London midday: Stocks rise with Eurozone in focus
1st Mar 2012 11:45
- Merkel willing to consider bailout fund increase. - Man Group surges after shaking up divi policy. - Tata weighing up a bid for Cable and Wireless Worldwide. -Italian and Spanish long-term bond yields fall below 5%. London's FTSE 100 index was trading at its highest levels of the day by lunchtime
Read moreThursday broker round-up - UPDATE
1st Mar 2012 09:33
RBS: Berenberg downgrades to sell from buy. Randgold Resources: Nomura maintains buy rating and 9,850p target. BG Group: Nomura maintains buy rating and 1,865p target. WPP: Nomura maintains buy rating and 990p target. BAE Systems: UBS ups target from 320p to 360p, buy rating unchanged. Capita:
Read moreLondon open: Man Group leads the rise early on
1st Mar 2012 08:46
- Man Group surges after shaking up divi policy. - Chinese manufacturing continues to expand. - Tata weighing up a bid for Cable and Wireless Worldwide. London's blue chips edged higher on Thursday morning, helped by a strong rise performance by Man Group. Meanwhile, Chinese manufacturing data help
Read moreWeir issues bid deadline reminder
1st Mar 2012 07:23
Scottish engineering group Weir is nervously awaiting the outcome of the Review Panel of the Australian Takeovers Panel regarding the bid battle for Ludowici, and has reminded the Aussie mining equipment supplier's shareholders that its offer will remain open for acceptance until six hours past the
Read moreThursday tips round-up: Sportingbet, Restaurant Group, Weir
1st Mar 2012 06:54
The Times's Tempus column ponders whether Sportingbet is worth a gamble. It's making a lot of money in Australia while its Spanish and Greek operations are beginning to fall under proper regulation. That is key for Sportingbet because in order to make itself an interesting morsel for one of the bigg
Read moreLondon close: Bernanke comments fuel late sell-off
29th Feb 2012 16:27
- Stocks tumble on Bernanke comments. - Higher-than-expected LTRO take-up. - ITV surges on 'exceptional turnaround'. After trading within a narrow 20-point range for the majority of the day, the FTSE 100 plummeted late on as US Federal Reserve Chairman Ben Bernanke gave some gloomy comments the e
Read moreFTSE 100 movers: ITV is the one to watch
29th Feb 2012 15:03
Terrestrial broadcaster ITV was the one to watch on Wednesday, after seeing its revival continue in 2011, with the group shrugging off concerns about a subdued advertising market to achieve top-line growth and forecast-beating profits. Adjusted profit before tax was comfortably ahead of market expe
Read moreLondon midday: Stocks settle after ECB refinancing
29th Feb 2012 11:38
- Higher-than-expected LTRO take-up. - ITV surges on 'exceptional turnaround'. - Ludowici issues overshadow impressive 2011 for Weir. The initial celebration of the results of the European Central Bank's (ECB's) refinancing operation quickly faded in late morning trade, with the Footsie broadly fl
Read moreLondon open: Stocks flat ahead of ECB refinancing operation
29th Feb 2012 08:31
- Investors await ECB's LTRO. - ITV jumps 7% after strong 2011. - Ludowici issues overshadow impressive 2011 for Weir. The Footsie lacked direction in the opening hour on Wednesday as investors hold out for the result of the European Central Bank's (ECB's) second longer term refinancing operation,
Read moreLudowici issues overshadow Weir's impressive 2011
29th Feb 2012 08:18
Engineering giant Weir hit its 2014 profit targets early, after seeing adjusted pre-tax profits rise by a third in 2011, helped by record performances in its Minerals and Oil and Gas divisions. The board has recommended a 22% increase in the full-year dividend to 33p per share, up from the 27p payo
Read moreWeir's bidding war continues over Ludowici
29th Feb 2012 07:25
The ongoing battle between FTSE 100 engineer Weir and Danish rival FLSmidth over the takeover of Australian mining equipment supplier Ludowici is raging on with both companies continuing to raise their offer prices to outdo the other. Back on February 10th, Weir announced that it would pay A$7.92 p
Read moreLondon midday: Footsie nudges higher ahead of US open
24th Feb 2012 11:49
- Lloyds falls on tough outlook for 2012. - Consumer product groups Unilever, Reckitt sold off. - BoE's Fisher thinks outlook is 'incredibly uncertain'. The Footsie was trading just a few points higher by midday on Friday, as a decline in consumer products stocks, miners and Lloyds was offset by a
Read moreLondon open: Lloyds tumbles but Footsie stays flat
24th Feb 2012 08:26
- Lloyds drops after gloomy outlook. - Hammerson up as NAV rises 7%. - BoE's Fisher thinks outlook is 'incredibly uncertain'. The Footsie opened broadly flat on Friday as a strong rise by Capita and Hammerson managed to offset a fall in the mining and banking sectors following a negative reaction t
Read moreWeir extends Ludowici offer period
24th Feb 2012 07:25
Scottish engineering giant Weir, which on Thursday raised its offer to buy Australian mining equipment supplier Ludowici, has agreed to give the Ludowici board more time to consider the bid. Weir has informed Ludowici that its offer will now remain open for acceptance until six hours after a decisi
Read moreWeir ups Ludowici offer to match rival FLSmidth
23rd Feb 2012 16:22
FTSE 100 engineering giant Weir has submitted a binding offer and raised its offer price to buy Australian mining equipment supplier Ludowici, matching the recently-upped offer from Danish rival FLSmidth. Back on February 10th, Weir announced that it would pay A$7.92 per Ludowici share, representin
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