Sports Direct's Ashley sells 16m shares, YouGov founder trades in 3.35m
24th Oct 2013 16:03
Sports Direct's founder Mike Ashley has sold 16m shares in the retailer, representing a 2.7 per cent holding and netting the billionaire owner of Newcastle United 106m pounds. An announcement to the stock exchange revealed Ashley had sold the shares at a price of 662.5p, marking a 7.5% discount to
Read moreHunting Chairman reduces family trust holding
21st Oct 2013 16:11
Richard Hunting, the non-Executive Chairman of FTSE 250-listed energy services provider Hunting, has reduced the Hunting Family Trusts' stake in the company. Some 35,796 shares were disposed of for an average price of 857.8p a share, raising £307,058. Richard, who is a trustee of the Hunting Fami
Read moreFTSE 100 movers: Prudential rises on AIA readacross
18th Oct 2013 15:03
Life insurance and giant Prudential was a high riser on Friday after Asian peer AIA reported record quarterly results with new business up 26 per cent. "The insurance sector was also helped by reports that an EU capital requirement could be eased compared to the initial version sought by regulators,
Read moreFriday tips round-up: Melrose Industries, Land Securities, Hays
11th Oct 2013 07:18
Private equity giant Kohlberg Kravis Roberts (KKR) has its work cut out for it following the purchase of the US-based Crosby businesses from Melrose Industries. After all, it has paid 1bn pounds - or 10 times earnings before interest, tax, depreciation and amortisation - from what amounts to another
Read moreLondon midday: Stocks rebound strongly from three-month low
10th Oct 2013 11:16
UK markets jumped strongly on Thursday morning following three straight days of losses as hopes build over a resolution to the political deadlock in Washington and the continuation of monetary stimulus by the Federal Reserve. After hitting a three-month low yesterday, the FTSE 100 rebounded strong
Read moreLondon open: Stocks rise on hopes over US deal, taper delay
10th Oct 2013 08:22
Stocks gained strongly on Thursday morning as signs of progress in Washington and hopes over a continuation of US monetary stimulus prompted bargain hunters to step in following three straight days of losses. The FTSE 100 set a fresh three-month low of 6,337.91 on Wednesday afternoon, its worst lev
Read moreMelrose agrees 627m pound sale of Crosby and Acco
10th Oct 2013 07:01
Melrose Industries said it was selling Crosby and Acco to private equity group Kohlberg Kravis Roberts for 627.3m pounds. The FTSE 100 group, which aims to buy manufacturing businesses that it can improve and sell on, had bought Crosby as part of its £1bn takeover of engineering group FKI in 2008.
Read moreBroker tips: Melrose, Ladbrokes, Cineworld
8th Oct 2013 12:16
Investec has upgraded its rating for industrial investment firm Melrose from 'add' to 'buy', saying it still sees upside potential following a slight underperformance. Dyett said that the company has shown through previous acquisitions that it is "capable of generating value from a range of busines
Read moreTuesday broker round-up UPDATE
8th Oct 2013 11:39
Aviva: Alphavalue shifts target price from 366.70p to 366.20p downgrading from reduce to sell. Barclays: Credit Suisse reinitiates with a target price of 280p and a neutral recommendation. BHP Billiton: Alphavalue reduces target price from 1972.70p to 1732p downgrading from add to reduce. Chesnar
Read moreBroker snap: Investec lifts Melrose to 'buy'
8th Oct 2013 09:56
Investec has upgraded its rating for industrial investment firm Melrose from 'add' to 'buy', saying it still sees upside potential following a slight underperformance. 14 months after the acquisition of metering firm Elster, the broker said that Melrose has showcased its progress with the business,
Read moreTuesday tips round-up: Aim, Melrose Industries, Petra Diamonds
8th Oct 2013 07:24
In the third quarter the number of companies joining the Alternative Investment Market (Aim) was higher than the number leaving for the first time in two years. Somewhat surpirisngly as well, the list of companies who have recently floated on it reads like a laundry list of sectors which have furnis
Read moreLondon close: Stocks sink into the red ahead of FOMC outcome
18th Sep 2013 16:23
After a range-bound morning session, markets sunk into the red on Wednesday afternoon as investors reduced their appetite for risk ahead of the Federal Reserve policy decision later this evening. The FTSE 100 closed 11.35 points lower at 6,558.82, the index's second day in negative territory after
Read moreLondon midday: Markets rangebound ahead of Fed decision
18th Sep 2013 11:32
Markets were rangebound on Wednesday morning as investors showed nervousness ahead of the all-important Federal Reserve policy decision later this evening. UK stocks were registering moderating gains by midday but just 19 points separated the FTSE 100's intraday low (6,568) and high (6,587) as trad
Read moreWednesday broker round-up UPDATE
18th Sep 2013 08:28
African Minerals: Canaccord Genuity reduces target price from 410p to 330p, while its buy recommendation remains unaltered. Amlin: Goldman Sachs moves target price from 405p to 420p and reiterates a neutral rating. Andor Technology: Investec takes target price from 360p to 410p leaving its buy rec
Read moreLondon open: Stocks flat as investors turn cautious ahead of Fed
18th Sep 2013 08:16
Markets opened broadly flat on Wednesday morning as investors refrained from building positions ahead of the conclusion of this month's all-important Federal Reserve policy meeting. However, with an announcement from the US central bank not due out until after markets close this evening, there will
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