Sector movers: Basic resource shares slide on dollar strength
6th Oct 2014 13:53
Oil and basic resource stocks bore the brunt of selling on Thursday, as markets continued to react to the better-than-expected economic data trickling in from the States with the concomitant robustness in the US dollar which that entails. US durable goods orders declined 18.2% in August following a
Read moreSector movers: Airlines surge, but stronger dollar knocks commodity stocks lower
4th Oct 2014 17:55
The outlook for the world's major economies may be diverging, but at least on Friday the price action at the sector level was very similar, over on Wall Street, across the Channel and in the UK. The upside was led by travel-related stocks on the top flight index, while mining, precious metals or bas
Read moreBroker tips: Tullow Oil, Icap
3rd Oct 2014 17:55
On Friday analysts at Credit Suisse lowered their price target on shares of oil explorer Tullow Oil to 800p from 885p beforehand. That came on the heels of their recent reduced forecasts for the price of oil, although the impact of that was expected to be partially offset by a moderately lower pound
Read moreCredit Suisse cuts target price for Tullow Oil
3rd Oct 2014 17:48
On Friday analysts at Credit Suisse lowered their price target on shares of oil explorer Tullow Oil to 800p from 885p beforehand. That came on the heels of their recent reduced forecasts for the price of oil, although the impact of that was expected to be partially offset by a moderately lower poun
Read moreLondon close: FTSE 100 declines as mining stocks fall on dollar advance
25th Sep 2014 17:14
teerngasLondon's top shares tumbled on Thursday as the rising dollar took its toll on mining and energy stocks. The FTSE 100 Index closed 66.56p points adrift at 6639.71 as the greenback bounced on speculation of monetary stimulus from the European Central Bank (ECB) and US interest rate hikes. Spe
Read moreFTSE 100 movers: Tesco slides after revising H1 guidance
22nd Sep 2014 14:48
The downside was led by supermarket giant Tesco after the group downwardly revised its profit forecast for the six months ended 23 August, saying it had previously overestimated it by £250m. The food retailer cited "accelerated recognition of commercial income" and "delayed accrual of costs" as the
Read moreFTSE 100 movers: SABMiller jumps on takeover speculation
15th Sep 2014 16:11
SABMiller jumped on the back of speculation that fellow drinks giant Anheuser-Busch Inbev was lining up financing for a possible £75bn bid. At current prices, SABMiller is valued at around £61.5bn. The rumours come after Dutch brewer Heineken turned down an approach from SABMiller. The Heineken fami
Read moreLondon midday: M&A ramps up but weak Chinese data weighs on FTSE
15th Sep 2014 11:47
The UK stock market was poised to finish at their lowest level in more than three weeks on Monday despite a wave of M&A activity, as weak economic data from China dampened sentiment. Nervousness ahead of Wednesday's Federal Reserve policy meeting and a vote on Scottish independence were also limitin
Read moreSector movers: Oil stocks down with Brent at 16-month low
9th Sep 2014 14:14
Oil and gas producers were among the heaviest fallers in London on Tuesday after Brent crude dropped to below $100 a barrel the previous session. Royal Dutch Shell was providing a drag on the sector, down 1.6%, while BP lost 0.7% and Tullow fell 0.4% Whilst slightly off the low of $99.36 seen on Mo
Read moreFTSE 100 movers: BP recovers after yesterday's slump
5th Sep 2014 15:31
BP regained some of Thursday's heavy losses which came after it was found negligent in the 2010 Gulf of Mexico disaster. Oil and gas group Tullow Oil rose slightly on the news that is to sell its interests in two blocks offshore Netherlands for €62.7m (£50m) as it continues to shed off its gas asset
Read moreLondon open: Stocks fall as investors turn cautious ahead of US non-farm payrolls
5th Sep 2014 08:28
The FTSE 100 was trading 0.1% lower at 6,869 in early trading. The Footsie edged higher on Thursday to close at 6,877.97, its highest finish since 14 May when it settled at 6,878.49. Nevertheless, during the session the index reached a high of 6,904.86, its highest intraday level since the record 6
Read moreLondon pre-open: Stocks seen lower ahead of US jobs report
5th Sep 2014 07:44
City sources predict the FTSE 100 will open around 12 points lower than Thursday's close of 6,877.97. The US Bureau of Labor Statistics will release its non-farm payrolls (NFP) report and its latest estimate on the unemployment rate. Analysts expect the data to show employers added 230,000 in Augus
Read moreFTSE 100 movers: CSR rises on rumours
28th Aug 2014 16:14
Wireless technology group CSR jumped on rumours that the firm is considering a sale. According to the Financial Times, the UK chipmaker has received takeover offers from a number of rival semiconductor manufacturers and could fetch a price of as much as $3bn, compared with Wednesday's closing price
Read moreLondon midday: Profit-taking, Ukraine tensions hit UK stocks
28th Aug 2014 12:14
- Ukraine accuses Russia of invasion - Sentiment dampened by ECB uncertainty - CSR jumps on takeover hopes - Xaar plummets on weak guidance techMARK 2,838.91 -0.22% FTSE 100 6,799.21 -0.46% FTSE 250 15,898.75 -0.79% UK stocks retreated from an eight-week high on Thursday as renewed geopolitical te
Read moreLondon open: Miners pull FTSE 100 back from eight-week high
28th Aug 2014 09:13
- Traders uncertain about ECB - CSR jumps on takeover hopes - Xaar plummets after weak H1, outlook - Miners fall, supermarkets mixed techMARK 2,849.12 +0.14% FTSE 100 6,820.18 -0.15% FTSE 250 15,983.18 -0.26% UK stocks were trading lower on Thursday as the FTSE 100 paused for breath after settlin
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