London close: Upward march recommences
29th Jul 2009 16:47
Footsie was back to winning ways Wednesday as investors digested a stream of company updates. Fund manager Schroders led the way after Morgan Stanley upgraded the firm to "overweight" from "underweight" and raised its price target to 1,045p from 710p. Rexam was the major faller after it launched
Read moreLondon afternoon: Financials lift Footsie
29th Jul 2009 14:33
Risers outnumber fallers by around three to one among FTSE 100 constituents, as the blue-chip index resumes its upward climb following yesterday's pause for breath. Financial stocks lead the advance, with insurers Aviva, RSA and Standard Life to the fore, as is part-nationalised bank Royal Bank of
Read moreARC jumps on bid approach
29th Jul 2009 12:37
Shares in Arc International jumped after the chip designer confirmed it is in talks with an unnamed third party regarding a potential offer for the group. "ARC notes today's movement in the company's share price and confirms that it is in discussions with a third party which may or may not lead to
Read moreArc sees drop in first half revenues
20th May 2009 10:00
Chip designer Arc International expects to report a year-on-year drop in first half revenues as market conditions remain challenging. The group said it is expecting to generate revenues for the first half of between £6m to £8m compared with £9.3m in the same period last year. Arc added that its l
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