London midday: FTSE 100 storms past 6,000
20th Apr 2011 12:03
The top share index has soared back above the 6,000 point mark, with some well-received corporate news here and overseas whetting traders' appetites. ARM Holdings is leading the FTSE 100 higher after a strong update from its US peer Intel, while miners move ahead as metals prices advance. Antofagas
Read moreLondon open: Stocks storm higher
20th Apr 2011 08:31
Stocks have stormed ahead in early dealings, helped by some bullish updates from big US companies after Wall Street closed last night. Chipmaker Intel and web portal giant Yahoo! were among the big hitters to impress traders. Here, Intel's peer ARM Holdings is leading the FTSE 100 higher, but it i
Read moreUnderlying revenue growth at Bunzl
20th Apr 2011 07:03
The UK & Ireland are letting the side down at distribution and outsourcing group Bunzl, which has otherwise seen good revenue growth this year. The group said trading so far in 2011 has been consistent with expectations outlined at the time of the group's full year results announcement in February,
Read moreLondon pre-open: Vibrant start expected
20th Apr 2011 07:02
Some upbeat trading updates in the US after the bell last night has helped boost sentiment this side of the pond, and a strong start to trading is in prospect. City traders expect the FTSE 100 to open up around 50 points higher. Home products retailer Home Retail Group has announced the departure
Read moreHiscox directors take stakes
6th Apr 2011 16:22
Two directors at Hiscox have invested in stakes in the FTSE 250-listed specialist insurer. Andrea Rosen, who is also a director of Canadian energy group Emera, took 5,473 shares at 380.5p a time, paying more than £20,000. Ernst Jansen, who joined Hiscox in 2008 after a career in the European chemi
Read moreLondon close: Stocks hold on to gains
21st Mar 2011 16:17
The FTSE 100 remained broadly flat since 0900, holding on to gains made in early trading. Sentiment was boosted by signs of progress being made in the handling of the nuclear crisis. Two reactors at the Fukushima Daiichi nuclear power plant in Japan were successfully brought into cold shut down unde
Read moreLondon afternoon: Stocks consolidate gains
21st Mar 2011 14:53
Stocks have largely been in consolidation mode in the afternoon session after a strong performance this morning. Telecoms titan Vodafone is a high riser on the back of AT&T's $39bn bid for Deutsche Telekom's T-Mobile USA. If the bid is allowed, the enlarged firm will become number one, but both AT&
Read moreLondon midday: Stocks back on the climb
21st Mar 2011 12:23
Footsie finished the morning 10 points or so below its high for the day after regaining impetus following a mild spell of profit taking mid-morning. Telecoms titan Vodafone is a high riser on the back of AT&T's $39bn bid for Deutsche Telekom's T-Mobile USA. If the bid is allowed, the enlarged firm
Read moreLondon open: Telecoms power forward on AT&T move
21st Mar 2011 08:50
Footsie has opened brightly with telecoms stocks powering ahead on the back of AT&T's huge $39bn bid for Deutsche Telekom's T-Mobile USA. Vodafone is top riser as analysts have wasted little time working out what it means in value terms for Vodafone's 45% stake in current US market leader Verizon
Read moreLondon pre-open: Footsie set for strong start
21st Mar 2011 07:39
The firmer trend seen towards the end of last week has continued this morning as the situation in Libya looks like it is coming to a head while repair work gets underway at the damaged Fukushima Daiichi power plant in Japan. City traders predict the top share index could open around 70 points highe
Read moreBunzl keeps buying
21st Mar 2011 07:09
Distribution group Bunzl has announced two acquisitions on opposite sides of the world. The company is to acquire Cannon Consumables from OCS Group UK. The acquired company is mainly engaged in the supply of cleaning and hygiene consumable products to OCS as well as to a number of other customers t
Read moreITV returns to Footsie
9th Mar 2011 19:34
ITV is returning to the FTSE 100 index in the latest quarterly changes. The television broadcaster was dropped from the FTSE 100 in September 2008 has risen by more than 75% over the past year and it promises to pay an interim dividend this year. ITV's underlying profit almost trebled to £321m i
Read moreNorth America boss offloads Pearson shares
2nd Mar 2011 17:47
Will Ethridge, chief executive of Financial Times publisher Pearson's North American education division, has sold a big chunk of shares in the company. He disposed of 33,000 American Depositary Receipts (ADRs) for $16.83 (£1,033p) a time or a total of nearly £350,000. News of the share sale comes
Read moreWednesday tips round-up: Provident Financial, GKN, Fresnillo...
2nd Mar 2011 06:43
Long-term sceptics of doorstep lender Provident Financial say the big concern is Provident's capital position. The company again refused to give a figure for its surplus cash position - the concern being that it wouldn't be great news and could be as low as £20m rather than £50m or £60m that is ofte
Read moreLondon close: Shares in late dive as Mideast worries resurface
1st Mar 2011 16:43
The spectre of higher oil prices sent a chill down traders' spines late in the afternoon, sending shares plummeting into the red. The turmoil in the Arab World is behind the spike in crude, with a barrel for April delivery rallying towards $100 in New York. Worries over the possibility of protests
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