FTSE 100 movers: RBS gains on privatisation plans, Sainsbury lifted by upgrade
11th Jun 2015 13:26
London markets were buoyed by positive sentiment from Greece and booming banking and food retail sectors on Thursday afternoon. As of 14:00 BST the FTSE 100 was trading 0.5% higher at 6,864. Royal Bank of Scotland surged as George Osborne announced the government will begin the process of return
Read moreLondon midday: Banks and supermarkets rise as Greek talks intensify
11th Jun 2015 11:23
Decent gains from banking and supermarket stocks helped the FTSE 100 rise on Thursday, as investors showed optimism about continuing talks between Greece and its creditors. RBS was among the best performers in London after the government announced plans to sell down its stake, while Sainsbury's was
Read moreVodafone launches home broadband and fixed line services
10th Jun 2015 10:40
Vodafone launched its high speed broadband and home phone services on Wednesday, offering discounted rates to existing customers. Vodafone Connect, which provide speeds of up 76 Mbps, will initially be offered to existing UK customers in Manchester, Berkshire and parts of Hampshire and Surrey, follo
Read moreBroker tips: Hargreaves Lansdown, Bellway, Vodafone
8th Jun 2015 17:14
RBC Capital Markets downgraded Hargreaves Lansdown to 'underperform' from 'sector perform' but raised the target price to 1,100p from 1,050p. It said that while Hargreaves remains a high-quality, well-managed company with an impressive ability to attract net inflows, the stock is now expensive histo
Read moreFTSE 100 movers: Diageo surges on bid speculation, miners lower
8th Jun 2015 13:49
UK stocks were trading slightly higher on Monday, led by strength in the telecommunications, construction and transport sectors. As of 15:15 BST, the FTSE 100 was trading 0.17% higher at 8,816. Diageo led the risers following media reports of bid interest over the weekend. 3G Capital, which is owne
Read moreVodafone upgraded to 'neutral' by Bank of America ML, says valuation in line with peers
8th Jun 2015 11:57
Bank of America Merrill Lynch (BoA) upgraded Vodafone to 'neutral' from 'underperform' and raised the price target to 252p from 223p, saying the stock's valuation, which is in line with peers, supports a more neutral stance. BoA said downside risks include a slower than expected recovery following d
Read moreMonday broker round-up
8th Jun 2015 08:04
Shire: Deutsche Bank reiterates buy recommendation and 6,000p target. Bellway: Deutsche Bank stays at hold with a 2,326p target price, Citi reiterates buy. Halfords: Deustche Bank remains at hold and ups target to 480p from 460p. Churchill Mining: Northland initiates coverage at 'speculative buy'.
Read moreVodafone drops as it quashes Liberty Global merger hopes
5th Jun 2015 08:02
Shares in Vodafone fell nearly 2% on Friday as the company quashed hopes of a merger with Liberty Global. Responding to recent media speculation, Vodafone said on Friday that is in early-stage talks with Liberty Global about a possible exchange of assets, but not regarding a merger. "There is no ce
Read moreVodafone may float Indian arm to raise $4bn as Liberty merger calls grow louder
26th May 2015 07:52
As speculation about a potential merger with John Malone's Liberty Global intensifies further, Vodafone has appointed advisers to examine a potential flotation of its Indian arm. The FTSE 100 telecoms giant was reported to be reviving its plans for an initial public offer (IPO) of the Indian unit, w
Read moreSunday newspaper round-up: Vodafone, National Grid, bank legal claims
24th May 2015 16:21
Several of Vodafone's major shareholders have urged the telecoms giant to pursue a merger with US-based Virgin Media owner Liberty Global and offload some of its overseas businesses. After Liberty's owner, US billionaire John Malone, dropped heavy hints about a potential deal, the Sunday Telegraph r
Read moreLondon close: Stocks hit two-week high as blue chips rise
22nd May 2015 16:36
UK stocks reached a two-week high on Friday on the back of decent performances from heavyweights Vodafone and HSBC, along with gains in defensive categories such as pharmaceuticals. Markets across Europe were struggling to push higher on concerns about Greece, while Wall Street opened in the red on
Read moreSector movers: Mining shares, Vodafone chatter edge FTSE 100 towards record high
22nd May 2015 13:46
Mining and telecommunications shares, with the latter led by Vodafone, edged the FTSE 100 towards a record high on Friday. With the weekend closing bell in sight, at 16:15 BST, the blue chip index was up 0.55% or 38.24 points at a fresh record high of 7051.71. Chatter over Vodafone's possible merger
Read moreFTSE 100 movers: Vodafone surges on continued merger speculation, miners higher
22nd May 2015 12:51
UK stocks were buoyed on Friday by higher commodity prices and data revealing the US had remained in deflation last month. Sector-wise gains made by miners, engineers and telecoms stocks outweighed weakness in technology and travel stocks. At 14:00 BST, the FTSE 100 was trading 37 points higher at 7
Read moreLondon midday: Stocks hold on to gains before US CPI, Vodafone continues to rise
22nd May 2015 11:23
UK stocks held on to gains on Friday ahead of some key economic data from the States, which is forecast to show that the US remained in deflation last month. Strong gains from Vodafone, HSBC and a host of stocks in the mining sector were supporting markets in London. The FTSE 100 was up 0.37% at 7,
Read moreLondon open: Vodafone, HSBC and miners lead UK stocks higher
22nd May 2015 08:41
UK stocks opened higher on Friday morning and were on track to hit a two-week high ahead of another busy day for economic data. The FTSE 100 was trading up 0.41% at 7,042.57 early on, helped by decent gains from blue chips Vodafone and HSBC and the heavyweight mining sector. The index has not close
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