Sunday newspaper round-up: LSE, Severn Trent, Royal Mail
19th May 2013 17:41
The London Stock Exchange is considering buying a stake in Istanbul's fast-growing stock market as part of a deal that could see Turkish trades settled in the City. Borsa Istanbul has been seeking an international partner to overhaul its technology and improve the market's access to foreign investor
Read moreLondon close: FTSE 100 snaps winning streak after poor US data
16th May 2013 16:41
The FTSE 100 has finally ended its long-running winning streak after poor economic data from the States dampened stocks by the close of trade on Thursday. Markets were relatively rangebound for most of the session today, teetering around a five-and-a-half-year high of 6,700 following 10 consecutive
Read moreLondon midday: Markets rangebound but winning streak continues
16th May 2013 11:34
The FTSE 100 was continuing to trade within an extremely tight range on Thursday morning as investors consider how much further the rally will go given that the index is already trading at levels not seen in five and a half years. Just 15 points separated the Footsie's intraday low (6,693) and hig
Read moreLondon open: FTSE 100 breaches 6,700 after Japanese GDP
16th May 2013 08:35
The winning streak on the FTSE 100 continued into its 11th day on Thursday as stronger-than-expected growth in Japan boosted London's benchmark index to fresh five-and-a-half-year highs. The FTSE 100 has been in positive territory since the start of May and was teetering around the 6,700 mark this
Read moreLondon pre-open: FTSE to edge higher in early trade
16th May 2013 07:30
City sources predict the FTSE 100 will open up two points from yesterday's close of 6,694, rising modestly after stronger gains in the US overnight. Economic announcements due out today include the EU balance of trade, consumer price index and harmonised index of consumer prices, as well as US bui
Read moreVodafone expands broadband services in Germany
16th May 2013 07:05
Vodafone is to offer high-speed fixed-line broadband and internet TV services in Germany through a new collaboration with German telecoms giant Deutsche Telekom (DT). The two parties signed a next-generation network access agreement which will see Vodafone use DT's very-high-bit-rate digital subscr
Read moreVodafone to close 100 stores and cut 5,000 jobs
15th May 2013 16:30
Vodafone may cut 5,000 jobs and close 100 stores as part of the company's cost reduction programme, German website Manager Magazin reported Wednesday. The group is undergoing a massive restructuring to improve efficiencies and boost profits. In April it announced plans to outsource service staff
Read moreLondon midday: FTSE 100 snaps eight-day winning streak as miners fall
14th May 2013 11:50
Strong gains in the utilities sector after a takeover approach for Severn Trent and some well-received results from Babcock International weren't enough to lift markets into positive territory by Tuesday lunchtime, as the FTSE 100 snapped an eight-day winning streak. "The broader market malaise is
Read moreBroker tips: Vodafone, Babcock, British Land
14th May 2013 11:02
Nomura has kept its 'neutral' rating and 195p target price for telecoms giant Vodafone after the announcement of a 2.1bn-pound dividend payment from its stake in Verizon Wireless (VZW). The broker said that Verizon's Chief Executive Officer Lowell McAdam has gone back on his comments last week in w
Read moreBroker snap: VZW dividend still a 'thorny issue' at Vodafone, says Nomura
14th May 2013 09:27
Nomura has kept its 'neutral' rating and 195p target price for telecoms giant Vodafone after the announcement of a 2.1bn-pound dividend payment from its stake in Verizon Wireless (VZW). VZW, which has been at the centre of takeover rumours by Verizon for months, is paying a total of $7.0bn (£4.6bn)
Read moreLondon open: Markets flat after strong run, but Severn Trent soars
14th May 2013 08:19
Strong gains for Severn Trent and other utility providers helped offset weakness elsewhere on Tuesday morning as the FTSE 100 paused for breath following an eight-day winning streak. "European markets moved forward modestly today shunning a mixed trading session in Asian stock markets overnight as
Read moreLondon pre-open: FTSE to open high after data gives boost
14th May 2013 07:31
City sources predict the FTSE 100 will open up 17 points from yesterday's close of 6,632, boosted by better-than-expected US retail sales and the first positive reading on the UK RICS house price balance since June three years ago. On today's agenda are the following: the German consumer price ind
Read moreVodafone pockets 2.1bn pounds from VZW dividend - UPDATE
14th May 2013 07:16
Telecoms giant Vodafone has announced that it is to receive over two billion pounds via a dividend from its stake in its US wireless joint venture with Verizon. Verizon Wireless (VZW), which has been at the centre of takeover rumours by Verizon for months, is paying a total of $7.0bn (£4.6bn) to sh
Read moreTuesday newspaper round-up: Severn Trent, Lloyds, Vodafone...
14th May 2013 06:52
According to The Times, Severn Trent could be the target of a bid worth up to 5.3bn pounds. The utility company is said to be in talks with Canadian infrastructure investors Borealis and the Kuwait Investment Authoirty The Independent says that the new Chairman to replace Sir Win BIschoff at Lloyds
Read moreVodafone to launch carrier services business
13th May 2013 08:00
Vodafone announced Monday it would be launching a carrier services business after its takeover and integration of Cable & Wireless Worldwide. The new unit, Vodafone Carrier Services, will be launched at the International Telecoms Week in Chicago from May 13th to 15th. The business was created fol
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