(ShareCast News) - After US activist investor ValueAct built a near-5% stake in Smiths Group, Credit Suisse calculated a 1,500p-per-share break-up value for the aerospace engineer. According to reports, ValueAct, an $18bn activist fund which has previously influenced the direction of US companies in
Read more(ShareCast News) - Shore Capital said it expected Coca Cola to report solid volumes but be hit by foreign exchange headwinds when it delivers its first half results next week. The brokerage has a 'sell' rating on the drinks producer and a price target of 1,306p, but warned it could reduce this based
Read more(ShareCast News) - The FTSE 100 was marginally in the red on Tuesday afternoon after an early fall was followed by a sharp bounce that soon lost momentum. London's primary equity index was down 0.14% at 6,679.14 points by 1405 BST, with shares in drug company Shire leading the fallers. The Dublin-h
Read more(ShareCast News) - European Coke bottler Coca-Cola Enterprises is in advanced talks about merging with its Iberian and German Coca-Cola bottling counterparts. US-based Coca-Cola Enterprises Inc, which has a market value of $10.8bn, has been discussing a tie-up with the listed Coca-Cola Iberian Partn
Read more(ShareCast News) - A government-backed report on carbohydrates has called for the British recommended daily allowance of sugar to be cut in half, which has forced retailers to robustly defend their efforts to cut the sugar content and calorie counts of their products. As expected, the Scientific Adv
Read moreThe FTSE 100 was buoyed by a tentative recovery in metal prices, strong construction data and gains in the pharmaceuticals, insurance and telecommunications sectors on Thursday. As of 15:00 BST, London's blue chip index was trading 0.5% higher at 6,638. BP led the index higher after a robust rally
Read moreUK markets plummeted on Monday, as Greece closed its banks and called a public vote to determine its future within the Eurozone. With just seven stocks on the FTSE 100 in positive territory, the UK index was down 1.5% at 6,655 as of 14:30 BST. Travel tour operator TUI dropped sharply as investors e
Read moreUK stocks slid sharply on Monday after Greece shut its banks and called a public vote to decide the fate of its future within the Eurozone. With just three stocks on the FTSE 100 in positive territory, the UK index was down 1.63% at 6,643.30 by midday. The index had dropped to a low of 6,598.64 earl
Read more