London close: FTSE ends in the red, Tesco weighs heavily
26th Feb 2014 16:26
- FTSE ended 31 points lower - US new home sales higher than expected - Tesco fails to impress investors techMARK 2,899.47 -0.12% FTSE 100 6,799.15 -0.46% FTSE 250 16,471.66 -0.34% UK markets finished today's session in the red, hit by a combination of weaker sentiment, ex-dividends, and concerns
Read moreFTSE 100 movers: Tesco marked down by analysts
26th Feb 2014 14:35
Engineering solutions provider Weir soared to the top of the risers today after it posted an in-line set of full-year results, as a positive performance by the Minerals division helped to offset an otherwise "challenging" year for the group. Looking ahead, the company believes it will return to unde
Read moreWednesday broker round-up UPDATE
26th Feb 2014 08:54
Anglo Pacific: FinnCap cuts target price from 279p to 216p, downgrades to hold. Ashmore Group: UBS reduces target price from 405p to 355p, while leaving its buy recommendation unchanged. Jefferies cuts target price from 475p to 375p, while its buy recommendation is kept. Barclays lowers target pric
Read moreLondon open: FTSE in the red ahead of GDP data, ITV sinks
26th Feb 2014 08:27
- Stocks start lower, ITV falls despite strong results - German consumer confidence surprises on the upside - Weir, miners lead the gains techMARK 2,900.00 -0.11% FTSE 100 6,811.55 -0.28% FTSE 250 16,459.53 -0.41% UK stocks started today's session in negative territory, weighed by ex-dividends, a
Read moreLondon pre-open: FTSE to open flat as investors weigh data
26th Feb 2014 07:27
- Flat start expected on FTSE - US data disappoints - Focus to be on UK GDP revision, German consumer confidence UK stocks are set for a broadly flat start this morning as investors digest a slight decline in the US and a mixed finish in Asia overnight, ahead of an announcement due out on UK gross
Read moreITV raises full-year dividend after achieving rise in profit and revenue
26th Feb 2014 07:05
- Dividend raised 35 per cent - Revenues driven higher by non-NAR - Pre-tax profit increases - Growth expected across all divisions in 2014 ITV raised its full-year dividend by 35 per cent to 3.5p per share as it reported a rise in revenue and profit. The owner of the UK TV station also announced
Read moreWednesday preview: UK GDP, US home sales, ITV annual results
25th Feb 2014 15:13
UK economic growth grew by 0.7 per cent in the fourth quarter compared to the previous three months, the Office for National Statistics is expected to confirm on Wednesday. The report follows preliminary estimates for gross domestic product (GDP) which also showed year-on-year growth of 2.8% in the
Read moreITV acquires controlling stake in reality programme producer
19th Feb 2014 09:09
ITV has acquired a controlling stake in DiGa Vision, a New York-based independent producer of reality and scripted programming. The broadcaster will make an upfront cash payment for a 51% stake in DiGa Vision, with a put and call option to buy the remainder of the company, which can be exercised f
Read moreITV to launch new youth-oriented channel
12th Feb 2014 13:01
Broadcaster ITV has announced plans to launch a new channel aimed at a younger, female audience, later this year. ITVBe will be completely funded by advertising and sponsorship and will be available free on all major broadcasting platforms, the group said. Chief Executive Adam Crozier said the n
Read moreOfcom renews ITV's licences for full 10-year term
11th Feb 2014 15:25
Broadcaster ITV on Tuesday confirmed it had accepted Ofcom's decision to renew ITV's licences for a full 10-year term. "This provides us with the certainty we require to continue to invest for the long term in our broadcast business and in high quality content," the FTSE 100-listed company said.
Read moreBroker tips: RSA, ITV, Balfour Beatty
5th Feb 2014 12:04
JPMorgan Cazenove has said that the appointment of Stephen Hester at RSA is 'welcome and timely' ahead of the outcome of the review into the troubled insurance firm due later this month. The bank said that Hester has "significant" experience in restructuring in the financial sector and his retail b
Read moreBroker snap: Galvan rates ITV as 'buy' after launch of Encore channel
5th Feb 2014 10:52
Galvan Research and Trading has labelled television group ITV as a 'buy' on the back of the company's move into the pay-TV market with its new ITV Encore channel. ITV Encore, which will be shown exclusively on Sky's satellite and online platforms, is dedicated to British drama and initially will br
Read moreITV appoints Senior Independent Director
4th Feb 2014 16:10
Broadcaster ITV has promoted one of its non-executive board members to the role of Senior Independent Director in place of Mike Clasper, who stepped down from the board at the end of 2013. Andy Haste joined the board in August 2008 and became Chairman of the Remuneration Committee in 2010. ITV sh
Read moreThursday newspaper round-up: BP, RBS, Scotland
30th Jan 2014 07:16
BP should remain barred from winning any new contracts with the American government because it has not demonstrated that it is a "responsible" contractor following the 2010 Gulf of Mexico oil spill, the US Department of Justice has said. The oil giant is fighting to overturn a decision made by the U
Read moreITV to launch new channel in partnership with Sky
29th Jan 2014 10:46
Broadcaster ITV is set to launch a new pay channel later this year, it announced Wednesday. ITV Encore, which has been created as part of a four-year agreement with Sky, will screen its most successful drama series along with a number of original commissions. The channel, the first to be launche
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