FTSE 100 bosses back Tory national insurance plans
1st Apr 2010 09:14
Leading lights from UK business have come out in support of Conservative plans to halt Labour's planned rise in National Insurance (NI). Bosses of large UK companies, including Justin King, chief executive of the supermarket operator J Sainsbury and Mick Davis chief executive of the mining giant Xs
Read moreBroker tips: Diageo, SABMiller, Britvic
26th Mar 2010 13:11
Nomura Securities has reiterated its 'buy' recommendation on Diageo after a presentation from the drinks company's US marketing director which emphasised the enduring importance of brands in the spirits trade. Diageo believes that the worst of the recession is over for the US drinks industry which
Read moreBroker snap: Nomura admires Diageo's innovative spirit
26th Mar 2010 13:09
Nomura Securities has reiterated its 'buy' recommendation on Diageo after a presentation from the drinks company's US marketing director which emphasised the enduring importance of brands in the spirits trade. Guinness-brewer Diageo believes that the worst of the recession is over for the US drinks
Read moreMonday paper round-up: US healthcare, Shell, Rio Tinto
22nd Mar 2010 06:38
After more than a year of sweating blood, Barack Obama and his Democratic colleagues on Capitol Hill have emerged victorious with the enactment of the most significant piece of US domestic social reform in more than 40 years. Declaring "this is what change looks like", Mr Obama on Sunday night hail
Read moreNon-exec buys initial stake in Aberdeen
17th Mar 2010 16:02
Aberdeen Asset Management non-executive director Gerhard Fusenig has bought his first shares in the fund manager since he was appointed to the board on 8 October 2009. Fusenig invested nearly £129,000 in 100,000 shares, which cost 128.84p each. Fusenig is Co-Chief Operating Officer of Asset Mana
Read moreChairman's wife buys Redrow shares
2nd Mar 2010 16:33
Redrow chairman Steve Morgan's wife has bought 100,000 shares in the housebuilder taking their combined stake to 29.95%. Fiona Morgan paid 131.5p a share for the 100,000 shares. The total cost was £131,500. Morgan founded Redrow in 1974 and floated the company 20 years later. He also owns Wolver
Read moreTuesday paper round-up: Sterling, Prudential, HSBC
2nd Mar 2010 06:38
The pound suffered its biggest one-day fall for more than a year yesterday amid the prospect of a hung Parliament and growing fears that this will prevent swift and decisive action being taken over Britain's public finances. Sterling crashed by more than four cents at one stage against the US dolla
Read moreLondon close: Overseas concerns sink Footsie
25th Feb 2010 16:28
Blue chips closed sharply lower as fears about Greece resurfaced and US dole claimant figures were worse than expected. On a busy day for big company results RBS hogged the headlines. The part-nationalised bank saw its net attributable loss narrow markedly in 2009 with fourth quarter impairments 5%
Read moreLondon afternoon: Footsie heads south
25th Feb 2010 14:23
The Footsie sank below last night's closing level over the lunch time session, weighed down by weak miners. On a busy day for big company results RBS continues to hog the headlines. Though off the top, the share price is still sharply higher after the part-nationalised bank saw its net attributable
Read moreLondon midday: Footsie flatlines
25th Feb 2010 11:45
London's top stocks have retreated from the gains sparked by Royal Bank of Scotland's numbers. RBS shares are up by more than 6% after the part-nationalised bank saw its net attributable loss narrow markedly in 2009 with fourth quarter impairments 5% lower than the third quarter. Net attributabl
Read moreLondon open: Miners offset RBS rally
25th Feb 2010 08:12
London's top stocks opened lower despite a set of despite figures from RBS suggesting there is light at the end of the tunnel for the bank. The drop comes even though Royal Bank of Scotland's shares jumped by more than 6% after the open. The part-nationalised bank saw its net attributable loss na
Read moreDiageo and SABMiller settle dispute
25th Feb 2010 07:54
Drinks brands giant Daigeo has kissed and made up with brewing colossus SABMiller in their dispute over Diageo's move to acquire a stake in Tanzania's Serengeti Breweries. Under the terms of the agreement SABMiller subsidiary Tanzania Breweries Limited (TBL) will quit brewing and distributing beers
Read moreThursday newspaper round-up: RBS, HSBC, VT Group
25th Feb 2010 05:57
The Government has cleared Royal Bank of Scotland to pay its 17,200 investment bankers £1.3bn in bonuses despite losses for the year reaching £5bn across the group. The performance awards equate to £75,000 each and will lift total average earnings to £150,000. In discussions with UK Financial Inve
Read moreThursday Preview: Diageo, Rio Tinto, Smith & Nephew
10th Feb 2010 17:19
With the results from the major oil companies behind us, focus tomorrow will be on the producer of a different kind of 'black stuff', Guinness owner Diageo. Nomura is expecting the half-year report to be positive in tone, with the drinks brands giant, which also owns a wide range of spirits, guidin
Read moreBroker tips: Retailers, tobaccos, drinks
6th Jan 2010 11:48
The market turned its back on Marks & Spencer on Wednesday after the clothes and food retailer’s trading update, but Hargreaves Lansdown sees reasons to be cheerful. ‘Quarterly sales have improved for the first time in over two years, whilst the online division posted sales which rose impressively
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