FTSE 100 movers: Brazilian optimism for BG
1st Oct 2010 13:40
BG is higher after its Spanish peer Repsol announced a deal with the Chinese refiner Sinopec, which will result in Sinopec holding a 40% stake in Repsol's Brazilian unit. BG and Repsol have been exploring for oil in the waters of Brazil in partnership and the deal is thought likely to be beneficia
Read moreFriday tips round-up: ICAP, Compass, Finsbury Foods
1st Oct 2010 06:07
Icap's shares took a fall yesterday, largely because its failure to do anything more than meet expectations after rallying sharply since February's 40 per cent slump. The recent development of an electronic market for euro interest rate swaps, by some measures the world's biggest financial market, i
Read moreLondon close: Footsie slumps in last hour
30th Sep 2010 16:48
A last hour slump sent Footsie into the red by the close of a roller-coaster day. The index had been over 50 points higher in mid-afternoon after US second quarter gross domestic product (GDP) was revised upwards to show a 1.7% quarterly increase. But the Dow turned down sharply soon after, draggin
Read moreLondon afternoon: US GDP data jolts Footsie into life
30th Sep 2010 15:02
Leading equities stormed higher after US second quarter gross domestic product (GDP) was revised upwards to show a 1.7% quarterly increase. Although this represented a slow-down from the 3.7% gain in the first quarter economists had not been expecting any improvement on the previous estimated gain,
Read moreFTSE 100 movers: Burberry bid rumours
30th Sep 2010 13:42
Luxury brands supplier Burberry is continuing its strong rise during September. The shares are more than one-fifth higher this month. There are rumours of an overseas bidder. Man has made up much of the loss from earlier in the week when it disappointed the market by admitting that first half pr
Read moreBroker tips: Ryanair, ICAP, Compass
30th Sep 2010 12:56
Attention-seeking no-frills airline Ryanair held an investor day on Wednesday which mainly focused on the company's business model and medium-term strategy, Commerzbank revealed. "Management reiterated its intention to slow down growth until 2013," Commerzbank analyst Johannes Braun said. "Full-ye
Read moreLondon midday: Sluggish Footsie
30th Sep 2010 12:00
Investors are holding fire ahead of this afternoon's release of US gross domestic product data. The downgrading of the credit rating of Spanish sovereign debt came as little surprise and has had minimal effect on sentiment, as has news that the bail out of Anglo Irish Bank could cost Ireland as much
Read moreBroker snap: Revenue growth to continue at Compass
30th Sep 2010 11:58
Charles Stanley has reiterated its recommendation to buy shares in Compass Group after the catering giant released what the broker described as a 'pleasing trading statement'. 'A key point in today's announcement is the improvement in organic revenue growth. This has showed a good recovery from the
Read moreLondon open: Footsie falls back
30th Sep 2010 08:36
Yesterday's drab showing by Wall Street has engendered a cautious mood on this side of the pond, sending London's leading share index into the red. There has been plenty of corporate news for traders to get their teeth into, much of it relating to the food sector. Compass Group has headed south ev
Read moreLondon pre-open: Stocks set to step back
30th Sep 2010 07:31
Yesterday's drab showing by Wall Street has engendered a cautious mood on this side of the pond, and dealers expect the FTSE 100 to open around 25 points down from its close last night. There has been plenty of corporate news for traders to get their teeth into, much of it relating to the food sect
Read moreSales growth accelerates at Compass
30th Sep 2010 07:12
Contract caterer Compass Group has upped its sales growth guidance again after a strong fourth quarter. Having said in late July that organic sales growth this year would be around 2.5% the company now thinks it will be closer to 3%, including the impact of acquisitions. Organic revenue growth for
Read moreThursday preview: Dairy Crest, Compass, ITE
29th Sep 2010 17:04
Milk and cheese producer Dairy Crest saw its shares take a hit earlier this month when rival Robert Wiseman Dairies issued a profit warning. The company felt moved to issue a statement to calm the markets, saying that though the market was "very competitive" it expected to deliver results that were
Read moreShares for Tanzanite One fees
27th Sep 2010 16:39
All five directors of Tanzanite One have taken shares in lieu of directors' fees that they were owed. The directors' fees have not been paid since October 2009. The total unpaid fees to directors and senior management had mounted up to $383,000. The directors' fees were £157,000 of this. The 12p
Read moreFTSE 100 movers: Results push market higher
29th Jul 2010 14:30
A raft of good results has boosted Footsie today. Scientific journals and magazines publisher Reed Elsevier says advertising and promotion markets are stabilising as underlying revenues increased 1% in the first half. AstraZeneca's potential blockbuster heart drug Brilinta has received the backi
Read moreLondon close: Thumbs down for company updates
28th Jul 2010 16:36
Company updates gave traders plenty to mull over and after an uncertain start to the day, shares closed firmly in the red. Centrica slipped even after the British Gas owner's underlying interim profits jumped 65%. Earnings in the half-year to June rose to £886m from £537m on revenues of £11.7bn, ba
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