Thursday tips round-up: Hogg Robinson, BTG, Aveva
26th May 2011 06:42
Business travel is one of the first to be hit by any economic downturn, as less business means less travel. Hogg Robinson took immediate action when the crunch came, cutting its cost base by 20%. A final dividend of 1p makes a total up by a quarter to 1½p, well covered, giving a historic yield of ab
Read moreLondon close: Higher finish after late recovery
25th May 2011 16:43
A late fightback sent the top share index into the blue ahead of trading's after an uncertain day's trading. There was little in the way of company news to move FTSE 100 stocks. Fashion retailer Next and B&Q owner Kingfisher are among the worst performers. Following suit is new kid on the block Gle
Read moreFTSE 250 movers: C&W Comms drops by a tenth
25th May 2011 15:42
The first year of independence saw earnings remain virtually static at Cable and Wireless Communications (CWC), largely as a result of a more difficult Caribbean market than the telecoms group expected at the time of its demerger. Shares dropped over 10% by Wednesday afternoon. Sportswear retailer
Read moreLondon midday: FTSE 100 still struggling to recover
25th May 2011 12:02
The top share index is seeking direction amid continued uncertainty following the slide on Monday. Fashion retailer Next and B&Q owner Kingfisher are among the worst performers. Following suit is new kid on the block Glencore, which is under the weather on its debut on the top-share index. On the
Read moreLondon open: Footsie slips 0.46% early on
25th May 2011 08:54
The Footsie has slipped into the red in early trading heading towards the 5,800 mark, offsetting the gains made yesterday. Fashion retailer Next and B&Q owner Kingfisher are among the worst performers. Following suit is new kid on the block Glencore, which is under the weather on its debut on the t
Read moreLondon pre-open: Yesterday's gains to disappear
25th May 2011 07:35
London's top-share index is set to give up all of yesterday's gains and more at the outset, following Wall Street's swoon yesterday. City traders expect the Footsie to open around 50 points lower at 5,808. Interim profits were roughly in line with expectations at £22.9m for stockbroker and investm
Read moreRecord revenues for Aveva
25th May 2011 07:18
Engineering software firm Aveva registered record revenues in the year ended 31 March, helped by a strong performance in the emerging markets, mainly driven by growth in the oil and gas sector. Organic revenue grew 14% to £168.4m, but after contributions from acquisitions (£5.6m), total revenue jum
Read moreWednesday preview: Brewin Dolphin, Aveva, UK GDP
24th May 2011 18:18
Stockbroker and investment manager Brewin Dolphin had a good first quarter so unless something went dramatically wrong in the first three months of 2011, Wednesday's interim results should be a relatively cheery affair. Broker Peel Hunt is forecasting adjusted profits of £23.0m, up 26% on the previ
Read moreLondon close: S&P scares off investors
18th Apr 2011 17:02
Having started the day with hopes of rising back above 6,000, the top share index hurtled in the opposite direction to fall below 5,900 after debt ratings firm Standard & Poor's (S&P) put the cat among the pigeons by downgrading the outlook for US sovereign debt. Though S&P affirmed the USA´s 'AAA'
Read moreFTSE 250 movers: Bwin.party soars after US crackdown
18th Apr 2011 14:02
Bwin.party was boosted higher on Monday, as a US crackdown on online poker firms is expected to bolster demand for its more Europe-focused peers. The Federal Bureau of Investigation (FBI) has forced a shutdown on Friday of three popular poker websites, Full Tilt Poker, Pokerstars and Absolute Poker,
Read moreLondon midday: Desire subsides after well wash-out
18th Apr 2011 12:18
Bright spots are hard to find on the first trading days of the shortened week, and far from bursting through the 6,000 barrier Footsie heads at pace in the opposite direction. Insurer Resolution leads the blue-chip index lower after UBS downgraded the stock from "buy" to "neutral". Bid hopes for
Read moreLondon open: S&N unnerved by rivals' bid talks
18th Apr 2011 09:06
Expectations of a flat start proved wide of the mark as financial stocks lead the market lower. Banks such as Barclays, Lloyds and Royal Bank of Scotland are off the pace, as are insurers such as Resolution, Standard Life, Aviva and Old Mutual. Medical devices maker Smith & Nephew is the worst pe
Read moreLondon pre-open: Flat start in prospect
18th Apr 2011 07:53
Traders are likely contemplating why they did not stay in bed for an extra hour this morning as the market is flat and corporate news flow is thin. City sources predict the FTSE 100 index will open a couple of points lower at 5,994. Engineering software firm Aveva said it expects full year results
Read moreAveva on track for FY
18th Apr 2011 07:24
Engineering software firm Aveva said it expects full year results to be in line with expectations after a good performance in Asia Pacific Oil and Gas and Power sectors. "The group has continued to perform well in its key vertical markets and geographies, consistent with the trends identified in J
Read moreFTSE 250 movers: Go-Ahead boosted on Southeastern news
18th Mar 2011 14:15
Rail and bus operator Go-Ahead is among the best performers Friday after it announced that it will continue to operate the Southeastern rail franchise in Kent until 2014, through its joint venture with French transport group Keolis. London and south-east housebuilder Berkeley Group continues to ben
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