London close: Stocks higher after late rally ahead of risk events
4th Sep 2013 16:37
The FTSE 100 managed to rally in afternoon trade on Wednesday to finish in positive territory after a strong start on Wall Street, though gains were only modest ahead of several key 'risk events' which have the potential to spark market volatility. It is set to be a busy end to the week with centra
Read moreSector movers: M&A continues to boost telecoms in wake of Vodafone-Verizon deal
4th Sep 2013 14:19
Telecom equities were the best performers of the day on Wednesday as M&A speculation continues to boost stocks in the wake of one of the biggest corporate deals in history between Vodafone and Verizon. The UK mobile-phone giant announced on Monday that it had reached an agreement with its US partne
Read moreFTSE 100 movers: Ryanair profit warning drags fellow aviation stocks lower
4th Sep 2013 14:18
Shares in aviation companies easyJet and IAG were all heading south after Ryanair issued a warning on annual profits after its shares plunged in response. Europe's biggest low-cost air carrier said in a trading update it expected full-year net profit to be near the bottom of its earlier guidance of
Read moreWednesday tips round-up: Vodafone, Johnson Service Group, DS Smith,
4th Sep 2013 07:22
Price discovery is what the Vodafone deal is all about. In sterling terms, Vodafone is getting about 85bn pounds for the stake, whereas its market capitalisation at the end of last week was a smidgeon short of 100bn pounds. Even if you add on 25bn pounds of debt it is clear that the Voda rump was va
Read moreLondon close: Stocks dented by concerns over Syria, Fed taper
3rd Sep 2013 16:22
Markets were choppy on Tuesday as reports of two ballistic missiles being fired in the Eastern Mediterranean and heightened fears about the scaling back of US stimulus dented investor sentiment. While the launch was later confirmed as a missile test by Israeli forces training with the US Navy, the
Read moreLondon midday: Markets rattled by Mediterranean missile reports
3rd Sep 2013 11:35
After a positive start, markets had pared gains by midday with sentiment hit by reports of two ballistic 'objects' heading towards the East Mediterranean. Market Analyst Craig Erlam from Alpari said that traders became "instantly risk averse on fears that the US had initiated a military strike with
Read moreLondon open: Markets edge higher early on
3rd Sep 2013 08:31
Markets opened with small gains on Tuesday morning with stocks pausing for breath after a strong rise the day before. Stocks surged on Monday as traders took advantage of low volumes - with Wall Street closed for Labour Day - to push the London index up 1.5%. Better-than-expected manufacturing da
Read moreLondon pre-open: Subdued start expected after Monday's surge
3rd Sep 2013 07:31
Markets are expected to open slightly higher on Tuesday morning, extending gains after a strong performance the day before. City sources predict the FTSE 100 will open up 12 points from yesterday's close of 6,506.19. Stocks surged the day before as traders took advantage of low volumes - with W
Read moreVodafone approves sale of key US unit, dividend to rise 11 per cent
2nd Sep 2013 18:48
- Vodafone sells 45 per cent Verizon Wireless stake - Transaction structured in stock, cash and other elements - Shareholders will receive 71 per cent of net proceeds, mostly in shares - 2014 dividend to increase by 8 per cent to 11p - Vodafone to accelerate Vodafone 2015 strategy Vodafone group h
Read moreLondon close: Markets jump on data, Syria delays
2nd Sep 2013 17:02
UK investors took advantage of low volumes on Monday to push the FTSE 100 nearly 1.5 per cent higher, with impressive manufacturing data and delays to potential action on Syria prompting a bullish mood. "After posting four negative weeks in succession today's market moves on the UK benchmark index
Read moreSector movers: Telecoms gain wth Vodafone deal in sight
2nd Sep 2013 16:24
Shares in telecoms giant Vodafone were continuing to rise on Monday after the company confirmed that it is in 'advanced' talks with Verizon about selling its stake in their US joint venture, Verizon Wireless (VZW). The stock, one of the largest listed companies in London by market cap, was up 3.4%
Read moreLondon midday: Stocks jump after strong manufacturing data
2nd Sep 2013 11:19
Strong manufacturing data from both the UK and China helped lift stock markets on Monday morning while concerns over a potential military strike against Syria eased. London's FTSE 100 was registering triple-digit gains by lunchtime, with the index trading a level not since August 15th. Manufactur
Read moreMonday broker round-up UPDATE
2nd Sep 2013 08:57
Berkeley Group: Panmure Gordon raises target price from 2046p to 2150p and reiterates a hold recommendation. Betfair: Panmure Gordon increases target price from 1000p to 1317p and maintains a buy recommendation. BHP Billiton: WH Ireland downgrades to neutral. British Land: Exane ups target price
Read moreLondon open: Chinese PMI boosts miners, Vodafone jumps on Verizon talks
2nd Sep 2013 08:24
Delays to a potential military strike against Syria and some better-than-expected economic data from China gave stock markets a big boost in early trading on Monday. China's official manufacturing purchasing managers' index (PMI) rose to the 51.0 point mark in August, according to the National Bure
Read moreLondon pre-open: Strong start expected after Syria delays, China PMI
2nd Sep 2013 07:26
Markets are expected to open with strong gains on Monday morning due to easing concerns over tensions between Syria and the West, for now at least. Also helping sentiment this morning is China's official manufacturing purchasing managers' index (PMI) which rose to the 51.0 point mark in August, acc
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