London pre-open: Subdued start in store
22nd Jun 2011 07:41
Hopes that the Greek government winning a vote of confidence overnight would put investors in an optimistic frame of mind look set to be dashed at the outset, with City traders suggesting the blue-chip index will open a handful of points lower. The government of George Papandreou secured 155 of the
Read moreAggreko picks up slack in Tanzania
22nd Jun 2011 07:19
Aggreko, the Scottish company that is a global player in the temporary power market, has bagged a new contract with the Tanzania Electric Supply Company (TANESCO). Aggreko is to provide two 50 megawatt (mw) diesel-powered plants at Ubungo and Tegeta for a 12-month period, and will also manage the f
Read moreLondon close: Greek concerns weigh on financials
20th Jun 2011 16:43
The Footsie finished moderately lower on Monday afternoon as Greek debt crisis dragged on. Financials were among the fallers over concerns of a possible Greek default, as Europe's finance ministers remain at loggerheads over dishing out a chunk of the €110bn bailout money agreed last year for the c
Read moreFTSE 100 movers: RBS leads financials lower
20th Jun 2011 16:01
Financials are among the fallers over concerns of a possible Greek default, as Europe's finance ministers remain at loggerheads over dishing out a chunk of the €110bn bailout money agreed last year for the country. RBS, Man Group, Hargreaves Lansdown and Schroders were the worst four performers as o
Read moreLondon midday: Stocks under pressure as euro saga drags on
20th Jun 2011 12:03
Stocks remain under pressure as the Greek debt situation continues to cast a shadow. Eurozone ministers have postponed their decision on a €12bn (£10bn) loan to the indebted Mediterranean nation until it passes more austerity measures. Among the fallers are Aggreko even after the temporary power
Read moreLondon open: Stocks fall back again
20th Jun 2011 08:24
The top share index has started the week on the decline as the Greek debt crisis continues to rumble on. Eurozone ministers have postponed their decision on a €12bn (£10bn) loan to the indebted Mediterranean nation until it passes more austerity measures. Miners and financial stocks are dragging t
Read moreLondon pre-open: Back into reverse
20th Jun 2011 07:44
London's leading shares are set to start the week on a dull note with City traders predicting the Footsie will tumble back below the 5,700 mark, down by around 50 points. Temporary power and temperature control provider Aggreko saw an acceleration in the rate of underlying growth in the second quar
Read moreGrowth heating up at Aggreko
20th Jun 2011 07:05
Temporary power and temperature control provider Aggreko saw an acceleration in the rate of underlying growth in the second quarter. The group now expects that revenue in constant currency and excluding pass-through fuel in the first half of 2011 will be about 9% higher than in the corresponding pe
Read moreLondon close: Greek talks bolster late recovery
17th Jun 2011 16:33
As European leaders seemed to come closer to a solution to the Greek crisis, sentiment was lifted across the continent with markets finishing higher across the board. Despite a poor start, London equities got a boost in the late morning period, helping the Footsie back above the 5,700 mark. A strong
Read moreFTSE 100 movers: Miners recover to lift the Footsie higher
17th Jun 2011 13:30
The miners are leading the comeback as metals prices recover slightly. Lonmin, Anglo American, Xstrata and Kazakhmys are among the best performers on the blue chip index, despite falling early on. Following the acquisition of an additional stake in Africa-focused coal miner Riversdale Mining, Rio
Read moreBroker snap: Aggreko rises as Goldman Sachs reiterates its buy rating
17th Jun 2011 11:53
Temporary power provider Aggreko is now trading up 1.2% on the FTSE-100, to the 1,888p mark, as Goldman Sachs has raised its target price on the firm ahead of a trading update on Monday. "The recent acquisition by Horizon Acquisition Company of APR Energy - Aggreko's largest competitor in the IPP b
Read moreFTSE 100 movers: ENRC, Glencore higher amid speculation
13th Jun 2011 14:16
Eurasian Natural Resources Corp (ENRC) has advanced on speculation that commodities trading house Glencore is drawing up a bid. The Sunday Times said that Glencore's Chief Executive Ivan Glasenberg has held talks in recent weeks with ENRC's three founders and key shareholders Alexander Mashkevitch,
Read moreFTSE 100 movers: Aggreko leads the fallers
16th May 2011 15:45
The Footsie has come off its lows but remains in the red, led by temporary power supplier Aggreko, who is trading over 3% lower. Engineers Invensys and Weir are also out of favour. Data software firm Autonomy is wanted after it announced that it is to boost its cloud computing capability with a $38
Read moreThursday tips round-up: ARM, Senior, 600
28th Apr 2011 07:16
Arm Holdings super-smart chips drive almost every smartphone on the market and its reach is now expanding well beyond advanced mobile phones. The stock trades on a huge multiple, which KBC Peel Hunt estimates at 54 times its estimated earnings for 2011. The Independent has Arm as one of its stock p
Read moreLondon close: Flat finish on eventful day
27th Apr 2011 16:56
Shares lost their puff ahead of the close having burst into life following a sluggish start, but there were some big movers in both directions, particularly in the mid-cap index. First quarter GDP data was the main talking point though growth of 0.5% was in line with expectations. On the company f
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