Severn Trent shares fall on Morgan Stanley rating cut to 'underweight'
15th Apr 2015 11:59
Shares in UK water utility firm Severn Trent fell 1.6% on Wednesday after getting a cut to its rating to 'underweight' from 'equalweight' by Morgan Stanley on "valuation grounds". The bank said while the company's management was driving improved performance, this is already factored into the share p
Read moreAnglo CEO sells £0.4m of shares to cover tax payment
23rd Feb 2015 16:38
Anglo American's boss offloaded nearly £0.4m-worth of shares in the mining group on Monday, the company said. Some 67,475 shares in Anglo, representing part of a bonus award granted to Mark Cutifani upon his appointment to the board, vested last week. Cutifani, who has been chief executive since Ap
Read moreLondon close: FTSE closing in on record high as commodity stocks rally
13th Feb 2015 16:30
UK stocks jumped on Friday as rising commodity prices lifted shares in the oil and mining sectors, while hopes increased that Europe can come to an agreement over the future of Greece. The FTSE 100 rose 0.7% to 6,873.52 by the end of trade, its best finish since early September 2014. The index is no
Read moreFTSE 100 movers: Glaxosmithkline upgraded, miners and oil stocks higher
13th Feb 2015 14:29
Glaxosmithkline's shares were given a boost by UBS which upgraded its rating for the pharmaceutical stock by two notches from 'sell' to 'buy', saying that the business is now at an "inflection point" after a tough few years. The bank hiked its target price for the stock from 1,250p to 1,700p. The sh
Read moreLondon midday: Eurozone GDP data lifts markets as resource stocks rise
13th Feb 2015 11:37
Stronger-than-expected Eurozone growth figures and easing concerns about Ukraine and Greece gave stocks a boost in London on Friday, with resource shares leading the advance. The FTSE 100 was trading 0.6% higher at 6,869 by midday, as metal and oil stocks tracked commodity prices higher. Eurozone g
Read moreLondon open: German GDP gives sentiment a boost as UK stocks rise
13th Feb 2015 09:13
Strong gains in the mining and oil sectors pushed UK stocks higher on Friday, as investors showed optimism after much better-than-expected growth figures from Germany. London's FTSE 100 was up 0.75% at 6,879 early on, as resource shares tracked commodity prices higher. German gross domestic product
Read moreSevern Trent on track to hit full-year forecasts, but costs rise
13th Feb 2015 07:02
Water and sewerage services company Severn Trent said in a third-quarter update that it is on track to hit expectations this financial year, though inflation and taxes will lead to higher operating costs. In line with its previous guidance for its regulated business, the company said consumption acr
Read moreLondon pre-open: Stocks to rise as German growth accelerates
13th Feb 2015 06:55
Strong data from Germany is expected to give UK stocks a boost on Friday, while concerns about Greece and Ukraine continue to ease. City sources predict the FTSE 100 will open 28 points higher than Thursday's close of 6,828.11. German economic growth picked up to 0.7% in the fourth quarter of 2014
Read moreSunday share tips: Smith & Nephew, Severn Trent, Grainger
1st Feb 2015 13:01
Buy shares of Smith & Nephew, Danny Fortson advised in the Sunday Times. The Inside the City columnist said shares of the maker of artificial hips and knees had surged after US rival Stryker said it was considering a bid. Smith & Nephew releases annual results on February 5th and the numbers are lik
Read moreSevern Trent chairman increases stake after dividend cut
30th Jan 2015 16:12
Non-executive chairman in Severn Trent bought same shares showing confidence in the water company after it announced this week it would cut its dividend to shareholders in order to reduce household bills. Andrew Duff spent £99,109 buying 4,684 shares for an individual price of 2,115.9p. After the tr
Read moreLondon open: UK stocks rise ahead of FOMC meeting
28th Jan 2015 08:26
Strong results from US blue chips Apple and Yahoo after the closing bell on Wall Street led to a higher open in London on Wednesday, as investors took an optimistic approach ahead of the Federal Reserve meeting. The FTSE 100 was up 0.2% at 6,827 in early deals. US markets finished with sharp losses
Read moreSevern Trent reveals new dividend policy, cuts payout for next year
28th Jan 2015 07:07
In accepting the final determination from the water industry regulator, Severn Trent has cut its dividend for next financial year but plans a £100m share buy-back programme to reduce its gearing ratio. For the 2015/16 financial year, the company's board has agreed to set its dividend at 80.66p, whic
Read moreLondon pre-open: Strong start expected after Apple and Yahoo impress
28th Jan 2015 07:01
A strong showing by US tech giant Apple and internet titan Yahoo after the closing bell on Wall Street is expected to filter into a positive open in London on Wednesday. City sources expect the FTSE 100 to open 50 points higher than Tuesday's close of 6,811.61. Apple's shares jumped after the close
Read moreLondon close: FTSE sinks 2.5%, extends weekly decline to 6.6%
12th Dec 2014 16:38
UK stocks plummeted to levels not seen in nearly two months on Friday as weak global economic data and an ongoing sell-off of crude oil hammered market sentiment. The FTSE 100 settled at just 6,300.63 by the end of trade, down an eye-watering 2.5% on the day, with just four constituents on the index
Read moreFTSE 100 movers: Oil stocks track oil price lower
12th Dec 2014 15:15
Petrofac, Tullow Oil, BP, Shell and a host of stocks exposed to the oil price were suffering heavy losses on Friday. Oil and gas engineer Weir, however, was bouncing back after recent declines following an upgrade by Canaccord Genuity from 'hold' to 'buy'. The broker said the stock's valuation now l
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