Friday preview: Carnival, Keller, Public Sector Finances
17th Dec 2009 15:49
Having sailed through choppy conditions for much of the year cruise operator Carnival said third quarter revenues were more buoyant than anticipated, and responded by lifting full year 2009 earnings guidance to between $2.16 and $2.20 a share from a previous range of $2.00 to $2.10. Broker Charles
Read moreSunday newspaper round-up: Cadbury, Barclays, Bonuses
13th Dec 2009 11:20
Crunchie to Crème Egg chocolate maker, Cadbury, will tomorrow unveil its formal defence document, spelling out why the future is so creamy that it doesn't need Kraft Food's £10bn hostile takeover bid which has caused a furious response. Chairman Roger Carr and chief executive Todd Stitzer are expect
Read moreWeek Ahead: Whitbread, Carnival, Kesa
11th Dec 2009 09:42
Hotel and coffee chain group Whitbread is set to issue a third quarter trading update on Monday, and once again the performance of the company's Costa Coffee chain is expected to be a highlight. The company is so enamoured of the coffee business that it is looking to expand in eastern Europe by mea
Read moreLondon close: Footsie dips into the red
23rd Sep 2009 17:05
A late swoon saw London's blue-chip index give up the gains of the morning to close marginally lower on the day, as investors banked profits ahead of the Federal Reserve's decision this evening on US interest rates and its quantitative easing (QE) programme. The morning's gains had been achieved on
Read moreLondon afternoon: Footsie nears intra-day high
23rd Sep 2009 14:01
The market's climb regained momentum over the lunchtime session. Investors have been put in the mood to buy by the prospect of the Bank of England increasing its quantitative easing programme some time in the future. The minutes to the most recent meeting of the Bank of England's Monetary Policy co
Read moreLondon midday: Market rises despite cash calls
23rd Sep 2009 11:55
The market is off the top but still in positive territory, despite a flood of fund raising announcements this morning. Property group Liberty International shares have been hit by a placing today of up to 56.1m new shares, increasing its shares in issue by just under 10%. The fund raising comes l
Read moreLondon close: Shares end up but down from highs
22nd Sep 2009 16:39
London's leading shares finished with slight gains but were well below earlier highs as miners eased back slightly. Eurasian Natural Resources, Lonmin, Xstrata and Vedanta Resources still posted healthy gains, while precious metals miners Fresnillo and Randgold Resources were also on the climb. R
Read moreCarnival lifts guidance as profit beats expectations
22nd Sep 2009 14:59
Shares in cruise operator Carnival are buoyant after net income for the third quarter came in ahead of expectations. Net income for the period totalled $1.1m, or $1.33 per diluted share, compared with $1.3bn, or $1.65 a share, over the same period the previous year. Revenue fell to $4.1bn from $4.
Read moreFTSE 100 movers: Carnival climbs on upgrade
22nd Sep 2009 14:31
Bank of America Merrill Lynch has added Carnival to its 'Europe 1' list of preferred stocks ahead of the cruise ship operator's third quarter results due out Tuesday afternoon. The cruise company has been hard hit by various issues such as the credit crunch and swine flu in the last couple of year
Read moreLondon afternoon: Shares off the top
22nd Sep 2009 14:07
Shares drifted lower over the lunchtime session but are still up on the day, helped in no small part by the strength of miners, which are rising in line with firmer metals prices. Rio Tinto is wanted after it sold off another chunk of Alcan. The heavily indebted miner sold Alcan Composites, part of
Read moreBroker tips: Carnival, Tullow, JD Sports
22nd Sep 2009 12:47
Bank of America Merrill Lynch has added Carnival to its 'Europe 1' list of preferred stocks ahead of the cruise ship operator's third quarter results due out Tuesday afternoon. The cruise company has been hard hit by various issues such as the credit crunch and swine flu in the last couple of years
Read moreBroker snap: Get on board Carnival
22nd Sep 2009 12:45
Bank of America Merrill Lynch has added Carnival to its 'Europe 1' list of preferred stocks ahead of the cruise ship operator's third quarter results due out Tuesday afternoon. The cruise company has been hard hit by various issues such as the credit crunch and swine flu in the last couple of years
Read moreLondon midday: Rio's assets sale continues
22nd Sep 2009 12:10
Miners continue to lead the market higher as investors return to the market after yesterday's pause for breath. Rio Tinto is wanted after it sold off another chunk of Alcan. The heavily indebted miner sold Alcan Composites, part of the Alcan Engineered Products division, to Swiss firm Schweiter Tec
Read moreFTSE 100 movers: Schroders leads the pack
29th Jul 2009 11:32
Fund manager Schroders leads the FTSE 100 higher after saying it is seeing strong demand for its European corporate bond product, prompting Morgan Stanley to upgrade the stock. Rexam is the heaviest faller. The packaging giant's well -flagged right issue has been launched with the firm looking to r
Read moreLondon close: US economic data hits Footsie
30th Jun 2009 16:26
It looked like another flat day for the FTSE 100 heading into the second half of the year until shares took a sharp dive following some unappetizing economic date in the US. The US Conference Board's index of consumer sentiment fell to 49.3 in June, down from a revised 54.8 in May. Economists had b
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