Vodafone could return to organic growth this quarter, says UBS
6th Feb 2015 09:55
UBS has reiterated its 'buy' rating on Vodafone after the telecoms stocks after the group showed that its turnaround had continued in the third quarter. The bank kept a 265p target price for the stock, which remains one of its "preferred picks" in the sector. Organic service revenues in the three m
Read moreLondon close: Stocks end slightly higher despite mixed Eurozone news
5th Feb 2015 17:20
Mixed newsflow from the Eurozone kept financial markets busy on Thursday, though a late rally pushed UK stocks into positive territory by the close. London's FTSE 100 finished the day up just 0.1% at 6,866, but had bounced strongly after hitting an intraday low of 6,808.19. The European Central Ban
Read moreFTSE 100 movers: BT higher on EE takeover Easyjet nosedives on weak passenger numbers
5th Feb 2015 14:55
BT surged after confirming reports it has settled on terms of its acquisition of EE from Deutsche Telekom and Orange, saying it will be spending £12.5bn on the UK mobile network. The deal will be financed by new debt and a £1bn placing of its shares and will result in Deutsche Telekom and Orange tak
Read moreLondon midday: Stocks retreat as Greek concerns rise
5th Feb 2015 12:08
UK stocks fell for a second day on Thursday as optimism surrounding the situation in Greece began to fade and a raft of corporate earnings and updates received a mixed reaction from the market. London's FTSE 100 was down 0.4% at 6,830 by midday, though had bounced off a low of 6,808.19 reached early
Read moreLondon open: UK stocks fall as Greek optimism fades, corporate earnings mixed
5th Feb 2015 09:09
UK stocks declined on Thursday as newsflow from Greece prompted an element of caution on financial markets, as the FTSE 100 continued to retreat from a five-month high. London's blue chip index was down 0.4% at 6,836 early on, with updates from a number of blue chips receiving a mixed reaction from
Read moreVodafone beats estimates as organic revenue trends improve in Q3
5th Feb 2015 07:47
Vodafone dialed in a smaller-than-expected decline in organic service revenues in the third quarter thanks to a steady recovery in Europe and a return to growth in the UK, keeping full-year profit guidance in line. Group revenues totalled £10.88bn in the three months to 31 December 2014, up 13.5% ov
Read moreUK dividend payouts to increase in 2015, boosted by surging dollar
26th Jan 2015 15:26
Companies in the UK are set to pay out more on dividends this year, according to Capita's January dividend monitor, with Big Oil remaining a sector where the dividend is sacrosanct. Firms will boost their regular dividends by 5.7% to reach £83.6bn and may even top 7%, were it not for Vodafone, whic
Read moreVodafone and Japan's NTT Docomo extend coverage in Asia Pacific
26th Jan 2015 08:05
Vodafone and Japanese mobile phone operator NTT Docomo took the next step in their strategic partnership on Monday with a new partner market agreement for Guam and the Commonwealth of the Northern Mariana Islands (CNMI). NTT Docomo subsidiary Docomo Pacific has taken centre stage in the non-equity p
Read moreLondon close: Stocks at highest since September on ECB optimism, upbeat data
23rd Jan 2015 17:08
UK stocks pushed higher on Friday, finishing at levels not seen in over four months, lifted by improving economic data and continued optimism surrounding a massive bond-buying plan by the European Central Bank (ECB). The FTSE 100 settled up 0.5% at 6,832.83 by the end of the session despite heavy fa
Read moreBroker tips: Vodafone, EnQuest, Vedanta Resources
23rd Jan 2015 16:10
The decline in organic revenues at Vodafone continued to ease in its third quarter, according to UBS, which hailed the telecom giant's "good progress in key markets". The bank reiterated its 'buy' stance and 265p target price for the stock, saying that third-quarter results due 5 February should sho
Read moreLondon midday: Stocks extend post-ECB rally as UK retail data beats forecasts
23rd Jan 2015 11:29
UK stocks were up on Friday morning after data showed an unexpected rise in retail sales, though gains were modest with markets already trading at a four-month high following a €1.1trn stimulus plan in Europe. London's FTSE 100 was up 0.2% at 6,812 by midday, after finishing the previous session at
Read moreLondon open: Stocks extend rally post ECB, but mining shares fall
23rd Jan 2015 09:14
UK stocks were extending gains on Friday morning despite weakness in the mining sector, as sentiment continued to be boosted by the announcement of a €1.1trn stimulus package in the Eurozone. The FTSE 100 was up 0.5% at 6,832 early on after finishing the previous session at 6,796.60, its best finish
Read moreFTSE 100 movers: Pearson soars on higher-than-expected profits, Sports Direct sinks on share sales
21st Jan 2015 14:18
Pearson, the Financial Times and education publisher, rose strongly after guiding to higher profits in 2015 as it maintained its forecast for results last year. Adjusted earnings per share should rise to 75p-80p this year, compared with an estimated 66p in 2014. Vodafone was also among the risers
Read moreSunday share tips: Mitie, UK Mail, Vodafone
18th Jan 2015 18:44
Mitie's shares have fallen but not as fast as those of outsourcing rivals such as Serco and Balfour Beatty, Danny Fortson pointed out in the Sunday Times. Matthew Earl, a former City analyst who writes a blog, criticised Mitie for buying companies to compensate for its own slow progress and for the
Read moreFriday tips round-up: Associated British Foods, Income stocks
17th Jan 2015 00:50
Discount clothing brand Primark has been the main engine behind the rise in shares of Associated British Foods. However, as the unit's rapid rate of growth in both profits and revenues has slowed down so too the company's stock has fast become overvalued. Over the last five years the shares have ris
Read more