FTSE 100 movers: StanChart lifted by private equity sale rumours
2nd Jul 2014 15:32
Standard Chartered jumped on reports the group is intending to dispose of $500m-worth of private equity investments. Quoting two people "with knowledge of the situation", Bloomberg said the lender is expected to sell minority holdings in companies across a number of countries. The speculation come
Read moreFTSE 100 movers: TUI Travel leads the risers after merger deal
27th Jun 2014 16:12
TUI Travel shares jumped after it announced that it had agreed the terms of a merger between itself and parent company TUI AG, a move that will create the world's "number one integrated leisure tourism business". Under the terms of the agreement, TUI Travel investors would receive 0.399 new TUI AG s
Read moreLondon close: Marginally positive finish for FTSE, led by LSE
26th Jun 2014 16:59
- FTSE closes up 1.5 points at 6,735.12 - LSE, housebuilders lead - Barclays, StanChart slide - US jobless figure in line techMARK 2,802.12 +0.47% FTSE 100 6,735.12 +0.02% FTSE 250 15,646.83 +1.25% It proved to be a turbulent session for London-listed stocks, with the top tier index ultimately clo
Read moreFTSE 100 movers: LSE and housebuilders lead as Barclays slumps
26th Jun 2014 15:53
LSE is spending $2.7bn in cash on buying Frank Russell Company in a deal that will combine the group's Russell and FTSE index businesses. Investors seemingly gave a thumbs up to the acquisition with shares rising strongly despite the announcement that it will be part-financed by a $1.6bn rights issu
Read moreSector movers: Barclays lawsuit and StanChart update sink banking stocks
26th Jun 2014 15:14
Claims of fraud and a disappointing trading update pushed UK banking stocks firmly lower on Thursday. Shares in Barclays plunged after a lawsuit was filed by the New York State Attorney General against the group's "dark pool" trading division. The complaint was made specifically in relation to it
Read moreLondon midday: Markets erase gains as Barclays and StanChart slump
26th Jun 2014 12:12
- LSE jumps after $2.7bn purchase of Frank Russell - Housebuilders jump as Carney announces "soft" measures to cool housing - Barclays facing allegations of fraud - StanChart reports "disappointing first half" techMARK 2,800.86 +0.42% FTSE 100 6,733.63 0.00% FTSE 250 15,595.09 +0.91% UK markets we
Read moreStandard Chartered profits fall 20% in "disappointing" first half
26th Jun 2014 09:17
Standard Chartered boss Peter Sands has admitted that the emerging markets-focused bank experienced a "disappointing first half" with revenues and profits both lower than last year's. He said that the company faced difficult trading conditions across the global financial markets during the first si
Read moreLondon close: FTSE above 6,800, lifted by Fed, Rolls-Royce, housing stocks
19th Jun 2014 16:59
- FTSE closes up 29.55 points at 6,808.11 - Fed in focus - Shire, housing stocks lead techMARK 2,814.08 +0.33% FTSE 100 6,808.11 +0.44% FTSE 250 15,683.88 +0.38% Despite a drop in the final minutes of trade, the top tier index ended today's session above the 6,800 level, having been fairly steady
Read moreFTSE 100 movers: Rolls-Royce soars on £1bn buyback proposal
19th Jun 2014 15:17
Jet engine maker Rolls-Royce took off after pledging to buy back £1bn of shares if it succeeds in selling its energy gas turbine and compressor business to Germany's Siemens. The company also outlined plans to reduce capital spending in the next five years. Housing stocks were also rebounding after
Read moreThursday broker round-up UPDATE
19th Jun 2014 08:56
BAE Systems: Westhouse Securities initiates with a target price of 360p and a sell recommendation. Berkeley Group: Deutsche Bank increases target price from 2587p to 2877p retaining a hold recommendation. Jefferies raises target price from 2477p to 2543p and keeps a hold recommendation. BG Group:
Read moreFriday broker round-up UPDATE
13th Jun 2014 09:23
African Minerals: Deutsche Bank reduces target price from 316p to 249p maintaining a buy recommendation. Atkins: Numis ups target price from 1650p to 1700p and keeps a buy recommendation. JP Morgan reduces target price from 1619p to 1548p and reiterates its overweight rating. Ferrexpo: Deutsche Ba
Read moreUK Mail Chief celebrates results with share purchase
23rd May 2014 16:01
The Chief Executive Officer of UK Mail this week celebrated a strong set of results by the mail and parcel courier with the purchase of 75,000 pounds-worth of shares. Guy Buswell bought 12,195 shares at 615p each, taking his stake in the group to 267,807. UK Mail's parcel business, which makes u
Read moreTuesday newspaper round-up: Households, Prices, AstraZeneca
20th May 2014 07:09
British households are willing to splash out a little bit extra on luxuries as confidence in people's finances and the state of the economy continues to rise. Consumer confidence is at its highest level since Lloyds started charting it in its Spending Power Report in November 2010. Confidence in Apr
Read moreLondon open: AstraZeneca leads markets lower as shares sink
19th May 2014 08:33
- AstraZeneca drops sharply after rejecting Pfizer offer - Banking, mining stocks fall - China property concerns weigh on sentiment techMARK 2,714.40 -1.13% FTSE 100 6,823.23 -0.48% FTSE 250 15,475.65 +0.50% UK stocks fell on Monday morning with AstraZeneca leading the decline after rejecting a fi
Read moreWife of Beazley CEO sells 200,000 shares
15th May 2014 15:57
The wife of David Horton, the Chief Executive Officer of Beazley, has sold 200,000 shares in the global specialist risk insurance and reinsurance business, thereby reducing his interest to 1.58m shares. Sophie Horton sold the shares at 244.50p a piece, giving the deal a trade value of £489,000.
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