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LONDON (Alliance News) - UK stocks closed mixed Friday, with the FTSE 100 outperforming its smaller index peers, but the FTSE 250 fell sharply for a second consecutive session, and a third in total, after another busy day of reporting by its constituents.
The mid-cap index had its w
LONDON (Alliance News) - Carphone Warehouse and Virgin Group are in exclusive talks to sell their Virgin Mobile France joint venture to Numericable Group for EUR325 million, just a day after Carphone announced its GBP3.6 billion merger with Dixons Retail.
The joint
LONDON (Alliance News) - The following is a summary of top news stories Friday.
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COMPANIES
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Coca-Cola HBC AG, the second largest bottler of the brands of The Coca-Cola Co, said its full-year expectations for the year ahe
LONDON (Alliance News) - UK stocks trade lower Friday, with a notable divergence continuing between the UK's leading index, the FTSE 100, and its mid-cap peer, the FTSE 250. A lack of new top-tier economic data and a quieter corporate calendar Friday leaves little to shift the sentiment fro
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(Adds detail) LONDON, May 16 (Reuters) - Carphone Warehouse and entrepreneur Richard Branson's Virgin Group have entered exclusive talks with French telecoms company Numericable to sell Virgin Mobile France, their joint venture mobile virtual network operator, for an enterprise value of 32
Read moreLONDON (Alliance News) - UK shares have opened mostly flat Friday, though mid- and small-caps are slightly outperforming, after disappointing European economic data on Thursday has been followed by a dearth of fresh leads Friday.
Intertek leads the FTSE 100 fallers,
LONDON, May 16 (Reuters) - Carphone Warehouse, Europe's biggest independent mobile phone retailer, said it and the other shareholders of the Virgin Mobile business in France have agreed to sell the venture to Numericable Group for an enterprise value of 325 million euros ($446 million). Ca
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- FTSE closes down 37.60 points at 6,840.89 - Eurozone GDP misses expectations, Italy, France disappoint - Russia says oil must be paid for - Telecoms, airlines fall techMARK 2,757.75 -1.26% FTSE 100 6,840.89 -0.55% FTSE 250 15,616.54 -2.24% The City ended today's session on a downbeat note, weigh
Read moreLONDON (Alliance News) - Global stock indices lost ground Thursday amid a raft of disappointing eurozone economic data and concern over some disappointing company updates, with the FTSE 250 mid-cap index suffering its heaviest loss in more than six months, losing more than 350 points, as inves
Read moreTelecoms were trading with steep losses on Thursday with heavyweights Vodafone, TalkTalk and Carphone Warehouse pulling the sector lower. Vodafone's shares were under pressure, trading 3.2% lower, after Goldman Sachs cut its recommendation for the stock from 'buy' to 'neutral' and reduced its targe
Read moreInfinis rose strongly after Deutsche Bank upgraded the stock to 'buy' with a target price of 220p. The share price of Kier also rose after the construction, services and property group was named as a preferred bidder on two new long-term Anglian Water contracts and gave a positive update on third-q
Read more* Companies see merger benefits worth 80 mln stg * Dixons CEO Seb James to be CEO of combined company * Dixons expects FY profit of 150-160 mln stg (Adds quotes, details) By James Davey and Neil Maidment LONDON, May 15 (Reuters) - Britain's Carphone Warehouse and Dixons
Read moreNumis Securities has upgraded bourses operator London Stock Exchange from 'hold' to 'add' after the company identified more cost savings from its recent acquisition of LCH.Clearnet. "The strategic development of the LSE continues and we believe the LSE is well placed to take advantage of the global
Read moreLONDON (Alliance News) - Shares in Carphone Warehouse Group and Dixons Retail took a hit Thursday after the companies announced a GBP3.6 billion merger that will create the UK's biggest retailer of mobile phones and electrical goods.
The new firm,
LONDON (Alliance News) - US stocks are called to open modestly lower Thursday, as investors digest a weaker-than expected quarterly earnings report from Wal-Mart, and ahead of a raft of top-tier US macro-economic data. Wal-Mart, which is the world's biggest retailer, is weighing on equity f
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