London midday: Footsie still stuck lower
17th Nov 2009 12:11
Footsie remains a few points in the red despite some gains on the back of company updates. Inter dealer-broker ICAP is up despite interim profits falling as it added that trading activity had picked up in September. Telephone giant Cable & Wireless is top of the pile on news it is to demerge into
Read moreLondon open: Dull start for Footsie
17th Nov 2009 08:38
London has followed the lead of Asian markets and opened lower despite an overnight gain of over 130 points for the Dow. Telephone giant Cable & Wireless is the best performer. It is to demerge into two separately listed companies by next March and will raise £200m through a convertible bond issue
Read moreLondon pre-open: London set to pause for breath
17th Nov 2009 07:42
London is expected to follow the lead of Asian markets and open lower this morning, despite a strong showing overnight by US stocks. Traders expect the FTSE 100 index will open down around 20 points from last night's close. Telephone giant Cable & Wireless is to demerge into two separately listed
Read moreRetail arm shines at Burberry
17th Nov 2009 07:13
The retail side of Burberry outperformed the wholesale side as the luxury fashion group reported a rise in half-year revenues, thanks to favourable exchange rates. Revenue in the six months to 30 September rose 27%, or 14% at constant exchange rates (CER), to £311.6m in the retail channel, from £24
Read moreLondon close: Footsie gleams on commodity strength
4th Nov 2009 16:18
A rush into miners, triple-digit rally on Wall Street and welcome numbers from two of Britain's largest retailers catapulted London higher Wednesday. Fresnillo took the blue chip risers' crown, up sharply as renewed dollar weakness benefited commodity prices. Kazakhmys, Xstrata and Rio Tinto also
Read moreLondon afternoon: Gains extended
4th Nov 2009 14:19
Expectations of a firmer start on Wall Street encouraged UK blue-chip prices to kick on over the lunch-time session, with miners and stores still leading the way, In the head to head battle between M&S and Next, shares in the latter are performing slightly better after the fashion chain upped its g
Read moreLondon close: Late swoon by Footsie
30th Oct 2009 16:52
Mining stocks proved a major millstone around Footsie's neck today while end of the month position closing also contributed to a fall of almost 2% on the blue-chip index, a decline that was mirrored on Wall Street. The US market gave back most of yesterday's gains in the morning session after US co
Read moreLondon afternoon: Shire provides some cheer
30th Oct 2009 14:19
Footsie dipped into the red over the lunch-time session, as Wall Street opened lower. Metal prices are in retreat, prompting investors to bail out of mining stocks, including precious metals miners such as Fresnillo and Randgold. Among base metal miners, Kazakhmys and Lonmin are the worst perform
Read moreLondon midday: Retailers lifted by consumer confidence
30th Oct 2009 12:12
Insurers and miners are hampering the Footsie's progress today, but outside of these two sectors most blue-chips are on an upward trajectory, helped by some decent news on the economy. Economic data released Friday shows that UK consumers are more confident now than at any time in the last 21 mont
Read moreLondon close: Blue chips slip lower
16th Oct 2009 16:50
London's blue chips closed lower as investors used a 100 point plus fall for the Dow as an excuse to take profits. Many of the major commodity plays, including Xstrata, Rio Tinto and Anglo American had enjoyed gains in early deals, but investors lost interest late morning. Oil plays BP, Royal Dutc
Read moreLondon afternoon: Stocks remain lower
16th Oct 2009 14:54
London's blue chips are still in the red in midday dealings after the Dow dropped more than 100 points in the US. Many of the major commodity plays, including Xstrata, Rio Tinto and Anglo American had enjoyed gains in early deals, but investors lost interest late morning. Oil plays BP, Royal Dutch
Read moreSector movers: Crude rise lifts oil stocks
16th Oct 2009 13:30
With crude seemingly heading towards the $78 a barrel mark, big name oil companies such as BP and Shell move higher and the sector is one of today's best performers. Personal goods stocks are led lower by the maker of luxury items such as handbags and raincoats, Burberry. The firm has run into prof
Read moreLondon midday: Footsie gains evaporate
16th Oct 2009 12:07
London is back where it finished yesterday's session as a sell-off in the mining sector on weaker metal prices gathered pace near lunchtime. Many of the major commodity plays, including Xstrata, Rio Tinto and Anglo American had enjoyed gains in early deals, but investors lost interest late morning.
Read moreBroker tips: Burberry, Weir Group, Aggreko
15th Oct 2009 12:00
Luxury fashion group Burberry has enjoyed an excellent run since joining the ranks of the FTSE 100 and its good fortune continues today after JP Morgan raised its target price on the group. After yesterday's well-received trading update, in which Burberry reported a better-than-expected 5% rise in
Read moreBroker snap: Burberry still in fashion after update
15th Oct 2009 11:02
Luxury fashion group Burberry has enjoyed an excellent run since joining the ranks of the FTSE 100 and its good fortune continues today after JP Morgan raised its target price on the group. After yesterday's well-received trading update, in which Burberry reported a better-than-expected 5% rise in
Read more