London midday: FTSE 100 at 15-month high
29th Dec 2009 12:21
London's blue chip index is now back above the levels before the collapse of Lehman Brothers with demand for miners again sparking the rise. Footsie was last this high on 12 September 2008 when it stood at 5,416. The following day Lehman Brothers went bust. London is now the seventh stock market to
Read moreVodafone buys Turkey's Borusan Telekom
29th Dec 2009 10:55
Vodafone has agreed to buy Borusan Telekom, an enterprise focused provider of fixed voice and data services in Turkey. The mobile phone giant did not comment on the financial details of the deal. As at 31 December 2008, Borusan Telekom had gross assets of $18m and for the year ended 31 December 2
Read moreADR REPORT: Shares Mostly Higher; Solar, Tech Lead Gainers
21st Dec 2009 22:47
By Aja Carmichael and David Benoit Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--International companies trading in New York closed generally higher Monday as solar and technology stocks led the market. The Bank of New York index rose 0.6% to 133.89. Thomson (TMS) shares rose 21% to
Read moreLondon Close: Footsie posts strong gain
21st Dec 2009 16:54
Footsie ended the day almost 2% higher after a strong performance throughout the day. The positive opening of Wall Street gave a further boost later in the afternoon. The Dow has jumped over 100 points helped by optimism that the $800bn plus Health Care Bill could get approved sooner rather than l
Read moreLondon afternoon: Dow gains lift Footsie
21st Dec 2009 14:47
Footsie is pushing forward following a strong start on Wall St fuelled by weakness in the dollar and related gains for the miners. The Dow has jumped over 80 points helped by optimism that the $800bn plus Health Care Bill could get approved sooner rather than later. Over here, Cairn Energy is sti
Read moreLondon midday: Oil fired Footsie
21st Dec 2009 12:00
Oil is fuelling the Footsie's rise today, with support from back-in-favour banks. Cairn Energy has secured a drill ship to get an early start on its exploration activities in Greenland. The oil company said drilling in Greenland will start a year ahead of schedule after it came to a deal with Hess
Read moreVodafone's UK iPhone launch set for 14 Jan
21st Dec 2009 10:35
Mobile phone giant Vodafone has confirmed it will begin selling Apple's iPhone in the UK on 14 January. Tariffs start from £30 a month for a two-year contract, which includes 300 free voice minutes and unlimited texts, but the 3G 8GB handset will cost £59 and a 16GB £149. The 8GB phone is free for
Read moreLondon close: Miners push Footsie higher
2nd Dec 2009 17:09
Despite being weighed down by a number of ex-dividend stocks, Footsie finished the day in positive territory, with gains on miners outweighing losses on banks. With metals prices hardening, miners were in demand. Lonmin was the best performer after being raised to 'buy' by Investec, which also upgr
Read moreLondon afternoon: Footsie in the blue
2nd Dec 2009 14:52
Though banks are still looking sickly, Footsie has struggled into positive territory on the back of a strong mining sector. Royal Bank of Scotland (RBS) remains the biggest faller among blue-chips, with lingering concerns about its exposure to Dubai World's debt now overshadowed by with newspaper r
Read moreLondon midday: Banks get battered
2nd Dec 2009 12:11
After yesterday's strong gains, equities come off the boil today with banks, in particular, getting hammered, on enduring fears over exposure to Dubai debt. Royal Bank of Scotland (RBS) and Lloyds Banking are the big fallers among blue-chips, while elsewhere in the banking sector Barclays is also o
Read moreThursday newspaper round-up: Walker Review, Lloyds/HBOS, Vodafone
26th Nov 2009 06:30
Big banks will have to disclose how many of their UK employees are paid more than £1m under recommendations to be published today by City banker Sir David Walker, the FT writes. Sir David will say that half the bonuses paid to employees should be deferred for three to five years. He will also propo
Read moreTesco to sell iPhones this Christmas
25th Nov 2009 14:52
UK supermarket Tesco has joined the slowly growing list of companies selling the Apple iPhone in the UK this Christmas. Tesco is to sell the much sought after smartphone from Apple and has pledged to 'bring a bit of Tesco value to the iPhone', though it remains locked in negotiations with Apple ove
Read moreVodafone contests Indian tax bill
21st Nov 2009 00:16
UK mobile phone network giant Vodafone has asked for more time to prepare an official response to a $2bn tax bill from the Indian government. The charge relates to a capital gains tax charge relating to Vodafone's 2007 takeover of Indian mobile phone network operator Hutchison Essar. Vodafone is c
Read moreThursday tips round-up: Capita, Mothercare, Vodafone
19th Nov 2009 06:12
It is too soon to tell whether the City's underlying fear ? that Capita's years of consistent double-digit growth are ending ? will be realised. However, in the interim, professional investors may prove unwilling to pay 721¾p, or 17 times 2010 earnings, if that trajectory is in doubt. For that reaso
Read moreBroker tips: BT, Kazakhmys, Electrocomponents
13th Nov 2009 12:34
Nomura has turned negative on Kazakh miner Kazakhmys because it thinks the local currency may be revalued upwards, tax cuts may be limited and the shares fully reflect the strength in copper. The Japanese broker's stance on the shares is cut to 'reduce' from 'buy' with target price slashed to 1,065
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