Dixons Carphone share price falls 5 per cent after JP Morgan broker downgrade makes it the biggest faller on the FTSE 100 January 27, 2015 Dixons Carphone's share price fell as much as 5.6 per cent in early afternoon trade today, making it the biggest faller on the FTSE 100, after a broker downgrade. Morgan Stanley slashed the stock's rating to "underweight" from "equal weight," saying the shares were significantly overvalued and that it was "not a growth business." "While [...]
FTSE stays fresh but Coca-Cola HBC stock goes worse than flat – London Report January 26, 2015 THE FTSE closed at a fresh four-month high yesterday helped by a rebound in energy shares, although hefty falls in Greece-exposed Coca-Cola HBC capped gains. Heavyweight oil & gas majors BP, BG and Shell rebounded sharply in the afternoon after the secretary-general of the Organization of the Petroleum Exporting Countries (Opec), Abdullah al-Badri, said he [...]
Profit warnings at FTSE listed companies soar to crisis levels January 26, 2015 Profit warnings from UK-listed corporates hit a six-year high last year, despite stronger economic growth across the country. FTSE-listed firms issued 299 profit warnings last year up from 255 in 2013. The figure is the highest since the peak of the financial crisis in 2008. A fifth of the warnings were sparked by contract delays [...]
UK growth lift as FTSE aims to test 7,000 level – London week ahead January 25, 2015 THE FIRST estimate of GDP growth in the fourth quarter of 2014 looks set to deliver good news this week, with growth of around 0.6 per cent on the previous quarter and 2.8 per cent year-on-year. Howard Archer, of IHS Global Insight, said: “Ongoing robust services expansion likely ensured that GDP growth held up pretty [...]
Positive Pearson picture sends share price up leading FTSE higher January 21, 2015 Shares in Pearson were up as much as five per cent this morning leading the FTSE 100 higher as the education business and publisher of the Financial Times said it expects earnings at the top end of forecasts. Investors were cheered to learn that earnings for 2014 are expected to come in at 66 pence [...]
Chinese growth data pushes FTSE 100 higher – London Report January 20, 2015 MINING stocks boosted the FTSE 100 yesterday, after Chinese data beat expectations which pleased mining companies that export to the country, although a tepid outlook from Unilever kept confidence in check. The FTSE 100 index closed 0.5 per cent higher at 6,620.10 points, after earlier reaching its highest point since the start of 2015 at [...]
Stronger energy stocks shield FTSE from Swiss surprise – London Report January 15, 2015 Switzerland’s skyrocketing currency rattled the FTSE 100 yesterday but the index recovered from the jitters, and a rise in miners and energy stocks helped lift the market. The blue-chip FTSE 100 index closed up by 1.7 per cent at 6,498.78 points. The FTSE had fallen after the Swiss National Bank (SNB) decided to scrap its [...]
Company floats in 2014 score higher than FTSE 100 average January 14, 2015 IF YOU invested in any the 30 companies that completed public floats last year, chances are you’ll be happy you did. Research out from Deloitte shows the 2014 additions to the share market generated an average return of 12.4 per cent, outperforming the FTSE 100 by 14.4 percentage points. An investment of £1,000 in each [...]
Metal stocks rock the FTSE as oil slide effects continue – London Report January 14, 2015 THE FTSE 100 slumped more than two per cent lower yesterday following a plunge in metal stocks. Global growth concerns prompted jittery investors to exit mining stocks en masse. The mining sub-index dropped 6.2 per cent, the biggest one-day percentage fall in three years, after copper fell as much as eight per cent to its [...]
Supermarket surge after top boss bows out boosts FTSE 100 – London Report January 13, 2015 MORRISONS’ surge buoyed the FTSE 100 yesterday, after the grocer announced that its chief executive had been shown the door following its poor performance during the busy Christmas trading season. The blue-chip FTSE 100 index was up 0.6 per cent at 6,542.20 points at the close. But weaker commodity stocks on the back of fresh [...]