FTSE 100 movers: InterContinental Hotels dives on falling RevPAR
19th Feb 2013 15:28
Holiday Inn owner InterContinental Hotels became the worst performer on the FTSE after saying that revenue per available room (RevPAR) had fallen 5.2 per cent in 2012. Nevertheless, strong growth in the US and cost cuts helped to produce a 10 per cent increase in operating profits. Vodafone Group
Read moreLondon midday: German sentiment data buoys stocks
19th Feb 2013 11:22
A better-than-expected reading of German confidence pushed stock markets firmly into positive territory by Tuesday lunchtime. The ZEW Institute's index, which measures economic sentiment in the Eurozone's largest economy, surged to 48.2 in February, ahead of last month's reading of 31.5 surpassing
Read moreTuesday broker round-up UPDATE
19th Feb 2013 07:30
Admiral Group: Investec takes target price from 570p to 582p, but still recommends selling. Advanced Medical Solutions: Investec upgrades from hold to buy with a target price of 68p. African Barrick Gold: Canaccord Genuity reduces target price from 360p to 305p keeping a hold rating. Anglo Americ
Read moreLondon close: Central banks and political risk in focus
18th Feb 2013 16:32
London equities finished slightly lower on Monday despite Wall Street having remained closed in observance of Presidents' Day, which usually leads to a positive bias in stocks. Weighing on equities, however, were the weak retail sales data out of China, which in turn weighed on equities. As well,
Read moreVodafone to begin takeover talks for Kabel Deutschland this week
18th Feb 2013 11:30
Vodafone may approach Germany's largest cable provider Kabel Deutschland about a takeover bid as early as this week, according to published reports. Vodafone, the world's second-largest wireless carrier, is waiting for its German rival to release its earnings results on Wednesday before beginning n
Read moreLondon pre-open: Minimal gain expected in opening trade
18th Feb 2013 07:31
City sources predict the FTSE 100 will open up marginally higher from Friday's close of 6,328, with a gain of just three points expected. The coming week will see the flow of data or events on the macroeconomic front pick up, with the ´tempo´ building as the days pass, culminating with the Italian
Read moreVodafone and BAE unveil partnership
18th Feb 2013 07:14
BAE Systems, a defence, aerospace and security company, has unveiled a five-year partnership with mobile communications giant Vodafone Group, under which it will provide businesses with a range of advanced communications security products and services, initially focused on smartphones and tablets.
Read moreVodafone in talks to buy Kabel Deutschland, reports say -UPDATE
13th Feb 2013 11:20
Vodafone's German unit is reportedly in talks to buy Kabel Deutschland, the largest cable television operator in the country. Germany's Manager Magazin kicked off the speculation of the company's bid for the rival business. It said Vodafone Germany's Chief Executive Officer (CEO) Jens Schulte-Bock
Read moreBroker tips: Barclays, Vodafone, Rolls-Royce
12th Feb 2013 10:59
The long-awaited strategic review at UK banking group Barclays was welcomed by Investec (and the market) on Tuesday, with the broker maintaining its 'buy' rating for the stock. The broker hailed the company's cost performance during the year, specifically the improvement in costs at Barclays Capita
Read moreBroker snap: Credit Suisse raises forecasts for Vodafone
12th Feb 2013 09:43
Credit Suisse has raised its target price for shares of telecoms firm Vodafone from 170p to 180p and reiterated its 'outperform' rating for the stock. The move comes after the broker upped its earnings per share (EPS) forecasts by around 5.0% to 16.0p for the year ending March 2014. Credit Suisse
Read moreTuesday broker round-up UPDATE
12th Feb 2013 07:24
AMEC: Exane BNP initiates with a target price of 1140p and an underperform rating. Anglo American: Goldman Sachs increases target price from 1500p to 1550p, while keeping a sell recommendation. Barclays: Nomura reiterates reduce. Charles Stanley reiterates hold. Investec reiterates buy, with price
Read moreFriday broker round-up UPDATE
8th Feb 2013 07:19
Aggreko: HSBC upgrades to neutral with a target price of 1650p. Anglo American: HSBC ups target price from 1950p to 2240p and upgrades to overweight. Antofagasta: HSBC reduces target price from 1200p to 1160p, while upgrading to neutral. ARM Holdings: Credit Suisse increases target price from 780
Read moreLondon close: Stocks slip as central banks stand pat
7th Feb 2013 17:19
Markets across Europe suffered steep losses on Thursday as traders reacted to comments from central bankers from the UK and Europe. "Early gains in equity markets proved unsustainable in the face of rising European yields and the unconvincing political backdrop," said senior sales trader Matt Basi
Read moreFTSE 100 movers: Compass rises on strong first quarter
7th Feb 2013 14:58
Contract caterer Compass was a high riser after having a good first quarter with expectations for the full year unchanged as its North America and emerging market business segments performing strongly. Telecoms group Vodafone rose despite posting a 1.8% drop in revenue for the last three months of
Read moreSector movers: Vodafone lifts mobile telecom sector higher
7th Feb 2013 14:24
Gains from Vodafone ensured that the mobile telecommunications sector was in the top spot on Thursday, with the company impressing with its third-quarter results. The FTSE 100 telecoms company said organic revenues fell 1.8% to £11.38bn year-on-year for the quarter, experiencing the biggest decline
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