London open: Ukraine concerns dampen stocks early on
7th May 2014 09:25
- L&G, G4S, Sainsbury and ITV lead risers - WM Morrison, ex-div stock provide a drag - Ukraine tensions continue to rise - Markets nervous ahead of Yellen speech techMARK 2,784.08 -0.29% FTSE 100 6,774.00 -0.36% FTSE 250 15,870.07 -0.43% Ongoing tensions in Ukraine and a host of mixed corporate ea
Read moreLondon open: Ukraine concerns dampen markets early on
7th May 2014 08:24
- L&G, G4S, Sainsbury and ITV lead risers - WM Morrison, ex-div stock provide a drag - Ukraine tensions continue to rise - Markets nervous ahead of Yellen speech techMARK 2,785.10 -0.25% FTSE 100 6,779.09 -0.29% FTSE 250 15,870.62 -0.43% Ongoing tensions in Ukraine and a host of mixed corporate ea
Read moreITV acquires controlling stake in US reality TV producer
7th May 2014 07:56
Broadcaster ITV has acquired an 80 per cent controlling interest in Leftfield Entertainment Group, making ITV Studios US Group the largest unscripted independent producer in the US. The acquisition, which has been made for an initial cash payment of $360m, will be earnings-enhancing from day one.
Read moreLondon pre-open: FTSE to head lower, Yellen and Ukraine in focus
7th May 2014 07:40
London-listed stocks are expected to fall at the opening bell of today's session, extending yesterday's losses and tracking a negative finish in both the US and Asia overnight. City sources predict the FTSE 100 will open around 25 points yesterday's close of 6,798.56. Twitter, AIG and Netflix dra
Read moreLondon open: Stocks pause at eight-week high ahead of FOMC
30th Apr 2014 09:20
- Stocks pause at highest since March 6th - FOMC meeting, economic data in focus today - Heritage Oil receives takeover offer - Shell, Tullow and Next rise after updates techMARK 2,781.52 -0.35% FTSE 100 6,774.00 +0.06% FTSE 250 15,872.51 -0.15% UK stocks opened broadly flat on Wednesday morning a
Read moreITV announces pension deal to reduce deficit
31st Mar 2014 15:08
ITV's shares climbed after the broadcaster announced a deal with the trustees of its pension scheme to reduce its deficit by 50m pounds. Under the deal, backed by its London Television Centre property, the pension scheme will receive 25 annual payments if it remains in deficit. It will start with
Read moreFTSE 100 movers: Babcock gains on nuclear contract
31st Mar 2014 14:00
Babcock International Group was the top riser on Monday after confirming the UK government has chosen the engineering company to manage the decommissioning of 12 nuclear sites. Rio Tinto and Anglo American gained after Credit Suisse named the companies as its top picks in the metals and mining sec
Read moreBroker tips: Lloyds, RBS, Carnival...
26th Mar 2014 12:25
Investec has reiterated its 'buy' recommendation on Lloyds after the government sold a further tranche of shares in the state-backed lender on Wednesday. The broker, which kept an 85p target price for the shares, said that Lloyds offers "reasonable upside for a relatively low-risk stock". Analyst I
Read moreUBS downgrades ITV after strong run
26th Mar 2014 09:10
After an impressive outperformance in the last four years, UBS has called time on shares of ITV, downgrading the stock from 'buy' to 'neutral'. The bank has cut its target price for the stock from 230p to 210p. "ITV shares have increased by 272% since the start of 2010, outperforming the FTSE 100
Read moreWednesday broker round-up UPDATE
26th Mar 2014 08:51
Aberdeen Asset Management: Citi reduces target price from 455p to 390p and stays with its neutral rating. Acta: Cantor Fitzgerald places both its target price (prev.: 16p) and its buy recommendation under review. Alliance Pharma: Numis shifts target price from 38p to 39p upgrading to add. APR Ene
Read moreFriday newspaper round-up: Output gap, Pensions reform, Sanctions
21st Mar 2014 07:16
The fact that the OBR cut its estimate of the output gap means that more of the growth which was lost during the recession will never be recovered. That was the message delivered by ratings agency Fitch, who said there is little prospect of Britain recovering its coveted top-notch rating before 2018
Read moreMonday newspaper round-up: Stamp duty, Sainsbury, Alibaba
17th Mar 2014 07:20
Despite the Chancellor's announcement that he will provide another 6bn pounds in loans to help people acquire newly built homes, some are warnings that other measures are hurting "aspirational Britain". Since stamp duty is not indexed to inflation many people purchasing homes are having to pay far
Read moreAPR Energy Chief continues sale of shares due to 'matrimonial matter'
12th Mar 2014 15:50
A 'matrimonial matter' has forced a trust belonging to APR Energy Chief, John Campion, to this week sell another 34,655 shares as part of a wider 12-month share trading plan. The plan, which will result in the sale of as many as 355,000 shares, will reduce JCLA Cayman's interest in APR by a total
Read moreJefferies rates Pearson a "hold" after 2014 profits warning
28th Feb 2014 10:01
Pearson shares have been rated a "hold" by Jefferies with a target price of 1128p after the publishing company reported a 27 per cent fall in adjusted operating profits to 736m pounds. After warning of another year of tough trading conditions in the US, with a stronger pound making matters worse, P
Read moreThursday newspaper round-up: RBS, Flotations, ITV
27th Feb 2014 06:59
Political pressure is growing on George Osborne to rein in pay at Royal Bank of Scotland as the taxpayer-controlled bank prepares to grant more than 500m pounds of bonuses while reporting an annual loss of as much as 8bn pounds and sacking thousands of staff. The bank's total bonus pay-out will be l
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