London close: Vodafone drags FTSE into negative finish, CPI in focus
20th May 2014 16:59
- FTSE closes down 42.55 points at 6,802 - Vodafone and M&S miss expectations - CPI rises 0.2 percentage points in April to 1.8 per cent techMARK 2,706.50 -0.48% FTSE 100 6,802.00 -0.62% FTSE 250 15,440.25 +0.40% Significant falls by a number of blue chip heavyweights ensured a negative finish for
Read moreSector movers: Fixed line telecom up, mobile telecom down
20th May 2014 15:52
BT Group led fixed line telecommunication stocks higher after revealing plans to create 1,600 new engineering jobs as part of plans to roll out fibre broadband across the UK. BT's Openreach business on Monday said it expected a significant number of the new jobs to be filled by ex-servicemen and wo
Read moreFTSE 100 movers: Vodafone slides after results
20th May 2014 15:13
Vodafone was a notable faller today after it said earnings came in just shy of consensus forecasts in the year to end-March, though the mobile operator confirmed its expected final dividend of 7.47p per share. Group revenue sank 1.9% in line with the consensus to £43.6bn, with organic service reven
Read moreGoldman Sachs says Vodafone can return to growth but faces risks
20th May 2014 13:28
Vodafone can return to growth, but faces risks from regulation and competition, broker Goldman Sachs said. The mobile phone operator on Tuesday reported a mixed performance in the year to March, with competitive, regulatory and macroeconomic pressures sparking several write-downs in Europe, where i
Read moreLondon midday: Stocks down slightly after CPI data
20th May 2014 12:00
- CPI above forecasts due to impact of Easter - China faces arduous task meeting growth target - Russia being pulled into a second Cold War techMARK 2,716.85 -0.10% FTSE 100 6,814.89 -0.43% FTSE 250 15,454.01 +0.48% Stocks were holding slightly lower come midday following the release of a bit high
Read moreLondon open: Russia has prepared retaliatory sanctions, Medvedev says
20th May 2014 08:59
- China faces arduous task meeting growth target - Russia being pulled into a second Cold War - New blood at the Bank of England may be a good thing, FT writes techMARK 2,718.30 -0.04% FTSE 100 6,828.87 -0.23% FTSE 250 15,474.82 +0.62% Stocks moved slightly lower after China's Commerce Ministry sa
Read moreVodafone earnings compressed as Europe weighs - UPDATE
20th May 2014 07:09
- Revenue in line, down 1.9 per cent - EBITDA miss, down 7.4 per cent - FY dividend of 11p confirmed Vodafone's earnings fell just shy of consensus forecasts in the year to end-March, though the mobile operator confirmed its expected final dividend of 7.47p per share. Chief Executive Vittorio Cola
Read moreSector movers: Vodafone, TalkTalk, Carphone Warehouse drag telecoms lower
15th May 2014 15:20
Telecoms were trading with steep losses on Thursday with heavyweights Vodafone, TalkTalk and Carphone Warehouse pulling the sector lower. Vodafone's shares were under pressure, trading 3.2% lower, after Goldman Sachs cut its recommendation for the stock from 'buy' to 'neutral' and reduced its targe
Read moreBroker tips: LSE, Aviva, Vodafone...
15th May 2014 13:01
Numis Securities has upgraded bourses operator London Stock Exchange from 'hold' to 'add' after the company identified more cost savings from its recent acquisition of LCH.Clearnet. "The strategic development of the LSE continues and we believe the LSE is well placed to take advantage of the global
Read moreLondon midday: Markets post small gains amid earnings, ECB speculation
15th May 2014 11:43
- ECB speculation picks up after weak GDP - LSE jumps after strong annual results - Aviva, Old Mutual disappoint with earnings - Thomas Cook leads travel sector lower techMARK 2,781.23 -0.42% FTSE 100 6,889.08 +0.15% FTSE 250 15,857.35 -0.73% UK stocks were fluctuating at 14-year highs on Thursday
Read moreGoldman downgrades Vodafone, UBS cuts target price
15th May 2014 11:12
Vodafone's shares were under pressure on Thursday after a Goldman Sachs downgrade and a target price cut from UBS. Goldman has cut its recommendation for the stock from 'buy' to 'neutral' and reduced its target for the shares from 270p to 240p ahead of the company's fourth-quarter results due out n
Read moreThursday broker round-up UPDATE
15th May 2014 09:43
Anglo American: Credit Suisse ups target price from 1800p to 1850p downgrading to neutral. ASOS: Berenberg initiates with a target price of 5350p and a buy recommendation. Barclays: Jefferies lowers target price from 345p to 325p, while staying with its buy recommendation. Bioquell: N+1 Singer pl
Read moreLondon open: LSE leads stocks higher as FTSE 100 extends gains
15th May 2014 08:40
- LSE leads financial stocks higher - Dixons and Carphone announce 3.8bn-pound merger - Data-heavy session ahead - Japanese GDP surges in first quarter techMARK 2,794.14 +0.04% FTSE 100 6,886.04 +0.11% FTSE 250 15,984.75 +0.06% Strong gains from London Stock Exchange (LSE) and a merger between Dix
Read moreFTSE 100 movers: Housebuilders lifted by Taylor Wimpey, easyJet slides
13th May 2014 14:39
Barratt Developments and Persimmon tracked sector peer Taylor Wimpey higher, which rose after giving a bullish outlook alongside a 'new and enhanced set of financial targets'. AstraZeneca was also higher after reiterating its defence to an attempted takeover by US rival Pfizer. AstraZeneca said Pf
Read moreLondon open: Ukraine concerns dampen stocks early on
7th May 2014 09:25
- L&G, G4S, Sainsbury and ITV lead risers - WM Morrison, ex-div stock provide a drag - Ukraine tensions continue to rise - Markets nervous ahead of Yellen speech techMARK 2,784.08 -0.29% FTSE 100 6,774.00 -0.36% FTSE 250 15,870.07 -0.43% Ongoing tensions in Ukraine and a host of mixed corporate ea
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