TechMARK movers: Losses contineu at Cryptologic
11th Nov 2010 15:44
Online betting games software developer Cryptologic continues to lose money even though it has cut its costs. Third quarter revenues slumped from $9.59m to $6.1m. The loss rose from $3.41m to $3.82m in the three months to September 2010. Net cash fell from $17.4m to $12.3m over the third quarter.
Read moreSector movers: BT boosts telecoms sector
11th Nov 2010 14:22
BT is putting in a sparkling performance today, helping lift the telecoms sector higher. The telecoms titan BT increased earnings forecasts for the full-year after bumping up profits by 13% during the second quarter. It was a good period for BT Broadband, with net additions of 114,000, representin
Read moreLondon open: Small improvement for Footsie
11th Nov 2010 08:16
Blue chips started pretty much as expected, posting reasonable gains in response to yesterday's steady recovery on Wall Street, with commodity plays leading the pack. The Dow Jones was trading deep in the red when London shut up shop Wednesday, but shed nerves ahead of today's G20 meeting in Seoul
Read moreLondon pre-open: BT to give Footsie early lift
11th Nov 2010 07:35
Taking its lead from Wall Street, which rallied late in the afternoon yesterday, London is expected to open moderately firmer, with City traders suggesting the FTSE 100 will open around 20 points higher. Telecoms titan BT bumped up profits by 13% during the second quarter and has increased earnings
Read moreBT ups year estimates after Q2
11th Nov 2010 07:03
Telecoms titan BT increased earnings forecasts for the full-year after bumping up profits by 13% during the second quarter. Adjusted profit before tax climbed to £496m in the three months ended 30 September from £440m a year ago. That compared with 17% growth in the first quarter. Profit on a repor
Read moreLondon close: Two-year high for blue chips
4th Nov 2010 17:01
Footsie hit a two-year high as investors piled into blue chips after yesterday's larger-than-expected stimulus package unveiled by the US Federal Reserve. But the good sentiment was not universal, with some hefty fallers on the back of disappointing trading updates. Hopes that the Bank of England's
Read moreLondon afternoon: Morning's gains consolidated
4th Nov 2010 14:23
Since the Bank of England's noon announcement extinguished the small hopes of Britain joining the US in reviving its quantitative easing programme, leading shares have marked time. Miners are still doing particularly well on hopes that the Fed's stimulus measures will help sustain the global econo
Read moreAnger as BT shifts pension benchmark
4th Nov 2010 12:35
BT could cut its pension scheme liabilities by up to £3bn after it decided to follow the government's lead and use the Consumer Prices Index (CPI) rather than the Retail Prices Index (RPI) as the base index. CPI has traditionally run at a lower rate than RPI because it does not include mortgage and
Read moreSunday newspaper round-up: Royal Bank of Scotland, Serco, BHP Billiton...
31st Oct 2010 10:42
Royal Bank of Scotland is poised to reignite the row over banker pay by hiring a City dealmaker who sued his last employer for refusing to pay him a bonus. A new hiring spree in the group's controversial investment bank has led to the appointment of John McIntyre, the former head of global strategi
Read moreVirgin raises the bar again on broadband speeds
27th Oct 2010 12:48
Pay TV and internet service provider Virgin Media has announced plans to extend its broadband speed advantage over its rivals with the roll-out of an "up to 100 megabytes per second" (MBps) service. The first areas of Britain set to benefit from the service upgrade are London, the South-East of Eng
Read moreSector movers: Retailers cap big week with gains
22nd Oct 2010 13:56
The retail sector is going well at the end of a busy week, that has seen Argos owner Home Retail, department store Debenhams and a few others issuing numbers. News from the sector is thin on the ground today, though motor dealer Pendragon has said it is growing faster than the market as its recover
Read moreLondon close: Late dip slows Footsie's progress
21st Oct 2010 16:42
A late sag pulled Footsie back after it seemed destined for its highest close since the middle of April. Good company news and a bright start on Wall Street, with the Dow up 100 points at the start, meant a strong afternoon session in London, but blue chips eased back as the day ended. BT was the
Read moreLondon afternoon: Shares climb higher as Wall Street advances
21st Oct 2010 15:37
Footsie is still going strong with a good start on Wall Street underpinning earlier gains. BT is higher after a favourable court ruling. The UK government has to guarantee all BT employees in the BT pension scheme, not just the ones that joined prior to privatisation in 1984, it was decided. Glax
Read moreSector movers: Telecoms sector gets BT boost
21st Oct 2010 15:28
BT is boosting the telecoms sector. The UK government has to guarantee all BT employees in the BT pension scheme not just the ones that joined prior to privatisation in 1984, according to a court ruling today. The government argued that the Crown Guarantee only covered members of the pension scheme
Read moreFTSE 100 movers: Pension decision boosts BT
21st Oct 2010 14:42
BT is higher after the courts ruled that the UK government has to guarantee all BT employees in the BT pension scheme not just the ones that joined prior to privatisation in 1984. The government argued that the Crown Guarantee only covered members of the pension scheme before BT was privatised and
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