Coalition on trade mission to China
8th Nov 2010 10:54
Chancellor George Osborne and Business Secretary Vince Cable are in China trying to drum up more business for UK plc, and they've already got results with more in the pipeline. The pair are joined by a 50-strong group of business leaders - Prime Minister David Cameron arrives tomorrow - forming wha
Read moreBroker tips: Diageo, InterContinental, Pearson
25th Oct 2010 13:21
Nomura recommends a 'buy' for Diageo after the broker highlighted several attractive options for the drinks giant. Firstly, the broker hints that luxury goods firm LMVH's purchase of a stake in sector peer Hermes could persuade LVMH to put its drinks division, Moet Hennessy, up for sale. According
Read moreBroker snap: Possible deals for Diageo
25th Oct 2010 13:00
Nomura recommends a 'buy' for Diageo after the broker highlighted several attractive options for the drinks giant. Firstly, the broker hints that luxury goods firm LMVH's purchase of a stake in sector peer Hermes could persuade LVMH to put its drinks division, Moet Hennessy, up for sale. According
Read moreBroker tips: Diageo, Renold, Synchronica
15th Oct 2010 13:00
Although Diageo released a statement yesterday broadly in line with expectations, the group highlighted a weak consumer environment in Europe, a concern echoed by broking group Killik. The trading update for the premium drinks company revealed a 5% increase in net sales and a 7% rise in net assets
Read moreBroker snap: European uncertainties weigh on Diageo
15th Oct 2010 12:50
Although Diageo released a statement yesterday broadly in line with expectations, the group highlighted a weak consumer environment in Europe. The trading update for the premium drinks company, which has a portfolio of globally-renowned brands such as Smirnoff, Johnnie Walker and Guinness. revealed
Read moreLondon close: Weak end to dull day
14th Oct 2010 16:35
Leading shares closed lower on a poor day for the banks and a tumble for African Barrick. Fears that Standard Chartered's rights issue yesterday could be the start of a flood of cash calls unsettled Lloyds, Royal Bank of Scotland and Barclays. Metal prices are back on the rise as the dollar heads
Read moreLondon afternoon: Footsie bottoms out
14th Oct 2010 14:17
Leading shares trod water over the lunchtime session, leaving Footsie still stranded in the red. Banks remain in the doldrums. Fears that Standard Chartered's rights issue yesterday could be the start of a flood of cash calls has unsettled Lloyds, Royal Bank of Scotland and Barclays. Metal prices
Read moreLondon midday: Downward drift quickens
14th Oct 2010 11:56
US markets may be expected to open firmer but London is determined to go its own way today, heading lower, despite a buoyant mining sector. Metal prices are back on the rise as the dollar heads in the opposite direction. That is not enough to prevent gold miner African Barrick Gold taking a tumble,
Read moreDiageo sales rise but Europe lacks fizz
14th Oct 2010 11:15
Drinks giant Diageo posted a rise in sales in the third quarter, but warned of weakness in Europe, particularly ailing economies such as Greece and Spain. In the three months to 30 September, the maker of Guinness and a host of spirits including Smirnoff vodka and Johnnie Walker whisky saw net sale
Read moreThursday preview: Diageo, ASOS, Booker
13th Oct 2010 16:33
Guinness brewer Diageo will give a trading update at its annual general meeting on Thursday covering the first quarter of its trading year. Emerging markets are likely to be the feel good story while Europe is expected to be a drag on performance. Online clothes retail ASOS is the sort of high fl
Read moreFTSE 100 movers: Miners in decline
12th Oct 2010 15:51
Falling metals prices have knocked the mining companies. Xstrata, Lonmin, and Kazakhmys are the worst hit of the miners, although the whole sector is lower. Xstrata is restarting ferronickel operations at Falcondo in the Dominican Republic next March. It will be running at 50% of installed capacit
Read moreThursday newspaper round-up: Banks, Ireland, Unilever
30th Sep 2010 06:29
Downing Street appeared to be snubbing the banking industry yesterday as it finalised a 16-strong panel of corporate grandees to advise the Prime Minister on business matters. While manufacturing, construction, utilities, retailing and small businesses are well represented, no one from the banking
Read moreFTSE 100 movers: ARM recommended
8th Sep 2010 14:59
Broker UBS has issued a downbeat assessment of the European semiconductor market but it makes an exception with chip designer ARM, and has raised its price target for the Cambridge-based firm from 305p to 370p a share. There is also speculation that Samsung is choosing to use ARM technology in new p
Read moreLondon open: Dull start for blue chips
8th Sep 2010 08:45
Last night's triple-digit drop on Wall Street and further losses in Asia meant a poor start in London. US stocks fell on concerns about the European bank stress tests. Property groups are the best performers with Land Securities, Hammerson and British Land all rising strongly. A potential politic
Read moreBroker tips: Diageo, EnCore, BTG
31st Aug 2010 13:12
Charles Stanley described in-line full-year results from drinks brands giant Diageo as 'resilient' and the broker thinks trading should continue to improve gradually in line with the recovery in the global economy. "Long term prospects remain good, given the unrivalled portfolio of premium drinks b
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