Fri 17 May 2013 Ocado Group shares leapt almost a third on Friday after Morrison Supermarkets confirmed the two are teaming up to launch its first shopping website in January next year. The partnership had been expected as the two have been in talks since Morrison announced it was moving online in its annual results in March. Online grocer Ocado will provide its technology, logistics and distribution operations to Morrison.
Fri 17 May 2013 Banks were making a strong rise after UBS lifted its rating for the global banking sector from 'underweight' to 'overweight', saying that the operating environment is beginning to improve. In a research report titled 'Post-crisis banking', UBS said that the tone of its Global FID conference earlier this week was "neutral to slightly positive" and banks are starting to see "improving bottom-up trends". RBS led the risers, with Lloyds close behind.
Fri 17 May 2013 The FTSE 100 registered moderate falls in early trading on Friday in aftermath of a series of disappointing economic figures, as markets pulled back after a strong showing over the last two weeks.
Fri 17 May 2013 City sources predict the FTSE 100 will open down four points from yesterday's close of 6,688, ahead of the latest reading of the US consumer sentiment index, EU car registrations and the German wholesale price index.
Thu 16 May 2013 Shares in chemicals company Synthomer dropped on Thursday after the company said demand in Europe was weaker than anticipated during March and April, driving the overall group performance lower.
Thu 16 May 2013 The FTSE 100 was continuing to trade within an extremely tight range on Thursday morning as investors consider how much further the rally will go given that the index is already trading at levels not seen in five and a half years.
Thu 16 May 2013 The winning streak on the FTSE 100 continued into its 11th day on Thursday as stronger-than-expected growth in Japan boosted London's benchmark index to fresh five-and-a-half-year highs.
Wed 15 May 2013 Keller, the world's largest independent ground engineering specialist, sparked a share-price surge on Wednesday after saying that results so far this year have beaten its expectations despite mixed conditions worldwide. The company said that while economic conditions across global construction markets continue to be "varied", both revenue and profit in the first four months of 2013 was better than it expected at the time of announcing its full-year results in March.
Wed 15 May 2013 An improved outlook from the Bank of England (BoE) lifted UK markets into the blue by Wednesday lunchtime as investors shrugged off disappointing growth figures from the Eurozone and rising unemployment at home.
Wed 15 May 2013 Worse-than-expected growth figures from Eurozone powerhouses Germany and France dampened market sentiment in London on Wednesday morning, as stocks pulled back after hitting fresh multiyear highs the day before.
Wed 15 May 2013 City sources predict the FTSE 100 will open up five points from yesterday's close of 6,686, likely to be driven in part by utilities giant Severn Trent, which has this morning brushed off a bid approach from a consortium of foreign investors, saying it completely undervalues the firm.
Tue 14 May 2013 ICAPs annual pre-tax profit fell 20 per cent to 284m pounds compared to the previous year as the broker was hit by the weak global economy, low interest rates and regulatory reforms. Nevertheless, that was 'in-line' with consensus expectations given company guidance in its recent trading statement. For their part, analysts at Credit Suisse saw "slightly better cost savings guidance for the fiscal year 2014", but expects only modest changes to consensus earnings as the company guided that additional cost savings would be re-invested in new initiatives.