London midday: UK stocks rise but gains limited by Kingfisher, resource stocks
25th Nov 2014 11:31
UK stocks edged higher on Tuesday, though gains were being limited by falls in the heavyweight resources sector and a drop in the share price of DIY retailer Kingfisher. The FTSE 100 trading 0.1% higher at 6,737 by midday, though was underperforming stocks across Europe with the STOXX Europe 600 ind
Read moreLondon open: Oil and mining stocks limit gains on FTSE
25th Nov 2014 08:22
Falling oil and mining stocks and a poorly-received update from Kingfisher were limiting gains on the FTSE 100 on Tuesday morning, as investors awaited a wave of global economic data. London's benchmark index was trading just 0.1% higher at 6,737 within the opening hour. The Footsie had dropped 0.3
Read moreLondon pre-open: Little change expected on FTSE
25th Nov 2014 07:26
UK stocks are set for only modest gains early on, with City sources predicting the FTSE 100 will open around three points higher than yesterday's close of 6,729.79. "A cautious yet positive start to the day is expected for the European markets today, following the establishment of record highs in th
Read moreSevern Trent profits in line as Ofwat negotiations persist
25th Nov 2014 07:07
First half results from Severn Trent were broadly in line with expectations, though negotiations with regulator Ofwat about the upcoming price review will mean bringing forward extra capital expenditure into the second half. Turnover rose 2.7% to £947.6m, with underlying group profit before interest
Read moreTuesday broker round-up
18th Nov 2014 09:42
Aggreko: HSBC raises target price from 1550p to 1650p and maintains a neutral rating. Al Noor Hospitals: Citi initiates with a target price of 1240p and a buy recommendation. Barclays: Credit Suisse ups target price from 230p to 250p and keeps a neutral rating. Bodycote: JP Morgan cuts target pric
Read moreFriday broker round-up UPDATE
31st Oct 2014 09:36
Afren: Deutsche Bank lowers target price from 110p to 105p, leaving its hold recommendation unaltered. Aviva: Barclays ups target price from 397p to 420p and reiterates its equal-weight rating. Barclays: Deutsche Bank lowers target price from 300p to 295p and leaves its buy recommendation. Country
Read moreLondon midday: Oil stocks lead UK markets lower
20th Oct 2014 11:49
Anyone hoping for a positive start to the week on the stock market following the recent volatility would have been disappointed on Monday as UK equities suffered more steep falls. London's FTSE 100 was trading 0.8% lower at 6,259 by midday with energy stocks leading the fallers as oil prices weakene
Read moreLondon open: UK stocks decline as volatility continues
20th Oct 2014 08:20
UK stocks declined on Monday morning on a quiet day for economic data, with investors still showing caution following a volatile week for markets last week. The FTSE 100 was trading 0.4% lower at 6,283 in early deals. Despite a partial recovery on Friday, European equity markets registered their fo
Read moreLondon pre-open: Volatile trading expected to continue ahead of Chinese GDP
20th Oct 2014 07:16
UK stocks are expected to get Monday's session off to a positive start following a rally in the US on Friday, but analysts have warned last week's volatility may well run into this one. City sources predict the FTSE 100 will open around 24 points higher than Friday's close of 6,310.29. "It looks li
Read moreShire's interim CFO moves to Severn Trent as water group shakes up board
20th Oct 2014 07:11
James Bowling, the interim chief financial officer (CFO) of pharmaceutical group Shire, is to leave the company for water provider Severn Trent. Bowling will replace Severn Trent's current CFO Mike McKeon, who gave his notice to the board on Monday that he wants to retire in spring 2015. Shire's ch
Read moreTuesday broker round-up UPDATE
14th Oct 2014 09:17
Anglo Pacific: FinnCap upgrades to buy with a target price of 158p. Peel Hunt shifts target price from 196p to 198p retaining its buy recommendation. Ashmore: Canaccord Genuity upgrades from sell to hold with a target price of 300p. Numis cuts target price from 369p to 355p retaining an add rating.
Read more500 people face redundancy at Severn Trent
10th Oct 2014 14:03
Some 500 people could lose their jobs as water and sewerage company Severn Trent has decided to merge its divisions. Currently the water firm employs 6,000 people but these roles will double up in the merger, resulting in "a potential impact of around 500 fewer management/support roles within our UK
Read moreWater bills to fall 5% thanks to Ofwat price review
29th Aug 2014 09:20
Customers in England and Wales can expect their water bills to drop about 5% between 2015 and 2020 in real terms as part of Ofwat's price review. The news was announced on Friday as part of the draft determinations published by the water regulator in response to the latest business plans submitted
Read moreLondon open: Stocks flat on rate speculation ahead of Inflation Report
13th Aug 2014 09:04
- Inflation Report, rate speculation keeps markets cautious - Ukraine crisis in focus as Russian convoy heads to border - Chinese data disappoints, Japanese GDP sinks - Ex-dividend stocks fall techMARK 2,725.51 -0.10% FTSE 100 6,630.77 -0.02% FTSE 250 15,403.28 -0.40% Weak economic data from Asia,
Read moreFTSE 100 movers: Pharma stocks drop as regulation looks to derail M&A
6th Aug 2014 14:26
Shire, the pharmaceutical group which has agreed to a £32bn takeover by Abbvie, saw its shares decline sharply on Wednesday on concerns that stricter rules on so-called 'tax inversion' in the States could scupper the deal. Sector peer Astrazeneca, which had recently been the target of a failed £69b
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