London close: Footsie turns lower as US nerves kick in
21st Sep 2010 16:33
Footsie fell into the red in late trading as nervousness kicked in on Wall Street ahead of the Federal Reserve's statement on the outlook for the US economy this evening. The Fed will also make its rate decision. In company news here, Cairn Energy was a strong performer after an update of drillin
Read moreFTSE 100 movers: Cairn boosted by Greenland hopes
21st Sep 2010 14:47
Oil and gas explorer Cairn Energy is the best performer even though it has abandoned a well that it drilled in Greenland because it said that the discovery was not commercial. Cairn did say that the presence of both oil and gas confirms an active, working petroleum system in the basin and it believe
Read moreLondon afternoon: Footsie cruises higher
21st Sep 2010 14:27
The blue-chip index edged a little higher over the lunch time session but traders are reluctant to go too far out on a limb prior to the Federal Reserve's rate decision, due to be announced this evening. Dual-listed cruise operator Carnival said third quarter revenues rose to $4.4bn from $4.1bn th
Read moreMears and British Gas in energy efficiency drive
21st Sep 2010 08:05
Mears and British Gas have joined forces to help improve the energy efficiency of 500,000 council and housing association properties. The two firms will combine to use the funding opportunities under the Carbon Emissions Reduction Target (CERT) and the Community Energy Savings Programme (CESP) to
Read moreLondon close: Footsie gives up gains
17th Sep 2010 16:39
London's leading share index certainly made up for its early sluggishness on the last day of trading this week, but the day ended in disappointment as strong early gains evaporated. As is often the case, it was the US that was mostly responsible. Shares on Wall Street are broadly in the red followi
Read moreLondon afternoon: Footsie goes flat
17th Sep 2010 14:45
The afternoon session has seen Footsie heading backwards and even dipping below last night's level at one stage, and with company news thin on the ground the temptation for traders to make an early start to the week-end must be high. Invensys has been usurped from its position as best performing bl
Read moreLondon midday: Prices come off the top
17th Sep 2010 12:27
Having enjoyed a brief foray above 5,600 Footsie has slipped back below that level as miners come off the top, though the index remains in positive territory on the day. Invensys leads the way overall after the engineer became the exclusive supplier of railway signalling to Chinese rolling stock ma
Read moreLondon open: Footsie pushes higher
17th Sep 2010 09:00
After yesterday's sluggish performance London has more of a spring in its step today. Only three blue chips are down at present, with miners again going well after the late rally on Wall Street overnight. Vedanta and Kazakhmys are the sector stars this morning. Invensys leads the way overall after
Read moreLondon pre-open: Buying interest reawakens
17th Sep 2010 07:34
After yesterday's sluggish performance London looks like it has more of a spring in its step today with traders predicting the Footsie will open around 50 points firmer. British Gas owner Centrica has stepped up its campaign to secure more of its gas supplies. It has doubled its equity interest in
Read moreCentrica inflates gas reserves
17th Sep 2010 07:01
British Gas owner Centrica has doubled its equity interest in the gas and oil producing Statfjord field in the Norwegian sector of the North Sea to 19.13%. The company is buying the non-operated interests of A/S Norske Shell and Enterprise Oil Norge AS (Shell) in the field for a total cash consider
Read moreFTSE 100 movers: ARM recommended
8th Sep 2010 14:59
Broker UBS has issued a downbeat assessment of the European semiconductor market but it makes an exception with chip designer ARM, and has raised its price target for the Cambridge-based firm from 305p to 370p a share. There is also speculation that Samsung is choosing to use ARM technology in new p
Read moreBroker tips: Centrica, Dana, Avingtrans
8th Sep 2010 12:22
Nomura Securities has issued a 'buy' note on British Gas-owner Centrica, and believes the market is undervaluing the group's prospects in the rapidly developing UK home services market. "In conjunction with Delta Energy and Environment we have carried out an in-depth review of the Home Services mar
Read moreBroker snap: Centrica to win the home services race
8th Sep 2010 11:32
Nomura Securities has issued a 'buy' note on British Gas-owner Centrica, and believes the market is undervaluing the group's prospects in the rapidly developing UK home services market. "In conjunction with Delta Energy and Environment we have carried out an in-depth review of the Home Services ma
Read moreLondon close: Footsie little changed
2nd Sep 2010 16:31
Leading shares struggled for direction all day and closed little changed as most blue chips traded sideways. Wall Street was similarly becalmed with the Dow Jones up just one point in the first few hours. European bourses did better as the ECB upped its forecast for eurozone growth for this year an
Read moreLondon afternoon: Bid talk spices up dull day
2nd Sep 2010 14:28
Leading shares are still lacking direction, a condition matched in the US where shares are expected to open mixed. High-flying computer chip designer ARM Holdings is flying a little lower today after Panmure Gordon reiterated its "sell" recommendation and cut its price target for the stock to 265p
Read more