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Fri, 31st Jul 2015 12:29
UK stocks are trading at their highest levels in over three weeks as speculation grows about further potential stimulus in the Eurozone and continued loose monetary policy in the UK. London's FTSE 100 was up 0.7% at 6,666 by midday, after closing at 6,620.10 on Tuesday, its highest finish since 29 D
Read moreShares in Afren plunged further on Wednesday after the oil and gas group warned overnight that it was in discussions with its lenders and looking to slash costs and spending plans. The FTSE 250 group, the recent subject of much takeover speculation after its shares have crashed more than sixfold in
Read moreA decent rally on Wall Street and gains on Asian markets led to a positive start for UK stocks on Wednesday, helped by well-received updates from a number of blue chips. The FTSE 100 was up 0.4% at 6,646, with trading statements from Pearson, Dixons Carphone and SABMiller impressing investors early
Read moreFull year results from William Hill boosted share prices, as the bookmarker jumped ahead of forecasts despite falling at a fourth quarter hurdle, as football and horse racing results favoured punters. The group was forced to officially distribute the figures at 20:00 on Monday after they were accide
Read moreShares in oil and gas group Afren have been hit by news that rumoured suitor T5 Oil & Gas is not interested in a takeover. It had been reported on Monday that T5 was considering a reverse takeover of the FTSE 250 group, with Hannan Partners hired to advise and £800m raised for a bid. But T5, which
Read moreLondon's FTSE 100 eked out a gain of 0.5% on Monday in the absence of US trading, as investors took advantage of a quiet news day to push stocks to their highest levels of the year The Footsie finished 35.26 points higher at 6,585.53, its best finish since 29 December 2014 when it settled at 6,633.5
Read moreShares in FTSE 250 oil group Afren have been injected with new momentum after Seplat Petroleum Development, its Nigeria-based suitor, successfully applied for a 11-day deadline extension to agree a merger or takeover deal. The UK Takeover Panel has extended Seplat's deadline to 17:00 on Friday 30 Ja
Read moreTakeover target Afren was weaker as the deadline for suitor Seplat to return to the table with a possible offer was extended. The Nigerian group approached its FTSE 250 peer last month about a potential tie-up and has until 17:00 on Friday 30 January to 'put up or shut up', according to takeover rul
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