London close: US surge extends Footsie's winning streak
23rd Jul 2009 16:32
Footsie's winning streak extended to nine days as US markets surged ahead on better than expected June home sales and forecast-busting results from a number of US household names. Trading had been quiet up until mid-afternoon, but as soon as the US markets started to pick up buyers returned in earn
Read moreLondon afternoon: Footsie regains 4,500
23rd Jul 2009 13:46
The Footsie's eight day winning streak looks set to become nine days as the blue chip index hit 4,500 again amid more gains for US stocks. On the positive side, miners Fresnillo, Kazakhmys, Vedanta Resources, Rio Tinto, BHP Billiton, ENRC, Xstrata and Lonmin are all among the top ten risers on hope
Read moreLondon midday: OfWat report dilutes equity strength
23rd Jul 2009 11:54
The Footsie's eight day winning streak is in danger of coming to an end today as utility companies weigh down the blue-chip index after water regulator Ofwat outlined proposals for lower water bills. The water regulator's draft proposals would see the average annual water bill fall by £14 to £330 b
Read moreLondon open: Water groups fall
23rd Jul 2009 08:17
London's top stocks have opened slightly lower, with utilities among the main fallers after Ofwat called for lower water bills. The water regulator outlined proposals that would see the average water bill fall by £14 to £330 before inflation between 2010 and 2015. United Utilities is leading the fa
Read moreDe La Rue trading in line
23rd Jul 2009 07:52
Specialist printer De La Rue said first quarter trading has been in line with company expectations. Chairman Nicholas Brookes said, "Overall our expectations for the full year 2009/2010 remain unchanged, underpinned by the continued good order book coverage in currency." First half banknote volum
Read moreTrifast non-exec spends £21,500
24th Jun 2009 17:29
Trifast announced today that senior independent non-executive director Neil Chapman spent £21,500 on shares in the industrial fastener and components group. Chapman bought 100,000 shares at a price of 21.5p each on 17 June, the same day Trifast binned its final dividend in view of difficult tradin
Read moreThursday tips round-up: Experian, Britvic, Cape
21st May 2009 06:07
Experian may sit in the support services sector but its share price - up 80 per cent from last year's low - makes it look more like a bank. At 493p, up 7p, or 12 times current-year earnings, the shares have begun to price in recovery but should advance further as economic signals improve. Buy on wea
Read moreLondon close: Jittery Footsie finishes lower
20th May 2009 16:36
Footsie failed to sustain a slight rally that came after a positive US opening and finished in the red after an indecisive day's trading. Miners Lonmin, Rio Tinto, Vedanta, Randgold, Antofagasta and Kazakhmys all went well, while silver and gold producer Fresnillo was wanted after it said it has su
Read moreLondon afternoon: Wall St. sparks London rally
20th May 2009 14:49
A buoyant opening on Wall Street has encouraged UK shares to claw back the morning's losses and the FTSE 100 is now virtually back up to its overnight level. Banks are leading the revival, with Lonmin, Rio Tinto, Vedanta, Randgold, Antofagasta and Kazakhmys all going well, while silver and gold pro
Read moreLondon midday: Financials drag Footsie down
20th May 2009 12:01
Leading shares remain mixed with the Footsie in negative territory thanks, in part, to weak performance by financial stocks. The share price of Lloyds Banking Group has been adjusted to take into account the fact that the shares no longer carry the right to participate in the group's compensatory o
Read moreLondon opening: Footsie opens quietly
20th May 2009 08:40
Wall Street's weaker tone is being echoed in London with blue chips struggling to make headway. Credit checking firm Experian hailed its revenue and profit growth last year despite exceptionally difficult market conditions. Revenue rose to $3,873m in the year to 31 March 2009 from $3,789m a year ea
Read moreLondon pre-open: Equities to follow Wall St. lower
20th May 2009 07:43
Wall Street's weaker tone looks set to be echoed in London at the outset, with City sources expecting the FTSE 100 index to open around 18 points down from last night's close of 4,482. Credit checking firm Experian hailed its revenue and profit growth last year despite exceptionally difficult marke
Read moreDe La Rue ups divi by 90% as margins climb
20th May 2009 07:22
Recession has not yet dented demand for for banknotes with specialist printer De La Rue upping underlying profits by over 18% last year and its dividend by 92%. Profits rose by 18.5% to £105m, excluding a pension supplement of £15m and other one-offs of £4.5m, and from £91.2m to £96.1m if those are
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