London pre-open: Losing streak to continue
19th Jul 2010 07:36
Friday's steady sell-off on Wall Street is expected to turn London lower when trading gets underway this morning. Futures prices indicate the FTSE 100 will start down about 24 points. It's fallen for the last three trading days from 5,271 on Tuesday. In company news, International Power and French
Read moreFenner says profit, revenue 'well ahead'
19th Jul 2010 07:22
Industrial conveyor belt maker Fenner said trading is comfortably meeting expectations with revenue and underlying operating profit in the third quarter well ahead of the comparable period last year. Trading in the Advanced Engineered Products division has exceeded the group's expectations, with gr
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
13th Jul 2010 12:38
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1138 GMT [Dow Jones] Royal Bank of Scotland lifts Fenner (FENR.LN) price target to 241p from 217p, taking into account new
Read moreMARKET TALK: Royal Bank of Scotland Lifts Fenner Price Target
13th Jul 2010 12:38
1138 GMT [Dow Jones] Royal Bank of Scotland lifts Fenner (FENR.LN) price target to 241p from 217p, taking into account new monies on the balance sheet and a higher number of shares in issue after the equity raising. Says any historical balance sheet concerns should have been put to rest following th
Read moreLondon close: Footsie powers forward
8th Jul 2010 16:59
Footsie's strong recovery continued for a third day with the blue chip index closing above 5,100 driven by buoyant financial services companies. The index is up by more than 300 points this week and to its highest in nine days. Growing optimism about the European bank stress tests and yesterday's
Read moreLondon afternoon: Footsie on fire
8th Jul 2010 14:13
Bullish banks and rising commodity prices have sparked a fresh rally, taking this week's recovery near to 300 points and the leading index to its highest in nine days. Growing optimism about the European bank stress tests and yesterday's forecast upgrade by American peer State Street had buyers all
Read moreLondon midday: Banks buoyed by IMF report
8th Jul 2010 12:03
Leading shares resumed their upward trek late in the morning session, with banks leading the advance ahead of the announcement of the Bank of England's rate decision announcement. The Bank kept interest rates unchanged at 0.5%, as expected Buyers have been chasing bank prices higher after the Inter
Read moreLondon open: Banks and miners lead advance
8th Jul 2010 08:17
London's top stocks got off to a flying start, up around 1% in early dealings, with banks and miners leading the way. Royal Bank of Scotland and Barclays have both added more than 4%, closely followed by Lloyds Banking, up just under 4%. Among the miners, Antofagasta, Xstrata and Kazakhmys are in d
Read moreFenner Buys MRI Manufacturing; Acquires $2.6M Gross Assets
8th Jul 2010 07:17
LONDON (Dow Jones)--Conveyor belt manufacturer Fenner PLC (FENR.LN) Thursday said it has bought MRI Manufacturing & Research, which will expand its expertise in polymer and elastomer engineering and help increase its position in the medical industry. Tuscon, Arizona-based MRI develops and makes
Read moreFenner Plc Acquisition Of Mri Manufacturing & Research, Inc
8th Jul 2010 07:00
TIDMFENR RNS Number : 0183P Fenner PLC 08 July 2010 ? Fenner PLC ("Fenner") Acquisition of MRI Manufacturing & Research, Inc ("MRI Medical") Fenner is pleased to announce that it has acquired 100% of the share capital of MRI Medical, a privately owned corpor
Read moreThursday tips round-up: BAT Industries, Fenner, Stagecoach
29th Apr 2010 06:37
British American Tobacco signalled that consumers continue to cut back on smoking cigarettes globally, despite the recession drawing to a close in many of its markets. BAT shares trade on a 2011 price-earnings ratio of 11.1, which is a premium to rival Imperial Tobacco. Therefore, despite the expec
Read moreLondon close: S&P puts spanner in the works
28th Apr 2010 17:09
For the second day in a row the debt ratings agency Standard & Poor's has sent markets into a late swoon, this time with a downgrade on Spanish sovereign debt. Standard & Poor's (S&P) cut its long-term sovereign credit rating on Spain, saying the country is likely to see an extended period of subd
Read moreLondon afternoon: Footsie in positive territory
28th Apr 2010 14:40
The FTSE 100 is now in positive territory as heavily weighted index constituents such as Shell, BP, HSBC and Glaxo make headway, but the FTSE 250 index remains in the red. Higher oil prices helped Royal Dutch Shell post a sharp rise in earnings in the first quarter of 2010. Profit jumped to $4.9bn
Read moreLondon midday: Stocks off the bottom
28th Apr 2010 12:13
Blue-chips are beginning to recover their poise, helped by demand for heavyweight oil stocks in the wake of better than expected results from Shell, and a positive reaction to results from Glaxo, released at noon. Higher oil prices helped Royal Dutch Shell post a sharp rise in earnings in the first
Read moreFTSE 250 movers: Fenner a faller
28th Apr 2010 11:27
Industrial conveyor belt maker Fenner falls after it announced a placing to fund acquisitions after posting a rise in pre-tax profits in the six months to February 28 despite lower revenues. Investors are betting against 888 Holdings after the online gambling company said trading has been disappoin
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