Former Phones 4U bosses could face investigation
4th Nov 2014 16:16
One of America's biggest law firms is set to launch an investigation into the conduct of former Phones 4U directors. Quinn Emanuel Urquhart and Sullivan was appointed last week by PricewaterhouseCoopers (PwC), the firm's administrator, and will examine the actions of EE and Vodafone which decided ag
Read moreMonday newspaper round-up: Stress tests, Vodafone, Bank of England...
27th Oct 2014 06:54
One in five banks in Europe have failed 'stress tests' and been ordered to come up with nearly €10bn to plug a shortfall in their balance sheets, reports The Times. Italian banks came out worst in the review, with four being responsible for a €3.3bn shortfall. All of the British banks passed the tes
Read moreSector movers: Fixed-line telecoms fall as broker downgrades hit BT, Talktalk
24th Oct 2014 14:07
Fixed-line telecom stocks were the worst performers in London on Friday as broker downgrades weighed on heavyweight constituents BT Group and Talktalk. BT, by far the largest stock in the sector with a market capitalisation of nearly £31bn, was 2.4% lower at 367.6p in afternoon trade after Morgan St
Read moreVodafone PPP to support 30,000 Tanzanian farmers
14th Oct 2014 09:34
Vodafone's public-private partnership with the US Agency for International Development and Technoserve has announced an agreement that will support 30,000 Tanzanian farmers. The Connected Farmer Alliance (CFA) has launched its first commercial agreement to offer coffee, cotton and cocoa smallholder
Read moreFTSE 100 movers: Numis upgrades lift Randgold and Antofagasta
9th Oct 2014 15:36
Randgold Resources jumped after Numis upgraded the miner to 'buy' from 'add', while the same broker also gave sector peer Antofagasta a boost after upgrading it from 'reduce' to 'hold'. Fresnillo and Polymetal also gained as a weaker dollar prompted a jump in gold and silver prices. Rolls-Royce was
Read moreBroker tips: HSBC, Vodafone, Wood Group, Centamin, Miners
9th Oct 2014 13:03
Investec has upgraded HSBC, saying the banking group is regaining its appetite for lending. "We are mightily encouraged by evidence of returning risk appetite. We upgrade to 'add' from 'hold' and our target price to 650p from 620p," the broker said. Vodafone's recent share-price outperformance mean
Read moreVodafone hit by Nomura downgrade on competition concerns
9th Oct 2014 11:33
Vodafone's recent share-price outperformance means that the stock is now pricing in a recovery in its markets, something that Nomura reckons will be "slow to take hold". The broker downgraded its rating for the telecoms giant on Thursday from 'neutral' to 'reduce' and reduced its target price from 1
Read moreThursday broker round-up UPDATE
9th Oct 2014 09:27
African Barrick Gold: Numis reduces target price from 330p to 270p keeping its hold recommendation. Antofagasta: Numis upgrades to hold with a target price of 700p. Aureus Mining: Numis lowers target price from 45p to 40p staying with its buy recommendation. Boohoo: Barclays initiates with a targe
Read moreVodafone forms new partnership to develop 5G technology
25th Sep 2014 11:10
Telecoms giant Vodafone has partnered with Dresden University of Technology to research and develop 5G technology. The two will work together to explore the capabilities of 5G and establish technical guidelines for its development. The FTSE 100 company said the partnership was part of its global pr
Read moreMonday newspaper round-up: Phones 4u, Alibaba, Lloyds, Royal Bank of Scotland
22nd Sep 2014 07:09
Mobile operator EE is set to takeover about 60 shops from the stricken retailer Phones 4u, in a move that will save hundreds of jobs, The Guardian reports. Phones 4u entered administration last week, after EE cancelled its contract with the phone retailer just a few months after Vodafone had made a
Read moreLondon close: Stocks end slightly off ahead of Fed
17th Sep 2014 16:50
An injection of liquidity into Chinese banks failed to lift UK stocks on Wednesday, as investors treaded cautiously before a policy decision from the Federal Reserve. The FTSE 100 finished the session lower by 0.17% at 6,780.19, down from the 6,792.24 seen on Tuesday, its lowest close since 22 Augus
Read moreLondon midday: Miners lead UK stocks higher as investors await FOMC
17th Sep 2014 11:46
Stimulus measures in China helped UK stocks higher on Wednesday with the heavyweight mining sector on the rise, though gains were limited as investors treaded cautiously before a policy decision from the Federal Reserve. The FTSE 100 was trading up 0.15% at 6,803 by midday after settling at 6,792.24
Read moreLondon pre-open: Stocks expected to rise ahead of FOMC meeting
17th Sep 2014 07:30
UK stocks were expected to track gains on Wall Street to push higher on Wednesday as investors took an optimistic approach ahead of the Federal Open Market Committee (FOMC) meeting in the States. City sources predict the FTSE 100 will open around 16 points higher than Tuesday's close of 6,792.24. T
Read moreWednesday paper round-up: Scotland independence, Phones 4U, House prices...
17th Sep 2014 07:04
The funding of the NHS and the future constitution of the UK were at the centre of debate on Tuesday, as the referendum on Scottish independence edges closer. Labour leader Ed Miliband was in Edinburgh to argue for "more powers for a stronger Scotland as well as NHS funding guaranteed, [which has] t
Read moreVodafone, EE reportedly eyeing Phones 4U acquisition
17th Sep 2014 06:47
Just days after the collapse of mobile-phone retailer Phones 4U, Vodafone and EE have reportedly held talks with the administrator over potential purchases of parts of the company. The two networks operators, which contributed to the retailer going into administration after not renewing their contra
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