London afternoon: Imagination hit by Samsung rumour
12th Nov 2010 14:27
Considering mining shares are in the dumper Footsie, though lower on the day, is faring reasonably well, after a lunch time session that saw share prices move sideways. Miners are big fallers on disappointment with the outcome at the G20 meeting and the possibility of a currency free-for-all. Talk
Read moreNational Grid gets OK for Massachusetts changes
3rd Nov 2010 07:32
Power grid operator National Grid's request to whack up prices for its gas distribution business in Massachusetts, USA, has been given the thumbs up by the local authorities. The Massachusetts business represents around one-tenth of National Grid's US operations. The approval from the Massachusett
Read moreFriday newspaper round-up: IMF,Citigroup, BSkyB...
8th Oct 2010 06:36
The International Monetary Fund warned that attempts by countries to use their currencies as a "weapon" to further their own economic interests were counterproductive and could damage the world recovery. Dominique Strauss-Kahn, the fund's managing director, said that there was no "domestic solution
Read moreLondon close: Footsie fightback loses momentum
4th Oct 2010 16:48
Footsie enjoyed a brief incursion into positive territory in mid-afternoon trading, but was driven back into the red in line with weakness on Wall Street. Here, oil stocks were a major drag on the index with BP, Cairn Energy and Royal Dutch Shell all headed south. Plumbers' merchant Wolseley mov
Read moreLondon afternoon: Footsie treading water
4th Oct 2010 14:31
Footsie threatened to move back into positive territory over the lunch time session but just fell short. Oil stocks remains a major drag on the index with BP, Cairn Energy and Royal Dutch Shell all heading south. The morning's biggest faller, satellite operator Inmarsat , is now showing a small
Read moreSector movers: Warm welcome for new National Grid finance boss
4th Oct 2010 14:24
National Grid is helping lift the gas, water and multi-utilities sector higher after the energy pipeline operator announced a new finance director. Andrew Bonfield, the former chief financial officer of sweetmaker Cadbury, is becoming the new finance boss. He replaces Steve Lucas, who retires from
Read moreFTSE 100 movers: Aviva boosted by break-up talk
4th Oct 2010 13:22
There were reports in this morning's papers that RSA, Resolution, Switzerland's Zurich Financial Services and Germany's Allianz considered a multibillion-pound break-up bid for insurer Aviva. Credit Suisse has commenced coverage of building supplies group Wolseley with an outperform recommendation
Read moreLondon open: Gains short-lived
4th Oct 2010 08:37
Renewed interest in the insurance sector and strong miners nudged London into positive territory, but Monday morning blues soon kicked in and stocks are now in the red. Reports in his morning's papers reveal RSA, Resolution, Switzerland's Zurich Financial Services and Germany's Allianz discussed mo
Read moreLondon pre-open: Footsie to renew assault on 5600
4th Oct 2010 07:35
London is expected to open cautiously firmer with City traders thinking the FTSE 100 index might just about breach the 5600 barrier at the opening, which would mean a rise of around 7 points from Friday's close. Hovis bread and Branston Pickle owner Premier Foods has confirmed reports in the weeken
Read moreNew finance director at National Grid
4th Oct 2010 07:05
Steve Lucas, the finance director of energy pipeline grid operator National Grid is to retire from the board at the end of this year. The company said his replacement will be Andrew Bonfield, who will take over as finance director on 1 November. Bonfield was chief financial officer of confectioner
Read moreNational Grid: Consults On UK Gas Distribution Price Controls
2nd Aug 2010 12:09
LONDON (Dow Jones)--U.K. gas and power network operator National Grid PLC (NGG) said Monday it has begun preliminary consultations with stakeholders on the gas distribution price control review as the utility reviews its business plans for U.K. gas distribution. The price control reviews are ene
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
2nd Aug 2010 09:58
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] 0858 GMT [Dow Jones] Deutsche Bank cuts National Grid (NG.LN) target to 620p from 815p following the completion of its ri
Read moreMARKET TALK: Deutsche Bank Cuts National Grid Price Target
2nd Aug 2010 09:58
0858 GMT [Dow Jones] Deutsche Bank cuts National Grid (NG.LN) target to 620p from 815p following the completion of its rights issue. Sees 20% upside. Says the completion of the issue leaves National Grid with an attractive yield and the funds to accelerate growth of its UK energy network. Says the
Read moreLondon close: Footsie left behind
30th Jul 2010 16:34
Footsie was the sick man of Europe at trading's close as it failed to sustain a recovery that followed a downward turn sparked by disappointing US economic data. US gross domestic product (GDP) data for the second quarter was disappointing. Inflation adjusted and seasonally adjusted gross domestic
Read moreLondon afternoon: Shares knocked by US GDP
30th Jul 2010 13:59
The Footsie hit new lows in the aftermath of disappointing US gross domestic product (GDP) data for the second quarter. Inflation adjusted and seasonally adjusted gross domestic product rose at an annualised rate of 2.4% in the second quarter, a significant slow-down from the 3.7% annualised gain in
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