Sector movers: Speculation of Comet sale boosts retailers
22nd Jun 2011 16:06
The general retail category was among the best performing sectors on Wednesday afternoon, with FTSE 250-peers Kesa Electricals and Dixons Retail providing a lift. Weak trading at its UK chain Comet held back sales at Kesa Electricals in the year to 30 April, the firm said today, adding that trading
Read moreLondon close: Greek concerns weigh on financials
20th Jun 2011 16:43
The Footsie finished moderately lower on Monday afternoon as Greek debt crisis dragged on. Financials were among the fallers over concerns of a possible Greek default, as Europe's finance ministers remain at loggerheads over dishing out a chunk of the €110bn bailout money agreed last year for the c
Read moreFTSE 100 movers: RBS leads financials lower
20th Jun 2011 16:01
Financials are among the fallers over concerns of a possible Greek default, as Europe's finance ministers remain at loggerheads over dishing out a chunk of the €110bn bailout money agreed last year for the country. RBS, Man Group, Hargreaves Lansdown and Schroders were the worst four performers as o
Read moreLondon close: Miners dominate fallers as global worries continue
16th Jun 2011 16:45
Global growth worries dampened the markets on Thursday as all but a few constituents on the FTSE 100 finished in the red. While the Footsie edged higher in the late afternoon, it still closed under the 5,700 level, a level not seen since mid-March. FTSE 100 closed down 44 at 5,699. A lack of clarit
Read moreBarclays aims to boost revenue by 20%
16th Jun 2011 09:18
Barclays said it aims to boost its revenue by up to 20% before 2013, primarily by generating additional income under a revamped cost cutting plan. Ben Diamond, the bank's chief executive, outlined on Wednesday his plan to generate an additional income of between £4.3bn and £6.4bn by 2013, relative
Read moreThursday newspaper round-up: Greek bailout, Pandora, Northern Rock
16th Jun 2011 06:06
Britain is under pressure to commit hundreds of millions of pounds to a second bailout for Greece after another day of violent protest in Athens. With the €110bn (£96bn) package agreed last year set to run out, Germany is leading calls for the entire EU, not just the 17 eurozone countries, to contri
Read moreBritish banks face ring-fence between retail and investment arms
15th Jun 2011 10:36
British banks are to be forced to ring-fence their retail and investment operations. The idea is to protect high street bank customers losing their savings if investment bankers suffer heavy losses, as they did during the financial crisis of 2008. The Chancellor of the Exchequer, George Osborne, i
Read moreTuesday newspaper round-up: Inflation, strikes, Southern Cross
14th Jun 2011 06:04
Inflation has hit poorer families much harder than the rich, the latest research shows - and the trend is set to deteriorate. The independent Institute for Fiscal Studies says that for a decade the pattern of price rises has meant that the least well-off families, especially pensioners, have been hi
Read moreSector movers: Lloyds, Barclays pull banks higher
13th Jun 2011 14:44
The banking sector is in demand on Monday with blue chips Lloyds and Barclays among the notable risers. Lloyds is making gains amid speculation that it is planning to get rid of 15,000 jobs in an attempt to rein in costs. The Sunday Times reported that the plans were being implemented by its new he
Read moreFTSE 100 movers: ENRC, Glencore higher amid speculation
13th Jun 2011 14:16
Eurasian Natural Resources Corp (ENRC) has advanced on speculation that commodities trading house Glencore is drawing up a bid. The Sunday Times said that Glencore's Chief Executive Ivan Glasenberg has held talks in recent weeks with ENRC's three founders and key shareholders Alexander Mashkevitch,
Read moreFTSE 100 movers: Weir leads engineers higher
9th Jun 2011 15:39
Engineer Weir Group is the highest riser after its earnings estimates were lifted by RBC Capital Markets. There have been reports today that two companies in China have been given fines of £1m after manufacturing illegal duplicates of Weir pumps. Automotive and aerospace engineer GKN, oilfield eng
Read moreFTSE 100 movers: Sharp drop for Antofagasta
8th Jun 2011 15:14
Antofagasta is heading the fallers, losing more than 5%, after warning that the ramp-up of the Esperanza plant in northern Chile is taking longer than expected, causing the group to scale back its total copper production guidance for 2011. Group copper production for 2011 is expected to be between
Read moreLondon open: Miners and banks head a strong start
27th May 2011 08:28
The Footsie has started strongly, rising over 1% as the index climbs above the 5,900 level. The miners are in demand, with Lonmin, Rio Tinto, Xstrata and Kazakhmys heading higher. The latter announced this morning that it's proposed listing on the Hong Kong stock exchange will not involve the issu
Read moreSector movers: Burberry lower ahead of results
25th May 2011 15:52
Burberry, the luxury fashion brand, is dragging the personal goods sector lower. The group is due to report its final results on Thursday, and revealed in April that it expects profits for the year to 31 March to be at the top end of forecasts, after a strong final quarter. Shares have risen by ar
Read morei-design bags Barclays
11th May 2011 16:24
Shareholders in i-design, the company that delivers marketing messages via cash and self-service machines, were quids-in on Wednesday when the company added Barclays Bank to its list of customers. The contract, to supply its atmAd solution, covers Barclays' entire UK estate of some 4,000 automatic
Read more