Monday newspaper round-up: G20, BAe, T-Mobile
7th Sep 2009 06:39
The future of the French investment banking industry was last night under threat after the Elysée Palace refused to back down over demands to cap traders' bonuses. At the G20 meetings in London that concluded on Saturday, finance ministers and central bankers agreed on guidelines for the payment of
Read moreLondon close: Footsie rally continues
25th Aug 2009 16:32
After an afternoon of see-sawing between the red and the blue, Footsie finished in positive territory and above the 4,900 point mark, continuing its rally. State-owned lender Royal Bank of Scotland finished with good gains after it said it will cut the level of benefits received by members of its
Read moreLondon afternoon: US data encourages Footsie
25th Aug 2009 15:11
A strong start on Wall Street is keeping London in the blue, just, with investors welcoming a bigger than expected jump in US consumer confidence. The leading index remains on course for a sixth consecutive day of gains after state-owned lender Royal Bank of Scotland said it will cut the level of b
Read moreFTSE 100 movers: Miners weigh on index
25th Aug 2009 14:12
Miners are still leading the blue chip fallers. Kazakhmys, Xstrata, Antofagasta, Eurasian Natural Resources, Rio Tinto, BHP Billiton and Randgold Resources are among the worst in the sector. Royal Bank of Scotland is topping the risers, while Standard Chartered is lower after the FT reported the s
Read moreLondon midday: Footsie still in the red
25th Aug 2009 11:54
Despite threatening to move back into positive territory an hour ago, the Footsie has slid further back down into the red. Miners are still heavily weak with seven out of the top ten losers so far from the sector. Kazakhmys, Xstrata, Antofagasta, Eurasian Natural Resources, Rio Tinto, BHP Billiton
Read moreVodafone director spends £400,000
29th Jul 2009 15:56
Simon Murray, a director at mobile phone giant Vodafone, has more than tripled his stake in the firm with the purchase of £400,000 of shares. He bought 335,000 shares at just under 120p each and now has 492,500. Last week Vodafone said revenue rose 9.3% in the quarter to June, helped by positive e
Read moreLondon close: Ten out of ten for Footsie
24th Jul 2009 17:13
The FTSE 100 index made it ten days of rises in a row, despite tailing off towards the close as investors looked to bank profits ahead of the week-end. It capped the best rally by the blue-chip index in five years. The rise was achieved despite dismal gross domestic product data. UK output contract
Read moreFTSE 100 movers: Vodafone eases concerns
24th Jul 2009 17:01
Friday's quarterly trading update from telecoms giant Vodafone was well received and contained nothing worrying enough to persuade Morgan Stanley to changes its favourable stance on the stock. The US bank has maintained its "overweight" recommendation for Vodafone, saying the "valuation thesis rema
Read moreLondon afternoon: Financials find favour
24th Jul 2009 14:11
Footsie eased back a little over the lunchtime session but thanks to firm financials the blue-chip index continues to shrug off this morning's gloomy data on gross domestic product (GDP). UK output contracted 0.8% between April and June after a 2.4% decline in the first quarter, according to the Of
Read moreBroker tips: Vodafone, Compass, Housebuilders
24th Jul 2009 11:55
Friday's quarterly trading update from telecoms giant Vodafone contained nothing worrying enough to persuade Morgan Stanley to changes its favourable stance on the stock. The US bank has maintained its "overweight" recommendation for Vodafone, saying the "valuation thesis remains compelling." "Und
Read moreLondon midday: London shrugs off GDP shock
24th Jul 2009 11:54
After a shaky opening the market is moving steadily ahead, despite receiving a jolt from much worse than expected gross domestic product (GDP) figures. Output contracted 0.8% between April and June after a 2.4% decline in the first quarter, according to the Office for National Statistics' flash est
Read moreBroker snap: Vodafone's figures better than feared
24th Jul 2009 10:45
Friday's quarterly trading update from telecoms giant Vodafone has been well received by the market and contained nothing worrying enough to persuade Morgan Stanley to changes its favourable stance on the stock. The US bank has maintained its "overweight" recommendation for Vodafone, saying the "va
Read moreSector movers: Vodafone figures lift mobile phone sector
24th Jul 2009 10:38
Mobile telecommunications stocks are higher after Vodafone said revenue rose 9.3% in the quarter to June, helped by positive exchange rates and M&A activity, though organic service revenue fell due to weakness in Europe. The group also said it is trading in line with management's outlook issued in
Read moreComment: Vodafone revenues reliant on currency swings
24th Jul 2009 09:07
Vodafone saw revenues rise 9.3% in the quarter to June boosted by exchange rate movements and acquisitions but if you strip those out, the like-for-like figures were fairly grim. Almost all the regions were lower compared to the same period last year. Europe, where Vodafone gets around 70% of its r
Read moreLondon open: Quiet start for Footsie
24th Jul 2009 08:46
Footsie has opened lower despite big gains overnight in the US and Asia and also a well-received trading update from Vodafone. Vodafone said revenue rose 9.3% in the quarter to June, helped by positive exchange rate movements and M&A activity. The group also said it is trading in line with manageme
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