London open: Footsie follows US stocks lower
22nd Jul 2010 08:24
London's top stocks opened slightly lower on Thursday following falls on Wall Street overnight. US stocks fell back after Federal Reserve chairman Ben Bernanke's testimony to US congress. The Fed chief warned the economic outlook remains "unusually uncertain," but he gave few clues on what measures
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
22nd Jul 2010 07:44
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0644 GMT [Dow Jones] Capita Group's (CPI.LN) half-year results are in line with expectations and pretax profit a shade ahead
Read moreMARKET TALK: Capita Pretax Profit A Tad Ahead Of Consensus
22nd Jul 2010 07:44
0644 GMT [Dow Jones] Capita Group's (CPI.LN) half-year results are in line with expectations and pretax profit a shade ahead of consensus forecasts says an analyst. In particular the company's bid pipeline is up at GBP4.4B, versus GBP3.7B in February '10, which will be well received by the market,
Read moreLondon pre-open: Lower start expected
22nd Jul 2010 07:35
Footsie is expected to open lower following falls on Wall Street overnight. Outsourcing giant Capita said pressures on public spending may affect growth in the short term but it is confident its ability to deliver cost efficiencies will stand it in good stead. "There is buoyant demand for outsourci
Read moreCapita Cautions Of Short-Term Growth But Still Upbeat
22nd Jul 2010 07:24
By Anita Likus Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Capita Group PLC (CPI.LN), the U.K.'s largest provider of business services, on Thursday reported a 15% increase in first-half underlying pretax profit and said that it is well placed to continue growing, but cautioned that public sp
Read moreCapita's pipeline 'buoyant'
22nd Jul 2010 07:03
Outsourcing giant Capita said pressures on public spending may affect growth in the short term but it is confident its ability to deliver cost efficiencies will stand it in good stead. "There is buoyant demand for outsourcing across both the private and public sectors, with the most active markets
Read moreThursday preview: Capita, Autonomy, UK retail sales
21st Jul 2010 17:21
Charles Stanley expects outsourcing giant Capita's interim results on Thursday to show only modest organic turnover growth due to a slowdown in activity in the second half of 2009. It is looking for pre-tax profits of £155m. Capita may also give an update on its impression of the new government's
Read moreLondon close: Good gains for FTSE 100
21st Jul 2010 17:04
Footsie's advance was pared slightly at the close of trading but shares still finished with strong gains. Mining stocks led the advance as copper inventories continue to contract, with Kazakhmys, Antofagasta, Vedanta and Xstrata at the head of the pack. Sticking with the resource sector, mining a
Read moreLondon afternoon: Three-digit gain for Footsie
21st Jul 2010 14:10
Footsie's gain burst through the triple digit barrier over the lunchtime session, helped by expectations of a solid start by Wall Street. Mining stocks lead the advance as copper inventories continue to contract, with Kazakhmys, Antofagasta, Vedanta and Xstrata at the head of the pack. Sticking
Read moreLondon midday: Glaxo sales in line
21st Jul 2010 12:05
Equities ended the morning session in consolidation mode, holding on to the gains racked up in the first two hours of trading, when traders were enthused by the Reckitt Benckiser bid for SSL and forecast busting results overnight from Apple. Reckitt will pay SSL shareholders 1,163p per share with a
Read moreLondon close: Flat finish for FTSE 100
20th Jul 2010 16:42
There was plenty of movement in both directions Tuesday, but Footsie closed just a few points lower. Government spending cuts and their effect on the profits on the big players in the public sector is the day's big story after Cable & Wireless Worldwide warned that the coalition government's emerge
Read moreLondon afternoon: Cautious note from De La Rue
20th Jul 2010 14:25
Footsie lost more ground over the lunch time session with barely a fifth of the blue-chip index's constituents remaining in the red, and many of those are miners. Government spending cuts and their effect on the profits on the big players in the public sector is the day's big story after Cable & Wi
Read moreFTSE 100 movers: Public sector outsourcers slide
20th Jul 2010 12:27
Outsourcers have been hit by a negative trading statement by Cable & Wireless Worldwide. Telecoms services provider C&W Worldwide heads the fallers after it warned that the coalition government's emergency budget will hit earnings growth. C&W Worldwide says earnings will come in at the lower end o
Read moreLondon midday: Public sector specialists hit
20th Jul 2010 12:10
Sovereign debt worries are haunting investors again after Hungary cut back its treasury bill offering by 10bn forints to 35bn. European stock markets took a step back on the news while expectations of a weak opening on Wall Street has also sparked some selling. Cable & Wireless Worldwide is the bi
Read moreWeek ahead: GlaxoSmithKline, Capita, Ryanair
16th Jul 2010 13:05
In GlaxoSmithKline's second quarter results on Wednesday, Charles Stanley is looking for revenues of £6.99bn and a pre-tax profit of £2m. 'Expect these results to show continued growth in emerging market activities and a continued positive contribution over the quarter from H1N1 pandemic 'flu prepa
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