Sector movers: Electronic and real estate stocks slide
25th Jul 2014 14:54
Real estate stocks declined, led by Hammerson and British Land, after a report showed UK house prices grew at the slowest pace in 18 months in July. Hometrack said property prices increased by 0.1% this month, down from 0.3% in June and 0.5% in May. House prices in London stalled in July, recording
Read moreLondon midday: FTSE in red despite GDP data, RBS results
25th Jul 2014 12:05
- FTSE down 8.42 at 6,813.04 - Q2 GDP in line with expectations at 0.8% - RBS leads, BSkyB in bottom spot - Carillion and Balfour in merger talks techMARK 2,810.19 -0.42% FTSE 100 6,814.09 -0.11% FTSE 250 15,740.00 -0.06% London's blue chips remained in the red by lunchtime despite a strong perfor
Read moreLondon open: RBS gains limit losses on FTSE
25th Jul 2014 09:06
- Initial losses largely reversed - RBS leaps after surprise H1 profit - Eyes on UK Q2 GDP techMARK 2,814.40 -0.27% FTSE 100 6,815.84 -0.08% FTSE 250 15,757.37 +0.06% The FTSE opened in the red but losses were largely reversed following a surprise first-half profit from Royal Bank of Scotland, wh
Read moreVodafone extends tender offer period for Cobra
25th Jul 2014 08:07
Vodafone on Friday said it had extended its voluntary tender offer for Cobra Automotive Technologies by five trading days. The extension gives Cobra shareholders until August 1st to tender their shares for sale. NR
Read moreVodafone Q1 revenue falls 4.4% - UPDATE
25th Jul 2014 07:08
Telecoms giant Vodafone pleased investors with its quarterly performance on Friday after an improvement in service revenue in Africa, the Middle East and Asia Pacific partly offset declines in Europe. Overall, group service revenue fell 4.2% to £9,446m, as anticipated, while organic group revenue
Read moreTuesday broker round-up UPDATE
22nd Jul 2014 09:37
Abcam: N+1 Singer places both its target price (prev.: 346p) and its sell recommendation under review. Amiad Water Systems: Oriel lowers target price from 350p to 340p and retains a buy recommendation. Ashmore Group: Espirito Santo ups target price from 371p to 404p, while downgrading to neutral.
Read moreVodafone signs fibre sharing agreement with Portugal Telecom
21st Jul 2014 10:05
Vodafone Group's Portugal division has signed a deal with Portugal Telecom to deploy and share fibre networks to 900,000 homes in Portugal. The company's agreement, via its Vodafone Portugal arm, will run for 25 years from December. Vodafone Portugal and Portugal Telecom will offer high-speed data
Read moreMonday broker round-up UPDATE
21st Jul 2014 09:29
APR Energy: Liberum Capital reduces target price from 735p to 385p and stays with its sell recommendation. Avanti Communications Group: Jefferies reduces target price from 580p to 250p and downgrades to hold. Dialight: Canaccord Genuity raises target price from 1000p to 1100p and retains a buy rec
Read moreLondon pre-open: Modest rise after Fed minutes, ahead of BoE rate decision
10th Jul 2014 07:44
A modest rise is expected amongst London's blue chips this morning, tracking stronger gains seen across the Pond last night following the release of the Federal Reserve's minutes from its meeting last month. The minutes indicated that officials were sanguine about holding their current policy cours
Read moreVodafone to expand into Papua New Guinea, Solomon Islands
10th Jul 2014 07:37
Telecoms behemoth Vodafone has signed a new partnership deal with Bemobile, which will become its exclusive partner in Papua New Guinea and the Solomon Islands. Under the Partner Market agreement, Bemobile, which trades as "bmobile", the two companies will jointly offer business and consumer custo
Read moreVodafone gains approval for Cobra acquisition
3rd Jul 2014 12:24
Vodafone has taken a step further with its offer for Cobra Automotives after the company received approval from Consob, the Italian regulator. The group, which announced its intention to acquire Cobra in mid-June, made a voluntary tender offer of €1.49 per share in cash, which valued the company a
Read moreThursday newspaper round-up: Manipulation, Bank of England, Gold
3rd Jul 2014 07:27
Regulators are under pressure to open an investigation into the suspected manipulation of the closing prices of ordinary shares traded in London after it was claimed in Parliament yesterday that attempted market abuse was rife. Andrew Tyrie, the Chairman of the Treasury select committee, said all co
Read moreVodafone and ESB to create €450m fibre network across Ireland
2nd Jul 2014 13:19
Vodafone and Irish energy company ESB are to invest €450m in a 100% fibre optic network across Ireland in an effort to make the nation one of the world's fastest broadband countries. The 50:50 joint venture between the two groups, subject to approval from the European Commission, will start rolling
Read moreVodafone sells entire stake in Fiji business
1st Jul 2014 08:46
Telecoms group Vodafone has disposed of its 49% stake in Vodafone Fiji for around £51m in cash. The stake was purchased by the Fiji National Provident Fund. The company said it anticipated maintaining a presence in Fiji through a partner market agreement. NR
Read moreBroker tips: Housebuilders, Vodafone, Next, Interserve
30th Jun 2014 12:32
Investors should switch their preference from housebuilders to contractors, according to Westhouse Securities, which said it sees downside risks in the housing sector. The broker recommended using a recent rally as a "selling opportunity for housing-related stocks", including merchants, distributor
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