Week ahead: Vodafone and Sainsbury to report first-half figures
9th Nov 2012 11:00
Financial journalists everywhere are likely to be thankful that next week is set to be quieter on the corporate front than the one just gone; however, there are still a few heavy hitters scheduled to report results, including Vodafone and Sainsbury. Interim figures from mobile phone and telecoms gi
Read moreLondon midday: BG and Barclays provide a drag on the Footsie
31st Oct 2012 11:48
- BG drops nearly 20 per cent after cutting guidance - Barclays disappoints with Q3 results - US markets to re-open following two-day closure After a stable start, the FTSE 100 had dropped into negative territory by Wednesday lunchtime, with heavy falls from BG Group and Barclays providing a drag o
Read moreLondon open: Stocks rise but Barclays limits gains
31st Oct 2012 08:44
- Barclays falls after unveiling two new US probes - US stock market expected to open today - Asian data lifts the mood UK stock markets edged higher in early trading on Wednesday despite some poorly-received third-quarter figures from Barclays and Next early on, The New York Stock Exchange is ex
Read moreVodafone's Kiwi acquisition finally lands
31st Oct 2012 07:36
Mobile phone networks giant Vodafone said its acquisition of TelstraClear, the New Zealand business of Australian telecoms group Telstra, has now gone through. The NZ$840m (£429m) acquisition was announced on July 12th, and has now overcome all regulatory hurdles. TelstraClear is the second larges
Read moreTuesday newspaper round-up: Rolls Royce, Sovereignty, Barclays
30th Oct 2012 06:45
Moscow has offered to help Britain build nuclear power stations in partnership with Rolls-Royce, Russia's deputy prime minister Igor Shuvalov has said. Mr Shuvalov, who met Vince Cable in London on Monday for bilateral trade talks, said he had talked to the Business Secretary about ways in which Rus
Read moreVodafone set to expand M-Pesa money transfer service
23rd Oct 2012 08:52
Telecomms giant Vodafone is set to expand the reach of its secure mobile money transfer service, M-Pesa, a service that is widely used by many people in African countries who do not have a bank account. M-Pesa will next month connect the service to the HomeSend Hub, which is operated by BICS and as
Read moreMonday broker round-up - UPDATE
22nd Oct 2012 08:19
888 Holdings: Morgan Stanley ups target from 125p to 130p, overweight rating kept. Aggreko: Jefferies cuts target from 2,800p to 2,535p, buy rating kept; HSBC downgrades to underweight, target cut from 2,350p to 1,750p; JPMorgan Cazenove cuts target from 2,360p to 2,165p, neutral rating kept; Barcl
Read moreFriday newspaper round-up: Tesco, Vodafone, Redrow
19th Oct 2012 07:01
Tesco Bank has sparked a possible mortgage price war by taking advantage of cheap government money to launch cut-price deals. Chief executive Benny Higgins unveiled what he called "market-leading rates" after announcing that Tesco was accessing the Bank of England's Funding For Lending Scheme. Edinb
Read moreLondon close: US earnings spark surge in UK stocks
16th Oct 2012 16:32
- US earnings lift sentiment - Speculation Spain nearing a bailout request - Germany's Meister says remarks over interpreted -Guardian - German ZEW index beats forecasts Better-than-expected earnings from Goldman and Johnson & Johnson and signs of progress in the Eurozone saw the FTSE 100 surge 1.2
Read moreBroker tips: Hargreaves Lansdown, BT, GKN
16th Oct 2012 10:51
Credit Suisse analysts have downgraded Hargreaves Lansdown to 'underperform' from 'neutral' but have raised their price target for the stock from 480p to 655p. The Swiss bank believes that the shares, trading at an all-time high (up 70% year-to-date), and on a calendar year price earnings ratio of
Read moreBroker snap: Nomura prefers BT over Vodafone
16th Oct 2012 10:50
Nomura kept its 'buy' rating for telecoms giant BT Group on Tuesday saying that, while first-half results are likely to be hit by the economic downturn, it still prefers the business over sector peer Vodafone (rated 'neutral'). Both BT and Vodafone are expected to report a headline revenue decline
Read moreLondon open: Stocks rise despite contradictory reports on Spain
16th Oct 2012 08:37
- Portugal, Greece and Spain in the spotlight - Markets await economic data from UK and Eurozone - Rio Tinto and Anglo American gain London's FTSE 100 index registered a strong start on Tuesday morning as investors celebrated signs of progress in the Eurozone. Markets finished with just slight ga
Read moreTuesday broker round-up - UPDATE
16th Oct 2012 08:14
Amara Mining: Seymour Pierce keeps buy rating. ASOS: Morgan Stanley initiates coverage with overweight rating and 3,000p target. Bellway: Panmure Gordon raises target from 954p to 957p, hold rating kept; Jefferies keeps hold rating and 1,004p target. British American Tobacco: Nomura keeps buy rat
Read moreVodafone launches first commercial 4G LTE in South Africa
10th Oct 2012 09:54
Vodacom Group, a subsidiary of telecoms giant Vodafone, has launched the first commercial 4G LTE service in South Africa. LTE, which stands for long term evolution and is a type wireless communication technology, will initially be accessible to customers via around 70 base stations in Johannesburg
Read moreLondon close: Dull end to sparkling quarter
28th Sep 2012 16:50
Early gains dissipated in London and by the time Wall Street opened lower investors were in the mood to bank some of this quarter's handsome gains; despite today's fall, the top share index still put on close to 250 points in the third quarter. Sentiment was boosted early on by consumer confidence
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