Capita optimistic despite hung parliament
11th May 2010 07:12
Capita will continue to focus on providing services to central government despite the uncertain make-up of the next UK government, the outsourcing group said as it reported strong trading so far this year. Capita, whose activities include administering the payment of TV licenses and managing teache
Read moreSerco on track as 2010 starts well
11th May 2010 07:01
Service company Serco said it is on track to meet its financial guidance for 2010 after a strong performance in the first half of the year so far. The company, whose activities include operating London's Docklands Light Railway and prison vans, entered 2010 with a record order book of £17.1bn. It h
Read moreLondon close: Shares slide after election
7th May 2010 16:48
Shares continued sliding on Friday as the European debt crisis rumbled on and after the previous day's election failed to produce a decisive result. Germany's parliament has approved a rescue package for Greece, but traders are still worried that the debt problems could spread to other countries, i
Read moreFTSE 100 movers: Capita slumps on public spending worries
7th May 2010 16:37
Footsie is well down on the day as worries about a hung parliament spook the markets. There has been a late rally but it remains much lower. Outsourcing specialist Capita has been hit by downgrades on the back of worries about public spending. Royal Bank of Scotland is sharply lower even though
Read moreLondon afternoon: RBS leads retreat
7th May 2010 14:35
The market rally seen towards the end of the morning session fizzled out over lunch as London joined other European markets in retreat. Prime Minister Gordon Brown has moved into line with Liberal Democrat leader Nick Clegg and agreed that the Conservative party, which won the most seats in yesterd
Read moreLondon midday: Clegg statement calms markets
7th May 2010 12:10
After initially reacting negatively to the prospect of a hung parliament London's leading shares have rallied after Liberal Democratic party leader Nick Clegg said he is sticking with his pre-election view that the party with the most votes - in this case the Conservatives - should have first crack
Read moreLondon close: Footsie moves past 5,800
14th Apr 2010 16:35
Positive sentiment as the US first quarter earnings season gets under way helped inject a bit of life into Footsie following recent sluggishness, sending it past the 5,800 point mark, though it settled slightly lower. Forecast-topping results from computer chip maker Intel yesterday were interprete
Read moreLondon afternoon: Upward trend continues
14th Apr 2010 14:26
London consolidated gains over the lunch-time session on another quiet day for corporate news. Forecast-topping results from computer chip maker Intel yesterday have been interpreted as a clear sign that the recovery in the global economy is not running out of steam, and that has led to a rise in b
Read moreLondon midday: BT heads field after broker tip
14th Apr 2010 12:02
Having been largely responsible for the Footsie's fall yesterday miners are driving the blue-chip index higher today, enabling the index to move close to the 5800 level despite the presence of the usual Wednesday batch of ex-dividend stocks. Forecasting topping results from computer chip maker Inte
Read moreLondon pre-open: Best foot forward for Footsie
14th Apr 2010 07:37
Better than expected figures from computer chip maker Intel after the bell yesterday in New York have allayed fears that the economic revival may be running out of steam, and has put investors in good heart in the UK. Traders expect the FTSE 100 to open around 24 points higher at 5,785. Once again
Read moreL&G CFO joins Capita as non-exec
14th Apr 2010 07:05
Outsourcing giant Capita has appointed Dr. Nigel Wilson, chief financial officer of insurer Legal & General to its board as a non-executive director. As well as working for Legal & General (L&G) Wilson is also senior non-executive director of car parts and cycles retailer Halfords. Wilson will be
Read moreTuesday tips round-up: Capita, Bovis, Tullett Prebon
9th Mar 2010 06:43
Recent full-year results from Capita were decidedly mixed - with the market particularly concerned about a slowdown in organic growth at the company in 2009 and 2010. However, the dire state of the British Government's finances mean the opportunities for this outsourcing business over the next few
Read moreLondon close: Overseas concerns sink Footsie
25th Feb 2010 16:28
Blue chips closed sharply lower as fears about Greece resurfaced and US dole claimant figures were worse than expected. On a busy day for big company results RBS hogged the headlines. The part-nationalised bank saw its net attributable loss narrow markedly in 2009 with fourth quarter impairments 5%
Read moreFTSE 100 movers: RBS tops risers
25th Feb 2010 15:13
Royal Bank of Scotlandgot the benefit of the doubt for its figures and led the risrs on Footsie all day. Net attributable losses narrowed markedly to £3.6bn, down from £24.3bn in 2008. The market consensus had been for a loss of £3.85bn, though forecasts varied wildly. Impairments surged to £13.9bn
Read moreLondon afternoon: Footsie heads south
25th Feb 2010 14:23
The Footsie sank below last night's closing level over the lunch time session, weighed down by weak miners. On a busy day for big company results RBS continues to hog the headlines. Though off the top, the share price is still sharply higher after the part-nationalised bank saw its net attributable
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