London close: Greek default fears grip markets as UK stocks pull back from record
16th Apr 2015 16:51
Stocks finished lower on Thursday with UK markets retreating from a record high, as bonds yields in Athens soared on the back of concerns over a potential Greek default. London's FTSE 100 was down 36.33 points (-0.51%) by the close at 7,060.45. The index pulled back from Wednesday's all-time closin
Read moreFTSE 250 movers: Debenhams surges on strong H1, Telecom Plus lower on profit warning
16th Apr 2015 13:41
Debenhams topped the risers after posting half-year results above its forecast, reversing a decline in sales over its financial first quarter. "Overall we delivered a good first half performance despite a difficult clothing season in Autumn and we are on track to achieve full year expectations," sai
Read moreLondon midday: Greek fears hit sentiment as stocks retreat ahead of US session
16th Apr 2015 11:54
Ongoing uncertainty over Greece gave investors an excuse to take profits on Thursday, with UK stocks pulling back from record levels ahead of what is expected to be a busy session in the States. "Fears over Greece continued to dominate Thursday morning, leaving the Eurozone indices in a sorry state
Read moreLondon open: Greek woes pull UK stocks back from record high
16th Apr 2015 09:13
London's stock market pulled back slightly on Thursday morning, with investors pausing for breath after a record-setting session the previous day. The FTSE 100 was down 0.19% at 7,083.32 in early deals, retreating from Wednesday's all-time closing high of 7,096.78. The index also set a record intrad
Read moreTelecom Plus tanks after profit warning on gas debtor writedown
16th Apr 2015 08:12
Telecom Plus has warned that profit growth for 2015 and 2016 will be well below market expectations as the Utility Warehouse owner unexpectedly wrote down a large amount of unbilled customer debt. After a review of unbilled gas debtors the FTSE 250 group decided to write down a total of roughly£11m
Read moreTelecom Plus chairman raises stake following SSE's cut in gas prices
26th Jan 2015 15:06
The chairman and two directors in Telecom Plus bought new shares in order to show confidence in the business on the same day it was hit by cuts in gas prices by rival SSE. Charles Wigoder, who has been chairman in the gas, electricity and mobile services group for 27 years, purchased 25,000 shares a
Read moreFTSE 250 movers: Telecom Plus climbs as oil stocks slide
10th Oct 2014 15:13
Utility services group Telecom Plus said it is happy with market expectations for the full year after strong organic growth in the first half, causing shares to surge on Friday. The company said that the strong growth in both customers and service numbers seen at the start of the year accelerated in
Read moreSector movers: Cyclicals slump, defensives rise as risk appetite wanes
10th Oct 2014 14:06
Cyclical sectors such as mining and oil services were bearing the brunt of the market sell-off on Friday as fears about a global economic slowdown prompted investors to scale back risk appetite. Mining heavyweights such as Antofagasta, Glencore, Fresnillo and BHP Billiton were all under pressure as
Read moreLondon midday: UK stocks on track for lowest close in over a year
10th Oct 2014 11:38
UK stocks dropped sharply on Friday as fears about the global economy and the Ebola crisis continued to weigh heavily on market sentiment. After closing at its lowest level of the year on Thursday, the FTSE 100 was down a further 1.4% at 6,345 by Friday lunchtime as travel, leisure and mining stocks
Read moreLondon open: Sell-off continues as UK stocks fall
10th Oct 2014 08:20
The selling pressure continued on Friday morning as UK stocks opened at their lowest levels over the year, with ongoing concerns about the global economy sparking further volatility across equity markets. The post-Federal Reserve minutes bounce proved short-lived on Thursday, as early gains were qui
Read moreTelecom Plus 'comfortable' with forecasts after strong first half
10th Oct 2014 07:49
Utility services group Telecom Plus said it is happy with market expectations for the full year after strong organic growth in the first half. The company, which provides gas, electricity, fixed line telephony, mobile telephony and broadband services, said that the strong growth in both customers an
Read moreFTSE 250 movers: Telecom Plus jumps on strong first quarter, outlook
15th Jul 2014 14:17
Telecom Plus shares surged 8% on Tuesday as investors gave a warm reaction to a bullish first-quarter update. The utility supplier reported strong growth in customer numbers during the period, and said it was on track to hit its target of growing profits by "almost 50%" over the full year. Mining g
Read moreBroker tips: Lloyds, Telecom Plus, Michael Page
15th Jul 2014 12:11
Deutsche Bank has chosen to reiterate its 'buy' rating on Lloyds Banking Group ahead of the lender's second-quarter results at the end of the month, saying that it its "top pick" in the UK banking sector. "LBG provides attractive and cost-effective exposure to a strong UK economy, a profitable bank
Read moreLondon midday: Housebuilders fall as inflation data sparks rate-hike concerns
15th Jul 2014 12:03
- UK inflation jumps to 1.9% in June - Carney highlights housing concerns - German ZEW survey disappoints - Yellen, US data in focus later on techMARK 2,781.35 -0.46% FTSE 100 6,722.11 -0.36% FTSE 250 15,478.79 -0.64% Rate-hike speculation in the UK and disappointing economic data from Germany saw
Read morefinnCap reiterates upbeat outlook for Telecom Plus
15th Jul 2014 10:03
finnCap has repeated its 'buy' recommendation for utility services provider Telecom Plus after a strong first-quarter update from the firm on Tuesday. "Telecom Plus is a premium stock with impressive gross profit focus and growth," said Analyst Harold Evans. The company, which provides gas, electr
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