London open: Cairn, financials weigh on Footsie
24th Jan 2012 08:32
UK stocks fell in early trading on Tuesday, giving up some gains made yesterday, as talks in Greece continue to drag on. Despite banks and other private institutions represented by the Institute of International Finance (IIF) having presented yesterday what they considered to be their "maximum offe
Read moreChemring bucks defence cuts but investors take flight -UPDATE
24th Jan 2012 07:19
Military equipment maker Chemring saw revenues and profits rise in 2011 despite cutbacks in defence spending in its biggest markets. Underlying profit before tax was up 6% to £125.6m in the year to the end of October. Revenues were up 25% to £745.3m compared to the year before, allowing the firm t
Read moreFTSE 250 movers: Invensys in bottom spot
13th Jan 2012 13:25
Engineering and software group Invensys found itself in last place following a profit warning. A disappointing 12 months has got a lot worse as the company issued a warning on profits after uncovering a number of problems with the delivery of contracted work. Shares dropped nearly 21% after the co
Read moreChemring sees Italian contracts extended for €38m
13th Jan 2012 07:13
Military equipment maker Chemring has been awarded further contracts worth €38m for the delivery of 81mm pyrotechnic illumination mortar rounds. Existing contracts with awarded to the firm's Italian subsidiary, Simmel Difesa, which were previously valued at €24.5m, will now be adjusted and extended
Read moreLondon close: Footsie extends losing streak
22nd Nov 2011 16:42
After spending almost all of the day in the blue and threatening to end a six-day losing streak, Footsie tumbled at the death to extend its miserable sequence. Disappointing third quarter gross domestic product data from the US played a part in London's late swoon. The second estimate for third qu
Read moreFTSE 250 Movers: Thomas Cook in talks with its bankers
22nd Nov 2011 13:15
Shares in travel firm Thomas Cook continued their downward spiral after the firm said it was in talks with its banks about borrowing more money. Shares dropped over 50% from the outset and were trading nearly 70% lower in the afternoon. Thomas Cook said it was going back to its banks because of a
Read moreLondon midday: Miners on the rise, defence stocks down on US fears
22nd Nov 2011 12:23
London's blue chip index held on to gains in morning trade, recovering after a six-day sell-off. While markets are still concerned with the ongoing troubles in the Eurozone, fears over the credit rating of the US eased after Standard & Poor's and Moody's reiterated their ratings last night. Neverth
Read moreBroker snap: Credit Suisse cuts Chemring's target, but stays at outperform
21st Nov 2011 12:33
Military equipment maker Chemring is still in the good graces of analysts at Credit Suisse, although less so than before its most recent trading statement, last Friday. Credit Suisse has decided to cut its 2011 and 2012 estimates for earnings per share from Chemring due to the 7% sales miss announ
Read moreDigital Look broker talk
21st Nov 2011 12:09
Centrica: "Centrica has today announced major moves in the gas market. We believe that these are good moves that will underpin Centrica's position on both the Upstream and Downstream side" [Investec]. Phoenix Group: "Any takeover of Phoenix would also represent the hope that more cash could be sque
Read moreMonday broker round-up - UPDATE
21st Nov 2011 08:23
RBS: Banco Espirito Santo lowers to neutral, cuts target to 22p from 51p. Centrica: Investec puts target price under review, buy rating unchanged. Capita: Credit Suisse cuts target from 780p to 770p, outperform rating kept. Capital Shopping Centres: Seymour Pierce maintains reduce stance and 324
Read moreLondon close: Footsie finishes down 3.28% on the week
18th Nov 2011 16:23
In quite a volatile trading session, the Footsie finished over 1% lower on Friday. For the week, the top share index closed down 3.28% on last Friday's close of 5,545, after a steady five-day fall on the back of a lack of progress in Eurozone. UK-GERMAN MEETING, DRAGHI EXPRESSES CONCERNS Britain'
Read morePremier Foods director bites again
18th Nov 2011 16:02
Ian Deste, group sales director at struggling firm Premier Foods, has served himself up a helping of shares. The director purchased 186,746 shares 5.20p just a few weeks after the firm's bankers agreed to defer the company's end-of-year loan covenant tests by three months, in a move which forms pa
Read moreFTSE 250 Movers: Chemring comes under fire
18th Nov 2011 15:21
Military decoy flare and mine detection firm Chemring was the biggest faller after it said unexpected delays in customer orders means full-year revenues will be around 5% below the board's expectations, while operating profit will be shy of market projections. In contrast, struggling foods manufac
Read moreLondon midday: Five-day fall for Footsie
18th Nov 2011 11:57
With Eurozone troubles continuing to provide a drag, the Footsie had tumbled 1% by midday on Friday to 5,366, an intraday level not seen since last Thursday. This is now the fifth consecutive day of falls for London's blue chip index, which has steadily declined from last Friday's closing price of 5
Read moreDelays and uncertainties hit Chemring
18th Nov 2011 10:42
Military decoy flare and mine detection firm Chemring was under fire on Friday morning after it said unexpected delays in customer orders means full-year revenues will be around 5% below the board's expectations, while operating profit will be shy of market projections. The delays related to custom
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