London close: Stocks close higher after choppy day
1st Sep 2011 16:39
The FTSE 100 finished in the blue having flitted between positive and negative territory for much of the day. Wealth manager Hargreaves Lansdown was the star performer after its results. Assets under administration climbed 41% in the year ended 30 June. The wealth management firm hiked its dividen
Read moreLondon midday: FTSE 100 falls but RBS leads banking surge
1st Sep 2011 12:30
London's leading share index has drifted into the red following strong gains earlier in the week, but there are still some notable risers. Wealth manager Hargreaves Lansdown has raced ahead. Assets under administration climbed 41% in the year ended 30 June. The wealth management firm hiked its div
Read moreLondon open: Miners drag Footsie lower
1st Sep 2011 08:30
The FTSE 100 began September trading on a dull note, falling lower in the opening minutes on Thursday, with the mining sector largely to blame. The mining sector dropped as copper, gold and silver prices declined. Fresnillo, Lonmin and Randgold Resources were among the worst performers. Sector pe
Read moreCarnival begins share buy-back
1st Sep 2011 07:47
Cruise operating giant Carnival is to enter into a closed period share repurchase programme, the firm announced on Thursday. In an extremely short statement with limited details, Carnival revealed that it has entered into an "irrevocable, non-discretionary programme to puchase ordinary shares of Ca
Read moreCarnival orders giant new cruise liners
3rd Aug 2011 11:45
Cruise operator Carnival has ordered three new cruise ships, which will be the biggest ever built for its Costa and Aida cruise lines. Italian shipbuilder Fincantieri will construct one 132,500-ton vessel for its Costa Cruises brand. The 3,700-passenger ship is scheduled for delivery in October 20
Read moreFriday newspaper round-up: Murdochs, Volcker, BHP Billiton
15th Jul 2011 06:09
Rupert and James Murdoch are to be sued personally for their handling of the phone-hacking debacle, it emerged on Thursday night as the family's woes intensified on both sides of the Atlantic. They will have to answer claims personally that they neglected their "fiduciary duty", rather than have New
Read moreLondon close: Big gains as updates impress
21st Jun 2011 16:41
Hopes that the Greek debt crisis could be resolved coupled with some strong company statements had the top share index posting big gains by the close of play. Cruise operator Carnival's shares steamed ahead in the afternoon, after the company revealed that second quarter revenues grew by $353m in t
Read moreCarnival's Q2 sales rise, but fuel costs dampen profits
21st Jun 2011 14:56
Cruise operator Carnival's shares steamed ahead after the company revealed that second quarter revenues grew by $353m in the three months ended 31 May. Shares rose by 4.5% shortly after the announcement at 14:30 on Tuesday afternoon. Second quarter revenues grew from $3.3bn to $3.6bn, due to incre
Read moreBroker tips: Tesco, Carnival, Aveva
14th Jun 2011 12:24
Matrix has kept its 'reduce' rating on supermarket titan Tesco, saying that it expects the shares to underperform, given that the first quarter figures missed estimates. He says that non-food is a big underlying drag - down 5% on a like-for-like basis - given that it accounts for around a fifth of
Read moreBroker snap: Nomura slashes target for Carnival by 13%
14th Jun 2011 09:35
Nomura has pulled back its target price for cruise operator Carnival from 3,250p to 2,820p, after the company cut its fiscal-year (FY) earnings guidance ahead of its second quarter results next week. Carnival reported on Monday that compared with previous FY2011 earnings per share (EPS) guidance gi
Read moreLondon close: Flat finish as Carnival and Imperial warn on profits
13th Jun 2011 17:07
Shares finished slightly higher on another choppy day for the FTSE 100, with bid-talk surrounding ENRC helping offset profit warnings from Imperial Tobacco and Carnival. Imperial Tobacco fell back after it slashed profit expectations for its Spanish business as competition in the country forced it
Read moreArab conflicts to hit Carnival
13th Jun 2011 15:23
The impact of conflicts in the Arab World and the earthquake and nuclear disaster in Japan have prompted cruise operator Carnival to lower its profit guidance for the second half of 2011. It will cost the company an additional $0.15 a share in the second half, said Carnival, which added that fuel p
Read moreLondon close: FTSE 100 outshines overseas stocks
6th Jun 2011 16:38
London's leading share index was an island of blue in a sea of red Monday after the IMF's endorsement of the government's deficit-cutting programme. The soft housing market and the effects of fiscal consolidation will continue to weigh on UK growth after a flat 6 months to 31 March, the IMF predict
Read moreFTSE 100 movers: Glencore rises, Lloyds drops
6th Jun 2011 15:24
Glencore, the newly-listed commodity trading house, is the top riser, helped by Deutsche Bank issuing a 'buy' recommendation on the stock. Meanwhile, Lloyds Banking Group is heading the other way, trading at its levels not seen since last February, on the back of reports over the weekend that chief
Read moreLondon close: FTSE 100 slumps after US jobs shock
1st Jun 2011 16:38
After a directionless start, the top share index fell deep into the red ahead of the close, with some unfavourable US economic data denting sentiment. Rio Tinto held out to finish with gains. The mining giant announced today that it is to establish a large-scale presence in commodity hungry China
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