London midday: Stocks add more gains
12th Jan 2011 12:07
Miners continue to keep the FTSE 100 in the blue, adding to yesterday's gains, while three stocks in the FTSE 250 are posting triple-digit gains. Supermarket giant J Sainsbury had its best Christmas ever, with better than expected sales, a growing market share and a record number of customers desp
Read moreLondon open: Early gains for blue chips
12th Jan 2011 08:50
London has pushed on again in early dealings with miners leading the way and a mixed morning so far for retailers. Supermarket giant J Sainsbury had its best Christmas ever, with better than expected sales, a growing market share and a record number of customers despite the snow. Like for like sa
Read moreFenner profitability up sharply
12th Jan 2011 08:27
Conveyor belt maker Fenner has seen a sharp increase in first quarter profitability compared to the same period last year. "In the second quarter, we expect further progress through this seasonally quieter period, benefiting from ongoing margin recovery and further gains in market share. Our order
Read moreLondon close: Shares fall back amid global worries
10th Nov 2010 16:34
Footsie was posting substantial losses by trading's close as losses in the mining sector cancelled out any optimism engendered by company updates. As usual, it was global economic concerns that weighed on the mining sector. US stocks are under pressure amid worries over China's efforts to curb infl
Read moreLondon afternoon: BAE takes off
10th Nov 2010 15:10
Mining stocks are dragging London lower as copper and precious metal prices come off the boil. Kazakhmys, Lonmin and ENRC are the worst performers while precious metals miners Randgold and Fresnillo fare little better. BAE Systems is the best performing blue-chip after holding an investor day ye
Read moreFTSE 250 movers: Talvivaara shines after production hike
10th Nov 2010 14:35
Talvivaara Mining is in demand after the nickel and zinc miner set production records in the third quarter. In the third quarter nickel production rose 18% from the preceding quarter to 3,211 tonnes. Zinc production rose 36% from the second quarter to 7,557 tonnes. Fenner is higher after a bit of
Read moreLondon midday: Footsie slips back as miners give up gains
10th Nov 2010 12:03
Company updates have been given a mixed reception, but a retreat in the mining sector has Footsie in the red. Miners are weak after as profit takers cover some of their gains after the new highs for gold and silver yesterday. Gold miner Randgold and platinum group Lonmin are the worst performers.
Read moreLondon open: Slow start after mixed results
10th Nov 2010 08:54
London has made a slow start with miners running into profit taking after their good run and a mixed response to the latest slug of trading updates. Sainsbury's made enough money to keep analysts happy during the first half though and sales were pretty much as expected given the supermarket giant u
Read moreFenner rejigs leadership after strong year
10th Nov 2010 07:56
There's a bit of reshuffling at the top of conveyer belt maker Fenner as Mark Abrahams swaps his CEO hat for the chairman's role, handing over the reins to company man Nick Hobson. Boss for the past six years, Abrahams, 55, is moving over to replace 70-year-old Colin Cooke who's hanging up his boot
Read moreFenner extends reach in Australia
5th Nov 2010 07:48
Conveyer belt maker Fenner is increasing its presence in the Australian mining market with the acquisition of two providers of conveyer maintenance services and products. It has exchanged contracts that to enter into a joint venture with Victoria-based Belle Banne and Queensland-based Leading Edge
Read moreLondon close: Footsie tops up gains
6th Sep 2010 16:50
Footsie consolidated last week's strong performance with another day of gains, though trading was subdued with the US closed. Telecoms group Cable & Wireless Worldwide was the best performer on a weekend report Singapore Telecom is eyeing up the telephony group. Bid speculation also buoyed Home R
Read moreLondon afternoon: Bid talk enlivens subdued session
6th Sep 2010 14:07
Leading shares remain moderately firmer on balance, but with the US markets closed and with a paucity of corporate news in the UK to get the juices flowing, trading is subdued. Telecoms group Cable & Wireless Worldwide is the best performer on a weekend report Singapore Telecom is eyeing up the tel
Read moreFTSE 250 movers: Fenner motors higher
6th Sep 2010 13:41
Conveyor belt maker Fenner is motoring ahead after saying results for 2010 will be at the top end of forecasts after strong demand from the coal mine industry. "The final two trading months of our 2010 financial year have seen sustained momentum in our performance giving rise to a significant year
Read moreBroker tips: William Hill, Fenner, Chariot Oil and Gas
6th Sep 2010 13:19
Panmure Gordon has raised its earnings estimates for bookie William Hill but is still a seller of the shares, as it believes the market is being over optimistic on the prospects for the high street part of the business. The broker has bumped up current year earnings estimates by about 4% to £191.3m
Read moreBroker snap: Fenner attractively priced
6th Sep 2010 12:57
Conveyor belt maker Fenner is enjoying a decent recovery in its underlying markets, says FinnCap, and with the shares having drifted lower of late the stock is currently priced at an attractive level, the broker believes. The company's pre-close statement points to results being at the top end of e
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