London midday: UK stocks rise as risk appetite returns
22nd Jul 2014 12:12
- Mining stocks, ARM Holdings provide a lift - Royal Mail drops on disappointing parcel performance, Tesco pulls back - Gaza, Ukraine still in focus techMARK 2,816.77 +0.56% FTSE 100 6,782.04 +0.80% FTSE 250 15,592.23 +0.69% UK stocks rose strongly on Tuesday as a return of risk-on trading helped
Read moreLondon close: FTSE in red as housing data, Russia weigh
21st Jul 2014 16:59
- FTSE closes down 21 at 6,728.44 - Ukraine, Gaza driving losses - Housing sector weighs after data techMARK 2,801.01 -0.10% FTSE 100 6,728.44 -0.31% FTSE 250 15,486.10 -0.45% Global tensions and disappointing housing data weighed on sentiment in today's session, with the footsie falling early on
Read moreFTSE 100 movers: Miners show resilience amid global tensions
21st Jul 2014 15:55
Miners Fresnillo and Antofagasta were showing resilience despite the mounting tensions seen in both Russia and Gaza over the past few days. Retail giant Tesco was up despite this morning unveiling a profit warning after a "challenging" second quarter. Shares gained after investors welcomed the res
Read moreSector movers: Tesco boosts food retailers as investors welcome CEO change
21st Jul 2014 15:00
A profit warning from Tesco sent many UK supermarket stocks lower on Monday, but investors in the firm itself seemed to celebrate the appointment of a new boss, sending shares in the grocery giant higher. Tesco, the largest retailer in Britain and second-largest in the world with a market capitalis
Read moreLondon midday: Housing, tobacco stocks lead UK markets lower, but Tesco gains
21st Jul 2014 12:10
- Gaza fighting, Ukraine crisis continues to dampen risk appetite - UK house prices fall for first time this year - Tobacco stocks hit by major fine for US peer - Tesco issues profit warning as CEO resigns techMARK 2,796.34 -0.27% FTSE 100 6,726.20 -0.34% FTSE 250 15,467.80 -0.57% Geopolitical con
Read moreLondon open: Stocks fall as geopolitical risk remains high
21st Jul 2014 09:13
- Gaza fighting continues - Tensions still high after Malaysia Airlines crash in Ukraine - Tesco rises as investors welcome CEO departure despite profit warning techMARK 2,791.37 -0.44% FTSE 100 6,724.54 -0.37% FTSE 250 15,430.53 -0.81% UK stocks eased on Monday morning as continued fighting in Ga
Read moreSector movers: Food retailers rebound after recent falls, Tesco rises
14th Jul 2014 15:22
Bargain-hunting was benefiting the food and drug retail sector on Monday as supermarket stocks recovered after suffering some heavy falls last week. A strong rebound across the wider market was experienced today with the FTSE 100 rising 1% after dropping 2.6% last week on concerns over Portugal's b
Read moreFTSE 100 movers: Imperial Tobacco rises on Reynolds-Lorillard talks
11th Jul 2014 15:25
Shares in Imperial Tobacco rose strongly after the company confirmed it is discussions with US rivals Reynolds American and Lorillard about the potential acquisition of some of their assets and brands. It is thought that Reynolds and Lorillard, the second- and third-largest cigarette makers in the S
Read moreSector movers: Supermarkets extend losses after tough week
11th Jul 2014 14:28
Supermarket stocks were the worst performers in London on Friday afternoon as the category continued to extend losses heading into the weekend. The FTSE 350 UK retail sector has lost 4.3% of its value over the last five days as the wider stock market pulled back from coming close to a multi-year hi
Read moreMorrisons poised to sell Kiddicare to Endless by Friday
9th Jul 2014 20:41
Wm Morrison could sell its baby-focused retailer Kiddicare as early as Friday to UK private equity house Endless but is expected to pay a substantial 'dowry' to the buyer. Endless, which specialises in corporate turnarounds, is thought to have beaten off rival Better Capital and is poised to announ
Read moreBroker tips: Antofagasta, Direct Line, Supermarkets
4th Jul 2014 12:56
Shares in copper miner Antofagasta were continuing their recent upward trend on Friday after analysts at both Morgan Stanley and UBS cited a lack of near-term negative catalysts. Morgan Stanley upgraded its rating on the stock from 'underweight' to 'equalweight', saying that "negative catalysts [ha
Read moreShore Capital continues to prefer discounters over supermarkets
4th Jul 2014 12:31
Shore Capital has repeated its preference for discount retail stocks over incumbent superstore operators after research showed that the Convenience, Discount and Online (CDO) channels will drive growth in the UK grocery market over the next five years. The Institute of Grocery Distribution (IGD) es
Read moreLondon close: Miners surge, analysts now see more hawkish Fed
1st Jul 2014 16:59
- FTSE closes up 58.98 points at 6,802.92 - Miners surge, Royal Mail hit by broker comment - UK, Chinese, US PMIs showed improvement techMARK 2,832.56 +0.54% FTSE 100 6,802.92 +0.87% FTSE 250 15,840.87 +0.75% The mining sector lifted the FTSE to a strong finish today, with the sector driven higher
Read moreLondon midday: Stocks rise as global manufacturing improves
1st Jul 2014 12:06
- China, UK manufacturing PMIs show improvement - Eurozone manufacturing PMI at seven-month low - Mining stocks rise strongly - St. Modwen impresses, Ocado disappoints techMARK 2,825.76 +0.30% FTSE 100 6,780.32 +0.54% FTSE 250 15,798.59 +0.48% Improving manufacturing activity in the UK and China g
Read moreOcado earnings up 79% in first half as Morrisons deal ramps up
1st Jul 2014 07:36
- Revenue up 20.7%, EBITDA up 79% - Moved into the black at PBT line - Encouraging start to Morrisons partnership - Online grocery market growth slower than recent years Online grocer Ocado claimed it outperformed its key online grocery competitors as it delivered a considerable rise in earnings d
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