London midday: Airlines and engineers weigh on FTSE 100
11th Jun 2014 11:26
- Lufthansa profit warning hits airline stocks - Rolls-Royce falls as Emirates cancels order - UK unemployment falls, wage growth slows - World Bank cuts growth forecasts techMARK 2,839.77 -0.68% FTSE 100 6,838.15 -0.52% FTSE 250 16,031.19 -1.11% Mixed labour-market data, a growth downgrade from t
Read moreLondon open: Lack of catalysts sends UK stocks lower early on
11th Jun 2014 08:46
- Markets fall as traders await catalysts - Sainsbury's gains despite drop in Q1 LFL sales - Rolls-Royce hit by Emirates order cancellation techMARK 2,846.37 -0.45% FTSE 100 6,855.44 -0.26% FTSE 250 16,103.59 -0.66% UK stocks edged lower on Wednesday as markets continue to struggle for direction w
Read moreVodafone spills beans on government surveillance of citizens
6th Jun 2014 17:38
Vodafone has revealed how government agencies around the world, including those in the UK, are spying on their citizens. In report that unveils the global extent of government surveillance, Vodafone said security services should not be snooping on people's data just because it is possible. The co
Read moreFriday broker round-up UPDATE
6th Jun 2014 09:38
African Minerals: Investec places both its target price (prev.: 189p) and its buy recommendation under review. ASOS: JP Morgan reduces target price from 6600p to 4259p and retains its overweight rating. Citi reduces target price from 7000p to 3700p, while leaving its buy recommendation unchanged. D
Read moreOfcom announces plans to reduce mobile connection costs for consumers
4th Jun 2014 11:09
Ofcom has unveiled new proposals that would reduce the wholesale cost of connecting mobile phone calls. The telecoms regulator explained that under the planned changes, the charges imposed on calls made to different networks would results in cheaper consumer bills. Ofcom said that since its last
Read moreMitie extends partnership with Vodafone
4th Jun 2014 10:37
FTSE 250 outsourcing company Mitie has extended its links with the UK arm of communications giant Vodafone with a five-year property services deal. Under the contract worth more than £250m, Mitie will provide services across Vodafone's 1,500 UK sites, including shops, mobile telephone exchange si
Read moreVodafone teams up with Canada's Rogers Communications
3rd Jun 2014 13:43
Vodafone and Rogers Communications, a Canadian communications and media company, have formed a new partnership. Under the non-equity agreement, Rogers will become Vodafone's exclusive partner in Canada, together seeking out new business opportunities and delivering a range of products and services
Read moreVodafone may sell assets outside big six markets, says UBS
2nd Jun 2014 10:52
Vodafone may sell assets outside its "big six" markets as Europe consolidates, Swiss broker UBS said on Monday. UBS said it believed the mobile phone operator would consider divesting "a handful of smaller assets" outside markets where it can be a clear market leader or number two, where it can off
Read moreBroker tips: LSE, Vodafone, BT Group, AVEVA
28th May 2014 12:30
Credit Suisse has added London Stock Exchange (LSE) to its 'Focus List', saying it expects a re-rating of the stock over time if the possible acquisition of Russell Investments is completed. The bank has set a 2,220p target price for LSE's shares, at which level they would trade at around 17 times
Read moreBerenberg downgrades Vodafone on limited upside
28th May 2014 12:10
Berenberg has downgraded its recommendation for telecoms giant Vodafone from 'buy' to 'hold', saying it sees limited upside for the stock. The broker has slashed its target price for the stock from 265p to 214p after it reduced its operating profit forecasts by around 5% on an organic basis. Howev
Read moreWednesday broker round-up UPDATE
28th May 2014 09:57
Accesso Technology Group: Numis initiates with a target price of 690p and a buy recommendation. Alternative Networks: Westhouse Securities upgrades from add to buy with a target price of 540p. Astra Zeneca: Deutsche Bank raises target price from 3800p to 3950p and keeps a hold recommendation. AVE
Read moreSunday share tips: United Utilities, TV and telecoms, Cranswick
25th May 2014 10:52
United Utilities faces regulatory wrangling and rising interest rates, making its shares no better than a hold, the Sunday Telegraph's Questor column said. The water company has reported rising profits, strong cash flows and dividend increases linked to inflation. But in future it is up against a re
Read moreFriday broker round-up UPDATE
23rd May 2014 09:53
Admiral Group: JP Morgan raises target price from 1022p to 1164p, while staying with its underweight rating. Antofagasta: Investec cuts target price from 715p to 690p and leaves its sell recommendation unchanged. Assura Group: Liberum Capital shifts target price from 44p to 47p and stays with its
Read moreLondon open: Stocks drift lower after BoJ holds policy steady
21st May 2014 09:02
- Petrofac leads gains after Barclays upgrade - Dollar/yen trading below 101 - Russian troops have yet to pull back, negotiations ongoing in Ukraine techMARK 2,710.51 +0.15% FTSE 100 6,801.35 -0.01% FTSE 250 15,467.06 +0.17% Stocks were trading slightly lower little over an hour after the start of
Read moreWednesday tips round-up: Vodafone, Topps Tiles
21st May 2014 06:41
Shares in the UK's largest tile and wooden flooring specialist, Topps Tiles, have not escaped the sell-off which has laid many small company shares low since the start of March. As the company explained to investors on Tuesday, however, it has enjoyed a 'good start' to the second half. Boosted by hi
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