London midday: Weak macro data prompts sell-off
23rd Apr 2012 11:41
- Chinese, Eurozone PMIs show contraction - Eyes on political situation in France, Netherlands - Miners provide a drag on Footsie Weak data from both China and the Eurozone was weighing heavily on the FTSE 100 in morning trade on Monday, while political tensions in France and the Netherlands were a
Read moreFTSE 100 movers: Miners and insurers sold off
23rd Apr 2012 09:51
Miners are taking a hammering after the HSBC preliminary flash purchasing managers' index (PMI) rose from 48.3 to 49.1 in April but still remained under the crucial 50-point level, which shows that the industry is still contracting. "This suggests that the earlier easing measures [from Beijing] ha
Read moreFTSE dividends hit record in first quarter
23rd Apr 2012 08:28
Dividends from firms listed on the FTSE jumped 25% in the first quarter to 18.8 billion pounds, a record for that time of year. In total, firms paid out £3.8bn more than the same period in 2011, according to the Dividend Monitor from Capita Registrars, which analyses data provided by Exchange Data
Read moreLondon open: Stocks slump after Chinese PMI data
23rd Apr 2012 08:26
- Miners sold off after Chinese PMI - Vodafone makes offer for CWW - Old Mutual sinks after Goldman downgrade London's blue chip index experienced a sharp fall in early trading on Monday after some gloomy economic data from China weighed heavily on the mining sector. The HSBC preliminary flash pu
Read moreVodafone launches agreed bid for CWW
23rd Apr 2012 07:20
Mobile phone networks operator Vodafone has launched an agreed bid for telecoms firm Cables and Wireless Worldwide (CWW). The board of CWW has given its support to a 38p a share cash offer from Vodafone. The Vodafone terms value CWW at around £1,044m. Shareholders representing around 18.6% of the
Read moreVodafone and CWW agree terms
23rd Apr 2012 07:10
Vodafone has finally struck a deal to buy Cable & Wireless Worldwide (CWW) in a deal worth just over one billion pounds. Under the terms of the offer, CWW shareholders will get 38p per share in cash, which Vodafone said was its final offer unless another bidder entered the fray. Indian firm Tata C
Read moreMonday newspaper round-up: Holland, BoE, IMF
23rd Apr 2012 07:02
The Dutch prime minister will on Monday launch a bid to salvage his austerity budget amid political chaos that could cost the country its AAA credit rating and plunge Europe's debt rescue plans into disarray. Mark Rutte, who is a key ally of Germany and the Eurozone's "hardliners" on financial disci
Read moreLondon close: Footsie finishes higher on strong macro data
20th Apr 2012 16:21
- German Ifo and UK retail data lifts sentiment - Financials and miners make strong gains in London - Strong start on Wall Street, GE and Microsoft beat forecasts After some better-than-expected economic data spurred a rise for the FTSE 100 this morning, the blue chip index held on to gains in the
Read moreCWW gives Vodafone some extra thinking time
19th Apr 2012 17:06
With just 25 minutes to go before the 17:00 bid deadline on Thursday, telecoms group Cable and Wireless Worldwide (CWW) said it had extended the time required for Vodafone to come up with a formal offer for the group. Shares sank by as much as 24% in early trading today on the news that India's Ta
Read moreLondon midday: Stocks gain on strong demand for Spanish debt
19th Apr 2012 11:51
- Spanish auction well received despite rising yields - US futures up in wake of earnings results - Hargreaves leads Footsie higher, CWW plummets on FTSE 250 After an initial dip following the results of the Spanish debt auction, the Footsie had regained its momentum by lunchtime on Thursday, tradi
Read moreCWW bid deadline nears, Vodafone alone in the hunt
19th Apr 2012 09:30
Time is running out for Vodafone to make a bid for the struggling telecoms company Cable and Wireless Worldwide (CWW) following news Tata Communications has decided not to bid for the firm. Britain's biggest mobile operator indicated it was mulling a possible offer in February, shortly afterwards I
Read moreLondon open: Stocks rise ahead of Spanish auction
19th Apr 2012 08:57
- Spanish yields ease before auction - Hargreaves leads risers on Footsie - Cable and Wireless Worldwide plummets on FTSE 250 The FTSE 100 was making solid gains on Thursday morning ahead of much-anticipated Spanish debt auction later today. Spain will be in focus ahead of today's auction of two-
Read moreBroker snap: Vodafone to get a fourth-quarter boost, says Nomura
18th Apr 2012 10:43
Nomura has maintained its buy recommendation for telecoms titan Vodafone, saying that the group's fourth quarter results should provide a little relief for investors. While Vodafone expects a 70-90 basis point (bp) boost to service revenue growth, Nomura is expecting a 100bp gain to 1.9% in the fou
Read moreLondon close: Macro data sees stocks surge
17th Apr 2012 16:59
- Footsie at intraday high by the close - Economic data from Eurozone and US boost buying - Banks and miners lead risers in London London's FTSE 100 index surged by nearly two per cent on Tuesday, as upbeat economic data from the Eurozone and US provided a spark in the banking and mining sectors. M
Read moreLondon midday: Gains cemented by Spanish auction, ZEW index
17th Apr 2012 11:39
- Spain sees strong demand at debt auction - German ZEW surprises to the upside - Barclays leads banks higher after BofA note Gains for London's blue chip index had been extended by Tuesday lunchtime after some positive newsflow from Europe and a rebound in the banking sector. Spain issued €3.18bn
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