FTSE 100 movers: Tullow Oil rises on strong set of results
13th Feb 2013 15:50
Oil and gas group Tullow rose strongly today after posting a four per cent rise in annual pre-tax profits on the back for strong sales and output. Pre-tax profits in 2012 totalled 1.11bn dollars, ahead of analysts' expectations. Irish building materials group CRH was one of the best performers on
Read moreLondon midday: Markets subdued as focus turns to the BoE
13th Feb 2013 11:22
London's FTSE 100 index was still in negative territory by Wednesday lunchtime, albeit well off its intraday low, as all eyes turned to the Bank of England (BoE) and the release of its three-monthly inflation report. While Governor Sir Mervyn King admitted that output has been broadly flat for the
Read moreLondon open: Stocks open lower ahead of inflation report
13th Feb 2013 08:27
UK stocks opened moderately lower ahead of the Bank of England's (BoE's) inflation report due out at 10:30, as well as a number of important economic indicators elsewhere. "European stock markets are largely mixed Wednesday, staying in a tight range as traders tread carefully ahead of the G-20 meet
Read moreSunday share tips: Burberry, BP, Victrex
10th Feb 2013 20:39
Investors in luxury goods group Burberry endured a case of the jitters last week after the company unveiled a series of boardroom tweaks. However, the group's strategy is unlikely to change. Investors were already concerned about a slowdown in growth for upmarket goods groups and after the recent ma
Read moreHome Retail's Finance Director sells shares
8th Feb 2013 16:16
The Financial Director of Home Retail, Richard Ashton, on Thursday sold 249,975 shares in the household goods retailer, three weeks after the company raised its full-year profit expectations on the back of increased sales at its Argos business over the Christmas period. The shares were sold at 127.
Read moreWednesday newspaper round-up: RBS, Virgin Media, BP...
6th Feb 2013 06:58
Royal Bank of Scotland was today expected to announce that the head of its investment bank, John Hourican, will leave the company and give up rights to around four million pounds-worth of share options. Hourican had been brought in to rescue the investment arm after the bank was bailed out by the UK
Read moreLondon close: Corporate earnings, services data push markets higher
5th Feb 2013 16:27
The FTSE 100 staged a partial recovery today after Monday's sell-off, with decent corporate earnings and better-than-expected service-sector data doing their bit to repair damaged market sentiment. London's benchmark index slumped 100 points yesterday as political uncertainty in the Eurozone result
Read moreLondon midday: FTSE 100 bounces back after sharp sell-off
5th Feb 2013 11:39
Well-received results from ARM Holdings and BP and a decent performance from the banking sector helped the FTSE 100 bounce back slightly after Monday's sell-off. London's benchmark index slumped 100 points yesterday as political uncertainty in the Eurozone dented sentiment: corruption scandals at S
Read moreLondon open: ARM provides a lift early on
5th Feb 2013 08:31
Strong gains from ARM Holdings and BP helped the Footsie rebound on Tuesday from a sharp sell-off the day before. London's benchmark index slumped 100 points on Monday as political uncertainty in the Eurozone dented sentiment: corruption scandals at Spanish Prime Minister (PM) Mariano Rajoy's gover
Read moreLondon pre-open: Small rebound expected after Monday's sell-off
5th Feb 2013 07:46
The FTSE 100 is expected to open just slightly higher on Tuesday morning following a 100-point loss the day before. City sources predict the index will open up five points from yesterday's close of 6,247. Stocks sank on Monday as political uncertainty in the Eurozone dented sentiment: corruption
Read moreBP upbeat despite falling profits in fourth quarter
5th Feb 2013 07:17
Profits at oil titan BP slipped in the fourth quarter owing to lower upstream production levels, but the company assured that it well-positioned for growth after moving past 'many milestones' last year. Underlying replacement cost (RC) profit, adjusted for non-operating items and fair value account
Read moreTuesday preview: ARM Holdings and BP post results
4th Feb 2013 15:14
ARM Holdings and BP will take the stage Tuesday as the FTSE 100 companies release fourth quarter and full year results. Analysts at Jefferies International last week predicted that ARM, the British multinational semiconductor and software design company, is well positioned to deliver sales exceedin
Read moreSunday newspaper round-up: Banks, Afren, 3i
3rd Feb 2013 13:25
Ahead of a major speech on the issue on Monday, George Osborne is still negotiating with Vince Cable, the Business Secretary, on the exact detail of a reserve power the Government could use if banks were found to be abusing new regulations. Figures close to the Chancellor said he would not back a "b
Read moreProduction begins at BP-operated PSVM Angola project
31st Jan 2013 08:58
Oil and gas production giant BP has commenced operations at the PSVM project in offshore Angola, a trading update issued by the FTSE 100 company has disclosed. The project, which is located 400km north west of Luanda, consists of four oil fields which were discovered in 2002-2004 and represents the
Read morePetrol pump competition is fair, OFT decides
30th Jan 2013 14:35
Competition at petrol stations is fair, the Office of Fair Trading (OFT) announced Wednesday. In an call for information launched in September last year, the OFT determined that competition at the pump is "working well", and blamed the increases in petrol and diesel over the past 10 years on rising
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