Construction & Materials Sector News

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  • * Traders eye FTSE 100 underperforming Europe * Buy FTSE puts, Euro STOXX 50 calls, traders say * Euro could weaken further on fresh ECB stimulus An economic rebound that is strengthening Britain's jobs market could prove a mixed blessing for the FTSE 100.

  • * European shares, U.S. futures dip * Earnings depress Google (NasdaqGS: GOOG - news) , IBM (NYSE: IBM - news) in after-hours trade * Remy profit warning hurts European stocks LONDON, April 17 (Reuters) - European shares fell and U.S. futures pointed to a weaker open on Wall Street on Thursday after disappointing results …

  • * Trading winds down ahead of Easter holidays * Yellen stresses need for interest rates to stay low LONDON, April 17 (Reuters) - The dollar fell against a basket of currencies on Thursday after Federal Reserve Chair Janet Yellen reiterated an accommodative monetary policy stance in comments. In her second public speech …

  • * Trading activity winding down ahead of Easter holidays * Yellen stresses need for interest rates to stay low LONDON, April 17 (Reuters) - The dollar fell against a basket of currencies on Thursday after Federal Reserve chief Janet Yellen reiterated an accommodative monetary policy stance in comments which gave the euro …

  • UK beverages giant Diageo is expected to report revenue growth in its third quarter interims on Thursday.

  • EU mergers and takeovers (April 16) Reuters - UK Focus - Wed, Apr 16, 2014 11:31 BST

    The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS None NEW LISTINGS None EXTENSIONS AND OTHER CHANGES None FIRST-STAGE ...

  • FOREX-Dollar pares gains against euro on rising Ukraine tensions Reuters - UK Focus - Tue, Apr 15, 2014 20:45 BST

    * Russia says Ukraine on brink of civil war NEW YORK (Frankfurt: HX6.F - news) , April 15 (Reuters) - The dollar pared gains against the euro on Tuesday after rising tensions in Ukraine sent U.S. bond yields lower and capped demand for the U.S. currency. Russia declared Ukraine on the brink of civil war on Tuesday as …

  • Eight 'anchor' investors to back Euronext listing -sources Reuters - UK Focus - Tue, Apr 15, 2014 18:16 BST

    * Group includes BNP (Paris: FR0000131104 - news) , SocGen (Paris: FR0000130809 - news) , Caisse des Depots, ING, ABN Amro, Banco Espirito Santo * Euroclear expected to join consortium - source (Adds comments by Euroclear, Belfius, analyst, no comment from ING) LONDON, April 15 (Reuters) - A consortium of eight 'anchor' …

  • FTSE 250 movers: Debenhams rises after maintaining divi Sharecast - Tue, Apr 15, 2014 16:15 BST

    High Street department store Debenhams rose after maintaining its interim dividend at 1p per share despite profits falling by a quarter in the first half. The profit decline, however, was in line with ...

  • EU mergers and takeovers (April 15) Reuters - UK Focus - Tue, Apr 15, 2014 14:00 BST

    The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- Deutsche Telekom to acquire control of GTS Central Europe from ...

  • Tuesday broker round-up UPDATE Sharecast - Tue, Apr 15, 2014 12:40 BST

    APR Energy: Goldman Sachs reduces target price from 1165p to 1039p, while upgrading to buy.

  • GLOBAL MARKETS-Ukraine, weak updates hit shares; bonds rise Reuters - UK Focus - Tue, Apr 15, 2014 12:25 BST

    Crisis in Ukraine, weak trading updates from European companies and worries over China's economy turned investors sour on riskier assets on Tuesday, driving shares lower and bond prices higher. German ...

  • UK GAS-Prices fall on warm weather Reuters - UK Focus - Tue, Apr 15, 2014 10:06 BST

    British natural gas prices fell on Tuesday morning as warm weather reduced demand for heating. Gas for delivery on Wednesday was down 0.55 pence at 52.65 pence per therm by 0823 GMT. Demand was forecast ...

  • EU mergers and takeovers (April 14) Reuters - UK Focus - Mon, Apr 14, 2014 11:25 BST

    The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS None NEW LISTINGS -- Swiss agricultural trader Ecom Agroindustrial ...

  • The next week will be a holiday shortened one, but will nevertheless see the release of a raft of macroeconomic indicators.

  • Pentagon Protection 'cash constrained', shares plummet Sharecast - Mon, Apr 14, 2014 09:31 BST

    London-based window film installation group Pentagon Protection has revealed that it is 'currently cash constrained', sending shares plummeting on Monday.

  • EU mergers and takeovers (April 11) Reuters - UK Focus - Fri, Apr 11, 2014 11:12 BST

    The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- Sale by Britain's Royal Bank of Scotland of some structured retail ...

  • FOREX-Yen boosted as sliding shares dampen risk appetite Reuters - UK Focus - Fri, Apr 11, 2014 05:14 BST

    Market participants said renewed concerns over Ukraine were also a factor to watch, with the yen standing to gain from its safe-haven status. Many wrongly thought this would be a temporary factor and it is negating positive news about the U.S. economy that would otherwise help risk appetite," said Masashi Murata, senior …

  • The dollar is on track for its biggest weekly fall in nine-months early on Friday, having given up all of its recent gains as markets become increasingly convinced that any interest rate hike by the Federal Reserve is still a long way off. It is now back at levels seen before March 19 when Fed Chair Janet Yellen hinted …

  • Real estate, construction and materials stocks were performing well on Thursday amid signs of continued robust growth in the UK housing market.

