FTSE 100 movers: Kingfisher surges as French acquisition falls through, miners higher
30th Mar 2015 13:29
Kingfisher surged after revealing its deal to acquire French rival Mr Bricolage will not go ahead as a result of shareholder and board opposition to the terms of the deal. Some Mr Bricolage franchisees are thought to fear the store closures that would be necessary for Kingfisher to win regulatory ap
Read moreLondon midday: Chinese stimulus hopes drive UK stocks higher
30th Mar 2015 11:57
UK stocks were in positive territory on Monday for the first time in five days as speculation about stimulus in China buoyed sentiment. Positive economic data also helped the mood in London, with UK mortgage approvals and Eurozone consumer confidence rising more than expected. The FTSE 100 was up 0
Read moreLondon open: Stocks snap losing streak on central bank hopes
30th Mar 2015 08:35
UK stocks were snapping a four-day losing streak on Monday morning as hopes for central bank support repaired sentiment. London's FTSE 100 was up 0.58% at 6,894.60 early on. "The FTSE saw tentative gains this morning as the UK index tried to stall the four consecutive days of huge losses that saw t
Read moreLondon pre-open: UK stocks to open higher after recent falls
30th Mar 2015 07:41
UK stocks are expected to rebound slightly on Monday morning, snapping a four-day losing streak ahead of a busy day for economic data. City sources predict the FTSE 100 will open 26 points higher than Friday's close of 6,855.02. The index has continued to fall since reaching a record closing high of
Read moreRolls-Royce wins Trent 1000 engine contract with Air China
30th Mar 2015 07:29
Rolls-Royce's Trent 1000 engines have been selected by Air China to power 15 new Boeing 787-9 Dreamliner aircraft. Air China, which will also take the engine makers' TotalCare aftermarket support, already has 49 Trent 700-powered Airbus A330 aircraft in service, with four to be delivered, and 10 Tre
Read moreFriday broker round-up
13th Mar 2015 12:06
Poundland: Morgan Stanley lifts target to 280p from 245p and reiterates underweight. Vesuvius: UBS hikes target to 610p from 560p and reiterates buy. Prudential: Credit Suisse raises target to 1,900p from 1,750p and reiterates outperform. BT Group: Berenberg raises target to 570p from 475p and rei
Read moreThursday broker round-up
12th Mar 2015 17:30
Asos: Cannacord Genuity raises target to 3,250p from 2,520p and reiterates hold. Cambian Group: Cannacord Genuity lifts target to 311p from 294p and reiterates buy. BP: JP Morgan raises target to 410p from 400p and reiterates underweight. Royal Dutch Shell: Investec reiterates hold. Supergroup: C
Read moreRolls-Royce awarded $300m Trent 700 contract with Turkish Airlines
9th Mar 2015 17:06
Rolls-Royce said Monday that it has been awarded $300m for the supply of its Trent 700 engines and support services to Turkish Airlines. The engines will power four of the carrier's Airbus A330 freighter aircraft. "This is further demonstration of the market's continued demand for both the A330 and
Read moreLondon midday: FTSE flat as UK stocks pause at 15-year high
18th Feb 2015 12:16
UK stocks had erased gains and were trading broadly flat by Wednesday lunchtime, though the FTSE 100 held just short of its all-time high on the back of hopes for Greece. The FTSE 100 was up just 0.04% at 6,900.77 by midday, having pulled back after reaching a high of 6,921.32 early on. The last ti
Read moreLondon open: Greek hopes send FTSE to 15-year high as stocks near record levels
18th Feb 2015 08:46
UK stocks were trading at a 15-year high on Wednesday morning, nearing record levels on the back of hopes that Greece will bow into international pressure and request a bailout extension. The FTSE 100 was up 0.2% at 6,913 in early deals. The last time the index has closed above this level was on 30
Read moreLondon close: FTSE closing in on record high as commodity stocks rally
13th Feb 2015 16:30
UK stocks jumped on Friday as rising commodity prices lifted shares in the oil and mining sectors, while hopes increased that Europe can come to an agreement over the future of Greece. The FTSE 100 rose 0.7% to 6,873.52 by the end of trade, its best finish since early September 2014. The index is no
Read moreFTSE 100 movers: Glaxosmithkline upgraded, miners and oil stocks higher
13th Feb 2015 14:29
Glaxosmithkline's shares were given a boost by UBS which upgraded its rating for the pharmaceutical stock by two notches from 'sell' to 'buy', saying that the business is now at an "inflection point" after a tough few years. The bank hiked its target price for the stock from 1,250p to 1,700p. The sh
Read moreBroker tips: Glaxosmithkline, Rolls-Royce, ITV
13th Feb 2015 11:48
Glaxosmithkline's shares were given a boost on Friday by UBS which upgraded its rating for the pharmaceutical stock by two notches from 'sell' to 'buy', saying that the business is now at an "inflection point". The bank hiked its target price for the stock from 1,250p to 1,700p, saying it foresees p
Read moreInvestec cautious about 2016 outlook for Rolls-Royce
13th Feb 2015 11:42
Investec said that investors are likely to remain cautious about Rolls-Royce as the engine maker faces challenges across most business next year. The broker placed its 'hold' rating, 860p target price and forecasts under review for the FTSE 100 group. Rolls-Royce's annual results released Friday we
Read moreLondon midday: Eurozone GDP data lifts markets as resource stocks rise
13th Feb 2015 11:37
Stronger-than-expected Eurozone growth figures and easing concerns about Ukraine and Greece gave stocks a boost in London on Friday, with resource shares leading the advance. The FTSE 100 was trading 0.6% higher at 6,869 by midday, as metal and oil stocks tracked commodity prices higher. Eurozone g
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