London 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
Read moreSector movers: Healthcare stocks gain, Smith & Nephew hits record high
3rd Dec 2013 15:14
A reduction in risk appetite across financial markets on Tuesday helped stocks in defensive sectors such as healthcare with heavyweight constituent Smith & Nephew lifted higher after a broker upgrade. Sectors such as mining, oil and banking were being sold off today with "risk assets [being] dumped
Read moreFTSE 100 movers: Next climbs on BRC comments and broker rating
3rd Dec 2013 14:14
Next was leading the risers today, buoyed by a report from the British Retail Consortium, which said despite overall poor sales clothing retailers had performed well in November, as well as Oriel Securities, which upped its rating on the stock to 'buy' from 'hold'. It said of the group: "The Directo
Read moreLondon midday: Miners, financials drag markets lower despite strong UK data
3rd Dec 2013 11:21
- Risk appetite fades as markets await jobs data - Mining, financial sectors sold off - UK construction PMI defies expectations, jumps to six-year high techMARK 2,645.44 -0.31% FTSE 100 6,539.87 -0.84% FTSE 250 15,211.51 -0.80% UK markets were firmly in negative territory on Tuesday morning despit
Read moreSmith & Nephew to acquire Brazilian distribution firm
26th Nov 2013 14:20
Smith & Nephew, the global medical technology business, on Tuesday announced that it has agreed to acquire Brazilian firm Politec Saúde for the distribution of its Advanced Wound Management products. Earlier this year, the company announced its intention to acquire its Advanced Surgical Devices di
Read moreSmith & Nephew names new Chairman as quarterly profits fall
31st Oct 2013 12:32
- Q3 pre-tax profits fall - But underlying trading profits up 10 per cent - Roberto Quarta named as new Chairman Smith & Nephew revealed it had chosen Roberto Quarta as its new Chairman as it reported a drop in quarterly profits. Quarta, who is also chairman of fellow FTSE 100 group IMI, will join
Read moreFTSE 100 movers: Vedanta hit by downgrade
9th Oct 2013 15:01
Vedanta Resources delivered record oil and gas production and a rise in the output of refined zinc, lead and silver in the second quarter. However, the stock was among the worst performers today after reportedly being downgraded by Morgan Stanley to 'underweight'. ARM Holdings also took a hit, trac
Read moreLondon midday: Markets pause at three-month low as UK data disappoints
9th Oct 2013 11:19
Disappointing UK production figures and the ongoing political deadlock in the US weighed on market sentiment on Wednesday morning, with the FTSE 100 subdued after hitting a three-month low the day before. London's benchmark FTSE 100 index was trading broadly flat by midday, erasing earlier losses,
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