London midday: Banks set the pace
2nd Aug 2010 12:14
Banking shares drove London higher in the morning session after better than expected figures from global banking giant HSBC. HSBC's pre-tax profit more than doubled to $11.1bn on a reported basis, while underlying pre-tax profit rose by 30% to $9.6bn/ Loan impairment charges and other credit risk
Read moreUK SMALLCAP ROUNDUP: Zimbabwe Investment Co Eyes $25M AIM IPO
2nd Aug 2010 09:30
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps MASAWARA, a Zimbabwe-focused investment company, Monday said it is aiming to raise $25 million in an initial public offering on London's junior Alternat
Read moreINTERVIEW:Arena Leisure Sees 2H Attendances Up 10% On Year
2nd Aug 2010 09:17
By Hannah Benjamin Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Horseracing event organizer and racecourse operator Arena Leisure PLC (ARE.LN) Monday said it expects visitors to its racecourses to rise up to 10% on the year in the second half. "The July fixtures at Royal Windsor (racecours
Read moreArena Leisure on track but cautious
2nd Aug 2010 09:10
Racecourse owner Arena Leisure said pre-tax profit fell 15% during the first half of the year as it highlighted concern about the reduction in Levy spending in 2011. Arena said current trading remains in line with expectations but it remains cautious about the outlook for attendance numbers and spe
Read moreArena Leisure 1H Pft Falls 15%; Cautious On 2H Attendances
2nd Aug 2010 07:39
LONDON (Dow Jones)--Horseracing event organizer and racecourse operator Arena Leisure PLC (ARE.LN) said Monday first-half pretax profit fell 15% on year, in part due to the cost of its new hotel, and said it remains cautious about the outlook for attendance numbers and spend per head at its tracks.
Read moreSmall caps round-up: Chaucer, Ricardo, Trafficmaster...
19th May 2010 11:20
Underwriter Chaucer has reported a 3% dip in first quarter total gross written premium income to £250.1m, which KBC Peel Hunt said shows discipline. "Despite a high level of losses to the Chilean and Deepwater catastrophes in Q1, the tone of Chaucer's IMS is positive," said the broker. "The group i
Read moreSmall caps round-up: Impax, Liberty, Petards
19th May 2010 10:29
Impax, the investment manager focused on environmental sector, saw its assets under management rise by 40% in the six months to March 31 as markets improved. 'Evidence of improving macroeconomic conditions, particularly in the United States and in the Asia-Pacific region, has resulted in continued
Read moreTuesday tips round-up: Amlin, Goals Soccer, SDL
2nd Mar 2010 06:44
In common with its sector, underwriter Amlin will struggle to replicate 2009's strong investment returns. With about half its portfolio sitting in short-dated government bonds or cash, the best hope lies with the company's ability to take advantage of any rise in interest rates. At 404½p, the shar
Read moreFriday tips round-up: Rolls-Royce, Travis Perkins, Laird
31st Jul 2009 06:47
Rolls-Royce's view on the economy is not cheery. "The global trading environment remains very difficult and we believe the recovery is likely to be slow," Sir John Rose, the chief executive, said yesterday as the company published its first-half financial results. But the engine-maker still has pl
Read moreSmall caps round-up: Finsbury Food, Game, E2V...
30th Jul 2009 10:11
Cake and bread maker Finsbury Food has cooked up an 8% increase in revenue for the year to 30 June 2009, 5% of which it attributed to acquisitions. The firm's cake division, its largest, saw sales rise 2% in absolute terms, but remain flat on a like for like basis. The smaller Bread & Free From uni
Read moreArena Leisure on track
19th May 2009 12:20
Shares in Arena Leisure rose after the racecourse operator said trading in the period from 1 January to 18 May has been in line with expectations and at a similar level to the same period in 2008. Arena hosted 142 fixtures (2008: 152) including 15 additional unscheduled fixtures during the four mon
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