Marwyn Buys Gas Transport Business From National Grid
17th Jun 2010 09:03
LONDON (Dow Jones)--Investor Marwyn Investment Management LLP Thursday said it has bought a loss-making gas transport business from National Grid PLC (NG.LN) and intends to bring it to London's junior Alternative Investment Market with a GBP11 million fundraising. Marwyn said it plans to turn th
Read moreBroker tips: Pru, BSkyB, N. Brown
16th Jun 2010 13:10
The determination by the management of Prudential to boost the company's presence in Asia may pay off in the long term for the insurer but Nomura Securities thinks that insurers with a greater UK focus than the Pru may do better in the near to medium term. Although Nomura agrees with the convention
Read moreBroker snap: Nomura neutral on the Pru
16th Jun 2010 11:47
The determination by the management of Prudential to boost its presence in Asia may pay off in the long term for the insurer but Nomura Securities thinks that insurers with a greater UK focus than the Pru may do better in the near to medium term. Although Nomura agrees with the conventional wisdom
Read moreMARKET TALK: Nomura Reinitiates Pru At Neutral; Lifts Target
16th Jun 2010 10:29
0929 GMT [Dow Jones] Nomura reinitiates coverage of Prudential (PRU.LN) at neutral and raises the price target to 700p from 680p. Continues to view its Asian franchise as highly attractive but thinks the market already recognizes this. In contrast, thinks Legal & General (LGEN.LN) and Aviva (AV.LN)
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
16th Jun 2010 10:29
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0929 GMT [Dow Jones] Nomura reinitiates coverage of Prudential (PRU.LN) at neutral and raises the price target to 700p fro
Read moreLondon close: Blue chips make healthy gains
13th May 2010 16:33
London's top stocks rallied near the close to finish well up on the day as traders speculated on possible measures to cut the UK's debt burden. A VAT rise to 20% is a likely measure according to a group of economists questioned by the BBC. Justin King, chief executive of supermarket Sainsbury's,
Read moreLondon afternoon: Footsie still in the blue
13th May 2010 15:06
London's top stocks are easing down towards the close after a flat start on Wall Street and some calming down of the excitement over the plans of the new Conservative-Liberal government. The focus now is on just how they new government intends to get the UK's debt levels down, with a VAT rise to 20
Read moreLondon midday: BT leads market higher
13th May 2010 12:07
London's top stocks are making good gains helped by BT's full-year numbers and a decent showing from the miners. BT is the strongest riser on news that telecoms giant returned to the black in the last quarter and the full year and reported a 6% rise in the dividend. Pre-tax profit hit £1.01bn in th
Read moreLondon close: Late rally pares losses
5th May 2010 17:16
Though tomorrow is the day of the UK General Election all eyes were on Greece today, as at least three people were reported dead as violent protests erupted in central Athens against the planned introduction of austerity measures. Stocks came off the bottom towards the end of the session, though th
Read moreLondon afternoon: Greek riots rattle investors
5th May 2010 14:53
Footsie is now nursing a triple digit fall as the downward trend seen in the last hour of the morning session accelerated over lunch as US investors woke up to television footage of Greeks rioting in the streets. Civil unrest in Greece has sent the price of oil and metals into decline with a predic
Read moreLondon midday: Stocks turn south again
5th May 2010 12:19
Having recovered all the way back to last night's closing level shortly after 11:00am the Footsie headed south again for the remainder of the morning as the US futures markets suggested Wall Street will open lower. On a busy day for trading announcements Next is the most conspicuous faller despite
Read moreLondon open: Heading lower again
5th May 2010 08:47
Footsie has turned sharply after a steady opening half-hour as a number of gloomy comments about consumer spending have hit sentiment already shaky following yesterday's heavy falls on global markets. Next expects profits this year to be at the top end of market forecasts after sales in the first
Read moreLondon pre-open: Slight recovery expected
5th May 2010 07:36
Footsie is expected to edge up by a whisker following yesterday's sell off. Next expects profits this year to be at the top end of market forecasts after sales in the first three months to April were strong, though it is still very cautious on the outlook for consumer spending. "Our internal profit
Read moreL&G sales edge up in Q1
5th May 2010 07:02
Insurer Legal & General increased sales by 2% during the first quarter and by 18% over the previous three months and says it's on track to deliver £600m of cash in 2010. Worldwide new business on an annual premium equivalent (APE) basis rose to £388m in the three months to 31 March, helped by a fir
Read moreWednesday preview: Pru, L&G, Sage
4th May 2010 15:52
FTSE 100 companies Sage, Legal & General, Liberty International, Next and Prudential are scheduled to give trading updates on Wednesday while Chilean copper miner Antofgasta will issue a quarterly production report. The Pru will announce the terms of its $20bn rights issue to fund the acquisition o
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