London midday: Prices drift lower
25th Jun 2009 12:13
Shares continue to drift lower despite expectations of a firm start on Wall Street. Asia-focused bank Standard Chartered eases back, despite enjoying record income and operating profit in the first five months of this year. Some of this success has been offset by weakness in consumer banking, howe
Read moreSector movers: Construction stocks move ahead
25th Jun 2009 11:13
Support services group Northern Bear is one of the companies leading the construction and materials sector higher, but with three other companies reporting, the sector is mixed. Northern Bear, up 11%, posted a rise in profits despite tough trading, helped by its exposure to specialist businesses su
Read moreLondon open: Miners drop early on
25th Jun 2009 08:10
London's top stocks are lower in early dealings Thursday following a weak finish in the US last night, with miners among the main fallers. Lonmin, Antofagasta and Eurasian Natural Resources are all stuck in the red. Elsewhere in the sector, the Times is reporting that Xstrata has stepped up its cam
Read moreLondon pre-open: Early dip on the cards
25th Jun 2009 07:40
A weak finish in the US last night will send London around 10 points lower in early deals, according to futures prices. BP has appointed Carl-Henric Svanberg, currently chief executive officer of Swedish telecommunications company Ericsson, to replace Peter Sutherland as chairman. Svanberg, who is
Read moreCostain order book picks up
25th Jun 2009 07:03
Engineering and construction group Costain said trading has continued in line with expectations, helped by some large contracts with blue chip and public sector customers. It said its forward order book stands at a record £2.4bn, up by 20% compared with 30 June last year, including £900m of work se
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