Vodafone ends dispute with Carphone Warehouse
2nd Jul 2009 13:39
Carphone Warehouse and Vodafone have ended their three year row over monthly contract sales. Vodafone stopped using the retailer for deals involving monthly contracts in October 2006, after it tied itself to an exclusive deal with Phones4U, Carphone's main high street rival. Vodafone will continue
Read moreThursday newspaper round-up: National Express, StanChart, Vodafone
2nd Jul 2009 06:17
National Express is heading for a major legal battle with the Government over the future of its two remaining rail franchises after ministers said they were taking control of the East Coast main line. Lord Adonis, the Transport Minister, triggered a furious row with the company by warning that the
Read moreLondon close: Late gains lift Footsie
29th Jun 2009 16:50
After a rather sluggish start to the day, Footsie ended with chunky gains, helped by buoyancy on Wall Street. Lloyds Banking topped the list of risers after Goldman Sachs raised its rating on the shares from "neutral" to "buy" and added them to its "conviction buy" list. Goldman Sachs has also lif
Read moreLondon afternoon: Financials spearhead the advance
29th Jun 2009 14:21
Banks and insurers lead the way as London continues its steady advance. Lloyds Banking tops the list of risers after Goldman Sachs raised its rating on the shares from "neutral" to "buy" and added them to its "Conviction Buy" list. Goldman Sachs has also lifted its target price from 61p to 107p, af
Read moreLondon midday: Lloyds leads banks higher
29th Jun 2009 11:51
Risers outnumber fallers by around three to one among Footsie constituents, as the index pushes ahead despite weakness among miners. Lloyds Banking tops the list of risers after Goldman Sachs raised its rating on the shares from "neutral" to "buy" and added them to its "Conviction Buy" list. Goldm
Read moreSector movers: Vodafone climbs amid talk of bid for T-Mobile
29th Jun 2009 09:55
Vodafone is lifting the mobile telecommunications sector higher amid talk it is mulling a bid for T-Mobile UK, the British wireless unit of Deutsche Telekom, according to press reports. The Financial Times is quoting people familiar with the situation as saying that the company is considering makin
Read moreVodafone said to weigh bid for T-Mobile
29th Jun 2009 08:43
Mobile phone giant Vodafone is mulling a bid for T-Mobile UK, the British wireless unit of Deutsche Telekom, according to press reports. The Financial Times is quoting people familiar with the situation as saying that the company is considering making an offer for T-Mobile UK, which has an estimate
Read moreLondon open: Footsie makes steady start
29th Jun 2009 08:32
London's blue chips have made a steady start with banks pushing on and insurers making gains. Lloyds and Barclays are both ahead with the new government paper on regulation of the sector likely soon and expected to see a defeat for the ideas of Bank of England governor Mervyn King. Outsource gian
Read moreMonday newspaper round-up: National Express, Vodafone, Madoff
29th Jun 2009 06:22
National Express has rejected an unsolicited takeover bid from its larger rival FirstGroup in a surprise development likely to put further pressure on the bus and rail operator. News of the board's decision to spurn the offer comes ahead of a trading update on Wednesday and only a week after the co
Read moreSector movers: Oil services stocks wanted
26th Jun 2009 11:28
Oil services group Petrofac, lifted yesterday by talk it may be taken over, is helping lift the oil equipment services sector higher. Velosi is top of the pile though. The oil rig safety consultant said on Wednesday that it had made a good start to 2009. Telecommunications stocks are out of favou
Read moreLondon close: Stocks finish lower
17th Jun 2009 16:31
London's leading shares have finished in the red, not getting any help from a mixed start on Wall Street. Miners dominated the fallers with Vedanta Resources, Kazakhmys, Antofagasta, Xstrata, Eurasian Natural Resource amongst the major sliders. Sainsbury's was one of the two non mining stocks to
Read moreSerco chief raises stake
16th Jun 2009 17:08
Serco chief executive Christopher Hyman has bought shares and exercised options in the support services firm. Hyman purchased 38,303 ordinary shares at a price of 404.50p per share, which are to be held as Investment Shares under the terms of the company's deferred bonus plan. In addition, Hyman e
Read moreSunday newspaper round-up: Barclays and Blackrock mull funds merger
7th Jun 2009 09:53
Barclays is finalising a deal to merge its $1trn (£625bn) fund management arm with BlackRock of the US. Details of the transaction are still being negotiated by the two sides, but it is likely to involve Barclays taking an economic interest in the combined fund management group of as much as 20%,
Read moreWednesday newspaper round-up: BP, Barclays, WPP
3rd Jun 2009 06:13
BP is preparing to shut its $18bn (£11bn) UK final salary pension scheme to new members, in the latest blow to generous retirement provision for Britain's workforce. BP was one of the few FTSE 100 blue-chip companies to maintain a final salary scheme for new recruits, the Times reports. Hugh Osmon
Read moreSunday newspaper round-up: General Motors, Vauxhall/Opel, BSkyB
31st May 2009 10:25
General Motors, once the largest company in the world, is expected to file for bankruptcy in a New York court tomorrow. Executives and politicians on both sides of the Atlantic are spending the weekend finalising details ahead of the historic capitulation that comes after months of talks and billion
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