Oriel "cautiously" upgrades Vodafone to 'hold'
30th Jun 2014 10:31
Oriel Securities has raised its rating for Vodafone but said it is "cautiously upgrading to a 'hold' from 'reduce' with a number of uncertainties still ahead. The broker said "it's only about execution now" to convince shareholders that it is turning itself around in Europe. "No one expected VOD
Read moreAstraZeneca CFO adds £868,000-worth of shares
26th Jun 2014 16:06
The Chief Financial Officer of drug maker AstraZeneca has shown his faith in the group following a setback on Thursday, which saw an advisory committee to the US Food and Drug Association vote against the accelerated approval of its ovarian cancer treatment. Marc Dunoyer, who joined the company in
Read moreFTSE 100 movers: LSE and housebuilders lead as Barclays slumps
26th Jun 2014 15:53
LSE is spending $2.7bn in cash on buying Frank Russell Company in a deal that will combine the group's Russell and FTSE index businesses. Investors seemingly gave a thumbs up to the acquisition with shares rising strongly despite the announcement that it will be part-financed by a $1.6bn rights issu
Read moreLondon close: Stocks in holding pattern, watching Middle East and Ukraine
20th Jun 2014 16:59
- Slight rise in the FTSE 100 - Shire jumps after rejecting £27bn AbbVie proposal - TSB rises strongly after IPO - Iran still in the spotlight as Obama sends advisers techMARK 2,860.98 +1.67% FTSE 100 6,825.20 +0.25% FTSE 250 15,791.42 +0.69% UK stocks ended the day slightly higher as investors
Read moreFTSE 100 movers: Shire leaps after rejecting bid from AbbVie
20th Jun 2014 15:32
Shares in Shire surged after the pharmaceutical group rejected a £27bn takeover approach by AbbVie, saying it "fundamentally undervalued" the company and its prospects. Panmure Gordon hiked its target price for the stock on Friday, saying that the AbbVie's proposal was "barely adequate". The broke
Read moreLondon close: FTSE above 6,800, lifted by Fed, Rolls-Royce, housing stocks
19th Jun 2014 16:59
- FTSE closes up 29.55 points at 6,808.11 - Fed in focus - Shire, housing stocks lead techMARK 2,814.08 +0.33% FTSE 100 6,808.11 +0.44% FTSE 250 15,683.88 +0.38% Despite a drop in the final minutes of trade, the top tier index ended today's session above the 6,800 level, having been fairly steady
Read moreVodafone hit by network problems down under
19th Jun 2014 15:44
Telecoms giant Vodafone shares dropped on Thursday afternoon following reports its Australian network had suffered country-wide problems affecting calls, SMS and data services. Problems were also experienced by several other networks in the country. Vodafone is believed to have offered its custom
Read moreFTSE 100 movers: Rolls-Royce soars on £1bn buyback proposal
19th Jun 2014 15:17
Jet engine maker Rolls-Royce took off after pledging to buy back £1bn of shares if it succeeds in selling its energy gas turbine and compressor business to Germany's Siemens. The company also outlined plans to reduce capital spending in the next five years. Housing stocks were also rebounding after
Read moreBT best way to exploit fixed line and mobile tie-up, says Goldman
18th Jun 2014 11:51
BT and Virgin Media owner Liberty Global offer investors the best way to cash in on fixed-line telecom companies' assault on the mobile market, according to broker Goldman Sachs. Goldman said fixed-line players such as BT, which plans to launch business and household mobile products later this year
Read moreLondon open: UK stocks rise as investors await BoE minutes, Fed
18th Jun 2014 08:29
- Supermarkets, telecoms lift markets higher - Fed in focus ahead of policy decision - BoE minutes closely watch amid rate-hike speculation techMARK 2,801.10 +0.23% FTSE 100 6,787.81 +0.31% FTSE 250 15,598.89 +0.09% UK stocks markets were putting a decent performance on Wednesday, helped by gains
Read moreLondon close: Downbeat finish for FTSE as geopolitical tensions weigh
16th Jun 2014 16:59
- FTSE 100 closes 23.21 points lower at 6,754.64 - Iraq tensions escalate, oil prices rise - Bad new for UK high street techMARK 2,797.06 -0.64% FTSE 100 6,754.64 -0.34% FTSE 250 15,706.73 -0.68% London's blue chips ended today's session broadly lower, hit by weak investor sentiment amid mounting
Read moreFTSE 100 movers: Precious metals miners lead gains
16th Jun 2014 15:05
Fresnillo, Randgold Resources, Glencore, BHP Billiton and Anglo American were all tracking metals prices higher. Glencore was also lifted by Investec, which moved its target price from 302p to 319p and upgraded the stock from 'reduce' to 'hold'. Driven higher by supply concerns, rising oil prices
Read moreLondon pre-open: Iraq tensions to send FTSE lower early on
16th Jun 2014 07:40
The FTSE 100 looks set to start this week on the back foot as tensions in Iraq continued to escalate over the weekend. London's main index is predicted to open around 12 points lower, tracking losses in Asia overnight and extending its own losses seen on Friday, when it finished the week at 6,777.
Read moreVodafone to acquire Italian telematics firm Cobra
16th Jun 2014 07:08
Telecoms giant Vodafone is to take over Cobra Automotive Technologies, the Italian provider of security and telematics solutions to the automotive and insurance industries. Cobra provides vehicle manufacturers, dealerships and after-market customers with a range of products and services, including
Read moreFTSE 100 movers: Randgold tracks gold higher
11th Jun 2014 15:26
Mining group Randgold Resources was a top performer on Wednesday, carried on the back of a recovering gold price. J Sainsbury was also higher after coming in slightly ahead of expectations with a 1.1% first-quarter fall in like-for-like (LFL) retail sales, excluding fuel. Outgoing Chief Executive
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