FTSE 100 movers: Miners move higher
18th Jun 2010 15:19
Footsie has edged higher with mining companies leading the push higher. Miners Fresnillo, Lonmin and Randgold Resources are all higher. BT is lower due to worries about a potential strike. The Communication Workers Union wants BT to increase its 2% pay offer. UBS has cut its ratings for outso
Read moreLondon afternoon: Tesco hit by director pay rumblings
18th Jun 2010 14:29
Hopes of Footsie making it eight days of gains in a row were revived over the lunch-time session as the blue-chip index moved back into positive territory. Mining stocks are having a major say in Footsie's direction, with precious metals miners Fresnillo and Randgold to the fore. BP is higher desp
Read moreLondon midday: Footsie gives back early gains
18th Jun 2010 12:04
Footsie has now dipped into the red as the early rally by the miners faded away, though BP continues to recover. News that the net cash requirement for the public sector came in at £11.96bn, against expectations of £20.25bn has had little benefit. The accruals-based measure of public sector net bor
Read moreMARKET TALK: UBS Cuts Serco To Neutral, Capita To Sell
18th Jun 2010 09:15
0815 GMT [Dow Jones] UBS downgrades Serco Group (SRP.LN) to neutral from buy and cuts Capita Group (CPI.LN) to sell from neutral in the bank's latest review of the support services sector. The brokerage sees few imminent contract awards and is wary of the lack of visibility, lengthy bid cycles, pric
Read moreLondon open: More gains for Footsie
18th Jun 2010 08:50
London's blue chips have risen for the past seven days and started higher again this morning. BP is higher despite the eight-hour verbal assault for chief executive Tony Hayward from US politicians yesterday. Hayward was up in front of a US Congressional Committee to explain how the Gulf of Mexico
Read moreMARKET TALK: Budget Could Stall Mid/Small Cap Outperformance
16th Jun 2010 10:56
0956 GMT [Dow Jones] Next week's UK budget could mark the end of the outperformance of mid and small-cap stocks, due to their generally higher exposure to government contracts, says Deutsche Bank. Suggests the IT services sector, newspapers, defense stocks and housebuilders could continue to struggl
Read moreCapita Group Buys Back 77,223 Shares At 768.82 Pence Per Share
9th Jun 2010 08:31
LONDON (Dow Jones)--Capita Group PLC (CPI.LN) said Wednesday it purchased 77,223 ordinary shares in the company at a price of 768.82 pence per share. MAIN FACTS: -The purchased shares will be held as Treasury shares. -At 0723 GMT shares up 4.5 pence, or 0.6%, at 775 pence. -By Elliott Ba
Read moreLondon midday: Shares seeking direction
12th May 2010 12:04
With much of traders' attention focused on the assembly of prime minister David Cameron's new government, shares are little changed. Cameron, the country's youngest prime minister for almost 200 years, will head a coalition government of the Conservatives and Liberal Democrats. Lib Dem leader Nick
Read moreWednesday tips round-up: Babcock, Lookers, Intercontinental Hotels
12th May 2010 07:40
Babcock's scope to provide public services more cheaply is its big attraction. Although fears of government cutbacks remain to the fore, the company is not dependent on new capital expenditure. Further, the tie-up with VT gives it an unparalled presence in technical training, an area where skills a
Read moreLondon close: Deficit narrows
11th May 2010 16:34
Losses halved during the afternoon session as it looked increasingly likely the Liberal Democrats will jump into bed with the Conservative party and form a coalition government. Buyers nibbled at weak miners and banks, down sharply earlier on doubts about the €750bn Eurozone bailout plan. Kazakhmy
Read moreLondon afternoon: Political indecision weighs
11th May 2010 15:33
With still no decision on who's running the country and Wall Street deep in the red, London's FTSE 100 is nursing triple digit losses. Concerns about the €750bn bailout agreed by European governments to prevent economic collapse in the Eurozone also continue to weigh. Banks remain among the worst
Read moreBroker tips: Centrica, Capita, TUI Travel
11th May 2010 12:45
Centrica has done well so far this year as British Gas continues to add more customer accounts and deliver further cost savings, keeping Charles Stanley on side. The UK energy hedge position has been addressed through the transformational acquisitions of Venture and British Energy, creating a more
Read moreLondon midday: Shares drift lower on bail-out doubts
11th May 2010 12:16
The leading share index is posting triple-digit losses as nerves set in over the prospects for the €750bn bailout agreed by European governments to prevent economic collapse in countries that use the euro. Banks are among the worst performers, most notably part-nationalised Royal Bank of Scotland.
Read moreBroker snap: No love for Capita at Ambrian
11th May 2010 10:18
Capita's latest trading update has failed to impress Ambrian, which keeps its 'sell' rating on the outsourcing firm. The company reported strong trading so far this year, but the broker says the statement continues to show historically weak organic growth with limited new contract wins. A hung par
Read moreLondon open: Blue chips retreat as uncertainty returns
11th May 2010 08:40
Footsie has given back some of the strong gains posted yesterday on the back of the euro bail-out. Uncertainty over who will govern the UK is to blame but there are also growing doubts over the substance of the euro plan. A string of company announcements is helping to deflect attention away from
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