Premier Foods ShareCast News (PFD)

London close: Euro concerns drag Footsie into the red

London's blue chip index took a late tumble late on to finished slightly in the red on a choppy day's trade. European bourses finished broadly down as worries over the Eurozone continue to dampen the mood.
[16 Dec '11]

FTSE 250 movers: Sports Direct jumps, Shanks down after downgrade

Sports clothing firm Sports Direct was the high riser of the day after announcing that it has withdrawn its offer for Blacks Leisure after the outdoor leisurewear and equipment chain put itself up for sale earlier this month. Sports Direct's decision to pull out of the transaction has, however, been greeted warmly by investors, perhaps betting it can now acquire Black's assets at bargain prices.
[16 Dec '11]

Broker tips: BP, Kazakhmys, Premier Foods

Evolution Securities has reiterated its buy rating on oil titan BP, highlighting today's $250m settlement with Cameron International Corporation and rumours of farm-in talks with Ophir Energy.
[16 Dec '11]

Jam tomorrow as Premier Foods sells Chivers

Premier Foods, the struggling foods group which is racing to reduce its debt so it can meet upcoming banking covenant tests, has offloaded four of its Irish brands.
[16 Dec '11]

Broker snap: Investec pleased with Premier Foods' Irish brand disposal

Investec has kept its buy rating on FTSE 250 foods group Premier Foods following last night's announcement that it will dispose of its four Irish Brands.
[16 Dec '11]

Friday broker round-up - UPDATE

Shanks Group: Goldman Sachs downgrades to neutral from buy.
[16 Dec '11]

London close: Stocks plummet after ECB

The Footsie took a tumble in the afternoon as initial optimism following the European Central Bank (ECB) decision to cut rates quickly faded after a press conference with its president Mario Draghi. In the last two-or-so hours of trade, London's blue chip index dropped more than 100 points from its intraday high of 5,599 to swing into the red, closing at 5,484. Investors will now be looking ahead to what many see as a make-or-break summit for the euro tonight in Brussels.
[8 Dec '11]

New listings on FTSE 100, none of them London-based

London's benchmark index, the FTSE 100, is starting to look distinctly foreign after three more firms from abroad get promoted to the top rank.
[8 Dec '11]