ITV clinches cricket World Cup deal
27th Jan 2015 16:59
ITV has won a contract to show highlights of the upcoming cricket World Cup, which begins on 14 February. The broadcaster will show England's games, including their match against Scotland, on its main channel, with the semi-finals and the final also to be shown on the same channel, though only if En
Read moreBerenberg cautious on broadcasters as media investor attitudes shift
12th Jan 2015 11:04
After a surprising decline in print advertising during 2014 and the inexorable increases of online video, broker Berenberg views the media sector as expensive, with the best potential for structural growth in online, gaming and outdoor. "2015 looks set to be a year in which investor attitudes toward
Read moreLondon midday: ECB stimulus hope drives gains, Tesco jumps 10%
8th Jan 2015 11:52
UK stocks surged strongly on Thursday amid hopes for more central-bank stimulus in Europe, assisted by strong gains from supermarket heavyweight Tesco as investors welcomed its turnaround plan and resilient Christmas sales. London's FTSE 100 was trading 1.6% higher at 6,522 by midday. The announcem
Read moreLondon open: Tesco leads stock surge ahead of economic data, BoE decision
8th Jan 2015 08:45
Big gains from Tesco and a strong finish on Wall Street helped drive UK markets higher on Thursday morning, as investors awaited a flurry of economic data and a policy decision by the Bank of England (BoE). Heavyweight grocer Tesco was leading the risers early on after investors applauded the superm
Read moreSunday newspaper round-up: BT, RBS, Tesco
14th Dec 2014 19:45
BT is expected to announce as soon as December 15th whether it plans to buy EE or O2 to reenter the mobile phone market, The Sunday Times reported. The FTSE 100 telecoms company was working on a deal at the weekend with a statement due early in the coming week. BT is thought to favour O2 but could s
Read moreLondon close: UK stocks finish flat as retailers fall, data comes in mixed
25th Nov 2014 16:33
London's FTSE 100 ended Tuesday's session more or less where it started with stocks in the retail sector limiting gains while investors digested a string of important economic data. A disappointing third-quarter update from Kingfisher saw shares in the DIY retailer slump, while the supermarket secto
Read moreFTSE 100 movers: Kingfisher slides after French sales drag
25th Nov 2014 15:26
Shares in Kingfisher declined after the B&Q and Screwfix owner saw like-for-like (LFL) sales fall in the third quarter as decent growth in the UK and Ireland was offset by falling sales in its largest market, France. LFL sales declined 0.9%, compared with 1.8% growth in the first half. The supermark
Read moreLondon midday: UK stocks rise but gains limited by Kingfisher, resource stocks
25th Nov 2014 11:31
UK stocks edged higher on Tuesday, though gains were being limited by falls in the heavyweight resources sector and a drop in the share price of DIY retailer Kingfisher. The FTSE 100 trading 0.1% higher at 6,737 by midday, though was underperforming stocks across Europe with the STOXX Europe 600 ind
Read moreFriday broker round-up:
14th Nov 2014 19:34
TSB Banking: Shore Capital reiterates buy with a target price for 325p. Vernalis: Canaccord Genuity ups target to 66p from 56p and reiterates buy. Aggreko: Panmure Gordon and Investec reiterate hold. Gemfields: Numis initiates coverage with a buy recommendation and 70p target price. Ithaca Energy
Read moreLondon close: Stocks end higher, but oil stocks limit gains
13th Nov 2014 16:48
UK listed shares put in a fairly decent gain on Thursday after positive updates from a number of blue chips and despite oil stocks sliding. The FTSE 100 closed 24.41 points higher at 6,635.45. Oil stocks declined further after the price of Brent crude oil slipped below $80 per barrel for the first
Read moreLondon midday: UK stocks buoyed by central-bank speculation
13th Nov 2014 11:47
UK stocks rebounded on Thursday, heading for their highest close in over six weeks, as markets shrugged off disappointing economic data in China and were buoyed by speculation that policymakers will take action to avert a global slowdown. The FTSE 100 was up 0.3% at 6,634 by midday - it has not clos
Read moreLondon open: UK stocks rise on hopes over China, Japan
13th Nov 2014 08:22
UK equities advanced on Thursday morning as stimulus hopes in China and easing concerns about the Japanese economy gave London's stock market a boost. The FTSE 100 was trading 0.2% higher at 6,622 in early deals. The Footsie slipped on Wednesday for the first time in six sessions after a lower outl
Read moreLondon pre-open: Strong performance in Asia set to lift FTSE at opening bell
13th Nov 2014 07:30
A strong session in Asia overnight is expected to help lift sentiment in the UK on Thursday morning, with City sources predicting the FTSE 100 will open around 15 points higher than the previous day's close of 6,611.04. Overnight, data was released from both Japan and China, with the Nikkei jumping
Read moreITV eyes best broadcast performance for five years - UPDATE
13th Nov 2014 07:06
ITV revenue growth accelerated in the third quarter as the broadcasting and television production group continued to generate net TV advertising revenues (NAR) well ahead of the market, although they were at the lower end of consensus analyst forecasts. Total external revenues rose 8% to £1.8bn in t
Read moreLow-income earners to receive pay rise as firms commit to living wage
2nd Nov 2014 14:31
UPDATE: On Monday KPMG released a structural analysis of hourly wages and current trends in household finances. Thousands of low-paid British workers are set to receive a pay rise after 1,000 companies pledged to boycott the minimum wage and pay at least the living wage. Citizens UK created the Li
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