London midday: Markets lower as BoE holds rates
7th Feb 2013 11:46
Markets were slightly lower by Thursday lunchtime as it was announced that the Bank of England (BoE) had kept interest rates unchanged at its latest meeting, however investors were focusing mainly on comments from incoming Governor Mark Carney before the Treasury Select Committee. Carney and the Bo
Read moreBroker tips: Vodafone, Smith & Nephew, SuperGroup
7th Feb 2013 11:15
Vodafone's share price may have reacted well to the company's third-quarter results on Thursday, but Nomura has highlighted concerns with the company's dividend on the back of accounting changes to be implemented next year which could cut free cash flow. "Vodafone's board will reconsider uses of ca
Read moreBroker snap: Nomura highlights concerns with Vodafone dividend
7th Feb 2013 11:00
Vodafone's share price may have reacted well to the company's third-quarter results on Thursday, but Nomura has highlighted concerns with the company's dividend on the back of accounting changes to be implemented next year. The telecoms group said that it will adopt new accounting changes next year
Read moreLondon open: Markets cautious ahead of policy decisions
7th Feb 2013 08:42
The FTSE 100 index opened slightly higher on Thursday morning, helped by some decent gains by Vodafone, TUI Travel and Compass, but trade was cautious ahead of the monthly policy meetings at the Bank of England (BoE) and European Central Bank (ECB). The BoE decision is expected at midday, with fore
Read moreLondon pre-open: All eyes on Mark Carney
7th Feb 2013 07:24
City sources predict the FTSE 100 will open down two points from yesterday's close of 6,295, with investors lacking in direction following a mixed finish to Wednesday's session in the US. US markets were largely unchanged by the close, although there had been signs of profit taking earlier in the
Read moreVodafone reports decline in quarterly revenues, confirms forecasts -UPDATE
7th Feb 2013 07:02
Vodafone on Thursday posted a worse than expected drop in group revenue for the last three months of 2012, blaming difficult market conditions in Europe. Analysts, however, seem to have expected worse. As well, the company reiterated its forecasts for operating profits. The FTSE 100 telecoms compa
Read moreThursday preview: Vodafone Group to report 'growth deterioration'
6th Feb 2013 15:19
Vodafone Group is expected to post 'growth deterioration' in its financial results Thursday. Last month Deutsche bank lowered its recommendation from 'buy' to 'hold' citing concerns about the telecom company's worsening cash returns. "We forecast growth deterioration through calendar 2013 with t
Read moreTuesday tips round-up : Vodafone, Randgold Resources
5th Feb 2013 06:44
Investing in Vodafone should be a relatively sedate business. The company has an assured cash-flow, a generous way with dividends and has bounced back from last year´s losses, a note yesterday from Citi saying that its shares have gone far enough notwithstanding. This is because fears that its divid
Read moreLondon close: Footsie drops 100 points on political uncertainty in Europe
4th Feb 2013 16:32
Increased political risk in the Eurozone presented a good opportunity for traders to take profits on Monday, as investors made the most of the recent surge on stock markets worldwide. The FTSE 100 dropped 100 points today, a fall of around 1.6%. This follows the impressive 6.4% gain seen last month
Read moreSector movers: Telecoms fall as Vodafone hit by downgrade
4th Feb 2013 14:24
Telecoms stocks were out of favour on Monday, with the sector being dragged lower by mobile phone giant Vodafone after the stock was hit by a downgrade from Citigroup. Shares in Vodafone rose 11.4% in January alone on rumours that the company could dispose of its stake in its Verizon joint venture
Read moreMan ousted by Vodafone twice is appointed Premier Foods CEO
28th Jan 2013 08:02
The man who was ousted by Vodafone twice has been appointed Chief Executive Officer of Premier Foods. Gavin Darby will take over from Michael Clarke on February 4th as boss of the British food manufacturer. Darby left Vodafone as a Director in 2010 following a difference of opinion with Chief Exec
Read moreSunday share tips: Tullow Oil, AstraZeneca, Aviva
27th Jan 2013 17:20
It may be time for Aidan Heavey to step aside at Tullow Oil. The former accountant, 59, is rightly feted as one of the oil industry's great entrepreneurs. Beginning with a tiny start-up in 1986 the Irishman turned Tullow into one of the most successful explorers in the world. Its 10.7bn pound market
Read moreFTSE 100 movers: CRH rises as S&P 500 hits record levels
24th Jan 2013 15:23
CRH was a strong riser following a strong start on Wall Street for the Dow and S&P 500, with the latter up at the 1,500 mark for the first time since 2007, following the better-than-expected jobless claims data. Utilities stocks were also providing a lift today after a series of broker upgrades. H
Read moreTuesday broker round-up UPDATE
22nd Jan 2013 07:06
Afren: Liberum Capital shifts target price from 120p to 123p staying with its hold recommendation. ASOS: Exane BNP increases target price from 3000p to 3100p and retains an outperform rating. BP: RBC downgrades to sector perform from outperform. Brammer: Peel Hunt moves target price from 300p to
Read moreMonday broker round-up UPDATE
21st Jan 2013 07:02
Abbey Protection: Numis increases target price from 90p to 120p and upgrades to add. Admiral: Goldman Sachs upgrades to buy from neutral, raising its price target to 1500p from 1160p before. Aggreko: Bank of America lowers target price from 2700p to 1950p and downgrades to neutral. Anglo Americ
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