London open: Stocks at six-week low as earnings disappoint
20th Aug 2013 08:21
Heavy falls from Wood Group, CRH and a host of miners were weighing on the FTSE 100 in early trading on Tuesday, pushing the index to levels not seen in over six weeks. London's benchmark index sunk by around 0.8% this morning, heading towards the 6,400 mark; the last time it closed lower was on Ju
Read moreLondon midday: Miners lead markets lower, Fed in focus
19th Aug 2013 12:09
The FTSE 100 was trading slightly lower on Monday morning with heavyweight mining stocks providing a drag as investors scaled back their appetite for risk. Markets were rangebound today with less than 30 points separating the FTSE 100's intraday low (6,477) and high (6,506). This follows the index'
Read moreLondon open: Markets lower, but Kentz rockets after AMEC approach
19th Aug 2013 08:27
The FTSE 100 opened slightly lower on Monday morning as traders continue to speculate about the future of the Federal Reserve's quantitative easing programme. The weak start follows the London benchmark's second weekly decline in a row last week and the worst weekly performance on New York's Dow Jo
Read moreVodafone settles tax dispute with HMRC
19th Aug 2013 07:30
Vodafone paid millions to Her Majesty's Revenue and Customs (HMRC) to settle a dispute over tax returns of its Irish subsidiary, The Guardian revealed. The telecom provider allegedly used an Irish unit to collect hundreds of millions of pounds a year in royalty payments from operating companies an
Read moreMonday newspaper round-up: Tesco, Egypt, JPMorgan, Vodafone
19th Aug 2013 06:47
Tesco is set to introduce its own tablet computer which is expected to be ready for Christmas loaded with books, films and music, The Times reported. Egypt's turmoil threatens to create a potential oil spike that could damage any nascent economic recovery, according to The Telegraph. JPMorgan Chas
Read moreFTSE 100 movers: Mining stocks advance after China data
9th Aug 2013 13:12
Mining companies rallied after a slate of upbeat Chinese data eased worries of a slowdown in the world's second largest economy. Fresnillo and Glencore Xstrata were the top risers followed by Randgold Resources, Anglo American and Rio Tinto. Vodafone Group edged higher after announcing it would l
Read moreLondon midday: Markets rise on upbeat data from China, UK
9th Aug 2013 11:31
Strong data from China and increasing momentum in the UK economic recovery pushed the FTSE 100 into positive territory on Friday, though markets were rangebound as gains were limited ahead of the weekend. The FTSE 100 was trading just 0.2% higher by midday with just 25 points separating the index's
Read moreThursday newspaper round-up: Npower, Gold prices, GSK
8th Aug 2013 06:46
Npower Chief, Paul Massara, has lashed out at British Gas' plans to offer free power on Saturdays, calling it a "gimmick" as he increased the standing charge for 2.0m of his own electricity customers, The Telegraph reported. Gold mining companies are working to cut costs and are preparing for a cr
Read moreVodafone shake up to create single European division
1st Aug 2013 12:40
Vodafone unveiled an overhaul of its organisational structure that will see the mobile phone operator bring its Northern, Central and Southern European region into a single division. The newly enlarged unit will be led by Philip Humm, the current head of the Northern and Central European business.
Read moreSunday share tips: Vodafone, Forbidden Technologies, Marstons
21st Jul 2013 10:39
Vodafone still has room left to grow, although the company faces a difficult balancing act as it fights to invest in long-term growth while at the same time generating cash for shareholders. Mention must be made in this regard of its commitment to maintaining its current pay-out policy. The solution
Read moreFTSE 100 movers: IMI gains after Citi comments
19th Jul 2013 11:56
Engineering firm IMI was a high riser on the Footsie on Friday after Citigroup named it a 'Most Preferred' stock. The broker said: "We see further significant margin upside at IMI, driven by both mix and restructuring. A strong balance sheet and yield are both supportive, too." In contrast, techn
Read moreLondon midday: FTSE 100 pulls back from seven-week high
19th Jul 2013 11:25
Mining stocks were among the worst performers on Friday morning, providing a drag on the FTSE 100 as risk appetite declined following the index's seven-week high reached the day before. London's benchmark index closed at 6,634 on Thursday; the last time the index finished higher was on May 30th whe
Read moreLondon open: Stocks fall after gloomy figures from Microsoft, Google
19th Jul 2013 08:13
The FTSE 100 pulled back from a seven-week high on Friday morning after disappointing results from some Wall Street heavyweights last night. London's benchmark index closed at 6,634 on Thursday; the last time the index finished higher was on May 30th when it closed at 6,657. Both the S&P 500 and
Read moreLondon pre-open: Losses expected as markets look ahead to G20
19th Jul 2013 07:29
Markets are expected to open slightly lower on Friday morning with the FTSE 100 pulling back after a seven-week high ahead of the meeting of G20 leaders. City sources predict the FTSE 100 will open down 18 points from yesterday's close of 6,634. The last time the index finished higher was on May 3
Read moreVodafone posts decline in quarterly revenue
19th Jul 2013 07:04
Vodafone reported a drop in second quarter revenue, blaming ongoing economic and regulatory pressures in its key market of Europe. Group service revenue, including joint ventures, dropped 3.5% year-on-year to £10.1bn in the three months to end of June. The company said conditions in Europe remaine
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