888 CFO sells 1.1m pounds-worth of shares
17th Sep 2013 16:24
Aviad Kobrine, the Chief Financial Officer (CFO) of online gaming entertainment and solutions provider 888, on Monday sold 1.1m pounds-worth of shares in the group, reducing his stake to 3.76m shares. Kobrine, who has held the role of CFO since mid-2005, sold 685,390 shares at 159.51p each. In
Read moreVodafone secures 76.48 per cent of Kabel Deutschland shares
16th Sep 2013 13:05
Telecoms giant Vodafone has secured 76.48 per cent of Kabel Deutschland (KDH) shares following its six billion pound offer at the end of July. Vodafone is planning to buy KDH, Germany's biggest cable company, to boost its television and fixed-line offerings in the country, which is home to the lar
Read moreSunday newspaper round-up: Vodafone, Royal Mail, BAE
15th Sep 2013 16:59
Vodafone is considering acquisitions in India, the Financial Times reported. The UK mobile giant sees itself as a "natural consolidator" in India once changes to merger rules allow consolidation in the country's telecoms market, Vodafone's Indie Chief Executive Marten Pieters, told the paper. Pieter
Read moreLondon close: Markets trim losses to finish flat
13th Sep 2013 16:34
The FTSE 100 trimmed losses on Friday afternoon but markets still finished broadly flat as traders scaled back risk appetite ahead of the weekend with the focus now turning to the Federal Reserve meeting next week. London's benchmark index closed down just 5.18 points at 6,583.80, pulling back slig
Read moreLondon midday: Markets turn lower ahead of Fed, Syria developments
13th Sep 2013 11:58
The FTSE 100 was trading slightly lower on Friday morning, pulling back from yesterday's close of 6,586.08 - its highest closing level since August 13th - as investors await the Federal Reserve policy meeting next week and continue to digest developments in Syria. The heavyweight mining sector was p
Read moreLondon open: Miners pull FTSE 100 back from one-month high
13th Sep 2013 08:38
The FTSE 100 dipped lower on Friday morning with the heavyweight mining sector providing a drag as metals´ prices weakened across the board. London's benchmark index opened with slight losses early on, pulling back from yesterday's close of 6,586.08 - its highest closing level since August 13th - a
Read moreLondon pre-open: Subdued start expected as markets turn cautious ahead of Fed
13th Sep 2013 07:30
UK stocks are expected to open slightly lower on Friday morning as markets continue to pause ahead of the Federal Reserve policy meeting next week. City sources predict the FTSE 100 will open down six points from yesterday's close of 5,586.08. The index has risen to its highest levels in a month bu
Read moreVodafone takeover of Kabel wins shareholder support
13th Sep 2013 07:06
Vodafone has won enough shareholder support for its 7.7bn euro takeover of German cable company Kabel Deutschland (KDH) to go ahead. The British mobile network giant has received the backing of more than 75% of Kabel shareholders. It said: "The 75% minimum acceptance condition has been met." The
Read moreFriday newspaper round-up: Syria, House price bubble, Vodafone
13th Sep 2013 06:49
UN inspectors will point the finger of blame at the Assad regime for a deadly chemical weapons strike that threatens to drag the US and other Western powers into the Syria conflict. The report, due to be published on Monday, will include a wealth of evidence that a chemical nerve agent was used in t
Read moreVerizon launches world's biggest corporate debt sale
11th Sep 2013 15:41
Verizon Communications is set to launch a sale of 49bn dollars-worth of bonds to help fund its buy-out of Verizon Wireless from joint venture partner Vodafone. The sale marks the largest corporate debt sale in history with proceeds to be used for the company's $130bn acquisition of a 45% stake in
Read moreVodafone urges Kabel Deutschland shareholders to tender for offer
9th Sep 2013 07:36
Vodafone has urged Kabel Deutschland shareholders to tender their shares for its offer for the German company amid fears the bid may not get the required votes to pass. The UK company warned that there would be no extra acceptance period for its €7.7bn (£6.5bn) offer if the 75% acceptance threshold
Read moreSunday newspaper round-up: Vodafone, Serco, Glencore
8th Sep 2013 20:09
Vodafone is considering a £6bn takeover of Africa's Maroc Telecom after agreeing to sell its stake in Verizon Wireless, the Mail on Sunday reported. The phone company is also mulling a move for France's SFR using the war chest it will have after returning cash from the Verizon deal to shareholders.
Read moreBroker snap: Jefferies sees Vodafone uncompelling post-Verizon
6th Sep 2013 15:03
Jefferies International said Vodafone's shares were an uncompelling investment after the telecoms company agreed to sell its stake in Verizon Wireless to Verizon Communications. The Jefferies analysts said if the rump of Vodafone traded in line with its sector that would imply a share price of 236p
Read moreFriday broker round-up UPDATE
6th Sep 2013 08:01
Antofagasta: Canaccord Genuity lowers target price from 1035p to 1020p, while leaving its buy recommendation unchanged. Ashmore Group: Canaccord Genuity downgrades from buy to hold with a target price of 380p. Associated British Foods: Societe Generale upgrades to hold with a target price of 1900p
Read moreThursday broker round-up UPDATE
5th Sep 2013 08:03
AMEC: Nomura reduces target price from 1300p to 1230p, while reiterating its buy recommendation. Antofagasta: Exane cuts target price from 1200p to 1100p maintaining an outperform rating. Ashtead Group: JP Morgan shifts target price from 729p to 734p and keeps a neutral rating. Associated British
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