Thursday broker round-up UPDATE
20th Feb 2014 08:49
Anglo American: Jefferies increases target price from 1450p to 1700p maintaining a neutral rating. BHP Billiton: Jefferies takes target price from 2300p to 2400p and stays with its buy recommendation. Big Yellow Group: Jefferies raises target price from 540p to 618p and retains a buy recommendatio
Read moreThursday newspaper round-up: RBS, tapering, Facebook
20th Feb 2014 07:44
Royal Bank of Scotland has continued the cutback of its investment banking arm with the sale of the business's equity derivatives operations to a French rival. RBS said it had reached a deal with BNP Paribas to sell its structured retail products and equity derivatives to France's largest banking gr
Read moreWednesday broker round-up UPDATE
19th Feb 2014 08:33
Anite: Panmure Gordon lowers target price from 146p to 139p, while leaving its buy recommendation unaltered. Bank of Georgia: Canaccord Genuity increases target price from 2100p to 2400p, while leaving its hold recommendation unchanged. BHP Billiton: Investec raises target price from 1926p to 1985
Read moreVodafone details share consolidation for Verizon deal
19th Feb 2014 07:56
Vodafone announced Wednesday that its shareholders will receive 0.026 Verizon Communications shares for every Vodafone share for the sale of the telecom giant's stake in its joint-venture Verizon Wireless. The shares will be consolidated on February 24th at a ratio of six new shares for every exis
Read moreAvanti Communications wins three-year 3G deal with Vodafone
19th Feb 2014 07:16
Telecoms services and satellite group Avanti Communications has won a three-year contract with Vodafone. Avanti, which has a market capitalisation of around £230m, said on Wednesday that it has signed an agreement to supply 3G IP backhaul services in Europe to the telecoms heavyweight. David Willi
Read moreBT brand shows most growth in 2013
18th Feb 2014 15:49
BT had the most successful year of growth of all British brands, findings by the Brand Finance Global 500 survey showed Tuesday. The annual study found that BT's brand value soared 70% to £9.3bn in 2013. "Its content focused strategy, investing huge sums in Rugby and in particular Premier League
Read moreUK stocks end on a high after quiet session
17th Feb 2014 16:23
- FTSE closes up 72 points at 6,736 - Hammerson and RSA lead risers - UK inflation due out tomorrow - House prices up 3.3 per cent in February techMARK 2,857.31 +0.90% FTSE 100 6,736.00 +1.09% FTSE 250 16,244.71 +0.83% Stocks ended the day with strong gains, driven by both Hammerson and RSA Insur
Read moreSector movers: Telecom stocks rise while aerospace falls
17th Feb 2014 15:18
Vodafone led telecom stocks higher on Monday as the operator achieved a 500,000 customer milestone following the launch of 4G six months ago. Sector peer Telecom Plus gained after saying it will increase its annual dividend by 13% to 35p as the utility services provider is confident of achieving pr
Read moreMonday broker round-up UPDATE
17th Feb 2014 08:23
Aberdeen Asset Management: Goldman Sachs lowers target price from 600p to 540p, while its buy recommendation is kept. Anglo American: Deutsche Bank cuts target price from 1500p to 1460p, while leaving its hold recommendation unchanged. Credit Suisse raises target price from 1650p to 1900p upgrading
Read moreFootsie lifted by Eurozone GDP and miners
14th Feb 2014 16:12
- Eurozone GDP beats expectations - Fresnillo in top spot - UK construction output rises 0.2 per cent in Q4 techMARK 2,831.77 +0.28% FTSE 100 6,663.62 +0.06% FTSE 250 16,110.62 +0.51% The FTSE closed marginally higher today, lifted by figures which revealed better-than-expected growth across the E
Read moreFTSE 100 movers: Fresnillo rises on positive gold outlook
14th Feb 2014 14:18
Precious metals producer Fresnillo rose strongly today, lifted by a prediction from Capital Economics, which said it believes that despite the gold price rising almost 10 per cent since the start of 2014, bullion will see more gains over the course of the year. The research firm said that while th
Read moreVodafone India acquires multiple spectrum licences
14th Feb 2014 07:56
Vodafone's Indian arm has acquired spectrum licences in 11 telecom circles in the government's 900 megahertz (MHz) and 1800 MHz spectrum auctions. Vodafone acquired a total of 72 MHz for £1.9bn, of which £0.54m will be paid in the 2014 financial year and the remainder from 2017 onwards. Vodafo
Read moreFriday newspaper round-up: Vodafone, Shell, Pound
14th Feb 2014 07:26
Britain's biggest telecoms company is to have a new auditor for the first time since floating on the stock market in 1988. Vodafone will end its 26-year relationship with Deloitte, handing its audit mandate to PwC, one of the firm's "Big Four" rivals and the auditor of more FTSE 100 companies than a
Read moreFlat start for FTSE as Eurozone GDP figures released
14th Feb 2014 07:14
- US data comes in below expectations - All eyes on Eurzone Q4 GDP figures - Flat state expected on FTSE A flat start is expected on today's FTSE as investors weigh up poor data from the US with expectations for today's Eurozone gross domestic product (GDP). Data out yesterday showed that US reta
Read moreThursday newspaper round-up: RBS, DX Group, Vodafone...
13th Feb 2014 07:19
Shareholders in Royal Bank of Scotland waiting on the sidelines of a looming multibillion-pound court battle against the bank must put up or shut up, the judge overseeing the case warned yesterday. Mr Justice Hildyard said that the time was "fast approaching" when the case should ignore the wishes o
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