FTSE 100 movers: Tullow recovers, Tesco and Morrison hit by Nielsen data
28th Aug 2015 14:04
(ShareCast News) - By mid afternoon on Friday, the FTSE 100 was almost exactly flat on the day, meaning despite all the drama of China's 'Black Monday', London's blue chips would end the week higher than they finished the Friday before. Leaving the rest in its wake by mid-afternoon was Inmarsat, aft
Read moreFTSE 100 movers: Weir Group rallies on Schlumberger deal; WPP drops after results
26th Aug 2015 13:13
(ShareCast News) - London's FTSE 100 was up 0.2% to 6,091 by 1352 BST, recovering from earlier losses, although worries about a slowdown in China continued to unsettle investors. Engineering company Weir got a boost from M&A news in the sector, after it emerged that oilfield services group Schlumber
Read moreTuesday newspaper round-up: Black Monday, Asia divergence, Apple, Shell-BG deal off?
25th Aug 2015 07:14
(ShareCast News) - A global stock market sell-off and tumbling oil prices have increased fears that some of this year's largest takeover deals are at risk of falling apart - including Royal Dutch Shell's $70bn bid for UK rival BG Group. Over the past week, the gap between the agreed price of several
Read moreFTSE 100 movers: Mining stocks continue to suffer
17th Aug 2015 13:40
(ShareCast News) - The FTSE 100 was down 0.47% to 6,520 points as depressed metals and oil prices continued to hammer mining stocks. BHP Billiton shares were down 1.39%, while Glencore stock was 1% lower after the Daily Telegraph reported that activist investor Harris Associates has built a £250m po
Read moreLondon close: FTSE 100 ends lower after busy day of economic news
14th Aug 2015 16:14
(ShareCast News) - The FTSE 100 ended the week in negative territory as investors sifted through a batch of economic data and weighed developments in China and Greece. Early in Friday's session, a report showed UK construction output rose 2.6% year-on-year in June, missing analysts' estimates for a
Read moreBroker tips: Lloyds, Weir Group, Fidessa
3rd Aug 2015 13:35
(ShareCast News) - Charles Stanley downgraded Lloyds Banking Group to 'hold' from 'accumulate', citing tax and PPI headwinds. It also said that with the shares trading on a premium rating of 1.6x 30 June 2015 tangible book value, material near-term upside may be limited. However, the brokerage stil
Read moreInvestec upgrades Weir Group to 'hold' off management guidance
3rd Aug 2015 11:08
(ShareCast News) - Analysts at Investec upgraded their rating for Weir Group to 'hold' from 'sell' and kept a price target of 1450p. Investec analyst Thomas Rands said forecasts for the engineering group were updated off new management guidance which resulted in a 10% downgrade to its 2015 full year
Read moreWeir's first-half profit tumbles 75% as oil slump weighs
30th Jul 2015 09:16
(ShareCast News) - Industrial engineer Weir Group posted a 75% fall in first-half pre-tax profit due to a downturn in US oil and gas activity. Pre-tax profit in the 26 weeks to 3 July came in at £38.7m down from £157.7m in the same period a year ago, on revenue of £1bn, down 13% from £1.14bn. Weir
Read moreLondon close: Stocks drop on lack of fresh Greek proposals
7th Jul 2015 16:37
Failure by Greece to present a new cash-for-reforms package to Eurozone finance ministers sent UK stocks firmly lower on Tuesday, with heavyweight mining shares bearing the brunt of an aversion to risk and sell-off in metal prices. Despite hopes that Athens would table a new plan an at emergency sum
Read moreFTSE 100 movers: Defensives gain, miners sold off as risk appetite wanes
7th Jul 2015 15:16
Defensive sectors such as real estate and pharmaceuticals were performing well while commodity stocks were falling on Tuesday, with investors reducing their appetite for risk as European leaders met in Brussels to discuss Greece's future. Stocks which tend to hold up better in times of economic inst
Read moreLondon midday: Stocks weaken ahead of Greek summit as crisis continues
7th Jul 2015 11:14
Oil and gas stocks dragged the UK equity market lower on Tuesday after the recent plunge in crude prices, as investors showed caution ahead of a key Eurozone summit on Greece. The FTSE 100 was down 0.13% at 6,526.92 by midday, with Rolls-Royce providing a further drag as the stock extended losses fo
Read moreLondon open: Stocks inch lower ahead of key Greek summit
7th Jul 2015 09:15
UK stocks were trading slightly lower on Tuesday morning as investors awaited news from a meeting of Eurozone officials to discuss fresh proposals from Greece. The FTSE 100 was down 0.17% at 6,524.60 early on with oil and gas stocks out of favour following the recent plunge in crude prices. Stocks
Read moreLondon pre-open: Stocks to inch higher ahead of euro meeting on Greece
7th Jul 2015 07:43
UK stocks are expected to edge higher on Tuesday morning, though upside will only be moderate as investors continue to watch the latest developments in Greece. City sources predict the FTSE 100 will open 12 points higher than Monday's close of 6,535.68. Stocks worldwide had slumped on Monday after
Read moreWeir buys US-based Delta Industrial Valves for up to $47m
7th Jul 2015 07:07
Weir Group said on Tuesday that it has agreed to acquire US-based Delta Industrial Valves for an enterprise value of up to $47m. An initial consideration of $37m will be payable on completion of the deal, $21m in cash funded from existing banking facilities and $16m in new equity, enabling the owner
Read moreSector movers: Engineering, oilfield service companies keep London market in the green
23rd Jun 2015 16:32
Industrial engineering and oilfield services stocks kept the London market in positive territory on Tuesday as fears of Greece defaulting on its debt appeared to be receding. At 1545 BST, the blue chip FTSE 100 was trading up 0.34% or 23.22 points at 6,848.890 as the headline Markit/HSBC Chinese man
Read more