London close: Strong run continues
13th Sep 2010 16:42
Shares continued rising Monday as they reacted positively to new banking regulations and Chinese economic data. London is up for the fourth session in a row and trading higher for the eleventh day out of twelve, up at a new four-month high. Stocks haven't been this high since 30 April. Banks were
Read moreLondon afternoon: Buyers buzzing
13th Sep 2010 15:27
The leading index is near its best levels of the day following a strong start on Wall Street, fuelled by new Basel III bank rules and impressive Chinese factory output. London is up for the fourth session in a row and trading higher for the eleventh day out of twelve, up at a new four-month high. S
Read moreLondon midday:Miners and banks lift index
13th Sep 2010 12:20
London's strong start to the day has continued with banks, miners and the odd sprinkling of bid talk giving buyers lots to bite on. Banks are among the top risers after a less stringent than feared Basle III decision by the European banking body. Royal Bank of Scotland and Lloyds are both in demand
Read moreBroker tips: AB Foods, Thorntons, Centamin Egypt
13th Sep 2010 11:14
Investors should switch out of AB Foods into Unilever following today's trading update from the sugar giant and Primark owner, advises Charles Stanley. Forecasts of a 6% increase in like for like sales at discount clothes store Primark during the 53 weeks to 18 September is down from 8% rise for th
Read moreBroker snap: Centamin Egypt problems only 'short term'
13th Sep 2010 11:13
Centamin Egypt fell as much as 13% at one stage this morning after revising down 2010 gold production estimates, but Ambrian thinks all the problems are only short term, so keeps its 'buy' stance. Full calendar-year production guidance was dropped from 200,000 ounces (oz) for 2010 to 160-170,000oz,
Read moreLondon open: Banks spur strong start
13th Sep 2010 08:38
Blue chips have moved higher first thing, extending last week's three-day winning streak to a fourth session following Basle III and bullish data out of China. Markets in the Far East surged following news that Chinese industrial production jumped a better than expected 13.9% year on year in August
Read moreCentamin lowers output expectations for 2010
13th Sep 2010 07:44
Centamin Egypt has cut its production estimate for the year by as much as 20% due to machinery failures, lower grade ore and a drop in recoveries. The £2bn firm, mining the Sukari gold deposit in Egypt, has lowered its 2010 guidance to between 160,000 and 170,000 ounces of gold, down from 200,000 o
Read moreFriday tips round-up: Rolls-Royce, Aegis, Travis Perkins
30th Jul 2010 06:55
Rolls-Royce is among the FTSE 100's band of defensives. The shares trade on a multiple of 15.5 times forecast earnings for 2010, putting the stock at the top of end of its historic range. While that may worry some, it's just a reflection of the market's preference for what is a relatively safe and
Read moreSmall caps: Titon, Utd Drug, Vernalis...
29th Jul 2010 14:16
Blinds specialist Titon's revenues for the 3 months to June were 19% higher than the corresponding period last year, with UK sales 15% higher and the rest of the world 37% higher. Growth in the UK came from higher sales of mechanical ventilation systems. There were also increased sales volumes in
Read moreEssar and Barrick go straight into Footsie
9th Jun 2010 18:00
Two of this year's new issues have gone straight into the FTSE 100 index. Essar Energy and African Barrick Gold are the only two new inclusions in the the latest FTSE quarterly changes will further increase the non-UK proportion of the Footsie. The two resources businesses replaced London Stock Ex
Read moreFTSE Review: Essar Energy, African Barrick To Join FTSE100
9th Jun 2010 17:42
LONDON (Dow Jones)--FTSE Group said Wednesday African Barrick Gold PLC (ABG.LN) and Essar Energy PLC (ESSR.LN) are to join the FTSE 100, and Thomas Cook Group (TCG.LN) and London Stock Exchange Group (LSE.LN) will leave the index and join the FTSE 250 Index. MAIN FACTS: -The changes are part
Read moreCentamin Egypt Ups Sukari Gold Project Resource To 10.99M Oz
8th Jun 2010 07:40
LONDON (Dow Jones)--Centamin Egypt Limited (CEY.LN), a gold mining group with operations in Egypt, said Tuesday the Sukari gold in-situ mineral resource has increased to 10.99Moz Measured and Indicated, plus 3.5Moz Inferred MAIN FACTS: -This represents an increased gold resource of 699,000 o
Read moreCapital and Counties bosses lay foundations
14th May 2010 16:29
Bosses at Capital and Counties Properties have been opening their accounts in the real estate firm following its demerger from the property giant Liberty International. Chairman Ian Durant bought 122,347 shares at 1,21.7p a share, paying a total of £148,884, while chief executive Ian Hawksworth, to
Read moreSunday tips round-up: Centamin, Lo-Q, Hill & Smith
9th May 2010 12:03
Gold producer Centamin issued its third-quarter results last week - confirming all was on track to meet its full-year targets. However, if there is any major flight to safety this will cause the dollar to strengthen further, which is a negative for gold. The shares were first recommended on January
Read moreHome Retail boss opens Hammerson account
1st Apr 2010 11:20
Terry Duddy, chief executive of Argos and Homebase owner Home Retail Group, has opened his account at Hammerson having joined the board of the shopping centre operator in December. He took 20,000 shares at 394p a time in his first purchase of shares in the company, paying a total of £78,800. In a
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