London midday: Hanging onto gains
29th Mar 2010 12:33
Telecoms firms and miners are just about keeping blue chips in the blue, though most of the early gains have now been given back. Vodafone is higher on reports over the weekend it is in talks about resolving the future of its US mobile phone joint venture, Verizon Wireless. Several options are bei
Read moreLondon open: Footsie starts brightly
29th Mar 2010 08:50
London has opened the shortened week on the front foot with telecoms and miners leading the index higher. Vodafone is higher on reports over the weekend it is in talks about resolving the future of its US mobile phone joint venture, Verizon Wireless. Several options are being discussed including a
Read moreLondon pre-open: Bright start expected
29th Mar 2010 07:40
London looks set to open the shortened week on the front foot, with traders expecting the FTSE 100 to open around 16 points up from its close on Friday. Sports Direct has confirmed press speculation that it is 'seriously considering a material increase in the level of its indicative bid' for Blacks
Read more3i Infrastructure sees conditions improve
29th Mar 2010 07:28
Investment firm 3i Infrastructure said the market environment for infrastructure investment is improving and added that its portfolio is performing well and continues to deliver a good yield. The group invested £73.3m in the period from 1 April 2009 to 29 March 2010 and realised £25m. The company h
Read moreFamily purchase at BATS
16th Dec 2009 16:09
Dr Gerald Murphy's family interests have acquired 3,000 shares in British American Tobacco. Dr Murphy joined the board of British American Tobacco as a non-executive director on the 13 March. This is the first time he and his family interests have acquired any shares in the tobacco company since he
Read moreUpdate: 3i Infrastructure preserves NAV
5th Nov 2009 09:23
Investment firm 3i Infrastructure saw profits slide in the first half of its financial year but its net asset value remained stable. Profit before tax in the six months to the end of September tumbled to £28.3m from £54.4m as 3i's investment return dropped to £38.7m from £66.3m the year before. Di
Read moreLondon close: Footsie slides with Wall Street
1st Oct 2009 16:28
Footsie closed sharply lower after the US reacted badly to worse than expected dole claims. The Dow is now down more than 100 points with investors nervous ahead of the big monthly non-farm payrolls figure tomorrow. BAE struggled after the Serious Fraud Office asked the Attorney General if it can p
Read moreLondon afternoon: Blue chips drifting along
1st Oct 2009 14:05
Footsie has recovered a little ahead of the US open, but the index is still in the red with weapons group BAE Systems especially under the cosh. Early indications are for the Dow to drop between 15-18 points, with intital jobless claims a bit higher than expected. The big jobs figure comes tomorro
Read moreLondon midday: Footsie slips after record quarter
1st Oct 2009 12:08
Footsie has paused for breath after its record-breaking quarter with weapons group BAE Systems especially under the cosh. The Serious Fraud Office has asked the Attorney General if it can prosecute the defence contractor over alleged bribery in a number of countries. The SFO is deciding if it shou
Read moreLondon open: Healthy start to Q4
1st Oct 2009 08:40
London set off higher Thursday as buyers snapped up miners and Legal & General (L&G) continued to attract speculative interest. Persistent talk that Resolution is circling L&G had the insurer higher again in early deals, while yesterday's upgrade by Deutsche Bank helped. The broker also thinks Av
Read more3i Infrastructure dips into cash mountain
1st Oct 2009 08:04
3i Infrastructure said its investment portfolio continues to perform satisfactorily while continuing to deliver an attractive yield. In the six months to the end of September the infrastructure investment company invested £32m, with the main investment since its last update on 15 July being a furth
Read moreCash rich 3i Infrastructure to remain selective
16th Jul 2009 08:40
Infrastructure investment company 3i Infrastructure said its investment portfolio is performing in line with expectations, while a number of attractive investment opportunities are in the pipeline. The company invested £27.4m in the period between 1 April and 15 July, the bulk of which was accounte
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