London midday: Miners keep Footsie subdued
27th Oct 2010 11:58
Footsie has dragged itself off the lows seen earlier in the morning but with weak metal prices hitting mining shares, the index is not making much headway. Reports suggesting that any new stimulus in the US will be smaller than expected have also knocked the miners with Kazakhmys, Xstrata and Rio T
Read moreLondon open: Poor start for Footsie
27th Oct 2010 08:44
London has followed on from last night's lacklustre performance on Wall Street and a weak display in Asia this morning with a poor start. Reports suggesting that any new stimulus in the US will be smaller than expected have knocked the miners with Kazakhmys, Xstrata and Rio Tinto the worst performe
Read moreLondon pre-open: Early dip in store
27th Oct 2010 07:27
Shares are expected to pull back further Wednesday following last night's lacklustre performance on Wall Street and a weak display in Asia this morning on reports that US monetary easing measures will be smaller than expected. Futures prices indicate an early 18-point drop for the FTSE 100 followin
Read moreRecession hits BAT's cigarette volumes
27th Oct 2010 07:07
British American Tobacco's cigarette volumes rose in the Asia-Pacific region during the first nine months of 2010, but fell everywhere else as smokers cut back during the recession. The maker of Dunhill, Kent, Lucky Strike and Pall Mall grew market share, but volumes fell 1% to 526bn. They were up
Read moreWednesday preview: Betfair, BATs, Carpetright
26th Oct 2010 15:25
Official trading in online betting exchange Betfair gets underway tomorrow, though conditional dealings in the stock have been taking place Friday, 22 October. The company set its flotation price at 1,300p, the middle of the indicated range in its prospectus, but heavy institutional demand has seen
Read moreSector movers: Cigarettes and alcohol in demand
12th Oct 2010 15:55
Drinks stocks are going well, with the sector led higher by Magners cider maker C&C, which lifted cider volumes in Britain for the first time since 2007. Poor demand in Ireland knocked cider sales overall in the first half of 2010 though. Tobacco stocks are also in demand today, with their defensi
Read moreDaly buys at BAT
1st Oct 2010 16:31
British American Tobacco's chief operating officer John Daly has invested nearly £511,000 in shares in the tobacco company. He has bought 21,200 shares at 2408.57p each and that takes his beneficial stake to 52,417 shares. Daly joined BAT as a result of its merger with Rothmans in 1999. He was a
Read moreMARKET TALK: Citi Raises British American Tobacco Target
2nd Aug 2010 07:20
0620 GMT [Dow Jones] Citigroup raises British American Tobacco (BATS.LN) target to 2570p from 2460p after its 1H '10 adjusted EPS beats consensus by 3%. Says the company's 1H results are stronger than expected in all regions apart from Eastern Europe. Lifts '10 EPS forecast to 178.4p from 175.4p an
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
2nd Aug 2010 07:20
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0620 GMT [Dow Jones] Citigroup raises British American Tobacco (BATS.LN) target to 2570p from 2460p after its 1H '10 adjuste
Read moreFriday tips round-up: Rolls-Royce, Aegis, Travis Perkins
30th Jul 2010 06:55
Rolls-Royce is among the FTSE 100's band of defensives. The shares trade on a multiple of 15.5 times forecast earnings for 2010, putting the stock at the top of end of its historic range. While that may worry some, it's just a reflection of the market's preference for what is a relatively safe and
Read moreThursday tips round-up: BP, BG, Sage
29th Jul 2010 06:08
BP unveiled a $32.2bn (£20.7bn) charge related to the oil spill on Tuesday. This is not a full and final figure for the costs involved in the catastrophe, but a rough assessment. The Telegraph feels that a hold rating on the shares is appropriate. If you want to put new money into the sector and gen
Read moreLondon close: Thumbs down for company updates
28th Jul 2010 16:36
Company updates gave traders plenty to mull over and after an uncertain start to the day, shares closed firmly in the red. Centrica slipped even after the British Gas owner's underlying interim profits jumped 65%. Earnings in the half-year to June rose to £886m from £537m on revenues of £11.7bn, ba
Read moreLondon afternoon: US durable goods blow for equities
28th Jul 2010 14:56
With US markets opening on a weak note leading stocks in London have continued their downward drift. US stocks fell back after US durable goods orders in June fell for a second successive month. June's 1% fall was in contrast to expectations of a rise of similar magnitude. Centrica is in retreat ev
Read moreLondon midday: Shares turn south
28th Jul 2010 12:17
Mining stocks are doing their bit to shore up the Footsie but the majority of leading shares are now in retreat, including most of the big names that issued corporate updates today. Higher metal prices boost demand for miners such as Xstrata, Vedanta and BHP Billiton. Rio Tinto is also wanted after
Read moreLondon open: Footsie higher after results flood
28th Jul 2010 08:47
London's blue chips have opened despite a mixed reception to some of the announcements on another busy day for company results. Banks are still going well after the reports yesterday that new capital requirements might be less onerous than previously expected. Royal Bank of Scotland and Barclays ar
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