FTSE 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
Read moreLondon open: Markets flat on budget deal, taper speculation
11th Dec 2013 08:28
- US negotiators reach budget deal - Taper speculation ramps up ahead of Fed meeting - Imagination disappoints with poor H2 outlook - RBS Finance Director Bostock steps down techMARK 2,678.82 +0.23% FTSE 100 6,524.52 +0.02% FTSE 250 15,401.84 -0.06% Markets opened broadly flat on Wednesday in the
Read moreSunday newspaper round-up: Centrica, RBS, H&T
8th Dec 2013 19:07
The Chairman of Centrica has called for an end to "Punch and Judy" arguments about energy prices as analysts calculated that up to £11bn has been wiped off the value of energy companies in two months, the Sunday Telegraph reported. Sir Roger Carr said any attempt at capping prices would lack logic a
Read moreLondon close: Resource-heavy FTSE 100 falls as metals' prices slump
2nd Dec 2013 16:43
- Taper speculation picks up ahead of non-farm payrolls - Global manufacturing figures beat forecasts - Miners sold off as metal prices fall - Supermarkets hit by competition fears techMARK 2,653.70 -0.76% FTSE 100 6,595.33 -0.83% FTSE 250 15,334.75 -0.85% London's FTSE 100 finished with moderate
Read moreFTSE 100 movers: Miners and supermarkets push lower
2nd Dec 2013 15:42
Mining stocks were under pressure as commodity prices declined with precious metals peers Fresnillo and Randgold tracking gold and silver lower early on. As well, in a research note issued today analysts at Citi wrote that: "We remain underweight the gold and base metals stocks and our least favoure
Read moreBroker tips: Tesco, Aberdeen, Debenhams, Utilities
2nd Dec 2013 12:05
Tesco's share price was firmly lower on Monday morning after analysts at HSBC downgraded their rating on the stock from 'neutral' to 'underweight'. "We believe a 5.2% UK operating margin is not sustainable, and that aiming for any margin is the wrong strategy. In our view, a margin fall in inevita
Read moreLondon midday: Markets fall, shrug off upbeat manufacturing data
2nd Dec 2013 11:24
- Markets lower ahead of data-heavy week - Non-farm payrolls, taper in focus - Investors shrug off positive manufacturing figures this morning - Broker downgrades hit Tesco, Aberdeen, Debenhams techMARK 2,659.11 -0.55% FTSE 100 6,610.41 -0.60% FTSE 250 15,380.56 -0.56% Markets in the UK and across
Read moreBroker snap: Deutsche Bank cautious about margins at Centrica and SSE
2nd Dec 2013 09:42
Deutsche Bank has taken Centrica off its 'buy' list and retained a 'hold' recommendation for SSE, despite that the government's efforts over the weekend to address energy affordability. After the Labour party continued to attack the energy retailers and promised a price freeze if it wins the next g
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