June 2012 UK Share Price and Stock Market News Archive

Malaysian palm oil company Felda has seen its shares surge during its debut as investors gamble on rising demand for its regional product. The company’s shares went up as much as 20 percent, reaching 5.46 ringgit on Bursa Malaysia, the Malaysian stock exchange. The firm had generated 10.4 billion ringgit through its share sale--the...

In an effort to increase its market share, Coca-Cola has announced that, in collaboration with its bottling partners, the company will invest $5 billion in India. The investment, which is $3 billion more than it had been announced previously, is due to be spread over eight years. India is a fast-expanding consumer market, in which the...

According to a recent survey, advisers have expressed more optimism about stock markets in the US than in Canada , while showing and more concerned over a major downturn in the Chinese market than in the eurozone. The insurer and wealth management firm, which is based in Toronto, found that 78% of nearly 500 advisers surveyed expressed...

Italian and Spanish shares have dropped sharply with fears that the EU summit taking place this week will fail to create a deal to save the euro. The shares’ main indexes finished down by around 4 percent as Spain’s prime minister urged summit leaders to "dispel doubts" over the single currency. The US stock market was...

Billabong shares have dropped nearly half in price as trading continued this morning. This arrives after the group announced last Thursday that it would attempt elicit $225 million from investors. The surfwear retailer's share dropped to an all-time low of 94 cents as the trading stop was lifted today right before 11am. Billabong shares...

Wall Street shares finished with a 2 percent drop after manufacturing figures in Europe, China and the US indicated a weakening global economy. Prices for petroleum were also affected, with Brent crude oil and US light crude both down by over 3.5 percent. The sad economic news came after a downgrade of American economic growth forecasts...

For the second time in two months, Procter and Gamble (P&G), which manufactures Duracell batteries and Pampers nappies, has slashed its sales and profits predictions. The globe’s largest maker of household products has predicted sales to be 3 percent higher than in 2011 during the three months until the end of June, instead than 5...

EU stock markets went up on Tuesday afternoon, propped up by falling UK inflation, hopes of central bank stimulus packages and positive company outcomes. The German Dax index went up 1.8 percent to 6363.4, while the French the Cac 40 index increased by 1.7 percent to 3117.9. Rising over 2 percent was the FTSE 100, which ended up by 1.7...

The United Kingdom supermarket group Tesco will be exiting Japan in a double-stage process, in which it will first sell off 50 percent of its Tesco Japan subsidiary company to Aeon, the nation’s second-biggest retail group. Prior to its eventual departure from the business, Tesco plans to invest £40 million in this joint venture. No...

Markets in Asia have gone up after pro-bailout parties in Greece gained power following the Sunday elections. The New Democracy party, which finished first, has supported the two bailouts of the country by the International Monetary Fund (IMF) and the European Union (EU). Previously, there had been worries that if the anti-bailout Syriza...

Manchester United football club has announced its tentative plan to move its upcoming stock market flotation from Singapore to the United States. Previously, Manchester United was planning a $1 billion share sale at the Singapore Stock Exchange. If its share listing is moved, this would be the most recent in a series of cancelled or...

By a majority vote of 59.5%, WPP shareholders have rejected the firm’s executive pay report. The report included a £6.8 million deal for CEO Sir Martin Sorrell, and the vote was announced at the marketing agency's yearly meeting in Dublin. However, the vote is not binding. The move comes after several shareholder advisory groups urged...

Following reports that Qantas had chosen the Macquarie Group to protect against any takeover bids, the Australian airline’s shares surged 13 percent on the Australian Securities Exchange to A$1.1. Qantas shares have dropped by over 40 percent during the past year, plunging to a low record of A$0.96, amid a drop in profits last week. The...

As borrowing costs for both Spain and Italy rose, concern remains over the eurozone debt crisis, even with the 100 billion-euro bailout of Spanish banks. Yields for ten-year Italian bonds went up from 5.758 percent to end at 6.032%. Yields for Spanish bonds were also higher, to nearly 6.5 percent, In the meantime, ratings agency Fitch has...

For the first time, shares for Qantas Airways have dropped below the Australian dollar mark, following ratings agency Standard & Poor's decision to review the airline for a possible downgrade. Stakes in Australia's biggest carrier dropped 8.5 percent to 97 cents, prior to slightly recovering to 99 cents. The airline said that profits...

HTC shares have dropped 7 percent on c following the firm’s decision to lower its sales and profit predictions for the second quarter. The firm says it expects to bring in a revenue of NT$91 billion ($3 billion, or £1.9 billion) for that period, which is 13 percent less than its original projection. HTC also slashed its predictions for...

Wall Street shares have witnessed their largest daily jump for 2012 on hopes of a big rescue for Spanish banks, as well as a Federal Reserve report suggesting the American economy was getting back on track. The Dow Jones index finished at 12,415, up 287 points (2.4 percent). European markets also ended higher, as the Paris and London...

China has barred access to the phrase "Shanghai Composite Index" on many of the nation’s most frequented microblogging sites. It occurred after the index fell by 64.89 points last Monday. The figures correspond to June 4 1989, or the date of the government crackdown on protesters at Tiananmen Square in Beijing. China sternly...

Qantas has announced that it expects profits to drop by as far as 90 percent with its highest fuel bill on record and further losses in its global operations. It has predicted a pre-tax profit of between A$50 million and A$100 million for the year finishing June 30. This is down from a pre-tax profit of A$552 million during the same time...

Stock markets have dropped after lower-than-expected employment data from the United States released on Friday sparked concerns over the global financial recovery. As Wall Street opened a little lower, Germany's Dax index fell by 1%. France's Cac 40 also started down prior to recovering during afternoon trading. Japan's Nikkei 225 finished...

Thomas Cook has witnessed its half-year losses rise sharply after some tumultuous six months, but is planning to take "decisive action" to fix its position. The travel group announced £713 million worth of pre-tax losses for the half year leading up to 31 March, a jump from last year’s £269 million loss. The firm has...