LONDON (Alliance News) - The Weir Group PLC and Finland's Metso Oyj confirmed Tuesday that Glasgow-based Weir has made an unsolicited proposal to Metso for a merger that would be worth about GBP8.36 billion. The FTSE 100 engineering firm has a market capitalisation of GBP5.41 billion, while Read More
LONDON (Alliance News) - Finland's Metso Oyj confirmed Tuesday receiving an unsolicited merger proposal from the UK's Weir Group PLC. However, Metso said it is currently not, and has not been, engaged in discussions with Weir, as it is still in the process of considering Weir's proposal.</p Read More
LONDON (Alliance News) - UK shares have opened mostly higher Tuesday, following through on a strong close in NY and dovish comments from the US Federal Reserve chair.<br /><br /><strong>Rathbone Brothers</strong> has made waves early Tuesday, announcing two major acquisitions and a share placi Read More
LONDON (Alliance News) - The Weir Group PLC is in talks for an GBP8.5 billion merger with a Finnish rival, The Times newspaper reported Tuesday. The Glasgow-based engineering firm is in talks with Helsinki-listed Metso Oyj, The Times said. Weir has a market capitalisation of GBP5.41 b Read More
LONDON (Alliance News) - The following UK shares received analyst recommendations Monday morning:<br />----------<br /><strong>FTSE 100</strong><br />----------<br />BERNSTEIN CUTS RSA INSURANCE PRICE TARGET TO 115 (130) PENCE - 'OUTPERFORM' <br />----------<br />CITIGROUP CUTS RSA INSURANCE P Read More
LONDON (Alliance News) - The following UK shares received analyst recommendations Friday morning:<br />----------<br /><strong>FTSE 100</strong><br />----------<br />JEFFERIES RAISES MAN GROUP TO 'HOLD' ('UNDERPERFORM') <br />----------<br />BARCLAYS RAISES MAN GROUP PRICE TARGET TO 108 (94) P Read More
LONDON (Alliance News) - The following UK shares received analyst recommendations Thursday morning:<br />----------<br /><strong>FTSE 100</strong><br />----------<br />MORGAN STANLEY RAISES WEIR PRICE TARGET TO 2250 (2040) PENCE - 'EQUAL-WEIGHT' <br />----------<br />UBS RAISES WEIR GROUP PRIC Read More
LONDON (Alliance News) - UK stock indices opened lower Wednesday and never recovered. While a busy day of corporate news provided some stand-out movers, a number of stocks going ex-dividend provided a drag, while a small downgrade to the UK's 2013 GDP numbers appeared to keep overall sentiment ne Read More
LONDON (Alliance News) - ITV reported higher profits and revenues for 2013 and gave a bullish outlook for 2014, but has seen its shares punished Wednesday after it failed to increase its special dividend. The television company raised its total dividend for 2013 to 3.5 pence, from 2.6 pence Read More
LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Wednesday.<br /><br />-------<br /><br /><strong>FTSE 100 - WINNERS</strong><br /><br /><strong>Weir</strong> Group, up 6.5%. Despite reporting a fall in profit and revenue fo Read More
LONDON (Alliance News) - The following is a summary of top news stories Wednesday.<br />----------<br /><strong>COMPANIES</strong><br />----------<br />Online domestic appliances retailer <strong>AO World</strong> PLC set the price for its upcoming initial public offering at 285 pence a share, Read More
LONDON (Alliance News) - The UK's main stock indices are lower Wednesday, weighed on by a number of disappointing corporate announcements, as well a revision downwards in the annual growth rate of the UK economy last year. By mid-morning Wednesday, the FTSE 100 is down 0.4% at 6,801.25, the Read More
LONDON (Alliance News) - Engineering solutions firm Weir Group PLC Wednesday reported a fall in profit and revenue for the full year, as it was hit by challenging end-user markets, but said it expects to return to underlying growth in 2014. The company posted pretax profit of GBP418 million Read More
LONDON (Alliance News) - Shares have opened lower Wednesday ahead of UK GDP figures at 0930 GMT. <strong>ITV</strong> reported strong 2013 results and expressed confidence for 2014, but its shares are down 4.2% at the open on disappointment in the size of its special dividend.<br /><br / Read More
LONDON (Alliance News) - UK stocks are set to follow their US counterparts marginally lower Wednesday, as investors take their positions ahead of the latest UK GDP estimate later in the day. Wall Street closed slightly lower Tuesday after US consumer confidence fell by more than expected in Read More
LONDON (Alliance News) - The FTSE 100 closed down for the first time in eight days Tuesday, retreating from Monday's 14-year closing high, as renewed worries about Chinese economic growth weighed on stock markets in Asia and Europe. The Asian session saw the Hang Seng close down 0.3% and th Read More