London pre-open: Footsie to fall below 5,000
26th Sep 2011 07:32
Taking its lead from Asian markets, where continuing concerns over the Eurozone debt crisis have prompted a wave of selling, the blue-chip index in London is set to dive below the psychologically important 5,000 level at the outset, with City sources predicting the FTSE 100 will open down 79 points
Read moreBunzl in acquisition spree
26th Sep 2011 07:03
Outsourcing and distribution group Bunzl has secured two further acquisitions and announced the completion of the acquisition of Majestic Products. The company has purchased Ideal Global Sistemas de Higiene, a supplier of cleaning and hygiene consumable products in Brazil. Revenue in the year ended
Read moreWednesday tips round-up: Computacenter, Bunzl, Booker...
31st Aug 2011 06:32
Mike Norris, the chief executive of Computacenter, claims to be more pleased by the successful transition of the group's British operations to a new IT programme, which went live yesterday morning, than he is with interim figures yesterday, says the Tempus team at the Times. But the upgrade, which f
Read moreLondon close: Miners, banks lead the surge
30th Aug 2011 16:32
The FTSE 100 traded higher on Tuesday, following through on this morning's impressive start, as the index attempted to play catch-up after missing out on yesterday's rally due to the Bank Holiday. Royal Bank of Scotland led the risers on the blue chip index after Deutsche Bank upped its rating for
Read moreOverseas strength boosts Bunzl
30th Aug 2011 07:07
Outsourcing and distribution group Bunzl posted a rise in pre-tax profits in the half year to 30 June as a strong performance overseas helped offset weakness in Britain and Ireland. Pre-tax profits climbed to £112.1m from £100m over the same period the previous year on revenues that were up to £2.4
Read moreLondon close: Stocks finish higher despite retreat
24th Jun 2011 16:47
Stocks gave up most of their early gains as economic worries resurfaced, but the top share index still closed in positive territory. Some observers attribute this resilience to comments from Chinese Premier Wen Jiabao that may be pointing towards a quicker end than previously expected to tightening
Read moreLondon midday: Gains fade as Bank warns on risks
24th Jun 2011 12:01
Shares are still going well after a strong start but have given up some of their earlier gains as nerves linger over the eurozone situation. With Greece and the European Union settled on the contents of the austerity package to be put before the Greek parliament next week, hopes have risen that th
Read moreLondon open: Sharp gains for Footsie as Greek fears ease
24th Jun 2011 08:42
The Footsie registered sharp gains in early trading, after last night's reports from Greece buoyed sentiment in London. The FTSE 100 opened up 68 higher at 5,742 on Friday morning. With Greece and the European Union settled on the contents of the austerity package to be put before the Greek parliam
Read moreLondon pre-open: Shares set for Greek bounce
24th Jun 2011 07:47
With Greece and the European Union settled on the contents of the austerity package to be put before the Greek parliament next week, hopes have risen that the prospect of a default by Greece on its loans can be put to bed. As news broke of the agreement late yesterday, the US markets performed an
Read moreBunzl on the prowl
24th Jun 2011 07:12
Distribution and outsourcing firm Bunzl is trading in line with expectations, despite tough times in its UK and Irish markets. At constant exchange rates group revenue in the six months to the end of April is expected to have increased 6% year-on-year, due to underlying growth of 3% and the positiv
Read moreSunday tips round-up: Bunzl, Entertainment One, Yule Catto
12th Jun 2011 15:43
"You wait ages for a bus to come along - and then three turn up at once. A bit like acquisitions at distribution group Bunzl," writes The Sunday Telegraph this weekend, referring to the company's three recent acquisitions, Spanish firm King Espana Completos, UK outfit SIG Safety and Workwear and the
Read moreLondon pre-open: Looking for direction
1st Jun 2011 07:39
Investors seem set to take a pause for breath after yesterday's solid gains, postponing a renewed assault on Footsie's 6,000 level. City traders expect the blue-chip index to open around 7 points lower at 5,983. Anglo-Australian mining giant BHP Billiton has scored a $580m victory against the tax
Read moreBunzl in three bolt-on acquisitions
1st Jun 2011 07:20
Insulation specialist SIG is to sell its safety and work wear business to outsourcing firm Bunzl. SIG Safety and Workwear distributes personal protection equipment and work wear to a variety of market sectors throughout the UK. Revenue in the year ended 31 December 2010 was £22m and the gross asse
Read moreVertu chief exec takes a big stake
11th May 2011 17:23
Chief executive Robert Forrester has lifted his holding in Vertu Motors close to the 3% mark, spending nearly £140,000 on shares in the company. He took 462,000 shares at 30p a time and now has 6,324,812. His purchase came on the same day Vertu posted a rise in profits for the year to 28 February
Read moreLondon close: Shares soar as updates impress
20th Apr 2011 16:47
Optimism returned to the markets in a big way Wednesday as corporate results in the UK and overseas suggested global economic recovery is underway. The FTSE 100 stormed back above 6,000 points. Chip groups ARM Holdings and Imagination Technologies were strong performers after a bullish update from
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