London close: Cable slips after dovish MPC testimony
24th Jun 2014 17:01
- MPC members grilled by MPs, sound dovish tone - Iraq tensions, German data weigh on sentiment - Cable falls to 1.6969 techMARK 2,809.07 -0.68% FTSE 100 6,787.07 -0.20% FTSE 250 15,547.21 -0.82% UK stocks erased early gains and ended the session slightly in the red as investors digested dovish c
Read moreFTSE 100 movers: Airlines take off after flying low yesterday
24th Jun 2014 15:20
IAG and easyJet were flying high as they rebounded from losses seen yesterday following a controllers' strike in France and threats of strikes over pay by IAG's UK carrier British Airways. Bid target Shire, which last week rejected a £27bn approach from US pharmaceutical outfit AbbVie was making g
Read moreTuesday newspaper round-up: Shire, Tesco, French air traffic
24th Jun 2014 07:45
Shire boss Flemming Ornskov on Monday admitted a higher offer from its US rival AbbVie could result in a takeover of the Irish drugmaker as he fleshed out his ambitions to double annual sales by 2020. Mr Ornskov, who has led Shire for just over a year, said he would not stand in the way of a potenti
Read moreSunday share tips: Debenhams, Johnston Press, Carpetright
22nd Jun 2014 14:13
Steer clear of shares in Debenhams, Questor advised in the Sunday Telegraph. There was no repeat of the December 31st profit warning when the department store group published its trading statement on June 20th. Trading was in line with expectations. But Debenhams has damaged its brand by repeatedly
Read moreLondon close: Ex-divs, airlines, global forecast weigh FTSE down
11th Jun 2014 16:59
- FTSE ends 34.68 lower at 6,838.87 - World Bank lowers global forecast - Airlines, Rolls-Royce drag techMARK 2,840.73 -0.65% FTSE 100 6,838.87 -0.50% FTSE 250 16,087.63 -0.76% London's blue chips finished today's session firmly lower, weighed down by stocks going ex-dividend, airlines, and a redu
Read moreFTSE 100 movers: Randgold tracks gold higher
11th Jun 2014 15:26
Mining group Randgold Resources was a top performer on Wednesday, carried on the back of a recovering gold price. J Sainsbury was also higher after coming in slightly ahead of expectations with a 1.1% first-quarter fall in like-for-like (LFL) retail sales, excluding fuel. Outgoing Chief Executive
Read moreSector movers: Transport, travel stocks hit by Lufthansa, Emirates news
11th Jun 2014 13:54
A profit warning from German carrier Deutsche Lufthansa and a cancelled aeroplane order by Emirates Airlines hit stocks in the UK transport, travel and leisure sectors on Wednesday. Shares in Lufthansa tumbled by as much as 14% in Frankfurt after saying that operating profits this year would be aro
Read moreLondon midday: Airlines and engineers weigh on FTSE 100
11th Jun 2014 11:26
- Lufthansa profit warning hits airline stocks - Rolls-Royce falls as Emirates cancels order - UK unemployment falls, wage growth slows - World Bank cuts growth forecasts techMARK 2,839.77 -0.68% FTSE 100 6,838.15 -0.52% FTSE 250 16,031.19 -1.11% Mixed labour-market data, a growth downgrade from t
Read moreFTSE 100 movers: SABMiller rises on takeover speculation
10th Jun 2014 15:15
SABMiller surged to the top of the leaderboard this afternoon after the Financial Times reported "rumours" regarding a potential takeover. The paper cited analysts at Santander who last week highlighted "growing market chatter" about the possibility of a merger between SABMiller and Belgian-Brazilia
Read moreTuesday broker round-up UPDATE
10th Jun 2014 09:45
ASOS: Goldman Sachs reduces target price from 6250p to 5750p, while upgrading to strong buy. Avon Rubber: Investec lowers target price from 690p to 680p and downgrades from buy to add. BAE Systems: Investec downgrades from add to hold with a target price of 430p. BG Group: Exane downgrades to neu
Read moreLondon close: ECB underwhelms, change in the air at BoE
5th Jun 2014 16:55
- ECB becomes first major central bank to take deposit rate negative - Balance of votes on MPC may soon shift, Barclays Research says - Asos plummets - Smith & Nephew jumps on continued M&A speculation techMARK 2,824.79 +0.08% FTSE 100 6,813.49 -0.08% FTSE 250 15,995.49 +0.06% UK equities underper
Read moreLondon midday: Investors show caution ahead of ECB, ASOS leads retailers lower
5th Jun 2014 11:25
- Markets await ECB decision, Draghi with caution - BoE keeps policy unchanged - ASOS shares plummet after profit warning, retailers fall - Smith & Nephew jumps on continued M&A speculation techMARK 2,820.75 -0.07% FTSE 100 6,796.31 -0.33% FTSE 250 15,939.53 -0.29% UK stocks were in the red on Thu
Read moreLondon open: ASOS plummets as UK stocks fall ahead of ECB
5th Jun 2014 08:26
techMARK 2,825.83 +0.11% FTSE 100 6,802.80 -0.23% FTSE 250 15,937.44 -0.31% A surprise profit warning from fast-growing fashion retailer ASOS and a cautious outlook from speciality chemicals firm Johnson Matthey sent UK stock markets lower on Thursday, as investors nerves were tested ahead of the p
Read moreLondon pre-open: Quiet start expected as investors eagerly await ECB decision
5th Jun 2014 07:26
It is likely to be a subdued start for equity markets in the UK as investors sit on their hands ahead of the pivotal European Central Bank (ECB) meeting this afternoon. Though the ECB is widely expected to unleash a host of new measures to battle deflationary pressures and boost growth across the
Read moreeasyJet passengers fly 7.9% higher in May
5th Jun 2014 07:16
Numbers of passengers flying with budget airline easyJet rose 7.9% in May compared to the same month last year. This helped the rolling 12-month passenger figure climb to 4.6% to 62.8m fliers for the Luton airport-based carrier. Passenger statistics showed May's load factor, the proportion of flyi
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