Tuesday newspaper round-up: BHP Billiton, Pay-outs, Merlin Entertainments
22nd Oct 2013 07:29
BHP Billiton is in demand this morning after the Australian miner said it was lifting its full-year iron ore production forecast due to resurgent demand in China. The miner's shares have risen 1.7 per cent after it said it now expects to produce 212mn tonnes of iron ore this financial year against p
Read moreVodafone Group settles takeover of Kabel Deutschland
14th Oct 2013 14:27
Telecoms giant Vodafone Group has announced that its subsidiary's takeover of Kabel Deutschland has been settled. Vodafone Vierte Verwaltungs completed the $6.6bn takeover on October 14th and now holds 76.57% of the share capital. Vodafone will now generate £9.8bn of its revenues from Germany.
Read moreVodafone and Verizon pondered merger before wireless deal
10th Oct 2013 10:41
As part of negotiations for their jointly owned wireless business, it has emerged that Vodafone boss Vittorio Colao proposed a merger with US co-owner Verizon instead of a sale. Ahead of a shareholder vote on the $130bn deal, Verizon made a regulatory submission late on Wednesday that revealed a J
Read moreInterview - Ronnie Chopra gives his view on some fund managers´ favourite picks
8th Oct 2013 14:29
Most market participants are wary of taking any positions until the outcome of the budget negotiations Stateside is clearer. Hence, it is probably best take a more medium- to longer-term view of events when making investment decisions in the equity space, less one lose his nerve. The good news is th
Read moreVodafone to buy-out minority shareholders in Indian unit
8th Oct 2013 07:32
Vodafone is considering buying-out some of the minority shareholders in its Indian business, following a recent change in that country´s regulatory framework, by investing as much as 2bn dollars. That is a vote of confidence in the long-term potential of the Sub-continent. In July Indian authoritie
Read moreLondon close: Stocks edge higher but gains limited by US shutdown
3rd Oct 2013 16:49
Ongoing political wrangling in the States limited gains for stocks on Thursday though the FTSE 100 still managed to snap a four-day losing streak to finish slightly higher. However, markets were rangebound as investors digested mixed economic data from across the globe with service-sector activity
Read moreVodafone CFO to exit once Verizon deal completes next year
3rd Oct 2013 13:19
Vodafone's Chief Financial Officer is set to depart the FTSE 100 telecoms company once the sale of Verizon Wireless has completed. Andy Halford, who has commanded the company's finances for almost nine years, will exit in March, when Verizon Communication will take full ownership of the business.
Read moreTuesday broker round-up UPDATE
24th Sep 2013 08:31
African Barrick Gold: Liberum Capital upgrades to hold with a target price of 147p. Amec: UBS reduces target price from 1200p to 1145p downgrading from buy to neutral. Compass Group: Investec ups target price from 900p to 925p and keeps a buy recommendation. CVS Group: Investec takes target price
Read moreFTSE 100 movers: Croda jumps on upgrade from Credit Suisse
23rd Sep 2013 14:22
Chemicals firm Croda was in the top spot after Credit Suisse upgraded its recommendation from 'neutral' to 'outperform' and hiked its target price from 2,600p to 3,000p. Telecoms giant Vodafone also gained after UBS raised its target price for the shares from 230p to 245p after including Kabel Deut
Read moreLondon midday: Stocks lower on German elections, US debt ceiling
23rd Sep 2013 11:18
Elections in Germany, an uncertain outlook for Federal Reserve monetary policy and a debate over the US debt ceiling weighed on markets on Monday morning, as traders shrugged off upbeat data from China and the Eurozone. The HSBC/Markit flash purchasing managers' index (PMI) for China's manufacturin
Read moreMonday broker round-up UPDATE
23rd Sep 2013 09:06
African Barrick Gold: Citi takes target price from 93p to 119p, but still recommends selling. African Minerals: Citi increases target price from 320p to 330p and maintains a buy recommendation. Antofagasta: Citi shifts target price from 780p to 790p, while its sell recommendation remains unchanged
Read moreLondon open: Stocks slip despite Merkel victory in German elections
23rd Sep 2013 08:04
Stocks slipped into the red on Monday morning as investors digested this weekend's elections in Germany along with the uncertain outlook for monetary policy in the US. German Chancellor Angela Merkel's CDU/CSU party won 41.5% of the vote in the federal elections this weekend after winning 311 seats
Read moreLondon close: Strong finish for UK markets after Fed decision
19th Sep 2013 16:46
After a strong day's trading at around 90 points above the opening bell, the FTSE eased somewhat lower in late trading to close at 6,625.39, 66.57 points (1.01 per cent) above yesterday's finish. The surge came after the Federal Reserve surprised market participants with its decision to maintain it
Read moreFTSE 100 movers: Miners track metal prices higher
19th Sep 2013 14:17
Mining stocks were the biggest risers on Thursday as the price of precious metals jumped. Randgold Resources, Fresnillo, Anglo American and Antofagasta were among the miners who gained on an increase in commodity values. COMEX Gold was up 4.55% to $1,367.10 per ounce at 13:45 while silver and copp
Read moreSector movers: Miners rally as precious metals rise
19th Sep 2013 13:40
Mining stocks were the biggest risers on Thursday as the price of precious metals jumped. Randgold Resources, Fresnillio, Anglo American and Antofagasta were among the miners who gained on an increase in commodity values. COMEX Gold was up 4.55% to $1,367.10 per ounce at 13:45 while silver and co
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