FTSE 100 movers: Miners fall on concerns over Chinese slowdown
24th Jun 2013 14:13
Mining stocks were again bearing the brunt of the market-wide sell-off on Monday on concerns over slowing growth in China after Goldman Sachs cut its growth forecasts for the powerhouse for this year and the next. Vedanta, Antofagasta, Glencore Xstrata and Anglo American were all registering moderat
Read moreLondon midday: FTSE 100 nearly erases year-to-date gains
24th Jun 2013 11:38
After a bright start, the FTSE 100 had sunk sharply into the red by Monday lunchtime with the index having nearly erased all of the impressive gains made since the start of the year. The Footsie was trading 1.05% lower by midday at around 6,052, compared to an intraday high of 6,132 reached early o
Read moreBroker tips: RBS, Vodafone, Supermarkets
24th Jun 2013 11:02
Investec has upped its recommendation for part-nationalised bank Royal Bank of Scotland from 'sell' to 'hold', saying that the stock is 'marginally oversold' after the steep sell-off over recent sessions. "Given increased political disarray, despite deep 'valuation support', we do acknowledge the p
Read moreBroker snap: Vodafone's KDG synergies not without risk, says Jefferies
24th Jun 2013 10:51
Jefferies has retained its 'hold' rating and 179p target price for telecoms titan Vodafone (VOD) after its 87 euros-a-share offer for Kabel Deutschland (KDG) on Monday morning. The offer, comprising €84.50 per share in cash plus a payment of a €2.50 dividend, implies an KDG enterprise value (EV) of
Read moreLondon open: Stocks edge higher after recent sell-off
24th Jun 2013 08:27
The FTSE 100 opened in positive territory on Monday morning, albeit only slightly, as markets made a tentative start to the new week following the dramatic sell-off seen over recent sessions. London's benchmark index closed Friday's session at just 6,116 following a number of steep declines since t
Read moreLondon pre-open: Markets expected to extend losses as new week begins
24th Jun 2013 07:28
The UK stock market is expected to track Asian markets lower on Monday as sentiment remains fragile following the dramatic sell-off last week which saw the FTSE 100 slip to five-month lows. City sources predict the London benchmark index will open down 19 points from yesterday's close of 6,116. Sin
Read moreVodafone agrees to buy Kabel Deutschland
24th Jun 2013 06:42
Vodafone has confirmed its intention to buy Germany's biggest cable company Kabel Deutschland. In one of the biggest deals the telecoms industry has seen since the height of the technology boom, Vodafone said the agreement would deliver shareholders €87 per share in cash. It would value the entire
Read moreMonday newspaper round-up: Vodafone, Rio Tinto, Nationwide
24th Jun 2013 06:14
Vodafone has agreed to acquire Germany's largest cable operator Kabel Deutschland for more than 8.5bn pounds, The Times reported. The deal, pitched at 7.7bn euros, marks one of the biggest in the telecoms industry since the height of the technology boom. Rio Tinto has ditched plans to sell or fl
Read moreLondon close: Gains trimmed as nerves set in ahead of Fed decision
17th Jun 2013 16:48
Markets started the new week on a positive note, though gains were trimmed by the close on Monday as traders refrained from taking too much risk ahead of the all-important policy decision from the Federal Reserve later this week. Global markets have been extremely choppy over the last month since F
Read moreSector movers: M&A activity lifts telecoms higher
17th Jun 2013 15:42
Strong gains for Vodafone were lifting the mobile telecommunications category higher on Monday afternoon as news of M&A activity across the sector boosted share prices. Shares in the Eurozone's largest telecoms group, Telefonica, rose in Madrid today after it was rumoured that US titan AT&T made an
Read moreFTSE 100 movers: Resolution, Vodafone, Reckitt
17th Jun 2013 14:28
Guernsey-incorporated investment vehicle Resolution topped the FTSE 100 Monday after JP Morgan increased its target price from 273p to 302p and maintained a 'neutral' rating. Vodafone Group was dragged higher by a bounce in the wider Telecommunications sector despite reports in The Sunday Times acc
Read moreLondon midday: FTSE 100 lifted by Resolution, Reckitt and Vodafone
17th Jun 2013 11:22
The FTSE 100 was performing strongly on Monday morning as bargain hunters moved in to pick up stocks following the index's recent slump. Global markets have been extremely choppy over the last month since Federal Reserve Chairman Ben Bernanke suggested that the bank could begin 'taper' its quantita
Read moreSunday newspaper round-up: RBS, Co-op bank, easyJet
16th Jun 2013 15:16
Foreign-owned bank branches - as opposed to subsidiaries - in Britain made the country's financial crisis worse, as they moved to shrink their loan books by almost half at the height of the credit crunch, according to Bank of England research, The FT Weekend reports. The other factors which explain
Read moreLondon close: Greece rumours spark late sell-off
12th Jun 2013 17:02
Equities dropped into the red for a third consecutive day on Wednesday with renewed political tension in Greece sparked another bout of market volatility. The FTSE 100 finished down 41 points at 6,299, the first time that it has closed below the 6,300 mark since April 22nd. London's benchmark inde
Read moreFTSE 100 movers: Severn Trent and Vodafone drop sharply
12th Jun 2013 15:05
Water group Severn Trent dropped sharply on Wednesday after the consortium of foreign investors that had bid for the company withdrew its offer last night. LongRiver, after having had its earlier proposals rejected by Severn Trent, said that it would not put forward a further offer "in the absence o
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