UK and ROI still a drag on Bunzl
19th Oct 2010 07:48
Bunzl, the international distribution and outsourcing group, said trading in the second half of 2010 has been in line with expectations. Group revenue for the third quarter was up 6% compared to the same period last year, while it has increased 3% year to date, due to underlying revenue growth and
Read moreLondon close: Footsie rallies amid US optimism
31st Aug 2010 17:00
Footsie gave up its poor start to close in the red after positive economic figures from the US. The latest survey on US consumer confidence came in ahead of expectations, easing fears over the state of the world's biggest economy. The reading on consumer confidence for August was 53.5, ahead of exp
Read moreLondon afternoon: Markets continue to struggle
31st Aug 2010 14:22
It remains a struggle for blue chips today with US markets unlikely to give much help as futures point to an early fall. Investors are now nervous about a Conference Board report on consumer confidence in the world's number one economy later today. Here, GfK NOP's consumer confidence index came in
Read moreTuesday tips round-up: Kesa, Serco, Lloyds Banking
6th Jul 2010 06:39
The City's bearishness on Kesa shares partly reflects concerns over the tough trading environment that Comet faces in the UK. Furthermore, the City's UK-centric view glosses over the fact that Darty continues to deliver the bulk of the group's operating profit. Therefore, along with an improved per
Read moreLondon close: Footsie drops slightly
5th Jul 2010 16:33
London's main markets closed slightly lower after trading within a tight range all day. BP was the strongest blue chip all day on reports that the governments of Kuwait, China and Singapore could inject funds under a £6bn plan designed to shore up the oil group's finances in the wake of the Gulf di
Read moreLondon afternoon: London continues drifting
5th Jul 2010 14:21
London shares are stuck in neutral, with the Footsie barely changed on the day. BP is the strongest blue chip on reports that the governments of Kuwait, China and Singapore could inject funds under a £6bn plan designed to shore up the oil group's finances in the wake of the Gulf disaster. The cost
Read moreLondon midday: Stocks tread water
5th Jul 2010 12:17
The London stock market ended the morning little changed, with the general air of lethargy reinforced by the absence of any directional input from the US market, which is closed today. BP is the strongest blue chip on reports that the governments of Kuwait, China and Singapore could inject funds un
Read moreLondon open: Slow start for Footsie
5th Jul 2010 08:42
Early gains for Footsie have disappeared quickly in the face of a poor start for the miners and the absence later on of Wall Street, closed for Independence Day. BP is one of the gainers on reports the governments of Kuwait, China and Singapore could inject funds under a £6bn plan designed to shore
Read moreLondon pre-open: Footsie targets tiny gain
5th Jul 2010 07:37
It's looking like a quiet and nervy start for London as US stocks struck a new low for 2010 in very late trade Friday. Any moves will be locally-led in the absence of Wall Street, closed for Independence Day. Futures prices indicate a 4-point gain in early trade. The Dow Jones closed down 46 on Fri
Read moreBunzl in bolt-on acquisition
5th Jul 2010 07:21
Distribution and outsourcing group, Bunzl, has snapped up Belgian cleaning and hygiene consumables firm Etablissements Glorieux SA. The Belgian company, which trades at Global Net, is being acquired from the owners, Olivier and Luc Glorieux. The company operates in the Walloon region of Belgium, s
Read moreBunzl Plc Acquisition
5th Jul 2010 07:00
TIDMBNZL RNS Number : 7363O Bunzl PLC 05 July 2010 ? 5 July 2010 BUNZL ACQUIRES GLOBAL NET IN BELGIUM Bunzl plc, the international distribution and outsourcing Group, today announces that it has acquired
Read moreLondon close: Lower finish after budget
22nd Jun 2010 16:40
The budget did little to change the overall direction of the leading share index, which fell in early dealings and remained stuck in the red, though there was movement in specific sectors. A widely expected rise in Capital Gains Tax (CGT) was implemented, with higher rate payers to pay 28% from mid
Read moreLondon afternoon: Market takes tax hikes on chin
22nd Jun 2010 14:17
Footsie is still in the red after chancellor George Osborne's first Budget, which contained a huge raft of tax and benefit changes, most of which will raise revenue for the government. VAT is going up from 17.5% to 20%, capital gains tax is rising to a flat rate of 28% while the banks and building
Read moreLondon midday: Budget casts shadow over Footsie
22nd Jun 2010 12:04
Footsie is lower ahead of today's emergency Budget with markets uneasy given the tough rhetoric beforehand from chancellor George Osborne. The sentiment boost enjoyed yesterday following the announcement that China is to stop pegging its currency to the US dollar has worn off, as can be seen by the
Read moreLondon open: Lower ahead of Budget
22nd Jun 2010 08:46
Footsie has opened lower ahead of the coalition government's eagerly awaited emergency budget, which will be revealed around lunchtime. Chancellor George Osborne has been vocal about making Britain competitive by cutting corporation tax so that big businesses find it worthwhile to come to the coun
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