Sector movers: AMEC, Hunting drag oil services sector lower
25th Aug 2011 15:41
Underwhelming results from sector giants, AMEC and Hunting, meant that the oil equipment, services and distribution sector was the worst performing sector on Thursday afternoon. FTSE 100 firm AMEC, which provides engineering and project management services to the oil and gas markets, fell nearly 4.
Read moreLondon midday: Mixed reception for deluge of updates
25th Aug 2011 12:10
London's leading share index is uncertain today as the continuing stream of company updates gets a mixed reception. Kazakhstan-focused copper miner Kazakhmys is in demand after it said underlying profits were 24% ahead in the first half and revealed details of a $250m buy-back programme. The group
Read moreLondon open: Company results drive FTSE 100 up 0.7%
25th Aug 2011 08:32
Some pleasing company results drove the Footsie higher in early trading while the banks were also providing a lift. Kazakhstan-focused copper miner Kazakhmys was a high riser after it said underlying profits were 24% ahead in the first half and revealed details of a $250m buy-back programme. The gr
Read moreEmerging markets drive sales at Diageo
25th Aug 2011 08:04
FTSE 100 drinks giant Diageo posted a 2% increase in sales in the year ended 30 June, as strong growth in the emerging markets outweighed more subdued conditions in Europe. The firm also set its medium-term target of 6% organic top line growth, organic operating margin improvement ("with the first
Read moreThursday preview: Glencore, Diageo, Playtech
24th Aug 2011 15:51
The flotation of Switzerland-based commodities trading house Glencore International back in May has been one of the more high profile new issues of the year, but since it went public the company has not covered itself in glory. Having floated at 530p, the shares can now be bought for around 390p, a
Read moreDiageo raises Halico stake to 30%
24th Aug 2011 09:11
FTSE 100 drinks giant Diageo, famous for its Guinness-branded stout, is to acquire an additional 5.07% interest in Vietnamese spirits group Halico for £6.4m, taking its total stake to 30%. Diageo said that it has successfully closed a public offer for the acquisition and is committed to purchase Ha
Read moreSector movers: SABMiller toasts management change, beverages higher
27th Jun 2011 15:50
The beverages sector is going well today, helped by brewing giant SABMiller, famous for its Miller- and Peroni-branded lagers. The company revealed on Monday that Domenic De Lorenzo, who is responsible for mergers and acquisitions, corporate strategy and development, will join its Group Executive C
Read moreLondon close: FTSE 100 outshines overseas stocks
6th Jun 2011 16:38
London's leading share index was an island of blue in a sea of red Monday after the IMF's endorsement of the government's deficit-cutting programme. The soft housing market and the effects of fiscal consolidation will continue to weigh on UK growth after a flat 6 months to 31 March, the IMF predict
Read moreFTSE 100 movers: Glencore rises, Lloyds drops
6th Jun 2011 15:24
Glencore, the newly-listed commodity trading house, is the top riser, helped by Deutsche Bank issuing a 'buy' recommendation on the stock. Meanwhile, Lloyds Banking Group is heading the other way, trading at its levels not seen since last February, on the back of reports over the weekend that chief
Read moreLondon midday: FTSE 100 limps towards the blue
6th Jun 2011 12:01
The top share index is struggling to haul itself into positive territory having fallen back in early dealings. Spirits brands owner Diageo is set to acquire SABMiller's stake in a Kenyan brewery firm for around £140m. Through its subsidiary East African Breweries Limited (EABL), Diageo - famous for
Read moreLondon open: Stocks fall back
6th Jun 2011 08:24
Stocks have edged lower this morning following declines in Asia. Company news is thin on the ground though not without interest. Spirits brands owner Diageo is set to acquire SABMiller's stake in a Kenyan brewery firm for around £140m. Through its subsidiary East African Breweries Limitied (EABL)
Read moreLondon pre-open: Stocks to fall back
6th Jun 2011 07:30
Shares are seen down this morning, with the top share index losing 25 points to 5,830. Spirits brands owner Diageo is set to acquire SABMiller's stake in a Kenyan brewery firm for around £140m. Through its subsidiary East African Breweries Limitied (EABL), Diageo - famous for its brands Smirnoff an
Read moreDiageo invests $225m in Kenyan brewer
6th Jun 2011 07:07
Spirits brands owner Diageo is set to acquire SABMiller's stake in a Kenyan brewery firm for around $225m. Through its subsidiary East African Breweries Limitied (EABL), Diageo - famous for its brands Smirnoff and Guinness - will buy a 20% stake from SABMiller's African subsidiary in Kenya Brewerie
Read moreFTSE 100 movers: Schroders drops after profit misses targets
5th May 2011 15:26
Asset management firm Schroders has taken a tumble as profits came short of expectations in the first quarter. The group's profit before tax rose to £103.8m, from £93.2m in the first quarter of 2010, but that wasn't enough for investors who were hoping for a figure closer to £117m. Lloyds has also
Read moreEurope still a downer for Diageo
5th May 2011 09:26
Europe remained a drag on sales growth for spirits brands owner Diageo but that did not stop the Guinness brewer from registering 7% organic net sales growth in the first quarter of 2011. "Overall trading in Europe continues to be challenging although in the quarter stronger price/mix in Great Brit
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