FTSE 100 movers: Glaxosmithkline upgraded, miners and oil stocks higher
13th Feb 2015 14:29
Glaxosmithkline's shares were given a boost by UBS which upgraded its rating for the pharmaceutical stock by two notches from 'sell' to 'buy', saying that the business is now at an "inflection point" after a tough few years. The bank hiked its target price for the stock from 1,250p to 1,700p. The sh
Read moreLondon close: Stocks rise on Ukraine ceasefire, but gains modest
12th Feb 2015 17:13
UK stocks rose for the first time in five sessions on Thursday after a ceasefire was agreed in eastern Ukraine, though ongoing concerns about Greece and weak economic data from the States limited upside. Investors were also digesting comments from the Bank of England as it upgraded its UK growth for
Read moreLondon close: Resource stocks fall with markets cautious ahead of Greek meeting
11th Feb 2015 16:33
UK stocks declined for the fourth day on Wednesday with oil and mining stocks bearing the brunt of the selling pressure as investors scaled back their appetite for risk ahead of a pivotal meeting about Greece. London's FTSE 100 finished the session down 0.2% at 6,818, with blue-chip oil group Tullow
Read moreFTSE 100 movers: Tullow plummets on suspended dividend, BT higher on Premier League rights
11th Feb 2015 14:03
Tullow Oil topped the fallers after deciding to suspend its final dividend for 2014, as the exploration and production company swung to a loss of over $2bn on the back of hefty impairment charges and exploration write-offs. "2014 was a difficult year for our industry and a challenging one for Tullow
Read moreLondon midday: Greek uncertainty pressures UK stock market lower
11th Feb 2015 12:04
UK stocks declined for the fourth straight session on Wednesday with the focus firmly on Greece as the new government faces a stand-off with its international creditors. London's FTSE 100 was down 0.4% at 6,800 by midday, ahead of an emergency meeting of Eurogroup finance ministers in Brussels. The
Read moreBroker tips: Tullow Oil, Sky, ARM Holdings
11th Feb 2015 11:43
Tullow's dividend suspension may have caught some investors by surprise on Wednesday, though analysts at Barclays hailed the decision, keeping an 'overweight' position on the oil group. The bank said the move to suspend the decision was "pragmatic" given the company's current capital commitments, wh
Read moreBarclays hails Tullow Oil's dividend suspension as "pragmatic"
11th Feb 2015 09:48
Tullow's dividend suspension may have caught some investors by surprise on Wednesday, though analysts at Barclays hailed the decision, keeping an 'overweight' position on the oil group. The company recorded a pre-tax loss of $2.05bn last year, compared with a profit of $313m in 2013, after taking im
Read moreLondon open: Markets subdued as investors await Greek developments
11th Feb 2015 08:25
UK stock markets opened slightly lower on Wednesday, falling for the fourth straight day as investors awaited news flow from Greece. London's FTSE 100 was down 0.15% at 6,819 early on. All eyes will be on the emergency meeting of Eurogroup finance ministers on Wednesday, where Greece's Yanis Varouf
Read moreLondon pre-open: Stocks to edge higher ahead of Greek meeting
11th Feb 2015 07:53
UK stocks are expected to open slightly higher on Wednesday after three straight days of losses, though upside will likely be limited as investors await news flow on Greece. City sources predict the FTSE 100 will open eight points higher than Tuesday's close of 6,829.12. All eyes will be on the eme
Read moreTullow suspends divi and cuts costs in response to oil crisis
11th Feb 2015 07:28
Challenging conditions across the oil industry have pushed Tullow Oil to suspend its final dividend for 2014, as the exploration and production company swung to a loss of over $2bn on the back of hefty impairment charges and exploration write-offs. With no final dividend payment being made, sharehol
Read moreLondon close: Stocks trim losses on Greek hopes, Chinese stimulus
4th Feb 2015 17:09
A late rally helped the FTSE 100 to erase most of its losses on Wednesday as optimism surrounding Greece and stimulus measures in China lifted sentiment, though stocks still finished in the red after hitting a five-month high the previous day. London's Footsie ended the session down 0.2% at 6,860.02
Read moreLondon midday: Stocks fall, but losses pared after PBoC move
4th Feb 2015 12:08
Stocks declined on Wednesday as London's FTSE 100 retreated from a five-month high, though losses were trimmed slightly after China took measures to stimulate its economy. The People's Bank of China trimmed the banks' reserve requirement ratio by 50 basis points to 19.5%, the first such cut since Ma
Read moreLondon open: Stocks retreat from five-month high, Hargreaves Lansdown falls
4th Feb 2015 09:03
London's blue-chip stocks pulled back from a five-month high on Wednesday morning as investors watched developments in Greece and service-sector data from across the globe. The FTSE 100 was down 0.2% at 6,857 early on, as strong gains from Sky and a host of pharmaceutical stocks were outweighed by f
Read moreLondon close: Stocks finish choppy session higher as oil stocks gain, CRH jumps
2nd Feb 2015 17:19
A late rebound ensured that UK stocks finished firmly in positive territory on Monday, though trading was choppy as investors digested mixed manufacturing data from across the globe and a rebound in oil prices. After swinging between gains and losses for most of the session, London's FTSE 100 closed
Read moreSector movers: Energy stocks jump as crude steadies after recent surge
2nd Feb 2015 14:50
The biggest strike by US refinery employees in three decades and speculation about a slowdown in drilling Stateside helped keep crude prices steady on Monday, pushing energy stocks and oil services shares to the top of the pile in London. The industrial action, coordinated by the United Steelworkers
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