Land line users leave Telefonica
28th Jun 2011 12:03
Spanish telecom giant Telefonica lost one million land lines to alternative telephone operators last year. Data presented by Spain's Telecommunications Commission in Madrid reveals that the telephone operator, headed by Cesar Alierta, closed 2010 with a market share of 52.7%, which represents a 2.
Read moreMonday newspaper round-up: Vodafone, Bank of England, BSkyB, cotton surge
27th Jun 2011 06:44
Vodafone is set to raise £1bn this week by quitting Poland's second-largest mobile phone network as part of a retreat from countries where it does not have outright control. Vodafone owns nearly 25% of Polkomtel, and its co-owners ? which include a state-owned copper miner, oil refiner and coal expo
Read moreSector movers: Charter pressures engineers lower
20th Jun 2011 16:34
Engineering business Charter International saw shares plummet on Monday, dragging the industrial engineering sector lower. Shares were over a quarter lower after the group warned that figures for 2011 are expected to be below forecasts given in its last update in April as a mixed trading picture em
Read moreSector movers: Metals/mining stocks fall on demand worries
16th Jun 2011 15:57
The industrial metals and mining sector is the worst performing sector on Thursday. Resource stocks suffered a bout of profit-taking as fears on global growth continued to dampen the markets, causing concerns over the demand for commodities. Talvivaara Mining, London Mining, Ferrexpo, Toledo Minin
Read moreFTSE 100 movers: Autonomy leads the decline
16th Jun 2011 14:12
Just three stocks are making gains, with WPP, Capita and Vodafone edging slightly higher. Meanwhile, Autonomy is the worst performer on the blue chip index, losing over 4%. Engineering peers GKN, IMI and Weir are also lower. The miners are lower today, as global growth fears dampen the markets. Lo
Read moreLondon close: FTSE 100 slumps after US jobs shock
1st Jun 2011 16:38
After a directionless start, the top share index fell deep into the red ahead of the close, with some unfavourable US economic data denting sentiment. Rio Tinto held out to finish with gains. The mining giant announced today that it is to establish a large-scale presence in commodity hungry China
Read moreSector movers: Tate & Lyle sweetens food sector
1st Jun 2011 14:38
The food producing sector is sweeter, helped by gains from sugar producer and food ingredients firm Tate & Lyle. Yesterday, the group had its target price raised by 8% by UBS. Tate & Lyle announced last week that it managed to offset reduced selling prices for its SPLENDA Sucralose brand to grow
Read moreFTSE 100 movers: Ex-div stocks provide a drag
1st Jun 2011 14:07
National Grid, Vodafone and Marks & Spencer were among the blue chips that went ex-dividend today, providing a drag over the lunchtime period. Mining giant Rio Tinto is trading higher after announcing today that it is to establish a large-scale presence in commodity-hungry China with the formation
Read moreLondon midday: Stocks seeking direction
1st Jun 2011 12:16
Stocks are uncertain which way to move after a rally that brought the top share index past the psychologically important 6,000 point barrier yesterday. Rio Tinto is doing its bit to keep the FTSE 100 close to that level. The mining giant announced today that it is to establish a large-scale presenc
Read moreLondon open: Footsie slips into red in early trading
1st Jun 2011 08:29
The Footsie has opened up in the red, with ex-div stocks National Grid, Marks and Spencer and Vodafone providing an early drag. Plumber's merchant Wolseley has taken a hit after it saw like for like (LFL) revenue growth of 6% in its third quarter. This represents a slow-down from the LFL growth ra
Read moreSector movers: Outsourcers bolster support services
31st May 2011 16:41
The support services sector was among the best performing sectors of the day, helped by blue chip outsourcing peers Serco and Capita. Serco, the outsourcing company whose activities include running prisons and London's Docklands Light Railway, announced the acquisition of India-based service provid
Read moreFTSE 100 movers: Glencore falls lower on debut
25th May 2011 15:26
The new kid on the block is new-floated commodity trading house Glencore, which has fallen lower on its debut on the FTSE 100. The Telegraph today labelled the group with its 'avoid' rating "as there are likely to be better opportunities elsewhere that carry less risk." Oil groups Essar Energy and
Read moreBroker tips: Vodafone, BTG, Homeserve
25th May 2011 10:02
While Nomura leaves its target price for Vodafone at 210p, the broker downgrades the telecoms giant from 'buy' to 'neutral', saying that "customer lifetime value [is] heading in the wrong direction." "Despite the push on smartphones, European mobile momentum is heading south. Both O2 and KPN manage
Read moreBroker snap: Vodafone downgraded to 'neutral'
25th May 2011 09:49
While Nomura leaves its target price for Vodafone at 210p, the broker downgrades the telecoms giant from 'buy' to 'neutral', saying that "customer lifetime value [is] heading in the wrong direction." "Despite the push on smartphones, European mobile momentum is heading south. Both O2 and KPN manage
Read moreSector movers: Vodafone lifts telecoms sector
17th May 2011 16:00
Telecoms giant Vodafone is edging higher on the Footsie, helping gains in the mobile telecommunications sector. Strong growth in the emerging markets and the increasing popularity of smartphones helped Vodafone post higher revenues and profits in the year to 31 March. Meanwhile, the technology har
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