AFR.L Share News (AFR)

PRESS: Afren Looks To China For Salvation - FT

Hika Pharma promoted to FTSE 100 but Tullow Oil gets kicked out

Hika Pharmaceuticals and Tullow Oil are switching places at start of the second quarter of this year as the FTSE Group reshuffles components across its leading London benchmarks. In its quarterly review, the FTSE Group have outlined which companies have been promoted or demoted from its indices. The

FTSE 250 movers: Afren lower on defaulted interest payment, Betfair surges on upgraded guidance

African oil company Afren plunged as it defaulted on an interest payment while it negotiates a restructuring with lenders that could dilute the interests of shareholders. Aerospace and defence manufacturer Cobham was damaged by a big fall in pre-tax profit for 2014, despite higher revenue. The compa

MARKET COMMENT: UK Shares Seen Soft Ahead Of ECB, BoE Announcements

MARKET COMMENT: London Seen Lower Ahead Of ECB And BoE Rate Decisions

Hikma Pharma Replaces Tullow Oil In FTSE 100; AA, Virgin Money Join FTSE 250

London close: Stocks erase losses as ITV, StanChart and IAG gain

After a weak start, UK markets managed to push into positive territory by Wednesday's close as decent gains from ITV, Standard Chartered and IAG offset some heavy falls in the mining sector. The FTSE 100 snapped three days of losses to finish up 0.44% at 6,919.24. Economic data from across the glob

FTSE 250 movers: Greggs higher on shareholder returns

Greggs topped the risers after the baker grew its pre-tax profit last year by 50%, allowing it to return up to £10m to shareholders in the first half of 2015 by resuming its share buyback programme. The company's chief executive, Roger Whiteside, noted that 2014 was a year of significant change and

London midday: FTSE continues retreat from record highs as mining stocks decline

UK stocks were falling for the fourth straight day on Wednesday after a batch of mixed corporate earnings and global economic data. The FTSE 100 was down 0.32% at 6,866.94 by midday, on track for its lowest close since 16 February, with mining giants Fresnillo and Glencore providing a drag. Stocks

UK WINNERS & LOSERS: ITV Rises After Special Dividend Announcement

MARKET COMMENT: London Stocks Knocked By Disappointing Services PMI

Afren defaults on bond interest payment as restructuring talks continue, Fitch downgrades

Embattled oil explorer Afren has decided to default on its bond interest payments in order to preserve cash, sending its shares plunging and its credit rating downgraded on Wednesday. The company, which is likely lose its place in the FTSE 250 in the current quarterly review, said it had decided not

London open: Stocks slip on mixed earnings, Fresnillo and L&G drop

UK stocks edged lower on Wednesday morning as gains from Standard Chartered and ITV were offset by declines by Fresnillo, Glencore and Legal & General, as investors awaited a barrage of economic data. Following a brief spell in positive territory, the FTSE 100 had fallen 0.2% to 6,875.90 after the f

UK MORNING BRIEFING: Firm Early Market Applauds ITV Cash Return

Afren To Default On 2016 Bonds, Still In Talks With Ebok Lenders