FTSE News: FTSE 100, FTSE 250, and FTSE 400 investment news
FTSE market news from the London Stock Exchange: FTSE 100, FTSE 250, and FTSE 400

Latest FTSE News:

  • Miners gain, house builders see declines

  • Oil, miners higher in London

  • Telecoms, retailers see gains

  • Pharma lower in London

  • British Energy drops on nuclear plant delays

  • Home builders see gains in London

  • House builders, property developers down in London

  • Brewers higher on bids rumors

  • Oil sector, banks mixed in London

  • BP, Royal Dutch Shell gain on higher oil prices

  • FTSE news feed

    Recommended equities news sites

  • Eurofirst News
  • Tokyo Market News
  • NYSE News
  • Insurance: Car & Home
  • FTSE
  • London Stock Exchange
  •  

    October 22, 2007

    British Energy drops on nuclear plant delays

    Filed under: Companies, Lloyds TSB, Carnival, Tullow Oil, Xstrata, Kazakhmys, BHP Billiton, British Energy, Wm Morrison, Barclay's, Vedanta Resources, Royal Bank of Scotland, Home Retail

    In London on Monday the FTSE 100 fell 1.05 percent to 6,459.3 and the FTSE 250 dropped 1.07 percent to 11,177.9.

    The biggest loser on the 100 was British Energy Group (LSE: BGY), which fell 8.12 percent to 532p on the news that two nuclear generators will be out of service longer than previously anticipated after new problems there.

    Banks were lower.

    Lloyds TSB (LSE: LLOY) was 1.2 percent lower to 530p, while Barclays Bank (LSE: BARC; NYSE: BCS; TYO: 8642) was down 1.6 percent to 580p and Royal Bank of Scotland (LSE: RBS; NYSE: RBS PRM) dropped 1.7 percent to 502p.

    Miners fell after base metals prices dropped.

    BHP Billiton (LSE: BLT; ASX: BHP; NYSE: BHP) was down 3.9 percent to £17.64 and Vedanta Resources (LSE: VED) was 5.04 percent lower to £20.54, while Xstrata (LSE: XTA) also fell 5.04 percent to £36.20 and Kazakhmys (LSE: KAZ) dropped 5.15 percent to €14.55.

    With crude oil prices also lower, Tullow Oil was down 5.79 percent to 585.5p.

    Among gainers on the day, supermarket chain Wm Morrison (LSE: MRW) was up 1.62 percent to 297.25p while elsewhere in the retail sector Home Retail (LSE: HOME) added 1.81 percent to 380p.

    Cruise line operator Carnival (LSE: CCL; NYSE: CCL) gained 1.61 percent to £22.68.





    October 17, 2007

    Brewers higher on bids rumors

    Filed under: Companies, Northern Rock, BP, Rio Tinto, Tesco, Wm Morrison, Scottish and Newcastle, Tate & Lyle, SAB Miller, Imperial Tobacco, Sports Direct

    In London on Wednesday, the FTSE 100 added 0.96 percent to 6,677.7 and the FTSE 250 gained 1.51 percent to 11,538.

    The big gainer on the 100 was brewer Scottish & Newcastle (LSE: SCTN), which jumped 18.77 percent to 756p after Carlsberg (OMX: CARL A, CARL B) and Heineken (Euronext: HEIA) said they are in talks concerning forming a consortium to make a bid for the UK brewer.

    Elsewhere in the sector SAB Miller (LSE: SAB) added 2.3 percent to £14.62.

    Among retailers, supermarkets also saw gains.

    Tesco (LSE: TSCO) was 1.9 percent higher to 475p, while Wm Morrison (LSE: MRW) gained 4.09 percent to 298.75p.

    Elsewhere in the retail sector, sporting goods retailer Sports Direct (LSE: SPD) was up 10.99 percent to 156.5p for the best day on the 250.

    Other gainers included food processor Tate & Lyle (LSE: TATE), which was 7.63 percent higher to 455p, and Imperial Tobacco Group (LSE: IMT) with a gain of 4.31 percent to £23.97.

