London close: Flat finish as Carnival and Imperial warn on profits
13th Jun 2011 17:07
Shares finished slightly higher on another choppy day for the FTSE 100, with bid-talk surrounding ENRC helping offset profit warnings from Imperial Tobacco and Carnival. Imperial Tobacco fell back after it slashed profit expectations for its Spanish business as competition in the country forced it
Read moreLondon midday: FTSE 100 fights back
13th Jun 2011 12:15
Shares have climbed higher after an indifferent start, with mining stocks and banks sending the top share index higher. Imperial Tobacco is lower though after it slashed profit expectations for its Spanish business as competition in the country forced it to cut prices for cigarettes. Imperial, whos
Read moreAssetco confirms discussions, shares jump
13th Jun 2011 08:54
Fire engine supplier Assetco is in discussions with a "number of parties which may or may not lead to an offer being made for the business," it confirmed in a statement Monday morning. The Sunday Times reported at the weekend that Seacor, which operates support vessels for the oil industry, may bid
Read moreLondon open: FTSE 100 pauses for breath after retreat
13th Jun 2011 08:34
Shares are flat following Friday's slide. Imperial Tobacco is lower though after it slashed profit expectations for its Spanish business as competition in the country forced it to cut prices for cigarettes. Imperial, whose brands include Lambert & Butler and Gauloises Blondes cigarettes, said opera
Read moreLondon close: Carnival sinks
22nd Mar 2011 16:57
A confident start was derailed by worse than expected inflation figures and a rally in the final hour of trading only brought out profit takers right at the death, leaving Footsie in the red. UK annual inflation rose faster than predicted in February, as surging utility bills drove up living costs.
Read moreLondon afternoon: Downward drift continues
22nd Mar 2011 14:09
Footsie lost more ground over the lunch time session as Wall Street opened mixed, failing to carry on the strong advance seen yesterday. GKN is lower on speculation of a bid for French peer Latecoere. The French aerospace firm, which provides doors for Boeing and Airbus, is looking for a buyer, acc
Read moreShareholders in favour of AssetCo placing
22nd Mar 2011 12:36
Shareholders in AIM-quoted AssetCo have passed all the resolutions at its reconvened general meeting today after chief executive John Shannon was forced to vote in favour. The outsourced fire services provider obtained an injunction yesterday evening that required Shannon to vote in favour of the
Read moreAssetCo adjourns general meeting
21st Mar 2011 18:00
AIM-quoted AssetCo has adjourned its general meeting until tomorrow after chief executive John Shannon said that he wanted to vote against resolutions that would enable the outsourced fire services provider to raise the additional cash that it requires. Shannon says that he is not bound by his irre
Read moreLondon close: Strong finish to tough week
18th Mar 2011 16:52
Shares went into the weekend on the front foot after a week that was overshadowed by international events. Libya has acquiesced to the United Nations Security Council's resolution calling for an end to hostilities between government forces and the rebels. The United Nations Security Council voted
Read moreLondon afternoon: Oil guzzlers welcome Libyan ceasefire
18th Mar 2011 14:03
The market's advance regained impetus over the lunchtime session as news came through of a ceasefire in Libya. Libya has acquiesced to the United Nations Security Council's resolution calling for an end to hostilities between government forces and the rebels. The United Nations Security Council
Read moreLondon midday: Shares rise after Japan intervention
18th Mar 2011 12:23
Shares are on the rise again today, helped by international financial intervention to help Japan following its catastrophic earthquake. The seven leading industrialised nations have taken concerted action to stop the rise of the Japanese yen. Monetary authorities in Japan, Europe, Britain and the U
Read moreLondon open: OfGem report prompts National Grid surge
18th Mar 2011 08:39
Buoyed by a strong performance last night on Wall Street and the recovery this morning of Tokyo, London has started the day on the front foot. Miners are pushing the blue-chip index higher, with Xstrata, African Barrick and BHP Billiton to the fore. It is power and gas grid operator National Grid
Read moreAssetCo's shareholders pledge more support
18th Mar 2011 07:35
AssetCo's major shareholders are rallying round the cash-strapped outsourced fire services provider, ready to chip in with money to boost working capital. Earlier this week the company said that some of its creditors reacted to news that the company is raising fresh funds through a placing by deman
Read moreLondon close: Japanese concerns knock Footsie
14th Mar 2011 16:47
London closed near to its low for the day as a decline on Wall Street dragged the market lower later in the day and there were concerns about the possible effects of the Japanese earthquake on financial markets and global economies. Miners Rio Tinto, Xstrata, African Barrick and ENRC are the pick o
Read moreCreditors form queue as AssetCo rejects bid
14th Mar 2011 08:32
Cash-strapped outsourced fire services provider AssetCo has rejected an "opportunistic" approach from a third party interested in taking over the company. In response to press speculation the company confirmed that talks have been taking place with the third party on an intermittent basis for sever
Read more