London afternoon: Footsie still stuck after plunge
1st Sep 2009 14:41
There has been little change in the FTSE 100 since it abruptly took a downward turn this morning Kazakh resources group ENRC is leading the mining sector lower, closely followed by fellow Kazakh operation Kazakhmys. Lower metals prices are also hitting the likes of Antofagasta, Anglo American, Lon
Read moreTechMARK movers: Skyepharma down on US delay
1st Sep 2009 13:04
Skyepharma is leading the fallers on news that the US launch of the drug developer's asthma treatment Flutiform will be delayed for two years at least after the US Food and Drug Administration insisted on more data on dosing. The result is a blow for Skyepharma, which originally had expected appro
Read moreLondon midday: Banks and miners lead retreat
1st Sep 2009 12:16
Banks and miners are dragging the market lower and have pushed the Footsie below the 4,900 level. Kazakh resources group ENRC is leading the mining sector lower, closely followed by fellow Kazakhi operation Kazakhmys. Lower metals prices are also hitting the likes of Antofagasta, Anglo American, L
Read moreSector movers: Drugs progress boosts Pharma stock
1st Sep 2009 11:12
Positive updates from two big hitters have given the pharmaceuticals sector a shot in the arm. AstraZeneca is one of the FTSE 100's best performers after announcing it is to press ahead with plans to submit its ticagrelor drug, Brilinta, for regulatory approval in the fourth quarter of 2009 after
Read moreAstra buoyed by Brilinta test results
1st Sep 2009 07:52
Drug developer AstraZeneca is to press ahead with plans to submit its ticagrelor drug, Brilinta, for regulatory approval in the fourth quarter of 2009 after positive results from a major trial. The company hailed results from a trial which showed ticagrelor reduced cardiovascular death and heart at
Read moreSector movers: RBS drags back banks
7th Aug 2009 10:13
RBS is leading the banking sector lower after rounding of the latest stream of banking results by posting a small profit, but seeing bad debts soar to £7.5bn. Chief executive Stephen Hester called the results "poor" following a jump in losses attributable to shareholders to £1.04bn from £827m in 20
Read moreSector movers: Banks dominate
6th Aug 2009 13:29
This week's well-received results from Lloyds, Barclays and HSBC continue to keep buyers active. All three are sharply higher Thursday, sending Banks to the top of the tree. Royal Bank of Scotland is also better ahead of tomorrow's interim results. Unilever has given Food Producers & Processors a
Read moreLondon close: Stocks pushed lower
5th Aug 2009 17:00
London's top stocks finished in the red as a poor start in the US and ex-dividends eventually ate into the early gains. US shares made a dull start on worse than expected job losses in July according to the private firm ADP. It said 371,000 people were laid-off compared to estimates of 350,000. L
Read moreFTSE 100 movers: Lloyds Banking
5th Aug 2009 14:57
Lloyds Banking shares are up over 12% as investors bet that the worst of the bad debts that caused an underlying loss of £4bn in the half year to June have passed. Impairment charges jumped by nearly £11bn to £13.4bn, reflecting huge write-downs of HBOS's commercial property loans. Lloyd's expects
Read moreLondon afternoon: Blue chips hang onto gains
5th Aug 2009 14:27
Footsie is holding its own in the afternoon session with Lloyds soaring despite a massive interim loss. US shares have made a dull start on worse than expected job losses in July according to the private firm ADP. It said 371,000 people were laid-off compared to estimates of 350,000. The survey is
Read moreLondon midday: Lloyds pulls Footsie higher
5th Aug 2009 11:24
Footsie is in the blue now as financials push ahead again on the back of Lloyds Banking, which is motoring forward. Lloyds Banking shares are up over 13% as investors bet that the worst of the bad debts that caused an underlying loss of £4bn in the half year to June are passed. Impairment charges
Read moreLondon close: Footsie ends at 10-month high
3rd Aug 2009 16:16
Blue chips closed at their highest since early October as investors piled into heavyweight miners and the big banks, although the index failed to hold above 4,700. Oil services specialist Petrofac was in pole position after UBS upgraded the shares to 'buy' and its target price to £10. Crude prices
Read moreLondon afternoon: Banks dominate as Footsie rises
3rd Aug 2009 14:50
Footsie is still well in the blue with HSBC and Barclays leading the way and a decent start on Wall Street helping the mood. HSBC posted a profit before tax of $5bn during the period, down from $10.2bn a year ago, but just ahead of forecasts. It said it is 'pleased' with the results. Barclays deli
Read moreLondon midday: Bank results send Footsie soaring
3rd Aug 2009 11:59
Footsie is posting big gains on the back HSBC and Barclays results, with an upward move from the miners on higher metal prices also helping the mood. HSBC posted a profit before tax of $5bn during the period, down from $10.2bn a year ago, but just ahead of forecasts. It said it is 'pleased' with th
Read moreLondon open: Footsie makes good progress
3rd Aug 2009 08:42
Footsie has made good progress in early dealings helped by Barclays' first half results and more gains for the miners. Barclays delivered profits of £3bn for the first half, an increase of 8% against the same period last year, despite £4.6bn of gross losses on credit market exposures and £3.3bn of
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