FTSE 250 movers: ITV up as Norman appointment brightens picture
18th Nov 2009 13:14
Shares in ITV are higher after the troubled broadcaster confirmed the appointment of former Tory MP Archie Norman as its new non-executive Chairman. He will take up the role in January 2010, when current executive chairman Michael Grade, will stand down and John Cresswell will become interim chief
Read moreLondon midday: Market cheers M&S appointment
18th Nov 2009 12:02
Retailer Marks & Spencer (M&S) moved to the top of the news agenda this morning after it announced it has poached Marc Bolland, chief executive of supermarket chain Morrisons, to be its new boss. While Marks & Spencer's shares responded positively to the appointment, shares in Morrisons fell back o
Read moreLondon open: Early gains for Footsie
18th Nov 2009 08:48
London's top stocks have opened higher following yesterday's drop, which brought a 4-day winning streak to an end. Troubled broadcaster ITV has confirmed the appointment of former Tory party MP Archie Norman as its new non-executive Chairman. He will take up the role in January 2010, when current e
Read moreLondon pre-open: Shares to turn positive again
18th Nov 2009 07:33
London's top stocks are expected to open around 10 points higher following yesterday's drop which brought a 4-day winning streak to an end. Troubled broadcaster ITV has confirmed the appointment of former Tory party MP Archie Norman as its new non-executive Chairman. He will take up the role in Jan
Read moreITV confirms Archie Norman is new chairman
18th Nov 2009 07:08
Troubled broadcaster ITV has confirmed the appointment of former Tory party MP Archie Norman as its new non-executive Chairman. He will take up the role in January 2010, when current executive chairman Michael Grade, will stand down and John Cresswell will become interim chief executive. "There
Read moreWednesday newspaper round-up: ITV, Cadbury, Goldman Sachs
18th Nov 2009 06:29
ITV will today name Archie Norman, the former chief executive of Asda, as its new chairman, according to two people familiar with the situation. The appointment of Mr Norman, 55, a former Tory MP, will bring to an end an embarrassing seven-month succession process for the broadcaster as it sought t
Read moreLondon close: US sparks late rally
5th Nov 2009 16:21
A smaller than expected increase to the Bank of England's quantitative easing programme and and early surge on Wall Street helped Footsie overcome early losses and close in the blue. The central bank voted to pump an additional £25bn into the economy, taking QE to £200bn. It also kept interest rate
Read moreFTSE 250 movers: Investors tune into ITV
5th Nov 2009 15:47
Investors bet that ITV is turning the corner as the broadcaster said it's set to end an 18-month slump in advertising revenue by reporting a 4% rise in December. The firm said trading in the UK television advertising market continued to improve in the fourth quarter. It hasn't reported a year-on-ye
Read moreLondon afternoon: Footsie climbs into blue
5th Nov 2009 14:13
A smaller than expected increase to the Bank of England's quantitative easing (QE) programme and stronger US futures have hauled London into the blue. The central bank voted to pump an additional £25bn into the economy, taking QE to £200bn. It also kept interest rates at 0.5%. "The fact that the M
Read moreITV predicts ad revenue growth in December
5th Nov 2009 08:16
Broadcaster ITV is set to end an 18-month decline in advertising revenue by reporting a 4% increase in December. The firm said trading in the UK television advertising market continued to improve in the fourth quarter. It predicts national advertising revenue (NAR) will be flat over the last three
Read moreTuesday newspaper round-up: Royal Bank of Scotland, Lloyds, ITV
3rd Nov 2009 06:12
The Government will today announce plans to inject a further £40bn of taxpayers' money into Royal Bank of Scotland and Lloyds Banking Group as part of a fresh, wide-ranging restructuring of the UK banking sector. The sum is higher than expected because RBS will take about £25bn in new "B" shares an
Read morePost merger buying at African Aura
21st Oct 2009 15:31
African Aura Mining Inc's main shareholder and director Guy Pas has increased his stake to 9.38%. He bought 560,250 shares at 61.5p a share on 20 October. African Aura Mining was formed when AIM and TSX Venture Exchange-quoted Mano River Resources merged with TSX Venture Exchange-quoted African A
Read moreSunday newspaper round-up: ENRC, RBS, Lloyds
18th Oct 2009 12:17
Eurasian Natural Resources Corporation (ENRC), the Ftse 100 metals and mining giant, is planning to buy out its founders' African assets in a potentially controversial deal. The deal, which has not been valued but could be worth more than $2bn (£1.2bn), would be paid entirely or mostly in shares rat
Read moreBroker tips: Punch Taverns, Glaxo, ITV
14th Oct 2009 11:58
Debt laden pubs group Punch Taverns continues to divide opinions in the investment analyst community. Broker Panmure Gordon, which is bearish on the stock, calculated the group's net asset value per share at 260p after Punch announced a £667m write-down in the value of its pub assets this morning.
Read moreBroker snap: ITV upgraded after ad boost
14th Oct 2009 11:55
Broker Nomura Securities reckons an unexpected improvement in the advertising market should offset the setbacks broadcaster ITV has suffered recently. Nomura has upgraded the stock from 'reduce' to 'neutral' and bumped up its price target to 55p from 40p. The broker notes that the probable retenti
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