London close: Vodafone drags FTSE into negative finish, CPI in focus
20th May 2014 16:59
- FTSE closes down 42.55 points at 6,802 - Vodafone and M&S miss expectations - CPI rises 0.2 percentage points in April to 1.8 per cent techMARK 2,706.50 -0.48% FTSE 100 6,802.00 -0.62% FTSE 250 15,440.25 +0.40% Significant falls by a number of blue chip heavyweights ensured a negative finish for
Read moreFTSE 100 movers: Vodafone slides after results
20th May 2014 15:13
Vodafone was a notable faller today after it said earnings came in just shy of consensus forecasts in the year to end-March, though the mobile operator confirmed its expected final dividend of 7.47p per share. Group revenue sank 1.9% in line with the consensus to £43.6bn, with organic service reven
Read moreTuesday broker round-up UPDATE
20th May 2014 07:58
Alent: UBS lowers target price from 360p to 355p and keeps a buy recommendation. APR Energy: Investec reduces target price from 1150p to 880p and stays with its hold recommendation. ARM Holdings: Goldman Sachs reduces target price from 1450p to 1400p and stays with its buy recommendation. AVEVA H
Read moreLondon close: Supermarkets lift FTSE to end week on positive note
16th May 2014 16:59
- FTSE closes up 14.92 points at 6,855.81 - Comments from Asda, Morrison bid speculation, lift supermarkets - Eurozone trade surplus narrows - US consumer confidence falls techMARK 2,745.29 -0.45% FTSE 100 6,855.81 +0.22% FTSE 250 15,397.92 -1.40% Blue chips managed to end the week on a positive n
Read moreFTSE 100 movers: Morrison leads on bid speculation
16th May 2014 15:15
Morrison was today leading the upside, driven by market chatter around a potential bid for the group by a US-led private equity consortium. According to the Daily Mail's market report, such a bid could total around 6.4bn pounds in cash. Sector peers Tesco and Sainsbury were also lifted by the news
Read moreSector movers: Supermarket stocks rally
16th May 2014 14:21
Supermarket stocks were the biggest risers on the FTSE 100 including Morrison, Sainsbury and Tesco. Morrison led the market higher on speculation that a US private equity consortium was considering a bid for the company. "When the supermarket sector is leading the market there is clearly something
Read moreFTSE 100 movers: LSE climbs on revenue rise
15th May 2014 15:29
LSE rose strongly after it reported a 10 per cent rise in annual revenue to 1.1bn pounds helped by the acquisition of LCH.Clearnet business. While profits fell on the back of higher expenses due to the purchase, the company said it has identified significant cost savings as part of the integration.
Read moreLondon close: Barclays and ECB´s Draghi push Footsie higher
8th May 2014 16:59
- FTSE closes up 42.81 points to 6,839.25 - ECB signals possible rate action in June - MPC maintains bank rate - Barclays unveils further job cuts techMARK 2,807.39 +0.59% FTSE 100 6,839.25 +0.63% FTSE 250 15,968.51 +0.55% The City ended today's session on a positive note, buoyed by speeches from
Read moreThursday broker round-up UPDATE
8th May 2014 08:40
Anglo American: Deutsche Bank ups target price from 1510p to 1550p and retains a hold recommendation. Balfour Beatty: Berenberg reduces target price from 350p to 290p and keeps a buy recommendation. BBA Aviation: JP Morgan cuts target price from 386p to 369p retaining an overweight rating. Bodyco
Read moreLondon close: Stocks nearly flat after Putin and OSCE Chairman meet
7th May 2014 16:59
- FTSE closes down 2.12 points at 6,796.44 - Kantar data pushes supermarkets lower - Ukraine situation eases slightly techMARK 2,790.92 -0.04% FTSE 100 6,796.44 -0.03% FTSE 250 15,881.95 -0.36% UK markets ended today's session broadly flat as investors digested a raft of corporate updates, poor re
Read moreFTSE 100 movers: Experian leads downside, ex-divi stocks weigh
7th May 2014 15:31
Experian disappointed with its outlook statement as it said it faces 'a number of one-off headwinds' that will constrain growth in the first half. After going ex-dividend, Morrison led the supermarket sector lower, dragged further into the red by a report from Kantar which showed industry growth i
Read moreSector movers: Sainsbury drags grocers lower amid gloomy Kantar data
7th May 2014 14:55
A mixed reaction to better-than-expected results from J Sainsbury and gloomy industry data pushed grocery stocks lower on Wednesday. Underlying profit before tax at Sainsbury rose 5.3% to £798m in the 52 weeks to March 15th, ahead of the consensus forecast of £782m, on underlying group sales includ
Read moreKantar data shows supermarket growth at 11-year low
7th May 2014 13:47
Fresh supermarket industry data from Kantar Worldpanel has shown growth is at the 'lowest level for at least 11 years'. Figures for the 12 weeks ending April 27th show the British grocery market grew just 1.9%, which Kantar said was caused by intensifying price competition among the supermarkets an
Read moreTesco eyes smartphone launch in autumn as Clarke digs in
6th May 2014 10:21
Tesco has announced plans to launch its own smartphone by the end of the year, as well as an updated version of its popular Hudl tablet computer. The FTSE 100 supermarket group's Chief Executive Philip Clarke told BBC radio that the phone would be pre-installed with Tesco services, as is expected t
Read moreLondon close: Lloyds leads positive finish for FTSE
1st May 2014 16:59
- FTSE closes up 28.84 points at 6,808.87 - Lloyds leads after strong quarterly performance - UK manufacturing PMI rises to five-month high techMARK 2,788.41 +0.28% FTSE 100 6,808.87 +0.43% FTSE 250 15,850.34 +0.21% London-listed stocks closed today's session on a positive note, with gains being l
Read more