Friday newspaper round-up: Vodafone, Aviva, Vedanta...
19th Apr 2013 06:55
"One of the biggest corporate deals in history edged closer yesterday after Verizon said that it was 'extremely confident' it could buy Vodafone's stake in North America's largest mobile network without triggering a huge tax bill," The Times says. Vodafone owns a 45 per cent stake in Verizon Wireles
Read moreFTSE 100 movers: GSK rises on COPD treatment approval
18th Apr 2013 14:59
Shares in pharmaceuticals giant GlaxoSmithKline gained after the the US FDA approved Breo Ellipta, the company's treatment for chronic obstructive pulmonary disease (COPD). "This positive recommendation is a crucial first step towards making Breo Ellipta available for appropriate COPD patients acros
Read moreVodafone expands Red service to 14 European markets
18th Apr 2013 13:16
Telecoms giant Vodafone has announced the expansion of its Vodafone Red customer proposition to cover a total of 14 European markets, along with new additional customer options. The technology enables customers to use a single integrated service plan with a number of features for simplicity and se
Read moreVodafone launches M-Pesa technology in India
17th Apr 2013 12:20
Vodafone's Indian division on Wednesday announced that it, together with ICICI Bank, has launched its M-Pesa technology, a mobile money tranfer and payment service, in India, giving 700m people access to conventional banking. M-Pesa, which has 17.3m active customers across eight countries, enables
Read moreWednesday broker round-up UPDATE
17th Apr 2013 07:20
African Barrick Gold: Deutsche Bank cuts target price from 230p to 173p, while its hold recommendation is reiterated. Ashmore Group: Morgan Stanley raises target price from 395p to 444p and maintains an equal-weight rating. Ashtead Group: Jefferies increases target price from 615p to 690o and reit
Read moreMonday broker round-up UPDATE
15th Apr 2013 09:50
African Barrick Gold: Citigroup cuts target price from 267p to 175p and keeps its sell recommendation. African Minerals: Goldman Sachs lowers target price from 420p to 410p keeping a buy recommendation. Citigroup moves target price from 440p to 430p and retains a buy recommendation. Anglo American
Read moreLondon close: Resource-heavy FTSE 100 lifted by slowing Chinese inflation
9th Apr 2013 16:37
Slowing inflation in China and a strong start to the US earnings season by Alcoa boosted the UK's resource-heavy FTSE 100 stock index on Tuesday, with miners leading the surge. Meanwhile, a raft of upbeat economic data from closer to the home lifted sentiment in the UK today, including better-than-
Read moreLondon midday: Miners lead the Footsie higher
9th Apr 2013 11:33
Miners were making impressive gains by Tuesday lunchtime after price rises in China slowed more than forecast in March, increasing hopes that the People's Bank of China will hold off from tightening policy for the time being. Chinese consumer-price inflation slowed to a 2.1% annual rate in March,
Read moreBroker tips: Centamin, FirstGroup, BP...
9th Apr 2013 11:00
Canaccord Genuity has kept its 'sell' rating and 38p target price for Egyptian gold miner Centamin despite the strong first-quarter production figures announced on Tuesday morning, saying that legal issues still remain. The broker said: "Although we would expect shares to be stronger today we think
Read moreBroker snap: Tradenext highlights buying opportunities on recent sterling weakness
9th Apr 2013 10:48
Tradenext has highlighted a list of attractive opportunities on the London stock market given the recent weakness of the sterling pound. "A fall in the value of sterling will further support FTSE100 stocks and earnings, and make it easier for UK companies to sell their products overseas," said Ronn
Read moreVodafone unveils consortium bid with China Mobile
4th Apr 2013 12:43
Telecoms giant Vodafone Group has unveiled an agreement with China Mobile to form a consortium to bid for a mobile telecommunications licence in Myanmar. The Myanmar government is planning to increase the number of mobile operators from two to four, and Vodafone sees the country as an important ne
Read moreLondon close: 'Ill wind' blows in from across the Atlantic
3rd Apr 2013 17:04
Markets have ended firmly lower on the day, in reaction to mixed economic data out Stateside and despite strong economic data in China. As well, company-specific news weighed on index heavy-weights Vodafone and RBS. All of the above came on the back of a nervous atmosphere ahead of central bank
Read moreLondon midday: Stocks pull back ahead of rate decisions, US jobs report
3rd Apr 2013 11:49
Sharp falls in the mining sector and a number of heavyweight stocks going ex-dividend ensured that London markets were firmly in negative territory on Wednesday morning, with investors scaling back risk ahead of some key events later this week. "With three major central bank meetings taking place o
Read moreLondon open: Markets turn cautious ahead of risk events this week
3rd Apr 2013 08:41
Markets shrugged off some strong economic data from China on Wednesday morning to trade firmly in the red with traders nervous ahead of central bank meetings tomorrow and US employment data on Friday. "European markets opened cautiously today as investors opted to mirror the lack of enthusiasm show
Read moreVerizon dismisses reports of bid for Vodafone
3rd Apr 2013 07:59
Verizon Communication has dismissed reports that it has teamed up with AT&T on a break-up bid for Vodafone. The two US telecoms groups were said to be considering a $245bn deal for Vodafone, according to the FT Alphaville. While Verizon is still considering buying out Vodafone's share in joint ven
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