London open: Stocks fall after gloomy figures from Microsoft, Google
19th Jul 2013 08:13
The FTSE 100 pulled back from a seven-week high on Friday morning after disappointing results from some Wall Street heavyweights last night. London's benchmark index closed at 6,634 on Thursday; the last time the index finished higher was on May 30th when it closed at 6,657. Both the S&P 500 and
Read moreSunday newspaper round-up: ITEM Club, Morrison, Invensys
14th Jul 2013 14:11
When it issues its summer report, tomorrow, top economic forecaster ITEM Club will argue the economic recovery is real and solid and forecast that exports could jump by almost 5 per cent in 2014. The Club, which is independent, but bases its forecasts on the Treasury's own economic model, will predi
Read moreLondon midday: Markets extend gains despite concerns over China
12th Jul 2013 12:11
Strong gains in the financial sectors were lifting markets higher on Friday despite concerns over a slowdown in China, as investors continued to focus on dovish comments from Federal Reserve Chairman Ben Bernanke. Stock futures on Wall Street were pointing to a positive start on Friday, extending g
Read moreLondon open: Markets extend gains after record highs on Wall Street
12th Jul 2013 08:51
Markets looked set to end the week on a high note with financial stocks lifting the FTSE 100 higher in early trading on Friday, as sentiment was buoyed by record highs on Wall Street last night. Both the Dow Jones and S&P 500 indices closed at their highest ever levels on Thursday, while the Nasdaq
Read moreLondon pre-open: FTSE 100 to extend recent gains early on
12th Jul 2013 07:45
Markets are expected to open slightly higher on Friday, building on the previous day's gains which sent the FTSE 100 to its highest level in over a month. City sources predict the FTSE 100 will open up 11 points from yesterday's close of 6,543. The last time the index had finished above that level
Read moreCentrica puts some Bounce in US growth strategy
12th Jul 2013 07:04
British Gas owner Centrica has sealed a cash deal to buy Bounce Energy, a Texas-based electricity retailer with an innovative digital strategy. Centrica's North American subsidiary, Direct Energy, will pay $46m (£30m) cash and some extra working capital to acquire the new business. Bounce's innova
Read moreThursday broker round-up UPDATE
27th Jun 2013 07:36
Antofagasta: Investec cuts target price from 892p to 691p downgrading from reduce to sell. Black Mountain Resources: Westhouse Securities shifts target price from 23p to 17p, while its buy recommendation remains unaltered. Bunzl: Numis upgrades to buy with a target price of 1505p. Capita: Jefferi
Read moreImagination Tech exec invests as company unveils annual results
19th Jun 2013 15:48
Andrew Heath, a Non-Executive Director of chip designer Imagination Technologies invested nearly 60,000 pounds in the firm on Wednesday, the same day that the group unveiled its annual results. Heath, who also works as the President of the Energy division at Rolls-Royce, purchased 20,677 shares in
Read moreMonday broker round-up UPDATE
17th Jun 2013 07:21
Antofagasta: UBS reduces target price from 1140p to 1050p, while upgrading from neutral to buy. ARM Holdings: Analysts at Numis have cut their view on the shares to reduce from hold. Associated British Foods: Nomura cuts target price from 1800p to 1650p downgrading to reduce. Atkins: Jefferies u
Read moreCentrica buys into the UK shale gas revolution
13th Jun 2013 09:14
Gas-centric group Centrica has acquired a share in two shale gas exploration projects based in Lancashire. The British Gas owner has purchased a 25% interest in the Bowland shale licence operated by Cuadrilla Resources, where initial exploration suggests there could be 200trn cubic feet (tcf) of g
Read moreThursday newspaper round-up: Stephen Hester, Ofgem, Centrica...
13th Jun 2013 06:37
The Independent says that the news of Stephen Hester's departure from RBS "perplexed" many in the City last night after his work that nursed the bank back to health, with several describing his treatment as "shabby". The bank said that it was looking for a new leader ahead of its re-privatisation.
Read moreLondon open: Stocks flat on fragile market sentiment
12th Jun 2013 09:01
The FTSE 100 was swinging between gains and losses in early trading on Wednesday as traders remained nervous amid the ongoing market volatility that has been seen over the last few weeks. "Persisting fears about impending Federal Reserve tapering of asset purchases together with the Bank of Japan's
Read moreWednesday broker round-up UPDATE
12th Jun 2013 07:55
Aberdeen Asset Management: Canaccord Genuity cuts target price from 460p to 440p, while leaving its buy recommendation unchanged. ASOS: Canaccord Genuity downgrades to hold with a target price of 3400p. BT Group: Credit Suisse increases target price from 300p to 350p and maintains an outperform ra
Read moreLondon pre-open: More losses expected after markets open
12th Jun 2013 07:42
Markets are expected to pick up where they left off on Wednesday morning, extending losses after a heavy sell-off the day before. City sources predict the FTSE 100 will open down 35 points from yesterday's close of 6,340. The index fell 1.0% on Tuesday due to a combination of rising government b
Read moreCentrica begins search for next Chairman
12th Jun 2013 07:20
FTSE 100-listed global energy and storage giant Centrica has reported that Sir Roger Carr will step down from his role as Chairman on or before the Centrica annual general meeting in May 2014. Sir Roger held his position for 10 years and the group said he had been named by defence and aerospace gro
Read more