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London close: Heavy losses for Footsie

Thu, 02nd Jul 2009 16:37

Footsie closed the day nursing triple-digit losses as investors took fright following poor US monthly jobs figures.WPP was the day's worst performer as Citigroup downgraded the UK advertising firm to sell from hold, saying a continuation of the trends in the second quarter would suggest a 7.5% organic sales decline in fiscal 2009 and limited growth in fiscal 2010.Rio Tinto also fell despite a strong response to its $15.2bn rights issue. Shareholders have taken up 96.97% of the shares offered to them, with major shareholder Chinalco has taken up its entitlement in full.London Stock Exchange fell after it announced a new pricing scheme yesterday. The stock market operator says the new tariff would have resulted in £3m worth of trading fee reductions between January and March.Diageo, which announced yesterday it is cutting 900 jobs in Scotland as part of a major restructuring, topped the risers.Carphone Warehouse and Vodafone have ended their three year row over monthly contract sales. Vodafone stopped using the retailer for deals involving monthly contracts in October 2006, after it tied itself to an exclusive deal with Phones4U, Carphone's main high street rival.Argos owner Home Retail suffered a major revolt over a new director remuneration package at its AGM today, with 35.6% of shareholders voting against the deal.Nick Prettejohn is quitting his job as chief executive of Prudential's UK and Europe business after three and a half years in the role, having missed out on the top job earlier this year.Pub groups are one of the strong sectors. Brewing and pub group Greene King reported profits ahead of forecasts made at the time of its rights issue in April that raised over £200m for the group. Enterprise Inns, Marston's and Punch are all up in sympathy.Specialist computer and video games retailer Game Group reported a 15.4% drop in like for like sales in the 21 weeks to 27 June, but said it remains confident in the outlook for the full year. The shares have taken a bashing, even so.Oilfield support services firm Petrofac has landed a gas compression project worth over $350m. Petroleum Development Oman (PDO) has awarded Petrofac a contract for the Kauther gas-field depletion-compression project. Intermediate Capital Group (ICG), a leading investor in and manager of buyout debt, today announced a fully underwritten 7 for 2 rights issue to raise £351m.Shares in Elan rallied on news that Johnson & Johnson will acquire substantially all of the assets and rights of the Irish drug firm related to its Alzheimer's Immunotherapy Program. Johnson & Johnson, through its affiliate, will invest $1bn in Elan in exchange for newly issued American Depositary Receipts of Elan which will represent 18.4% of its outstanding ordinary shares.Flexible pipeline supplier Wellstream Holdings has secured 90% of 2009's anticipated revenues at the halfway point.Serge Crasnianski is to take over as interim boss at photo booth operator Photo-Me International until the company finds a permanent replacement for Thierry Barel. Crasnianski is the company's major shareholder and was made deputy chairman yesterday.Speciality pharmaceutical company ProStrakan has avoided a legal battle with Aventis Pharma by settling a tax issue out of court.Tikit said trading in the second quarter proved to be disappointing and warned that it expects its market in the second half of the year to remain difficult. Sierra Leone-focused miner African Minerals has raised £63.8m ($105m) from a cash placing with institutional investors in North America and the UK.The share price of turnaround investment company Volvere continued its good run as the chairman said all of the company's businesses have performed extremely well in 2009.FTSE 100 - RisersDiageo (DGE) 905.00p +0.89%Petrofac Ltd (PFC) 683.00p +0.52%Friends Provident Group (FP.) 68.09p +0.18%Admiral Group (ADM) 877.50p +0.11%FTSE 100 - FallersWPP Group (WPP) 384.50p -7.01%Anglo American (AAL) 1,726.00p -5.81%Rio Tinto (RIO) 2,035.00p -5.70%London Stock Exchange Group (LSE) 663.50p -5.48%Lonmin (LMI) 1,157.00p -5.01%FTSE 250 - RisersCarpetright (CPR) 579.00p +3.67%Intermediate Capital Group (ICP) 505.50p +3.16%Greene King (GNK) 422.25p +2.99%Enterprise Inns (ETI) 133.50p +2.89%Britvic (BVIC) 293.00p +2.63%FTSE 250 - FallersGame Group (GMG) 142.00p -13.41%Dunelm (DNLM) 212.75p -7.50%Aquarius Platinum Ltd. (AQP) 210.00p -7.18%Regus (RGU) 61.50p -6.82%Aegis Group (AGS) 86.50p -6.23%
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24 Feb 2014 14:10

Sector movers: Mobile telecoms gain, industrial metals fall

Shares of Vodafone gained once allowance was made for the share consolidation resulting from the disposal of its 45 per cent stake in US mobile phone company Verizon Wireless. Commenting on the outlook for the company, analysts at Deutsche Bank pointed out that adjusting for the costs associated wi

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24 Feb 2014 13:50

UK MIDDAY BRIEFING: RSA Insurance, HSBC Lead FTSE 100 Lower

LONDON (Alliance News) - RSA Insurance is leading the FTSE 100 lower Monday after the struggling insurer confirmed it is considering a number of measures to bolster its balance sheet, while HSBC Holdings is also down after its results missed market forecasts.<

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24 Feb 2014 11:42

UK WINNERS & LOSERS: Dixons, Carphone Warehouse Rise On Merger Talks

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Monday.

