London close: Footsie soars as earnings impress
2nd Aug 2010 16:51
Footsie posted triple-digit gains as strong earnings here and elsewhere cheered investors. HSBC gave the banking sector a lift. The global banking giant's pre-tax profit more than doubled to $11.1bn on a reported basis, while underlying pre-tax profit rose by 30% to $9.6bn/ Loan impairment charges
Read moreLondon afternoon: Triple digit rise for Footsie
2nd Aug 2010 14:20
The Footsie is sitting on a triple-digit gain though the benchmark index has largely traded sideways since 9:30 this morning when the purchasing managers index (PMI) for UK manufacturing was released. The index showed that activity in British factories grew at a slower pace in July, but the decli
Read moreLondon midday: Banks set the pace
2nd Aug 2010 12:14
Banking shares drove London higher in the morning session after better than expected figures from global banking giant HSBC. HSBC's pre-tax profit more than doubled to $11.1bn on a reported basis, while underlying pre-tax profit rose by 30% to $9.6bn/ Loan impairment charges and other credit risk
Read moreElementis H1 profit soars
2nd Aug 2010 08:33
Speciality chemicals supplier Elementis reported better than expected half year profit and it expects to make progress throughout the rest of the year. "We experienced higher volumes in all key markets and all regions due to better underlying economic conditions and market share gains," said chief
Read moreElementis 1H Pretax Profit $46.2M Vs Loss $44.4M
2nd Aug 2010 07:44
LONDON (Dow Jones)--Elementis PLC (ELM.LN), a global specialty chemicals company, said Monday that it made pretax profit of $46.2 million for the half year ended June 30, compared with loss $44.4 million, and said a robust order book give it confidence in its ability to make further progress as the
Read moreTuesday tips round-up: Invensys, Elementis, Cranswick
25th May 2010 06:47
Invensys revealed yesterday its order book grew from £2bn to £2.3bn, and the company has been especially focusing on emerging markets, which account for 40% of orders. It has £363m in cash on the balance sheetand there could still be value to be found as the economy recovers. Buy says the Independ
Read moreElementis sees FY 'well ahead'
24th May 2010 07:39
Speciality chemicals supplier Elementis said earnings for the first half are now expected to be 'significantly ahead' of the company's expectations on the back of robust demand. Elementis said while second half earnings are expected to be lower than the first half, it does expect earnings for the
Read moreLondon close: Greek problems resurface
22nd Apr 2010 16:45
Worries about Greece's debt situation knocked global markets and kept Footsie in the red at the close. Greece's financial situation came under scrutiny again after the statistics agency Eurostat warned the country's 2009 budget deficit was 13.6%, more that the 12.7% previously estimated, and warned
Read moreLondon afternoon: No help from US
22nd Apr 2010 14:59
Footsie is not being helped by the US, which has started deep in the red, as worries about Greece's debt situation knocks global markets. Greece's financial situation is under scrutiny again after the statistics agency Eurostat warned the country's 2009 budget deficit was 13.6%, more that the 12.7
Read moreLondon midday: Greek worries resurface
22nd Apr 2010 11:56
Footsie remains deep in the red now as concerns about Greece's debt situation resurfaced. Greece's financial situation is under scrutiny again after the statistics agency Eurostat warned the country's 2009 budget deficit was 13.6%, more that the 12.7% previously estimated. Financials are the majo
Read moreLondon open: Shares slightly lower
22nd Apr 2010 08:13
London's top stocks have opened slightly lower after the US gave up most of its gains before trading closed last night. Bus and rail operator Arriva has agreed to be taken over by Germany's Deutsche Bahn in a £1.59bn deal that will create a new European transport giant. Under the terms of the deal,
Read moreElementis sees FY ahead of market forecasts
22nd Apr 2010 07:59
Speciality chemicals supplier Elementis said full year earnings are expected to be ahead of current market expectations as demand picked up in the first three months of the year. On a cautionary note, the group said restocking appears to have had a strong influence during at the start of the year
Read moreProfit slump at Elementis
23rd Feb 2010 16:10
Speciality chemicals supplier Elementis reported a sharp fall in underlying profits in 2009 but says that there are initial signs of recovery. Sales fell from £400.5m to £363.7m, while pre-exceptional profit slumped from £48.5m to £18.3m. The revenues would have looked worse had it not been for mo
Read moreLondon close: Late swoon by Footsie
30th Oct 2009 16:52
Mining stocks proved a major millstone around Footsie's neck today while end of the month position closing also contributed to a fall of almost 2% on the blue-chip index, a decline that was mirrored on Wall Street. The US market gave back most of yesterday's gains in the morning session after US co
Read moreLondon afternoon: Shire provides some cheer
30th Oct 2009 14:19
Footsie dipped into the red over the lunch-time session, as Wall Street opened lower. Metal prices are in retreat, prompting investors to bail out of mining stocks, including precious metals miners such as Fresnillo and Randgold. Among base metal miners, Kazakhmys and Lonmin are the worst perform
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