Sharecast News
ShareCast News
Sunday newspaper round-up: LSE, Severn Trent, Royal Mail
The London Stock Exchange is considering buying a stake in Istanbul's fast-growing stock market as part of a deal that could see Turkish trades settled in the City. Borsa Istanbul has been seeking an international partner to overhaul its technology and improve the market's access to foreign investors for several months. The LSE's proposal would see Borsa Istanbul start to clear its trades through LCH Clearnet, the financial plumbing system now majority-controlled by the LSE.[Yesterday 17:41]
Sunday share tips: Thomas Cook, Mitchells and Butlers, Lloyds
Thomas Cook still has a long flight ahead of it, but the new Captain at the controls seems to have stabilised the craft. In fact, things now look normal. Above all, the company needs to sharply improve the experience of its customers, quite a challenge. However, the 1.6bn pound capital restructuring announced last week means that the outfit now has a fighting chance. Then there are the upwardly revised cost-savings targets and plans to rationalise its airlines and dealings w[Yesterday 17:30]
Week ahead: Investors awaiting UK data deluge
Some economists are fond of reminding clients every now and again that there are three kinds of lies: lies, damned lies and statistics.[Fri 17:36]
London close: FTSE 100 hits new multiyear highs after US data
The FTSE 100 rallied in afternoon trade after some better-than-expected economic data from the States, pushing the index to new five-and-a-half-year highs.[Fri 16:29]
Petrofac heads stock up as group unveils growth predictions
A round-up of the biggest director deals today so far.[Fri 16:10]
ENRC rebuffs proposal from founding shareholders
An approach by a group of ENRC's founding shareholders regarding a possible takeover is not high enough, according to the mining company which has allowed the consortium more time to revise up its proposal.[Fri 15:59]
BoE's Weale urges caution over monetary stimulus
Bank of England (BoE) policymaker Martin Weale had dashed hopes that incoming Governor Mark Carney will implement further monetary stimulus to lift the economy.[Fri 15:48]
FTSE 250 movers: Ocado leaps on Morrison deal
Ocado Group shares leapt almost a third on Friday after Morrison Supermarkets confirmed the two are teaming up to launch its first shopping website in January next year. The partnership had been expected as the two have been in talks since Morrison announced it was moving online in its annual results in March. Online grocer Ocado will provide its technology, logistics and distribution operations to Morrison.[Fri 15:30]
Chesnara's results benefit from equity market growth
Insurance company Chesnara said the global investment market performance had a positive influence on its results in the first quarter.[Fri 15:14]
FTSE 100 movers: RBS rises into top spot on UBS comments
Banks were making a strong rise after UBS lifted its rating for the global banking sector from 'underweight' to 'overweight', saying that the operating environment is beginning to improve. In a research report titled 'Post-crisis banking', UBS said that the tone of its Global FID conference earlier this week was "neutral to slightly positive" and banks are starting to see "improving bottom-up trends". RBS led the risers, with Lloyds close behind.[Fri 14:42]
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