Broker snap: Credit Suisse cuts target for Vodafone on weaker Europe
8th Sep 2011 10:27
While Credit Suisse still believes that Vodafone can outperform the FTSE 100 in the next 12 months, it has cut its earnings forecasts to reflect a weaker European economic outlook. Following poor economic indicators, accelerated austerity plans in Italy, Greece and Spain, and cuts to gross domestic
Read moreSector movers: Vodafone rises on Greek deal
1st Sep 2011 13:46
Telecommunications stocks were heading north on Thursday with sector giant Vodafone rising higher, two days after it confirmed that it is talks to merge its Greek telecoms business with privately-owned rival Wind Hellas. Discussions with Largo Limited, the owners of Wind Hellas, were said to be at
Read moreSector movers: Norcros builds on gains for construction stocks
31st Aug 2011 14:36
Norcros, the home products group behind Tritons showers, is a high riser among construction and materials stocks, pulling the sector to the top of the pile. The firm announced on Wednesday that it is to sell land to supermarket chain Morrisons in a deal which could be worth £2.6m. The deal will see
Read moreFTSE 100 Movers: RBS at top of the leaderboard
30th Aug 2011 12:02
Banking giants RBS, Barclays and Lloyds were topping the FTSE 100 leaderboard as they headed north after the bank holiday weekend. RBS was performing particularly well after Deutsche Bank upgraded the company from 'hold' to 'buy'. Gold miner Randgold Resources took a knock after its Loulo/Gounk
Read moreVodafone pondering Greek tie-up
30th Aug 2011 07:46
UK-based mobile phone network leviathan Vodafone is in talks to merge its Greek telecoms business with privately-owned rival, Wind Hellas. Discussions with Largo Limited, the owners of Wind Hellas, are at an early stage and there is no certainty as to whether an agreement will be reached, the Vodaf
Read moreSunday tips round-up: G4S, Gem Diamonds, Amec ...
21st Aug 2011 16:25
Security firm G4S has a good record of performing in tough times. In the last downturn, its top line growth never fell below 2%, and it has typically expanded at two percentage points above gross domestic product, notes James Ashton in the Sunday Times. Half-year results this week are expected to sh
Read moreThursday tips round-up: Interserve, Inmarsat, Weir Group
11th Aug 2011 06:35
These are busy times for Interserve. The group's support services side does work for a number of London boroughs and for the Metropolitan Police, including running the CCTV control centres at Croydon and Ealing. The shares, up 10.5% to 326½p yesterday, sell on a relatively inexpensive earnings multi
Read moreLondon close: Late recovery not enough, Footsie ends 1% lower
29th Jul 2011 16:33
While the blue chip index still closed with moderate losses, a late partial recovery assured that the Footsie finished firmly above the 5,800 level - after dipping below at in the early afternoon - on reports that US politicians had drawn up a "rough agreement" in regards to the debt ceiling and def
Read moreSector movers: Lloyds drags banks lower after downgrade
29th Jul 2011 16:26
The banking sector was out of favour on Friday, dragged lower by FTSE 100 giant Lloyds. RBS downgraded Lloyds from buy to hold, saying that there appears to be a lack of catalysts for the shares in the near-term. "Given what looks to us like an overambitious top-line strategy, a tough economic back
Read moreFTSE 100 Movers: RBS kettle calls Lloyds pot "black"
29th Jul 2011 12:38
Vodafone's share price was heading north after the company announced it will receive a dividend worth £2.8bn from US associate company Verizon Wireless. Lloyds Banking Group saw its share price take a nose dive after RBS downgraded the UK lending giant from "buy" to "hold", saying that there appea
Read moreLondon midday: Stocks stuck lower amid US worries
29th Jul 2011 12:03
Shares are deep in the red as the ongoing political wrangling over how to deal with the US deficit overshadows a raft of trading updates, several of which get the thumbs up. Banking trio Lloyds, RBS and Barclays are in negative territory. RBS has laid into its peer Lloyds, downgrading the UK lend
Read moreLondon open: US worries overshadow cheery updates
29th Jul 2011 08:29
Shares have moved higher after some upbeat company statements this morning, but, demonstrating its exposure to the global economy, the top share index has slumped on the back of worries over the ongoing deadlock as US politicians debate raising its debt ceiling. Banks such as Lloyds and miners suc
Read moreLondon pre-open: Footsie set to dive below 5800
29th Jul 2011 07:38
The failure of Republicans in the US House of Representatives to muster enough support last night for a programme that will enable the US debt ceiling to be raised has set nerves jangling this side of the Atlantic. The US has until 2 August to raise the debt ceiling. The Republicans are said to be
Read moreVodafone gets the phonecall it's been waiting for
29th Jul 2011 07:07
Vodafone has picked up the phone to some good news after learning it will receive a dividend worth £2.8bn from US associate company Verizon Wireless . Verizon is paying a total dividend equivalent to £6.1bn and Vodafone, which has a 45% stake in the US mobile phone firm, will receive its payment
Read moreFriday newspaper round-up: Vodafone, global slump risk, BP
29th Jul 2011 06:05
Vodafone will pay a £2bn special dividend next year after its patience in hanging on to a minority stake in America's biggest mobile network paid off. The British company, which owns a 45 per cent stake in Verizon Wireless, will receive £2.8bn in dividend payments after Verizon Communications, the m
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