Imagination 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 moreLondon close: Stocks fall after choppy day on mixed manufacturing data
3rd Jun 2013 17:03
A mixed bag of manufacturing results from across the globe resulted in a weak start to the new month for financial markets, with the FTSE 100 sinking to levels not seen in over four weeks. After a volatile session, the FTSE 100 finished 58 points lower at 6,525. The last time the index finished low
Read moreFTSE 100 movers: ARM drops as competition from Intel intensifies
3rd Jun 2013 14:57
Chip designer ARM Holdings was the worst top-tier performer of the day on Monday after Samsung confirmed that it would use an Intel processor in its new Galaxy tablets, a sharp blow to ARM whose chips had previously powered some of the South Korean firm's devices. ARM investors were shrugging off t
Read moreLondon midday: Losses pared after UK, Eurozone manufacturing data
3rd Jun 2013 11:42
Disappointing factory activity in China prompted sharp falls in early trading on Monday, though losses were pared by lunchtime after some better-than-expected manufacturing figures closer to home. The FTSE 100 sunk to an intraday low of 6,512 early on, falling to levels not seen since the start of
Read moreLondon open: Stocks sink after Chinese manufacturing figures
3rd Jun 2013 08:27
A disappointing reading of Chinese manufacturing activity combined with the realisation that US stimulus may soon be trimmed weighed heavily on market sentiment on Monday morning. The FTSE 100 sunk by nearly one per cent early on, falling to levels not seen since the start of May, following sharp f
Read moreMonday broker round-up UPDATE
3rd Jun 2013 07:22
Anglo Pacific Group: Finncap cuts target price from 320p to 279p staying with its buy recommendation. Ashtead Group: Citi takes target price from 660p to 750p and maintains a buy recommendation. Centrica: Berenberg ups target price from 370p to 380p keeping a hold recommendation. Coal of Afica: I
Read moreFTSE 100 movers: RBS, Centrica, Polymetal
31st May 2013 13:58
Royal Bank of Scotland's shares edged up after narrowing its shortlist of prospective bidders in its sale of 315 branches. UK gas and electricity supplier Centrica advanced Friday as utility stocks bounced back after a sharp fall over the past week. Polymetal International rallied after completi
Read moreSector movers: Utilities rebound after recent sell-off
31st May 2013 13:34
Utility stocks were making gains on Friday afternoon as they attempted to rebound following their recent falls. After an impressive rise so far this year, high-yielding utility stocks have been under pressure over the past week. While this could simply be a result of profit-taking, some analysts ha
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