    In the banking sector, Northern Rock was back in the losing column dropping 7.16 percent to 207.5p for the worst day on the 100.

    Miner Rio Tinto (LSE: RIO) fell 1.47 percent to £43.54 after it said iron production dropped 2 percent in the quarter ending September 30 from the previous quarter.

    In the oil sector, BP (LSE: BP; NSYE: BP; TYO: 5051) was 1.2 percent lower to 619.5p.





    August 31, 2007

    Rio Tinto gains on takeover approval

    Filed under: Companies, Schroders, Rio Tinto, Wm Morrison, Vedanta Resources, Tate & Lyle, Mitchells & Butlers, Imperial Tobacco, Persimmon, Home Retail, John Wood Group, Melrose, Euromoney Institutional Investor, Pendragon

    London equities markets saw gains Friday.

    The FTSE 100 was 1.47 percent higher to 6,303.3 and the FTSE 250 was up 1.89 percent to 11,309.2.

    Miners were higher as metals prices advanced.

    Vedanta Resources had the best day on the 100, adding 4.38 percent to £17.63.

    Rio Tinto (LSE: RIO; ASX: RIO) was right behind with a gain of 3.72 percent to £34.30 after it gained approval from the Canadian government to proceed with its takeover of Alcan (TSX: AL; NYSE: AL).

    Other gainers on the 100 included Imperial Tobacco (LSE: IMT), which added 3.22 percent to £22.41.

    Supermarket chain Wm Morrison (LSE: MRW) gained 3.15 percent to 286.25p, while food processor Tate & Lyle (LSE: TATE) was 3.11 percent higher to 564.5p.

    Engineering group Melrose (LSE: MRO) was the best performer on the 250, adding 9.97 percent to 190.25p.

    Consumer goods retailer Home Retail (LSE: HOME) had the worst day on the 100, dropping 1.07 percent to 414.25p, while publisher Euromoney Institutional Investor (LSE: ERM) saw the biggest decline on the 250, falling 4.34 percent to 540p.

    Also on the 250, auto sales group Pendragon (LSE: PDG) dropped 2.26 percent to 75.75p, while builder John Wood Group (LSE: WG.) fell 1.09 percent to 361.5p.

    Back on the 100, non-voting shares in investment manager Schorders (LSE: SDRt.L) were 0.26 percent lower to £11.43, while house builder Persimmon (LSE: PSN) dropped 0.52 percent to £11.57 and pubs operator Mitchells and Butlers (LSE: MAB) was down 0.77 percent to 712.5p.





    August 14, 2007

    Wm Morrison lower after e. coli outbreak

    Filed under: Companies, BA, Rio Tinto, BHP Billiton, Lonmin, BT Group, Wm Morrison, Scottish and Newcastle, Johnson Matthey, Rexam, Yell, Daejan Holdings, Capita Group, Kier Group

    Markets in London were lower as well, with the FTSE 100 down 1.21 percent to 6,143.5 and the FTSE 250 at 10,998.6, a decline of 1.52 percent.

    Food retailer Wm Morrison (LSE: MRW) was 2.8 percent lower to 258.5p after it removed sliced cold meats from two stores in Scotland after an outbreak of E. coli that resulted in one death.

    Miners were mixed on the day.

    Lonmin (LSE: LMI) led gainers on the 100 as it added 1.7 percent to £31.14, but Rio Tinto (LSE: RIO) fell 1.4 percent to £31.75 and BHP Billiton (LSE: BLT; NYSE: BHP; ASX: BHP) was 3.71 percent lower to £12.98.

    The worst performance on the 100 came from publisher Yell Group (LSE: YELL), which was down 3.81 percent to 454.4p.

    Beverage can maker Rexam (LSE: REX) dropped 3.54 percent to 504.5p, while chemicals group Johnson Matthey fell 3.73 percent to £16.27.

