Stocks
FTSE 100 ends choppy week on a high note, Rightmove soars to all-time high
(GUARDIAN) - The FTSE 100 ended the week on a high note after rebounds for miners and rises for banks while among the midcaps property website Rightmove soared to an all-time high on record results.
The FTSE 100 finished up 76.3 points, or 1.5%, at 5354.5 after a volatile week which left it [...]
STOCKS NEWS EUROPE-Mouchel rises; bid saga “set to run”
(REUTERS) - Shares in Mouchel (MCHL.L) gain 6.5 percent, rallying after falling 11.9 percent late in the previous session as investors assess hopes for a takeover of the infrastructure services firm following a session of twists on Monday.
Mid cap peer VT Group’s (VTG.L) raised its hostile takeover approach for Mouchel early [...]
UK investors take £10bn hit on dividends
(THIS IS MONEY) - Investors were forced to take a hefty 15% cut in share dividends on the chin last year, a new survey has revealed.
The figures, compiled in Capita Registrar’s Dividend Monitor, reveal that £57bn was paid out by companies - £10bn less than 2008.
The news will hit shareholders hard, as receiving [...]
Arm beats expectations ahead of possible FTSE 100 promotion
(GUARDIAN) - Arm, the UK-based chip designer, has beaten market expectations with a surge in sales of smartphones and the launch of the first mobile computers based on its technology.
In a tough economic climate the company reported full year profits of £96.8m, down 4%, and said 2010 figures were expected to [...]
Widen the range for returns on a flat FTSE
(FT) - Investors who believe the FTSE 100 will struggle to make progress this year are being offered new products that can generate positive returns in flat, or “range-bound”, markets.
At the end of last year, as the FTSE 100 rose above 5,400, three-fifths of fund managers polled by the Association of Investment [...]
eToro Announces British Trading Challenge Winners
Top ten novice foreign exchange and commodities traders achieve over £56,000 profit in the first British Trading Challenge hosted by eToro.
London, UK (PRWEB) December 18, 2009 — eToro (Forex trading profit of £15,500. Commenting on his win, Mr. Valiyaveetil, who takes home £1000 in prize money said: “I discovered Forex while browsing the internet; I [...]
Lloyds investors expected to take up more than 90% of share issue
(FT) - Investors in Lloyds Banking Group are expected to have subscribed to or sold the rights to more than 90 per cent of the new shares issued through the bank’s £13.5bn rights issue.
The share issue was launched two weeks ago and investors had until yesterday morning to trade their rights to buy the new [...]
U.K. Stocks Fluctuate; Royal Bank Gains as Man Group Declines
(Bloomberg) — U.K. stocks fluctuated as Chancellor of the Exchequer Alistair Darling pledged to maintain support until the economic recovery is secured, countering a retreat in Man Group Plc.
Royal Bank of Scotland Group Plc and Lloyds Banking Group Plc rose as Darling said the economy will recover from its longest recession on record next year [...]
Pre-Budget warning from British Chambers of Commerce
(BBC) -There should be no “sacred cows” when it comes to making spending cuts in the pre-Budget report, a national business body has warned.
In its latest economic assessment, the British Chambers of Commerce (BCC) said reform of the public sector must be the “cornerstone of a credible plan”.
The public sector employs nearly six million people [...]
Market Report: BA shares take flight on merger dividends
(THE INDEPENDENT) - British Airways was the stand-out riser as the FTSE 100 firmed up last night, leading the blue chips as traders moved in to capitalise on the upside from the merger with Iberia.
The catalyst was a new “buy” note from Citigroup, whose analysts raised their target price for the stock to 280p to [...]
