London open: Stocks rise but upside limited ahead of busy session
6th Feb 2014 08:29
- Stocks await economic data, policy decisions - ECB rate cut on the cards - Blue-chip updates come in mixed techMARK 2,750.64 +0.21% FTSE 100 6,465.58 +0.12% FTSE 250 15,605.64 +0.28% UK markets opened with small gains on Thursday morning as investors reacted to a number of blue-chip results, th
Read moreVodafone's third-quarter revenue falls
6th Feb 2014 07:48
- Revenue falls by 3.6 per cent - Tough European conditions and competitive pressures - 4G expected to boost results Vodafone's third-quarter revenue dropped 3.6 per cent to 11bn pounds, reflecting challenging trading conditions in Europe and competitive pressures. Organic service revenue in the U
Read moreFTSE 100 movers: Prudential climbs on broker rating
4th Feb 2014 15:44
Prudential rose strongly after broker Sanford C. Bernstein reiterated its 'outperform' rating on the stock, which came one day after Societe Generale restated its 'buy' rating on the life insurance and financial services company. Fellow financial Aberdeen Asset Management and Hargreaves Lansdown w
Read moreSector movers: ARM drags tech stocks lower after royalty miss
4th Feb 2014 15:12
A negative reaction to results from ARM Holdings dragged the technology sector lower on Tuesday as weak royalty revenue growth once again disappointed investors. The chip designer beat headline forecasts with fourth-quarter revenue rising 15.3% year-on-year to $302.9m, compared with the consensus e
Read moreBroker tips: BP, ARM, Vodafone, Sainsbury
4th Feb 2014 12:19
Investec has maintained its 'hold' recommendation for oil giant BP, labelling the company's full-year results as 'weak'. "As the only one of the three UK majors not to warn on profits and/or guidance, BP looks like the undisputed champion in Q4," said Analyst Neill Morton. "However, this should not
Read moreBroker snap: Chance of AT&T bid for Vodafone 'slipping', says Credit Suisse
4th Feb 2014 10:24
The probability of an AT&T bid for Vodafone is 'slipping', according to analysts at Credit Suisse, who said that the outlook for the US mobile market is worsening. AT&T released a statement last week ruling out an imminent bid for its UK rival following months of speculation about its interest in t
Read moreSector movers: Lloyds and Vodafone weigh on their sectors
3rd Feb 2014 16:50
Financial stocks took a hit after the European Central Bank said the largest banks in the euro-area will be required to prove their capital will not drop below 5.5% of their assets in the event of an economic crisis. Shares of Barclays and RBS were weighed down by the news, with the bank sector endi
Read moreLondon close: Risk aversion moves up a notch, traders skittish
3rd Feb 2014 16:46
- US ISM manufacturing index surprises sharply on the downside, weather cited - Footsie finds supoort at 200-day moving average - Lloyds dives on PPI bill update, dividend plans - Chinese data just in line Market Movers techMARK 2,766.78 -0.29% FTSE 100 6,460.48 -0.77% FTSE 250 15,552.68 -0.78% Th
Read moreFTSE 100 movers: Randgold cheers with strong update
3rd Feb 2014 14:52
Randgold Resources was the strongest riser after it said it hit targets for 2013, boosted gold production to a new record level and expects output to rise over the next five years. Production for the quarter and year to December rose 20 per cent and 15 per cent respectively, in line with the company
Read moreLondon midday: Investors waiting on raft of new data
3rd Feb 2014 11:43
- Slight fall in Footsie - Lloyds dives on PPI bill update, dividend plans - Chinese data just in line - Eurozone manufacturing may relieve pressure on ECB, some say The FTSE 100 was dipping slightly into the red come midday, buoyed by its proximity to important levels of so-called 'technical suppo
Read moreSunday newspaper round-up: RBS, Centrica, Vodafone
2nd Feb 2014 17:27
The Bank of England will question Royal Bank of Scotland over its capital position in the next two weeks, the Sunday Telegraph reported. The BoE's Prudential Regulatory Authority arm will call in RBS boss Ross McEwan to check on the bank's capital strength in light of his strategy review, due Februa
Read moreAT&T could still bid for Vodafone - FT's Lex
28th Jan 2014 14:45
It may be too early to call time on a potential bid by America's AT&T for British mobile operator Vodafone, according to an influential UK newspaper investment column. AT&T announced on Monday that it did not intend to make a bid for Vodafone after speculation in the British weekend press that it w
Read moreLondon close: FTSE 100 drops 1.7 per cent as sell-off continues
27th Jan 2014 16:45
- BG Group plummets on gloomy guidance - AT&T rules out Vodafone bid - RBS reveals more provisions for new claims - FTSE 100 at lowest since mid-December techMARK 2,761.91 -1.00% FTSE 100 6,550.66 -1.70% FTSE 250 15,528.21 -1.12% UK markets dropped to their lowest levels in nearly six weeks on Mon
Read moreFTSE 100 movers: Takeover speculation drives utilities higher
27th Jan 2014 15:55
United Utilities and Severn Trent both climbed on takeover speculation, with the FT's Alphaville blog referencing rumours of a possible private equity bid out of Canada for either one. BSkyB was performing strongly ahead of Thursday's second quarter update, with investors stocking up amid M&A chat
Read moreSector movers: Vodafone sinks mobile telecoms as AT&T rules out bid
27th Jan 2014 15:30
The news that AT&T has ruled out a takeover bid for Vodafone sparked a big drop in the UK group's share price on Monday, sending the mobile telecommunications sector to the bottom of the pile. At the request of the UK Takeover Panel, US telecoms giant AT&T released a statement quashing recent media
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