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FTSE 100 - WINNERS

Vodafone Group, up 6%. Vodafone's shares have jumped after the 6-for-11 consolidation of i

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24 Feb 2014 10:47

UPDATE: Dixons Retail In Merger Talks With Carphone Warehouse

LONDON (Alliance News) - Shares in electronics retailer Dixons Retail PLC and mobile phone retailer Carphone Warehouse Group PLC shot higher Monday after they confirmed they are in merger talks. In separate but similar statements, the two companies said the talks are at a very preliminary s

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24 Feb 2014 10:06

Dixons Retail In Merger Talks With Carphone Warehouse

LONDON (Alliance News) - Shares in electronics retailer Dixons Retail PLC and mobile phone retailer Carphone Warehouse Group PLC shot higher Monday after Dixons confirmed the companies are in merger talks. Dixons said the talks are at a very preliminary stage, and there is no certainty a de

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24 Feb 2014 10:04

UK's Dixons, Carphone Warehouse in merger talks

LONDON, Feb 24 (Reuters) - Dixons Retail, Europe's No. 2 electricals retailer, and Carphone Warehouse, Europe's No. 1 independent mobile phone retailer, said on Monday they are in merger talks. "The boards of Dixons and Carphone Warehouse note the recent speculation and confirm that the two

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31 Jan 2014 15:22

Sector movers: BT boosts telecoms, defensives gain in sell-off

An upbeat outlook from phone and broadband giant BT boosted the fixed line telecoms sector on Friday after the company's third-quarter statement impressed. Meanwhile, ongoing volatility on the wider stock market - due to emerging-market concerns and rising deflationary risks in the Eurozone - was p

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30 Jan 2014 16:35

Broker snap: Barclays welcomes Carphone's Samsung deal

Broker Barclays has raised its target price on Carphone Warehouse after the telecoms retailer did a deal with South Korean electronics giant Samsung to run more than 60 Samsung stand-alone stores across Europe. Barclays upped its price to 290p from 270p, but kept its 'equal weight' rating. On Wedn

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30 Jan 2014 10:13

UK BROKER RATINGS: Canaccord Cuts Brewin Dolphin To Hold

LONDON (Alliance News) - The following UK shares received analyst recommendations Thursday morning:
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FTSE 100
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JEFFERIES STARTS STANDARD CHARTERED WITH 'UNDERPERFORM' - PRICE TARGET 1100 PENCE
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UBS CUTS PEARSON PRICE

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30 Jan 2014 09:06

Thursday broker round-up UPDATE

Amedeo Resources: Daniel Stewart initiates with a target price of 2p and a buy recommendation. Anglo American: Credit Suisse ups target price from 1600p to 1650p and leaves its neutral rating unchanged. Antofagasta: Citi takes target price from 270p to 290p, but still recommends selling. JP Morgan

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29 Jan 2014 17:00

London close: Stocks swing into the red as investors weigh emerging markets, Fed

- Stocks swing sharply into red in afternoon trade - Renewed EM currency volatility follows rate hikes - Wall Street lower ahead of Fed decision - Miners rise after strong updates, Sainsbury boss exits techMARK 2,768.00 -0.48% FTSE 100 6,544.28 -0.43% FTSE 250 15,688.31 -0.18% Market volatility re

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29 Jan 2014 15:45

FTSE 250 movers: BTG slides following broker comments

Healthcare company BTG was a heavy faller despite saying trading for the four months to January 28th had been in line with expectations. The group was hit by comments from finnCap and N+1 Singer, which both reitered their 'sell' rating on the stock. The group, which develops products targeting crit

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29 Jan 2014 12:39

UK MIDDAY BRIEFING: J Sainsbury Hit By Justin King Departure

LONDON (Alliance News) - Supermarket operator J Sainsbury is the biggest faller on the FTSE100 Wednesday after the surprise resignation of long-time chief Justin King, while FTSE250-listed Carphone Warehouse is doing well after signing a deal to run the stores

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29 Jan 2014 11:58

London midday: Gains erased ahead of Fed as emerging-market concerns remain

- Turkey hikes rates, lira strengthens but gains pared - Antofagasta, Anglo American, Randgold impress with updates - Sainsbury falls after King departure - Barclays considering branch closures, job cuts techMARK 2,784.36 +0.10% FTSE 100 6,578.86 +0.10% FTSE 250 15,808.49 +0.59% UK markets had com

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29 Jan 2014 11:26

UK WINNERS & LOSERS: Builders Benefit From UK House Price Rise

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Wednesday.

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FTSE 100 - WINNERS

Antofagasta, up 7%. The company said it has achieved record copper pro

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