Aggreko wins first Ivory Coast contract
26th Mar 2010 07:03
Temporary power and heating specialist Aggreko has won a €35m contract to help alleviate the Côte d'Ivoire's problems with power cuts. Aggreko will provide the Société de Gestion du Patrimoine du Secteur de l'Electricité (SOGEPE) and the Société d'Opération Ivoirienne d'Electricité (SOPIE) with 70
Read moreFormer UKFI boss buys Lloyds shares
23rd Mar 2010 16:38
Glen Moreno has bought his first shares in Lloyds Banking Group since he was appointed senior independent non-executive director of the company on 1 March. He has bought 50,000 ADRs, which is the equivalent of 200,000 shares, at $3.69 each. That is equivalent to just over 61p a share, making the c
Read moreFriday tips round-up; Schroders, Aggreko, Standard Chartered
5th Mar 2010 06:52
The stock market may still be one fifth below its record high, but Schroders has surpassed its turn of the century peak. Yesterday's full-year results from the FTSE 100 fund manager revealed that its total assets under management had risen to £148bn. The company's willingness to continue sitting on
Read moreLondon close: Footsie suffers hiccup
4th Mar 2010 16:40
The blue chip index failed to stretch its winning streak to a fifth session, falling for the first time this week on negative results reaction and downbeat miners. It held above 5,500 all day despite coming close just after trade began and towards the end of play. Engineering and project managemen
Read moreLondon afternoon: Stocks are becalmed
4th Mar 2010 14:13
It's been an up and down day for the blue-chip index although the Footsie has rarely strayed far from its overnight level. As expected, the Bank of England has held interest rates at 0.5% and taken no further action on quantitative easing (QE) amid conflicting signals over the state of the UK econo
Read moreLondon midday: Footsie drifting sideways
4th Mar 2010 12:13
Footsie is trading sideways after the Bank of England decided on no change to its stance on interest rates and quantitative easing. UK interest rates stay at 0.5% and the QE programme at £200bn. On the company front, results are dominating. Engineering and project management firm Amec is worst of t
Read moreAggreko nudges up guidance
4th Mar 2010 07:54
Scottish temporary power solutions provider Aggreko reported record revenues, profits and margins in 2009, helped by foreign exchange tailwinds. Revenue in 2009 grew 8.2% to £1,023.9m from £946.6m in 2008 but was down 6.3% using constant exchange rates (CER). Trading profit, which is operating pro
Read moreLondon close: Strong finish for FTSE 100
1st Mar 2010 16:30
The leading share index finished on a strong footing as strength in the mining sector and gains on the back of company updates helped offset a weak performance from financial stocks. Miners were in demand following a rise in copper prices following the earthquake in Chile, the world's number one p
Read moreLondon afternoon: Copper-bottomed advance
1st Mar 2010 14:15
Gains on mining stocks are more than offsetting losses in an insurance sector that has been rocked by the prospect of a huge rights call from Prudential. Confirmation that Pru may pay $35bn (£23bn) for the Asian business of troubled US insurer AIG has unsettled the insurers. Any deal would need to
Read moreAggreko wins World Cup contract
1st Mar 2010 08:14
Temporary power supplier Aggreko has won a contract to provide temporary power and temperature control for broadcast and technical services for the 2010 FIFA World Cup. The contract, shared with Aggreko’s joint venture partner Shanduka Group, the African investment company, calls for Aggreko to pro
Read moreLondon close: Oils and pharmas shine
22nd Dec 2009 17:09
London equities added to the previous day's gains although a late pull-back ensured that rises were not as extensive as yesterday. Oil stocks and pharmaceuticals led the way higher. Cairn Energy enjoyed another strong day after it announced yesterday that it would start its drilling programme in G
Read moreLondon afternoon: Shares off the top
22nd Dec 2009 14:28
Leading shares came off the top over the lunch time period but most are still sporting reasonable gains, leaving the Footsie still within striking distance of its high for the year. Oil stocks are driving the index higher, particularly Cairn Energy and Royal Dutch Shell. Cairn Energy is enjoying
Read moreLondon close: Late decline wipes out gains
18th Dec 2009 16:43
Footsie ended lower having spent most of the day in positive territory. Financials led the market down and cruise operator Carnival's lower quarterly profit did not help. Most of the miners ended the day higher but they lost some of their earlier gains. Having been hit hard yesterday following the
Read moreLondon afternoon: Stocks in consolidation mode
18th Dec 2009 14:21
Blue-chips moved sideways over the lunch-time session, consolidating the morning's gains. Goldman Sachs has given a lift to the oil sector, tipping BP as the 'clear winner' among oil companies next year, though it also rates UK operators BG and Royal Dutch Shell over their continental European coun
Read moreBroker tips: Centrica, Logica, Aggreko
18th Dec 2009 13:13
Japanese broking house Nomura Securities has published a report on the outlook in 2010 for the European Utilities sector in which it identifies energy provider Centrica as one of its three top buys of the year. Centrica 'has become master of its own destiny through a combination of upstream acquisi
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