London afternoon: Invensys bid fever fades
30th Mar 2011 14:39
Stocks came off the top over the lunch time session, though risers still comfortably outnumber fallers among Footsie constituents by at least two to one. Miners are setting the pace, particularly Vedanta, BHP Billiton, Rio Tinto and Antofagasta. At the other end of the scale Invensys is sharply lo
Read moreBroker snap: Poor sales in Ireland leads to Domino's downgrade
30th Mar 2011 14:03
Peel Hunt downgrades pizza chain Domino's Pizza to 'hold', from 'buy', after slowing like for like (LfL) sales have been exacerbated by negatives in Ireland and the VAT increase. LfL sales were up 4.2% in the first quarter, implying that the 4.7% seen in the first seven weeks slowed to just 3.6% in
Read moreLondon midday: Miners drive FTSE 100 higher
30th Mar 2011 12:35
Miners are driving the top share index closer to 6,000 points, though the retail sector is under pressure following a profit warning from Dixons Retail. Vedanta, BHP Billiton, Antofagasta and Kazakhmys are among the big names in the mining sector posting gains. Elsewhere in the FTSE 100, oil compa
Read moreLondon open: Miners drive FTSE 100 near 6,000
30th Mar 2011 08:37
Miners are driving the top share index closer to 6,000 points, though the retail sector is under pressure following a profit warning from Dixons Retail. Vedanta, BHP Billiton, Antofagasta and Kazakhmys are among the big names in the mining sector posting gains. Elsewhere in the FTSE 100, oil compa
Read moreLondon pre-open: London to enjoy Wall Street boost
30th Mar 2011 07:33
A strong finish on Wall Street last night looks set to give London a boost with the blue-chip index expected to open around 36 points higher at 5,968. Oil company Tullow Oil has sold off two-thirds of the interests it holds in numerous assets in Uganda for a cash sum of $2.9bn, with CNOOC and Total
Read moreDomino's Pizza growth slows in first quarter
30th Mar 2011 07:08
Growth continued to slow at Pizza delivery company Domino's Pizza, blamed on tough comparatives and weakness in the Republic of Ireland. Like-for-like sales in 608 mature stores rose 4.2% in the 13 weeks to 30 March, down from 10.5% a year ago. They'd risen 4.7% in the first seven weeks and 11.9%
Read moreWednesday preview: Domino's Pizza, Bellway
29th Mar 2011 17:07
Pizza delivery outfit Domino's Pizza's shares have been steadily declining since a trading update on 5 January and are now priced around 140p below the 52-week high of 586p achieved the day before that update. Anyone still holding the stock in expectation of it regaining its mojo will be banking on
Read moreBAE chairman invests £22,000
18th Feb 2011 16:35
BAE Systems chairman Dick Olver has invested nearly £22,000 in the defence company's shares. He bought 3,343 shares at 337.6p each and his wife acquired 3,133 shares at 338.27p each. This follows yesterday's disappointing trading statement. BAE is expecting sales in 2011 to dip as cutbacks in go
Read moreFriday tips round-up: Reed Elsevier, Domino's Pizza, Talvivaara...
18th Feb 2011 06:48
Reed Elsevier's 2010 results hit the market with a dull, wet thud. There was little to encourage anyone in a performance as flat as one of its Dutch parent's polders and an outlook statement that made it clear that further recovery would be gradual. Reed says the bulk of its restructuring programme
Read moreLondon close: Late rally not enough
15th Feb 2011 16:44
Weakness in the US sent shares into the red and a slight rally in late trading failed to lift the FTSE 100 into positive territory. US retail sales were up 0.3% in January, according to the Commerce Department, though they'd risen 0.5% the month before and were expected to do the same this time. Ex
Read moreLondon afternoon: US retail sales setback
15th Feb 2011 14:30
Footsie moved into the red over the lunch time session after the release of disappointing US retail sales figures. US retail sales were up 0.3% in January, according to the Commerce Department, though they'd risen 0.5% the month before and were expected to do the same this time. Excluding autos,
Read moreLondon midday: FTSE 100 little changed
15th Feb 2011 12:09
Shares are still seeking direction in spite of some notable movements in both directions. Barclays has moved ahead after results. The bank has cut its staff bonuses by 7% even though profits jumped by a better than expected 32% as bad charges tumbled everywhere except Spain. Pre-tax profits in 2010
Read moreLondon open: Footsie marks time
15th Feb 2011 08:57
A limp performance in the US overnight and a tricky session in Asia this morning has resulted in London trading sideways in early dealings. Barclays has cut its staff bonuses by 7% even though profits jumped by a better than expected 32% as bad charges tumbled everywhere except Spain. Pre-tax profi
Read moreLondon pre-open: Footsie to pull back
15th Feb 2011 07:39
A limp performance in the US overnight and a tricky session in Asia this morning mean London is likely to slip back about a dozen points in early trade Tuesday. Barclays has cut its staff bonuses by 7% even though profits jumped by a better than expected 32% as bad charges tumbled everywhere except
Read moreDomino's Pizza sales growth slows
15th Feb 2011 07:25
Shares in pizza delivery firm Domino's Pizza fell over 8% after it said like-for-like sales for the first seven weeks rose 4.7%, down from an 11.9% increase for the 52 weeks ended 26 December 2010. "This figure comes against the backdrop of exceptional comparatives from the same period in 2010 and
Read more