London afternoon: Compass leads London north
25th Nov 2009 14:01
A marginal improvement to the third quarter gross domestic product figures has lifted spirits in London, overshadowing some mixed corporate updates. The Office of National Statistics (ONS) said the UK economy shrank less than previously estimated in the third quarter, contracting by 0.3% between J
Read moreLondon midday: Footsie maintains lead
25th Nov 2009 12:09
Stocks are steady at lunchtime Wednesday as miners remain firmly on the front foot, while bid speculation is behind big gains at International Power. The hot money is on International Power at the moment, with investors betting that French utility GDF Suez will bid £6bn, or 400p-a-share, for the el
Read moreLondon open: Good gains as miners rally
25th Nov 2009 08:43
Footsie has posted good gains in early dealings, despite a lower finish on Wall Street last night. Miners are again behind the rise, with an end to the brief rally by the dollar sending buyers in search of alternatives. Second liners Randgold and Kazakhmys are leading the way, but the gains are pre
Read moreBritvic shrugs off soft drinks decline
25th Nov 2009 07:44
Soft drinks group Britvic said it was winning market share in all key categories as it posted a rise in revenues and profits. The firm, which sells Robinsons fruit juice and has the license for Pepsi in the UK said pre-tax profits in the year to September 27 climbed to £86.5m from £70.1m the previo
Read moreLondon close: Blue chips falter after recent strength
15th Oct 2009 16:38
London closed lower as bumper profits at US investment bank Goldman Sachs failed to spark Wall Street, which has retreated from the 10,000 mark hit last night. Goldman Sachs reported quarterly earnings per share of $5.25 versus the $4.24 predicted. Revenue of $12.37bn was much better than the $11.0
Read moreLondon afternoon: Stocks stuck in red
15th Oct 2009 15:13
Bumper profits at US investment bank Goldman Sachs have failed to ignite fresh buying interest on Wall Street, leaving London weaker as resource plays struggle. Goldman Sachs pitched in with forecast-busting third quarter numbers, but that's not been enough to extend the Dow's gains above 10,000. T
Read moreLondon midday: Sainsbury's soars on Qatar rumours
15th Oct 2009 12:12
J Sainsbury is the stand-out riser so far on talk that the Qatar investors in the supermarket are looking to build on their current 26% stake, but it is no more than rumours so far. Otherwise Footsie is marking time, but that could change after bumper figures from Goldman Sachs. The banking giant r
Read moreLondon open: Shares add to stellar gains
15th Oct 2009 08:19
London's top stocks are adding to yesterday's gains in early trading after the Dow Jones closed above the key 10,000 barrier for the first time in over a year. Miner Xstrata said today that it has no intention of making an offer for rival Anglo American. The announcement came after a put-up or shu
Read moreBritvic serves up 5.6% revenue rise
15th Oct 2009 07:36
Soft drinks company Britvic served up a 5.6% rise in full year revenue and believes it will deliver a strong set of results for the year ahead. The owner of Robinsons, Tango, and J2O brands, said total revenue increased by 5.6% to £978.8m. Full-year GB and International revenue grew 8.7% reflectin
Read moreFTSE 250 movers: Consumer stocks in demand
2nd Oct 2009 13:47
Among the risers are baby products retailer Mothercare, drinks firm Britvic, McBride, which makes household and personal care products for supermarkets to sell under their own name, and pork products supplier Cranswick. Engineer Morgan Crucible is the heaviest faller. FTSE 250 - Risers Rathbone Br
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 moreFTSE 250 movers: Drinks stocks move both ways
15th Jul 2009 09:32
Shares in Britvic are fizzing again after the soft drinks firm yesterday said full year results would exceed expectations, but shares in IRN-BRU maker AG Barr are looking a bit flat. Shares in Burberry are lower even after the luxury clothing group revealed an 8% rise in first quarter sales and sai
Read moreWednesday tips round-up: Britvic, Mothercare, BG
15th Jul 2009 06:37
The sun shines, ergo, the drinks companies do rather nicely. When the group in question, Britvic, owns the Robinson squash brand and Wimbledon turns out to be more entertaining than usual, you would expect it to release good news to the market. Britvic is likely to have a good time of it over the
Read moreLondon close: Stocks pull out of tailspin
14th Jul 2009 17:09
Indecision on Wall Street prompted a spell of profit taking in the UK in the middle of the afternoon session which threatened to wipe out the morning's gains, but London's blue-chips rallied at the death to keep the Footsie in the blue. Mining stocks were the best performers with silver miner Fresn
Read moreLondon afternoon: Footsie climbs despite weak retailers
14th Jul 2009 14:10
London's leading shares continue to edge higher, with sentiment given a boost in the afternoon by expectations of a moderately firm start on Wall Street and a strong set of second quarter results from US bank Goldman Sachs, which announced record revenues. Mobile phone giant Vodafone, the third lar
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