Sector movers: Bid target Smith & Nephew lifts healthcare as Medtronic enters the fray
5th Jun 2014 14:37
Ongoing M&A speculation boosted the share price of Smith & Nephew (S&N) on Thursday, giving the healthcare sector a lift, as another company was reported to be interested in the medical devices firm. According to Bloomberg which cited people familiar with the matter, US peer Medtronic is in the ear
Read moreBroker tips: Smith & Nephew, BSkyB, ASOS, Supermarkets
5th Jun 2014 12:54
Analysts at Credit Suisse said on Thursday that there is a "potential bidding war on the horizon" for medical devices group Smith & Nephew as US peer Medtronic became the latest company rumoured to be interested in the UK group. Satellite broadcaster BSkyB may rein back spending on English Premier
Read moreLondon midday: Investors show caution ahead of ECB, ASOS leads retailers lower
5th Jun 2014 11:25
- Markets await ECB decision, Draghi with caution - BoE keeps policy unchanged - ASOS shares plummet after profit warning, retailers fall - Smith & Nephew jumps on continued M&A speculation techMARK 2,820.75 -0.07% FTSE 100 6,796.31 -0.33% FTSE 250 15,939.53 -0.29% UK stocks were in the red on Thu
Read moreBidding war possible for Smith & Nephew, says Credit Suisse
5th Jun 2014 10:08
Analysts at Credit Suisse said on Thursday that there is a "potential bidding war on the horizon" for medical devices group Smith & Nephew (SN) as US peer Medtronic (MDT) became the latest company rumoured to be interested in the UK group. According to Bloomberg, which cited people familiar with th
Read moreSmith & Nephew gains amid Medtronic bid speculation
5th Jun 2014 09:18
M&A speculation surrounding Smith & Nephew (S&N) continued to do the rounds on Thursday amid reports that US peer Medtronic is looking to take over the company. According to Bloomberg which cited people familiar with the matter, Medtronic is still in in the early stages of preparing to make a bid a
Read moreLondon open: ASOS plummets as UK stocks fall ahead of ECB
5th Jun 2014 08:26
techMARK 2,825.83 +0.11% FTSE 100 6,802.80 -0.23% FTSE 250 15,937.44 -0.31% A surprise profit warning from fast-growing fashion retailer ASOS and a cautious outlook from speciality chemicals firm Johnson Matthey sent UK stock markets lower on Thursday, as investors nerves were tested ahead of the p
Read moreLondon pre-open: Quiet start expected as investors eagerly await ECB decision
5th Jun 2014 07:26
It is likely to be a subdued start for equity markets in the UK as investors sit on their hands ahead of the pivotal European Central Bank (ECB) meeting this afternoon. Though the ECB is widely expected to unleash a host of new measures to battle deflationary pressures and boost growth across the
Read moreThursday newspaper round-up: Smith & Nephew, Saga, Morrisons
5th Jun 2014 07:21
Smith & Nephew could become the centre of an American bidding war after another US company was said to be interested in making an offer for the medical technology company. As shares in the FTSE 100-listed hip replacement maker rose by more than three per cent yesterday, there were reports that Medtr
Read moreLondon close: FTSE drops on ex-divi stocks, supermarkets, US data
4th Jun 2014 16:59
- FTSE 100 closes 17.67 points lower at 6,818.63 - Ex-divi stocks, Tesco, miners provide drag - Focus on US data misses and tomorrow's ECB meeting techMARK 2,822.66 +0.31% FTSE 100 6,818.63 -0.26% FTSE 250 15,986.47 +0.09% Ex-dividends, supermarkets and miners dragged the FTSE to yet another negat
Read moreFTSE 100 movers: Ex-divi and supermarket stocks weigh index down
4th Jun 2014 15:38
National Grid led the fallers after going ex-dividend, with WPP also lower for the same reason. Tesco erased earlier gains and dropped into the red as the decline in like-for-like (LFL) sales at its UK business worsened in the first quarter, with the recent wave of price cuts and competitive measu
Read moreBroker tips: Tesco, Smith & Nephew, Pennon, Poundland
4th Jun 2014 12:24
Investors gave a mixed reaction to results from Tesco on Wednesday as a less-than-expected fall in first-quarter like-for-like (LFL) sales failed to stop the shares sinking into the red by mid-morning. Panmure Gordon Market Commentator David Buik said that despite coming in ahead of forecasts the 3
Read moreLondon midday: Tesco shares slip as UK stocks fall ahead of ECB
4th Jun 2014 11:37
- Markets await ECB meeting, US jobs data - UK services PMI ahead of expectations - US ADP report in focus later on, US futures fall - Tesco LFL sales worsen amid price cuts techMARK 2,816.15 +0.07% FTSE 100 6,820.85 -0.23% FTSE 250 15,978.73 +0.04% Nervousness ahead of the European Central Bank (
Read moreM&A speculation to support Smith & Nephew shares, says JPMorgan
4th Jun 2014 10:09
Shares in Smith & Nephew (S&N) were making gains on Wednesday after JPMorgan Cazenove said that M&A speculation could provide support to the stock in the near term after its recent strong performance. JPMorgan, which labelled medical device maker as 'neutral', pointed out that the shares have risen
Read moreLondon close: Miners drag FTSE to negative finish
30th May 2014 16:59
- FTSE closes down 26.78 points at 6,844.51 - Fenner, miners provide drag - UK consumer confidence out of the red techMARK 2,812.27 +0.10% FTSE 100 6,844.51 -0.39% FTSE 250 16,010.25 +0.35% Miners dragged the FTSE to a negative finish in today's session, following what one analyst described as a
Read moreFTSE 100 movers: Miners slide on iron ore and China concerns
30th May 2014 15:41
Mining stocks were trading firmly in the red as iron ore prices were headed for their sixth consecutive monthly decline, the longest losing streak on record. Meanwhile, concerns about a slowdown in China were also having an impact on stocks, as well as a profit warning from FTSE 250-listed Fenner,
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