Melrose director increases stake after positive update
9th May 2013 16:07
A round-up of the biggest director deals today so far Miles Templeman, Senior Non-Executive Director of Melrose Industries, the FTSE 100 industrial conglomerate, has added £152,400-worth of shares to his stake in the company one day after it reported revenue was one per cent ahead in the year-to-da
Read moreLondon close: FTSE ends session higher after Chinese data provides lift
8th May 2013 16:11
Market Movers techMARK 2,437.82 +0.82% FTSE 100 6,583.48 +0.40% FTSE 250 14,193.28 +0.65% The FTSE closed firmly higher on Wednesday, boosted by gains in the US following strong data from China. Next led the charge higher, while Standard Chartered provided a drag for much of the day. China repo
Read moreFTSE 100 movers: Next rises despite posting fall in Q1 profit
8th May 2013 14:29
Evraz was making strong gains by the afternoon, recovering some of its recent losses. Possibly worth mentioning, Goldman Sachs has today reportedly reaffirmed its bullish short-term stance on copper prices. Next made strong gains - despite posting an overall fall in first quarter retail sales - aft
Read moreLondon midday: Slow grind higher continues
8th May 2013 11:41
Equities in London are continuing their slow grind higher, with the benchmark Footsie now gaining 19 points to the 6,576 point mark. That followed yesterday´s rise in the Dow Jones Industrial Average to above the 15,000 point mark for the first time in its 117 year history and stronger-than-expected
Read moreMelrose impresses with positive update
8th May 2013 08:46
Melrose, the industrial conglomerate which buys and sells manufacturing businesses, impressed investors on Wednesday after reporting that its recently acquired Elster business has achieved further improvements and as such performed significantly ahead of the same pre-acquisition period last year. T
Read moreLondon close: Stocks pare gains after US data
1st May 2013 16:40
Disappointing economic from the States saw the FTSE 100 halve its earlier gains by the close on Wednesday as markets waited in anticipation of a policy decision from the Federal Reserve later this evening. The US central bank is widely expected to leave its current stimulus measures unchanged follo
Read moreFTSE 100 movers: BT leads the way after o2 deal
1st May 2013 14:52
BT Group shares were leading the risers on Wednesday after signing a 10-year deal with o2 to create a new 4G network worth in the region of 500m pounds. Speciality chemicals group Johnson Matthey has made strong gains after a positive update from Credit Suisse said that weaker platinum prices have
Read moreLondon midday: Stocks extend gains ahead of Fed decision
1st May 2013 11:27
The FTSE 100 was taking advantage of low volumes on Wednesday morning, registering decent gains by lunchtime as other stock markets across Europe remained closed for the May Day public holiday. A slowdown in Chinese manufacturing growth didn't have too much of an effect on markets early on as trade
Read moreLondon open: Miners shrug off disappointing Chinese data
1st May 2013 08:21
A slowdown in Chinese manufacturing growth didn't have too much of an effect on stock markets on Wednesday morning as traders showed optimism in anticipation of a continuation of monetary stimulus from the US and a rate cut in Europe this week. Nevertheless, volumes are expected to be low today giv
Read moreMelrose sells windows and doors unit to AIM-listed Tyman
1st May 2013 07:39
Melrose, the industrial conglomerate which buys and sells manufacturing businesses, has agreed to dispose of its Truth Hardware division to AIM-listed building products group Tyman. Truth Hardware, which was first acquired as part of Melrose's takeover of engineering and manufacturing company FKI i
Read moreFTSE 100 movers: Randgold Resources jumps higher
22nd Apr 2013 16:04
Randgold Resources was a strong riser - particularly compared to the rest of its sector - gaining after Blackrock upped its stake in the group to 14.1 per cent, marginally higher than the 14 per cent it previously owned. An increase in risk appetite was benefiting financial stocks today with banki
Read moreFTSE 100 movers: BT group lifted by Nomura upgrade
22nd Mar 2013 15:23
BT Group rose after Nomura upgraded the stock to 'buy', raising its target price from 290p to 360p, citing positive news flow from the company's upcoming restructuring plan, and a "solid" launch of BT Sport, which it believes will "override noise on union wage negotiations and the widening of the pe
Read moreFriday broker round-up UPDATE
8th Mar 2013 07:42
Advanced Computer Software Group: Canaccord Genuity raises target price from 80p to 108p and reiterates a buy recommendation. Aggreko: Jefferies raises target price from 2000p to 2200p keeping its buy recommendation. Cantor Fitzgerald takes target price from 2020p to 2200p and stays with its buy re
Read moreLondon close: Markets unfazed as central banks hold fire
7th Mar 2013 17:06
The FTSE 100 finished with moderate gains on Thursday as investors digested policy-rate decisions in both the UK and Europe. Matt Basi, the Head of UK Sales Trading at CMC Markets, said European stock markets experienced "jittery trade" with traders pausing for thought after the significant gains o
Read moreFTSE 100 movers: Aviva dives after slashing dividend
7th Mar 2013 15:04
Insurance giant Aviva was forced to slash to dividend after swinging into the red in 2012, after taking a 3.3bn-pound write-down on a disposal in the US. Aviva also said that its overall situation does not warrant bonuses for executive directors for 2012 or pay rises for 2013. Shares dropped sharply
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