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October 2012 UK Share Price and Stock Market News Archive
Archived Daily Share Price/ Stock Market News...
Burberry shares up despite poor performance in China
15 Oct at 9 AMStory Link: Burberry shares up despite poor performance in China
Burberry has seen an increase in the price of its shares even though the fashion house has also recorded a drop in demand in China, one of the company’s key growth markets. Stock was up 13 per cent on news that other markets remained strong. For the half-year ending in September underlying revenues rose by eight per cent compared to that...
French firm questions proposed merger between EADS and BAE Systems
2 Oct at 9 AMStory Link: French firm questions proposed merger between EADS and BAE Systems
A proposed merger between EADS and BAE systems has hit a stumbling block as Lagardere a major shareholder in the European giant has expressed reservations regarding the deal. As it stands, a decision about the tie-up needs to be made by 10 October because of a deadline set by the UK’s Takeover Panel. However, a request for an extension from...
Glencore merger with Xstrata announcement expected imminently
1 Oct at 9 AMStory Link: Glencore merger with Xstrata announcement expected imminently
It is expected that today will see Xstrata board members tell the mining company’s share holders that they should agree to a merger with Glencore, the commodities trader. The UK Takeover Panel has set today as the deadline for a decision.
Glencore first announced its interest in a tie-up in May this year, but a disagreement over share...