London midday: Miners pull blue chips lower
27th Jan 2010 12:02
Footsie is trying to rally after an early sell-off on fears that China is planning fiscal measures to cool growth. Mining stocks once again feature prominently among the laggards, with Xstrata, Fresnillo and Anglo American the worst hit. Mining giant Vedanta Resources is also lower despite seeing
Read moreLondon open: Ugly start in London
27th Jan 2010 08:52
It's an ugly start In London with only Johnson Matthey and Amec in the blue, while financials, miners and oils are under heavy selling pressure. Far East markets continued to fall Wednesday on continuing fears that China is planning fiscal measures to cool growth, adding to the unease this morning.
Read moreLondon pre-open: Stocks to beat retreat
27th Jan 2010 07:38
Leading shares are set to open sharply lower after Wall Street gave up a 90-point gain in the last few hours of trade to end flat on the day. Far East markets also continued to fall Wednesday on continuing fears that China is planning fiscal measures to cool growth. Futures prices are currently i
Read moreCharles Stanley Q3 revenue grows 5.2%
27th Jan 2010 07:29
Stockbroker Charles Stanley said third quarter revenue rose 5.2% from the same period a year earlier after seeing a solid performance in all three of its divisions. For the three months to 31 December 2009 revenue rose to £28.4m from £27m the same quarter a year earlier. Total client funds under i
Read moreLondon close: US sparks late rally
5th Nov 2009 16:21
A smaller than expected increase to the Bank of England's quantitative easing programme and and early surge on Wall Street helped Footsie overcome early losses and close in the blue. The central bank voted to pump an additional £25bn into the economy, taking QE to £200bn. It also kept interest rate
Read moreLondon afternoon: Footsie climbs into blue
5th Nov 2009 14:13
A smaller than expected increase to the Bank of England's quantitative easing (QE) programme and stronger US futures have hauled London into the blue. The central bank voted to pump an additional £25bn into the economy, taking QE to £200bn. It also kept interest rates at 0.5%. "The fact that the M
Read moreLondon midday: BoE expands QE programme
5th Nov 2009 10:41
London's top stocks are trading quietly after their initial fall as investors mull the Bank of England's decision to extend its quantitative easing programme by a further £25bn to £200bn. Telecoms group Cable & Wireless has dropped after it revived plans to split itself in to two parts. The announc
Read moreLondon open: Shares start lower
5th Nov 2009 08:17
London's top stocks opened lower in line with the weaker trend seen in the afternoon session on Wall Street and losses overnight on Asian markets. The market has much to occupy itself ahead of the announcement later today of the Bank of England's decision on whether to extend its quantitative easi
Read moreCharles Stanley H1 profit up 6.8%
5th Nov 2009 07:38
Stockbroker Charles Stanley posted a 6.8% increase in half year pre-tax profit, adding 2010 will be an uncertain year for the economy. For the half-year ended 30 September 2009 revenue rose 14.1% to £55.9m while pre-tax profit increased to £5.49m. Funds under management or administration rose to £1
Read moreAlpha chairman raises stake
30th Sep 2009 16:57
Colin Barrow, the chairman of Alpha Strategic, which acquires shares in hedge fund management businesses, increased his stake in the group to nearly 14%. Barrow purchased 65,000 ordinary shares at a price of 106p per share. He has increased his stake to 625,000 shares, which represents 13.83% of th
Read moreCharles Stanley posts 10% rise in FuM
28th Jul 2009 10:09
Stockbroker Charles Stanley reported a 10% rise in funds under management (FuM) in the first quarter but said it is difficult to predict how much longer the current conditions will prevail. Total client funds under investment management or administration rose to £9.9bn at 30 June from £9bn at 31 Ma
Read moreFriday tips round-up: Premier Farnell, Charles Stanley, Park
12th Jun 2009 06:44
Electronic components distributor Premier Farnell shares trade at just a touch over their year lows, which places them in cheap territory. If you believe the latest reports that indicate the recession has reached its nadir, now is probably a good time to dip your toe back into groups such as Premi
Read moreLondon close: Banks boost Footsie late
11th Jun 2009 16:33
London rallied strongly late on, helped by gains for banks, which outweighed profit taking among the big mining stocks and weakness among oil users as the price of crude rose again. Speculation is growing about the timing of the government's withdrawal from ownership of large stakes in Royal Bank
Read moreLondon afternoon: Banks in demand
11th Jun 2009 14:47
London is having a languid day, with Footsie lacking direction. Banks are strong but their gains are counterbalanced by losses on mining stocks. Banks are in focus as speculation grows about the timing of the government's withdrawal from ownership of large stakes in Royal Bank of Scotland (RBS), L
Read moreLondon midday: Leading shares remain mixed
11th Jun 2009 11:54
Leading shares continue to tread water, with little sign of strong influence from Wall Street, which is expected to open moderately firmer. Home Retail Group is slightly off the pace after this morning's trading statement. The retailer said both Argos and Homebase enjoyed better than expected sales
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