Bunzl sees revenue growth of 2%
22nd Jun 2010 07:01
Distribution and outsourcing group Bunzl said overall trading is in line with full year expectations with revenue growth of 2%. Operating margin has improved in the six months ending 30 June compared to the same period in 2009 as a result of increases in the UK & Ireland and the Rest of the Worl
Read moreMARKET TALK: Budget Could Stall Mid/Small Cap Outperformance
16th Jun 2010 10:56
0956 GMT [Dow Jones] Next week's UK budget could mark the end of the outperformance of mid and small-cap stocks, due to their generally higher exposure to government contracts, says Deutsche Bank. Suggests the IT services sector, newspapers, defense stocks and housebuilders could continue to struggl
Read moreRPS boss cashes in
18th May 2010 16:51
Chief executive Dr Alan Hearne has raised nearly £1m by selling shares in environmental consultancy RPS. Dr Hearne has sold 470,000 shares at an average price of 209.588p each. That leaves him with 15,130 RPS shares and £985,000 in cash. In March, Dr Hearne raised £222,434 from a share disposal
Read moreFTSE 100 movers: Ex-dividend adjustments knock market
5th May 2010 16:00
Footsie is making an attempt to recover this afternoon but it remains well down. This is despite a recovery in the BP share price after Panmure Gordon upgraded the oil company from a sell to a buy. BP shares went ex-dividend today so the rise is even more impressive. The quarterly dividend is 9.22
Read moreThursday tips round-up: Bunzl, FirstGroup, Autonomy
22nd Apr 2010 06:09
Bunzl, which distributes a variety of products, including food packaging and catering equipment, posted what read as a rather dull update yesterday. Not that dull is bad: when dull means improving margins following cost reductions, dull is pretty good. Indicators are steadily turning positive, and,
Read moreLondon 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
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