    Two other individuals were reported to be in hospital.

    Decliners on the 250 included property developer Daejan Holdings (LSE: DJAN), which was down 5.56 percent to £34.00.

    Construction firm Kier Group (LSE: KIE) had the worst day on the 250, with a decline of 6.15 percent to £18.76.

    British Airways was 0.5 percent higher on the 100 to 403p.

    Human resources specialist Capita Group (LSE: CPI) added 0.75 percent to 739p, while in the telecommunications sector BT Group (LSE: BT.A; NYSE: BT) gained 0.81 percent to 310.5p.

    Brewer Scottish & Newcastle (LSE: SCTN) was 1.31 percent higher to 580p on the possibility that it could be acquired by Danish brewer Carlsberg (OMX: CARL A, CARL B), which has been reported to have said it is in the market to purchase another beer maker.

    Neither Carlsberg nor Scottish & Newcastle would comment on the reports.





    August 6, 2007

    House builders see gains

    Filed under: Companies, BAT, Anglo American, Kazakhmys, Rio Tinto, BHP Billiton, Lonmin, Aquarius Platinum, HMV Group, Wm Morrison, Persimmon, Standard Life, Punch Taverns, Ashmore, Taylor Wimpey, Alfred McAlpine, Invesco

    In London on Monday, the FTSE 100 was 0.57 percent lower to 6,189.1 and the FTSE 250 fell 1.67 percent to 10,998.8.

    Standard Life (LSE: SLET) was the biggest gainer on the 100, adding 3.03 percent to 315p on consolidation hopes within the sector.

    Builder Alfred McAlpine (LSE: MCA) did the best on the 250 with a gain of 4.7 percent to 484.5p.

    Other gainers on the session included the house building sector, where Persimmon (LSE: PSN) was up 1.93 percent to £11.64 and Taylor Wimpey (LSE: TW) added 2.18 percent to 339.75p.

    British American Tobacco (LSE: BATS; AMEX: BTI; KLSE: BAT) was 2.4 percent higher to £16.12, while music retailer HMV Group (LSE: HMV) gained 4.7 percent to 118.25p.

    The biggest loser on the day on the 100 was platinum miner Lonmin (LSE: LMI), which fell 4.81 percent to £30.85.

    Aquarius Platinum (LSE: LSE: AQP; ASX:AQP; JSE:AQP) did even worse on the 250, dropping 5.56 percent to £12.90.

    Elsewhere in the mining sector BHP Billiton (LSE: BLT; NYSE: BHP; ASX: BHP) dropped 2.98 percent to £13.33, while Kazakhmys (LSE: KAZ) fell 2.93 percent to £11.94, Anglo American (LSE: AAL) was 2.68 percent lower to £26.85 and Rio Tinto (LSE: RIO) was down 1.33 percent to £32.19.

    Investment trust Ashmore (LSE: ASHM) did the worst on the 250, falling 8 percent to 204p.

    Other decliners on the session included supermarket chain Wm Morrison (LSE: MRW), which dropped 3.6 percent to 274.25p.

    Pubs operator Punch Taverns (LSE: PUB) fell 3.36 percent to £10.36 and investment management group INVESCO (LSE: AVZ; NYSE: IVZ) was 3.15 percent lower to 585p on its exposure to the US housing sector.





    July 11, 2007

    UK pharma sector mixed

    Filed under: Companies, BA, BG Group, AstraZeneca, Shire, Wm Morrison, Hammerson, BSkyB, Whitbread, Home Retail

    London’s markets saw declines on Wednesday, with the FTSE 100 down 0.24 percent to 6,615.1 and the FTSE 250 falling 0.56 percent to 11,666.8.

    Retailers were mixed on the session, with Wm Morrison (LSE: MRW) up 2.48 percent to 313.75p but Home Retail (LSE: HOME) falling 2.35 percent to 438.75p for the worst day on the 100.

