FTSE 100 movers: Tullow recovers, Tesco and Morrison hit by Nielsen data
28th Aug 2015 14:04
(ShareCast News) - By mid afternoon on Friday, the FTSE 100 was almost exactly flat on the day, meaning despite all the drama of China's 'Black Monday', London's blue chips would end the week higher than they finished the Friday before. Leaving the rest in its wake by mid-afternoon was Inmarsat, aft
Read moreFTSE 100 movers: Easyjet falls as Greece, Asia worries drag index lower
21st Aug 2015 13:54
(ShareCast News) - The FTSE 100 fell 1.6% as political turmoil in Greece and further falls in Asia drove the sell off. The index blue-chip shares was down 103.8 points to 6,264 at 1435 BST. Pharmaceuticals firm Shire led the fallers, down 4% while Easyjet flew 3.4% lower. Standard Chartered shares
Read moreFTSE 100 movers: Anglo American, BHP lead fallers
18th Aug 2015 14:31
(ShareCast News) - The FTSE 100 was down 23 points, or 0.35%, to 6,527. Shares fell as a rise in inflation heightened the debate on whether the Bank of England would lift rates as early as this year. Inflation rose by just 0.1% in July compared with expectations of a zero reading. On the stock marke
Read moreShire and Baxalta in takeover stand-off
16th Aug 2015 12:57
(ShareCast News) - Drug maker Shire is likely to improve its takeover offer for US competitor Baxalta after its first offer was rebuffed, but has put pressure on its rival to make some concessions first. The Dublin-headquartered pharmaceuticals group will have to add around $5 per share to its initi
Read moreLondon close: Stocks rebound as Fed official suggest later rate hike
10th Aug 2015 16:25
(ShareCast News) - UK stocks regained ground at close of trading on Monday after a US Federal Reserve official suggested a September rate hike may not be on the cards as many expect. Fed vice chairman Stanley Fischer on Monday told Bloomberg he doesn't expect the first rate hike in nine years to occ
Read moreLondon close: UK equities close week lower after non-farms, BoE's 'Super Thursday'
7th Aug 2015 16:13
(ShareCast News) - A worse-than-expected US non-farm payrolls report and the Bank of England's downward revision to inflation estimates dragged UK equities lower at close of trading on Friday. The US added 215,000 jobs in July, falling short of forecasts of 225,000, according to the Labor Department
Read moreWednesday tips round up: Royal Bank of Scotland, Shire
5th Aug 2015 11:41
(ShareCast News) - The Times' Tempus said investors should buy into Royal Bank of Scotland as its strong balance sheet should allow eventual returns. The debate over whether the government will get back the 502p per share it paid back in 2008 for Royal Bank of Scotland is pointless, Tempus said. Th
Read moreWednesday newspaper round-up: Official statistics, RBS sale, Shire
5th Aug 2015 08:27
(ShareCast News) - Sir Charlie Bean, former deputy governor of the Bank of England, will today put the nation's number crunchers on notice that the status quo is untenable, arguing that the internet revolution has rendered Britain's official statistics out of date. Speaking ahead of the launch of hi
Read moreFTSE 100 movers: Shire slips on bid rebuff, Smiths lifted by activist hopes
4th Aug 2015 14:47
(ShareCast News) - The FTSE 100 was marginally in the red on Tuesday afternoon after an early fall was followed by a sharp bounce that soon lost momentum. London's primary equity index was down 0.14% at 6,679.14 points by 1405 BST, with shares in drug company Shire leading the fallers. The Dublin-h
Read moreShire urges Baxalta to enter talks after $30.6bn offer declined
4th Aug 2015 13:34
(ShareCast News) - Shire has been rebuffed after making an all-stock takeover approach for newly spun-out Baxalta at $45.23 per share, which values the deal at roughly $30.6bn. Shire claimed the combination, which would have given Baxalta shareholders approximately 37% of the combined Shire group, w
Read moreShire buys Foresight Biotherapeutics for $300m
3rd Aug 2015 13:43
(ShareCast News) - Shire has acquired New York-based, privately-held Foresight Biotherapeutics for $300m. The deal gives Shire the global rights to FST-100, which are topical ophthalmic drops used in the treatment of infection conjunctivitis, also known as pink eye. Shire said the acquisition furth
Read moreFTSE 100 movers: Pearson plumped on FT sale, ARM bounces, Aberdeen drops
23rd Jul 2015 15:35
(ShareCast News) - London's blue chip index bumped along just above parity for most of Thursday, as the bid talk for Pearson's iconic Financial Times newspaper and various company results announcements were the prime mover of prices. As of 15:30, the FTSE 100 was trading just 0.06% lower at 6,663.02
Read moreShire misses second quarter growth forecasts but boosts EPS guidance
23rd Jul 2015 13:04
(ShareCast News) - Second-quarter revenues and earnings from Shire fell short of expectations, but the drug group upped its earnings growth guidance for the full year. Total revenues for the three months to June 30 of $1.56bn were up 4% against the same period last year, or 9% at constant exchange r
Read moreThursday broker round-up
16th Jul 2015 18:10
(ShareCast News) - Aveva Group: Panmure Gordon reiterates buy and 1,420p target. BP: JP Morgan Cazenove reiterates overweight. Centrica: Berenberg Bank reiterates underperform and ups target to 1,060p from 1,000p. Dixons Carphone: Canaccord Genuity ups target to 530p from 500p while reiterating bu
Read moreFTSE 100 movers: Shire higher on positive broker coverage, Rio Tinto boosted as production improves
16th Jul 2015 14:47
(ShareCast News) - London markets inched higher on Thursday, spurred on by reports of progress in Greece and strong performances from oil, engineering and property stocks. As of 1430 BST, the FTSE 100 was trading 0.6% higher at 6,791. Shire got a leg up as Berenberg re-initiated coverage of the sto
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