London midday: Stocks slide as Greece shuts banks, calls referendum
29th Jun 2015 11:33
UK stocks slid sharply on Monday after Greece shut its banks and called a public vote to decide the fate of its future within the Eurozone. With just three stocks on the FTSE 100 in positive territory, the UK index was down 1.63% at 6,643.30 by midday. The index had dropped to a low of 6,598.64 earl
Read moreLondon open: Greek chaos sparks market sell-off; airline stocks drop
29th Jun 2015 09:17
The UK stock market and indices across Europe suffered a steep sell-off on Monday morning after Greece imposed capital controls and called for a referendum on bailout terms, pushing the country nearer to an exit from the Eurozone. Prime Minister Alexis Tsipras announced on Saturday that the governme
Read moreThomas Cook repays €400m bond
23rd Jun 2015 07:59
Travel operator Thomas Cook has repaid its €400m bond, the company said on Monday. The aggregate principal amount of the 6.75% notes redeemed was €284.5m and follows the purchase earlier this year of €115.4m aggregate principal amount of the notes via a tender offer, the FTSE 250 group said. The gr
Read moreFTSE 250 movers: National Express higher on German hopes, Crest Nicholson hit by downgarde
16th Jun 2015 13:00
Mid-caps fared better than the blue chips on Tuesday, as losses from the industrial metals, telecommunications and oil sectors were offset by strong performances from pharmaceutical, property and utility stocks. As of 15:00 BST, the FTSE 250 was trading flat at 17,726. National Express gained, afte
Read moreLondon close: FTSE 100 drops to three-month low after Greek talks collapse
15th Jun 2015 16:28
UK stocks dropped over one per cent to a three-month low on Monday as concerns about a potential Greek exit from the Eurozone hammered market sentiment. The FTSE 100 fell 1.1% to 6,710.52, with heavyweights Easyjet and Standard Chartered among the worst performers by the end of trade. Just four stoc
Read moreFTSE 250 movers: Aveva higher on bid speculation, Tullet Prebon hit by downgrade
15th Jun 2015 13:30
Mid-caps were firmly in the red on Monday afternoon, with every sector registering losses, as debt talks between Greece and its creditors came to an abrupt finish. As of 14:30, the FTSE 250 was trading 1.18% lower at 17,738. Aveva was trading higher on reports the software developer has hired banke
Read moreThomas Cook's independent director resigns
15th Jun 2015 11:49
Travel company Thomas Cook has announced that Carl Symon will step down from his role as non-executive director on 30 September. The FTSE 250 group said Dawn Airey, currently serving as independent non-executive director, will succeed Symon as senior independent director from 1 October. "I would si
Read moreLondon midday: Easyjet, StanChart lead UK stocks lower as Greek fears increase
15th Jun 2015 11:34
UK stocks dropped sharply on Monday, with the FTSE 100 on track for its lowest finish in three months, as debt talks between Greece and its creditors collapsed abruptly. The FTSE 100 was trading 0.74% lower at 6,734.97 by midday, with Easyjet and Standard Chartered providing a drag. The index has no
Read moreLondon open: FTSE 100 nears three-month low as Greek talks collapse
15th Jun 2015 08:44
A collapse in Greek debt talks hit UK stocks on Monday morning, putting the FTSE 100 on track for its lowest finish in three months. The FTSE 100 was trading 0.69% lower at 6,738.21 early on; it has not closed below this level since 11 March when it settled at 6,721.51. Markets across Europe were f
Read moreLondon pre-open: FTSE to continue lower amid growing Greece concerns
15th Jun 2015 07:40
London-listed stocks are expected to extend Friday's losses as concerns about the future of Greece's economy weigh heavily on sentiment. City sources predict the FTSE 100 will open around 30 points lower than Friday's close of 6,784.92. "It should be a very interesting week in the financial markets
Read moreThomas Cook sets up Chinese partnership with Fosun
15th Jun 2015 07:04
Thomas Cook has started a new joint venture with shareholder Fosun International with the aim of developing domestic, inbound and outbound tourism activities for the Chinese market. The JV, which will be 51% owned by Fosun and 49% by the UK travel operator, will be marketed under the Thomas Cook bra
Read moreTuesday broker round-up
2nd Jun 2015 07:57
British American Tobacco: JP Morgan reiterates overweight and 4,100p target price. Royal Mail: JP Morgan reiterates neutral stance. Playtech: JP Morgan reiterates buy. Henderson Group: UBS reiterates neutral stance and 275p target. Prudential: UBS reiterates buy recommendation and 1,950p target.
Read moreThursday newspaper round-up: Broadcom, Thomas Cook, Bank of England
28th May 2015 07:03
According to The Wall Street Journal, chipmaker Broadcom is in "advanced talks" to be taken over by peer Avago Technologies in a deal worth $35m. Thomas Cook's former boss Harriet Green, who left the travel group in November, is to donate one third of her multimillion-pound share payout to a charity
Read moreThomas Cook first half losses narrow, says it expects to resume dividend next year
20th May 2015 07:57
Tour operator Thomas Cook said on Wednesday that its dividend payment could resume next year as it reported a narrowing of its first-half operating loss to £220m from £283m, despite falling revenue. The company attributed the narrowing of the loss to a decrease or complete removal of costs associate
Read moreFTSE 250 movers: Thomas Cook upgraded, pub stocks rebound
12th May 2015 13:11
Thomas Cook Group led the risers after Credit Suisse said it sees an attractive risk-reward balance at the tour operator upgrading its rating from 'neutral' to 'outperform'. Greene King rebounded from Monday's losses, which came as the Competition and Markets Authority said that its bid for sector p
Read more