Hargreaves Services lends 5m pounds to help wind down UK Coal
10th Apr 2014 16:22
UK miner Hargreaves Services is providing a 5m pounds loan to support the wind-down of rival UK Coal. Hargreaves is lending the cash as part of a package of private sector help to shut two deep pits at Kellingley, North Yorkshire, and Thoresby in Nottinghamshire. Harworth Estates, the property arm
Read moreLondon close: FTSE ends day in red as Sports Direct drags
8th Apr 2014 16:59
- FTSE closes 32.15 points lower at 6,590.69 - Feb UK industrial production trounces forecasts - Tensions rise in Ukraine - Big Four see market share slip as discount stores increase sales techMARK 2,697.56 -1.19% FTSE 100 6,590.69 -0.49% FTSE 250 16,014.46 -1.53% UK stocks once again finished in
Read moreFTSE 100 movers: Sports Direct shares dive
8th Apr 2014 14:41
Sporting goods retailer Sports Direct sunk sharply after it was reported that Founder Mike Ashley is selling 200m pounds-worth of shares, taking his stake from 62 per cent to 58 per cent. Goldman Sachs said it will place up to 24m shares acquired from MASH Holdings, Ashley's investment vehicle, wi
Read moreUK government caps pension management charges
27th Mar 2014 14:32
The British government announced plans on Thursday to cap management fees charged by pension providers, sparking a mixed response from the industry. UK pensions minister Steve Webb told the House of Commons that workplace pension schemes that automatically enrol their members will be subject to a 0
Read moreLondon close: Russia, China concerns keep FTSE firmly in red
24th Mar 2014 16:59
- Ukraine, China weigh heavily on market - Eurozone PMI falls unexpectedly - US manufacturing comes in below expectations techMARK 2,753.98 -1.32% FTSE 100 6,520.39 -0.56% FTSE 250 16,019.41 -0.87% Stocks finished firmly lower today as concerns over mounting geopolitical tensions in western Europe
Read moreFTSE 100 movers: Lloyds climbs on rating upgrade
24th Mar 2014 15:48
Investec has upgraded its rating for Lloyds Banking Group from 'hold' to 'buy', telling investors that "it is safe to go back in the water", prompting a strong rise in the share price. "After a 10% 10-week pull-back, we again see reasonable value for a low-risk stock. Upgrade to 'buy'," the broker
Read moreBroker tips: Standard Life, Lloyds, Hargreaves Lansdown...
24th Mar 2014 11:43
Shore Capital has reiterated its 'hold' recommendation on insurer Standard Life after the company confirmed speculation that it is in talks with Phoenix regarding the potential purchase of the latter's Ignis Asset Management division. Shore Capital Analyst Eamonn Flanagan said that the move compoun
Read moreGalvan expects 'upsurge in business' at Hargreaves Lansdown
24th Mar 2014 11:23
Galvan Research and Trading has labelled financial services group Hargreaves Lansdown as a 'buy', saying that it should get a boost from George Osborne's 2014 Budget. The Chancellor unveiled a radical shake-up of the savings markets last week, giving customers unprecedented freedom over how they dr
Read moreLondon close: Positive finish to week as miners charge higher
21st Mar 2014 16:59
- FTSE closes up 15 points at 6,557 - Feb UK public sector borrowing slightly ahead of forecasts - Eurozone consumer confidence higher than expected techMARK 2,790.85 -0.34% FTSE 100 6,557.17 +0.23% FTSE 250 16,160.11 -0.35% The City ended the week on a positive note, with mining stocks providing
Read moreFTSE 100 movers: Miners jump after recent declines
21st Mar 2014 14:55
Mining stocks were performing well throughout today's session as bargain hunters stepped in following recent weakness in the sector. At Thursday's close, the FTSE 350 mining sector had lost more than 11 per cent over the last four weeks. Anglo American, Antofagasta, and precious metals producer Fres
Read moreLondon close: FTSE ends lower after Yellen comments, budget impact
20th Mar 2014 16:59
- FTSE down 30.69 points, weighed by Yellen comments - Mortgage lending falls six per cent - Broker comment lifts SSE techMARK 2,800.23 -0.66% FTSE 100 6,542.44 -0.47% FTSE 250 16,217.35 -0.74% UK stocks finished in the red today as investors digested hawkish comments from Fed Chairwoman Janet Yel
Read moreFTSE 100 movers: SSE rises on rating upgrade
20th Mar 2014 15:02
Electricity provider SSE was in the top spot after receiving a ratings upgrade from Morgan Stanley. Next was on the up after the High Street retailer reported annual profit that met the top end of its guidance, driven by growth in online sales. The company achieved an 11.8% rise in pre-tax profit
Read moreLondon close: Impact of Budget felt on FTSE
19th Mar 2014 16:59
- FTSE closes down 32 points at 6,573 - Focus on Budget, unemployment remains unchanged - Jan Eurozone construction output up by 1.5 per cent techMARK 2,818.76 +0.56% FTSE 100 6,573.13 -0.49% FTSE 250 16,338.84 -0.09% UK stocks finished today's busy session in the red as investors digested the Ch
Read moreOsborne unveils radical changes to UK pensions
19th Mar 2014 15:55
Shares of Hargreaves Lansdown are at the top of the leaderboard, after the Chancellor today announced that savers will soon benefit from a new breed of tax-free ISAs. From July 1st 2014 investors will be able to put up to £15,000 pounds worth of stocks or bonds into what have been denominated as Ne
Read moreFTSE 100 movers: Resolution falls on broker downgrade
19th Mar 2014 15:45
Legal and General fell sharply after Osborne announced in today's Budget that there will be a "radical change" to the pension system, as a result of which half a million people will no longer have to buy an annuity, Elissa Bayer, Senior Investment Director at Investec Wealth & Investment explained.
Read more