London open: Stocks slip as Greek deadline looms
6th Feb 2012 08:35
UK stocks fell on Monday morning, pulling back following the strong end to last week, with Greece once again in focus as government talks enter a critical stage. After a meeting last night between the three parties of Greece's coalition government, Prime Minister Lucas Papademos announced that they
Read moreLondon pre-open: Greece continues to worry investors
6th Feb 2012 07:24
City sources predict the FTSE 100 will open down 6 points from Friday's close of 5,901, ahead of the impending deadline for talks on Greece which will decide whether the country is to default on its debts or accept a new bailout. Budget airline easyJet saw passenger numbers nudge 0.4% lower last
Read moreVodafone calls off talks with Wind Hellas
6th Feb 2012 07:11
Vodafone has announced this morning that it has called off a potential "business combination" with Greek telecoms group Wind Hellas. The FTSE 100 mobile phone giant says that itself and Largo Limited, the sold shareholder of Wind Hellas, have now agreed to terminate discussions relating to a combin
Read moreMonday newspaper round-up: Greece, Bank lending, FTT
6th Feb 2012 07:05
The Greek prime minister has failed to secure a bondholder agreement despite appealing for help from the bosses of the International Monetary Fund (IMF) and the European Central Bank (ECB) to help break the dangerous deadlock. Sources close to the private creditors told The Daily Telegraph that an a
Read morePrimaral raises stake in Vodafone India
6th Feb 2012 07:00
Vodafone has announced that Piramal Healthcare has acquired a further 5.5% stake of Vodafone India (VIL) from ETHL Communications (Essar) for 30.07bn rupees (£385m), raising its total interest to 11%. This purchase adds to Piramal's 5.5% shareholding it purchased from Essar in August 2011, and comp
Read moreSector movers: Miners sold off as dollar gains on euro crisis
30th Jan 2012 14:50
The Eurozone crisis sparked a sell-off in the industrial metals and mining sector today, as ongoing talks in Greece and this afternoon's EU summit weighed on market sentiment. The absence of a debt-swap deal in Greece, the downgrade of five Eurozone nations, and a euro-era record high Portuguese 10
Read moreWednesday broker round-up - UPDATE
25th Jan 2012 09:00
Ashmore: Barclays upgrades to overweight from neutral. Glencore: UBS cuts target from 530p to 490p, buy rating unchanged. Vodafone: Nomura reiterates buy rating and 230p target. Britvic: Nomura keeps buy recommendation and 425p target; Collins Stewart gives sell rating and 290p target. WH Smit
Read moreSector movers: Vodafone lifts telecoms, oil stocks drop
20th Jan 2012 17:07
Vodafone was lifting the mobile telecommunications sector higher today. The telecoms titan rose on reports that the Indian Supreme Court has overturned an earlier tax-ruling against it from a lower court. The long-running battle centres around a $2.5bn (£1.3bn) tax bill relating to its 67% intere
Read moreLondon close: Oil stocks weigh on FTSE 100
20th Jan 2012 17:03
- Oil stocks track prices lower. - Chinese manufacturing disappoints. - Greek talks ongoing, sides close to a deal. UK stocks finished Friday's session down an average 0.2% with oil stocks providing a drag on the FTSE 100, tracking oil prices lower. The blue chip index swung between gains and loss
Read moreLondon midday: Footsie unchanged, RBS leads risers
20th Jan 2012 11:57
- Greek talks still in progress. - RBS taps ECB emergency facility. - Vodafone up on Indian tax ruling. The Footsie was rather flat at midday, after swinging between gains and losses in the mid-morning session. Neverthess, the blue chip index was trading within a narrow range with just 26 points se
Read moreLondon open: Footsie flat, Vodafone rises on Indian tax ruling
20th Jan 2012 08:28
The Footsie opened flat on Friday morning, with a rise in the banking sector being offset by resource stocks. The blue chip index nudged just a few points lower to 5,738 in early trading, following yesterday's 0.7% rise on the back of strong macro data and an improving outlook in the Eurozone. In o
Read moreIndian Supreme Court overturns tax decision, Vodafone rises
20th Jan 2012 08:04
Shares in UK telecommunications group Vodafone rose in early trading on Friday on reports that the Indian Supreme Court has overturned an earlier tax-ruling against it from a lower court. The long-running battle centres around a $2.5bn (£1.3bn) tax bill relating to its 67% interest in Vodafone Essa
Read moreFriday newspaper round-up: Google, Vodafone, HSBC
20th Jan 2012 06:51
Shares in Google dropped more than 10% in after-hours trading on Thursday, after the web search giant reported record sales but fell short of analysts' expectations. The company grew its full year revenues by 29% and saw quarterly revenues climb 27% year-on-year to $10.58bn (£6.83bn), including $1.0
Read moreWednesday broker round-up
18th Jan 2012 09:32
BT Group: UBS downgrades from buy to neutral, target cut from 230p to 210p. Tullow Oil: finnCap retains sell rating and 1,000p target. Man Group: Peel Hunt keeps buy stance but puts 245p target under review. Vodafone: On UBS's most preferred telecoms list. Rio Tinto: UBS cuts target from 5,500p
Read moreLondon close: French downgrade rumours sink Footsie
13th Jan 2012 16:34
Markets turned south in afternoon trade on rumours of imminent action by ratings agency Standard & Poor's (S&P) to downgrade the ratings of several Eurozone countries. A senior Eurozone government official has been cited as saying that both France and Austria could have their ratings downgraded by
Read more