FTSE 100 movers: Vodafone continues to rise on bid speculation
22nd Aug 2014 16:08
Telecoms group Vodafone was extending gains made on Thursday on the back of rumours that advisers of US giant AT&T are working on a cash bid worth more than 300p a share, compared with current prices of just over 200p. AT&T ruled out an offer back in January, meaning that it is now free to revisit a
Read moreLondon midday: Stocks fall on reports of Russian trucks crossing border
22nd Aug 2014 12:11
- Russian trucks enter Ukraine without persimmon - Investors cautious ahead of Jackson Hole - Petrofac chair steps down, LSE falls - Vodafone gains on AT&T bid hopes techMARK 2,815.11 -0.17% FTSE 100 6,760.20 -0.26% FTSE 250 15,840.73 +0.01% After a subdued start, UK stocks dropped into the red by
Read moreLondon open: Stocks flat as markets await speech from Yellen
22nd Aug 2014 09:13
- Yellen in focus ahead of Jackson Hole speech - Analysts speculate over dovish/hawkish stance - Petrofac chairman to step down, LSE falls - Banks, supermarkets rise techMARK 2,819.73 -0.00% FTSE 100 6,777.60 -0.00% FTSE 250 15,841.09 +0.02% UK stocks were barely changed in early deals on Friday a
Read moreFriday newspaper round-up: Burberry, Hedge funds, Scottish independence...
22nd Aug 2014 07:36
Only six weeks after a revolt by investors over excessive pay at Burberry, its boss has boosted his bank balance by cashing in £5.2 million of shares. Christopher Bailey, a design expert elevated to the top job at the fashion house in May, exercised share awards worth £4.2 million that vested under
Read moreSunday newspaper round-up: Mark Carney, Carillion-Balfour, Tesco
17th Aug 2014 15:49
The UK economy is more than halfway to full recovery, the Governor of the Bank of England (BoE) told the Sunday Times. Mark Carney, in an interview marking the first anniversary of his forward guidance policy, told the paper economic expansion was proceeding and that momentum was more assured. "Wher
Read moreThursday newspaper round-up: Lloyds, House prices, Bank of England
14th Aug 2014 07:49
Plans for a multibillion-pound sale of shares in Lloyds Banking Group to the general public have been dropped for this year and probably until after the general election next May. George Osborne and Danny Alexander, chief secretary to the Treasury, have ruled out a "Tell Sid" style privatisation bec
Read moreSunday newspaper round-up: Barclays, Carillion-Balfour, Ofgem
10th Aug 2014 18:30
Rona Fairhead, the former boss of the Financial Times, and Howard Davies, the ex-chief City regulator, are the two leading candidates to chair Barclays, the Sunday Times reported. Fairhead ran the FT for seven years and is a non-executive director at HSBC. Davies is the Government's favourite troubl
Read moreMoody's downgrades outlook for UK banks to 'negative'
5th Aug 2014 11:25
Moody's Investor Service showed a more downbeat stance on UK banks and cut the outlook to 'negative' from 'stable' in a report published on Tuesday. The credit rating agency explained that the downgrade in the outlook reflects the view that the improved operating environment and banks' stable finan
Read moreTuesday broker round-up UPDATE
5th Aug 2014 11:02
Acal: FinnCap initiates with a target price of 322p and a buy recommendation. Afren: UBS reduces target price from 200p to 135p and stays with its buy recommendation. Aggreko: WH Ireland ups target price from 1800p to 1850p and stays with a buy recommendation. Alent: Numis increases target price
Read moreTuesday tips round-up: HSBC, Intertek
5th Aug 2014 08:39
Holding shares for dividends alone may sound nice in theory but in practice is by no means a risk-free endeavour. Exhibit number one: HSBC. Year-to-date its stock price has fallen by 12%, wiping out more than twice the equivalent value of the dividends which it has paid out during the same period. T
Read moreFTSE 100 movers: Intertek, HSBC lead risers after H1 results
4th Aug 2014 15:27
Product testing, inspection and certification group Intertek saw its share price surge 7% after half-year profits beat estimates despite sales falling short of forecasts. The company said that earnings per share slipped to 61.2p in the first six months of the year, down 1.1% on the year but above th
Read moreSector movers: UK banking stocks rise after HSBC results
4th Aug 2014 14:45
Banking stocks were leading the risers in London on Monday after investors gave a welcome reception to first-half results from sector heavyweight HSBC. HSBC shares were up 1.5% at 638.7p in afternoon trade despite the company reporting a worse-than-expected 12% fall in half-year profits. The bank
Read moreHSBC at fair value after H1 profit fall, says Shore Capital
4th Aug 2014 13:17
Shore Capital has repeated its 'hold' recommendation for HSBC, saying that the stock is fully valued after its slightly worse-than-expected interim report. The bank reported a 12% fall in profit before tax (PBT) in the first half to $12.340bn, around 1% short of the consensus forecast of $12.549bn.
Read moreBroker tips: HSBC, Shell, Keller, Telecity
4th Aug 2014 13:04
Shore Capital has repeated its 'hold' recommendation for HSBC, saying that the stock is fully valued after its slightly worse-than-expected interim report. The bank reported a 12% fall in pre-tax profit in the first half, around 1% lower than the consensus forecast, owing to regulation and complian
Read moreLondon midday: UK stocks snap three-day decline as HSBC rises
4th Aug 2014 12:12
- HSBC leads banks higher, Intertek rises - UK construction PMI beats forecasts - Portugal concerns ease after BES rescue techMARK 2,748.21 -0.12% FTSE 100 6,711.03 +0.48% FTSE 250 15,387.53 -0.10% UK stocks pushed higher on Monday as the FTSE 100 rebounded after three straight days of losses, as
Read more