Competition regulator to probe RELX takeover of legal publisher
15th Jul 2015 15:18
(ShareCast News) - The UK's competition watchdog said it would review the potential takeover by LexisNexis owner RELX of Jordan Publishers. The Completion and Markets Authority (CMA) said it would consider whether the acquisition by Reed Elsevier, the trading name of RELX Plc, of privately owned leg
Read moreLondon close: Stocks shake off worries, close off lows
9th Jun 2015 16:38
London stocks managed to finish the session above their worst levels of the day as Wall Street fought to break a three day losing streak, although worries regarding the situation in Greece and the recent selling in German sovereign debt markets continued to weigh on sentiment. The Footsie ended the
Read moreFTSE 100 movers: HSBC dips on cuts and closures, miners lower
9th Jun 2015 13:17
UK stocks were slightly lower on Tuesday, as fragile negotiations between Greece and its creditors weighed on investors' risk appetites. Sector-wise, industrial metals, oil and telecommunications stocks provided the biggest drag. As of 14:30 BST, the FTSE 100 was trading 0.16% lower at 6,779. HSBC
Read moreLondon midday: Stocks knocked lower by Greek worries, Chinese data
9th Jun 2015 12:14
London stocks registered early gains although traders were still treading cautiously given the delicate state of the negotiations between Greece and its creditors. As of 12:20 the Footsie was lower by 19.89 points or 0.29% to 6,773.54 points. In parallel, Germany's Dax could be seen lower by 1.30% t
Read moreBroker tips: HSBC, Reed Elsevier
9th Jun 2015 11:24
Shares in HSBC fell 0.8% on Tuesday after the company outlined a round of job cuts and branch closures in its latest investor update. Shore Capital said the update was "rather uninspiring", and essentially reaffirms previously-held commitments around costs, returns and dividend policy, while aiming
Read moreReed Elsevier upgraded to 'overweight' by Barclays
9th Jun 2015 09:13
Barclays upgraded Reed Elsevier to 'overweight' from 'equal weight' and raised the target price to 1,225p from 1,135p. "We believe Reed is a good value defensive stock with strong market positions," said Barclays. "We see potential for progress on earnings per share momentum, driven by better margin
Read moreLondon open: Traders watching Greek negotiations closely
9th Jun 2015 08:57
London stocks registered early gains although traders were still treading cautiously given the delicate state of the negotiations between Greece and its creditors. As of 09:09 the Footsie was higher by 1.86 points to 6,791.90 points. "The fact that we're seeing technical support levels [across Euro
Read moreTuesday broker round-up
9th Jun 2015 07:52
Reed Elsevier: Barclays ups target price to 1,225p and lifts recommendation to overweight from equal-weight. HSBC Holdings: Investec reiterates hold and 620p target. Bernstein keeps target price at 650p. Goldman Sachs places estimates under review. Credit Suisse reiterates underperform and 580p targ
Read moreReed Elsevier rating upgraded by Investec on valuation and "steady" performance
3rd Jun 2015 13:33
Investec upgraded Reed Elsevier to 'buy' from 'add', pointing to the recent share price drift. "Though still at quite healthy levels versus recent history, we believe Reed shares now look more attractive post recent relative underperformance," said Investec. It said the stock's valuation looked mor
Read moreFTSE 100 movers: BHP Billiton extends losses, Land Securities surges on higher dividend
19th May 2015 13:15
UK stocks edged higher on Tuesday, despite confirmation of the UK's first deflation since the 1960s. Sector-wise, losses made by miners and telecommunications were offset by strong results from real estate, construction and insurance stocks. As of 2:40GMT, the FTSE 100 was trading 28 points higher a
Read moreFTSE 100 movers: Shire surges on earnings growth, RBS hit by weak revenues
30th Apr 2015 13:04
Shire surged after reporting that earnings rose 20% in the first quarter as sales at the Dublin-headquartered drug company overcame a sharp drop in its Intuniv attention deficit disorder drug and dollar headwinds. Royal Dutch Shell was trading higher after revealing a better-than-expected 56% drop i
Read moreLondon open: Stocks slip after strong start, Tesco gains despite weak results
22nd Apr 2015 08:53
After a brief stint in positive territory, UK stock markets dropped on Wednesday morning as the FTSE 100 came close to a record high, despite a surprisingly positive reaction to Tesco's worse-than-expected annual results. The FTSE 100, which touched a high of 7,092.34 early on, had dropped 0.58% to
Read moreReed Elsevier on track to grow profits this year
22nd Apr 2015 07:34
Reed Elsevier, the Anglo-Dutch media company changing its name to RELX Group, said its full-year outlook remains unchanged with business trends in the first quarter consistent with last year. The FTSE 100 group said it was continuing to focus on organic growth with only £28m of acquisition activity
Read moreLondon close: FTSE edges higher to new record close
26th Feb 2015 16:48
London's FTSE 100 managed to inch higher to a new record high on Thursday as improving economic data across Europe and positive developments in Ukraine boosted markets after a slow start. The UK benchmark index finished the day up 14.35 points at a new closing high of 6,949.73, up 0.2% on the day an
Read moreFTSE 100 movers: Standard Chartered soars on new CEO, RBS dips after missing forecasts
26th Feb 2015 14:16
Standard Chartered surged after appointing former JPMorgan boss Bill Winters as its new chief executive, as it confirmed current head Peter Sands will step down in June. The bank also announced that chairman John Peace will step down in 2016. Mining stocks were on the rise as metal prices improved,
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