London close: Shares slump as Libya worries linger
23rd Feb 2011 16:52
More weakness in the US helped send shares in London sharply lower, with the Libyan crisis and the consequent higher oil price weighing on sentiment. Brent crude for April delivery surged to more than $109 per barrel shortly after 2pm, though it has dipped down below $109 again since then. The $3+
Read moreLondon afternoon: Oil lubricates slippery slope
23rd Feb 2011 14:22
An attempted rally in the morning was already fizzling out as the afternoon started, and prices continued to drift lower over the lunchtime trading session, as investors continue to fret about the higher oil price. Brent crude for April delivery surged to more than $109 per barrel shortly after 2pm
Read moreLondon midday: Shares stuck lower amid Libya worries
23rd Feb 2011 12:02
The higher oil price amid continuing turmoil in Libya is helping to keep shares in the red, though company updates have been given a mixed reception. Brent crude hit over $107 per barrel, up 1% today, as the violence and rhetoric in Libya increased. Libyan leader Muammar Qaddafi vowed to fight a gr
Read moreNon-execs show confidence in Devro
22nd Feb 2011 16:53
Buying by Devro directors has kept the share price rising after yesterday's annual results from the sausage casings manufacturer. The shares rose a further 9% to 265.1p each. Chairman Steve Hannam bought 16,616 shares at 240p each, taking his stake to 149,306. The total investment was nearly £39
Read moreLondon close: Shares fall as Libya crisis intensifies
21st Feb 2011 16:53
The top share index was nursing big losses at trading's close as worries over the turmoil in Libya sent the oil price soaring and continued high usage of the European Central Bank's marginal lending facility stoked nervousness over banks. Banks are granted the right to seek overnight loans from th
Read moreLondon afternoon: ECB emergency loans give banks jitters
21st Feb 2011 14:26
Concerns about rising oil prices should Libya descend into civil war are nagging away at investors, while continued high usage of the European Central Bank's marginal lending facility is making traders nervous about banks. Banks are granted the right to seek overnight loans from the European Centr
Read moreLondon midday: Banks hold back FTSE 100
21st Feb 2011 12:12
Shares are in the red as banking stocks fall back and the turmoil in the Arab world casts a shadow. Banks are the main drag, with RBS, Lloyds and Barclays nursing losses following gains last week. RBS and Lloyds are due to release results later this week. The oil price has topped $104 a barrel as
Read moreBroker tips: Carnival, JD Sports, JKX
7th Jan 2011 13:14
Nomura expects cruise operator Carnival to recover the pricing power lost during the recession caused by the booking curve, and raises its earnings estimates for 2011. The Japanese broker says that Carnival's results during 2010 have reflected this recovery, with net revenue yields at constant curr
Read moreBroker snap: Carnival to recover lost ground
7th Jan 2011 10:26
Nomura expects cruise operator Carnival to recover the pricing power lost during the recession caused by the booking curve, and raises its earnings estimates for 2011. The Japanese broker says that Carnival's results during 2010 have reflected this recovery, with net revenue yields at constant curr
Read moreThree Encore directors cut stakes by 20%
6th Jan 2011 17:32
Three directors of the UK-based oil and gas group Encore Oil have sold more than 4m shares collectively in a sale that reduced their stakes by around 20%. Chief executive Alan Booth sold 1.55m shares at 143p each to net £2.2m. Eugene Whyms, finance director, sold 1.5m shares at 142p each to generat
Read moreLondon close: Footsie has 6,000 in its sights
22nd Dec 2010 17:23
Leading shares tended firmer throughout the afternoon session leaving the blue-chip index well placed to break through the 6,000 barrier tomorrow if it enjoys another day like today. Shares shrugged off the disappointment of a downward revision to third quarter gross domestic product (GDP) data. UK
Read moreLondon afternoon: Shares steady after strong run
22nd Dec 2010 14:24
The top share index is holding onto its gains, continuing to sit near 2½-year highs. There has been some big economic news, but the market was largely unmoved. Third quarter UK gross domestic product (GDP) rose 0.7%, revised figures show. Previously third quarter GDP growth had been estimated at 0.
Read moreFTSE 100 movers: BSkyB on the up
22nd Dec 2010 13:19
British Sky Broadcasting is higher after Business Secretary Vince Cable had to give up the right to make the decision on Rupert Murdoch's bid for the satellite broadcaster. Cable was stripped of his power to rule on News Corporation's takeover of BSkyB after telling undercover reporters he had "de
Read moreLondon midday: FTSE 100 nears 6,000 points
22nd Dec 2010 12:02
The top share index is still in the blue by a few points sitting near levels not seen since the first half of 2008 and creeping ever closer to the 6,000 point mark. On the economic front, third quarter UK gross domestic product (GDP) rose 0.7%, revised figures show. Previously third quarter GDP gro
Read moreLondon close: FTSE 100 hits new highs
21st Dec 2010 16:36
The leading share index closed just off its highest levels since the first half of 2008, before the global economic crash, after banks and miners led another day of gains. With copper prices at a record in London on hopes that strength in the US will help sustain global economic growth, miners such
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