Sector movers: Utilities downgraded, banks hit by FSB capital rules
9th Nov 2015 16:05
(ShareCast News) - The utilities sector was the worst performer on Monday, with banks starting well but losing ground and fund managers well bought. Banks got off to a good start early in the session, with Barclays, RBS, HSBC and Standard Chartered all powering higher as, following last week's robus
Read moreFTSE 100 movers: Financial companies' rises offset IHG and utility falls
9th Nov 2015 14:10
(ShareCast News) - The FTSE 100 started the day on a high but slowly started to sink into the red, with the market down 4.22 (0.07%) by mid-afternoon to 6,349.61 despite a strong performance from financials. Aberdeen Asset Management, Standard Chartered, Barclays and HSBC were all boosted by the ri
Read moreUtilities shares fall on back of downgrades
9th Nov 2015 09:57
(ShareCast News) - Utility companies have taken a hit on the back of downgrades from a number of investment banks. Societe Generale cut its rating for United Utilities from 'buy' to 'hold' despite an expectation of reassuring first half results due out on 25 November. It said the recent strong shar
Read moreSunday share tips: Dairy Crest, Cluff Natural Resources, tightening cycle stocks
20th Sep 2015 15:08
(ShareCast News) - Dairy Crest shares are worth buying, said Danny Fortson in the Sunday Times' Inside the City column. Investors are currently awaiting a Competition & Markets Authority decision on 19 October whether to allow Dairy Crest to sell its dairy business, roughly two thirds of group sales
Read moreFTSE 100 movers: Anglo American leads miners higher, Burberry hit by weak Asian sales
15th Jul 2015 14:36
(ShareCast News) - London markets were subdued on Wednesday, as strong performances from telecommunications, insurance and property stocks were offset by weakness in the oil, engineering and software sectors. As of 14:30 BST, the FTSE 100 was trading flat at 6,762. On the corporate front, Anglo Ame
Read moreSevern Trent sees full-year in line with guidance; expects lower interest charge
15th Jul 2015 08:22
(ShareCast News) - Water company Severn Trent said there has been no material change to the business since it last reported on 22 May, but added that it expects its interest charge for the full year to be lower year-on-year. The company said wholesale total expenditure for the full year is expected
Read moreTuesday share tips: UK banks, Severn Trent
23rd Jun 2015 16:20
Banks may not be happy with the new 'ring-fencing' rules, but just a decade on from the financial crisis they need to learn live with them. Legislation passed in 2013 set out the need for lenders to separate their retail and small business operations by 2019. The aim was to avoid banks using retail
Read moreLondon close: Stocks end up 1.7% on Greek optimism, M&A provides a boost
22nd Jun 2015 16:28
UK stocks surged on Monday on hopes that Greece and its creditors would be able to reach a deal to secure the next tranche of bailout aid later this week. While there was no new cash-for-reforms agreement at meetings in Brussels, officials said a last-minute proposal by Athens was a good basis for f
Read moreFTSE 100 movers: Sky soars on takeover rumours, miners lower
22nd Jun 2015 13:31
London markets rebounded on Monday, buoyed by hopes of a short-term funding deal for Greece and strength in the construction, telecommunications and real estate sectors. As of 2:30 BST, the FTSE 100 was trading 1.39% higher at 6,804. Sky was in demand on rumours that the Murdoch family may be consi
Read moreLondon midday: M&A propels stocks as Greek hopes rise ahead of EU summit
22nd Jun 2015 11:31
Rising hopes over a short-term funding deal for Greece lifted UK stock markets on Monday, with M&A activity providing a further fillip to shares. The FTSE 100 was trading up 1.18% at 6,789.43 by midday, with blue chips Sky and Severn Trent rising strongly on speculation the companies could be bid ta
Read moreSevern Trent surges on Borealis bid reports
22nd Jun 2015 09:42
Shares in UK water company Severn Trent surged 5% on Monday following a report in the Sunday Times suggesting that Canadian infrastructure investor Borealis was once again considering a bid for the company. Two years ago, Borealis bid for the company as part of a consortium with Kuwait Investment Of
Read moreSunday newspaper round-up: Severn Trent, M&S, Greece
21st Jun 2015 14:11
Severn Trent is reportedly set to receive a second takeover bid from Borealis Infrastructure, two years after the Canadian investment company approached the water giant as part of a consortium. It is understood the £5bn offer has been discussed by the two groups in early stage talks that opened in M
Read moreLondon close: Late rally helps UK stocks bounce off five-month low as US markets jump
18th Jun 2015 17:01
After an earlier fall, UK stock markets rallied into the afternoon, snapping a four-day losing streak and bouncing off a five-month low as a strong start on Wall Street outweighed ongoing concerns about Greece. The FTSE 100, which dipped to a low of 6,625.16 in morning trade, finished 27.33 points h
Read moreLondon open: Stocks fall for fifth day ahead of Eurogroup meeting on Greece
18th Jun 2015 09:06
Decent gains in the mining sector weren't enough to lift UK stocks on Thursday morning, with markets extending a five-month low on concerns over Greece. The FTSE 100, which fell to its lowest since January on Wednesday, was down a further 0.11% at 6,672.96 early on, marking the fifth consecutive ses
Read moreSevern Trent and National Grid outperform during corrections
17th Jun 2015 13:42
Past performance is no guarantee of futures returns, but it may nevertheless pay to be aware of certain typical trading patterns, especially if you happen to own shares in Severn Trent or National Grid. Given the recent price action in financial markets - with the FTSE 100 down 6% from its peak and
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