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- Chinese Q4 growth beats forecasts - Results from US bellwethers come in mixed - EVRAZ leads Footsie higher on steel hopes UK stock markets managed to hold on to gains on Friday as better-than-expected data from China lifted sentiment, though the Footsie did finish below its intraday high after so
Read moreEVRAZ was making gains even though it said that steel production fell six per cent from the third quarter to the fourth, as a result of scheduled maintenance at its ZSMK steel mill in the Siberia region. The stock was being given a lift this morning by comments from Credit Suisse about the steel s
Read moreTony Rice, the chief executive officer (CEO) of Cable & Wireless Communications (CWC), the FTSE 250 telecoms giant, has enlarged his stake in the company with the purchase of three million shares. Rice, who took on his current role three years ago, now holds 24.76m shares in the group. The stock
Read moreHome improvement retail company Kingfisher said Friday that its Chief Operating Officer, Euan Sutherland, who will be resigning from the company in March 2013, will step down from the board at the end of January, and remain an employee of Kingfisher until the end of March to allow for an extensive h
Read moreAberdeen Asset Management: UBS ups target price from 370p to 440p maintaining a buy rating. JP Morgan shifts target price from 479p to 498p and keeps an overweight rating. Numis raises target price from 400p to 430p, while its add rating remains unchanged. Afren: Nomura cuts target price from 185p
Read moreBoth the Chairman and Chief Executive of Mediterranean Oil & Gas (MOG) increased their holdings in the company on Tuesday, one day after it said it was 'pleased' with its production activities in Italy last year, setting the stage for a strong 2013. CEO William Higgs purchased 200,000 shares at 10
Read moreAn upgrade of Greece's credit rating and a better-than-expected reading of German sentiment saw European stock markets make impressive gains on Wednesday. Meanwhile, increasing optimism that US leaders can strike a deal to avert the 'fiscal cliff' was also continuing to bolster the bullish mood.
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* COO Sutherland surprises market with move to Co-op helm * Kingfisher profits lower in Q3 * Shares flat LONDON, Dec 19 (Reuters) - European home improvement retailer Kingfisher lost its heir apparent on Wednesday with the resignation of chief operating officer Euan Sutherland. Sutherland, considere
Read moreUK stocks were making gains in early trading on Wednesday with sentiment being lifted by improving developments in Greece. Yesterday evening, S&P upgraded its rating for Greece from 'selective default' to 'B-minus'. The yield on a 10-year Greek bond was down 13 basis points at 12.7% this morning.
Read moreStocks are expected to open firmly higher on Wednesday morning after Standard & Poor's raised its credit rating for Greece by six notches. City sources predict the FTSE 100 will open up 18 points from yesterday's close of 5,936. Yesterday evening, S&P upgraded its rating for Greece from 'selectiv
Read moreHome improvement retail group Kingfisher has announced that its Chief Operating Officer (COO) Euan Sutherland is to leave the company next year to become head of The Co-operative Group after just a couple of months on the board. Sutherland, who has been working as a non-executive director of The Co
Read moreBellway: Northland Capital raises target price from 1050p to 1150p and keeps a buy rating. Panmure Gordon raises target price from 957p to 1013p, while maintaining a hold recommendation. Berkeley Group: Panmure Gordon raises target price from 1390p to 1650p keeping a hold rating. Booker Group: Gol
Read moreThe founder of Bellzone Mining, which develops two Iron ore and nickel/copper assets in Guinea, West Africa, has sold 50m shares in the company. Nikolajs Zuks, who has been the company's Managing Director since August 2009, disposed of the shares at 17p each for a total of £8.5m. As a result, Zuk
Read more- Market pares gains by the close - Bundestag approves Greek aid - Eurozone jobless rate and US consumer spending disappoint UK stocks finished broadly flat on Friday, paring gains by the close of trade as markets headed into the weekend in a cautious mood on the back of uncertainty surrounding the
Read moreBlue-chip constituents Johnson Matthey, Croda, Pennon and Intertek were performing well on Friday afternoon following a number of upbeat broker comments. Chemical peers Johnson Matthey and Croda International were lifted higher after Credit Suisse upgraded the companies from 'neutral' to 'outperfor
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