London afternoon: Rio dives on Chinalco rumours
4th Jun 2009 14:27
Disappointment with the Bank of England's decision not to expand its quantitative easing programme prompted a downturn in the market, wiping out the morning's gains. London's blue-chip index is also struggling with the burden of a weak mining sector, which has moved further into the red after rumou
Read moreLondon midday: Financials lead rally
4th Jun 2009 12:03
The Bank of England's interest rate decision was every bit the non-event economists had been predicting, with the key lending rate left unchanged at 0.25% while no further changes to the quantitative easing programme have been made. Equities remain slightly firmer, with financials recovering some o
Read moreLondon open: Stocks post slim gains
4th Jun 2009 08:22
London's top stocks are posting slight gains in early deals ahead of the Bank of England's interest rate decision later today with supermarkets doing well. Wm Morrison made a good start to the new trading year, with sales growth well ahead of the sector norm. Like for like sales improved by 8.2%, o
Read moreLondon pre-open: Footsie to edge higher
4th Jun 2009 07:50
London's leading share index is tipped to rise slightly in early dealings on a busy day for the retail sector Department store Debenhams is to raise £323m through a placing and open offer to reduce its debt burden and improve its ability to acquire retail assets that may arise if the economic downt
Read moreDevro non-exec takes a meaty stake
13th May 2009 17:07
Stuart Paterson, a non-executive director at Devro has beefed up his holding in the sausage skin manufacturer, soon after the company issued a bullish trading update. He bought 20,000 shares at 91.8p a time, and now has 50,000. Last week Devro said that it has performed in line with expectations s
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