FTSE 100 down on Italian uncertainty December 10, 2012 Concerns over the health of the Eurozone weighed on the blue chip index this morning, following Italian Prime Minister Mario Monti’s announcement that he intends to resign after the 2013 budget is approved. The FTSE 100 was trading 0.2 per cent down in early trading, led down by insurer Aviva and miner Eurasian Natural Resources, [...]
FTSE up despite regulatory probes December 6, 2012 The FTSE 100 was up in early trading, rising 0.4 per cent to break through the important 5,900 barrier, with some of the main share price moves driven by regulatory investigations. Rolls-Royce fell heavily after admitting that it was co-operating with the Serious Fraud Office on a probe into potential corruption and bribery at its [...]
Every little helps as Tesco boosts FTSE December 5, 2012 Tesco proved that every little helps by assisting the FTSE to a healthy rise in early trading. The supermarket group admitted last night that it is considering giving up on its struggling US venture, exciting investors who have grown exasperated with the company’s inability to transfer its success to the other side of the Atlantic. [...]
London rejoices as Megafon IPO defies the odds November 28, 2012 MEGAFON, the mobile telecoms group controlled by Russia’s richest man, Alisher Usmanov, became the second largest share offering in Europe this year as it raised $1.7bn (£1.06bn) yesterday in London and Moscow despite concerns which had earlier led Goldman Sachs to step aside from the deal. The deal was assisted in its final stages by [...]
SABMiller lifts FTSE 100 November 22, 2012 The leading share index was trading up this morning, as brewer SABMiller led the FTSE 100 up. Headline mining shares were also among the gainers this morning, as a return to growth in Chinese manufacturing activity boosted demand for metal companies. On the FTSE All-Share, Mothercare jumped almost nine per cent, on news that first-half [...]
FTSE 100 down on global growth concerns November 16, 2012 The blue chip index edged down in early deals as investors fretted over US fiscal cliff concerns and Eurozone growth. Buyout group Melrose was the biggest faller on the leading share index, shedding 13.69 per cent as it said it was facing slowing revenue trends. Utility firm Pennon firm 2.55 per cent, while steelmaker Evraz [...]
Evraz falls as it seeks to make changes to its bond covenants November 14, 2012 DEBT-LADEN Russian steelmaker Evraz yesterday asked the holders of a $750m (£428m) bond maturing in 2015 to approve the removal of a covenant, sending its shares tumbling. “The company is seeking approval by way of an extraordinary resolution of the holders of the notes to remove a covenant requiring the company to maintain the net [...]
Bullish US fails to prop up the FTSE as Eurozone fear weighs on stocks November 14, 2012 UK shares fell yesterday, testing a two-month low but failing to break a main support level as growth fears in Europe led stocks that are vulnerable to a downturn in economic activity lower. The FTSE 100 index was down 1.1 per cent at 5,722.01 points at the close, having gained 0.3 per cent in the [...]
Weak investor sentiment holds back FTSE 100 November 14, 2012 Worries over the US economy and Greece’s unresolved debt crisis dragged down the leading share index in early trading this morning. On the FTSE All-Share, broker Icap led the fallers, tumbling 6.32 per cent as it reported a 26 per cent drop in profits. Electricals retailer Darty fell 5.46 per cent in early deals, as [...]
Russia’s Evraz hurt by lower steel output October 18, 2012 RUSSIAN steelmaker Evraz yesterday posted a three per cent drop in steel production year on year over the three months to September. The FTSE 250 firm cited lower production at the Vitkovice steel operations in the Czech Republic and Highveld in South Africa for the drop in output. Evraz this month temporarily shut down production [...]