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London open: Weak start from FTSE 100

Tue, 19th Jan 2010 08:41

London's leading share index has fallen into the red in early dealings after a mixed reception for company updates.Brewer SABMiller and property group Land Securities are among the fallers.Peroni and Grolsh brewer SABMiller saw lager volumes dip slightly in the first nine months of its current year with the US in particular under pressure. Land Securities continued to perform well in the third quarter and plans to spend £655m on development projects in London this year. Retail updates were well received by the market.Luxury fashion label Burberry is higher after saying it expects profits for the full year to be at the top end of expectations after seeing strong sales in the last three months of 2009.FTSE 250-listed Carphone Warehouse moves up after saying it expects its full year earnings to be at the top end of expectations after seeing strong trading at both its divisions in the third quarter.Cadbury is the best performer in the FTSE 100. The board of the chocolate maker is close to recommending a takeover from US firm Kraft after a bitter battle for control.Pearson slips back despite the FT publisher raising its forecasts for 2009 for the second time in three months after strong growth in US higher education and a better than expected result from the FT. Water company Severn Trent has announced a 'one-off' cut in the dividend to help it meet the output and operating efficiency demands of the industry regulator.Back in the FTSE 250, strong demand for military equipment driven by continued conflict in Afghanistan helped the military decoy specialist Chemring post a jump in sales and profits in the year to October 31. Pre-tax profits climbed to £95.8m from £57.7m. Sales climbed to £503.9m from £354.2m.Spread bet firm IG Group upped its interim dividend by 25% after another record first half for sales and profits as bad debts fell sharply. Trading revenue in the six months to 30 November 2009 rose 14% to £143.8m, (10% on a constant currency basis), while adjusted profit before tax was £78.0m, up 34%. Pre-tax profits were 26% higher at £69m.FTSE 100 - RisersCadbury (CBRY) 834.50p +3.34%Burberry Group (BRBY) 617.50p +3.00%Severn Trent (SVT) 1,115.00p +2.39%Shire Plc (SHP) 1,233.00p +0.74%Rexam (REX) 295.30p +0.72%Vodafone Group (VOD) 136.15p +0.41%United Utilities Group (UU.) 492.70p +0.37%Associated British Foods (ABF) 871.00p +0.23%Cable & Wireless (CW.) 145.60p +0.21%RSA Insurance Group (RSA) 127.40p -0.00%FTSE 100 - FallersSABMiller (SAB) 1,768.00p -2.86%International Power (IPR) 304.20p -2.19%Barclays (BARC) 310.80p -2.19%Invensys (ISYS) 305.30p -1.83%WPP Group (WPP) 596.00p -1.49%Intertek Group (ITRK) 1,223.00p -1.45%HSBC Holdings (HSBA) 689.50p -1.36%Standard Chartered (STAN) 1,540.00p -1.35%Land Securities Group (LAND) 684.00p -1.30%Thomas Cook Group (TCG) 241.30p -1.27%FTSE 250 - RisersMelrose Resources (MRS) 353.00p +4.78%Northern Foods (NFDS) 67.50p +3.05%St. Modwen Properties (SMP) 212.20p +3.01%Carphone Warehouse Group (CPW) 201.20p +2.13%Carpetright (CPR) 951.50p +1.93%AG Barr (BAG) 900.00p +1.93%Computacenter (CCC) 309.40p +1.44%Domino's Pizza UK & IRL (DOM) 325.40p +1.21%Northumbrian Water Group (NWG) 274.10p +1.11%Big Yellow Group (BYG) 344.90p +1.08%FTSE 250 - FallersGem Diamonds (GEMD) 240.10p -2.79%Filtrona PLC (FLTR) 188.30p -2.38%Heritage Oil (HOIL) 540.00p -2.17%DS Smith (SMDS) 122.10p -1.61%Murray International Trust (MYI) 789.50p -1.56%Weir Group (WEIR) 792.00p -1.55%ITV (ITV) 57.20p -1.55%Cookson Group (CKSN) 462.70p -1.51%Hochschild Mining (HOC) 324.10p -1.49%Lamprell (LAM) 204.00p -1.45%
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15 May 2014 11:43

London midday: Markets post small gains amid earnings, ECB speculation

- ECB speculation picks up after weak GDP - LSE jumps after strong annual results - Aviva, Old Mutual disappoint with earnings - Thomas Cook leads travel sector lower techMARK 2,781.23 -0.42% FTSE 100 6,889.08 +0.15% FTSE 250 15,857.35 -0.73% UK stocks were fluctuating at 14-year highs on Thursday

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15 May 2014 11:43

Further shareholder returns possible at Dixons Carphone, says Oriel Securities

Oriel Securities has reiterated a 'buy' rating for Dixons Retail, saying that the announced all-share merger with Carphone Warehouse should be seen as a positive for shareholders. After months of talks the companies announced on Thursday a 'merger of equals' that would create a entity worth around

