London pre-open: Lower start expected
24th Jul 2009 07:39
Footsie is expected to give up some of strong recent gains in early dealings. 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 management's outlook issued in May 2009 for the current f
Read moreVodafone quarter revenue up, Europe weak
24th Jul 2009 07:07
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 May 2009 for the current financial year. Revenue
Read moreThursday newspaper round-up: Stagecoach, GSK, Water groups
23rd Jul 2009 06:16
Stagecoach, the bus and train operator, was linked with a takeover bid for its crisis-hit rival National Express last night as FirstGroup, a third competitor, walked away from a possible deal, says the Times. GSK, Britain's largest pharmaceuticals company, could make up to £1bn from sales of its s
Read moreVodafone takes over BT's Irish broadband customers
22nd Jul 2009 15:15
Mobile telecoms firm Vodafone has agreed a deal to takeover BT's consumer and small business broadband and voice customer base in Ireland. BT will also provide wholesale network services to underpin Vodafone's business over a seven-year period. BT said it will continue to focus on becoming the numb
Read moreWeek ahead: Glaxo, Vodafone, BoE minutes
17th Jul 2009 10:05
Domino's Pizza has been bucking the trend during the recession, with the company's takeaway pizzas in high demand as people cut back on eating out but still treat themselves as they stay at home. The firm reported a tasty 9.3% rise in like-for-like sales in the 13 weeks to March 31. Investors will
Read moreLondon close: Stocks pull out of tailspin
14th Jul 2009 17:09
Indecision on Wall Street prompted a spell of profit taking in the UK in the middle of the afternoon session which threatened to wipe out the morning's gains, but London's blue-chips rallied at the death to keep the Footsie in the blue. Mining stocks were the best performers with silver miner Fresn
Read moreLondon afternoon: Footsie climbs despite weak retailers
14th Jul 2009 14:10
London's leading shares continue to edge higher, with sentiment given a boost in the afternoon by expectations of a moderately firm start on Wall Street and a strong set of second quarter results from US bank Goldman Sachs, which announced record revenues. Mobile phone giant Vodafone, the third lar
Read moreFTSE 100 movers: Vodafone knocked by UBS downgrade
14th Jul 2009 12:36
Vodafone is losing share in three of its four main European markets according to UBS, which has downgraded its rating of the mobile phone giant. The Swiss bank believes the stock is a short-term sell and has switched its medium-term recommendation to "neutral" from "buy" while cutting its price tar
Read moreBroker tips: Vodafone, Glaxo, Next
14th Jul 2009 12:23
Vodafone is losing share in three of its four main European markets according to UBS, which has downgraded its rating of the mobile phone giant. The Swiss bank believes the stock is a short-term sell and has switched its medium-term recommendation to "neutral" from "buy" while cutting its price tar
Read moreLondon midday: Early gains are consolidated
14th Jul 2009 12:11
The Footsie is trading sideways, holding on to gains after a bright start. Inflation data was much as expected, with the inflation rate falling below the Bank of England's 2% target for the first time since September 2007 last month. The Office for National Statistics (ONS) revealed a drop in consu
Read moreBroker snap: Vodafone losing market share
14th Jul 2009 11:16
Vodafone is losing share in three of its four main European markets according to UBS, which has downgraded its rating of the mobile phone giant. The Swiss bank believes the stock is a short-term sell and has switched its medium-term recommendation to "neutral" from "buy" while cutting its price tar
Read moreMicrosoft's Operating System For Mobiles Faces A Tough Fight
6th Jul 2009 13:36
By John Letzing As computing goes mobile thanks to the emergence of more powerful devices, Microsoft Corp. (MSFT) is finding itself increasingly threatened by new rivals - and some old ones, too. The company's mobile technology has suffered in comparison to both the iPhone, from traditional
Read moreLondon close: Heavy losses for Footsie
2nd Jul 2009 16:37
Footsie closed the day nursing triple-digit losses as investors took fright following poor US monthly jobs figures. WPP was the day's worst performer as Citigroup downgraded the UK advertising firm to sell from hold, saying a continuation of the trends in the second quarter would suggest a 7.5% org
Read moreLondon afternoon: Slide accelerates after US open
2nd Jul 2009 15:00
Investors are bailing out of equities in the US ahead of the long holiday week-end in the States, prompting the decline in UK equities to pick up pace. Rio Tinto is the day's worst performer despite a strong response to its $15.2bn rights issue. Shareholders have taken up 96.97% of the shares offer
Read moreInterest in T-Mobile hots up
2nd Jul 2009 13:44
Spanish telecom giant Telefonica is looking to preserve the dominant position of its O2 brand in the UK mobile phone market by sizing up T-Mobile UK, the network owned by Deutsche Telekom. Rumours have been rife in the market this week that UK mobile phone giant Vodafone is interested in acquiring
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