London afternoon: Footsie still going strong
21st Dec 2010 15:12
Footsie is still going strong after a decent start on Wall Street. The 6,000 point mark - not seen since the first half of 2008 - is in sight. With copper prices at a record in London on hopes that strength in the US will help sustain global economic growth, miners such as India's Vedanta and Mexic
Read moreCarnival cruises higher after profits rise
21st Dec 2010 15:02
Shares in Carnival steamed ahead after the cruise operator posted strong earnings for the fourth quarter and issued a bullish update for 2011. The company, which operates P&O and other brands, was helped by a gradually recovering economy. Fourth quarter earnings rose to $31 a share from $0.24 in
Read moreTuesday Preview: Carnival still cruising
20th Dec 2010 16:20
Company news is drying up heading into the Christmas break, but at least one-big hitter will be updating the market. Cruise operator Carnival's fourth quarter numbers are expected to confirm positive trends. In the third quarter, the operator of P&O and several other cruise brands said pre-tax pr
Read moreFTSE 100 movers: Ex-dividend declines
17th Nov 2010 13:38
Footsie's fallers are dominated by shares that are going ex-dividend. Marks & Spencer, Carnival, Sainsbury and Vodafone have all gone ex-dividend today. Retailer Marks & Spencer is paying an interim dividend of 6.2p a share but the share price has fallen by nearly double the amount of the dividen
Read moreBroker tips: Mid-cap income plays, Carnival, Speedy Hire
8th Oct 2010 13:15
Broker Charles Stanley has run the microscope over constituents of the FTSE 250 index looking for key income buys and come up with five likely candidates. Though the broker was looking at stocks primarily for their attractive yields, it makes a good case for diving into the FTSE 250 for capital app
Read moreBroker snap: Above average yield growth seen at Carnival
8th Oct 2010 09:36
Third quarter results announced last week by Carnival were ahead of Nomura's expectations, prompting the broker to raise full year forecasts for the cruise operator. Nomura has upped its earnings per share forecast for the current year by 5% to $2.47 while the 2011 figure has been jacked up by 10%
Read moreLondon close: Footsie turns lower as US nerves kick in
21st Sep 2010 16:33
Footsie fell into the red in late trading as nervousness kicked in on Wall Street ahead of the Federal Reserve's statement on the outlook for the US economy this evening. The Fed will also make its rate decision. In company news here, Cairn Energy was a strong performer after an update of drillin
Read moreFTSE 100 movers: Cairn boosted by Greenland hopes
21st Sep 2010 14:47
Oil and gas explorer Cairn Energy is the best performer even though it has abandoned a well that it drilled in Greenland because it said that the discovery was not commercial. Cairn did say that the presence of both oil and gas confirms an active, working petroleum system in the basin and it believe
Read moreLondon afternoon: Footsie cruises higher
21st Sep 2010 14:27
The blue-chip index edged a little higher over the lunch time session but traders are reluctant to go too far out on a limb prior to the Federal Reserve's rate decision, due to be announced this evening. Dual-listed cruise operator Carnival said third quarter revenues rose to $4.4bn from $4.1bn th
Read moreCarnival profits rise amid strong demand
21st Sep 2010 14:23
Cruise operator Carnival said holidaymakers were still queuing up to book places on its boats in spite of the tough economy as it posted a rise in third quarter revenues and profits. The operator of P&O and several other cruise brands operating in the UK and elsewhere said pre-tax profits in the th
Read moreLondon midday: Slick gains from oil companies
21st Sep 2010 12:04
Footsie has recovered its poise after taking a bit of a knock following disturbing public sector borrowing figures. The measure of public sector net borrowing came in at £15.302bn, up from £14.1bn in August last year, and well ahead of forecasts of £12.51bn. Cairn Energy is the best performer after
Read moreFTSE 100 movers: Pre-results optimism buoys Carnival
20th Sep 2010 18:01
Among today's big movers was Carnival, buoyant ahead of the cruise operator's results tomorrow. Intertek, the company which tests the safety of toys and many other products was boosted by an upgrade to 'outperform' from Seymour Pierce after a well received strategic update from fellow testing group
Read moreLondon close: Second wind lifts Footsie higher
20th Sep 2010 16:40
A strong start on Wall Street ensured Footsie finished with good gains having started the day on a strong footing. US shares moved ahead including housebuilder and economic bellwether Lennar, which beat profit forecasts. Part-nationalised banking giant Lloyds Banking held up well after it was ann
Read moreTuesday preview: Carnival, JD Sports, US rate decision
20th Sep 2010 16:24
The share price of cruise operator Carnival has been steaming higher over the last month, rising 18% or so over the period, but it is still not back to the levels seen before the company's disappointing second quarter update, when the company revealed lower profits and reduced third quarter guidance
Read moreWeek Ahead: Carnival, IMPs, BoE minutes
17th Sep 2010 11:54
Next week looks relatively quiet on the corporate news front. Big guns expected to update the market include cruise operator Carnival, tobacco company Imperial Tobacco and utilities company United Utilities. The second quarter update from Carnival was not well received by the market, as profits fel
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