Cable & Wireless appoints new CEO
6th Jan 2014 07:21
Phil Bentley has started as Chief Executive Officer (CEO) of Cable & Wireless Communications (CWC), taking over from Tony Rice. Since being appointed, Bentley has bought 4.3m shares at a value equivalent to about three times his base salary. He has also been awarded 4.28m performance shares. "I am
Read moreCable & Wireless Comms incoming Chief acquires 4.3m shares
3rd Jan 2014 16:49
Cable & Wireless Communications on Friday announced that soon-to-be Chief Executive Officer Phil Bentley had purchased 4.3m shares in the international telecoms operator. Bentley, the former Managing Director of British Gas, bought the shares the previous day at 56.912p each for a total spend of £
Read moreCable & Wireless Comms reverses transaction with Batelco
30th Dec 2013 13:14
Cable & Wireless Communications (CWC) and Bahrain Telecommunications Co. (Batelco) have agreed to unwind part of the previous transfer of part of its Monaco and Islands division to Batelco. The unwinding relates to the 25% holding in CWC's holding company, Compagnie Monegasque de Communication, wh
Read moreFTSE 250 movers: Cable & Wireless, Go-Ahead Group
17th Dec 2013 14:28
Cable & Wireless Communications gained on speculation that media giant Liberty Global is mulling a cash bid for the telecoms group. Go-Ahead Group advanced after Goldman Sachs upgraded the transport group from 'neutral' to 'buy', saying it expects the shares to rise by a quarter over 12 months. C
Read moreLondon midday: Markets pull back as investors prepare for Fed meeting
17th Dec 2013 11:24
- US inflation in focus ahead of Fed meeting - German sentiment rises; UK inflation eases - S&P downgrades RSA, Fitch lowers outlook - Cable & Wireless Comms gains on bid speculation techMARK 2,690.49 +0.16% FTSE 100 6,499.13 -0.35% FTSE 250 15,419.43 +0.23% Markets across Europe were trading in t
Read moreLondon open: Markets pull back as investors await Fed outcome
17th Dec 2013 08:22
- Markets pull back after 1.3 per cent surge on Monday - Investors await US inflation data ahead of Fed meeting - RSA hit by two credit ratings downgrades techMARK 2,680.51 -0.21% FTSE 100 6,489.08 -0.51% FTSE 250 15,329.78 -0.36% After a strong surge the day before, UK markets opened with moderat
Read moreTuesday broker round-up UPDATE
17th Dec 2013 08:14
Advanced Medical Solutions: Panmure Gordon downgrades from buy to hold with a target price of 102p. Antofagasta: Canaccord Genuity cuts target price from 1110p to 1035p, while staying with its buy recommendation. ASOS: Panmure Gordon increases target price from 5950p to 6126p, while downgrading fr
Read moreMonday broker round-up UPDATE
2nd Dec 2013 08:22
Aberdeen Asset Management: Credit Suisse raises target price from 465p to 515p and maintains a neutral rating. Admiral Group: Citi moves target price from 1215p to 1220p and retains a neutral rating. AVEVA Group: Numis upgrades to buy with a target price of 2980p. AZ Electronic Materials: Deutsch
Read moreMonday broker round-up UPDATE
11th Nov 2013 08:50
Associated British Foods: Barclays downgrades to equal-weight with a target price of 2100p. Bovis Homes Group: Deutsche Bank moves target price from 1001p to 1008p maintaining a buy recommendation. British Land: Deutsche Bank downgrades to sell with a target price of 520p. British Sky Broadcastin
Read moreFriday broker round-up UPDATE
8th Nov 2013 09:21
Abcam: Canaccord Genuity moves target price from 396p to 386p and keeps a sell recommendation. N+1 Singer shifts target price from 450p to 445p downgrading to sell. Aberdeen Asset Management: Jefferies lowers target price from 440p to 430p and reiterates a hold recommendation. Anglo American: Gold
Read moreFTSE 250 movers: Halfords charges higher on strong H1
7th Nov 2013 15:39
Car- and bike-parts retailer Halfords saw its shares rocket after delivering an impressive first half. The group posted profit before tax in the first six months of the year rose 6.4% to £44.6m, well ahead of the £38.9m forecast by analysts. Adding to the gains, Investec reiterated its 'buy' ratin
Read moreCable & Wireless reports fall in half-year profit due to restructuring
7th Nov 2013 07:48
- Pre-tax profit falls 36 per cent - Revenue declines three per cent - Cost cutting across the board Cable & Wireless Communications reported a 36 per cent fall in pre-tax profit in the six months through September following exceptional charges related to the company's cost reduction activities.
Read moreCable & Wireless secures 20-year deal for Panama business
30th Oct 2013 15:39
Cable & Wireless Communications (CWC) announced on Wednesday that its Panama business has secured long-term access to several large blocks of radio spectrum which will enable the continued growth of mobile data services. The group said that under the new 20-year mobile licence agreement, which will
Read moreCWC hires former British Gas boss as new CEO
17th Oct 2013 10:57
- Chief Executive Tony Rice to leave at year-end - Former British Gas boss Phil Bentley named new CEO Cable & Wireless Communications (CWC) said Chief Executive Tony Rice would step down at the end of the year to be replaced by Phil Bentley, the former managing director of British Gas. The telecom
Read moreSector movers: Telecoms rise as BT hits record high
16th Oct 2013 14:26
The fixed line telecommunications sector was the top performing category in London on Wednesday with gains from heavyweight firm BT Group providing a boost. BT was trading at an all-time high of 360.3p by 15:15 today, up 1.66% on the day, after Goldman Sachs upgraded its rating on the stock to 'con
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