sales growth driven by tablet co
Read moreCentrica to increase buybacks after US power station disposal
18th Dec 2013 12:41
Centrica pledged to increase its buyback programme after agreeing the sale of its Texas gas-fired power stations. The owner of British Gas was the highest FTSE 100 riser at lunchtime on Wednesday as its US subsidiary, Direct Energy, agreed the $685m (£420m) disposal of three power stations to priva
Read moreFTSE 100 movers: RSA slumps on earnings downgrade
13th Dec 2013 15:44
RSA Insurance fell sharply from the off after lowering its 2013 earnings forecast after identifying issues in its Irish business and experiencing adverse weather in Europe. At the same time the group announced the resignation of group Chief Executive Simon Lee with immediate effect. Temporary powe
Read moreLondon midday: Markets edge higher after three straight losses
13th Dec 2013 11:15
- Taper speculation picks up after budget deal - RSA drops on profit warning, CEO exit - FTSE 100 rebounds from two-month low techMARK 2,662.49 +0.37% FTSE 100 6,457.75 +0.19% FTSE 250 15,251.18 +0.26% The FTSE 100 snapped three straight days of losses on Friday morning but was trading within a na
Read moreFriday broker round-up UPDATE
13th Dec 2013 09:36
African Barrick Gold: JP Morgan lowers target price from 180p to 170p leaving its neutral rating unaltered. Aggreko: Numis reduces target price from 1400p to 1234p downgrading from reduce to sell. Anglo American: Deutsche Bank reduces target price from 1780p to 1500p and downgrades to hold. JP Mor
Read moreLondon open: Markets flat at two-month low, RSA plummets
13th Dec 2013 08:26
- FTSE 100 flat after three straight losses - House passes budget deal at wide margin - Risk appetite still subdued ahead of Fed meeting - RSA plummets after profit warning, CEO exit techMARK 2,661.33 +0.33% FTSE 100 6,446.47 +0.02% FTSE 250 15,234.70 +0.15% UK markets opened more or less flat on
Read moreLondon close: Stocks fall one per cent on earnings, taper fears
12th Dec 2013 16:39
- Perform plummets after profit warning - Sports Direct and Wood Group fall sharply after results - Taper bets increase ahead of Fed meeting, US data in focus - FTSE 100 at lowest level since mid-October techMARK 2,652.61 -0.83% FTSE 100 6,445.25 -0.96% FTSE 250 15,211.54 -1.20% The FTSE 100 finis
Read moreSector movers: Defensive utilities gain amid wider market weakness
12th Dec 2013 15:25
The utilities industry was the only sector trading in positive territory on Thursday as investors turned to defensive assets amid a wider market sell-off. London's FTSE 100 was trading as much as 1% lower during today's session as investors scaled back their risk appetite ahead of a potential taper
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