FTSE 100 Movers: Share price up after IMI surpasses £1bn
25th Aug 2011 13:16
The share price was soaring after a 12% increase in sales at global engineering firm IMI saw revenue top the £1bn mark in the first half. Revenue for the six months ended 30 June rose from £925m to £1,032m, "reflecting continued improvement in trading conditions in most of our end markets," the f
Read moreLondon midday: Mixed reception for deluge of updates
25th Aug 2011 12:10
London's leading share index is uncertain today as the continuing stream of company updates gets a mixed reception. Kazakhstan-focused copper miner Kazakhmys is in demand after it said underlying profits were 24% ahead in the first half and revealed details of a $250m buy-back programme. The group
Read moreLondon open: Company results drive FTSE 100 up 0.7%
25th Aug 2011 08:32
Some pleasing company results drove the Footsie higher in early trading while the banks were also providing a lift. Kazakhstan-focused copper miner Kazakhmys was a high riser after it said underlying profits were 24% ahead in the first half and revealed details of a $250m buy-back programme. The gr
Read moreLondon close: Results drive stocks higher, Man up after upgrade
24th Aug 2011 16:38
Stocks finished with good gains after an uncertain start, with strong economic data from the US overriding the earlier mixed reception to today's raft of company updates. US orders for goods made to last more than three years, such as planes, cars and washing machines, rose by 4% in July, having fa
Read moreLondon midday: Stocks mixed after stream of updates
24th Aug 2011 12:10
The leading share index is flitting between red and blue amid differing receptions for today's stream of updates. Investors in Admiral are feeling mutinous despite pre-tax profits growing by 27%. However, according to a Thomson Reuters poll, the result was a slight miss. Miner BHP Billiton is hig
Read moreLondon open: Admiral drags Footsie into the red
24th Aug 2011 08:29
Early gains proved short-lived as the blue chip index in London fell into the red by 08.32, dragged lower by Admiral and the miners, who were registering losses on the back of falling metals prices. Admiral was the worst performer on the FTSE 100, losing over 5% after despite pre-tax profits growi
Read moreSector movers: GSK gives pharma sector a booster
22nd Aug 2011 15:27
The pharmaceuticals and biotechnology sector was among the best performing sectors on Monday, helped by its giant constituent GlaxoSmithKline. The FTSE 100 drugs and healthcare firm announced that it is to buy up over a quarter of UK-based biotech firm Autifony Therapeutics through its wholly-owned
Read moreLondon close: Stocks slump again
18th Aug 2011 16:40
Volatility returned with a vengeance on Thursday, with the leading share index slumping back towards the lows it hit last week. The day got off to a bad start after a gloomy report on global economic growth from Morgan Stanley and things got worse after some more poor figures from the US. The glob
Read moreLondon midday: More losses amid global worries
18th Aug 2011 12:03
London's leading share index is nursing heavy losses now, with global worries over economic growth continuing to hurt sentiment. Miners are among the worst performers, with Kazakhmys, Vedanta and Rio Tinto deep in the red. FTSE 100 mining giants Anglo American, BHP Billiton and Xstrata also fall d
Read moreLondon open: Miners drag Footsie below 5,300
18th Aug 2011 08:34
Just five stocks were making gains at 8.35am on Wednesday, as the blue chip index opened below the 5,300 level. The miners were among the worst performers, with Kazakhmys, Vedanta and Rio Tinto among the heaviest fallers, partially offsetting the gains made yesterday. FTSE 100 mining giants Anglo
Read moreLondon close: Financials drag Footsie lower
17th Aug 2011 16:46
Following a steep decline early on, the blue chip index staged a partial recovery on the back of a positive start on Wall Street. Nevertheless, the Footsie still finished in the red, as losses for financial stocks outweighed gains in the mining sector. Meanwhile, it was revealed today that all nine
Read moreSpectre of transaction tax hits financial shares
17th Aug 2011 12:32
Suggestions that European leaders could resurrect the idea of a financial transaction tax have sent shares in banks and bourses into a spin. A meeting of Germany's Angela Merkel and France's Nicolas Sarkozy yesterday offered little by way of concrete plans to solve the ongoing Eurozone debt crisis.
Read moreFTSE 100 Movers: France and Germany's new tax sees index drop
17th Aug 2011 11:50
The FTSE 100 dropped 0.9% on opening, with Icap, a broker for financial institutions, leading the journey south after a proposal by French President Nicolas Sarkozy and German Chancellor Angela Merkel to introduce a new tax on financial transactionS. RBS and Barclay's share prices were also suffer
Read moreSector movers: Spectris bolsters gains in electronic sector
15th Aug 2011 15:17
Gains for FTSE 250 precision instrumentation and controls company Spectris are bolstering the electronic and electrical equipment sector on Monday. Spectris's shares rose 5% to 1,416p (3.35pm) after it announced that it is to acquire Omega, a privately held US business providing measurement and con
Read moreFTSE 100 Movers: Banks suffer while miners do well
15th Aug 2011 11:47
BP saw a rise despite announcing that its growth could be hampered because it "cannot find skilled workers". With the price of silver on the up it was no surprise to see that precious metals miner Fresnillo was performing well, topping the board at almost 5%. It was a similar story for Kazakhmy
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