Sector movers: Tech groups on the rise
5th Jan 2011 16:02
The Technology Hardware & Equipment is rising higher Wednesday afternoon. Chip designers are in favour ahead of the Consumer Electronics show in Las Vegas, which boots up tomorrow. ARM and CSR head the lists of FTSE 100 and FTSE 250 risers, respectively. The Personal Goods sector is on the decline
Read moreLondon close: Footsie back below 6,000
29th Dec 2010 17:01
Footsie did not stay above 6,000 for long and it ended the day down 13 at 5,996. A strong performance from mining companies, particularly those involved in gold, was not enough to offset a decline in banks, which are weak on worries over the debt issues facing the eurozone. Royal Bank of Scotland
Read moreLondon midday: Footsie falls below 6,000
29th Dec 2010 12:18
Footsie has failed to stay above 6,000 today and it has been heading downwards since just after 9am. Blizzards in the US are driving oil prices to a 26-month high above $91 a barrel. Heating oil prices in particular are rising. Royal Dutch Shell was one of the best performers this morning but it
Read moreFTSE 100 movers: Smith & Nephew bid rumours
8th Dec 2010 15:21
Smith & Nephew is higher on rumours that it could be the subject of a bid. US private equity firms are thought to be considering an offer at 800p a share. There are also rumours that Gucci owner PPR many bid for Burberry. News from the British Retail Council showing shop price inflation fell f
Read moreBroker snap: Near-term excitement absent at Burberry
17th Nov 2010 12:56
Despite Burberry's first half results beating forecasts, Nomura has maintained its neutral stance on the stock, not seeing much in the near term to excite investors. Several elements of the fashion retailer's business have given "confidence in the opportunity for continued profit growth", says the
Read moreBroker tips: Burberry, Informa, Mothercare
17th Nov 2010 12:45
Despite Burberry's first half results beating forecasts, Nomura has maintained its neutral stance on the stock, not seeing much in the near term to excite investors. Several elements of the fashion retailer's business have given "confidence in the opportunity for continued profit growth", says the
Read moreLondon close: Battering for miners and banks
16th Nov 2010 17:08
It was downhill almost all the way for Footsie in the afternoon session after the US opened sharply lower, with miners getting a real bashing on the prospect of a slow-down in the Chinese economy. No less an authority than star fund manager Anthony Bolton raised the prospect today, in the first set
Read moreLondon afternoon: Gloomy miners
16th Nov 2010 14:10
Footsie retreated further over the lunch time session with mining stocks largely responsible for the decline, as metal prices pull back on fears that China will act to cool down its economy in the interests of reining in inflation. Antofagasta, Kazakhymys, Fresnillo, Xstrata and Rio Tinto are t
Read moreLondon midday: Battering for blue chips
16th Nov 2010 12:16
Footsie is deep in the mire after the late swoon on Wall Street last night and concerns over the health of the entire eurozone. Miners have tanked with metals prices, while banks are still edgy over the sovereign debt situation in Ireland. Kazakhymys, Fresnillo, Xstrata, Anglo American and Antofa
Read moreLondon open: Early losses for Footsie
16th Nov 2010 08:58
Footsie has posted substantial losses following the reversal on Wall Street last night, with miners and financial groups bearing the brunt of the selling. Kazakhymys, Fresnillo, Man and Antofagasta are the worst of the fallers so far, with chip maker Arm the best of the risers. It's another hefty
Read moreLondon pre-open: Footsie to fall back
16th Nov 2010 07:31
Footsie is expected to post substantial losses in early dealings following the reversal on Wall Street last night. In company news just out, profits soared at luxury fashion label Burberry in the six months to September 30 as sales of non-clothing items such as handbags jumped and the company exten
Read moreBurberry profits soar as emerging markets shine
16th Nov 2010 07:08
Profits soared at luxury fashion label Burberry in the six months to September 30 as sales of non-clothing items such as handbags jumped and the company extended its reach in emerging markets including China and Brazil. Adjusted revenues (stripping out Burberry's discontinued Spanish business) were
Read moreTuesday preview: Burberry, TalkTalk Telecom, Enterprise Inns
15th Nov 2010 16:14
High flying fashion chain Burberry is fast becoming one of Britain's best known global brands. Charles Stanley thinks the success story will continue with "a strong set of interim results, driven by a buoyant sales performance and higher gross margins." The results will, however, be complicated "b
Read moreThursday tips round-up: Prudential, Great Portland, Schroders...
11th Nov 2010 06:39
Prudential reported positive numbers yesterday, but the Independent is still put off by the ill-conceived £22bn bid for AIA that failed earlier this year and cost the insurer £350m. It is really a question about management, one that Prudential has yet to provide a satisfactory answer to, the paper
Read moreLondon close: Miners keep Footsie in the blue
25th Oct 2010 17:04
Were it not for the strength of miners today Footsie would undoubtedly have ended in the red, as many share prices experienced a late swoon. Miners were wanted on expectations that the US dollar will suffer a relapse after the G20 agreement over the week-end that should, if adhered to, bring an end
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