London open: Footsie on rise again
29th Jul 2009 08:47
London is back on a rising trend after yesterday's blip that ended the eleven day upward streak. A partial recovery in the US last night that saw Wall Street end with just a small loss has helped the mood. Results have been mixed. Reckitt Benckiser demonstrated again that it lives in a different re
Read moreEasyJet predicts FY profit
29th Jul 2009 07:49
Budget airline easyJet expects to make a full-year profit of up to £50m after increasing revenue by 12% in the third quarter. Revenue hit £721m in the three months to 30 June, up from £641m a year ago, with the movement of Easter to the third quarter from the second helping revenue per seat rise 10
Read moreWednesday preview: BG Group, Cadbury, easyJet
28th Jul 2009 15:50
Oil and gas explorer BG Group follows hot on the heels of sector peer BP in declaring second quarter results on Wednesday. The company has a lesser dependence on oil production than BP so the value of a read across from BP's results is limited; gas prices have not recovered nearly as swiftly as oil
Read moreLondon close: Footsie equals winning streak
27th Jul 2009 16:59
Though it was a close run thing the Footsie ended the day in the blue, equalling its record run of 11 successive days of rises. The blue-chip index was supported by a strong performance from miners and the part-nationalised banks. Lonmin was wanted after Goldman Sachs upgraded the stock to "neutr
Read moreLondon afternoon: Winning streak in danger
27th Jul 2009 14:34
Footsie has dipped back into the red, with sentiment taking a knock from Wall Street's soft opening. Were the Footsie to finish higher today it would equal a record streak of 11 successive days of gains. Pearson remains the best performer on a much better than expected trading update. The publishin
Read moreLondon midday: Pearson beats expectations
27th Jul 2009 12:07
Strong mining stocks are supporting the Footsie's quest to achieve a record breaking 12th successive day of gains today. Lonmin leads the mining sector higher after Goldman Sachs upgraded the stock to "neutral" from "sell". Kazakhmys and Antofagasta are the next best performers. Pearson remains th
Read moreSunday newspaper round-up: Rexam, Anglo American, National Express
26th Jul 2009 11:07
Rexam, the world's largest drinks can maker, will this week launch a £350m rights issue in a move aimed at preserving its investment grade credit rating. The fundraising will make Rexam the first to warn explicitly about the need to secure fresh capital in order to maintain its investment grade sta
Read moreLondon close: Late rally fizzles out
6th Jul 2009 16:37
Footsie made a brief attempt to lift itself into the blue in late trading but finished where it spent most of the day: firmly in negative territory. Declining metal and oil prices took their toll on resource stocks. Copper miners Lonmin and Kazakhmys are among the big fallers, despite both stocks b
Read moreLondon afternoon: Defensives in favour as stocks slide
6th Jul 2009 14:26
Footsie is halfway to a triple digit fall as resource stocks drag the market lower, with many pundits suggesting that the market may have bounced back too far since it reversed course in March. Declining metal and oil prices are taking their toll on resource stocks. Copper miners Lonmin and Kazakhm
Read moreFTSE 250 movers: Moneysupermarket update cheers market
6th Jul 2009 12:33
Price comparison website Moneysupermarket.com is going well after saying results for the third quarter are in line with expectations after a mixed third quarter. The firm's travel operations were among the strong performers. EasyJet gain altitude after the airline said it carried 0.8% more passenge
Read moreLondon midday: Miners drag Footsie down
6th Jul 2009 12:07
Resource stocks have dragged Footise lower and with Wall Street predicted to open lower there is little prospect of a transatlantic boost in the afternoon session. Declining metal and oil prices are taking their toll on resource stocks. Copper miners Lonmin and Kazakhmys are among the big fallers,
Read moreLondon open: Weak start for Footsie
6th Jul 2009 08:56
London has opened sharply lower in early deals as traders await the return of Wall Street, back after Friday's Independence Day holiday. Miners are the worst performers after concern that the poor US jobs data heralds more economic woe for the country. Xtrata, Rio Tinto, Lonmin and Fresnillo are wo
Read moreLondon pre-open: Stocks seen slipping
6th Jul 2009 07:34
The futures market indicates London could lose around 25 points in early deals as traders await the return of Wall Street, back after Friday's Independence Day holiday. The Dow Jones, which fell over 200 points on Thursday following terrible jobs data, is currently seen extending losses when it re-
Read morePassenger numbers up at easyJet
6th Jul 2009 07:04
Budget airline easyJet carried 0.8% more passengers in June than the same time last year, although the load factor eased slightly. That increase wasn't as impressive as the previous month's 1.8% jump, but the carrier still ferried almost 4.15m people around during the month. The load factor, which
Read moreLondon close: Rio bombshell pulls back Footsie
4th Jun 2009 17:03
Rio Tinto dominated late trading as its deal with Chinese giant Chinalco looked all but dead in the water as the mining giant confirmed it is considering its options. A rights issue to raise up to $15bn could be announced as soon as tomorrow according to reports in Australia. Rio shares slumped by
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