London midday: Miners pull UK markets lower, but Smith & Nephew rises
30th May 2014 11:34
- Mining stocks lower on iron ore, China concerns - Fenner issues profit warning - M&A continues to boost Smith & Nephew techMARK 2,820.23 +0.39% FTSE 100 6,860.62 -0.16% FTSE 250 16,039.31 +0.53% Weakness in the mining sector dragged the UK stock market from a two-week high on Friday, despite M&A
Read moreUBS ups target for Smith & Nephew, adds stock to M&A Watch List
30th May 2014 10:14
Smith & Nephew (S&N) is a "minor player in a consolidating market", according to UBS,which said the medical device maker needs to build its scale quickly or risk being taken over. As bid speculation continues to dominate sentiment surrounding the stock, the bank has raised its target price for the
Read moreFriday newspaper round-up: US economy, Inequality, Smith & Nephew
30th May 2014 07:26
The US economy contracted sharply in the first quarter and bond yields have been falling at the fastest rate since the recession scare two years ago, in signs that bond tapering by the Federal Reserve is biting more than anticipated. The slowdown comes as a key indicator of the US money supply flash
Read moreLondon close: FTSE ends up as market ignores US GDP
29th May 2014 16:59
- FTSE 100 closes up 20 at 6,871 - US Q1 GDP comes in below expectations - Smith & Nephew in focus techMARK 2,809.39 +0.34% FTSE 100 6,871.29 +0.29% FTSE 250 15,954.82 +0.12% UK stocks settled higher after rising early on and staying fairly steady throughout the afternoon, despite the release of a
Read moreFTSE 100 movers: Smith & Nephew rises on Stryker bid chatter
29th May 2014 15:35
Medical device maker Smith & Nephew was a high riser again after reports yesterday suggested that US peer Stryker was working on a bid for the firm. While the rumours were denied by Stryker, Smith & Nephew's share price was continuing to extend gains this morning after Credit Suisse said it sees "me
Read moreBroker tips: Lloyds, Smith & Nephew, IMI, Imagination Technologies
29th May 2014 12:47
Broker Oriel said Lloyds Banking Group's offloading of TSB should enhance net interest margin for the bank and, with a rising dividend yield, has reiterated its 'buy' recommendation on the bank. "This improvement should become apparent once TSB is deconsolidated, which will depend on how quickly Ll
Read moreLondon midday: Smith & Nephew leads UK markets higher
29th May 2014 11:45
- FTSE 100 nears two-week high, S&P 500 to retest records - US GDP revisions due out this afternoon - Smith & Nephew extends gains amid M&A speculation - Kingfisher disappoints with Q1 results techMARK 2,815.99 +0.58% FTSE 100 6,872.56 +0.31% FTSE 250 16,017.89 +0.52% UK stocks were heading toward
Read moreCredit Suisse sees upside at Smith & Nephew in potential Stryker takeover
29th May 2014 11:12
Credit Suisse has kept its 'neutral' stance on medical device maker Smith & Nephew (S&N) but has said it sees upside to the share price if the rumoured takeover by US peer Stryker were to go ahead. Shares in S&N surged on Wednesday afternoon after numerous reports that Stryker was working on a bid
Read moreLondon open: Stocks inch towards two-week high ahead of US data
29th May 2014 08:51
- Smith & Nephew up as M&A speculation continues - Kingfisher disappoints with Q1 results - FTSE 100 on track to hit two-week high - Chinese stimulus, US GDP in focus - Rates to rise "sooner rather than later", says MPC's Weale techMARK 2,803.00 +0.11% FTSE 100 6,866.03 +0.22% FTSE 250 15,947.93 +0
Read moreLondon close: Investors tread carefully ahead of record highs
28th May 2014 17:18
- Eurozone money supply weak, German unemployment rises - Markets cautious after recent highs - LSE leads financials higher - GSK to be investigated by UK fraud body techMARK 2,799.81 +0.48% FTSE 100 6,851.22 +0.09% FTSE 250 15,935.43 +0.58% UK stocks ended slightly higher after trading in a narr
Read moreStryker denies rumoured takeover offer for Smith & Nephew
28th May 2014 15:14
US medical devices maker Stryker has responded to media speculation by saying it is not looking to buy UK-listed peer Smith & Nephew, bringing shares in the latter back down to earth after an earlier surge. The comments followed a Financial Times article on Wednesday afternoon which suggested Stryk
Read moreSector movers: M&A continues to lift healthcare stocks as Smith & Nephew jumps
28th May 2014 15:14
Healthcare stocks were at the top of the pile on Wednesday on the back of continued M&A activity in the sector, with UK-listed medical device maker Smith & Nephew in focus on reports of bid interest from overseas. The Financial Times reported today that US group Stryker had hired banks and was work
Read moreFTSE 100 movers: Royal Mail slides on broker rating cut
28th May 2014 14:58
Cantor Fitzgerald reiterated its 'sell' rating on Royal Mail, and cut its target price from 500p to 480p, pushing the stock into the bottom spot. Engineering group Weir fell after announcing it has dropped its pursuit to merge with Metso after continued rejections from the board of the Finnish riva
Read moreSmith & Nephew shares jump on Stryker bid rumours
28th May 2014 14:23
Smith & Nephew shares surged on Wednesday afternoon on the back of reports that US medical device manufacturer Stryker is readying a takeover offer for its UK rival. According to the Financial Times which cited people close to the matter, Stryker has hired banks and is working on the funding for a
Read moreSmith & Nephew reports Q1 profit drop
1st May 2014 07:36
- First quarter profit slips - US patients move procedures to previous quarter - Remains confident in 2014 outlook Medical technology business Smith & Nephew said underlying trading profit fell five per cent but remains confident in its 2014 outlook as its pipeline continues to roll out new product
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