London close: Footsie gives back Tuesday's gains
21st Apr 2010 17:03
The blue-chip index finished close to its lowest level of the day as a mid-afternoon rally fizzled out. Sentiment was not helped by the release of a UK gross domestic product forecast by the International Monetary Fund (IMF) which reiterated the body's January forecast of an insipid 1.3% growth rat
Read moreLondon afternoon: Equities pare losses
21st Apr 2010 14:32
Leading shares trimmed their losses over the lunch time session, but the Footsie remains in the red, in part due to a number of blue-chips going ex-dividend today. BHP Billiton is lower after a statement this morning that it may have broken US anti-corruption laws in some of its exploration project
Read moreLondon midday: Miners drag Footsie down
21st Apr 2010 12:04
After a hesitant start Footsie fell steadily throughout the morning session, largely because of the weakness of mining stocks, which are reacting to softer industrial metals prices. BHP Billiton is lower after a statement this morning that it may have broken US anti-corruption laws in some of its
Read moreLondon open: Dull start for blue chips
21st Apr 2010 09:00
London's blue chips have fallen back as a string of big names going ex-dividend weighs on the index. British Airways is higher on the ending of the UK flight ban. ARM is the best performer after the stupendous results from Apple last night driven by iPhone sales, which ARM reportedly designed the
Read moreLondon pre-open: Gains ahead
21st Apr 2010 07:31
London's blue chips are expected to add to yesterdays gains in early dealings on Wednesday, with traders looking for a 15 point advanced. Lisa Morgan has stepped down as the chief executive of Game Group after the video game retailer revealed a sharp fall in profits in the year to January 31. Pre-t
Read moreBunzl on track
21st Apr 2010 07:14
Distribution and outsourcing group Bunzl said trading in the period since 31 December has been in line with expectations. Underlying revenue in the first quarter was up 2% on last year led by North America which was 5% higher. However, reported revenue was down 2% due to the negative impact of curr
Read moreAvesco founder adds to stake
6th Apr 2010 16:36
Deputy chairman Richard Murray is buying shares in Avesco Group at a time when there is stake building by an investment company. Taya Investment Company increased its stake in the broadcast and presentation equipment supplier and renter to 26.6% last month. Taya has been building up this stake i
Read moreHome Retail boss opens Hammerson account
1st Apr 2010 11:20
Terry Duddy, chief executive of Argos and Homebase owner Home Retail Group, has opened his account at Hammerson having joined the board of the shopping centre operator in December. He took 20,000 shares at 394p a time in his first purchase of shares in the company, paying a total of £78,800. In a
Read moreLiontrust executives buy following trading update
25th Mar 2010 16:54
Liontrust Asset Management's two executive directors have added to their shareholdings following the release of a trading statement for the year to March 2010. Chief executive Nigel Legge and chief operating officer and finance director Vinay Abrol each bought 180,039 shares at 105p a share. Legge
Read moreLondon midday: London lethargy lingers
15th Mar 2010 12:10
With the glut of end-2009 results announcements out of the way London looks in the mood to put its feet up and take a rest. In terms of hard news relating to FTSE 100 companies that is restricted to distribution group Bunzl and mining stock Rio Tinto. Distribution and outsourcing group Bunzl has
Read moreLondon open: Footsie drifts lower
15th Mar 2010 08:48
It's a quiet start for Footsie with little company news and buyers again largely sitting on the sidelines. British Telecom and Cable & Wireless are pushing on helping to offset a dull morning for the miners. Xstrata, Vedanta and Kazakhmys are the worst affected. BSkyB is down after Friday's excite
Read moreLondon pre-open: Dull start in store
15th Mar 2010 07:44
London looks set to get the week off to a quiet start with City traders predicting the FTSE 100 will open around 10 points lower than it's closing level on Friday. Investment trust giant Witan’s investment performance beat its benchmark index in 2009 after calling the bottom of the market a month e
Read moreBunzl expands Swiss presence
15th Mar 2010 07:06
Distribution and outsourcing group Bunzl has bought Switzerland-based consumable products supplier Weita Holding. Weita supplies cleaning and hygiene, food service, retail, healthcare and safety consumable products to both end users and redistributors throughout Switzerland. In 2009 the Swiss comp
Read moreChairman's wife buys Redrow shares
2nd Mar 2010 16:33
Redrow chairman Steve Morgan's wife has bought 100,000 shares in the housebuilder taking their combined stake to 29.95%. Fiona Morgan paid 131.5p a share for the 100,000 shares. The total cost was £131,500. Morgan founded Redrow in 1974 and floated the company 20 years later. He also owns Wolver
Read moreLondon close: Footsie slips back
22nd Feb 2010 16:36
Footsie struggled to find any sense of direction on a quiet day's trading, closing slightly in the red. Bunzl showed a healthy rise as the market was encouraged by a strong second half for the group that saw margins improve. Foreign exchange tailwinds enabled the outsourcing and distribution group
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