Broking boss makes £2.6m profit
2nd Nov 2009 16:30
Evolution chief executive Alex Snow has sold £5.2m of shares after being awarded 4.59m shares from two company option schemes after the vesting conditions for the shares were met. The Evolution Group Plc 2000 Executive Share Option Scheme issued 3.09m shares to Snow, Of these, 2.026m did not have
Read moreFriday tips round-up: AstraZeneca, Kazakhmys, Standard Life
30th Oct 2009 06:11
AstraZeneca posted a sparkling set of third-quarter results on Thursday, sending analysts scurrying away to upgrade their numbers. Pre-tax profits rocketed by 24pc, on revenues up 5pc. On closer inspection, however, the results were flattered by a series of ?one-off gains. The Telegraph recommended
Read moreLondon close: Shares end near session high
29th Oct 2009 16:23
London's top stocks closed near its session high on news that the US economy grew faster than expected in the third quarter. Traders loved news that the US economy grew 3.5% annually in the last quarter, more than expected and the fastest rate of increase in two years. Part-nationalised bank Lloyd
Read moreLondon afternoon: Blue chips track US advance
29th Oct 2009 14:55
America's return to growth in the third quarter, stronger UK banks and a better mining sector have propelled London far into the blue Thursday. Traders loved news that the US economy grew 3.5% annually in the last quarter, more than expected and the fastest rate of increase in two years. Part-nati
Read moreFTSE 250 movers: CSR jumps as chip sales impress
29th Oct 2009 12:11
CSR, which makes chips for Bluetooth and Global Positioning System (GPS) devices, is sharply higher after third quarter results were better than expected. Pre-tax profits for the period totalled $10.7m compared with a $30.8m over the same period the previous year. Revenues climbed to $219.9m from $
Read moreLondon midday: Banks shine but Footsie falls
29th Oct 2009 12:05
Shareholders in Royal Dutch Shell are grateful to Lloyds Banking Group for wresting investor attention away from the Anglo-Dutch company's poorly received results, as the part-nationalised bank confirmed it is contemplating digging an escape tunnel from the government's asset protection scheme. Llo
Read moreEbullient Evolution
29th Oct 2009 08:23
Investment management firm Evolution Group expects to beat full year profit forecasts this year on the back of strong trading across all of its divisions. Revenues from the Investment Banking arm in the second half of 2009 will be at least double those seen in the first half, reflecting the increas
Read moreLondon close: Comfortable gains posted
28th Aug 2009 16:40
London's benchmark index finished the day with decent gains, though off earlier highs, with banks and miners proving the catalyst. Lloyds was the major riser on rumours that it is considering alternatives to the government's toxic asset protection scheme (APS), which could include the sale of Scot
Read moreLondon afternoon: Shares aim higher
28th Aug 2009 14:27
London's blue chips have added to gains in afternoon trading ahead of what is expected to be a rosy start on Wall Street. US stocks are seen posting good gains after Intel hiked its third-quarter revenue outlook just before the open. Kazakhmys, Xstrata, Rio Tinto, Antofagasta, Randgold Resources,
Read moreLondon midday: Miners keep Footsie ahead
28th Aug 2009 11:33
Miners and financials are giving the markets a cheer before the extended weekend break. Kazakhmys, Xstrata, Rio Tinto, Antofagasta, Randgold Resources, Anglo American and Vedanta Resources are all amongst the major risers. Lloyds is amongst the risers on rumours that it is considering alternative
Read moreFTSE 250 movers: Restaurant Group leads risers
28th Aug 2009 11:05
Restaurant Group is leading the FTSE 250 risers as cost control measures and a refusal to slash prices helped the company behind the Frankie & Bennie's and Chiquito chains to post a rise in profits for the first half of the year despite falling sales at its restaurants. Pre-tax profits climbed to
Read moreMidcap round-up: JKX Oil, Melrose, SVG Capital, ...
28th Aug 2009 09:45
Oil explorer JKX Oil saw the lower oil prices crimp profits for the half-year but said its second half performance is expected to be in line with expectations. Pre-tax profit slumped to £44.6m from £83.5m before revenues fell to $78.5m versus $116.8m in the same period last year. Revenues were wei
Read moreSector movers: M&S sales rise cheers retailers
1st Jul 2009 12:35
Marks & Spencer is leading the retail sector higher after reporting a rise in sales over the first quarter. Total UK sales rose 1.7% over the period marking a further improvement in the trend seen over the last two quarters. General Merchandise rose 1.2% (Clothing +1.4%; Home +0.1%) and Food incre
Read moreEvolution continues to perform well
1st Jul 2009 07:41
Investment bank Evolution said it continues to perform well with the expansion of its institutional equities business proceeding according to plan. The group said its fixed income capabilities are also making good progress with continued growth in products and customers. Its private client business
Read moreWednesday tips round-up: Marks & Spencer, Burberry, Dairy Crest
20th May 2009 06:35
The time to buy shares in M&S is when sales are rising, it has a long-term chief executive in place and there is a solid strategic plan for the future. Now is clearly not the time on any of those counts. Avoid says the Telegraph. Burberry, the luxury goods group, hailed its full-year numbers as a s
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