FTSE 250 movers: Housebuilders on top
20th Jul 2009 14:10
Housebuilders dominate the mid-cap index Monday following bright news on the housing market. Mortgage lending leapt by 17% in June to £12.3bn, its highest since December, according to the Council of Mortgage Lenders (CML). The Bank of England said the six major banks approved 51,000 mortgages for
Read moreBroker tips: Domino's Pizza, SThree, Next
20th Jul 2009 12:53
Domino's Pizza may have seen sales growth slow and reduced the number of new store openings, but Charles Stanley thinks the pizza delivery group is still in strong shape after this morning's trading update. The broker, which keeps its 'buy' rating and 305p price target on Domino's, says: "Earnings
Read moreLondon midday: Banks lead Footsie higher
20th Jul 2009 12:21
Blue chips have continued their recent surge with banks among the top risers as sentiment in the sector is boosted by last week's earnings reports from US rivals. Lloyds Banking is the best performer on a weekend report it could post an interim profit despite enormous bad-debt provisions. Some of i
Read moreBroker snap: Domino's Pizza update impresses Charles Stanley
20th Jul 2009 12:19
Domino's Pizza may have seen sales growth slow and reduced the number of new store openings, but Charles Stanley thinks the pizza delivery group is still in strong shape after this morning's trading update. The broker, which keeps its 'buy' rating and 305p price target on Domino's, says: "Earnings
Read moreLondon open: Good start for Footsie
20th Jul 2009 08:41
Footsie has started the week well after the bumper gains seen on Wall Street at the end of last week. Lloyds Banking is the best performer on a weekend report it could post an interim profit despite enormous bad-debt provisions. Some of its most toxic sub-prime investments have clawed back billions
Read moreLondon pre-open: Lively start expected
20th Jul 2009 07:38
This week's likely to start where we left off on Friday, with decent gains on the back of a late recovery on Wall Street at the end of last week. Futures prices are currently indicating an early rise of about 30 points. Life insurance consolidator Resolution has insisted that any deal with Friends
Read moreDomino's Pizza posts tasty profit
20th Jul 2009 07:14
Domino's Pizza continued lifting sales and profits in the half year to 26 June in spite of the tough economic environment. The pizza delivery group said sales rose by 15% from the same period the previous year to £196.4m, while pre-tax profits were up by 25% to £13.6m. Domino's lifted the dividend
Read moreWeek ahead: Glaxo, Vodafone, BoE minutes
17th Jul 2009 10:05
Domino's Pizza has been bucking the trend during the recession, with the company's takeaway pizzas in high demand as people cut back on eating out but still treat themselves as they stay at home. The firm reported a tasty 9.3% rise in like-for-like sales in the 13 weeks to March 31. Investors will
Read moreLondon close: Heavy losses for Footsie
2nd Jul 2009 16:37
Footsie closed the day nursing triple-digit losses as investors took fright following poor US monthly jobs figures. WPP was the day's worst performer as Citigroup downgraded the UK advertising firm to sell from hold, saying a continuation of the trends in the second quarter would suggest a 7.5% org
Read moreLondon afternoon: Slide accelerates after US open
2nd Jul 2009 15:00
Investors are bailing out of equities in the US ahead of the long holiday week-end in the States, prompting the decline in UK equities to pick up pace. Rio Tinto is the day's worst performer despite a strong response to its $15.2bn rights issue. Shareholders have taken up 96.97% of the shares offer
Read moreLondon midday: Struggle for blue chips
2nd Jul 2009 12:11
London's top stocks are struggling to make headway with the index heading back down as buyers sit on the sidelines. London Stock Exchange is the biggest faller after it announced a new pricing scheme yesterday. The stock market operator says the new tariff would have resulted in £3m worth of tradin
Read moreLondon open: Footsie starts down
2nd Jul 2009 08:18
London's top stocks have dropped in early dealings Thursday after Wall Street steadily declined from morning highs on Wednesday. Rio Tinto shareholders have taken up 96.97% of the shares offered to them as part of the miner's $15.2bn fully underwritten rights issue. The group said on Thursday it r
Read moreLondon pre-open: Drop likely as US gains slashed
2nd Jul 2009 07:42
Wall Street's steady decline from morning highs on Wednesday is likely to leave London lower in early trade. Futures prices are currently indicating an initial deficit of about 25 points. Rio Tinto shareholders have taken up 96.97% of the shares offered to them as part of the miner's $15.2bn fully
Read moreDomino's Pizza buys leasing business
2nd Jul 2009 07:21
Pizza delivery outfit Domino's Pizza has purchased an equipment leasing business from Dresdner Kleinwort Leasing. Domino’s is acquiring the entire issued share capital of Dresdner Kleinwort Leasing March (2) for an initial consideration of £26,007, with a deferred consideration of up to £15m due d
Read moreDomino's vice chairman sells £1m slice
1st Jun 2009 14:50
Colin Halpern, vice chairman of the pizza delivery firm Domino's, has pocketed more than £1m after offloading some of his shares in the group. H S Real, a company owned by a discretionary trust, the beneficiaries of which are his children, sold 500,000 shares at 205p a share. The sale leaves Halpe
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