London afternoon: Banks' balance sheet issues resurface
12th Oct 2009 14:23
The Footsie crashed through the 5200 barrier this morning to rise to a one-year high and although prices came off the top over the lunch-time session, the vast majority of blue-chips are still in the blue. The upward trend in global equity markets is good news for the insurers and their investment
Read moreLondon close: Best ever quarterly gain for Footsie
30th Sep 2009 17:00
Wall Street fell out of bed at the start of its trading day after the release of disappointing business activity data and London quickly followed the US market downwards. However, a rally in the last half hour ensured that the FTSE 100 enjoyed its best ever quarterly percentage gain since the index
Read moreLondon afternoon: Footsie still lacking direction
30th Sep 2009 14:20
Footsie has continued its recent sluggish run, with company updates pulling the leading share index in both directions, but remains set for a record quarterly gain. Hedge fund manger Man is the best performer after a bullish trading update. "Investor sentiment is continuing to improve across the in
Read moreFTSE 100 movers: Man followers in happy mood
30th Sep 2009 14:19
Hedge fund manger Man is the best performer after a bullish trading update. "Investor sentiment is continuing to improve across the industry, the performance outlook is healthy and the prospects for sustained industry inflows are very promising," chief executive Peter Clarke said. Evolution Securit
Read moreLondon midday: FTSE 100 on course for record quarter
30th Sep 2009 12:13
Footsie still looks on course for a record quarterly gain, but early strong rises have been whittled away ahead of the US open. Hedge fund manger Man is the best performer after a bullish trading update. "Investor sentiment is continuing to improve across the industry, the performance outlook is h
Read moreBroker tips: Man Group, Thomas Cook, ASOS
30th Sep 2009 11:46
Man Group's fan club was out in force after an upbeat trading statement from the hedge fund manager on Wednesday. Evolution Securities rates the shares a 'buy', taking the view that the worst is behind Man now, with funds under management growing and redemptions declining. 'We retain our buy recom
Read moreBroker snap: Economy clouds 2010 outlook for Thos. Cook
30th Sep 2009 11:37
The trading update from travel group Thomas Cook has received a mixed reception, despite the company talking up a strong finish to the summer season. 'The group is not planning to cut capacity further but the trend towards later booking and the distinct possibility of a consumer double dip as taxes
Read moreLondon open: Early gains for Footsie
30th Sep 2009 08:47
Footsie has shrugged off a sluggish performance in the US overnight and is now pushing ahead again. Hedge fund manger Man is the best performer after a bullish trading update. "Investor sentiment is continuing to improve across the industry, the performance outlook is healthy and the prospects for
Read moreLondon pre-open: Slight fall expected
30th Sep 2009 07:45
Footsie is expected to fall by a couple of points in early dealings, continuing its rather sluggish performance of recent days. Fashion and food retailer Marks & Spencer posted a 0.5% fall in like-for-like sales in the 13 weeks to 26 September as recession-hit shoppers stayed frugal. Chairman Sir S
Read moreLast minute bookings lift Thomas Cook
30th Sep 2009 07:18
A rush of last-minute bookings helped Thomas Cook trade well over summer, the travel company said. The firm added that winter bookings have improved since August. 'Summer trading is finishing in line with expectations underpinned by a strong lates market and the popularity of the package holiday,'
Read moreLondon afternoon: Market in holiday mood
9th Sep 2009 14:22
Footsie made an assault on the 5,000 level over the lunchtime session but fell short, as investors took note of expectations of a flat start on Wall Street. With mergers and acquisition activity back on the agenda British Airways is in demand on hopes of a swift conclusion to its team-up with Spani
Read moreFTSE 100 movers: News from Brazil buoys BG
9th Sep 2009 10:44
Blue chips are making good ground again. BG is the stand-out story of the day with another bullish update on its Brazil acreage. The group said the the test results on its 30% owned Guara discovery in the Santos Basin off the coast of Brazil were 'excellent'. The discovery, jointly owned with the
Read moreThursday's tips round-up: Diageo, Hargreaves Landsdown, DSG
3rd Sep 2009 06:29
Diageo shares remain a buy, although they may mark time for a while after recent strong gains. The Telegraph's Questor is expecting a pull-back in the FTSE 100 over the next month or so - and Diageo will not be immune to these market moves. However, long-term prospects are good and investors should
Read moreWednesday's newspaper round-up: IMF, Thomas Cook, Nomura
19th Aug 2009 06:49
It's official: the recovery has begun - although recovery will be unpredictable and protracted, according to the International Monetary Fund's chief economist, writes the Telegraph. "The recovery has started," claims Olivier Blanchard in a paper to be published by the IMF on Wednesday. A large part
Read moreAquarius non-exec makes purchase
18th Aug 2009 16:21
David Dix, non-executive director of Aquarius Platinum, has acquired 100,000 shares in the miner. He acquired 89,943 shares at A$5.58 a share and subsequently purchased 10,057 shares at A$5.31 each. Dix, who was appointed to the board in 2004, now holds 100,000 shares in the group. Last week, the
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