London open: Fed taper sparks 'Santa Rally' as stocks jump
19th Dec 2013 08:17
- Fed cuts monthly bond buying to 75bn dollars - Commits to near-zero rates, depending on inflation - Pharma peers AstraZeneca, GSK making gains techMARK 2,727.60 +1.12% FTSE 100 6,553.38 +0.94% FTSE 250 15,550.52 +1.20% UK markets opened around one per cent higher on Thursday morning in the after
Read moreGlaxo COPD approval cooled by generic Advair competition
19th Dec 2013 07:58
US regulators have approved GlaxoSmithKline's treatment for chronic obstructive pulmonary disease, but the excitement was cooled by news that Denmark has approved the sale of a generic copy of GSK's biggest product, Advair. On Wednesday evening Glaxo and Theravance announced that the US Food and Dr
Read moreFTSE 100 movers: Centrica, ARM Holdings, Rexam
18th Dec 2013 14:52
Centrica was the top riser on Wednesday after the energy company said it would sell its Texas gas-fired power stations to Blackstone for 685m dollars and use the proceeds to extend its share buyback programme. Chipmaker ARM Holdings gained after Dixons Retail posted sales growth driven by tablet co
Read moreWednesday broker round-up UPDATE
18th Dec 2013 08:44
Berendsen: Panmure Gordon raises target price from 761p to 917p, while retaining its hold recommendation. British American Tabacco: Nomura cuts target price from 3840p to 3720p, while staying with its buy recommendation. bwin.party: Daniel Stewart reduces target price from 173p to 146p, while its
Read moreFTSE 100 movers: Supermarkets drop, Admiral hit by car insurance concerns
17th Dec 2013 16:08
Supermarkets stocks were registering losses on Tuesday afternoon after a report from Kantar Worldpanel revealed that over half the UK shopped in either Aldi or Lidl during the 12 weeks to December 8th for the first time in history. The panel found that all of the Big Four grocers and with the Co-o
Read moreGSK tightens up sales incentives amid bribery probe
17th Dec 2013 15:11
Drug giant GlaxoSmithKline (GSK) is launching a shake-up of its sales and marketing incentives as Chinese officials continue a probe into bribery allegations. GSK is scrapping individual targets for its sales staff and replacing them with a scheme rewarding technical knowledge, service quality and
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 moreTuesday tips round-up: GlaxoSmithKline, RPC Group
17th Dec 2013 08:27
Perhaps two of the most difficult lessons in Finance are knowing when to cash in your chips and when it´s simply best to walk away. On Wednesday GlaxoSmithKline (GSK) announced its offer to raise its stake in GSK Pharmaceutical, its India drug manufacturing unit, from 50 per cent to 75 per cent. Tha
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 moreGlaxoSmithkline increases grip on Indian arm
16th Dec 2013 07:02
Drug maker GlaxoSmithkline plans to increase its control over its publicly listed pharmaceutical subsidiary in India. GSK is launching a voluntary open offer in February to lift its stake in GlaxoSmithKline Pharmaceuticals Limited from 50.7% to up to 75% at a price of 3,100 Indian rupees per share.
Read moreFriday newspaper round-up: WTO, Serco, National Grid
22nd Nov 2013 07:24
Negotiators are poised to seal the first global trade deal for more than a decade, in a rare victory for the World Trade Organisation, whose struggle to secure an international pact has increasingly threatened its relevance. The US and powerful developing-nation players, including China and India, h
Read moreLondon midday: Markets in the red with BoE, Fed in focus
20th Nov 2013 11:33
- BoE voted unanimously on policy at last meeting - MPC attempts to play down rate-hike fears - Taper in focus ahead of FOMC minutes techMARK 2,627.20 -0.64% FTSE 100 6,670.70 -0.41% FTSE 250 15,181.39 -0.55% UK markets were trading in the red on Wednesday after the Bank of England expressed conce
Read moreLondon open: Investors turn cautious ahead of FOMC minutes
20th Nov 2013 08:19
- Bernanke comments in focus ahead of FOMC minutes - Telecom Plus buys back businesses from Npower - Diageo CEO warns of 'uncertain' global economy techMARK 2,637.85 -0.24% FTSE 100 6,687.39 -0.16% FTSE 250 15,243.72 -0.14% UK stocks declined on Wednesday as investors adopted a cautious approach a
Read moreLondon pre-open: FTSE called to open lower ahead of Fed and BoE minutes
20th Nov 2013 07:33
City sources predict the FTSE 100 will open around 21 points lower than yesterday's close of 6,698.01, ahead of the release of the minutes from both the Bank of England and the latest meeting of the US Federal Reserve. The Federal Open Market Committee's meeting should offer further insight behind
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