UK Govt Mulls Sale Of 49% Stake In Air Traffic Controller NATS
22nd Jun 2010 13:37
LONDON (Dow Jones)--The U.K. government is considering selling its stake in air traffic controller NATS, Chancellor of the Exchequer George Osborne said Tuesday. The announcement that it may sell its 49% interest was made during the first Budget since the coalition government took office in May.
Read moreMARKET TALK: Morgan Stanley Ups Thomas Cook To Equalweight
21st Jun 2010 07:56
0656 GMT [Dow Jones] Morgan Stanley upgrades Thomas Cook Group (TCG.LN) to equalweight from underweight but retains a 230p target. Whilst uncertainties over current trading against the backdrop of largely fixed summer capacity remain, the company can reach the brokerage's forecasts this year says Mo
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
21st Jun 2010 07:56
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0656 GMT [Dow Jones] Morgan Stanley upgrades Thomas Cook Group (TCG.LN) to equalweight from underweight but retains a 230p ta
Read moreThomas Cook Plans Acquisitions In Germany, Russia, China
17th Jun 2010 08:05
FRANKFURT (Dow Jones)--Thomas Cook Group PLC (TCG.LN) plans to expand in the coming years by making acquisitions in Germany, Russia and China, Chief Executive Officer Manny Fontenla-Novoa told journalists late Wednesday. Fontenla-Novoa said the purchase of a Russia tourism company is likely to b
Read moreEssar and Barrick go straight into Footsie
9th Jun 2010 18:00
Two of this year's new issues have gone straight into the FTSE 100 index. Essar Energy and African Barrick Gold are the only two new inclusions in the the latest FTSE quarterly changes will further increase the non-UK proportion of the Footsie. The two resources businesses replaced London Stock Ex
Read moreFTSE Review: Essar Energy, African Barrick To Join FTSE100
9th Jun 2010 17:42
LONDON (Dow Jones)--FTSE Group said Wednesday African Barrick Gold PLC (ABG.LN) and Essar Energy PLC (ESSR.LN) are to join the FTSE 100, and Thomas Cook Group (TCG.LN) and London Stock Exchange Group (LSE.LN) will leave the index and join the FTSE 250 Index. MAIN FACTS: -The changes are part
Read moreMARKET TALK: Essar Energy, African Barrick To Join FTSE 100
9th Jun 2010 08:26
0726 GMT [Dow Jones] Essar Energy (ESSR.LN) and African Barrick Gold (ABG.LN) are likely to be promoted to the FTSE 100, when the results of the June quarterly review are announced after Wednesday's market close, says Vijay Sumon, quantitative analyst at HSBC. The stocks, now ranked 46 and 85 respec
Read moreTullett execs top up holdings
24th May 2010 16:42
Tullett Prebon boss Terry Smith and finance director Paul Mainwaring have increased their stakes in the interdealer broker following the breakdown of bid talks. Chief executive Smith invested more than £1.2m. He bought 400,000 shares at 300.5p each. That takes his stake to 4.48%. Mainwaring inve
Read moreDavis Service non-exec takes more shares
19th May 2010 16:32
Per Utnegaard, a non-executive director at the laundry and workwear group Davis Service spent nearly £200,000 lifting his stake in the company. He bought 50,000 shares at 399.64p a time and now has 150,000. His bought his first 100,000 shares just before Christmas, paying 394.8p a time. In a trad
Read moreFTSE 100 movers: Negative reaction to Man deal
17th May 2010 14:42
Footsie is having a positive day but hedge fund group Man is the main focus. The $1.6bn purchase of GLG Partners has knocked the Man share price making it the biggest faller on the index. The purchase price is equivalent to 6.75% of funds under management. This is thought by many to be a high pric
Read moreFriday tips round-up: Old Mutual, Thomas Cook, Trinity Mirror
14th May 2010 07:00
Old Mutual's shares have bounced strongly since 2009's lows, up 87% on the year. They now also come with a dividend ? the company resumed payouts in March after skipping two in a row ? which provides a 4.1% yield. However, at 121p, or ten times 2010 earnings, the greater appeal lies in progress on
Read moreLondon close: Blue chips make healthy gains
13th May 2010 16:33
London's top stocks rallied near the close to finish well up on the day as traders speculated on possible measures to cut the UK's debt burden. A VAT rise to 20% is a likely measure according to a group of economists questioned by the BBC. Justin King, chief executive of supermarket Sainsbury's,
Read moreLondon afternoon: Footsie still in the blue
13th May 2010 15:06
London's top stocks are easing down towards the close after a flat start on Wall Street and some calming down of the excitement over the plans of the new Conservative-Liberal government. The focus now is on just how they new government intends to get the UK's debt levels down, with a VAT rise to 20
Read moreLondon midday: BT leads market higher
13th May 2010 12:07
London's top stocks are making good gains helped by BT's full-year numbers and a decent showing from the miners. BT is the strongest riser on news that telecoms giant returned to the black in the last quarter and the full year and reported a 6% rise in the dividend. Pre-tax profit hit £1.01bn in th
Read moreLondon open: FTSE posts early gains
13th May 2010 08:20
London's top stocks are on the rise in early dealings on Thursday, tracking triple-digit gains on Wall Street last night and a rally in Asia. Global markets appear more optimistic about Europe's ability to sort out the region's debt problems and the receding threat of a crisis spreading to the glo
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