London close: US jobs data lifts sentiment
24th Nov 2010 16:44
Footsie put its early uncertainty behind it to close with good gains, helped by strong jobs figures from the US which cheered global markets following the jitteriness of the last couple of days. First-time jobless claims fell by a bigger than expected 34,000 to 407,000 in the week ended 20 November
Read moreLondon afternoon: Rolls celebrates another big order
24th Nov 2010 14:36
Barely a dozen or so FTSE 100 constituents are in the red today as the blue-chip index sets about clawing back some of the losses of the last two days, despite continued concerns about the Irish debt crisis and the military tensions in Korea. Better than expected jobs data from the US put investors
Read moreLondon close: Late recovery not quite enough
19th Nov 2010 16:57
Shares recovered heading into the weekend but not enough to haul the leading share index into the blue. Outsourcing giant Capita, which yesterday said revenue growth in the second half of 2010 had been subdued due to government cuts in public spending, suffered more falls today. Miners continue to
Read moreLondon afternoon: Stocks still struggling
19th Nov 2010 15:31
A poor start on Wall Street has done nothing to help a recovery in London where the leading index is stuck near 5,700. Outsourcing giant Capita, which yesterday said revenue growth in the second half of 2010 had been subdued due to government cuts in public spending, is suffering more falls today.
Read moreFTSE 100 movers: Banks and miners await Irish news
19th Nov 2010 13:49
Banks and miners are weak as the market awaits news of financial help for Ireland. BHP Billiton, Kazakhmys and ENRC head the mining fallers. Standard Chartered, Barclays and Lloyds are all sharply lower. Outsourcer Capita, which yesterday said revenue growth in the second half of 2010 had been su
Read moreLondon midday: Footsie stuck in the red as miners weigh
19th Nov 2010 12:11
Footsie remains firmly in the red amid losses in the mining sector. Outsourcing giant Capita, which yesterday said revenue growth in the second half of 2010 had been subdued due to government cuts in public spending, is suffering more falls today. Miners Rio Tinto, BHP Billiton, Kazakhmys and Angl
Read moreLondon open: Struggle in early trade
19th Nov 2010 08:31
An early retreat follows losses for the mining heavyweights, though it's Capita that leads the fallers Friday. Outsourcing giant Capita yesterday said revenue growth in the second half of 2010 had been subdued due to government cuts in public spending. Rio Tinto, BHP Billiton, Kazakhmys and Anglo
Read moreBroker tips: Capita, easyJet, Lonmin
18th Nov 2010 13:56
KBC Peel Hunt expects to revise down its full year revenue forecast for outsourcing specialist Capita but is still high on the medium and long term prospects of the company. "Overall trading remains solid despite subdued revenue growth, and margins are progressing, thanks to internal efficiencies a
Read moreFTSE 100 movers: Legal cheer for BA
18th Nov 2010 13:09
British Airways has perked up after the Court of Appeal said that hundreds of air cargo customers could not come together to sue the airline. They wanted to join together in order to pursue a class action law suit relating to BA's involvement in a price-fixing cartel. Last week, BA was fined €104m
Read moreBroker snap: Capita still a long term winner
18th Nov 2010 12:46
KBC Peel Hunt expects to revise down its full year revenue forecast for outsourcing company Capita but is still high on the medium and long term prospects of the company. "Overall trading remains solid despite subdued revenue growth, and margins are progressing, thanks to internal efficiencies and
Read moreLondon open: Strong start for FTSE 100
18th Nov 2010 08:25
Shares have got off to a strong start as traders avert their eyes from the ongoing Irish debt saga and pay attention to today's stream of company updates. SABMiller is fizzing after a strong performance in all regions but Europe helped the brewing giant post a rise in profits in the half year to Se
Read moreLondon pre-open: Footsie to shrug off Wall St. swoon
18th Nov 2010 07:31
London looks set to take its cue from Asian markets, which put in a strong display overnight, rather than Wall Street, which put on a flaccid display yesterday. City traders expect the FTSE 100 to open around 44 points up from last night's close. A strong performance in all regions but Europe help
Read moreSpending cuts bite into Capita
18th Nov 2010 07:08
Business process outsourcing colossus Capita said revenue growth in the second half of 2010 has been subdued, but the bid pipeline is at a record level. The company said the pressures on public spending are having a bigger than expected impact on a small number of the group's trading activities tha
Read moreFTSE 100 movers: Funds growth for Man
4th Nov 2010 14:04
Hedge fund manager Man Group has risen more than 10% as funds under management grew in the third quarter of 2010. Man reported a rise in funds under management to $40.5bn (£25.2bn) from $38.5bn the previous quarter. The firm says that it was 'due to strong investment performance and favourable FX m
Read moreLondon close: US breathes life back into Footsie
1st Nov 2010 16:42
A good early performance from Wall Street helped Footsie snap out of a weak spell to close in positive territory. US shares were boosted by a bigger than expected rise in factory output in October. The Institute for Supply Management's manufacturing index rose to 56.9 last month. Analysts thought
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