ShareCast News - Market Report

FTSE 100 movers: Severn Trent tops index after bid approach is confirmed

Severn Trent topped the leaderboard after it confirmed press speculation that it has received a bid approach from a consortium of investors, which is rumoured to value the UK utility company around 5.3bn pounds. In a statement released this morning, Severn Trent said it had received an approach with a view to making a proposal from Canadian infrastructure investor Borealis, the Kuwait Investment Office and Universities Superannuation Scheme.
[Tue 14:57]

London midday: FTSE 100 snaps eight-day winning streak as miners fall

Strong gains in the utilities sector after a takeover approach for Severn Trent and some well-received results from Babcock International weren't enough to lift markets into positive territory by Tuesday lunchtime, as the FTSE 100 snapped an eight-day winning streak.
[Tue 11:50]

London open: Markets flat after strong run, but Severn Trent soars

Strong gains for Severn Trent and other utility providers helped offset weakness elsewhere on Tuesday morning as the FTSE 100 paused for breath following an eight-day winning streak.
[Tue 08:19]

London pre-open: FTSE to open high after data gives boost

City sources predict the FTSE 100 will open up 17 points from yesterday's close of 6,632, boosted by better-than-expected US retail sales and the first positive reading on the UK RICS house price balance since June three years ago.
[Tue 07:31]

London close: Markets extend winning streak despite Fed concerns

The FTSE 100 finished with slight gains on Monday, extending the recent winning streak into its eighth day, as markets shrugged off concerns over stimulus measures in the US and disappointing economic data in China.
[Mon 17:04]

FTSE 250 movers: Petropavlovsk rises on plans for cash savings

Petropavlovsk plans to make cash savings and cost cuts in response to volatility in gold prices. The Russia-focused miner said it has approved adjustments to its business plan this year, including estimated cash savings of 160m dollars to strengthen its financial position against falling commodity prices.
[Mon 15:54]

FTSE 100 movers: G4S in top spot after G8 contract win

G4S leapt into the top spot after winning a deal to provide security at the two day Northern Ireland G8 Summit in June. It will provide 450 staff members to give support to the police.
[Mon 15:23]

London midday: Stocks snap winning streak as Chinese data disappoints

Disappointing economic data from China on Monday put an end to a seven-day winning streak in London which lifted the FTSE 100 to a five-and-a-half-year high last week.
[Mon 11:51]

London open: Markets pause after strong run last week

Weakness in the financial sector meant that the FTSE 100 was in the red on Monday morning, with investors pausing for breath after the index reached fresh multi-year highs last week.
[Mon 08:48]

London pre-open: Stocks to edge lower in early trade

City sources predict the FTSE 100 will open down four points from Friday's close of 6,625, following the weekend's meeting of the G7 in the UK.
[Mon 07:32]



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