London open: ARM Holdings, miners lead markets higher
22nd Jul 2014 09:02
- ARM beats forecasts with Q2 results - Mining stocks rise - Royal Mail slumps after warning on full-year revenue - Investors watching geopolitical developments closely techMARK 2,804.98 +0.14% FTSE 100 6,773.20 +0.67% FTSE 250 15,564.85 +0.51% Strong gains from ARM Holdings and some mining heavyw
Read moreTuesday tips round-up: Babcock, Tesco
22nd Jul 2014 08:06
The recent slide in the share price of Babcock has been "overdone", according to the Tempus column in The Times, which recommended investors 'buy' shares of the engineer. The paper said that the group, which operates in the defence, transport and energy markets, has a healthy order book of £13.5bn
Read moreLondon close: FTSE in red as housing data, Russia weigh
21st Jul 2014 16:59
- FTSE closes down 21 at 6,728.44 - Ukraine, Gaza driving losses - Housing sector weighs after data techMARK 2,801.01 -0.10% FTSE 100 6,728.44 -0.31% FTSE 250 15,486.10 -0.45% Global tensions and disappointing housing data weighed on sentiment in today's session, with the footsie falling early on
Read moreFTSE 100 movers: Miners show resilience amid global tensions
21st Jul 2014 15:55
Miners Fresnillo and Antofagasta were showing resilience despite the mounting tensions seen in both Russia and Gaza over the past few days. Retail giant Tesco was up despite this morning unveiling a profit warning after a "challenging" second quarter. Shares gained after investors welcomed the res
Read moreSector movers: Tesco boosts food retailers as investors welcome CEO change
21st Jul 2014 15:00
A profit warning from Tesco sent many UK supermarket stocks lower on Monday, but investors in the firm itself seemed to celebrate the appointment of a new boss, sending shares in the grocery giant higher. Tesco, the largest retailer in Britain and second-largest in the world with a market capitalis
Read moreBroker tips: Tesco, Babcock, Sage, Tullow Oil
21st Jul 2014 12:59
A profit warning from Tesco may result in more downgrades, but Shore Capital has upgraded its rating on the supermarket stock from 'sell' to 'hold' after the resignation of Chief Executive Officer Philip Clarke on Monday. "With this important development we sense that the market will broadly welcom
Read moreLondon midday: Housing, tobacco stocks lead UK markets lower, but Tesco gains
21st Jul 2014 12:10
- Gaza fighting, Ukraine crisis continues to dampen risk appetite - UK house prices fall for first time this year - Tobacco stocks hit by major fine for US peer - Tesco issues profit warning as CEO resigns techMARK 2,796.34 -0.27% FTSE 100 6,726.20 -0.34% FTSE 250 15,467.80 -0.57% Geopolitical con
Read moreShore Capital upgrades Tesco to 'hold', welcomes Lewis as new CEO
21st Jul 2014 10:00
A profit warning from Tesco may result in more downgrades, but Shore Capital has upgraded its rating on the supermarket stock from 'sell' to 'hold' after the resignation of Chief Executive Officer (CEO) Philip Clarke on Monday. Tesco said current trading conditions "are more challenging than we ant
Read moreLondon open: Stocks fall as geopolitical risk remains high
21st Jul 2014 09:13
- Gaza fighting continues - Tensions still high after Malaysia Airlines crash in Ukraine - Tesco rises as investors welcome CEO departure despite profit warning techMARK 2,791.37 -0.44% FTSE 100 6,724.54 -0.37% FTSE 250 15,430.53 -0.81% UK stocks eased on Monday morning as continued fighting in Ga
Read moreLondon pre-open: FTSE to inch higher amid global tensions
21st Jul 2014 07:45
A small rise in predicted for the FTSE this morning, as investors gear up for a busy week of updates from London's blue chips. City sources predict the FTSE 100 will open around three points above Friday's close of 6,749.45. Investors will be keeping a close eye on retail giant Tesco, which has an
Read moreTesco boss Philip Clarke quits after profit warning
21st Jul 2014 07:16
Retail giant Tesco has announced the resignation of its boss Philip Clarke as it unveiled a profit warning after a "challenging" second quarter. Clarke, who was appointed Chief Executive Officer (CEO) in 2011 and has been on the board since 1998, "agreed [...] that this is the appropriate moment to
Read moreFriday preview: Tesco boss likely to face pressure at AGM
17th Jul 2014 14:56
Tesco's Chief Executive Philip Clarke is likely to face questions over the supermarket's efforts to turn round sales and recoup market share on Friday. The company holds its annual general meeting after reporting its worst quarterly figures for 40 years in early June. Tesco has been hurt by compe
Read moreWednesday newspaper round-up: Carney, Stansted, Microsoft...
16th Jul 2014 06:44
Mark Carney has rejected calls by the Bank for International Settlements (BIS) for a swift return to normal interest rates, lambasting the lauded Swiss institution for operating "in a vacuum" and "outside political and economic reality". The Governor of the Bank of England said that BIS, considered
Read moreLondon close: Sports Direct leads rebound on FTSE
14th Jul 2014 16:59
- FTSE loses up 55.97 at 6,746.14 - Sports Direct to expand into Oz - Eurozone industrial production declines techMARK 2,794.16 +0.43% FTSE 100 6,746.14 +0.84% FTSE 250 15,577.71 +0.82% London's blue chips got the week off to a strong start, rising fairly steadily throughout the day, with just a
Read moreFTSE 100 movers: Sports Direct lifted by partnership deal
14th Jul 2014 15:36
Shares of Sports Direct were this afternoon's biggest risers after it was announced that the sportswear retailer has teamed up with MySale, the flash sale fashion retailer, to launch in Australia and New Zealand. Adding to the positive mood, the Sunday Times's Danny Fortson rejected opposition to M
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