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  • FTSE 250 movers: Ocado up as rumours escalate; Dialight drops

    Tuesday 11 Jun 2013

    Online grocer Ocado was extending its recent gains on Tuesday, continuing to set new all-time highs, as speculation over potential contracts and M&A activity continue to do the rounds. The stock has rocketed since the start of the year after the company signed a deal with Morrison to help the supermarket giant develop an online shopping channel.

  • Broker tips: AG Barr/Britvic, FirstGroup, Keller

    Tuesday 11 Jun 2013

    Canaccord Genuity has upgraded its rating for AG Barr to 'buy' but downgraded its view on Britvic to 'sell' following the Competition Commission's (CC) provisional approval of the soft-drink companies' merger on Tuesday.

  • AMEC awarded environmental consultancy contract by BP

    Tuesday 11 Jun 2013

    Engineering and project management group AMEC is to work with BP to provide the oil giant with environmental consulting services across its projects worldwide.

  • Commodities: Oil slips as OPEC trims outlook

    Tuesday 11 Jun 2013

    Crude oil futures nudged lower on Tuesday as the Organisation of the Petroleum Exporting Countries lowered demand and economic growth forecasts.

  • Wood Group secures 200 UK jobs through Ithaca contract extension

    Tuesday 11 Jun 2013

    Energy services firm Wood Group has signed its first 'life-of-field' contract through an extension of work in the North Sea for AIM-listed Ithaca Energy worth 200m dollars (140m pounds).

  • London close: Stocks finish lower after choppy session

    Monday 10 Jun 2013

    Monday saw another choppy session on financial markets in the midst of mixed economic data from Asia, though stocks finished firmly off their lows after S&P raised its outlook for the US.

  • Sector movers: Mining sector at three-year lows after Chinese data

    Monday 10 Jun 2013

    Mining stocks were out of favour on Monday afternoon on the back of concerns about a slowing Chinese economy, with the sector falling to its worst levels in three years.

  • FTSE 100 movers: Severn Trent sinks as takeover is put on the line

    Monday 10 Jun 2013

    Water group Severn Trent was a heavy faller on the FTSE 100 on Monday after rejecting the latest takeover proposal from international consortium LongRiver Partners at 2,200p per share. A spokesman from the consortium responded by saying that it would not make a further proposal for Severn Trent if the board does not engage in talks.

  • Broker tips: Lloyds, AstraZeneca, Betfair

    Monday 10 Jun 2013

    Investec has retained its 'sell' rating and 50p target price for part-nationalised lender Lloyds as speculation continues to increase ahead of a potential reprivatisation.

  • London midday: Losses pared as traders digest Asian data

    Monday 10 Jun 2013

    Sharp falls across the mining sector pushed the FTSE 100 into negative territory on Monday morning as economic figures from China disappointed, though markets rebounded slightly as growth in Japan was revised higher.

  • Broker snap: Investec rates Lloyds as 'sell' as reprivatisation speculation ramps up

    Monday 10 Jun 2013

    Investec has retained its 'sell' rating and 50p target price for part-nationalised lender Lloyds as speculation continues to increase ahead of a potential reprivatisation.

  • Policy Exchange proposes plan to re-privatise Lloyds and RBS

    Monday 10 Jun 2013

    Think-tank Policy exchange on Monday unveiled a proposal by which the Treasury could eliminate its stakes in Royal Bank of Scotland (RBS) and Lloyds by the time of the next elections in what would amount, it claims, to the largest privatisation ever in the United Kingdom.

  • Takeover deal at risk after Severn Trent rebuffs latest offer

    Monday 10 Jun 2013

    Severn Trent has rejected the latest takeover proposal from international consortium LongRiver Partners at 2,200p per share, a move which is expected to put a potential takeover of the water group at risk.

  • Polymetal to sell Mayskoye gold to Chinese off-takers

    Monday 10 Jun 2013

    Precious metals producer Polymetal has signed two export sales contracts with Chinese off-takers at the Mayskoye gold project, a milestone that will allow the company to start generating free cash flows from its newest mine.

  • AMEC wins 110m-pound contract extension with BG Group

    Monday 10 Jun 2013

    AMEC, the engineering and project management firm, said on Monday that it has been awarded an two-year extension to a contract with natural gas giant BG Group worth 110m pounds.

  • AstraZeneca to acquire Pearl Therapeutics to strengthen respiratory portfolio

    Monday 10 Jun 2013

    FTSE 100-listed global pharmaceuticals group AstraZeneca has entered into a definitive agreement to acquire Redwood City-based Pearl Therapeutics, an update issued by the group has shown.

  • Commodities: Crude boosted by steady job growth in May

    Monday 10 Jun 2013

    Crude oil futures settled 1.3 per cent higher on Friday and scored a weekly gain of over 4 per cent as investors took heart from encouraging May US non-farm payroll data.

  • Monday newspaper round-up: Severn Trent, Japanese growth, BAE...

    Monday 10 Jun 2013

    The international consortium bidding for Severn Trent could walk away from the deal following a number of rejections by the utility group over recent weeks, The Times says, citing sources close to the matter. “If the Severn Trent board does not engage, no further proposals will be made," sources told the paper.

  • Sunday newspaper round-up: ARM Holdings, Lloyds, Bonds

    Friday 07 Jun 2013

    The main threat to ARM Holdings may turn out to be ‘home-grown.’ Imagination Technologies, the British designer of graphics and video microchips for gadgets such as the iPhone is gearing up for a foray into ARM´s main market, making the processors that go into smartphones and other devices. Hence the recent acquisition of US outfit MIPS Technologies, whose architecture, it claims, has advantages

  • Consortium increases offer for Severn Trent

    Friday 07 Jun 2013

    Water utility Severn Trent has received details of an improved cash offer from the LongRiver consortium.

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