London close: Losses pared, but stocks still down on macro worries
22nd Feb 2012 16:32
- Risk of a Eurozone recession increase as PMIs show contraction. - Fitch downgrades Greece from CCC to C. - Rexam up 7pc after FY results, Vedanta falls 5pc after yesterday's surge. Stocks rallied in afternoon trade in London, recovering from the slump experienced in mid-morning. However, the Foot
Read moreWednesday broker round-up - UPDATE
22nd Feb 2012 09:32
Vodafone: Credit Suisse cuts target from 175p to 170p, outperform rating kept. Vedanta Resources: Credit Suisse maintains neutral rating and 1,400p target. AMEC: UBS raises target from 1,225p to 1,325p, buy rating unchanged; Nomura raises target from 1,130p to 1,240p, buy rating unchanged. HSBC:
Read moreCWW maintains guidance while Vodafone hovers
16th Feb 2012 07:22
Takeover target Cable and Wireless Worldwide (CWW) says its outlook for full year 2011/12 is unchanged, with the firm also revealing written commitments for a £260m refinancing facility. The reason all of this matters is not because CWW is a particularly big or impressive company, it's because Voda
Read moreLondon close: Greek optimism buoys Footsie
13th Feb 2012 16:39
- Stocks rise as Greece approves austerity package. - CBI cuts UK GDP forecasts. - Vodafone confirms potential takeover of C&W Worldwide. Stocks managed to hold on to gains on Monday as Greece moves one step closer to securing the next crucial tranche of aid. Mining and financial stocks led the ri
Read moreLondon midday: Stocks extend gains and banks, miners advance
13th Feb 2012 11:40
- Stocks rise as Greece approves austerity package. - Banks miss 'Project Merlin' lending targets. - Vodafone confirms potential takeover of C&W Worldwide. The Footsie was trading a whole percentage point higher by midday, with banks and miners extending gains from the morning session, following
Read moreLondon open: Stocks jump on Greek austerity vote
13th Feb 2012 08:21
- Stocks rise as Greece approves austerity package. - Vodafone confirms potential takeover of C&W Worldwide. - Miners track metal prices higher. UK stocks rose strongly on Monday morning following the news that the Greek parliament voted to approve the tough austerity measures needed to secure the
Read moreVodafone eyes up weakened CWW
13th Feb 2012 08:08
Mobile telecoms giant Vodafone has confirmed it is running the rule over rival telecoms firm Cable and Wireless Worldwide (CWW). CWW's shares have lost almost three-quarters of their value over the last year after a series of profit warnings. Vodafone said it is still in the very early stages of
Read moreLondon pre-open: Greek deal to spark good start for FTSE 100
13th Feb 2012 07:27
City sources predict the FTSE 100 will open up 36 points from Friday's close of 5,852 after the Greek government voted in favour of a new set of austerity measures, including wage and pension cuts, which will form the conditions of a new bailout in a bid to prevent it from defaulting on its debts.
Read moreCWW in Vodafone's sights
13th Feb 2012 07:02
Mobile telecoms giants Vodafone has confirmed it is running the rule over rival telecoms firm Cable and Wireless Worldwide (CWW). CWW's shares have lost almost three-quarters of their value over the last year after a series of profit warnings. Vodafone said it is still in the very early stages of a
Read moreMonday newspaper round-up: Greece, Vodafone, UK economy
13th Feb 2012 06:16
Rioters set Athens ablaze last night as Greek MPs approved a harsh new austerity package aimed at keeping their country in the euro. Tens of thousands of demonstrators besieged Parliament while MPs neared the historic vote, which opens the way for a €1bn bailout by the EU and the IMF. Anarchists in
Read moreFriday tips round up: Vodafone, Rio Tinto, Mitchells and Butlers
10th Feb 2012 06:59
In the Times Tempus bangs the drum for one of his picks of the year: Vodafone. Yesterday, despite issuing a reasonable trading update the stock rose only 0.5%. Over the last 12 months the company is down 3%. This under-performance clearly perplexes Tempus, who believes Vodafone's dominant position
Read moreBroker tips: Vodafone, Hargreaves, Tate & Lyle
9th Feb 2012 12:26
Nomura has reiterated its buy recommendation and 230p target price for telecoms giant Vodafone despite the firm's second quarter organic revenue growth coming in below expectations. Nevertheless, the group maintained its previous guidance for adjusted operating profits and free cash flow. "It may s
Read moreBroker snap: Vodafone's a must-have for telecoms investors, says Nomura
9th Feb 2012 12:24
Nomura has reiterated its buy recommendation and 230p target price for telecoms giant Vodafone despite the firm's second quarter organic revenue growth coming in below expectations. The company reported this morning that group organic service revenue growth fell to 0.9% in the quarter ended Decembe
Read moreThursday broker round-up - UPDATE
9th Feb 2012 09:16
Homeserve: Credit Suisse raises target price to 275p from 250p, stays at neutral. Reckitt Benckiser: Credit Suisse reiterates outperform. BHP Billiton: Credit Suisse retains outperform. Tate & Lyle: Panmure Gordon raises target from 645p to 690p, hold rating kept; JP Morgan reiterates underweigh
Read moreVodafone reiterates guidance despite weaker sales
9th Feb 2012 07:30
The world´s largest mobile-phone operator, Vodafone, has provided a weaker than expected update on its sales performance in the final three months of 2011, due to weakness in some European periphery markets, such as Italy and Spain. The company, however, has reiterated previous guidance for adjust
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