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July 2012 UK Share Price and Stock Market News Archive
Archived Daily Share Price/ Stock Market News...
Manchester United to list in New York
31 Jul at 9 AMStory Link: Manchester United to list in New York
Manchester United Football Club has announced plans to list on the New York Stock Exchange. The club aims to sell 16.7 million shares at as much as $20 each in an effort to raise $330 million. The decision follows a fall in revenue over the last year after the team saw its Champion’s League hopes dashed.
Manchester United said that it...
Facebook share drop disappoints investors
30 Jul at 9 AMStory Link: Facebook share drop disappoints investors
Facebook shares dropped to an all time low last week after the social networking site published its first ever quarterly results since becoming a public company. The company said that for the quarter ending in June it had lost $157 million.
When it first listed on the Nasdaq back in May the price per share was $38. Last week saw that price...
Facebook reports disappointing results
27 Jul at 9 AMStory Link: Facebook reports disappointing results
Shareholder payments have resulted in Facebook declaring a $157 million loss. The results are the first to be released by the social networking giant since it listed on the stock market in May. Expenses and costs for the three month to June rose to $1.93 billion, an increase of 295 per cent on a year earlier.
If staff share schemes had...
Struggling Peugeot hit by 819 million euro loss
26 Jul at 11 AMStory Link: Struggling Peugeot hit by 819 million euro loss
Following an announcement that it will be axing 8,000 jobs and closing down one of two Paris factories, carmaker Peugeot has declared losses of 819 million euros for the six months ending in June. This is compared to an 806 million euro profit during the same period a year ago.
Peugeot has predicted that it is unlikely to begin breaking...
Apple quarterly profits less than anticipated
25 Jul at 9 AMStory Link: Apple quarterly profits less than anticipated
Although Apple’s net profits have risen 21 per cent for the quarter ending in June hitting $8.8 billion, the figure was less than expected. Sales for the computer and gadget manufacturer have risen from $28.6 billion for the three months in 2011 to $35 billion for the latest quarter.
However, sales of the iPod were down 10 per cent and...
Heineken bids for APB takeover
24 Jul at 9 AMStory Link: Heineken bids for APB takeover
Asia Pacific Breweries has seen its share price climb by 17 per cent on the Singapore Stock Exchange to hit 49 Singapore dollars each. The Tiger beer maker has received a takeover bid by Heineken which wants to pay S$50 per share for the stake in the company it does not already control.
APB, One of the largest brewers in Asia, is currently...
Maruti Suzuki closes Indian plant after violence erupts
24 Jul at 9 AMStory Link: Maruti Suzuki closes Indian plant after violence erupts
Indian-based car manufacturer Maruti Suzuki has closed its plant in Manesar after clashes last week left 85 people injured and one official dead. The violence and subsequent closure has seen shares in the joint operation between Suzuki Motor Corporation and Maruti tumble by five per cent.
The firm’s chairman, RC Bhargava, said at the...
Microsoft declares a loss for first time ever
20 Jul at 9 AMStory Link: Microsoft declares a loss for first time ever
Microsoft has declared a quarterly loss for the fist time ever. The computing giant lost $492 million in the second three months of 2012 compared to a $5.9 billion profit announced for the same quarter a year ago. The main reason for this is a decision by the company to write down the value of online advertising business...
eBay doubles income in the second quarter
19 Jul at 11 AMStory Link: eBay doubles income in the second quarter
Internet auction site and retailer eBay has announced that in the second three months of the year its income doubled compared to the second quarter of 2011. Net income for the company was $692 million compared to $283 million a year earlier.
Revenue was also up above the expectations of analysts to $3.4 billion which was an increase of 23...
BHP Billiton announces record iron ore production
18 Jul at 9 AMStory Link: BHP Billiton announces record iron ore production
Miner BHP Billiton said that output of iron ore for the second three months of the year had increased by 15 per cent. Production for the year was 159 million tonnes which is a record for the firm. The second quarter growth comes even though there are concerns that China’s demand continues to weaken. The company previously said that it was...
Indian IT firm announces better than predicted results
17 Jul at 10 AMStory Link: Indian IT firm announces better than predicted results
The largest IT outsourcing firm in India has announced a rise in profits for the first quarter of the year. Tata Consultancy Services said an increase in demand for outsourcing services had led to a 38 per cent rise in profits for the three months. A weak rupee has also helped.
This is because foreign firms are getting the services and...
