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ShareCast News - Market Report
London pre-open: FTSE to dip ahead of BoE inflation forecast
City sources predict the FTSE 100 will open up five points from yesterday's close of 6,686, likely to be driven in part by utilities giant Severn Trent, which has this morning brushed off a bid approach from a consortium of foreign investors, saying it completely undervalues the firm.[Wed 07:29]
London close: Market resilient despite multiple concerns
Market MoverstechMARK 2,507.69 +0.61%
FTSE 100 6,686.06 +0.82%
FTSE 250 14,377.69 +0.54%
[14 May '13]
FTSE 250 movers: ICAP rockets despite profits falling 20 per cent
ICAP's annual pre-tax profit fell 20 per cent to 284m pounds compared to the previous year as the broker was hit by the weak global economy, low interest rates and regulatory reforms. Nevertheless, that was 'in-line' with consensus expectations given company guidance in its recent trading statement. For their part, analysts at Credit Suisse saw "slightly better cost savings guidance for the fiscal year 2014", but expects only modest changes to consensus earnings as the compan[14 May '13]
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.[14 May '13]
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.[14 May '13]
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.[14 May '13]
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.[14 May '13]
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.[13 May '13]
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.[13 May '13]
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.[13 May '13]
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