Sector movers: Encore Oil bucks downbeat trend
31st Aug 2010 14:36
Oil stocks are under pressure amid low crude prices, as global economic worries continue. Afren is among the fallers, despite moving strongly into profit in the first half as higher prices outweighed lower production. Encore Oil is bucking the trend though after 'superb' latest drilling results f
Read moreLondon afternoon: Markets continue to struggle
31st Aug 2010 14:22
It remains a struggle for blue chips today with US markets unlikely to give much help as futures point to an early fall. Investors are now nervous about a Conference Board report on consumer confidence in the world's number one economy later today. Here, GfK NOP's consumer confidence index came in
Read moreLondon midday: Shares stuck lower
31st Aug 2010 12:04
The leading share index has failed to make any progress after its early slide, remaining firmly in the red. The fall comes after a slide in Wall Street last night. Investors are now nervous about a Conference Board report on consumer confidence in the world's number one economy later today. Here
Read moreMonday newspaper round-up: Banks, BP, British Land
2nd Aug 2010 06:39
The new chairman of the powerful Commons Treasury Select Committee has stepped into the escalating row over loans to small business, telling ministers to stop threatening the banks. Andrew Tyrie, the Conservative MP for Chichester, issued the warning as the high street banks braced themselves for f
Read moreFOCUS:EU Company Results Show Strong Global Markets, Weak Europe
2nd Aug 2010 06:30
This story was originally published Friday By Terence Roth and Steve McGrath Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Leading European companies this week posted a string of improving second-quarter results, but their reports also contrasted booming demand from overseas and a stagnatin
Read moreFOCUS:EU Company Results Show Strong Global Markets, Weak Europe
30th Jul 2010 16:20
By Terence Roth and Steve McGrath Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Leading European companies this week posted a string of improving second-quarter results, but their reports also contrasted booming demand from overseas and a stagnating market at home. French building materials
Read moreMARKET TALK: Unilever Down On Sector Rotation - ING
28th Jul 2010 11:28
1028 GMT [Dow Jones] Unilever (UN) shares have been under pressure this week following sector rotation in which investors have a preference for financials now, ING Research says. Adds, other European consumer good and food companies such as Danone (DANOY) and Reckitt Benckiser (RB.LN) have also been
Read moreWednesday tips round-up: Misys, Arm, Croda
28th Jul 2010 06:53
Reckitt Benckiser is looking for more bolt-on acquisitions in the health and personal care area - and SSL is an excellent purchase, although at £2.54bn it cannot be described as cheap. However, you have to pay for quality and SSL will fit well with Reckitt. The shares are trading on a December 201
Read more3rd UPDATE: Canadian Venture Agrees To Buy Tomkins For GBP2.89B
27th Jul 2010 15:40
(Adds detail and comment.) By Jonathan Buck Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K.-based engineering and manufacturing company Tomkins PLC (TOMK.LN) Tuesday announced it agreed to be acquired by an investment vehicle established by Canadian private-equity firm Onex Corp. and t
Read more2nd UPDATE: Canadian Venture Agrees To Buy Tomkins For GBP2.89B
27th Jul 2010 09:35
(Adds detail.) By Jonathan Buck Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K.-based engineering and manufacturing company Tomkins PLC (TOMK.LN) Tuesday announced it agreed to be acquired by an investment vehicle established by Canadian private-equity firm Onex Corp. and the Canada Pe
Read moreLondon close: US gives Footsie a lift
26th Jul 2010 16:42
Sentiment improved after the US open following a sluggish start, helping Footsie close with modest gains. A bigger than expected rise in US house sales reassured investors over the state of the world economy. Banks Lloyds, Royal Bank of Scotland and Barclays were all strongly ahead after they sail
Read moreLondon afternoon: Pick-up at Penguin boosts Pearson
26th Jul 2010 14:37
Leading shares remain mixed ahead of the deluge of big company announcements later in the week that includes oil giants BP, Shell and BG. Tullow Oil may be smaller than the aforementioned triumvirate but its shares are outperforming all of them and the rest of the Footsie constituents today after i
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
26th Jul 2010 12:36
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] 1136 GMT [Dow Jones] Royal Bank of Scotland lifts SLL International (SSL.LN) price target to 1163p from 800p following the
Read moreMARKET TALK: RBS Lifts SSL International Price Target
26th Jul 2010 12:36
1136 GMT [Dow Jones] Royal Bank of Scotland lifts SLL International (SSL.LN) price target to 1163p from 800p following the company's announcement that it is recommending an 1163p all-cash offer from Reckitt Benckiser (RB.LN). RBS reckons it's a sensible deal at a fair price and thinks shareholders w
Read moreBroker tips: Reckitt, Pace, RM Group
26th Jul 2010 12:16
Second quarter results from household goods maker Reckitt Benckiser beat expectations but there remain 'underlying weaknesses that are niggling the market', Panmure Gordon avows. Europe was one of those niggling worries, with sales declining by 1% in the second quarter versus Panmure Gordon's expec
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