Sunday share tips: Poundland, Rio Tinto, Fox Marble
12th Apr 2015 16:21
Buy shares in Poundland, recommended the Sunday Times' Inside the City column. Last week the Competition and Markets Authority (CMA) threatened to potentially block Poundland's takeover of rival 99p Stores unless it sold off almost a hundred stores or submit the deal to a long inquiry by the regulat
Read moreLondon midday: Stocks shrug off weak data as FTSE closes in on new record
10th Apr 2015 11:44
Weaker-than-expected UK data wasn't enough to stop shares from advancing on Friday, as decent gains in the housebuilding sector pushed the FTSE 100 back towards its record high. The Footsie was up 0.36% at 7,040.54 by midday. The index's previous closing high of 7,037.67 was set on 23 March, while
Read moreLondon open: UK stocks near record highs as housebuilders rise
10th Apr 2015 08:33
UK stocks were on track to hit a new record on Friday, helped by strong gains in the housebuilding sector. London's FTSE 100 was up 0.46% at 7,047.39 shortly after the open. The index's previous closing high of 7,037.67 was set on 23 March, while the intraday record of 7,065.08 was set on 24 March.
Read moreLondon open: Miners fall, but UK markets track US and Hong Kong stocks higher
9th Apr 2015 08:57
UK stocks advanced on Thursday morning following a decent performance on Wall Street and Hong Kong indices overnight. Reports that Greece will meet Thursday's deadline to pay back a €450m loan payment to the International Monetary Fund were also helping sentiment. "The payment has been scheduled and
Read moreThursday newspaper round-up: FOMC minutes, Glencore/Rio Tinto, Greece
9th Apr 2015 07:16
Minutes from the latest FOMC meeting released on Wednesday showed that policymakers were split several ways over when to start tightening monetary policy, the Financial Times said. Some suggested a hike as soon as June, while others preferred waiting until later this year or into 2016. Australian tr
Read moreLondon close: Stocks drop into the red as M&A fever fails to sustain optimism
8th Apr 2015 17:03
The M&A fever that sent UK markets higher on Wednesday morning fizzled out towards the end of the day, with the FTSE 100 dropping into the red by the close. BG Group, which had soared as much as 40% early on, pared gains to finish 26.7% higher after the natural gas outfit recommended a £47bn takeove
Read moreWednesday tips round-up: Glencore, Rio Tinto, BCA
8th Apr 2015 15:20
Analysts are wary regarding the prospects for a Glencore bid for Rio Tinto emerging any time soon and for good reason. For one thing, over the last six months shares in the latter have performed rather better. That means that for Glencore issuing new shares now, to finance a purchase, would be more
Read moreFTSE 100 movers: BG Group soars on Shell takeover, Sky gains on Vivendi rumours
8th Apr 2015 14:49
Shares in BG Group rocketed 32% on Wednesday after its board recommended a £47bn takeover offer from Shell. The bid values BG at around 1,350p per share, a 50% premium to its closing price of 910.4p on Tuesday. If the transaction completes, BG shareholders will be left with a 19% stake in the enlarg
Read moreChina mulls iron ore subsidy as market rout continues
8th Apr 2015 13:19
The Chinese government is drawing up plans to subsidise the country's iron ore sector in wake of the wider market slump, according to an official channel. The Shanghai Securities News, a state website, said the government would "soon publish" new policy initiatives aimed at providing financial suppo
Read moreLondon close: FTSE jumps 1.9% as markets rally after Easter break
7th Apr 2015 17:06
London's FTSE 100 posted a triple-digit point gain on Tuesday as traders returned to their desks in a bullish mood after the long Easter weekend. Buoyed by the recent jump in crude prices, improving economic data and speculation that the Federal Reserve will not rush to hike interest rates, the Foot
Read moreFTSE 100 movers: BG Group leads the charge as resource stocks jump
7th Apr 2015 16:05
Resource stocks were the best performers in London on Tuesday afternoon as risk appetite returned after the long weekend, with BG Group leading the charge after buying a 78% stake in blocks IV and V in central Mongolia from Petro Matad. Meanwhile, after a four-day break on the stock market for Easte
Read moreSector Movers: Mining, oil stocks recover from pre-Easter slump
7th Apr 2015 12:51
Natural resources shares led the London market with mining companies reversing pre-Easter declines in the first day of trading after the festive period. At 15:55 BST on Tuesday, the FTSE 100 was trading up 1.93% or 131.79 points at 6965.25. Mining companies lifted the market, being among the best pe
Read moreAustralian authorities pursue Rio Tinto and BHP Billiton on alleged tax avoidance
7th Apr 2015 12:10
Anglo Australian miners BHP Billiton and Rio Tinto are reportedly being pursued by the Australian Taxation Office for funnelling billions of dollars in profits from iron ore sales through companies that pay almost no tax in Singapore. A report in the Australian Financial Review on Tuesday, which cit
Read moreLondon midday: Stocks jump 1.4% with investors bullish after Easter weekend
7th Apr 2015 12:02
UK stocks surged on Tuesday morning as investors made up for lost time following the four-day weekend, tracking a strong performance on Wall Street the previous session. London's FTSE 100 was up 1.4% at 6,929.97 by midday, with just a handful of blue chips registering losses. US stocks staged a str
Read moreLondon open: UK stocks surge on Fed rate-hike delay speculation
7th Apr 2015 08:42
UK stock markets were doing their best to play catch-up on Tuesday morning as investor risk appetite returned after the four-day weekend. London's FTSE 100 was up 1.15% at 6,911.92 in early trading. The Easter weekend has worked wonders for the markets, with the European indices looking reinvigorat
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