London close: Miners drag as Chinese data weighs on sentiment
10th Mar 2014 16:55
- FTSE closes down 23.22 at 6,689.45 - China registers surprise trade deficit - Japan GDP revised lower - BCC increases growth forecast techMARK 2,845.16 -0.52% FTSE 100 6,689.45 -0.35% FTSE 250 16,451.20 -0.65% It was a negative finish for the FTSE today, dragged lower by miners on the back of po
Read moreFTSE 100 movers: Rolls-Royce jumps on Daimler JV buy-out
10th Mar 2014 14:56
Rolls Royce was in the top spot today after a host of analysts lifted their target prices following the engine group's move last week to buy-out Daimler in their 50-50 joint venture, Rolls-Royce Power Systems (RRPS). After the close of trade on Friday, Rolls-Royce said that it is to buy the remain
Read moreGlaxoSmithKline increases stake in Indian pharmaceuticals subsidiary
10th Mar 2014 07:53
GlaxoSmithKline (GSK) has increased its stake in its pharmaceuticals subsidiary in India from 50.7 to 75 per cent following an open offer. The transaction was valued at approximately £625m. The group said the move would increase its exposure to a "strategically important market". "It is a sign
Read moreLondon pre-open: Poor data out from Asia to push FTSE lower
10th Mar 2014 07:16
- Asia stocks slump as Japanese, Chinese disappoint - BCC ups economic growth forecasts UK stocks will start the day in the red, dragged lower by the performance in Asia overnight, hit by both Chinese and Japanese data. City sources predict the FTSE 100 will open 21 points lower than Friday's clo
Read moreSector movers: Paper stocks push FTSE 100 higher
28th Feb 2014 15:01
Mondi led forestry and paper stocks higher after reporting a surge in annual profit, driven by low costs and exposure to higher growth markets. The paper and packaging company posted a 36% rise in pre-tax profit to €499m and a 12% increase in revenue to €6.47bn. Jefferies reiterated a 'buy' rating
Read moreLondon midday: Stocks at one-month high on Vodafone capital return
21st Feb 2014 11:45
- Vodafone and RBS provide a lift - Vodafone capital return lifts sentiment - IHG, Glencore Xstrata hit by downgrades - FTSE 100 at highest level in month techMARK 2,884.38 +0.29% FTSE 100 6,827.26 +0.21% FTSE 250 16,401.56 +0.20% UK stocks rose to levels not seen in a month on Friday as a windfal
Read moreLondon open: Stocks at one-month high as Vodafone, RBS gain
21st Feb 2014 08:47
- Vodafone, RBS and Glaxo provide a lift - IHG, Glencore Xstrata hit by downgrades - FTSE 100 at highest intraday level in month techMARK 2,891.98 +0.55% FTSE 100 6,840.31 +0.40% FTSE 250 16,419.58 +0.31% Strong gains from heavyweights Vodafone, RBS and GlaxoSmithKline gave UK markets a boost on
Read moreGSK receives thumbs up from EMA for umeclidinium medicine
21st Feb 2014 07:18
GlaxoSmithKline (GSK) said the European Medicines Agency's (EMA) Committee for Medicinal Products for Human Use (CHMP) has recommended marketing authorisation for the drugmaker's umeclidinium medicine. The umeclidinium, under the proposed brand name Incruse, is a once-daily treatment to relieve s
Read moreFTSE 100 movers: Sports Direct jumps after strong update
19th Feb 2014 14:02
Sports Direct International shot to the top of the risers after group sales in the quarter to January 26th rose 11.2 per cent from the previous year to 655.4m pounds. Gross profit gained 14.6 per cent to 280.7m pounds during the period with growth across all its divisions including Sports Retail, Br
Read moreLondon midday: Stocks slip after surprise increase in jobless rate
19th Feb 2014 11:41
- UK jobless rate rises to 7.2 per cent, above estimates - MPC votes unanimously to leave policy unchanged - Ex-div stocks provide a drag on FTSE - Sports Direct jumps after Q3 update techMARK 2,855.22 -0.93% FTSE 100 6,761.33 -0.52% FTSE 250 16,233.58 -0.66% UK markets pulled back from a four-w
Read moreLondon open: Stocks pause at four-week high ahead of data, BoE minutes
19th Feb 2014 08:16
- Markets at highest since January 22nd - UK labour-market data due out, BoE minutes - Sports Direct, M&S, BAE Systems lead the upside - Ex-div stocks weigh techMARK 2,878.02 -0.14% FTSE 100 6,798.45 +0.03% FTSE 250 16,340.79 -0.01% UK stocks opened more or less flat on Wednesday morning after th
Read moreBerkshire Hathaway unloads position in GlaxoSmithKline
17th Feb 2014 09:21
Berkshire Hathaway, billionaire investor Warren Buffet's investment vehicle, unloaded its stake in GlaxoSmithKline during the fourth quarter of 2013, according to the US Securities and Exchange Commission (SEC). Previously, as of September 30th of 2013, Berkshire Hathaway held 1.511m shares in the
Read moreThursday broker round-up UPDATE
6th Feb 2014 09:23
ARM Holdings: HSBC reduces target price from 1120p to 1080p and stays with its overweight rating. Avon Rubber: WH Ireland raises target price from 650p to 765p and stays with its buy recommendation. Balfour Beatty: Liberum Capital ups target price from 300p to 350p retaining its buy recommendation
Read moreThursday newspaper round-up: Banks, GlaxoSmithKline, Young people...
6th Feb 2014 06:48
New York's top banking regulator has demanded documents from more than a dozen banks, opening a new front in the sprawling global investigation into alleged foreign exchange manipulation. Ben Lawsky, superintendent of New York's Department of Financial Services (DFS), sent requests to banks includin
Read moreFTSE 100 movers: Two analysts point out high PE multiple on Hargreaves´ shares
5th Feb 2014 15:07
AB Foods was extending gains for a second session after analysts at Morgan Stanley said on Tuesday that the market was "fundamentally mis-pricing" its Primark retail chain. The company´s shares hit a new record high at 2,930p on the back of those comments. Hargreaves Lansdown´s interim results sh
Read more