London midday: Lloyds leads banking rally
6th Sep 2011 12:13
The top share index is posting big gains now as banks recover and company updates get the thumbs up. Lloyds Banking leads banks higher after a bad day for the sector yesterday amid talk that ratings agency Moody's is set to downgrade the sector. Company updates are the main cause for excitement th
Read moreLondon open: Whitbread leads the rise
6th Sep 2011 08:29
The Footsie opened moderately higher in early trading, helped by strong gains by coffee shop, restaurant and hotel owner Whitbread. Whitbread was the high riser on the blue chip index, gaining over 5%, after it was able to accelerate revenue growth during the first half, posting a 12.9% improvement
Read moreFenner to beat full-year forecasts
6th Sep 2011 07:23
Reinforced polymer technology Fenner has revealed that numbers for the year ended 31 August are likely to be ahead of market expectations, due to strong growth in both the Conveyor Belting and Advanced Engineering Products divisions. In Conveyor Belting, trading has been "robust" with the group cit
Read moreLondon midday: Stocks stay buoyant as bid talks boost Charter
23rd Aug 2011 12:09
The FTSE 100 remains buoyant, with some action on the mergers & acquisitions front giving traders another distraction from ongoing global economic concerns. Engineering group Charter International has confirmed speculation that it has received a second offer following a previous one from rival Melr
Read moreLondon open: FTSE 100 gains as Antofagasta and G4S impress
23rd Aug 2011 08:24
The top share index has continued its rally with the recent gloom seemingly giving way to cautious optimism. Miners are in demand amid a perception that recent falls on worries over global economic growth may be overdone. Among the risers is South America-focused copper group Antofagasta which pos
Read moreLondon pre-open: Revival set to continue
23rd Aug 2011 07:26
Footsie is tipped to open with a 50 point gain, continuing yesterday afternoon's revival. Security services provider G4S said it is seeing organic revenue growth accelerating in most regions and business sectors, as the global economy continues its recovery from the recession. Group turnover rose 5
Read moreFenner skewers Aussie seal maker
23rd Aug 2011 07:08
Fenner, the FTSE-250 engineering firm, has acquired the Australian sealant manufacturer Transeals. The deal will see Fenner, through its wholly owned subsidiary Hallite Seals Australia, acquire assets valued at A$5.586m and is expected to be complete by early September. Transeals manufactures and
Read moreFenner sees strong third quarter sales
18th Jul 2011 08:00
Reinforced polymer products manufacturer Fenner said that third quarter trading has been in line as it recorded "significantly" higher revenues (at constant currency) than the same period the year before. The company, which designs and manufactures conveyor belts, high-temperature hoses and belt/ch
Read moreFenner buys belting Tasmanian company
4th Jul 2011 07:17
Conveyor belt maker Fenner has bought a belting privately owned company in Tasmania. Fenner is buying Statewide, a privately owned company based in Burnie, Tasmania, with gross assets of AU$3.95m as at the end of June 2010. Statewide specialises in the provision of belting products, accessories an
Read moreFenner profits soar as recovery continues
27th Apr 2011 09:13
Conveyor belt maker Fenner nearly doubled profits in the six months to 28 February as revenues soared amid continuing economic recovery. Underlying pre-tax profits were up by 93% from the same period a year ago at £31.4m on revenues that increased by 35% to £332.5m. "Half year revenue was signific
Read moreTuesday tips round-up: Intertek, Tarsus, Stagecoach...
8th Mar 2011 06:58
Shares in testing specialist Intertek, up 95p to £19.94p, have been very strong over the past couple of weeks and have almost recovered to their £20 peak of early December. They are by no means cheap, changing hands on 20 times' this year's earnings, but the company is a strong play on the strengt
Read moreFTSE 250 movers: Forth Ports on the rise
7th Mar 2011 13:10
Forth Ports is leading the risers after agreeing to let its major shareholder Arcus Capital go through its books ahead of a possible £16.30 bid that would value the Scotland-based port group at just shy of £750m. Conveyor belt maker Fenner said that the sharp increase in profitability experienced
Read moreProfit growth continues at Fenner
7th Mar 2011 07:20
Conveyor belt maker Fenner said that the sharp increase in profitability experienced in the first quarter has been maintained to the half year end in both its Conveyor Belting and Advanced Engineered Products divisions. "First half trading has been characterised by both volume and margin improvemen
Read moreLondon close: More gains for FTSE 100
12th Jan 2011 16:43
Strong financial and mining stocks helped to drive the top share index higher Wednesday, while M&A activity and company updates had some FTSE 250 constituents soaring. HSBC went well, helped by a "buy" recommendation from Barclays Capital, but fellow banks Standard Chartered and Barclays were also
Read moreLondon afternoon: Miners and banks lead the advance
12th Jan 2011 14:35
Footsie is continuing to keep its head above water, not to mention 6,000, but it is largely thanks to the strength of miners and financial stocks, with the latter in demand after Portugal's bond auction proved relatively successful. HSBC is the best performing financial, helped by a "buy" recommend
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