    Conversely, the best performer on the 100 was in the leisure sector, where Whitbread (LSE: WTB) added 7.04 percent to £19.46 on rumors that it could be targeted for bids.

    Other gainers on the day included BSkyB, which added 4.17 percent to 700p.

    In the oil sector, BG Group (LSE: BG; NYSE: BG) gained 2.56 percent to 842p.

    The pharmaceuticals sector was mixed.

    AstraZeneca (LSE: AZN; NYSE: AZN) was 2.43 percent higher to £26.95 on an upgrade from “equal-weight” to “overweight” from Morgan Stanley (NYSE: MS), while Shire (LSE: SHP; NAS: SHPGY) was down 1.97 percent to £11.97 on rumors that it might be looking to make an acquisition.

    Also lower on the session was property group Hammerson (LSE: HMSO), which dropped 1.65 percent to £13.67.

    British Airways (LSE: BAY; NSYE: BAB) fell 1.7 percent to 418.5p, hurt by higher oil prices.





    February 6, 2007

    UK supermarkets gain on UBS upgrades

    Filed under: Companies, BAE Systems, Cable and Wireless, Tesco, J Sainsbury, Wm Morrison, Imperial Tobacco

    Records were set Tuesday in London as both the FTSE 250 and the FTSE All-Share hit new record highs and the FTSE 100 closed at its highest level in six years. The 100 added 0.4 percent to 6,346.3, while the 250 was 0.6 percent higher to 11,479.4 and the All-Share gained 0.5 percent to 3,290.67.

    Defense contractor BAE Systems added 2.8 percent on the session to 439¼p after US President George W. Bush asked for record defense spending in his 2008 budget, delivered to Congress on Monday.

    Imperial Tobacco added 1.3 percent to £22.14 even though it was the target of a Deutsche Bank downgrade after rumors surfaced that it might receive a bid from Altadis of Spain in cooperation with private equity.

    Supermarkets were higher on raised target share prices from UBS and on a report that a group of investors from Qatar had taken a 1 percent stake in J Sainsbury. Sainsbury was 1.3 percent higher to 516 on the report. Tesco added 1 percent to 438½p as UBS hiked its target share price to 550p, while Wm Morrison added 2.6 percent, to a new record share price of 311p, after its target was raised to 360p.

    In the telecommunications sector Cable & Wireless gained 3 percent to 179½p, its highest share price in four and a half years, on reports that it could be a target of Deutsche Telekom. Analysts were not convinced of the rumors in the German press, saying that DT is in no position to make offers currently.





    February 2, 2007

    FTSE 250 closes at all-time high

    Filed under: Companies, Enterprise Inns, Marks & Spencer, Tesco, J Sainsbury, Wm Morrison, Mitchells & Butlers, Imperial Tobacco, Kingfisher

    Trade was brisk in London on Friday as 4.2 billion shares traded hands and the FTSE 100 was close to a six-year high. The 100 ended the day up 0.4 percent to 6,310.9, a gain of 1.3 percent on the week. The FTSE 250, meanwhile, added 1.1 percent on the day and 2 percent on the week to close at an all-time high of 11,343.3.

    The supermarkets sector was driven by rumors that private equity is interested in J Sainsbury and especially interested in the properties it holds. Sainsbury added 13.9 percent on the day to 507p, its highest share price in eight years, while fellow grocers Tesco and Wm Morrison were up 3.7 percent to 435p and 5.9 percent to 300¾p respectively.

    Elsewhere in the retail sector, Kingfisher was up 3.5 percent to 252½p, while Marks & Spencer was 4.1 percent higher to 717½p.

    The interest in Sainsbury for its properties also helped other property backed stocks. Pubs operators Enterprise Inns and Mitchells & Butlers were among those seeing gains. Enterprise added 2.8 percent to 665½p, while Mitchells & Butlers gained 4.4 percent to 736p. Mitchells & Butlers was also boosted by its addition by Goldman Sachs to the broker’s “conviction buy” list.

