Bellway announces small improvements
5th Aug 2011 07:24
Housebuilding company Bellway has announced a slight like-for-like improvement in operations compared with last year. The group has legally completed 4,922 homes, an increase of 7.1% compared with the previous year's total of 4,595, while the average selling price of homes sold has increased by
Read moreLondon close: Stocks finish higher despite retreat
24th Jun 2011 16:47
Stocks gave up most of their early gains as economic worries resurfaced, but the top share index still closed in positive territory. Some observers attribute this resilience to comments from Chinese Premier Wen Jiabao that may be pointing towards a quicker end than previously expected to tightening
Read moreLondon midday: Gains fade as Bank warns on risks
24th Jun 2011 12:01
Shares are still going well after a strong start but have given up some of their earlier gains as nerves linger over the eurozone situation. With Greece and the European Union settled on the contents of the austerity package to be put before the Greek parliament next week, hopes have risen that th
Read moreLondon open: Sharp gains for Footsie as Greek fears ease
24th Jun 2011 08:42
The Footsie registered sharp gains in early trading, after last night's reports from Greece buoyed sentiment in London. The FTSE 100 opened up 68 higher at 5,742 on Friday morning. With Greece and the European Union settled on the contents of the austerity package to be put before the Greek parliam
Read moreSector movers: ENRC leads miners lower
10th Jun 2011 15:17
The mining sector has taken a knock today, with blue chip metals producers providing a drag. Kazakhstan-focused miner Eurasian Natural Resources Corp is a heavy faller on further speculation of a major boardroom shake-up, as a result of indifferences with minority shareholders. On Wednesday, the
Read moreFTSE 250 movers: Retailers drop, JD leads the fallers
10th Jun 2011 14:14
Seven of the ten top fallers are from the retail sector, with JD Sports Fashion losing over 6%. The Tempus column in the Times this morning said that, while the sports apparel chain is a more robust business than most on the high street, "with the shares on less than nine times this year's earnings,
Read moreLondon midday: FTSE 100 still in the red
10th Jun 2011 12:02
The top share index is slightly in the red again after an earlier rally faltered. Housebuilder Bellway is in demand after it said it is well positioned to deliver operating margin and volume growth if market conditions remain unchanged following a return to a more normal reservation pattern and a h
Read moreLondon open: Stocks edge lower
10th Jun 2011 08:17
Shares have edged slightly lower on a quiet day on the company news front. Economic resilience in the southeast of England helped brewer and pub operator Fuller, Smith and Turner post a strong rise in profits in the year to 2 April. The company, whose pubs only stretch as far north as the Midlands,
Read moreBellway well positioned after healthy spring sales
10th Jun 2011 07:23
Housebuilder Bellway said it is well positioned to deliver operating margin and volume growth if market conditions remain unchanged following a return to a more normal reservation pattern and a healthy spring selling season. The Newcastle upon Tyne based property developer said it achieved a sales
Read morePearson's Scardino pockets £460,000
19th May 2011 15:49
Marjorie Scardino, the chief executive of the Financial Times and Penguin books publisher Pearson, has been selling shares in the company. She netted about £460,000 from the sale of 40,000 shares, half of them at 1,153p a time and half at 1,150p. She still has about 1.28 shares in the company. Sha
Read moreLondon close: Retailers and banks pull London to dull finish
30th Mar 2011 17:38
Footsie came off its highs for the day, as retailers and banks did their best to drag the market lower. Nevertheless, the blue chip index finished 16 higher at 5,948. Invensys was sharply lower after RBC Capital Markets initiated coverage of the engineer with an "underperform" rating. That was the
Read moreFTSE 250 movers: Dixons plummets after profit warning
30th Mar 2011 15:58
Dixons Retail shares have dropped by nearly a fifth as dampened consumer confidence has led to a profit warning by the PC World and Currys owner. Kesa Electricals, the owner of the Comet chain, is also under the weather. Identity theft and credit card insurer CPP is recovering from a huge sell-of
Read moreLondon afternoon: Invensys bid fever fades
30th Mar 2011 14:39
Stocks came off the top over the lunch time session, though risers still comfortably outnumber fallers among Footsie constituents by at least two to one. Miners are setting the pace, particularly Vedanta, BHP Billiton, Rio Tinto and Antofagasta. At the other end of the scale Invensys is sharply lo
Read moreLondon midday: Miners drive FTSE 100 higher
30th Mar 2011 12:35
Miners are driving the top share index closer to 6,000 points, though the retail sector is under pressure following a profit warning from Dixons Retail. Vedanta, BHP Billiton, Antofagasta and Kazakhmys are among the big names in the mining sector posting gains. Elsewhere in the FTSE 100, oil compa
Read moreLondon open: Miners drive FTSE 100 near 6,000
30th Mar 2011 08:37
Miners are driving the top share index closer to 6,000 points, though the retail sector is under pressure following a profit warning from Dixons Retail. Vedanta, BHP Billiton, Antofagasta and Kazakhmys are among the big names in the mining sector posting gains. Elsewhere in the FTSE 100, oil compa
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