JPMorgan Chase extends trading loss estimate
16 Jul at 2 PMStory Link: JPMorgan Chase extends trading loss estimate
JPMorgan Chase has extended its estimated recent trading losses to $5.8 billion. However, the company’s shares rose on news that last quarter profits hit a better than expected $4.96 billion. Friday’s trading in New York saw the firm’s share price rise by 5.8 per cent.
Originally JPMorgan said that its losses were estimated to be $2...
Share prices down in Asia following interest rate cuts
13 Jul at 9 AMStory Link: Share prices down in Asia following interest rate cuts
A decision by the central bank of South Korea to slash interest rates has resulted in a share price drop across Asia. The shares index of the South Korea Kopsi fell by 2.2 per cent as interest rates were reduced from 3.25 per cent to 3 per cent. The decision has caused analysts to suspect that the economic situation in the country has...
Burberry shares drop as sales rise
12 Jul at 9 AMStory Link: Burberry shares drop as sales rise
Burberry, the fashion group, has announced that a growth of sales in the Asian market has led to a boost in revenues for the last quarter. For the three months ending in June the company said it had increased revenue by 11 per cent to £408 million.
However, Burberry shares have fallen in value by 7.4 per cent because the growth fell short...
Marks and Spencer posts second quarter sales drop
11 Jul at 10 AMStory Link: Marks and Spencer posts second quarter sales drop
Marks and Spencer has posted a second-quarter sales drop which was in part blamed on stock issues at the start of the year and unseasonably poor weather. It has also announced a management shake up which will see Kate Bosworth step down from her position as head of general merchandise.
Like-for-like sales in the UK between April and June...
Alcoa posts quarterly loss as aluminium prices fall
10 Jul at 9 AMStory Link: Alcoa posts quarterly loss as aluminium prices fall
Alcoa, the American aluminium producer, has posted a second-quarter loss of $2 million. The announcement comes as the price of aluminium drops to its lowest level in two years. The price of the metal is currently 18 per cent lower than it was last year which has caused Alcoa to see a loss compared to a $322 million profit in the same quarter...
US jobs data causes stock markets to fall
9 Jul at 12 PMStory Link: US jobs data causes stock markets to fall
Unimpressive jobs data in the US has caused shares to slip. Figures for June showed that 80,000 new jobs had been created which was 20,000 short of the figure required by the Federal Reserve to announce that the job market is stable. The Dow Jones fell 1 per cent on the report.
Although President Barack Obama said the jobs figures were...
Aviva to boost share price through sell off
6 Jul at 9 AMStory Link: Aviva to boost share price through sell off
Insurance firm Aviva has announced that it is to increase its target for cost saving and implement a broad disposal plan in an effort to turn its share price around. According to executive chairman Jon McFarlane the moves should mean that the company will not have to reduce its dividend or issue new shares.
Aviva recently embarked on a...
Stock prices fall ahead of ECB meeting
5 Jul at 9 AMStory Link: Stock prices fall ahead of ECB meeting
Stock prices in the EU have declined as investor attention turns towards a meeting of the European Central Bank. Shares in energy firms have seen a decline as oil prices retreat from Tuesday’s five-week high. In London, Tullow Oil lost 1.9 per cent and Statoil, the Norwegian gas and oil group, shed 1.6 per cent.
The banks have also seen...
Bob Diamond departure steadies Barclays shares
4 Jul at 9 AMStory Link: Bob Diamond departure steadies Barclays shares
Shares at Barclays seem to have steadied following the announcement that Bob Diamond, the bank’s chief executive, is stepping down. According to analysts his resignation will help to take some of the heat currently focused on Barclays because of the libor-fixing scandal away.
In a statement Mr Diamond said he had taken the decision to...
Stocks in the UK up on positive Chinese manufacturing figures
3 Jul at 9 AMStory Link: Stocks in the UK up on positive Chinese manufacturing figures
Better than expected manufacturing figures between China and the UK and Europe have helped to push stocks in the UK to and eight week high. An announcement that it may be about to sell off various divisions saw insurer Aviva Plc shares gain 3.7 per cent. Barclays Plc saw shares jump by 3.4 per cent following the resignation of Chairman...
Shares up in Asia for the start of the third quarter
2 Jul at 9 AMStory Link: Shares up in Asia for the start of the third quarter
The start of the third quarter of the year has been greeted by a rise in share prices in Asia. The lift comes on the back of an agreement in Europe that leaders will shore up the zone’s banks. However, some early gains by the euro were lost as concerns persisted over the continuing debt crisis.
Following a surge of 2.7 per cent on...