    In the tobacco sector, Imperial Tobacco closed at an all-time high £21.75, a gain of 4 percent that came on an analyst’s report that it could be a bids target for Philip Morris International after it separates from Altria in March.





    January 23, 2007

    FTSE 100 adds 0.6 percent on session

    Filed under: Companies, BG Group, Royal Dutch Shell, BP, Tesco, J Sainsbury, Wm Morrison, Smith & Nephew, WH Smith, Gyrus

    Equities markets were mixed in London on Tuesday. The FTSE 100 added 0.6 percent to 6,227.6, while the FTSE 250 fell 0.6 percent to 11,102.2.

    Oil companies were higher on takeover rumors, as it was said that either Royal Dutch Shell or BP could be interested in bidding on BG Group. Shell added 0.6 percent to £17.18, while BP gained 0.7 percent to 545p and BG Group was 1.7 percent higher to 662½p.

    Supermarkets were also higher on the session. Wm Morrison was up 0.1 percent to 284p on positive comments from Deutsche Bank, which reconfirmed its “buy” recommendation and target share price of 320p. Elsewhere in the sector, Tesco gained 0.3 percent to 415¼p, while J Sainsbury added 0.8 percent to 438p on talk that private equity has approached with a bid.

    In other retail news, magazine and bookseller WH Smith gained 5.6 percent after it issued a positive trading statement.

    Among makers of medical devices, Smith & Nephew was 2.3 percent higher to 566¾p after it announced a special dividend and held out the possibility of more cost cutting measures. Goldman Sachs said that the company, thought to be a possible bid target from private equity, would forestall such a bid. Elsewhere in the sector, Gyrus added 1.1 percent to 406¾p.





    January 10, 2007

    Telecoms lower in London

    Filed under: Companies, Enterprise Inns, BAT, Vodafone, BT Group, Cable and Wireless, Wm Morrison, Imperial Tobacco, BSkyB, Reed Elsevier, Yell, Punch Taverns

    In London on Wednesday equities markets were lower, with the FTSE 100 down 0.6 percent to 6,160.7 and the FTSE 250 also 0.6 percent lower, to 11,086.

    Publishers, however, did well on the session. Reed Elsevier added 1.2 percent to 582p on comments from Credit Suisse that indicated the Anglo-Dutch publisher could be the target of a leveraged buyout. Yell Group, Yellow Pages publisher, was 2.1 percent higher to 578p on mixed remarks from brokers.

    In the media sector, BSkyB also benefited from broker comments, adding 1.9 percent to 582p after Tuesday’s upgrade from Morgan Stanley.

    Foods retailer Wm Morrison was also higher on the session, adding 6 percent to 286¼p on better sales than expected during the holiday period.

    The tobacco sector was mixed. Imperial Tobacco dropped 0.1 percent to £20.80, but British American Tobacco gained 2.2 percent to £14.91 on positive comments from Dresdner Kleinwort.

    Telecommunications companies saw declines. BT was 1.2 percent lower to 316½p on a downgrade from Investec, while Vodafone dropped 2.5 percent to 145¾p and Cable & Wireless fell 2.9 percent to 156¾p.

    Pubs operators were lower after the chief executive of Enterprise Inns said that the introduction of real estate investment trusts would not likely provide any benefit to shareholders in the short term. Enterprise dropped 2.1 percent to £12.99, while Punch Taverns fell 3 percent to £12.14.





    Next Page »

    Latest Equities News:

  • Wall Street ends lower despite rate cut

  • Asia-Pacific, Europe equities see declines

  • Hang Seng adds 10.72 percent on session

  • India’s Sensex drops 1,408 points on session

  • Australian markets drop for 9th straight day

  • Taiex gains on opposition win in parliamentary elections

  • Hang Seng drops nearly 400 points

  • Most Asia-Pacific markets drop on US recession worries

  • Tokyo declines on export worries

  • Asia-Pacific equities mixed on economic concerns

  • FTSE News copyright 2005 Central Consultants