London open: Stocks slip after Greek bailout approval
21st Feb 2012 08:19
- Eurogroup approves Greek bailout. - Euro strengthens after announcement. - Footsie slips early on with oil stocks weighing on index. Despite Eurozone finance ministers doing what many had expected by approving the next tranche of aid for Greece, the Footsie opened moderately lower on Tuesday morn
Read moreCroda sees weak December but profits rise
21st Feb 2012 07:20
Croda International, the speciality chemical producer, achieved profit before tax of £60m in the final quarter of 2011, a rise of 22.7% compared to the same period of 2010. For the full year, the company saw pre-tax profits rise 25.9% against 2010, hitting £242.2m by the end of December. Total sa
Read moreFriday tips round-up: Astra, Croda, Clinton Cards...
28th Oct 2011 06:52
AstraZeneca faces an upcoming threat in the form of generic copies of Pfizer's Lipitor cholesterol treatment in the US, notes the Investment Column in the Independent. This will present a challenge for Astra's Crestor cholesterol drug, which has been selling well. Yesterday's results showed its sale
Read moreLondon close: Big gains on Euro hopes
27th Oct 2011 16:43
Stocks posted big gains amid optimism following the agreements reached on the Eurozone situation last night. Banks in particular are on the attack, with Barclays and RBS posting double-digit gains. EUROZONE AGREEMENT BOOSTS THE MARKETS Working into the early hours of the morning, Eurozone official
Read moreFTSE 250: Croda is biggest faller despite 5% growth
27th Oct 2011 16:21
Croda International, which makes speciality chemicals for products like leather finishes and sealants, has seen a 5.1% growth in revenue in its third quarter compared to the same period of 2010. Despite this, investors were unimpressed and the stock was the biggest faller on the index. Heading in
Read moreLondon midday: Double-digit gains for Barclays, RBS
27th Oct 2011 12:04
Stocks are posting big gains amid optimism following the agreements reached on the Eurozone situation last night. Banks in particular are on the attack, with Barclays and RBS posting double-digit gains. EUROZONE AGREEMENT BOOSTS THE MARKETS Working into the early hours of the morning, Eurozone off
Read moreEnigmatic Croda falls despite strong profits
27th Oct 2011 08:49
Croda International, which makes speciality chemicals for products like leather finishes and sealants, has seen a 5.1% growth in revenue in its third quarter compared to the same period of 2010. Group sales came in at £265.6m up from £252.6m in 2010, with most parts of the business seeing an improv
Read moreWednesday tips round-up: Ladbrokes, RWS, Croda...
12th Oct 2011 07:02
When it comes to mergers and acquisitions Ladbrokes is starting to look a bit like the Grand Old Duke of York; the bookmaker marches its way to the top of the hill then marches back down again, according to the Investment Column in the Independent. First it was 888 Holdings and more recently Sportin
Read moreCroda boss Flower's stake grows
28th Jul 2011 17:36
Croda's chief executive Martin Flower spent more than £56,000 on shares in the speciality chemicals company - only to see the value of the shares fall on the back of its interim results. He took 3,000 shares at 1,892.2p a time and now has nearly 26,000. Shares in the company, which supplies chemica
Read moreLondon close: Late rally lifts stocks
28th Jul 2011 16:41
Stocks finished in positive territory after a choppy day, with US economic data helping to spark a late rally. Weekly Initial jobless claims in the world's biggest economy fell below 400,000 for the first time since April and homes sales data also came in ahead of expectations. The rush of company
Read moreSector movers: Telecoms updates impress
28th Jul 2011 16:10
BT and TalkTalk are both contributing to the fixed line telecommunications sector's gains today. BT reported today that its profits jumped by a fifth in the first quarter, as the phone and telecoms giant was able to achieve a majority market share in new broadband connections. Broadband provider T
Read moreLondon midday: Stocks fall back after news flurry
28th Jul 2011 12:00
Stocks are in the red after this morning's splurge of company updates. Anglo-Dutch integrated oil company Royal Dutch Shell fell after it reported net income on a current cost of supplies (CCS) basis, excluding specific items, of $6.6bn, compared to $4.2bn in the second quarter of last year. The fi
Read moreLondon open: Footsie opens lower after flurry of results
28th Jul 2011 08:34
After a flurry of company results this morning, the Footsie fell into the red. While investors digest the figures, in the back of their minds they are still fretting about the US debt ceiling negotiations, with the Republicans and Democrats set for a show-down later on today in the House of Represen
Read moreCroda International posts 30% profit hike
28th Jul 2011 07:18
Speciality chemicals group Croda International posted a 30% surge in half year profit, bolstered its dividend and expects to make further progress through the remainder of the year. Consumer Care and Industrial Specialities underpinned the robust profit and sales growth, Croda said. The results we
Read moreBroker tips: M&S/Debenhams, Thomas Cook, Croda
12th Jul 2011 11:34
Matrix has maintained its positive stance on high street retailers Marks & Spencer and Debenhams after the British Retail Consortium's (BRC) Retail Sales Monitor for June came in ahead of estimates. Like-for-like sales fell by 0.6%, while total sales grew by 1.5%. "This is better than expected, and
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