London close: 'Obama-rally' squashed by euro concerns
7th Nov 2012 16:46
- Footsie retreats from eight-month high after EC forecast - Fiscal cliff, Germany and Greece weigh on sentiment - Randgold loses 6.4 per cent after Q3 statement The 'Obama-rally' proved only temporary on Wednesday as concerns about the Eurozone crisis offset any optimism regarding the re-election
Read moreFTSE 250 movers: Spirax Sarco rises on sales increase
7th Nov 2012 14:55
Engineering group Spirax Sarco jumped after saying that organic sales increased six per cent in the four months to the end of October, ahead of the rate of growth reported in the first half. Online gaming software company Playtech was in demand after delivering impressive revenue growth in the thi
Read moreLondon midday: Footsie at eight-month high after Obama re-election
7th Nov 2012 11:22
- Footsie rises to eight-month high in intraday trade - Obama re-election sparks rise in metals prices - Randgold bucks the trend after disappointing Q3 Investors were in a bullish mood on Wednesday morning, celebrating the news that Barack Obama has been re-elected for another four years as Presid
Read moreWednesday broker round-up
7th Nov 2012 08:59
3Leg Resources: Jefferies keeps buy rating and 100p target AB Foods: Barclays Capital ups target from 1,375p to 1,475p, overweigh rating kept; Nomura ups target from 1,380p to 1,500p, buy rating kept. Aberdeen: UBS ups target from 340p to 370p, buy rating kept. Babcock: Jefferies ups target from
Read moreLondon open: Mining stocks gain after Obama re-election
7th Nov 2012 08:27
- Miners track metals higher as Obama re-elected - Randgold bucks trends after Q3 results - Pearson makes gains on FT sale rumours Mining stocks on Wednesday celebrated the news that Barack Obama has been re-elected as President of the United States, with hopes for further stimulus Stateside boosti
Read moreFenner lifts dividend by nearly a third
7th Nov 2012 07:07
Industrial conveyor belt maker Fenner reported a stellar increase in profit and revenue for the year and lifted its dividend payment by 31 per cent. Profit before taxation rose 27% in the 12 months ended August 31th to £88.6m while underlying pre-tax jumped 30% to £103.9m. Revenue for the year was
Read moreLondon pre-open: Eurozone worries to dampen spirits
26th Oct 2012 07:33
City sources predict the FTSE 100 will open down 35 points from yesterday's close of 5,805, hit by a renewed concern over the Eurozone after the International Monetary Fund released a worrying report on the debt loads of Greece, Ireland and Spain. Worsening the situation, Standard and Poor's has do
Read moreFenner subsidiary buys Aussie engineered conveyor solutions firm
26th Oct 2012 07:09
Reinforced polymer technology firm Fenner said on Friday that its wholly owned subsidiary, Fenner Dunlop Australia, has agreed to acquire 100 per cent of the share capital of ACE, a privately owned group of companies based in New South Wales, Australia, which specialises in supplying engineered conv
Read moreLondon close: Footsie jumps to six-month high on QE3
14th Sep 2012 16:26
- Footsie closes at highest level since mid-March - Markets celebrate QE3 announcement - Mining stocks surge as demand outlook improves Massive gains in the mining sector lifted the FTSE 100 to a six-month high on Friday as markets reacted to the Federal Reserve announcement of further economic sti
Read moreLondon midday: Stocks flat ahead of another busy week
10th Sep 2012 11:51
- Markets await German ruling on ESM and FOMC meeting - Trade data in China disappoints - Miners gain on hopes for QE The FTSE 100 was trading within a narrow range on Monday morning, with just 20 points between the intraday high and low, as investors continued to show caution ahead of what's likel
Read moreMonday broker round-up
10th Sep 2012 09:13
Barclays: UBS raises target from 205p to 235p, buy rating unchanged. Chariot Oil & Gas: Peel Hunt downgrades to sell, target cut from 150p to 40p; Merchant Securities downgrades to sell, target cut from 232p to 29p. Debenhams: Seymour Pierce raises target from 80p to 100p, hold rating kept. Euras
Read moreFenner remains on track
10th Sep 2012 07:16
Reinforced polymer technology firm Fenner said current trading remains in line with company expectations, despite continuing macro-economic uncertainty, with results for the year ended 31st August 2012 expected to show substantial growth in revenues and profit. Fenner said the fundamentals of its c
Read moreLondon open: Chinese trade data depresses miners
10th Aug 2012 08:50
Mining stocks are weighing down the Footsie in early trade after weak Chinese trade data was released on Friday morning. Chinese exports grew 1.0% from a year earlier in July, which is not the sort of growth the market has become used to; economists had plumped for a growth rate of 8.6%. Imports,
Read moreLondon pre-open: FTSE to track Asian stocks lower
10th Aug 2012 07:36
City sources predict the FTSE 100 will open down 18 points from yesterday's close of 5,852, tracking losses seen in Asia, where data revealed a decline in its trade surplus. The surplus shrunk from $31.7bn in June to $25.1bn last month, with exports up just one per cent. Cobham, the defence tech
Read moreFenner shops again in Norway
10th Aug 2012 07:07
Reinforced polymer technology firm Fenner has announced its third acquisition of the month, and once again it has returned to Norway to make a deal. Fenner subsidiary Fenner Norway has exchanged contracts to purchase 100% of the share capital of Mandals, a privately owned group of companies based i
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