Sector movers: International Power surges on results
11th Aug 2009 12:25
Strong results from International Power have jolted the electricity sector higher. The power generator reported a rise in profit in the six month period, thanks to improved contributions from Australia and Asia. It is the strongest riser in the sector, with fellow electricity stocks such as Scottis
Read moreEnterprise Inns bosses take profits
10th Aug 2009 16:12
Directors at tenanted pub group Enterprise Inns have taken the opportunity to pocket some profits following a strong rally in the firm's share price. Chief executive Ted Tuppen sold 300,000 shares at 167.01p a time, or a total of about £500,000, leaving him with just under 2.9m shares in the firm.
Read moreWednesday tips round-up: Legal & General, Marston's, Drax
5th Aug 2009 06:40
Life insurance is a complicated business, says Legal & General's chief executive Tim Breedon, adding that that explains the relative cheapness of his company's stock. The shares got even less expensive yesterday, when they fell 4.75% after the group's first-half results. Complicated accounting proc
Read moreWeaker prices hit Drax profits
4th Aug 2009 07:57
Power generator Drax has made "steady" progress in the first six months of 2009, although falling power prices sent profit tumbling. Profit before tax for the half year slumped to £33.8m from £149.5m a year earlier on revenue down to £707m from £802m. Drax said the results reflected a drop in the
Read moreLondon close: Lacklustre Footsie in late fall
23rd Jun 2009 16:44
Footsie slipped into the red in late trading Tuesday having sat just above the zero mark for most of the day on a lacklustre day's trading. Information conglomerate Thomson-Reuters moved up after it confirmed it is to delist from the London Stock Exchange and NASDAQ, while retaining its listings on
Read moreLondon afternoon: Miners provide a lift
23rd Jun 2009 14:15
London remains moderately firmer, helped by expectations of a similarly gentle upward shift on Wall Street when the US market opens and the strength of mining stocks. Information conglomerate Thomson-Reuters is on the upturn after it confirmed it is to delist from the London Stock Exchange and NASD
Read moreSector movers: Investors applaud Thomson Reuters delisting
23rd Jun 2009 13:26
Media stocks are going well after information giant Thomson Reuters said it is to delist from the London Stock Exchange and NASDAQ, while retaining its listings on the Toronto and New York stock exchanges. The company said that unifying the company's capital structure "will consolidate and improve
Read moreFTSE 250 movers: JD Wetherspoon fizzing after upgrade
23rd Jun 2009 13:25
Investors have raised a glass to JD Wetherspoon after Morgan Stanley lifted its rating on the pub group to 'overweight' from 'underweight', after falls in the company's share price lately. Rival pub group Marston's is unwanted though. Military decoy specialist Chemring is going well after it saw ha
Read moreLondon midday: Equities firmer on balance
23rd Jun 2009 12:01
London's leading shares continue to defy expectations and trade higher on balance, despite a weak showing overnight from Asian markets in the wake of yesterday's fall on Wall Street. Information conglomerate Thomson-Reuters leads the way. It has confirmed it is to delist from the London Stock Excha
Read moreLondon open: Footsie pushes ahead
23rd Jun 2009 08:50
London's blue chips have made early progress despite predictions they could open lower. Information conglomerate Thomson-Reuters leads the way. It has confirmed it is to delist from the London Stock Exchange and NASDAQ, while retaining its listings on the Toronto and New York stock exchanges. Holde
Read moreLondon pre-open: Dull start in prospect
23rd Jun 2009 07:30
London looks set to follow Wall Street and Asian markets lower at the outset, with dealers predicting the FTSE 100 will open around 20 points lower than the previous close of 4,234. Information conglomerate Thomson-Reuters has confirmed it is to delist from the London Stock Exchange and NASDAQ, whi
Read moreDrax raises £100m to restore credit rating
23rd Jun 2009 07:23
Power station operator Drax is to raise £100m through a placing to restore its credit rating after a recent downgrade by Standard & Poor's. The group will place 25.5m new ordinary shares, approximately 7.5% of Drax's existing issued ordinary share capital, through an accelerated bookbuild today.
Read moreLondon close: Footsie buoyed by global rally
1st Jun 2009 16:35
London's top stocks finished with stellar gains as optimism about the global economy boosted markets worldwide. Hopes of a recovering economy pushed forward commodities. Oil is near $68 per barrel, while copper climbed to $5,000 per tonne, its highest since October. Gold rose to $985 an ounce. C
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