London afternoon: US data encourages Footsie
25th Aug 2009 15:11
A strong start on Wall Street is keeping London in the blue, just, with investors welcoming a bigger than expected jump in US consumer confidence. The leading index remains on course for a sixth consecutive day of gains after state-owned lender Royal Bank of Scotland said it will cut the level of b
Read moreLondon midday: Footsie still in the red
25th Aug 2009 11:54
Despite threatening to move back into positive territory an hour ago, the Footsie has slid further back down into the red. Miners are still heavily weak with seven out of the top ten losers so far from the sector. Kazakhmys, Xstrata, Antofagasta, Eurasian Natural Resources, Rio Tinto, BHP Billiton
Read moreBroker tips: Persimmon, Punch Taverns, Aggreko
25th Aug 2009 11:29
Results from housebuilder Persimmon were ahead of Panmure Gordon's expectations on most measures, prompting the broker to lift its price target. Panmure Gordon reiterates its 'hold' recommendation but ups its price target to 500p from 428p on the basis that write-downs are likely to be lower than i
Read moreBroker snap: Aggreko fairly valued
25th Aug 2009 11:01
Temporary power supplier Aggreko continues to perform well, based on its interim profits announced on Tuesday, but brokers are reluctant to recommend buying the shares after the share price's recent good run. Charles Stanley believes the shares are high enough for the moment. 'After a year of very
Read moreLondon open: Miners lead decline
25th Aug 2009 08:15
Miners are leading London's top stocks lower in early dealing after a poor afternoon session in the US and weaker Asian markets. Kazakhmys is the worst performer, down more than 4%, closely followed by Lonmin, Xstrata, Antofagasta, Eurasian Natural Resources, Rio Tinto, Anglo American, BHP Billito
Read moreAggreko beefs up H1 profit, divi
25th Aug 2009 07:33
Aggreko, provider of mobile generators, reported a 56% increase in interim pre-tax profit, upped its dividend 15% and said its outlook for the full year remains unchanged. Pre-tax profit for the six months to 30 June 2009 rose to £105.7m from £68.6m the year before. Revenue for the period increase
Read moreAggreko to make up Kenya's power shortfall
18th Aug 2009 16:24
Temporary power supplier Aggreko ha been awarded a contract by Kenya Electricity Generating Company to supply all 140 megawatt (MW) called for in the tender. The contract is for a minimum of 12 months and worth more than $30m. Aggreko said it will need to install an additional 80 MW at its exis
Read moreAggreko wins Saudi contract
26th Jun 2009 17:37
Temporary power supplier Aggreko has signed a contract to provide 100 megawatts of temporary power to the Saudi Electric Company to help overcome seasonal power shortages in Saudi Arabia. The contract is expected to last for a minimum of three months and will take to over 170 MW the total capacity
Read moreWednesday tips round-up: Chemring, Domino Printing, Aggreko
24th Jun 2009 06:46
Military flares, decoys and munitions group Chemring draws three quarters of its sales from outside the UK, so the boost to yesterday's numbers from weak sterling will not be sustained. However, at a time when fears of budget cuts hang over defence stocks, Chemring should continue to produce stron
Read moreLondon close: Lacklustre Footsie in late fall
23rd Jun 2009 16:44
Footsie slipped into the red in late trading Tuesday having sat just above the zero mark for most of the day on a lacklustre day's trading. Information conglomerate Thomson-Reuters moved up after it confirmed it is to delist from the London Stock Exchange and NASDAQ, while retaining its listings on
Read moreLondon afternoon: Miners provide a lift
23rd Jun 2009 14:15
London remains moderately firmer, helped by expectations of a similarly gentle upward shift on Wall Street when the US market opens and the strength of mining stocks. Information conglomerate Thomson-Reuters is on the upturn after it confirmed it is to delist from the London Stock Exchange and NASD
Read moreLondon midday: Equities firmer on balance
23rd Jun 2009 12:01
London's leading shares continue to defy expectations and trade higher on balance, despite a weak showing overnight from Asian markets in the wake of yesterday's fall on Wall Street. Information conglomerate Thomson-Reuters leads the way. It has confirmed it is to delist from the London Stock Excha
Read moreLondon open: Footsie pushes ahead
23rd Jun 2009 08:50
London's blue chips have made early progress despite predictions they could open lower. Information conglomerate Thomson-Reuters leads the way. It has confirmed it is to delist from the London Stock Exchange and NASDAQ, while retaining its listings on the Toronto and New York stock exchanges. Holde
Read moreLondon pre-open: Dull start in prospect
23rd Jun 2009 07:30
London looks set to follow Wall Street and Asian markets lower at the outset, with dealers predicting the FTSE 100 will open around 20 points lower than the previous close of 4,234. Information conglomerate Thomson-Reuters has confirmed it is to delist from the London Stock Exchange and NASDAQ, whi
Read moreAggreko maintains guidance
23rd Jun 2009 07:02
Aggreko, supplier of temporary power and temperature control, has maintained its guidance for the year, expecting profits in constant currency to be at similar levels in 2009 to those achieved in 2008. Headline revenues will grow by at least 20% and pre-tax profit will be 55% higher than last yea
Read more