London close: Greece rumours spark late sell-off
12th Jun 2013 17:02
Equities dropped into the red for a third consecutive day on Wednesday with renewed political tension in Greece sparked another bout of market volatility. The FTSE 100 finished down 41 points at 6,299, the first time that it has closed below the 6,300 mark since April 22nd. London's benchmark inde
Read moreFTSE 100 movers: Severn Trent and Vodafone drop sharply
12th Jun 2013 15:05
Water group Severn Trent dropped sharply on Wednesday after the consortium of foreign investors that had bid for the company withdrew its offer last night. LongRiver, after having had its earlier proposals rejected by Severn Trent, said that it would not put forward a further offer "in the absence o
Read moreLondon midday: Stocks higher as UK unemployment falls, M&A activity in focus
12th Jun 2013 12:04
M&A activity was the theme of the day in London on Wednesday as heavyweight stocks British Sky Broadcasting, Severn Trent and Vodafone grabbed the headlines. Nevertheless, after a choppy start, the FTSE 100 managed to register moderate gains by lunchtime. Helping sentiment this morning was UK unemp
Read moreSevern Trent slumps as foreign bidders walk away
12th Jun 2013 09:31
The short back-and-forth battle between Severn Trent and LongRiver Partners has come to an abrupt end, with the consortium announcing the withdrawal of its bidding interest for the water group late on Tuesday night. The result was a sharp drop in Severn Trent's share price on Wednesday morning, dow
Read moreLondon open: Stocks flat on fragile market sentiment
12th Jun 2013 09:01
The FTSE 100 was swinging between gains and losses in early trading on Wednesday as traders remained nervous amid the ongoing market volatility that has been seen over the last few weeks. "Persisting fears about impending Federal Reserve tapering of asset purchases together with the Bank of Japan's
Read moreWednesday tips round-up: Workspace, Severn Trent, Oxford Instruments
12th Jun 2013 07:12
Workspace Group operates in a very promising - and profitable - niche of the London property market; renting space to fast-growing smaller businesses and entrepreneurs in the capital, most of them in areas such as technology, media and telecoms. More specifically, occupancy levels at the end of the
Read moreLondon close: Stocks finish lower after choppy session
10th Jun 2013 16:57
Monday saw another choppy session on financial markets in the midst of mixed economic data from Asia, though stocks finished firmly off their lows after S&P raised its outlook for the US. Wall Street benchmark opened in positive territory after the opening bell as ratings agency S&P upped its view
Read moreFTSE 100 movers: Severn Trent sinks as takeover is put on the line
10th Jun 2013 14:16
Water group Severn Trent was a heavy faller on the FTSE 100 on Monday after rejecting the latest takeover proposal from international consortium LongRiver Partners at 2,200p per share. A spokesman from the consortium responded by saying that it would not make a further proposal for Severn Trent if t
Read moreLondon midday: Losses pared as traders digest Asian data
10th Jun 2013 11:38
Sharp falls across the mining sector pushed the FTSE 100 into negative territory on Monday morning as economic figures from China disappointed, though markets rebounded slightly as growth in Japan was revised higher. A slowdown in Chinese inflation, bank lending, money supply growth and industrial
Read moreLondon open: Gloomy Chinese data weighs on markets early on
10th Jun 2013 08:17
Stocks pulled back on Monday morning on the back of a series of gloomy figures from economic powerhouse China, with Severn Trent leading the FTSE 100 lower as its potential takeover is put at risk. Markets across Europe and in the US finished firmly higher on Friday after a worse-than-expected read
Read moreTakeover deal at risk after Severn Trent rebuffs latest offer - UPDATE
10th Jun 2013 07:34
Severn Trent has rejected the latest takeover proposal from international consortium LongRiver Partners at 2,200p per share, a move which has put a potential takeover of the water group at risk. The UK firm argues that Friday's sweetened offer - which represents a 20.5% premium to its share price t
Read moreLondon pre-open: Weak start expected as markets digest gloomy Chinese data
10th Jun 2013 07:25
A series of worse-than-expected economic indicators from China is expected to dampen markets on Monday morning, as stocks pull back from decent gains made before the weekend. City sources predict the FTSE 100 will open down eight points from yesterday's close of 6,412. Markets across Europe and in
Read moreMonday newspaper round-up: Severn Trent, Japanese growth, BAE...
10th Jun 2013 06:29
The international consortium bidding for Severn Trent could walk away from the deal following a number of rejections by the utility group over recent weeks, The Times says, citing sources close to the matter. "If the Severn Trent board does not engage, no further proposals will be made," sources tol
Read moreSunday newspaper round-up: ARM Holdings, Lloyds, Bonds
9th Jun 2013 19:00
The main threat to ARM Holdings may turn out to be 'home-grown.' Imagination Technologies, the British designer of graphics and video microchips for gadgets such as the iPhone is gearing up for a foray into ARM´s main market, making the processors that go into smartphones and other devices. Hence th
Read moreLondon close: Markets surge as US data eases 'tapering' fears
7th Jun 2013 17:23
An in-line increase in US non-farm payrolls sparked an impressive surge on equity markets worldwide on Friday afternoon, as worries about the Federal Reserve scaling back its stimulus measures eased, for now at least. London's FTSE 100 finished up 76 points on the day (+1.2%) at 6,412. Nevertheless
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