Wednesday newspaper round-up: BP, Ocado, Easyjet
21st Jul 2010 06:37
Tony Hayward is to step down as BP's chief executive within the next ten weeks as the company seeks to draw a line under its disastrous oil spill in the Gulf of Mexico. Sources close to BP, which is battling to restore its reputation and stave off a takeover, told The Times that there was a growing
Read moreLondon close: Flat finish for FTSE 100
20th Jul 2010 16:42
There was plenty of movement in both directions Tuesday, but Footsie closed just a few points lower. Government spending cuts and their effect on the profits on the big players in the public sector is the day's big story after Cable & Wireless Worldwide warned that the coalition government's emerge
Read moreDe La Rue Warns On Banknote Sales On Quality Issues; Shrs -14%
20th Jul 2010 14:40
By Anita Likus Of DOW JONES NEWSWIRES LONDON (Dow Jones)--De La Rue PLC (DLAR.LN), the world's largest printer of banknotes paper, Tuesday warned that full-year sales will be materially lower than planned after it had to suspend production for some of its banknote paper at its main plant, w
Read moreLondon afternoon: Cautious note from De La Rue
20th Jul 2010 14:25
Footsie lost more ground over the lunch time session with barely a fifth of the blue-chip index's constituents remaining in the red, and many of those are miners. Government spending cuts and their effect on the profits on the big players in the public sector is the day's big story after Cable & Wi
Read moreDe La Rue warns on sales
20th Jul 2010 14:21
Shares in De La Rue fell more than 10% after the banknote publisher warned sales would be materially below earlier expectations. De La Rue said quality and production irregularities at one of its paper production facilities have very recently been brought to the board's attention. It is apparent t
Read moreDe La Rue Sees FY11 Sales, Paper Production Below Views
20th Jul 2010 14:11
LONDON (Dow Jones)--De La Rue PLC (DLAR.LN), a U.K.-based commercial security printer and papermaker, said Tuesday it is now expected that paper production and sales in fiscal 2011 will be materially lower than originally planned. MAIN FACTS: -At the announcement of the Group's preliminary r
Read moreDe La Rue Completes Sale Of Camelot Shareholding For GBP77.8M
8th Jul 2010 14:13
LONDON (Dow Jones)--De La Rue PLC (DLAR.LN), said Thursday the sale of its 20% shareholding in Camelot Group Ltd, operator of the U.K. National Lottery, to Ontario Teachers' Pension Plan for GBP77.8 million has completed. MAIN FACTS: -The gain on the sale won't be subject to tax. -As pre
Read moreLondon afternoon Markets in full-scale retreat
25th May 2010 14:35
Shares are in full-scale retreat around the World with the Dow over 250 points lower soon after the opening bell. London is lower by a similar amount in percentage terms, as concerns over a possible bail-out of Spain and growing military tensions between North and South Korea. Moves by Spanish reg
Read moreLondon midday: Prices bottom out
25th May 2010 12:02
The FTSE 100 dived below the 5,000 level in the first few minutes of trading and at one point in the morning session dipped briefly below 4,900 but prices have now stabilised. Though it is scant consolation, London is not alone in shifting violently into reverse gear, as increasing fears about a p
Read moreLondon open: Footsie hammered down through 5,000
25th May 2010 08:40
Shares have taken a pasting in early dealings as worries over the European debt situation continue to plague markets around the world. US and Asia markets tumbled overnight and London has followed them down with no risers on Footsie at present. The best blue chip performer is Severn Trent at minus
Read moreLondon pre-open: Early slide anticipated
25th May 2010 07:37
Shares are expected to slide in early dealings as worries over the European debt situation continue to plague markets around the world. Tuesday's preliminary results from Marks & Spencer (M&S) came in with a slightly better than expected profit but the retail giant said it remains cautious about th
Read moreDe La Rue profits little changed
25th May 2010 07:14
Losses at its cash processing division meant profits came in little changed last year at banknote printer De la Rue, despite good sales growth. Pre-tax profits in the year to March were £96.6m, up from £96.1m, on sales of £561m some 12% higher. Operating profits rose by 13% to £109m driven by good
Read moreTuesday preview: Marks & Spencer, De La Rue, C&C
24th May 2010 15:42
Tuesday's preliminary results from retail giant Marks & Spencer (M&S) will be the last under the chairmanship of Sir Stuart Rose, and after a turbulent six-year spell at the helm of the company - first as chief executive - it looks likely he will leave the company while it is on a growth trend. M&S
Read moreDe La Rue unveils new FD
30th Apr 2010 07:57
Banknote publisher De La Rue has announced former Stanley Leisure finance director Colin Child will be its new group finance director. Child, who was previously group finance director of global property adviser DTZ Holdings, will replace Simon Webb, who has previously indicated a desire to move on.
Read moreLondon close: Footsie eases back
26th Mar 2010 16:50
Footsie drifted lower going into the weekend, but remained near the 21-month highs it hit earlier in the week. With corporate news thin on the ground, broker commentary drove much of the action. Unilever is downgraded to neutral from 'overweight' by HSBC on sales volumes concerns. Hi-tech weapon
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