FTSE 100 movers: Miners move higher
6th Oct 2010 13:51
Miners dominate the risers as metals prices rise on the back of a weak dollar. Kazakhmys is higher after yesterday's share sale by the chairman to the Kazakhstan government. Higher gold prices are pushing African Barrick Gold higher. Even Rio Tinto and BHP Billiton are higher despite doubts abou
Read moreLondon close: Footsie slumps in last hour
30th Sep 2010 16:48
A last hour slump sent Footsie into the red by the close of a roller-coaster day. The index had been over 50 points higher in mid-afternoon after US second quarter gross domestic product (GDP) was revised upwards to show a 1.7% quarterly increase. But the Dow turned down sharply soon after, draggin
Read moreFTSE 100 movers: Burberry bid rumours
30th Sep 2010 13:42
Luxury brands supplier Burberry is continuing its strong rise during September. The shares are more than one-fifth higher this month. There are rumours of an overseas bidder. Man has made up much of the loss from earlier in the week when it disappointed the market by admitting that first half pr
Read moreWednesday tips round-up: Unilever, Centrica, Thomas Cook...
29th Sep 2010 06:45
Unilever shares have underperformed of late, although they have started to bounce from recent lows. However, they are still more than £2 below their recent high of £20.15 seen in December. They hit a low of £16.88 at the end of August. The long-term growth will come from emerging markets, where mor
Read moreLondon close: Footsie rebounds as Wall Street recovers
28th Sep 2010 16:53
An upturn in the US buoyed sentiment on this side of the Atlantic too, helping Footsie to finish in the blue after a choppy day. The day started badly for London's leading share index but it. gradually recovered throughout the morning only to fall back after a poor start on Wall Street then rebound
Read moreFTSE 100 movers: Unilever's Greek buy
28th Sep 2010 14:35
Unilever has followed up yesterday's £2.3bn acquisition of US-based Alberto Culver with a more modest deal to buy Greek company EVGA's ice cream brands. The brands include Scandal, Variete and Karabola. Unilever will also buy the distribution network but EVGA will continue to manufacture the ice c
Read moreLondon afternoon: Footsie becalmed
28th Sep 2010 14:12
Expectations of a firm start on Wall Street have lured buyers back into the market in London and the blue-chip index ended the lunch time session barely changed on the day. Hedge fund manager Man has been usurped as worst performing FTSE 100 stock by weapons systems developer BAE Systems. Defence f
Read moreLondon midday: Man leads London lower
28th Sep 2010 12:22
Confirmation that the UK economy grew 1.2% in the second quarter, its fastest pace in nine years, has done little to quell concerns about future economic growth, both here and abroad, and that prompted a subdued mood in London in the morning session. Hedge fund manager Man is the weakest of the bl
Read moreLondon open: Poor start for blue chips
28th Sep 2010 08:47
London is heading lower led by Thomas Cook after a gloomy update, while miners and banks are also under pressure after a weak finish on Wall Street overnight. Tour operator Cook said it has now started a review of its UK cost base after softer than expected business over the summer and in view of t
Read moreLondon pre-open: Leading shares stalled
28th Sep 2010 07:33
London looks set for a flat opening, continuing the lack of direction seen for much of yesterday's session. Hedge fund manager Man's first half profits will fall by a fifth to $215m as performance fees dwindled after a tough half for its flagship AHL fund. Funds under management have stabilised r
Read moreMan profits down by a fifth
28th Sep 2010 07:12
Hedge fund manager Man's first half profits will fall by a fifth to $215m as performance fees dwindled after a tough half for its flagship AHL fund. Funds under management have stabilised recently and the end of September were up over the previous three months to $39.5bn from $38.5bn. Man's net m
Read moreTuesday preview: Man, Close, Game, JJB, GDP
27th Sep 2010 16:51
Hedge fund manager Man Group gives a pre-close trading update and as usual most of the attention will be on how well the "black box" used by its flagship AHL fund has been doing in predicting market movements. The fund has pulled out of a slump in recent months though the Japanese government's unc
Read moreFTSE 100 movers: Credit Suisse starts coverage of Aggreko
17th Sep 2010 15:24
Aggreko is the best performer after Credit Suisse started covering the back-up generator firm with a neutral recommendation. The shares go ex-dividend next Wednesday. The interim dividend is 6.55p a share. Invensys has become the exclusive supplier of railway signalling to Chinese rolling stock ma
Read moreFTSE 100 movers: ARM recommended
8th Sep 2010 14:59
Broker UBS has issued a downbeat assessment of the European semiconductor market but it makes an exception with chip designer ARM, and has raised its price target for the Cambridge-based firm from 305p to 370p a share. There is also speculation that Samsung is choosing to use ARM technology in new p
Read moreLondon close: US jobs data buoys Footsie
3rd Sep 2010 16:33
Footsie was buoyant as trading closed for the weekend following some well-received US jobs data. The number of Americans who lost their jobs in August was 54,000 compared with predictions of over 100,000. The payrolls count in both the previous two months was also revised higher, exciting another
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