Carnival lowers earnings guidance
22nd Mar 2011 17:18
Cruise operator Carnival has had a hard time of it of late as the oil price continues heading north at pace, and it predicts that increased fuel costs for the current financial year will put a 45 cent dent in earnings per share (EPS). On the plus side, exchange rates have moved in the company's fav
Read moreLondon close: Carnival sinks
22nd Mar 2011 16:57
A confident start was derailed by worse than expected inflation figures and a rally in the final hour of trading only brought out profit takers right at the death, leaving Footsie in the red. UK annual inflation rose faster than predicted in February, as surging utility bills drove up living costs.
Read moreLondon close: Strong finish to tough week
18th Mar 2011 16:52
Shares went into the weekend on the front foot after a week that was overshadowed by international events. Libya has acquiesced to the United Nations Security Council's resolution calling for an end to hostilities between government forces and the rebels. The United Nations Security Council voted
Read moreLondon afternoon: Oil guzzlers welcome Libyan ceasefire
18th Mar 2011 14:03
The market's advance regained impetus over the lunchtime session as news came through of a ceasefire in Libya. Libya has acquiesced to the United Nations Security Council's resolution calling for an end to hostilities between government forces and the rebels. The United Nations Security Council
Read moreLondon midday: Shares rise after Japan intervention
18th Mar 2011 12:23
Shares are on the rise again today, helped by international financial intervention to help Japan following its catastrophic earthquake. The seven leading industrialised nations have taken concerted action to stop the rise of the Japanese yen. Monetary authorities in Japan, Europe, Britain and the U
Read moreBroker tips: Carnival, Wetherspoon, reinsurers
14th Mar 2011 12:57
Although Nomura has reduced its target price for Carnival - after the cruise operator lowered its guidance as a result of rising fuel costs - the broker stays with a 'buy' rating. The first quarter results came in at the top end of the guidance range, but the group downgraded its full year earnings
Read moreBroker snap: Carnival still a buy despite uncertainty
14th Mar 2011 10:19
Although Nomura has reduced its target price for Carnival - after the cruise operator lowered its guidance as a result of rising fuel costs - the broker stays with a 'buy' rating. The first quarter results came in at the top end of the guidance range, but the group downgraded its full year earnings
Read moreLondon close: Japan gloom stifles rally
11th Mar 2011 16:41
The devastating earthquake in Japan this morning overshadowed today's trading but shares struggled to climb into the blue and finished just a few points short. The tsunami resulting from the earthquake has already killed a large number of people in Japan, with police in the port of Sendai reporting
Read moreCarnival lowers guidance on oil price
11th Mar 2011 16:00
Cruise operator Carnival has lowered its full-year guidance after surging oil prices and turmoil in the Arab world. It now predicts earnings per share of $2.50 to $2.60 for the full year, sharply lower than the previous envisaged range of $2.90 to $3.10. Carnival provided initial guidance in Decem
Read moreLondon afternoon: Rally runs out of steam
11th Mar 2011 14:29
An attempt at continuing the late-morning rally fizzled out over the lunch time session, but prices are not as soft as might be expected given the array of bad news out there, such as the Japanese earthquake, the Libyan situation and the continuing concerns about European sovereign debt. The insura
Read moreLondon close: Lower finish as Libya turmoil persists
4th Mar 2011 16:56
The top share index closed in the red going into the weekend as the spectre of high oil prices remerged amid continuing turmoil in Libya. Brent crude rose above $116 a barrel as the conflict in Libya continues. Government forces have been cracking down on protesters in Tripoli and there have been c
Read moreLondon close: Shares soar on Libya deal hopes
3rd Mar 2011 16:39
Reports that the Libyan situation might be resolved through mediation rather than violence sent UK shares sharply higher. The Arab League is said to be considering a proposal to end the fighting in Libya sending oil prices higher. Heavy oil users such as airline International Consolidated Airlines
Read moreLondon afternoon: Footsie cruises towards 6,000
3rd Mar 2011 14:13
Footsie has 6,000 within its sights once more as stocks bounce back strongly on hopes that the Libyan situation might be resolved. Reports that the Arab League is considering a proposal to end the fighting in Libya have boosted sentiment, and has sent the price of oil into reverse. Heavy oil users
Read moreLondon close: Shares in late dive as Mideast worries resurface
1st Mar 2011 16:43
The spectre of higher oil prices sent a chill down traders' spines late in the afternoon, sending shares plummeting into the red. The turmoil in the Arab World is behind the spike in crude, with a barrel for April delivery rallying towards $100 in New York. Worries over the possibility of protests
Read moreAnglo American boss digs deep again
28th Feb 2011 17:57
Anglo-American's chairman Sir John Parker has added to his stake in the company again with the purchase of nearly £100,000 in shares. He bought 2,890 at 3,282.5p a time. Last week he bought 3,000 at 3,238p each. Anglo American announced earlier this month that it is merging its UK cement, aggregat
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