London open: BAE, Rexam lead markets lower early on
20th Feb 2014 09:04
- BAE and Rexam disappoint with guidance - Mining stocks fall after Chinese manufacturing data - FOMC minutes in focus techMARK 2,849.73 -0.90% FTSE 100 6,750.47 -0.68% FTSE 250 16,220.96 -0.77% UK stocks fell on Thursday morning, tracking losses on US and Asian markets, with heavy losses from blu
Read moreLondon pre-open: Stocks set to slide early on after data disappoints
20th Feb 2014 07:30
- Sentiment hit by poor US and Chinese data - FOMC minutes reveal plans for continued tapering - IMF warns of financial problems arising in emerging markets Stocks are set to open firmly in the red today after both Chinese and US data came in below expectations overnight. City sources predict th
Read moreRexam expects 'further progress' after growth in 2013
20th Feb 2014 07:16
- Underlying profits rise four per cent - Sales and volumes up one per cent - 'Further progress' expected this year Packaging group Rexam said underlying profits rose four per cent in 2013 as it gave an upbeat outlook, with the company now focused exclusively on the beverage can market following it
Read moreRexam agrees to buy stake in United Arab Can Manufacturing
13th Feb 2014 15:31
Rexam has agreed to buy a 51 per cent stake in beverage can maker United Arab Can Manufacturing (UAC) for 122m dollars. UAC, situated in Dammam, Saudi Arabia, has an annual capacity of 1.8bn cans in both standard and specialty sizes. In 2012, the company generated earnings before interest, tax, dep
Read moreTuesday tips round-up: Lloyds, Rexam, BBA Aviation
4th Feb 2014 06:49
Executives at Lloyds are asking too much of investors. Following yesterday's surprise pre-close trading update from the lender, the possibility that it might announce a dividend payout alongside its full year results on February 13th has vanished into thin air, at least until six months from now.
Read moreFTSE 100 movers: Randgold cheers with strong update
3rd Feb 2014 14:52
Randgold Resources was the strongest riser after it said it hit targets for 2013, boosted gold production to a new record level and expects output to rise over the next five years. Production for the quarter and year to December rose 20 per cent and 15 per cent respectively, in line with the company
Read moreLondon midday: Investors waiting on raft of new data
3rd Feb 2014 11:43
- Slight fall in Footsie - Lloyds dives on PPI bill update, dividend plans - Chinese data just in line - Eurozone manufacturing may relieve pressure on ECB, some say The FTSE 100 was dipping slightly into the red come midday, buoyed by its proximity to important levels of so-called 'technical suppo
Read moreLondon open: FTSE inches higher despite ECB concerns
3rd Feb 2014 08:55
- Modest rise on FTSE - Lloyds dives on PPI bill update - Chinese and Aussie data disappoints - Focus to be on Eurozone manufacturing techMARK 2,783.19 +0.30% FTSE 100 6,514.32 +0.06% FTSE 250 15,690.31 +0.10% The FTSE surprised with a positive start to today's session, inching marginally into pos
Read moreRexam proposes sale of Healthcare divisions
3rd Feb 2014 07:09
Rexam has proposed the sale of the Pharmaceutical Devices and Prescription Retail Packaging divisions of its Healthcare business for 805m dollars. The consumer packaging company said Montagu Private Equity has made a binding offer for the divisions. The transaction is subject to regulatory approval
Read moreLondon pre-open: FTSE to open lower after Chinese data disappoints
3rd Feb 2014 06:53
City sources predict the FTSE 100 will open eight points below Friday's close of 6,510.44, as concerns mount over this week's interest rates decision by the European Central Bank (ECB). Following Friday´s weaker-than-expected reading on Eurozone consumer price inflation, at least a handful of the
Read moreLondon open: Markets lower for fourth day straight, Aberdeen drops
24th Jan 2014 08:39
- Markets flat after heavy falls on Thursday - Carney signals end to forward guidance - Aberdeen suffers from Morgan Stanley downgrade techMARK 2,828.92 +0.04% FTSE 100 6,760.54 -0.19% FTSE 250 15,950.23 -0.19% UK markets opened lower on Friday morning as traders headed into the weekend in a cauti
Read moreFTSE 100 movers: Centrica, ARM Holdings, Rexam
18th Dec 2013 14:52
Centrica was the top riser on Wednesday after the energy company said it would sell its Texas gas-fired power stations to Blackstone for 685m dollars and use the proceeds to extend its share buyback programme. Chipmaker ARM Holdings gained after Dixons Retail posted sales growth driven by tablet co
Read moreWednesday broker round-up UPDATE
18th Dec 2013 08:44
Berendsen: Panmure Gordon raises target price from 761p to 917p, while retaining its hold recommendation. British American Tabacco: Nomura cuts target price from 3840p to 3720p, while staying with its buy recommendation. bwin.party: Daniel Stewart reduces target price from 173p to 146p, while its
Read moreSector movers: RPC leads industrials higher after Maynard & Harris purchase
16th Dec 2013 15:44
The general industrial sector was up two per cent on Monday as plastic packaging group RPC pleased investors with the acquisition of smaller peer Maynard & Harris (M&H). M&H is a personal care, healthcare and food packaging business and a "good strategic fit", according to RPC. Analysts at Panmure
Read moreSector movers: Industrials lower as Smiths Group underwhelms
19th Nov 2013 15:10
An underwhelming first-quarter update from Smiths Group meant that the general industrials sector was one of the worst performing categories on Tuesday. The company, which works in the threat & contraband detection, medical devices, energy, communications and engineered components markets, said tha
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