UK stocks retreated from an eight-week high on Thursday as renewed geopolitical tensions and uncertainty regarding European monetary policy prompted investors to take profits after the recent rally. [Thu 12:14]
Telecoms group Vodafone was extending gains made on Thursday on the back of rumours that advisers of US giant AT&T are working on a cash bid worth more than 300p a share, compared with current prices of just over 200p. AT&T ruled out an offer back in January, meaning that it is now free to revisit an approach under UK takeover 'cooling off' rules. [22 Aug '14]
Mining stocks led the downside after metals consumer China disappointed with its manufacturing data and metal prices fell. Fresnillo, Randgold Resources, Anglo American, Rio Tinto and BHP Billiton all fell into the red. [21 Aug '14]
London's blue chips ended Thursday's session on a positive note, led by Astrazeneca. Increased speculation regarding ECB action, on the heels of a weaker than forecast readings on the Eurozone economy, was offset by a weak report on UK retail sales. [21 Aug '14]
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