CRH shares rally on bid reports
11th Jun 2015 09:03
Shares in Irish building materials group CRH rose 2.7% on Thursday following media reports that it will take part in the preliminary bidding for South Korean Tongyang Cement & Energy on 12 June, for which it has reportedly hired Goldman Sachs as an underwriter. According to reports, CRH could pay up
Read moreLondon close: Market recoups previous session's losses
27th May 2015 15:47
UK stocks closed higher on Wednesday, rebounding from heavy losses in the previous session, buoyed by strength in the construction, electricity and tobacco sectors. The FTSE 100 experienced few surprises and gained steadily throughout the day, closing 1.24% higher at 7,034.9. The index had plunged 1
Read moreFTSE 100 movers: CRH surges on Holcim offer, Weir Group hit by downgrade
27th May 2015 12:33
UK stocks rebounded from the previous session's sell-off as gains made by tobacco, construction, electronics and utilities stocks outweighed weakness in mining and industrial metals. As of 13:45, the FTSE 100 was trading points 47.1 points higher at 6,996. Shares in building materials group CRH sur
Read moreCRH shares gain as it seals deal with Lafarge, Holcim
27th May 2015 12:02
Shares in Irish building materials company CRH rose 2.5% after the company said late on Tuesday that Lafarge and Holcim have accepted its offer to buy certain assets from them in a deal worth €6.5n. Lafarge and Holcim have accepted the offer and have become legally-bound to the terms of the acquisit
Read moreLondon midday: Imperial and CRH lead the rebound before Queen's Speech
27th May 2015 11:39
Investors managed to take advantage of a quiet morning to push UK stocks higher on Wednesday following a sell-off the previous day. The FTSE 100 was up 0.57% at 6,988.37 by midday, with blue chips Imperial Tobacco and CRH leading the rise, along with a host of other construction and building materia
Read moreThursday broker round-up
7th May 2015 16:39
Morrison: Shore Capital reiterates buy. Direct Line Insurance Group: Canaccord Genuity reiterates buy and 350p target. BAE Systems: Charles Stanley reiterates accumulate. GlaxoSmithKline: UBS reiterates buy and 1,700p target. Aviva: Panmure Gordon reiterates buy and raises target to 660p from 600
Read moreCRH grows sales as Americas strength offsets European weakness
6th May 2015 07:43
Irish building materials group CRH said it made "satisfactory start" to 2015 with continued momentum in the Americas making up for a weak performance in Europe. Sales from continuing operations over the first four months of the year were up 2.5%, driven by 8% growth in the Americas "where the econom
Read moreLafarge and Holcim allowed to merge by US and Canadian authorities
5th May 2015 12:07
Cement giants Holcim and Lafarge won US and Canada's antitrust approval to merge on Monday, more than a year after their megadeal was announced in April 2014. In order for the deal to complete in July 2015, as expected, both companies have agreed to divest plants, terminals and a quarry in order to
Read moreFTSE 100 movers: Burberry rallies amid bid speculation
9th Apr 2015 16:07
Burberry Group's shares rallied amid speculation the luxury fashion house could attract the attention of a US rival or cash-rich private equity groups. The reported market chatter from UK newspaper the Daily Mail came before Burberry posts its 2015 sales figures next Wednesday. Earlier on Thursday,
Read moreFTSE 100 movers: Kingfisher surges as French acquisition falls through, miners higher
30th Mar 2015 13:29
Kingfisher surged after revealing its deal to acquire French rival Mr Bricolage will not go ahead as a result of shareholder and board opposition to the terms of the deal. Some Mr Bricolage franchisees are thought to fear the store closures that would be necessary for Kingfisher to win regulatory ap
Read moreLondon close: FTSE 100 books new all-time highs to close above 7000
20th Mar 2015 16:52
Dovish central banks and fading worries about Greece exiting the Eurozone propelled the London market to record fresh all-time highs on Friday. At Friday's close, the FTSE 100 index stood strong at 7022.51, up 0.8% on the day, off a touch from its session high of 7024.21. "The FTSE 100's landmark m
Read moreFTSE 100 movers: CRH higher on merger agreement, Next hit by downgrade
20th Mar 2015 12:53
CRH was the biggest gainer on the Footsie after building materials giants Lafarge and Holcim agreed upon terms for a merger. Shares in Tullow Oil surged after the West Africa-focused exploration outfit announced it had successfully negotiated for access to £450m in fresh financing. Morrison was als
Read moreLondon pre-open: CRH and TSB in focus
20th Mar 2015 07:44
The top flight index is being called to start the session higher by between six to seven points on a busy Friday morning in terms of news-flow. Somewhat unexpectedly, overnight Greece agreed to draw up new reforms to meet the requirements of its lenders. "The odds of a Greek exit have risen signifi
Read moreLondon close: Energy stocks lift markets ahead of Budget, as investors await Fed
17th Mar 2015 16:32
After dipping into the red around midday, UK stocks rallied into the close with the FTSE 100 finishing 0.5% higher on the back of decent gains in the oil sector ahead of Wednesday's Budget statement. Rumours about potential tax breaks for North Sea oil and gas producers were providing energy stocks
Read moreFailed Holcim-Lafarge merger would be credit-positive for CRH, says Fitch
17th Mar 2015 15:39
Shares in CRH have taken a hit this week on fears that the Holcim-Lafarge merger may fall apart, given that the group's proposed acquisition of €6.5bn of assets from the two European cement giants is contingent on the completion of their tie-up. Shares were 2.7% lower at 1,685p by 15:49 and have now
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