FTSE 100 movers: Insurers and miners at polar ends of index
28th Mar 2014 14:45
Insurance groups were hit by the news the FCA is planning to look into 30m insurance policies sold between the 1970s and 2000 on the back of concerns that they may have contained 'unfair' terms continue to push insurance companies sharply lower. The policies are reportedly worth 150bn pounds. The
Read moreLondon midday: Markets erase gains as insurance stocks tank
28th Mar 2014 12:02
- Insurers drop sharply on FCA investigation reports - Miners edge higher - Chinese Premier hints at more stimulus techMARK 2,767.34 +0.16% FTSE 100 6,590.41 +0.03% FTSE 250 16,181.96 -0.12% The FTSE 100 was trading more or less flat by Friday lunchtime after erasing earlier gains as heavy losses
Read moreInvestec upgrades Smith & Nephew, sees upside through break-up
28th Mar 2014 09:18
Investec has lifted its recommendation for Smith & Nephew from 'add' to 'buy' and hiked its target price by a third, saying that the medical equipment maker is "beginning to look like a growth stock again". The broker estimates an earnings per share compound annual growth rate of over 10% over the
Read moreG4S Chief Financial Officer shows support after poor full-year results
13th Mar 2014 16:00
Himanshu Raja, the Chief Financial Officer of troubled security giant G4S has given a show of support for the ailing company following news of its loss-making year, with the purchase of 50,000 shares. The deal was made Wednesday, when the group revealed it had swung to a statutory pre-tax loss of
Read moreFriday tips round-up: Imagination, Premier Oil, Smith&Nephew
7th Feb 2014 07:11
Shares of Imagination Technologies jumped on Thursday after it confirmed that Apple had opted to extend a long-running trading relationship with the firm which dates all the way back to 2007. The collaboration is an odd one, not least because the US outfit has an almost 9% stake in the firm. It bu
Read moreSector movers: Mobile telecoms, healthcare stocks rise as results impress
6th Feb 2014 14:02
The mobile telecoms and healthcare categories were putting in decent performances on Thursday in London after results from sector heavyweights Vodafone and Smith & Nephew impressed. Vodafone gained 2.4% in afternoon trade after revenues declined by a less-than-expected 3.6% in the third quarter to
Read moreFTSE 100 movers: Vodafone, Smith & Nephew rise as results beat forecasts
6th Feb 2014 12:51
Telecoms giant Vodafone gained on Thursday after third-quarter revenue declined by a less-than-expected 3.6 per cent. Chief Executive Vittorio Colao also said he was optimistic that sales trends would begin to improve. Medical equipment manufacturer Smith & Nephew also beat analysts' forecasts as i
Read moreLondon midday: Stocks push higher ahead of ECB as BoE holds rates
6th Feb 2014 11:28
- BoE keeps policy on hold - ECB decision, press conference in focus - US futures higher ahead of data techMARK 2,769.50 +0.89% FTSE 100 6,517.70 +0.93% FTSE 250 15,697.91 +0.88% After a cautious start, UK markets pushed firmly into positive territory on Thursday and were registering decent gains
Read moreLondon open: Stocks rise but upside limited ahead of busy session
6th Feb 2014 08:29
- Stocks await economic data, policy decisions - ECB rate cut on the cards - Blue-chip updates come in mixed techMARK 2,750.64 +0.21% FTSE 100 6,465.58 +0.12% FTSE 250 15,605.64 +0.28% UK markets opened with small gains on Thursday morning as investors reacted to a number of blue-chip results, th
Read moreSmith & Nephew beats forecasts as growth picks up in Q4
6th Feb 2014 07:59
- Fourth-quarter revenues and profits exceed estimates - US, emerging markets drive growth - CEO gives confident outlook for 2014 Medical equipment manufacturer Smith & Nephew beat analysts' forecasts as it registered a strong end to 2013 with underlying revenue growth picking up in the fourth quar
Read moreLondon open: FTSE inches higher despite ECB concerns
3rd Feb 2014 08:55
- Modest rise on FTSE - Lloyds dives on PPI bill update - Chinese and Aussie data disappoints - Focus to be on Eurozone manufacturing techMARK 2,783.19 +0.30% FTSE 100 6,514.32 +0.06% FTSE 250 15,690.31 +0.10% The FTSE surprised with a positive start to today's session, inching marginally into pos
Read moreSmith & Nephew buys ArthroCare Corp
3rd Feb 2014 07:22
Medical technology company Smith & Nephew has agreed to buy medical device company ArthroCare Corp. The group will pay $1.7bn, or $48.25 per ArthroCare share in cash, representing an enterprise value of $1.5bn. Smith & Nephew said the business will boost revenues as it complements its existing po
Read moreLondon pre-open: FTSE to open lower after Chinese data disappoints
3rd Feb 2014 06:53
City sources predict the FTSE 100 will open eight points below Friday's close of 6,510.44, as concerns mount over this week's interest rates decision by the European Central Bank (ECB). Following Friday´s weaker-than-expected reading on Eurozone consumer price inflation, at least a handful of the
Read moreBroker snap: Smith & Nephew 'undervalued', UBS upgrades
27th Jan 2014 09:51
UBS has upgraded its recommendation for medical equipment maker Smith & Nephew from 'neutral' to 'buy', saying that even after significant outperformance the stock remains undervalued compared with others in the sector. "Smith & Nephew trades at a 10% discount to peers despite a superior return on
Read moreLondon close: FTSE 100 hits seven-week low on taper fears
3rd Dec 2013 16:28
- FTSE 100 at lowest level since October 14th - US jobs report in focus as taper speculation picks up - UK construction activity at six-year high techMARK 2,640.56 -0.50% FTSE 100 6,532.43 -0.95% FTSE 250 15,153.14 -1.18% The FTSE 100 finished around one per cent lower on Tuesday and at a seven-we
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