Panmure Gordon picks out "most vulnerable" UK dividends
18th Feb 2015 13:27
Panmure Gordon has warned of "storm clouds on the horizon" for income investors as corporate payouts reach "unsustainable" levels and has picked out several FTSE 350 companies where dividends appear particularly vulnerable. Although the UK economy has begun 2015 in rude health, the broker pointed ou
Read moreSector movers: Analysts warm to Oil&Gas sector
16th Feb 2015 17:39
Shares in select Oil&Gas and oil service sector names led gains on Monday as analysts weighed in with positive views. In a research note e-mailed to clients first thing in the morning a team at Morgan Stanley headed by Martjin Rats wrote that: "A strong [Oil&Gas] industry response to the fall in oil
Read moreFTSE 100 movers: Astrazeneca lower as patent rejected, BHP boosted by Pakistan disposal
16th Feb 2015 14:11
Astrazeneca was trading lower after its patent on its Pulmicort Respules treatment for asthma was ruled by a US court as invalid. The US District Court of New Jersey ruling paves the way for generic versions of the lung drug to be released into the market. Actavis said it released a version of the d
Read moreLondon midday: Markets remain slightly in the red
16th Feb 2015 12:28
UK stocks were still slightly lower come midday on the heels of weaker than forecast Japanese growth domestic product (GDP) figures, overnight, and ahead of a critical meeting of Eurozone finance ministers scheduled for the evening. Traders were watching to see if Greece's new government and the Eur
Read moreLondon close: FTSE closing in on record high as commodity stocks rally
13th Feb 2015 16:30
UK stocks jumped on Friday as rising commodity prices lifted shares in the oil and mining sectors, while hopes increased that Europe can come to an agreement over the future of Greece. The FTSE 100 rose 0.7% to 6,873.52 by the end of trade, its best finish since early September 2014. The index is no
Read moreFTSE 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
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