Tuesday preview: Vodafone and Prudential interims expected to be solid
9th Nov 2015 17:25
(ShareCast News) - Although a relatively quiet day for macroeconomic data, Tuesday sees a handful of the FTSE 100's heavyweights reporting on their financial progress. Vodafone is expected to deliver a solid second quarter as it reports its interim results, with European rivals having reported stron
Read moreLondon open: Investors focus on positives from Chinese data
19th Oct 2015 08:11
(ShareCast News) - Stocks moved higher at the start of trading as investors chose to focus on the positives from the raft of Chinese macroeconomic data published before the start of trading. As of 09:12 the Footsie was up 12.85 points at 6,390.85, while the Shanghai Stock Exchange's Composite Index
Read moreITV to buy UTV's television business for GBP100m
19th Oct 2015 07:04
(ShareCast News) - ITV has agreed to acquire Northern Irish broadcaster UTV Media's television assets for £100m. The FTSE 100 broadcaster announced the deal on Monday, which is subject to regulatory and shareholder approval. Once the deal is approved, ITV will hold 13 of the 15 regional licences fo
Read moreSunday newspaper round-up: HSBC, bank charges, ITV, Dairy Crest
18th Oct 2015 16:00
(ShareCast News) - HSBC has swung back in favour of keeping its headquarters in the UK, after some placatory watering down of planned reforms within the banking industry. The bank, which had threatened to move out of Britain, has been placated by Chancellor George Osborne's decision to reduce the ba
Read moreBroker tips: N Brown, ITV, Tullow Oil, Soco International
14th Oct 2015 17:21
(ShareCast News) - Investec on Wednesday retained its 'hold' rating on N Brown after the fashion and home shopping retailer reported a decline in half-year profits. The FTSE 250 group, whose shopping brands include plus-size focused Simply Be and Jacamo, lifted revenues 4.2% to £415.8m but saw opera
Read moreGoldman Sachs reiterates buy on ITV, trims target
14th Oct 2015 17:09
(ShareCast News) - ITV is an attractive asset for investors and stands to gain from the "robust" macroeconomic environment, but advertising sales will take a short-term hit after England's elimination from the Rugby World Cup, one of the world's most influential brokers said on Wednesday. Goldman Sa
Read moreLiberty Global seen hiking stake in ITV
28th Sep 2015 18:49
(ShareCast News) - A spike in ITV shares late in the trading session appeared to have been provoked by reports that Liberty Global's billionaire chief John Mallone might be more minded to pursue the acquisition of small mobile networks now that a tie-up with Vodafone was off the table. London-based
Read moreSunday newspaper round-up: Bond crisis, Altria's SAB stake, ITV, Anglo's dividend
20th Sep 2015 16:49
(ShareCast News) - The Bank of England will warn this week of a potentially damaging liquidity crisis in the gigantic market for government and corporate bonds, the Sunday Times said. A six-month investigation into bond markets culminates in a BoE's financial policy committee (FPC) meeting on Wednes
Read moreITV set to benefit from planned change in law
20th Sep 2015 11:27
(ShareCast News) - ITV, Channel 4 and Channel 5 are all set for a significant increase to their annual income thanks to plans for a change in the law that will mean Virgin Media is no longer able to carry the broadcasters' main channels for free. According to industry and Westminster sources cited b
Read moreUTV Media may be set to sell TV arm to ITV
24th Aug 2015 14:39
(ShareCast News) - UTV Media may sell its TV assets following a failed push into the Republic of Ireland. In response to speculation over the weekend of a sale to ITV, the company confirmed it was "in discussions regarding a potential sale of its television assets." On 23 June the company, which ma
Read moreLondon close: UK equities close week lower after non-farms, BoE's 'Super Thursday'
7th Aug 2015 16:13
(ShareCast News) - A worse-than-expected US non-farm payrolls report and the Bank of England's downward revision to inflation estimates dragged UK equities lower at close of trading on Friday. The US added 215,000 jobs in July, falling short of forecasts of 225,000, according to the Labor Department
Read moreLondon midday: Shares fall on Super Thursday aftermath as traders await nonfarms
7th Aug 2015 11:24
(ShareCast News) - UK shares dropped in the aftermath of the Bank of England's 'Super Thursday' and before the release of the US non-farm payrolls report. BoE Governor Mark Carney on Thursday said the timing of a first interest rate hike was drawing closer but the exact time could not be predicted a
Read moreITV shares dented by weakness in US media stocks
7th Aug 2015 09:59
(ShareCast News) - Shares in broadcaster ITV fell sharply on read-across from US peers, after Viacom, Walt Disney and 21st Century Fox suffered heavy losses on Thursday. Viacom tumbled on Thursday after its third-quarter earnings fell short of consensus expectations, hit by lower advertising revenue
Read moreLondon close: FTSE finishes on the front foot as investors weigh earnings and data
31st Jul 2015 17:13
(ShareCast News) - The FTSE 100 picked up steam to close on a positive note after a mixed day of corporate reports and economic data. In Europe, German retail sales rose 5.1% in June, beating expectations for a 4% increase. Compared to a month ago, sales dropped 2.3%, ahead of forecasts for a 0.3% g
Read moreLiberty Global ups stake in ITV to just under 10%
31st Jul 2015 09:20
(ShareCast News) - Liberty Global has acquired 138.7m shares in ITV, upping its stake in the broadcaster to 9.9%. The purchase brings the telecommunications and cable group's total holding to 398.5m. At the same time, Liberty has entered into a hedging transaction with respect to the ITV shares it
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