London close: Triple-digit losses as Euro worries continue
19th Sep 2011 16:50
Shares failed to recover from an early slide as ongoing worries over the Eurozone situation continued to cast a shadow. The FTSE 100 closed down 108 points. Greek Prime Minister George Papandreou has cancelled a planned trip to the US to guide Greece through what could be a critical seven day peri
Read moreLondon midday: Eurozone worries cast a shadow
19th Sep 2011 12:03
London's blue chip index is stuck below 5,300 points as the Eurozone saga rumbles on. Investors seeking a resolution to the problems were disheartened after a meeting of EU finance ministers in Poland on Friday failed to live up to expectations. "There is a firm 'risk-off' tone to the start of the
Read moreLondon open: Banks unwanted as euro worries continue
19th Sep 2011 08:43
London's blue chip index sank below the 5,300 level in the opening minutes on Monday, as the debt crisis in Europe took centre stage again, dampening sentiment. Investors seeking a resolution to the problems were disheartened after a meeting of EU finance ministers in Poland on Friday failed to li
Read moreDairy Crest first half in line
19th Sep 2011 07:08
Cheese and milk producer Dairy Crest said trading in the first half of the year has been in line with company expectations and it remains confident of reaching full year forecasts. Dairy Crest, whose key brands include Cathedral City, Country Life, Clover, St Hubert Omega 3 and Frijj, said operatio
Read moreTesco cheesed off at price fixing fines
10th Aug 2011 11:52
The Office for Fair Trading (OFT) has fined supermarkets and dairy groups a total of nearly £50m for fixing cheese and milk prices in 2002 and 2003. It has imposed fines totalling £49.51m on all of the big four supermarkets, Tesco, Sainsbury's, Asda and Safeway (which was bought by Morrisons) and f
Read moreDairy Crest trading in line
19th Jul 2011 07:17
Chilled foods firm Dairy Crest said overall trading in the first quarter has been in line with company expectations as it makes progress among its key brands. However while trading during the period matched expectations, Dairy Crest warned of "an increasingly tough trading environment". Total sale
Read moreMonday newspaper round-up: Greece, Britons' finances, C&W Worldwide, Music Festivals
20th Jun 2011 06:30
George Osborne arrives in Luxembourg on Monday with a battle on his hands to keep Britain out of a second EU bailout of Greece after crisis talks between eurozone finance ministers went on late into Sunday night. The Chancellor must convince his European counterparts that additional funding for Gree
Read moreLondon close: More gains for FTSE 100
19th May 2011 16:48
Stocks finished with good gains again, though slightly off earlier highs, on a busy company news day. Shares in Investec rose sharply after the asset manager posted a rise in profits in the year to 31 March. The company, which operates in South Africa, the UK, Australia and other markets, said oper
Read moreFTSE 250 movers: CPP surges after product launch
19th May 2011 16:00
CPP, the identity theft and credit card insurer that is under investigation by the Financial Services Authority (FSA) for certain issues surrounding the sale of its products in the UK, has launched a new product, causing shares to rocket on Thursday. Its identity protection product Identity Safe can
Read moreLondon midday: Strong gains for FTSE 100
19th May 2011 12:10
Stocks are testing the 6,000 point mark now as investors digest a flurry of updates. Shares in Investec rose sharply after the asset manager posted a rise in profits in the year to 31 March. The company, which operates in South Africa, the UK, Australia and other markets, said operating profit befo
Read moreDairy Crest ekes out FY profit gain
19th May 2011 07:22
A solid performance from its spreads and cheese businesses helped chilled foods firm Dairy Crest report a 5% increase in full year adjusted pre-tax profit as tough trading conditions in dairies continues. The maker of Clover and Cathedral City said adjusted pre-tax profit rose to £87.6m for year e
Read moreDairy Crest all set for FY
31st Mar 2011 07:28
Chilled foods firm Dairy Crest said pre-tax profit for the year ending 31 March 2011 remains in line with company expectations as trading in its fourth quarter remains strong. The group, which is behind brands such as Utterly Butterly and Cathedral cheese, said all five of its key brands increase
Read moreLondon close: No US jobs lift for FTSE 100
4th Feb 2011 16:40
The top share index finished the week just below 6,000 points after a sluggish day's trading. Traders were unsure how to react to US jobs data. Nonfarm payrolls rose just 36,000 last month, the Labor Department said Friday, well below forecasts of at least 140,000. On the bright side, December's nu
Read moreLondon afternoon: Footsie recovers from US jobs jolt
4th Feb 2011 14:40
The Footsie kept its head above 6,000 over the lunchtime period despite a negative reaction to US jobless figures at 1:30. Nonfarm payrolls rose just 36,000 last month, the Labor Department said Friday, well below forecasts of at least 140,000. On the bright side, December's number was revised up t
Read moreLondon midday: FTSE 100 in the blue
4th Feb 2011 12:23
The FTSE 100 is still hovering a few points in positive territory on a fairly quiet day on the company news front. Utilities are one bright spot, with United Utilities, Severn Trent and International Power all higher. Wm Morrison has been upgraded to 'buy' from 'neutral' by UBS, which suggests th
Read more