London open: Stocks unchanged ahead of Eurozone CPI, US GDP
30th Jan 2015 08:27
UK stocks opened more or less flat on Friday as investors treaded cautiously ahead of some key economic data, including consumer price figures in the Eurozone and growth estimates in the States. London's FTSE 100 was down just 0.04% at 6,808 early on. The release of the Eurozone consumer-price inde
Read moreUK dividend payouts to increase in 2015, boosted by surging dollar
26th Jan 2015 15:26
Companies in the UK are set to pay out more on dividends this year, according to Capita's January dividend monitor, with Big Oil remaining a sector where the dividend is sacrosanct. Firms will boost their regular dividends by 5.7% to reach £83.6bn and may even top 7%, were it not for Vodafone, whic
Read moreFTSE 100 movers: IAG flying high on hopeful Aer Lingus bid, Supermarkets lower on dividend concerns
26th Jan 2015 14:34
IAG, owner of British Airways, climbed after Irish carrier Aer Lingus confirmed it has received a third takeover bid from its Anglo-Spanish rival. IAG has offered Aer Lingus €2.50 a share in cash plus a dividend of €0.05 a share, up from the previous pitch of €2.40 in cash and €2.30 before that.
Read moreSunday share tips: Mitie, UK Mail, Vodafone
18th Jan 2015 18:44
Mitie's shares have fallen but not as fast as those of outsourcing rivals such as Serco and Balfour Beatty, Danny Fortson pointed out in the Sunday Times. Matthew Earl, a former City analyst who writes a blog, criticised Mitie for buying companies to compensate for its own slow progress and for the
Read moreLondon close: Retailers provide a lift as inflation data boosts economic hopes
13th Jan 2015 16:48
UK stocks put in decent gains on Tuesday as a sharper-than-expected slowdown in inflation boosted hopes for consumer spending and pushed back projections for the first rate raise. A strong start to corporate earnings season in the States and increased hopes for further stimulus by the European Centr
Read moreSector movers: Morrisons, Greggs and ASOS lead retailers higher
13th Jan 2015 14:56
The exit of frontman Dalton Philips at Wm Morrison and signs of improving sales trends at the UK grocer were welcomed by the market on Tuesday, with food retailers topping the risers list in London. Well-received trading updates from the likes of Greggs also provided a boost to the food sector, whil
Read moreFTSE 100 movers: Morrison boosted after axing CEO as grocers dominate risers
13th Jan 2015 13:46
The share price of supermarket group Wm Morrison jumped 5% on Tuesday following the news that chief executive Dalton Philips has been axed after the company delivered the worst Christmas performance of the Big Four. Like-for-like (LFL) sales excluding fuel fell 3.1% in the six weeks to 4 January.
Read moreBroker tips: Wm Morrison, Smith & Nephew, Debenhams
13th Jan 2015 12:17
Markets may have reacted positively after Wm Morrison's agreed to part company with chief executive Dalton Philips alongside a small improvement in sales trends, but Shore Capital remains unconvinced. The broker kept a 'hold' rating on the stock, saying: "The improving trend revealed for the Christm
Read moreLondon midday: Retailers rise, housebuilders boosted as UK inflation rate drops
13th Jan 2015 12:08
A sharp drop in the UK inflation rate and well-received updates from a number of Britain's retailers gave London stocks a boost on Tuesday. The FTSE 100 was trading up 0.6% at 6,539 just after midday with retailers and housebuilders offsetting ongoing weakness in the resources sector. Markets were
Read moreMorrisons sales decline eases but underlying trends weak, says ShoreCap
13th Jan 2015 10:45
Markets may have reacted positively after Wm Morrison's agreed to part company with chief executive Dalton Philips alongside a small improvement in sales trends, but Shore Capital remains unconvinced. The broker kept a 'hold' rating on the stock, saying it was disappointed with like-for-like (LFL) s
Read moreLondon open: Retailers boost market ahead of inflation data, Morrison jumps
13th Jan 2015 08:57
Well-received updates from a host of retailers were giving UK stock markets a boost on Tuesday morning, as investors awaited some key inflation data. The FTSE 100 was up 0.2% at 6,514 early on with Wm Morrison leading the rise. Data due out at 09:30 is forecast to show that the annual rate of consu
Read moreLondon pre-open: Stocks to fall ahead of UK inflation data
13th Jan 2015 07:56
UK stocks are expected to decline on Tuesday morning as investors await key consumer-price data, which is predicted to show that inflation eased further in December. City sources predict the FTSE 100 will open 23 points lower than Monday's close of 6,501.42. Data due out at 09:30 is forecast to sho
Read moreMorrison's CEO Dalton Phillips axed after paltry Christmas sales
13th Jan 2015 07:23
Morrison's has given chief executive Dalton Philips the axe after he oversaw the worst Christmas performance of the Big Four supermarket groups, although sales were not as bad as the City expected. Like-for-like (LFL) sales excluding fuel fell 3.1% in the six weeks to 4 January, better than the 3.8%
Read moreTuesday newspaper round-up: Sellafield, ECB stimulus, Auto Trader...
13th Jan 2015 06:46
A £9bn contract to clean up the Sellafield nuclear waste is to be torn up, the government is expected to announce, writes The Times. The early termination of the contract awarded to Nuclear Management Partners in 2008, an industrial consortium including Amec Foster Wheeler, comes as the work is take
Read moreSunday newspaper round-up: IAG, North Sea, Morrisons
11th Jan 2015 19:53
International Airlines Group (IAG) may have to pay as much as €1.6bn to buy Aer Lingus, one of the Irish airline's biggest shareholders told the Sunday Telegraph. Richard Bernstein, investment adviser at Crystal Amber, which owns 2.8% of Aer Lingus, called on AIG to bid up to €3 a share after a €2.4
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