Vodafone takes aim at Indian government
17th Apr 2012 10:32
Mobile phone networks giant Vodafone has cranked up its dispute with the Indian government by serving notice that it is prepared to go to international arbitration over India's plans to introduce a retrospective tax law which will hit the UK-based company hard. Vodafone, through its Dutch subsidiar
Read moreMonday newspaper round-up: RBS, LTROs, Indian tax law...
2nd Apr 2012 06:58
"RBS is working on plans to 'turn the tap back on' for a 350m-400m pounds dividend payment to preference shareholders as the bank addresses a clutch of hurdles in its quest to privatise the Government's 82 per cent stake. 'Paying a dividend is good market behaviour and is an important signal to debt
Read moreLondon close: Stocks rise as euro leaders boost firewall
30th Mar 2012 16:32
- Eurozone to boost firewall to 800bn euros - Spain cuts 27bn euros from the budget - Petrofac up after broker comments, Shire leads the fallers London's blue chip index finished the day strongly after Eurozone leaders agreed to strengthen the firewall to protect the debt crisis from spreading. Som
Read moreFTSE 100 movers: Engineering firms on the rise
30th Mar 2012 14:43
Industrial engineers were on the rise, with Weir leading the way in the top spot. Sector peer GKN was a high riser with stock broker Jefferies saying that it believes Volvo Aero would be a "good fit" with GKN Aerospace. "It appears the suggestion GKN might partly fund its acquisition with new equi
Read moreLondon close: Eurozone worries dampen UK stocks
29th Mar 2012 16:35
- Stocks dragged down by Eurozone concerns - International Power receives approach from GDF Suez - FirstGroup plummets after gloomy update London's FTSE 100 index sank to its lowest levels of the day by the close of trade on Thursday with Eurozone worries once again in focus as bond yields in Italy
Read moreFTSE 100 movers: Int'l Power in top spot after proposal from GDF Suez
29th Mar 2012 15:01
UK utility giant International Power was sitting pretty in the top spot after it confirmed that it has received a non-binding indicative proposal from French electricity giant GDF Suez to buy-up the remaining stake in the firm. The 390p-a-share cash approach - for the remaining 30% interest in Int
Read moreVodafone and Tata get deadline extension on CWW offer
29th Mar 2012 10:26
Vodafone and Tata Communications have been given three more weeks to make a formal offer for Cable and Wireless Worldwide. The previous deadline ran out today (March 29th). Vodafone originally said it was mulling a bid on February 11th, while Tata entered the fray at the beginning of March. The ap
Read moreLondon close: Stocks flat as investors digest Budget
21st Mar 2012 16:47
- FTSE 100 unchanged on the day after subdued reaction to Budget - MPC unanimous on interest rates, divided on QE - Weir slumps on negative read-across from Baker Hughes The markets gave a rather muted reaction to today's Budget announced by Chancellor of the Exchequer George Osborne at lunchtime,
Read moreLondon midday: Markets show caution ahead of Budget
21st Mar 2012 11:32
- Budget to commence shortly - MPC votes unanimously on rates, divided on asset purchases - Wolseley, Serco, Vodafone advance after broker upgrades After a strong start, UK stocks pared early gains ahead of the upcoming 2012 Budget announcement expected shortly from the Chancellor of the Exchequer,
Read moreWednesday broker round-up - UPDATE
21st Mar 2012 09:16
Bovis Homes: UBS lifts target from 395p to 465p, sell rating kept. Cairn Energy: UBS cuts target from 370p to 365p, neutral rating unchanged. Debenhams: Citigroup upgrades from hold to buy, target upped from 65p to 85p. Lamprell: Nomura raises target from 265p to 430p, buy rating kept. Logica: S
Read moreLondon open: Stocks rise ahead of Budget
21st Mar 2012 08:48
- Budget expected at 12:30 - Retailers rise, Sainsbury in demand - Serco upgraded by HSBC, Morgan Stanley The Footsie was bouncing back in early trading on Wednesday, following a steep fall the day before as fears about a slowdown in Chinese economic growth fuelled a sell-off in the mining sector.
Read moreLondon close: Losses trimmed by news from Greece
19th Mar 2012 17:03
- Greek CDS auction finishes in line with expectations - Greece expects GDP to fall 4.5 per cent in 2012 and 0.5 per cent in 2013 - Markets await Wednesday's Budget The FTSE 100 finished only slightly in the red after a positive start on Wall Street, which saw UK stocks trim losses in afternoon tra
Read moreFTSE 100 movers: Resolution up on raised target price
19th Mar 2012 14:27
Insurance group Resolution was a high riser after JP Morgan Cazenove raised its target price from 251p to 267p. However, the broker did maintain its underweight position on the stock, while Oriel Securities reiterated its hold rating. Telecoms giant Vodafone was on the up after the Sunday Times sa
Read moreLondon midday: Losses pared but Footsie still down
19th Mar 2012 11:42
- Greece 'more than halfway' along path to recovery - Vodafone up on tax benefit reports from CWW takeover - Misys jumps on recommended bid from Vista Losses were halved by lunchtime but the Footsie still remained in the red on a relatively quiet day for company results and economic data. Markets a
Read moreMonday broker round-up - UPDATE
19th Mar 2012 09:37
Antofagasta: Exane BNP Paribas upgrades from neutral to outperform, target lifted from 1,200p to 1,450p; Nomura cuts target to 1,500p from 1,650p, buy rating unchanged. AstraZeneca: Goldman Sachs cuts target from 3,350p to 3,306p, neutral rating kept. Barclays: UBS raises target from 240p to 272p,
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