London open: Miners drag Footsie below 5,300
18th Aug 2011 08:34
Just five stocks were making gains at 8.35am on Wednesday, as the blue chip index opened below the 5,300 level. The miners were among the worst performers, with Kazakhmys, Vedanta and Rio Tinto among the heaviest fallers, partially offsetting the gains made yesterday. FTSE 100 mining giants Anglo
Read moreProfits take a tumble at Cineworld
18th Aug 2011 07:36
Profits at cinema group Cineworld dropped by over 40% in the first half, but the firm remained upbeat in regards to its second half and full-year prospects. Pre-tax profit for the six months to 30 June fell to £6.9m, from £11.8m in the first half of 2010, "because of the one-off, non trade related
Read moreThursday preview: Do not expect a blockbuster from Cineworld
17th Aug 2011 16:34
Though Cineworld's web site is vague about the date on which it will announce its interim results, broker Panmure Gordon seems confident that the cinema chain operator is due to report on Thursday. The broker is expecting earnings to be little changed from last year, with profit before tax of aroun
Read moreSunday tips round-up: Kazakhmys, Axis-Shield, 5 post-slump shares
14th Aug 2011 19:43
Kazakhmys operates in Kazakhstan, where it is predominantly a copper miner, though it also produces zinc, silver and gold and operates a major power station. The market for its copper is partly in Europe, but mainly in China, which is an immediate neighbour. Kazakhmys is at risk in the event of a ma
Read moreThursday tips round-up: Hunting, Vodafone, Anite...
30th Jun 2011 06:46
Hunting's global reach has always been among its chief attractions, in our view. And it was on show yesterday, when the oil and gas services group posted an update ahead of its half-yearly results in August. Thanks to its international reach, the group said it was well placed to capitalise on the re
Read moreCineworld hoping for Harry Potter magic
29th Jun 2011 09:26
Cineworld, the cinema chain, says revenues will remain unchanged on the first half of 2010, in line with previous guidance. In a trading statement the company says box office receipts are up 1.1% on the equivalent period last year but retail sales are down 0.7% Much of a cinema's money is made fr
Read moreFinal credits roll for Cineworld's CFO
10th Jun 2011 12:39
Cineworld Group, operator of 78 cinemas in the UK and Ireland, has lost its chief financial officer, Richard jones. In an update Britain's only listed cinema group said "Richard has been with the Company for over 15 years and having achieved all that he wanted to achieve with Cineworld, he now wish
Read moreLondon close: Strong finish as stocks recover
18th May 2011 16:38
Stocks rebounded sharply from the previous day's losses and remained strong at trading's close. Property giant Land Securities towered above the rest of the FTSE 100 after it posted a sharp rise in profits and net asset value in the year to 31 March and predicted continued growth as the recovery pr
Read moreLondon midday: Stocks keep gains
18th May 2011 12:10
Stocks are holding onto their gains after a strong start. Property giant Land Securities towering above the rest of the FTSE 100 after it posted a sharp rise in profits and net asset value in the year to 31 March and predicted continued growth as the recovery proceeds. Pre-tax profits climbed to £1
Read moreLondon open: Stocks rally after Wall Street recovery
18th May 2011 08:40
The top share index has rallied following the recovery on Wall Street ahead of the close last night. Property giant Land Securities towering above the rest of the FTSE 100 after it posted a sharp rise in profits and net asset value in the year to 31 March and predicted continued growth as the recov
Read moreLondon pre-open: London set to bounce back
18th May 2011 07:39
London looks set to claw back some of yesterday's losses, with City traders tipping the top share index will open around 50 points higher and move back above the 5,900 level. Credit checking firm Experian said it met or exceeded all financial objectives last year, as it unveiled a 14% increase in u
Read moreCineworld sales fall as 3D effect fades
18th May 2011 07:06
Revenues at Cineworld took a sharp dive in the 19 weeks to 12 May, though that was more due to a lack of major releases than the impact of tough economic conditions. Total revenues were down by 8.9% from the same period the previous year, when sales were boosted by the 3D films Avatar and Alice in
Read moreWednesday preview: Compass, Cineworld, BoE minutes
17th May 2011 17:59
Contract caterer Compass hopes to be turning up the heat with its interim results on Wednesday. Broker Charles Stanley forecasts pre-tax profits of £510m, up from £462m last year, and EPS of 20p, up from 18p at the interim stage in 2010. The broker has pencilled in 6p for the interim dividend, up
Read moreCineworld moves overseas with Spanish acquisition
7th Apr 2011 13:32
Cineworld is acquiring a Spanish cinema operator in its first move overseas. It is buying Cinesur, the largest operator in Spain's Andalucia region, with 11 multiplexes. Gross assets worth €18.6m (£16.3m) are being acquired, Cineworld said. Spain's cinema market turned over €800m in 2009, accordin
Read moreFriday tips round-up: Standard Life, Cineworld, Clarkson...
11th Mar 2011 06:56
Standard Life suffered a rough session as its shares fell more than 7% after it issued full-year results. Stripping out various one-offs, yesterday's figures came in roughly in line with expectations, with operating profit rising to £425m from £399m a year earlier. Sales of long-term savings were h
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