Ono takeover a 'vital strategic move' for Vodafone, says Jefferies
17th Mar 2014 09:12
Vodafone's 7.2bn-euro offer for Spanish telecoms group Ono is a "vital strategic move", according to Jefferies, which said that a stabilisation of the UK group's business in Spain is now possible. "The clear positive from this morning [...] is that VOD is addressing a key strategic weakness proacti
Read moreLondon open: Stocks gain after Crimea vote, housebuilders rise
17th Mar 2014 08:49
- Crimea votes overwhelmingly to rejoin Russia - FTSE 100 bounces after three per cent fall last week - Housing stocks gain on Help to Buy extension - Vodafone to buy Ono for 7.2bn euros techMARK 2,784.02 +0.68% FTSE 100 6,552.67 +0.38% FTSE 250 16,257.31 +0.82% UK equities were making decent gain
Read moreLondon pre-open: Investors await reaction to referendum on Crimea
17th Mar 2014 07:21
UK stocks are expected to open with little change as traders await to see what effect the result of the referendum on Crimea held over the weekend will have on other markets. City sources predict the FTSE 100 will open five points lower than Friday's close of 6,527.89. The Moscow-backed referendu
Read moreVodafone buys Spain's Grupo Corporativo Ono
17th Mar 2014 07:05
Vodafone has agreed to buy Grupo Corporativo Ono, Spain's largest next-generation network, for 7.2bn euros. The deal complements Vodafone Spain's network and will expand the company's reach in the European market. Vodafone expects to achieve cost and capital expenditure synergies with a run-rate o
Read moreSunday newspaper round-up: Tesco, Jimmy Choo, BHP Billiton
16th Mar 2014 17:50
Tesco is under pressure from investors to use "shock and awe" tactics to win the coming price war between supermarkets, the Sunday Times said. The call for aggressive action follows WM Morrison's announcement last week that it would spend £1bn over three years to attract customers back from Aldi and
Read moreVodafone picks up Ono for six billion pounds
14th Mar 2014 07:59
Vodafone reached a deal to acquire Spanish broadband telecommunications operator Ono, according to a report in Spanish newspaper Expansión. The investment funds that control the operator reportedly reached a "verbal" agreement to sell the company for €7.2bn (£6.01bn), that would include roughly €3
Read moreSpain's ONO slows IPO preparations as talks continue with Vodafone
14th Mar 2014 07:52
Spanish cable operator ONO is slowing preparations for its initial public offering Madrid in a bid to ease on-going negotiations with Vodafone regarding a possible buy-out bid, Bloomberg reports. AB
Read moreFTSE 100 movers: Rolls-Royce jumps on Daimler JV buy-out
10th Mar 2014 14:56
Rolls Royce was in the top spot today after a host of analysts lifted their target prices following the engine group's move last week to buy-out Daimler in their 50-50 joint venture, Rolls-Royce Power Systems (RRPS). After the close of trade on Friday, Rolls-Royce said that it is to buy the remain
Read moreLondon midday: Stocks edge higher despite weak Asian data
10th Mar 2014 11:40
- Mining stocks pare losses after Asian data - China registers surprise trade deficit - Japan GDP revised lower - Vodafone raising offer for Ono, reports say techMARK 2,863.88 +0.14% FTSE 100 6,724.00 +0.17% FTSE 250 16,590.48 +0.19% UK markets edged higher on Monday as bargain hunters stepped in
Read moreVodafone may have upped offer for Spain´s Ono to 7.5bn pounds
10th Mar 2014 09:35
Vodafone has reportedly reached a deal that could result in a higher purchase price than initially offered for Spanish broadband operator Ono. That follows the refusal of the Spanish telecom to entertain an initial offer of €6.9bn, having judged that the price was inadequate and stating that it wou
Read moreLondon close: Ukraine concerns drive stocks firmly lower
7th Mar 2014 16:59
- FTSE closes down 76 points - Ukraine continues to dent confidence - Copper prices hit by China worries techMARK 2,859.92 -0.95% FTSE 100 6,712.67 -1.12% FTSE 250 16,559.45 -0.67% UK stocks ended the week on a sour note, dragged lower by concerns surrounding Ukraine and Russia, together with fall
Read moreLondon midday: Stocks pare losses as investors await US non-farm payrolls
7th Mar 2014 11:43
- Markets await non-farm payrolls - 150k gain expected by analysts, jobless rate to hold steady - Broker comments move stocks amid lack of earnings - Heavyweight miners fall techMARK 2,880.97 -0.22% FTSE 100 6,780.62 -0.12% FTSE 250 16,648.67 -0.14% UK markets had trimmed earlier losses by Friday
Read moreLondon open: Stocks slip as investors await US jobs data
7th Mar 2014 08:28
- Markets await non-farm payrolls - 150k gain expected by analysts, jobless rate to hold steady - Lack of corporate earnings - HSBC, Vodafone fall on broker comments techMARK 2,873.63 -0.48% FTSE 100 6,766.04 -0.33% FTSE 250 16,620.60 -0.31% UK markets opened slightly lower on Friday morning ahead
Read moreFriday broker round-up UPDATE
28th Feb 2014 09:51
Barratt Developments: Liberum Capital ups target price from 430p to 468p and keeps a buy recommendation. Deutsche Bank takes target price from 394p to 452p and retains a buy recommendation. Citi raises target price from 390p to 460p and maintains its buy recommendation. Bodycote: FinnCap increases
Read moreBroker tips: Vodafone, Tesco, Taylor Wimpey
26th Feb 2014 12:50
Barclays sees several challenges ahead for Vodafone post-Verizon Wireless, not least increasingly tough European mobile trends for the group and how it can make best use of its underleveraged balance sheet. More intriguingly, there is the ongoing press speculation that a bid by AT&T is looming for
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