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19 May 2014 07:36

UK MORNING BRIEFING: AstraZeneca Depresses FTSE 100 On Bid Rejection

LONDON (Alliance News) - UK shares have opened starkly mixed Monday, with the FTSE 100 dragged down by AstraZeneca, while the mid-cap FTSE 250 is higher.

AstraZeneca, down 13% at the open, rejected a final GBP69 billion takeover proposal from Pfizer Inc, potentially

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19 May 2014 07:16

Dixons Retail To Sell ElectroWorld Business In Central Europe

LONDON (Alliance News) - Dixons Retail PLC, the electronics retailer which agreed to merge with mobile phone retailer Carphone Warehouse Group PLC last week, said Monday that it is selling off its ElectroWorld business in central Europe. The group said it is selling the loss-making business

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19 May 2014 07:06

Dixons Retail to dispose of ElectroWorld

FTSE 250-listed Dixons Retail has signed a deal to sell its ElectroWorld operations in Central Europe to NAY, a regional electrical specialist. The Currys and PC World-owner expects to receive a small deferred cash consideration spread over three years. Electroworld operates 26 specialist electr

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19 May 2014 06:35

UK's Dixons to sell central European operations

LONDON, May 19 (Reuters) - Dixons Retail, Europe's No. 2 electricals retailer which last week said it planned to merge with Carphone Warehouse, has agreed to sell its ElectroWorld operations in Central Europe to local specialist NAY a.s.. Electroworld operates 26 specialist electrical retai

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16 May 2014 16:15

MARKET COMMENT: UK Stocks Close Mixed, FTSE 250 Extends Losses

LONDON (Alliance News) - UK stocks closed mixed Friday, with the FTSE 100 outperforming its smaller index peers, but the FTSE 250 fell sharply for a second consecutive session, and a third in total, after another busy day of reporting by its constituents.

The mid-cap index had its w

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16 May 2014 12:16

CORRECT: Carphone, Virgin In Talks To Sell French Joint Venture

(An item published at 0809 GMT gave incorrect details of the potential sale. The correct version follows.) LONDON (Alliance News) - Carphone Warehouse Group PLC Friday said that it has entered exclusive talks to sell its joint venture with Virgin Media Inc, Virgin Mobile France, to Numerica

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16 May 2014 09:46

MARKET COMMENT: FTSE 250 Tumbles As Risk Aversion Continues

LONDON (Alliance News) - UK stocks trade lower Friday, with a notable divergence continuing between the UK's leading index, the FTSE 100, and its mid-cap peer, the FTSE 250. A lack of new top-tier economic data and a quieter corporate calendar Friday leaves little to shift the sentiment fro

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16 May 2014 08:46

London open: Stocks steady ahead of further data on US housing

- Footsie steady in early trading - US and allies warn Russia of possible further sanctions - More US housing data due out techMARK 2,761.98 +0.15% FTSE 100 6,843.95 +0.04% FTSE 250 15,655.31 +0.25% Equities were slightly higher early on following yesterday's sharp falls worldwide in reaction to w

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16 May 2014 07:09

Carphone Sells Virgin France Stake To Numericable For EUR325 Million

LONDON (Alliance News) - Carphone Warehouse Group PLC Friday said it has agreed to sell its 46% share in joint venture Virgin Mobile France to Numericable Group SA for EUR325 Million, following the announcement of its merger with fellow FTSE 250-constituent Dixons Retail PLC Thursday. Numer

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15 May 2014 16:59

London close: European and US concerns weigh on Footsie

- FTSE closes down 37.60 points at 6,840.89 - Eurozone GDP misses expectations, Italy, France disappoint - Russia says oil must be paid for - Telecoms, airlines fall techMARK 2,757.75 -1.26% FTSE 100 6,840.89 -0.55% FTSE 250 15,616.54 -2.24% The City ended today's session on a downbeat note, weigh

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15 May 2014 16:17

MARKET COMMENT: Stocks Retreat Amid Poor EU Data And UK Merger Concerns

LONDON (Alliance News) - Global stock indices lost ground Thursday amid a raft of disappointing eurozone economic data and concern over some disappointing company updates, with the FTSE 250 mid-cap index suffering its heaviest loss in more than six months, losing more than 350 points, as inves

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15 May 2014 14:58

FTSE 250 movers: Infinis lifted by broker rating

Infinis rose strongly after Deutsche Bank upgraded the stock to 'buy' with a target price of 220p. The share price of Kier also rose after the construction, services and property group was named as a preferred bidder on two new long-term Anglian Water contracts and gave a positive update on third-q

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15 May 2014 14:05

UPDATE 3-UK's Dixons and Carphone agree $6 bln retail merger

* Companies see merger benefits worth 80 mln stg * Dixons CEO Seb James to be CEO of combined company * Dixons expects FY profit of 150-160 mln stg (Adds quotes, details) By James Davey and Neil Maidment LONDON, May 15 (Reuters) - Britain's Carphone Warehouse and Dixons

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15 May 2014 13:44

2ND UPDATE: Dixons Retail, Carphone Warehouse Form Electronics Giant

LONDON (Alliance News) - Electronics retailer Dixons Retail PLC and mobile phone retailer Carphone Warehouse Group PLC Thursday said they have agreed to merge in a GBP3.6 billion deal that will create the UK's biggest retailer of mobile phones and electrical goods. The companies said the ai

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15 May 2014 13:01

Broker tips: LSE, Aviva, Vodafone...

Numis Securities has upgraded bourses operator London Stock Exchange from 'hold' to 'add' after the company identified more cost savings from its recent acquisition of LCH.Clearnet. "The strategic development of the LSE continues and we believe the LSE is well placed to take advantage of the global

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