London close: Triple digit gains for FTSE 100
14th Oct 2009 16:36
Footsie ended with gains in excess of 100 points amid a backdrop of cheery economic news and encouraging earnings from the US. Shares started well after US chip-maker Intel smashed forecasts with its third quarter results, were given a boost by a smaller than expected rise in unemployment, then cli
Read moreFTSE 100 movers: China data lifts miners
14th Oct 2009 14:27
Better than expected trade figures from China sent mining shares sharply higher. China's exports fell at the slowest this year in September, which coupled with a production upgrade from Rio Tinto has sent buyers scurrying for shares. Kazakhmys, Xstrata and Lonmin are all well ahead as is Rio Tinto
Read moreLondon midday: Shares soar on US earnings optimism
14th Oct 2009 12:12
Shares are racing away after US bank JP Morgan followed Intel and smashed through forecasts for the third quarter. Futures are pointing to more than a 120 point gain for the Dow when the US kicks off and UK shares are climbing in anticipation. Intel's results came in well ahead of expectations per
Read moreLondon open: Bulls charge ahead after Intel optimism
14th Oct 2009 08:44
The bulls are in full charge mode this morning after forecast-busting third quarter results from Intel raised optimism for a strong US third quarter earnings season and eventual US economic recovery. Intel, the world's largest computer chipmaker, reported an 8.3% drop in net income for the three mo
Read moreLondon pre-open: Buying spree predicted
14th Oct 2009 07:39
Forecast-busting third quarter results from Intel overnight look set to inject some life into proceedings today, with futures prices indicating big gains for London. The leading index is expected to add more than 50 points at the start of play following an optimistic outlook from the world's larges
Read moreBurberry reports rise in sales
14th Oct 2009 07:01
Fashion group Burberry reported a better-than-expected 5% rise in second quarter sales thanks to a good performance in Europe and Asia. Total sales rose to £343m compared with £328m last time, though sales were down 5% at constant exchange rates. Broker Nomura Securities predicted sales would drop
Read moreWednesday preview: Burberry, Experian, Punch Taverns
13th Oct 2009 17:55
Fashion group Burberry gives a trading update covering the July to September period, the second quarter in the company's financial year. This is an important quarter for the wholesale arm, as it begins to process Christmas orders. Broker Nomura Securities predicts second quarter sales will be down
Read moreWeek Ahead: Whitbread, Punch Taverns, Burberry
9th Oct 2009 11:26
What might loosely be termed 'the night out' sector is well represented in next week's results with pub group Punch Taverns and hotels, pub restaurants and coffee bars group Whitbread both making announcements. Heavily indebted pub group Punch Taverns said back in August that trading results contin
Read moreLondon close: Footsie highest in over a week
8th Oct 2009 16:33
Stocks ran out of steam mid-afternoon, trading as near to Wednesday's close as they had done all day, but strength on Wall Street inspired a late rally here. The top stocks were still mining companies as metal prices continued their march higher. Gold futures neared $1,060 an ounce as the dollar co
Read moreFTSE 100 movers: Liberty taps shareholders again
23rd Sep 2009 12:44
Property group Liberty pulled the rug from under the property sector with its £280m placing at 500p. The retail park specialist has already had one hefty placing this year, raising £590m through a placing and open offer at 310p, and investors seemingly balked at this latest tap. The 500p placing p
Read moreWednesday newspaper round-up: Orange/T-Mobile, Cadbury, Burberry
9th Sep 2009 06:09
The planned merger of Orange and T-Mobile faces an uphill battle to convince competition authorities that the creation of Britain's biggest mobile phone company should be allowed to proceed. Independent competition lawyers questioned whether a super operator with 29.1m customers and a 39% revenue s
Read moreThursday tips round-up: Britvic, Northern Foods, LSE
16th Jul 2009 06:12
Britvic's shares are now trading on a September 2009 earnings multiple of 11.5 times, falling to 10.4 times next year. With analysts expected to upgrade their forecasts, the current multiple will fall as consensus forecasts rise. The shares are also yielding 4.4pc, which is well worth having. Shares
Read moreLondon close: Footsie in triple-digit advance
15th Jul 2009 16:29
Footsie climbed more than 100 points as optimism over the prospects of an economic recovery sent stocks soaring around the world. Insurer RSA to being talked of as a takeover target, with Italy's life assurance group Generali touted as the likely predator. Elsewhere in the sector Prudential and L
Read moreLondon afternoon: Equities continue winning streak
15th Jul 2009 14:52
London is on the rise for the third day in a row, a winning steak not previously seen this month. Resource stocks and insurers lead the way. Insurer RSA to being talked of as a takeover target, with Italy's life assurance group Generali touted as the likely predator. Elsewhere in the sector Prude
Read moreSector movers: Metal rally boost miners
15th Jul 2009 09:33
News from mining stocks is mixed today, but higher metals prices lift the sector. Production jumped 19% at Hochschild during the second quarter, putting the Latin America-focused precious metals miner "firmly on track" to hit its full year production target of 28 million silver equivalent ounces.
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