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15 May 2014 11:35

UK WINNERS & LOSERS: LSE And Aviva Top And Tail FTSE 100

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Thursday.
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FTSE 100 - WINNERS
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London Stock Exchange Group, up 2.4%. The group said its full-year revenue r

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15 May 2014 10:24

TOP NEWS: Dixons And Carphone Warehouse In GBP3.6 Billion Merger

LONDON (Alliance News) - The following is a summary of top news stories Thursday.
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COMPANIES
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Electronics retailer Dixons Retail PLC and mobile phone retailer Carphone Warehouse Group PLC said they have

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15 May 2014 08:40

London open: LSE leads stocks higher as FTSE 100 extends gains

- LSE leads financial stocks higher - Dixons and Carphone announce 3.8bn-pound merger - Data-heavy session ahead - Japanese GDP surges in first quarter techMARK 2,794.14 +0.04% FTSE 100 6,886.04 +0.11% FTSE 250 15,984.75 +0.06% Strong gains from London Stock Exchange (LSE) and a merger between Dix

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15 May 2014 08:26

Dixons profits to be at top end of guidance as Carphone merger announced

Currys and PC World owner Dixons Retail, which is to merge with Carphone Warehouse, said it experienced 'another excellent year' as it updated the market on strong trading in the fourth quarter. The company said it saw a "strong outturn" across the group with full-year underlying sales up 3% and li

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15 May 2014 07:58

Dixons and Carphone Warehouse announce 3.8bn-pound merger

After months of talks, Currys and PC World owner Dixons Retail and mobile phone group Carphone Warehouse have agreed on an all-share merger valuing the combined entity at 3.8bn pounds. The new company, to be named Dixons Carphone plc, is hoped to create a "world-class British retailer for the new d

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15 May 2014 07:47

UK MORNING BRIEFING: Dixons Carphone PLC Is Born

LONDON (Alliance News) - Shares have opened marginally higher in London Thursday amid a flurry of UK corporate news and European economic statistics.

Electronics retailer Dixons Retail and mobile phone retailer Carphone Warehouse confirmed they will

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15 May 2014 06:57

RPT-UPDATE 1-UK's Dixons and Carphone agree 3.8 bln stg retail merger

(Repeats to wider coding, no changes to text) LONDON, May 15 (Reuters) - Britain's Carphone Warehouse and Dixons Retail have agreed a 3.8 billion pounds ($6.38 billion) all-share merger, creating a powerful pan-European mobile phone and electricals group with about 2,900 stores. Carp

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15 May 2014 06:17

UK's Dixons and Carphone agree 3.8 bln stg merger

LONDON, May 15 (Reuters) - Britain's Carphone Warehouse and Dixons Retail have agreed a 3.8 billion pounds ($6.38 billion) all-share merger, creating a powerful pan-European mobile phone and electricals group with about 2,900 stores. Carphone, Europe's biggest independent mobile phone reta

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12 May 2014 07:07

Monday newspaper round-up: Ukraine, House price rises, Interest rates

Pro-Russian separatists in eastern Ukraine declared victory in a secession referendum Sunday, ratcheting up tensions between the West and Moscow, which by recognizing the results could push the country toward a breakup. Ukraine called the vote illegal and riddled with irregularities, and part of a w

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11 May 2014 11:23

Sunday newspaper round-up: AstraZeneca, BSkyB, interest rates

Pfizer has been advised by a top US law firm that its assurances over the proposed £63bn takeover of AstraZeneca are legally binding, the Sunday Times reported. Chief Executive Ian Read hopes the opinion from Skadden Arps will help cool the political argument over his intended deal. He will be quest

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7 May 2014 06:52

Wednesday newspaper round-up: AstraZeneca, Britain, Carphone Warehouse

Vince Cable said he would not "rule out intervention" in Pfizer's 63bn pound bid for Astra Zeneca as he warned that the "future of the UK is a knowledge economy not a tax haven". The Business Secretary told the House of Commons that just as both AstraZeneca and Pfizer were "motivated by hard-headed

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6 May 2014 06:38

Bouygues, SFR open to offers for Virgin Mobile -report

PARIS, May 6 (Reuters) - Bouygues Telecom and Vivendi's SFR unit are both ready to make offers for French virtual mobile network operator Virgin Mobile, Les Echos newspaper reported on Tuesday. Virgin Mobile is 46 percent owned by Carphone Warehouse , Europe's biggest independent mobile pho

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29 Apr 2014 13:15

UK MIDDAY BRIEFING: BP Profit Down, But Payout Up Again

LONDON (Alliance News) - BP Tuesday said its pretax profit fell 73% in the first quarter, due to lower revenues and after last year's result was buoyed by the sale of its stake in TNK-BP, but it raised its quarterly dividend for the second time in six months and said further s

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