Sunday newspaper round-up: Vodafone, Serco, Glencore
8th Sep 2013 20:09
Vodafone is considering a £6bn takeover of Africa's Maroc Telecom after agreeing to sell its stake in Verizon Wireless, the Mail on Sunday reported. The phone company is also mulling a move for France's SFR using the war chest it will have after returning cash from the Verizon deal to shareholders.
Read moreLondon midday: Markets cautious ahead of risk events, Syria action
4th Sep 2013 11:26
Traders adopted a cautious approach on Wednesday morning with UK stocks registering losses in morning trade ahead of a number of 'risk events' later in the week which have the potential to spark market volatility. Fears about impending US military action in Syria also hit investor sentiment today a
Read moreLondon open: Potential strike on Syria worries investors early on
4th Sep 2013 08:32
Stocks declined on Wednesday morning on concerns over an imminent Western military intervention in Syria, with investors also choosing to scale back positions ahead of a number of 'risk events' later on in the week. The Senate Foreign Relations Committee last night gave the green light on a US atta
Read moreFTSE 100 movers: Mining companies gain on rise in commodities
2nd Sep 2013 14:45
Mining company stocks, including Rio Tinto and Anglo American, surged as commodity prices rose and as reports showed manufacturing expanded in China, the Eurozone and the UK. Aberdeen Asset Management rallied after Numis Securities reiterated a 'buy' rating for the company's stock. WPP continued t
Read moreMonday broker round-up UPDATE
2nd Sep 2013 08:57
Berkeley Group: Panmure Gordon raises target price from 2046p to 2150p and reiterates a hold recommendation. Betfair: Panmure Gordon increases target price from 1000p to 1317p and maintains a buy recommendation. BHP Billiton: WH Ireland downgrades to neutral. British Land: Exane ups target price
Read moreLondon close: Markets extend losses after poor US data
30th Aug 2013 16:45
Moderate losses in early trading on Friday turned into a steep sell-off by the close as markets ended August in a cautious mood following a choppy week. A series of closely-watched economic indicators from the States prompted a negative reaction this afternoon, causing a weak start on Wall Street a
Read moreXaar CEO slashes stake after share-price surge
30th Aug 2013 16:00
The long-running frontman of injet printing technology firm Xaar sold 150,000 shares in the company on the same day it reported an impressive set of first-half results with the stock trading close to an all-time high. Ian Dinwoodie, who has been Chief Executive Officer for over a decade, disposed o
Read moreFTSE 100 movers: G4S continues impressive rebound
30th Aug 2013 14:24
Security solutions group G4S was extending gains made earlier this week when it announced plans to sell assets to reduce its debt pile and issue new shares to help strengthen its balance sheet. G4S has gained by nearly 15 per cent over the last month alone and has now erased all of the losses experi
Read moreLondon midday: Stocks fall as investors await developments in Syria
30th Aug 2013 11:41
Markets were showing moderate losses on Friday morning, pulling back after yesterday's strong gains as concerns about a potential Western military strike in Syria eased slightly. Worries about an imminent intervention in Syria receded yesterday after UK Prime Minister David Cameron lost an initial
Read moreLondon open: Stocks edge lower, Syria and Fed taper in focus
30th Aug 2013 08:33
The FTSE 100 opened slightly lower on Friday morning after yesterday's strong gains as investors continue to await further developments in Syria and speculate about the future of US stimulus. Cautiousness ahead of a three-day weekend in the States could also be having an effect on risk appetite thi
Read moreLondon close: Stocks jump on US data as Syria concerns recede
29th Aug 2013 17:03
Markets finished strongly on Thursday, rebounding after recent falls as concerns over an impending Western intervention in Syria eased slightly and US growth estimates were revised higher. One of London's largest constituents, Vodafone, was providing a lift on the FTSE 100 today on hopes that it ca
Read moreFTSE 100 movers: Vodafone, Melrose Industries, WPP
29th Aug 2013 14:08
Vodafone Group was the top riser on the FTSE 100 after confirming it was in talks with Verizon Communications to sell its stake in their Verizon Wireless venture. Melrose Industries surged after the engineering turnaround specialist revealed revenue more than doubled in the first half, boosted by i
Read moreBroker tips: Serco, Travis Perkins, Pearson
29th Aug 2013 11:42
Investec admits that Serco reported a decent set of interim results on Thursday, but chose to stay on the cautious side and maintained its 'sell' recommendation ahead of a tough second half for the outsourcing company. Analyst Gideon Adler said: "We continue to view Serco as a business well diversi
Read moreLondon midday: Stocks rise, Vodafone surges on Verizon talks
29th Aug 2013 11:41
The FTSE 100 was registering decent gains on Thursday morning as markets rebounded from recent falls, helped by M&A activity surrounding one of the index's largest constituents, Vodafone, as well as some well-received results from blue chips Melrose and WPP. Markets have been hit this week by conce
Read moreBroker snap: Serco rated 'sell' as Investec sees better value elsewhere
29th Aug 2013 11:21
Investec admits that Serco reported a decent set of interim results on Thursday, but chose to stay on the cautious side and maintained its 'sell' recommendation ahead of a tough second half for the outsourcing company. Shares in the FTSE 100 firm were down a whopping 13.35% at 525.55p by mid-mornin
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