London midday: Back to square one
28th Sep 2012 11:37
It is more or less back to square one for Footsie after a bright start. Setiment was boosted early on by consumer confidence data that was not as bad as feared. Consultancy GfK´s consumer confidence gauge for the month of September rose by 1 point in September, to -28. The consensus estimate was
Read moreLondon open: Cautious advance on big day for macro-data
28th Sep 2012 09:05
Leading shares are firmer on balance, helped by consumer confidence data that was not as bad as feared. Consultancy GfK´s consumer confidence gauge for the month of September rose by 1 point in September, to -28. The consensus estimate was for a retreat to -30. The increase in the index comes aft
Read moreLondon pre-open: Footsie to renew assault on 5800
28th Sep 2012 07:29
City sources predict the FTSE 100 will open 28 points up from yesterday's close of 5,779 as markets give a generally positive response to Spain's austerity budget. Spain has pushed through €40bn of new austerity measures, despite violent protests across the country. Premier Mariano Rajoy has put a
Read moreBroker tips: Petra Diamonds, Vodafone, Aberdeen A.M.
24th Sep 2012 18:52
Africa focused miner Petra Diamonds has today reported full year results slightly below those forecast by Allison Turner, at Panmure Gordon. The company´s earnings before interest, taxes, depreciation and amortisation (EBITDA) have come in at 90.3m dollars, compared with her forecast for 99.2m dolla
Read moreBroker snap: Careful with Vodafone´s dividends, Nomura says
24th Sep 2012 17:41
The premier British telecommunications provider Vodafone has this afternoon secured 4G radio-spectrum in the 800MHz band as well as renewal of 2G spectrum, in Romania, for 228.5m euros. The licences are valid until 2029. In total, Vodafone has expanded its spectrum portfolio by 78%, according to t
Read moreSector movers: Vodafone shrugs off Blackberry outage
21st Sep 2012 14:20
Excitement over the release of the new iPhone from Apple is driving demand for shares in Vodafone, the mobile communications colossus. The new Apple smartphone goes on sale globally today. No one seems very much concerned about the old-school "must have" mobile device, the Blackberry, which is pro
Read moreWednesday newspaper round-up: Pensions, Tesco, BP
19th Sep 2012 06:41
Pension funds were put on alert yesterday as government statisticians paved the way for an overhaul of inflation measures that could shave billions of pounds from interest payments on holdings of gilts. Jil Matheson, the National Statistician, will consult on options for "improving" the retail price
Read moreTuesday tips round-up: Sberbank, Pace, Vodafone
18th Sep 2012 07:01
Lex in the Financial Times ponders the attractions of Sberbank, the dominant Russian banking player. Russia's central bank is currently offloading a 7.5% stake in the business worth around five billion dollars. The main problem Lex can see is that the market broadly takes an optimistic view on Sberb
Read moreLondon midday: China worries weigh
17th Sep 2012 11:47
China is weighing on UK investors' minds as speculation mounts that the Chinese authorities might not spring into action to juice up the world's second largest economy as quickly as previously thought. Adding weight to that view is the decision by economists at Citigroup to cut their forecast for
Read moreVodafone slips on India tax bill worries
17th Sep 2012 08:41
Shares in Vodafone slipped on Monday after its Chief Financial Officer suggested the firm could have to set large amounts of money aside to pay Indian tax bills. The firm is in a battle with the Indian government over the payment of taxes stemming from its 2007 purchase of Hutchison Whampoa. India
Read moreLondon open: Footsie dips below 5900, as China worries simmer
17th Sep 2012 08:23
UK stocks have opened on the back foot with traders agitating over possible delays to the Eurozone´s plans for a banking union, as Germany calls for a more measured approach and a slower pace. Also weighing on sentiment is market chatter pointing to the possibility of a slower policy response from
Read moreLondon close: Stocks surge on hopes for QE3
13th Sep 2012 16:35
- Markets close higher ahead of Fed decision - Greece could need third bailout, says IMF official - BAE's merger with EADS called into question Following a subdued start, UK stocks ended at their highest levels of the day with just an hour or so to go before the announcement of the Federal Reserve'
Read moreSector movers: Vodafone and BT lift telecoms higher
13th Sep 2012 15:59
The telecoms sectors were performing well on Thursday with heavyweights Vodafone and BT Group providing a lift in afternoon trade. Mobile phone group Vodafone was making decent gains in the mobile telecoms sector, one day after the stock was hit with concerns about its US joint venture Verizon Wire
Read moreThursday tips round-up: Vodafone, Barratt Developments
13th Sep 2012 07:14
The Tempus column in The Times says not to believe all the rumours surrounding telecoms group Vodafone and the speculation on whether or not it will not receive a special dividend from its 45 per cent-owned US joint venture with Verizon Communications, Verizon Wireless. Shares fell yesterday after
Read moreFTSE 100 movers: German ruling boosts financials
12th Sep 2012 13:48
UK banking stocks advanced after Germany's high court approved the Eurozone's new rescue fund, the European Stability Mechanism (ESM), with Lloyds, Royal Bank of Scotland, Barclays, Standard Chartered and HSBC were making gains by this afternoon. RBS was also benefiting after Liberum Capital lifte
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