London close: Markets surge as M&A activity lifts sentiment
2nd Apr 2013 16:40
UK stocks surged on Tuesday, starting the week strongly after the four-day Easter weekend, as increased M&A activity and a strong reading of US factory orders lifted sentiment. Telecoms giant Vodafone was among the risers on London's benchmark index on the back of speculation that it could be the t
Read moreFTSE 100 movers: Vodafone leads the way higher
2nd Apr 2013 15:20
Vodafone's shares surged following reports that Verizon and AT&T were working on a break-up bid for the British firm. The two US telecoms groups are said to be considering a deal that would see them pay a 40% premium to Vodafone's share price at Monday's close, sources told FT Alphaville. It would
Read moreSector movers: Vodafone M&A talks boost telecoms stocks
2nd Apr 2013 15:19
M&A rumours surrounding phone-network giant Vodafone lifted the mobile telecommunications sector to the top of the pile on Tuesday. Vodafone, which has been the source of much speculation over recent weeks, saw its share price surge 5.6% to 197.05p in afternoon trade after the Financial Times said
Read moreVodafone shares soar on bid talks
2nd Apr 2013 12:02
Vodafone's shares surged Tuesday following reports that Verizon and AT&T were working on a break-up bid for the British firm. The two US telecoms groups are said to be considering a deal that would see them pay a 40% premium to Vodafone's share price at Monday's close, sources told FT Alphaville.
Read moreLondon midday: Stocks rise, M&A speculation boosts Vodafone
2nd Apr 2013 11:36
The FTSE 100 had gained one per cent by Tuesday lunchtime as traders made up for lost time following a long four-day weekend for the Easter holidays. Telecoms giant Vodafone was leading the risers on London's benchmark index on the back of speculation that it could be involved in the biggest M&A d
Read moreLondon open: Markets rise after long weekend, Vodafone provides a lift
2nd Apr 2013 08:33
UK stocks began Tuesday's session with solid gains after the long Easter weekend with the focus once again turning to Cyprus ahead of meetings with the Troika this week. Even though Cyprus has already been granted an extension from 2016 to 2017 to achieve a primary budget surplus, government spoke
Read moreTuesday newspaper round-up: Vodafone, London markets, UK economy...
2nd Apr 2013 06:47
Telecoms giant Vodafone has attacked the Indian government over a decision forcing it to rebid for spectrum licences in the country's three largest cities, rather than having them automatically renewed. The company accused India of "contradictory and inconsistent" actions, says The Telegraph. Despi
Read moreLondon close: Gains erased as Cypriot optimism proves short-lived
25th Mar 2013 17:04
The initial enthusiasm surrounding the last-minute deal to save Cyprus from financial collapse proved short-lived on Monday as comments from the head of the Eurogroup weighed on sentiment in afternoon trade. Meanwhile, rumours of a possible Italian downgrade from Moody's added to the gloomy mood la
Read moreFTSE 100 movers: ARM Holdings boosted by broker comments
25th Mar 2013 16:25
ARM Holdings was also benefiting from broker comments after Bank of America said that the potential of its 'big.LITTLE' energy-saving technology was "underappreciated". Asset management firm Aberdeen was higher after posting a 10% increase in assets under management to £212.3bn in the second quarte
Read moreSunday newspapers: Cyprus, Vodafone, Fitch
24th Mar 2013 18:51
The President of Cyprus has flown to Brussels to broker an arrangement with the Troika. An earlier proposal, which seemed to have been reached on Saturday, was described as in 'flux.' "The negotiations are at a very delicate stage," Christos Stylianides, a government spokesman, told The Financial Ti
Read moreVodafone forms agreement with Polkometal
21st Mar 2013 09:15
Telecomms giant Vodafone has formed a new partner market agreement with former subsidiary Polkometal in Poland. The non-equity partnership agreement will add Poland to Vodafone's customers' existing contracts for international managed services, while continuing to be serviced via a single point of
Read moreTuesday broker round-up UPDATE
19th Mar 2013 07:21
Admiral Group: Canaccord Genuity raises target price from 1050p to 1215p, but reiterates its sell recommendation. BAE Systems: Investec moves target price from 325p to 375p retaining a hold recommendation. Balfour Beatty: Numis lowers target price from 330p to 300p and downgrades to add. BHP Bill
Read moreLondon close: US labour data boosts stocks late on
14th Mar 2013 16:33
Global stock markets registered decent gains on Thursday as US labour-market figures continued to beat forecasts, pushing the S&P 500 in New York close to an all-time high. The S&P 500 was trading around 1,560 by the close of trade in London (12:30 in New York), just a few points from the record-hi
Read moreLondon midday: Stocks make gains ahead of EU summit
14th Mar 2013 11:34
Strong gains from Aggreko, Morrison, Ocado and Home Retail pushed UK stocks higher on Thursday morning offsetting weakness in the heavyweight mining sector, as traders awaited the start of the EU summit and economic data from the States later on. US banking giant Goldman Sachs yesterday hiked its n
Read moreLondon open: FTSE 100 rises early on as Morrison jumps
14th Mar 2013 08:36
Strong gains for Prudential, Morrison and Aggreko helped push London's benchmark index into positive territory on Thursday morning, as traders showed optimism following recent bullish forecasts. US banking giant Goldman Sachs hiked its near-term target prices for the FTSE 100, saying that the index
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