London pre-open: Footsie to climb higher
17th Mar 2010 07:41
Footsie is expected to make further progress in early dealings following strength on Wall Street late yesterday. Military decoy specialist Chemring has radioed in a 5% increase in trade during the four months to the end of February at constant currency despite taking a hit from snow storms in both
Read moreChemring locks in on target despite weather
17th Mar 2010 07:02
Military decoy specialist Chemring has radioed in a 5% increase in trade during the four months to the end of February at constant currency despite taking a hit from snow storms in both the UK and US. It said deliveries were affected in January and February as bad weather disrupted production in mo
Read moreLondon close: Footsie turns positive
19th Jan 2010 17:22
London's top stocks finished the day above the 5,500 mark after turning positive in afternoon trading. Luxury fashion label Burberry was the best performer of the day after saying it expects profits for the full year to be at the top end of expectations after seeing strong sales in the last three m
Read moreFTSE 250 movers: Chemring on the attack
19th Jan 2010 15:06
Strong demand for military equipment driven by continued conflict in Afghanistan helped the military decoy specialist Chemring post a jump in sales and profits in the year to October 31. The shares are among the best performing in the FTSE 250. Housebuilders are lower the day after Taylor Wimpey ga
Read moreLondon midday: Footsie falls despite Cadbury cheer
19th Jan 2010 12:00
Footsie is in the red, despite strength from Cadbury which has been sweetened by its board's recommendation of a revised offer from US food giant Kraft, as investors mull the latest round of third quarter trading statements. The revised terms for Cadbury are worth around 850p a share and have clea
Read moreLondon open: Weak start from FTSE 100
19th Jan 2010 08:41
London's leading share index has fallen into the red in early dealings after a mixed reception for company updates. Brewer SABMiller and property group Land Securities are among the fallers. Peroni and Grolsh brewer SABMiller saw lager volumes dip slightly in the first nine months of its current
Read moreChemring profits soar on strong sales
19th Jan 2010 07:38
Strong demand for military equipment driven by continued conflict in Afghanistan helped the military decoy specialist Chemring post a jump in sales and profits in the year to October 31. Pre-tax profits climbed to £95.8m from £57.7m. Sales climbed to £503.9m from £354.2m. The Energetics division sa
Read moreFTSE 250 movers: Chemring under attack
18th Jan 2010 13:07
Shares in Chemring are lower ahead of the military decoy specialist's preliminary results tomorrow. Retailers are mixed, with department store Debenhams and carpet and tiling retailer Carpetright higher but video games retailer Game in the red. Newspaper publisher Trinity Mirror and directories g
Read moreChemring bags $34m Canadian Armed Forces order
14th Dec 2009 07:45
Military decoy specialist Chemring said its US subsidiary, Non-Intrusive Inspection Technology, has been awarded a contract worth up to $34m to supply specialist radar systems to the Canadian Armed Forces. NIITEK will supply Canadian Armed Forces with its Husky Mounted Detection System Ground Pene
Read moreLondon afternoon: Equities drift lower
20th Nov 2009 22:49
Around two thirds of the Footsie's constituents are in the red today as the blue-chip index looks set to finish the week lower than it started it. US bank Morgan Stanley has rained on the parade of package tour operators Thomas Cook and TUI Travel. The bank has cut its rating on both stocks, prompt
Read moreLondon close: Volatile Footsie closes lower
20th Nov 2009 16:34
Footsie ended slightly in the red after a topsy-turvy day which saw UK shares at the mercy of the US dollar. Shares in miner Antofagasta resumed their position near the top of the leaderboard after a brief dip into negative territory that came as commodity prices slipped in line with strength in th
Read moreLondon midday: Holiday firms in the shade
20th Nov 2009 12:11
Leading shares lack direction, with Footsie's early advance turning into a retreat, as early gains on mining stocks are pared. The outlook for package tour operators Thomas Cook and TUI Travel is as miserable as London's weather, according to US bank Morgan Stanley, which has cut its rating on both
Read moreLondon pre-open: Stocks set to bounce back
20th Nov 2009 07:41
After yesterday's shake-out, London's leading shares look set to start the final day of the week on a bright note, with the FTSE 100 expected to open around 17 points higher at 5,284. Product quality and safety tester Intertek is in talks to buy the business assurance division of Det Norske Veritas
Read moreChemring strengthens balance sheet
20th Nov 2009 07:01
Weapons group Chemring has completed a private placement of fixed interest loan notes. The company has raised $280m through the issue, which has been taken up by a number of institutional investors. $80m of the loan notes will mature in November 2016, and the remainder will mature in November 2019
Read moreLondon close: Footsie ends weakly
19th Nov 2009 16:46
Footsie turned sharply lower at the close after a very poor start on Wall Street with the Dow down by more than 150 points in the first few hours. Miners bore the brunt of the selling with Antofagasta, Anglo American, Xstrata, Randgold Resources, Rio Tinto and Vedanta all lower. Platinum refiner J
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