  • Norcros said Thursday that its annual results would be in line with expectations after a year of 'mixed' market conditions in the UK.

  • Yankee banks on issuance spree in US high-grade market Reuters - UK Focus - Wed, Apr 9, 2014 23:41 BST

    By Danielle Robinson NEW YORK, April 9 - Credit Agricole and Mizuho continued the string of Yankee issuers taking advantage of US earnings blackout this week to tap the market Wednesday for a combined ...

  • N.Y. court dismisses claims over Saudi billionaire's alleged fraud Reuters - UK Focus - Wed, Apr 9, 2014 21:38 BST

    ALBANY, N.Y., April 8 (Reuters) - New York (Frankfurt: HX6.F - news) 's highest state court has ruled that a lawsuit by the Algosaibi family conglomerate, claiming that a Saudi billionaire who married into the family committed a $150 million fraud, should be heard in Saudi Arabia. In the lawsuit, Ahmed Hamad al Gosaibi …

  • MOVES-Lloyds Banking Group, Societe Generale, J C Rathbone Reuters - UK Focus - Wed, Apr 9, 2014 20:54 BST

    The following financial services industry appointments were announced on Wednesday. To inform us of other job changes, email moves@thomsonreuters.com. LLOYDS BANKING GROUP PLC Lloyds Bank Commercial Banking ...

  • TREASURIES-Prices fall before three-year note sale Reuters - UK Focus - Tue, Apr 8, 2014 14:14 BST

    U.S. Treasuries prices dipped on Tuesday ahead of a $30 billion three-year note sale, the first of $64 billion in new coupon-bearing supply this week. The price drop capped two days of strong gains after ...

  • FTSE 100 at lowest since March 24th; Ukraine tensions flare up; US stocks fall ahead of Q1 earnings season; Sports Direct sinks on Ashley share sale, grocers fall.

  • Lafarge Holcim merger will create world's biggest cement company, operating in 90 countries with 135,000 employees

  • The second and third largest cement makers in the world, Lafarge of France and Holcim of Switzerland, have planned sizeable divestments in order to push a merger past competition rules.

  • Cement groups Lafarge, Holcim in $50bn-plus merger talks Reuters - UK Focus - Fri, Apr 4, 2014 21:56 BST

    PARIS/ZURICH, April 4 (Reuters) - The world's two largest cement makers, France's Lafarge (Munich: CIL.MU - news) and Switzerland's Holcim (Other OTC: HCMLF - news) , are in advanced talks to merge into a company with a stock market value of over $50 billion in what would be the industry's biggest ever tie-up. A merger …

  • Bouygues boosts mobile bid for SFR, in French turf war

    Bouygues and SFR logos on a building in Dunkirk, France on April 1, 2014

  • BoE's Haldane says funds can also be "too big to fail" Reuters - UK Focus - Fri, Apr 4, 2014 14:53 BST

    * Haldane says funds can pose risks because of size, activities * Haldane says not clear if "behemoths" need more regulation (Adds industry reaction) LONDON, April 4 (Reuters) - A top Bank of England official put the world's $87 trillion asset-management industry on alert on Friday, saying it posed some of the same "too …

  • Remy Cointreau shares soar on talk of Brown-Forman interest Reuters - UK Focus - Fri, Apr 4, 2014 13:57 BST

    * "Betaville" blog says Jack Daniel's maker mulling a bid * Remy Cointreau (Frankfurt: RMC.F - news) vulnerable as faces China challenge (Bankers, analysts, Remy, updates shares) PARIS, April 4 (Reuters) - Shares in Remy Cointreau surged on Friday on speculation that Brown-Forman , the U.S maker of Jack Daniel's whiskey, …

  • European banks expected to bid for Germany's IKB - sources Reuters - UK Focus - Fri, Apr 4, 2014 13:13 BST

    * HSBC, BNP (Paris: FR0000131104 - news) , SocGen (Paris: FR0000130809 - news) , Santander, SEB (Paris: FR0000121709 - news) likely to bid -sources FRANKFURT, April 4 (Reuters) - Private equity investor Lone Star is expected to receive bids from some large European banks for corporate bank IKB, one of Germany's high-profile …

  • European shares up on expectations of solid U.S. jobs data Reuters - UK Focus - Fri, Apr 4, 2014 11:55 BST

    European shares edged higher on Friday, heading for a ninth straight day of gains, as investors bet a jobs report would show recent weakness in the U.S. economy was caused by a harsh winter and its recovery ...

  • European shares gain for 9th session, focus on jobs data Reuters - UK Focus - Fri, Apr 4, 2014 09:37 BST

    * FTSEurofirst 300 index rises 0.2 percent LONDON, April 4 (Reuters) - European shares advanced for a ninth straight session on Friday, with investors betting a U.S. jobs report would show recent economic weakness was due to the cold winter and that the recovery remains on track. The widely-tracked non-farm payrolls data, …

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