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LSE Market News

BBC and BT Sport claim FA Cup rights 2014-18

Jul 17 2013 @ 15:11
Will BT’s share price see a boost? The BBC and BT Sport have secured a four year shared rights deal that will see both broadcasters become home to The FA Cup from 2014. The Football Association, marking its 150th anniversary this year, confirmed the deal in a joint announcement at Wembley Stadium on Wednesday. It […]
 

BAC and Banking Sector Turn FTSE Around

Jul 17 2013 @ 09:25
My first look at the FTSE charts at midday reminded me of Churchill’s “V for Victory” sign as it resembled the statesman’s forefinger and index fingers raised aloft.  The 100, the 250, and the TechMARK all resembled a huge “V” as an early morning slump reversed its course and the indices rose to opening heights. […]
 

GSK Shares Plummet Following Trouble in China

Jul 16 2013 @ 08:43
GlaxoSmithKline (LSE:GSK) share price plummeted today by 25.50 pence to 1719.00 after the noon hour.  Although it would be difficult to determine precisely why GSK’s share price has dropped, it might have something to do with its inability to distinguish itself from the illegal drug trade in China. Reports this morning indicate that at least […]
 

What Do a Candy Store & an IPTV Company Have in Common?

Jul 15 2013 @ 07:43
That’s a very good question.  What do a retail candy store chain and an IPTV company have in common?  At first glance, it would appear that the answer is “nothing”.  May I suggest that on this date, 15 July 2013, they both prove that what they teach in art appreciation courses is true.  That is, […]
 

Active Risk Share Price Up More Than 50%

Jul 11 2013 @ 09:15
You’ve got to like Active Risk (LSE:ARI) as an investment.  People liked it so much today that its share price grew by more than 50% on trading of only 1.076% of its outstanding shares following the announcement of its impending acquisition by Sword Aquila Ltd.  By early afternoon the share price had risen 11.5 pence […]
 

Primark Gives ABF a Boost

Jul 11 2013 @ 03:59
How a food company got its hand on a fashion retail brand is not what’s important for now. What matters today is the fact that Associated British Foods plc (LSE:ABF), a global conglomerate of food products, is getting a trading boost, thanks to its clothing business Primark. Shares of the FTSE 100 firm jumped 110 […]
 

Avanti Moves Indietro

Jul 10 2013 @ 09:46
Okay.  Let’s operate under the assumption that not everyone on High Street understands Italian.  The headline means that Avanti Communications (LSE:AVN) is moving backward, losing 36.37% of its market cap today as its share price dropped 89.75 pence to 157.00 by 2:00 pm.  In case you still don’t get the dark humor of the title, […]
 

UK government to float Royal Mail

Jul 10 2013 @ 08:50
Unknown what effect this will have on red elastic bands, late deliveries and job prospects for black and white felines. Royal Mail has welcomed the Government’s announcement today that it intends to relinquish overall control and achieve minority ownership in Royal Mail. The Government intends to dispose of a majority stake in Royal Mail this […]
 

BP's Vivergo bioethanol plant opened

Jul 09 2013 @ 15:38
Opened by the Liberal Democrat Business Secretary Vince Cable The £350 million Vivergo bioethanol plant in Hull was officially opened today by the Rt. Hon Vince Cable MP, Secretary of State for Business, Innovation and Skills. The new plant is the UK’s biggest bioethanol producer and largest single-source supplier of animal feed providing valuable commodities […]
 

M&S sees clothes sales fall but food rise

Jul 09 2013 @ 15:30
Some progress in General Merchandise and an excellent performance in Food • Group sales +3.3% * • Total UK sales +2.7%:Food +4.5%; GM +0.5% • Like-for-like UK sales +0.3%:Food +1.8%; GM –1.6% • International sales +8.7% * • M&S.com sales +29.9% Marc Bolland, Chief Executive that the company’s “General Merchandise business showed some improvement this […]
 
 
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