London open: Deals keep blue chips ahead
17th Jan 2011 08:37
London has opened moderately firmer, with potential M&A deals outweighing a weak start for the miners. BP has opened higher after the oil giant announced a controversial landmark deal with Rosneft, the Russian state oil company. As well as confirming the tie-up with Rosneft, BP said it has been aw
Read moreSunday newspaper round-up: BP, Smith & Nephew, Interest rates...
16th Jan 2011 10:58
Russia's Prime Minister, Vladimir Putin, has promised to give BP "the most favourable tax treatment" in the Arctic as its £10bn deal with the Kremlin was greeted with cautious optimism by investors yesterday. Late on Friday night, BP agreed to issue £5bn of shares to Russian state-backed oil compa
Read moreLondon close: Late recovery not enough
14th Jan 2011 16:39
Shares came off their lows ahead of the close, helped by an improvement on Wall Street, but still finished in the red, with miners among the fallers. The sector was hurt by speculation that commodity hungry China may raise interest rates to cool inflation. The economic powerhouse has lifted reserve
Read moreLondon afternoon: Deficit narrows
14th Jan 2011 15:15
A recovery on Wall Street has helped London narrow losses, although the leading index is in danger of ending the week below 6,000. Miners are still lower amid speculation that commodity hungry China may raise interest rates to cool inflation. The economic powerhouse has lifted reserve requirements
Read moreLondon midday: Mining retreat drags FTSE 100 lower
14th Jan 2011 12:11
FTSE 100 is now firmly in the red as miners retreat amid speculation that commodity hungry China may raise interest rates to cool inflation. The east Asian economic powerhouse has lifted reserve requirements on banks, underlining its determination to deal with inflation. Meanwhile, an increase in
Read moreSmith & Nephew denies merger talks
14th Jan 2011 11:33
Shares in Smith & Nephew quickly gave up earlier gains after the medical devices group denied reports that it is in any talks that could lead to a merger or takeover. A report in the Daily Telegraph said that it was set to enter talks with the private equity backed US orthopaedics group Biomet abou
Read moreLondon open: Intel results give ARM a leg-up
14th Jan 2011 08:37
Leading shares are mixed at the outset leaving the blue-chip index barely changed. Sparkling results after the bell in New York yesterday from chip-maker Intel has whetted appetite for chip designer ARM Holdings. The stock smashes its way to another 52-week high and is up 40% over the last month.
Read moreFriday newspaper round-up: Smith & Nephew in Biomet talks, Goldman Sachs...
14th Jan 2011 06:38
US orthopaedics giant Biomet is set to begin informal talks with Smith & Nephew (S&N) about a potential £15bn merger. A merger of the private equity-backed company and S&N, which advisers have been working on, would scupper the ambitions of Johnson & Johnson (J&J) which has been stalking the UK gro
Read moreTechMARK movers: CSR boosted by legal deal
11th Jan 2011 16:16
Bluetooth chip developer CSR is heading the TechMARK risers after it settled a patent infringement case with rival Broadcom. The shares rose strongly even though CSR has to pay $67.5m. CSR will pay an initial sum of $5m plus $12.5m for the next five years. Legal costs of $10m a year will be saved
Read moreTuesday tips round-up: Smith & Nephew, Persimmon, Ocado...
11th Jan 2011 06:39
Rather than Johnson & Johnson, the most attractive option for Smith & Nephew investors could be a straight take-out by the likes of the American pharmaceutical giant Merck at whatever price the board could wrest from a bidder. Speculative investors such as hedge funds, who would push for a deal, a
Read moreLondon close: Miners hold back FTSE 100
10th Jan 2011 17:01
The top share index was firmly in negative territory at the close of trading, despite M&A excitement concerning Smith & Nephew The joint replacement specialist jumped more than 10% following reports it turned down a bid approach from US rival Johnson & Johnson just before Christmas. Sticking with
Read moreSector movers: Smith & Nephew boosts healthcare higher
10th Jan 2011 16:05
Shares in artificial joint specialist Smith & Nephew have pressured the healthcare equipment and services sector higher after widespread reports that it rejected a bid approach from giant US rival Johnson & Johnson just before Christmas. J&J is said to have offered about 750p per share, valuing th
Read moreLondon afternoon: Miners a drag
10th Jan 2011 14:20
Footsie moved sideways over the lunch time trading session. Mining stocks continue to weigh the blue-chip index down, but oil stocks provide some cheer. A decline in copper imports into commodity-hungry China sent prices for the red metal lower. Kazakhmys, which transports copper from its Kazakhsta
Read moreLondon midday: FTSE 100 stuck lower
10th Jan 2011 12:11
Shares remain rooted in negative territory in spite of a big jump from artificial joint specialist Smith & Nephew following reports of an offer from Johnson & Johnson. Miners are holding back the top share index. A decline in copper imports into commodity-hungry China sent prices for the red metal
Read moreSmith & Nephew in J&J sights
10th Jan 2011 07:24
Shares in artificial joint specialist Smith & Nephew soared more than 10% after widespread reports that it rejected a bid approach from giant US rival Johnson & Johnson just before Christmas. J&J is said to have offered about 750p per share, valuing the knee joint maker at almost £6.7bn. The shares
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