FTSE 250 movers: Housebuilders extend Thursday's gains
22nd Nov 2013 15:51
Housebuilders continued to climb on the back of the latest UK tax figures which yesterday signalled a housing boom, with stamp duty revenues at the same level they were at just before the economic crisis in 2008. Essar Energy revealed it is one step closer to its FTSE inclusion after major shareho
Read moreSector movers: Tobacco stocks suffer, Telecoms charge higher
21st Nov 2013 16:06
One of the worst performing sectors today was Tobacco, with the declines being led by BATS and Imperial Tobacco after US peer Philip Morris International yesterday warned the industry could suffer an overall 2-3 per cent decline in 2014. The American company lowered its own expectations for the ye
Read moreLondon close: Ex-div stocks weigh as investors await Fed minutes
20th Nov 2013 16:17
- MPC warns of 'uncertainties' to recovery - FOMC in focus ahead of minutes - Ex-div stocks finish firmly lower techMARK 2,626.20 -0.68% FTSE 100 6,681.08 -0.25% FTSE 250 15,178.75 -0.57% UK markets finished firmly lower on Wednesday after a choppy session as investors adopted a cautious approach
Read moreFTSE 250 movers: Drop in gold price unsettles African Barrick
20th Nov 2013 15:47
African Barrick Gold was tracking the gold price lower today, with investors spooked after the commodity saw its value drop 10 dollars in the space of 10 seconds this morning following reports of alleged rigging of the gold price. Centamin was also lower. Bodycote extended yesterday's losses which
Read moreLondon midday: Markets in the red with BoE, Fed in focus
20th Nov 2013 11:33
- BoE voted unanimously on policy at last meeting - MPC attempts to play down rate-hike fears - Taper in focus ahead of FOMC minutes techMARK 2,627.20 -0.64% FTSE 100 6,670.70 -0.41% FTSE 250 15,181.39 -0.55% UK markets were trading in the red on Wednesday after the Bank of England expressed conce
Read moreLondon open: Investors turn cautious ahead of FOMC minutes
20th Nov 2013 08:19
- Bernanke comments in focus ahead of FOMC minutes - Telecom Plus buys back businesses from Npower - Diageo CEO warns of 'uncertain' global economy techMARK 2,637.85 -0.24% FTSE 100 6,687.39 -0.16% FTSE 250 15,243.72 -0.14% UK stocks declined on Wednesday as investors adopted a cautious approach a
Read moreLondon pre-open: FTSE called to open lower ahead of Fed and BoE minutes
20th Nov 2013 07:33
City sources predict the FTSE 100 will open around 21 points lower than yesterday's close of 6,698.01, ahead of the release of the minutes from both the Bank of England and the latest meeting of the US Federal Reserve. The Federal Open Market Committee's meeting should offer further insight behind
Read moreTelecom Plus buys Npower supply businesses as H1 in-line - UPDATE
20th Nov 2013 07:05
- Buys back gas and electricity supply units - Price agreed of 218m pounds - Placing and open offer to raise 130m pounds at discount price Utilities reseller Telecom Plus has agreed to pay 218m pounds to buy back two gas and electricity supply businesses from Npower which it sold in 2006. The FT
Read moreSector movers: Telecoms rise as BT hits record high
16th Oct 2013 14:26
The fixed line telecommunications sector was the top performing category in London on Wednesday with gains from heavyweight firm BT Group providing a boost. BT was trading at an all-time high of 360.3p by 15:15 today, up 1.66% on the day, after Goldman Sachs upgraded its rating on the stock to 'con
Read moreLondon close: FTSE 100 at three-month low as IMF cuts global outlook
8th Oct 2013 16:39
Disappointing economic data and the ongoing US government shutdown sparked a sell-off on London's FTSE 100 on Tuesday, with the index falling to levels not seen in over three months. Meanwhile, as the budget impasse continues in Washington, the International Monetary Fund (IMF) today cut its outloo
Read moreFTSE 250 movers: Telecom Plus surges after strong first half
8th Oct 2013 15:54
The share price of Telecom Plus surged on Tuesday afternoon after the utility services company reported that growth accelerated strongly in the first half. The firm said that customer numbers jumped by 50 per cent in the six months to September 30th, as it guided to a record full-year performance. F
Read moreTelecom Plus sees growth accelerate in second quarter
8th Oct 2013 07:27
Growth has accelerated in the second quarter at utilities reseller Telecom Plus as it enjoyed record levels of distributor recruitment. The FTSE 250 company, which operates via the Utility Warehouse brand and uses customers as distributors, reported "significant acceleration" in the growth of new c
Read moreLondon close: Stocks rally after Bernanke comments on QE
17th Jul 2013 16:58
Markets rallied on Wednesday afternoon following comments from Federal Reserve Chairman Ben Bernanke who said that quantitative easing (QE) is 'by no means on a pre-set course' and still depends on how the economic recovery plays out. "For markets, that's good news as the US economic recovery, thou
Read moreFTSE 250 movers: Hochschild Mining jumps after Q2 update
17th Jul 2013 14:53
Mining stocks were in demand on Wednesday with precious metals group Hochschild Mining the standout performer after saying that it remains on track to hit its full-year production target of 20m silver equivalent ounces following an in-line second quarter. The company also said that its 'cashflow opt
Read moreLondon midday: Unanimous MPC vote on QE takes markets by surprise
17th Jul 2013 11:53
Minutes from this month's Monetary Policy Committee (MPC) meeting took markets by surprise on Wednesday morning, with the FTSE 100 slipping into the red after it was revealed that policymakers voted unanimously to leave the Bank of England's (BoE) bond-buying programme unchanged. Investors were lar
Read more