London open: Greek worries continue to weigh on stocks
8th Jun 2015 08:56
UK shares started the morning lower amid continuing uncertainty around Greece's future and on the heels of mixed foreign trade numbers overnight from China. As of 09:05 the Footsie was lower by 5.55 points to 6,799.02. Over the weekend, Greek Prime Minister Alexis Tsipras faced accusations from the
Read moreDiageo shares rally on takeover talks
8th Jun 2015 08:25
Diageo rallied 7% on Monday following media reports of bid interest over the weekend. 3G Capital, which is owned by Brazilian billionaire Jorge Paulo Lemann, is reportedly considering a takeover bid for the company. Citigroup said that although it's difficult to say whether the media reports are c
Read moreMonday broker round-up
8th Jun 2015 08:04
Shire: Deutsche Bank reiterates buy recommendation and 6,000p target. Bellway: Deutsche Bank stays at hold with a 2,326p target price, Citi reiterates buy. Halfords: Deustche Bank remains at hold and ups target to 480p from 460p. Churchill Mining: Northland initiates coverage at 'speculative buy'.
Read moreSector movers: Property and beverages shares keep London market in green territory
14th May 2015 15:12
Property, housebuilders and beverages shares kept the London market broadly in green territory on Thursday, as worries in Greece continued to lurk in the background. At 16:24 BST, the FTSE 100 was trading at 6,964.17 up 0.21% or 14.54 property and housebuilding continuing to trade higher off the bac
Read moreSunday newspaper round-up: Ladrokes, Tesco, Diageo
3rd May 2015 12:41
Live by the sword, die by the sword. In anticipation of a Labour victory at the next general election, hedge funds appear to have ramped up their bets against Ladbrokes. The proportion of the company's shares out of loan - a rough gauge for short-selling - hit 8.9%, its highest level since October 2
Read moreLondon midday: Bounce in UK industrial data lifts stocks
27th Apr 2015 11:43
London equities returned to positive territory by midday as UK manufacturing data provided encouragement and earlier concerns about stalled Greek debt negotiations were assuaged by more positive rumours. German newspaper Bild suggested that Greece has revised its list of reforms and was ready to sus
Read moreLondon pre-open: Sharp gains expected in HSBC
27th Apr 2015 08:11
The Footsie is being called to start the day roughly flat on Friday´s closing level of 7,070.70. The news-flow surrounding corporate activity and M&A is front and centre before the opening bell. HSBC is expected to be the standout gainer on the top-flight index at the start of trading. That follows
Read moreDiageo asks Indian subsidiary founder to resign after 'improprieties'
27th Apr 2015 07:15
An investigation at Diageo's 54.78%-owned Indian arm United Spirits (USL) has led it to demand the resignation of the business's chairman Vijay Mallya, though the 'liquor King of India' has refused. An internal inquiry, led by Pricewaterhousecoopers, conducted into loans given by USL to numerous Mal
Read moreBroker tips: Pearson, Diageo, Whitbread
17th Apr 2015 12:31
Pearson's stock rebounded slightly on Friday after a heavy drop the previous session, though Westhouse Securities still recommended investors to 'sell' shares of the publishing group. Westhouse said it sees "scope for further share-price weakness". Thursday's news that Los Angeles' second-largest sc
Read moreCanaccord sees further downside at Smirnoff maker Diageo after weak Q3
17th Apr 2015 10:22
Canaccord Genuity has raised its target price slightly for Diageo, but said that Thursday's update from the spirits producer contained a "cocktail of small disappoints". The broker maintained a 'sell' recommendation, saying it sees no end yet to the downgrade cycle for Diageo. Canaccord lowered its
Read moreLondon close: Greek default fears grip markets as UK stocks pull back from record
16th Apr 2015 16:51
Stocks finished lower on Thursday with UK markets retreating from a record high, as bonds yields in Athens soared on the back of concerns over a potential Greek default. London's FTSE 100 was down 36.33 points (-0.51%) by the close at 7,060.45. The index pulled back from Wednesday's all-time closin
Read moreLondon midday: Greek fears hit sentiment as stocks retreat ahead of US session
16th Apr 2015 11:54
Ongoing uncertainty over Greece gave investors an excuse to take profits on Thursday, with UK stocks pulling back from record levels ahead of what is expected to be a busy session in the States. "Fears over Greece continued to dominate Thursday morning, leaving the Eurozone indices in a sorry state
Read moreLondon open: Greek woes pull UK stocks back from record high
16th Apr 2015 09:13
London's stock market pulled back slightly on Thursday morning, with investors pausing for breath after a record-setting session the previous day. The FTSE 100 was down 0.19% at 7,083.32 in early deals, retreating from Wednesday's all-time closing high of 7,096.78. The index also set a record intrad
Read moreLondon pre-open: UK stocks to extend record highs early on
16th Apr 2015 07:55
UK stocks are expected to edge higher in early trading on Thursday despite setting another record the previous session. City sources predict the FTSE 100 will open five points higher than Wednesday's all-time closing high of 7,096.78. The index also set a record intraday high of 7,111.72 during Wedn
Read moreDiageo sales disappoint as currency and comparatives leave bitter taste
16th Apr 2015 07:22
Organic sales from Diageo fell 0.7% in the third quarter, a much worse result than the increase analysts had expected, as the drinks group blamed currency headwinds in Latin America and tough comparatives in the UK. In the three months to end March, organic net sales fell 0.7%, way off the 2% City c
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