FTSE 100 movers: Mining millstone reverses, IHG and IAG jump
6th Nov 2015 14:10
(ShareCast News) - The FTSE 100 spiked in mid afternoon on Friday, rebounding on the back of the US jobs report, before promptly being yanked back into negative territory by the millstone of depressed mining stocks. Falling metals and oil prices cast initial pressure on the natural resources sectors
Read moreUBS upbeat on prospects for European equities, reviews strategy
6th Nov 2015 10:35
(ShareCast News) - UBS reviewed its European equity strategy, sounding an upbeat note about the prospects for 2016 and 2017. The bank said that after five years in a row of zero earnings growth investors are giving up on the European profit cycle. However, UBS thinks underlying earnings have alread
Read moreBoA Merrill downgrades CRH, Wolseley on US construction woes
5th Nov 2015 12:52
(ShareCast News) - Bank of America Merrill Lynch downgraded CRH to 'underperform' from 'buy' and cut the price target to 1,500p from 2,200p. It also cut Wolseley, to 'neutral' from 'buy' while dropping the price target to 4,000p from 4,500p as it took a look at the US construction sector. "We see d
Read moreLondon pre-open: All eyes on Yellen as markets try to find their footing
24th Sep 2015 07:35
(ShareCast News) - Markets were expected to start the day slightly lower as investors waited on a speech from US Fed chair Janet Yellen scheduled for after the close of UK trading today. The Footsie was being called to start the day 15 points lower from Wednesday's close of 6,032.24. The US central
Read moreCRH appoints Mark Towe as Americas chairman
24th Sep 2015 07:22
(ShareCast News) - Building materials group CRH announced that Mark Towe, currently president and chief executive of Oldcastle, will assume the new role of chairman of CRH Americas. CRH said Towe will work with the group chief executive to support performance and excellence programmes across the com
Read moreCRH/Lafarge deal closes with Philippines acquisition
15th Sep 2015 07:33
(ShareCast News) - Irish building materials group CRH said it has completed the final portion of its €6.5bn deal to buy assets from Lafarge SA and Holcim with the addition of operations in the Philippines. CRH had agreed in February to acquire assets in Europe, Canada, Brazil and the Philippines fro
Read moreCRH appoints Senan Murphy as finance director
7th Sep 2015 07:38
(ShareCast News) - Building materials group CRH has appointed Senan Murphy as group finance director with effect from 4 January 2016. He will succeed Maeve Carton, who will become group transformation director as previously announced, and both will be members of the board. Murphy has over 25 years'
Read moreLondon pre-open: Stocks picked to follow US lead higher
27th Aug 2015 07:21
(ShareCast News) - City sources predict the FTSE 100 will open 106 points higher than Wednesday's close of 5,979.20. Europe is expected to open higher on Thursday, boosted by a strong session in the US on Wednesday and a positive session in China on the back of People's Bank of China's stimulus effo
Read moreCRH sales up 13%, agrees to buy US glazer
27th Aug 2015 07:18
(ShareCast News) - Building materials group CRH posted a 3% lift in first half pre-tax profits to €63m from €61m, off reported sales up 13% to €9.4bn. While European sales were down by 1%, the company posted a 26% rise in sales from the Americas. CRH said European trading conditions "reflected a mi
Read moreWeek ahead: US inflation watchers train sights on Jackson Hole
21st Aug 2015 12:54
(ShareCast News) - After a week ahead of considerable stock market retreats, the important Jackson Hole central bank symposium will from Thursday provide the market with some enlightenment on the thinking of some key Federal Reserve figures, with plenty of economic data in the preceding days. After
Read moreLondon open: FTSE opens lower on weak US and Chinese data
3rd Aug 2015 09:31
(ShareCast News) - The FTSE 100 opened lower on Monday on the back of disappointing US and Chinese data. US stocks fell at Friday's close following poor wage growth and consumer sentiment. Asian markets were also in the red on weaker Chinese manufacturing and lower oil prices. Two separate survey's
Read moreCRH completes acquisition of Lafarge-Holcim assets
3rd Aug 2015 08:46
(ShareCast News) - CRH has reached an agreement to acquire certain assets from Lafarge-Holcim for a total enterprise value of €6.5bn. The Irish building materials company said the transaction is now complete, with the exception of the Philippines which is expected to close in the third quarter of 20
Read moreFTSE 100 movers: Royal Mail rebounds, oil and gas stocks lower
12th Jun 2015 13:49
UK stocks declined on Friday, led by ongoing Greed debt concerns and weakness in the industrial metals, construction and engineering sectors. As of 15:00 BST, the FTSE 100 was trading 0.84% lower at 6,789. Royal Mail rebounded from Thursday's losses, which came as the Treasury offloaded half of its
Read moreLondon close: Stocks cut gains after Greek talks stall
11th Jun 2015 16:46
Stocks managed to hold on to their gains at the end of the session despite news the International Monetary Fund had pulled the technical team which was negotiating with Athens in Brussels. RBS was among the best performers in London after the government announced plans to sell down its stake, while
Read moreFTSE 100 movers: RBS gains on privatisation plans, Sainsbury lifted by upgrade
11th Jun 2015 13:26
London markets were buoyed by positive sentiment from Greece and booming banking and food retail sectors on Thursday afternoon. As of 14:00 BST the FTSE 100 was trading 0.5% higher at 6,864. Royal Bank of Scotland surged as George Osborne announced the government will begin the process of return
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