London close: Stocks fall as mining shares, oil prices decline
12th Oct 2015 16:10
(ShareCast News) - London stocks ended lower on Tuesday, dragged down by mining shares and drop in oil prices. Glencore was the biggest faller on the FTSE as the troubled miner began the process of selling two of its copper mines in Australia and Chile. Fellow miners Anglo American, Antofagasta and
Read moreFTSE 100 movers: SABMiller gains as AB InBev sweetens approach; Rolls-Royce slumps
12th Oct 2015 14:47
(ShareCast News) - London's FTSE 100 was down 0.7% to 6,374.06 at 1520 BST as investors struggled for direction amid quiet trade, with no major data releases scheduled. SABMiller was on the front foot as Belgium-based Anheuser-Busch InBev sweetened its proposal to £43.50 after its London-listed riva
Read moreAB InBev sweetens proposal to SABMiller to £43.50 a share
12th Oct 2015 14:35
(ShareCast News) - Belgium-based Anheuser-Busch InBev has sweetened its proposal to SABMiller to £43.50 per share after its London-listed rival rebuffed a third approach at £42.15 last week. AB InBev said the improved proposal comprises a cash offer of £43.50 per share, with a partial share alternat
Read moreAB InBev said to have sweetened its approach to SABMiller
12th Oct 2015 12:56
(ShareCast News) - Belgium-based Anheuser-Busch InBev has reportedly sweetened its approach to SABMiller after its London-listed rival rebuffed a third approach at £42.15 a share last week. According to Sky News, AB InBev made another approach to SABMiller's board on Monday which values the company
Read moreSunday newspaper round-up: IMF, Anheuser-Busch InBev, Barclays
11th Oct 2015 12:26
(ShareCast News) - The International Monetary Fund concluded its annual meeting in Lima with a warning to central bankers that the world economy risks another crash unless they continue to support growth with low interest rates. The Washington-based lender of last resort said in its final communiqué
Read moreSABMiller raises cost savings targets
9th Oct 2015 09:12
(ShareCast News) - SABMiller, which rejected a third offer from Anheuser-Busch InBev this week, said on Friday that it has increased its annual run rate cost savings target. The brewer, which rebuffed a £42.15 per share offer from its Belgium-based rival this week, has upped its cost savings target
Read moreThursday broker round-up
8th Oct 2015 17:33
(ShareCast News) - Tullow Oil: JP Morgan Cazenove upgrades to overweight, cuts target price to 310.00p. Soco International: UBS downgrades to sell, keeps target price at 150.00p. Synthomer: Berenberg Bank starts new coverage with a buy, sets target price at 400.00p. Weir Group: Investec Securities
Read moreAB InBev calls on SABMiller shareholders not to let board prevent bid
8th Oct 2015 11:04
(ShareCast News) - Anheuser-Busch InBev hit back at SABMiller on Thursday after the London-listed brewer rebuffed its third approach, calling on its shareholders to push the board to engage in talks. AB InBev said it was surprised that the board of SABMiller continues to say that its proposal "still
Read moreThursday newspaper round-up: Twitter, Poundland, China
8th Oct 2015 07:37
(ShareCast News) - Saudi Arabia's richest man has become the second-largest investor in Twitter after he amassed shares worth a billion dollars. Prince Alwaleed bin Talal, a nephew of King Salman, and Kingdom Holding, his investment vehicle, said yesterday that their combined stake in the microblogg
Read moreNomura sees AB Inbev raising bid towards mid-GBP 40s
7th Oct 2015 14:51
(ShareCast News) - AB Inbev sweetened its bid price for rival brewer SAB Miller for a third time on Wednesday morning. The Leuven, Belgium-based outfit proposed a blended average offer price of £40.23, valuing the target company's equity at $99.4bn (£64.97bn). "While this represents an attractive o
Read moreSABMiller rejects AB InBev's latest offer
7th Oct 2015 13:17
(ShareCast News) - SABMiller has rejected AB InBev's latest takeover offer of £42.15 per share. The company confirmed in a statement on Wednesday afternoon that the board, not including Altria Group's appointed directors, unanimously rejected the proposal. "It still very substantially undervalues S
Read moreLondon pre-open: Stocks to start session slightly lower
7th Oct 2015 08:09
(ShareCast News) - Stocks are being called to start the day slight lower, with the Footsie down by about 20 points, ahead of what was being called to be a light day in terms of economic data releases. Wall Street finished on a mixed note overnight, amid a large rise in crude futures and following do
Read moreFighting talk as AB InBev makes third offer to SABMiller
7th Oct 2015 07:23
(ShareCast News) - AB InBev has submitted a third takeover offer to SABMiller at £42.15 per share, but it's expected the company will reject the offer. The company confirmed the move in a statement on Wednesday and also revealed its previous offers for the brewing giant of £38 per share and £40 per
Read moreLondon close: Stocks end higher as miners and oil producers rally
6th Oct 2015 16:05
(ShareCast News) - The FTSE reversed an earlier decline on Tuesday to end higher, led by mining and energy producers as oil and base metal prices rallied. Oil producers Royal Dutch Shell, BP and BG Group were among the top risers as Brent crude and West Texas Immediate jumped 4% to $51.34 per barrel
Read moreFTSE 100 movers: Shell in confident mood; SABMiller plunges as informal offer rejected
6th Oct 2015 13:39
(ShareCast News) - After a slow start, the FTSE 100 was up 22.23 points (0.35%) to 6,321.15 mid-afternoon Tuesday. Royal Dutch Shell climbed on the back of the company's chief executive speech at the Oil and Money conference in London. He told attendees that the oil company is doing everything it ca
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