London afternoon: Miners shore up Footsie
22nd Sep 2010 14:45
Leading shares made steady progress over the lunch time session returning the blue-chip index more or less back to where it finished overnight. Mining stocks are primarily responsible for the Footsie's level position, with industrial metal miners such as Antofagasta, Kazakhmys and Rio Tinto now do
Read moreLondon midday: Gold stocks shine in dull market
22nd Sep 2010 12:11
The market has been absorbed in interpreting smoke signals from the US and UK central banks today. In the US, the Federal Reserve left interest rates at just above 0% and said yesterday it expects the recovery to continue, but added "the pace of economic recovery is likely to be modest in the near-t
Read moreLondon open: Banks behind weak start
22nd Sep 2010 08:51
Reports that the government is mulling a new bank windfall tax has unsettled share prices this morning. Vince Cable, the Business Secretary, will say in a speech today that bankers present more of a threat to Britain than trade unions, adding that the corporate world is "murky" and that the capita
Read moreLondon pre-open: Small improvement likely
22nd Sep 2010 07:37
Wall Street's move into the black last Tuesday is set to reflect well on London this morning, though gains are expected to be modest first thing. Futures prices indicate an initial 15-point rise for the FTSE 100. Imperial Tobacco is still on track to meet forecasts for the year, though growth in t
Read moreLockhead hands over to O'Toole at FirstGroup
22nd Sep 2010 07:12
Moir Lockhead, the veteran chief executive of FirstGroup, is to retire next March after twenty one years in charge of the bus and train group. His replacement will be his current deputy Tim O'Toole, previously the managing director of London Underground and before that president and chief executive
Read moreUK Rail Union Sees Thousands Of Job Losses, Operational Cuts
21st Jul 2010 14:02
LONDON (Dow Jones)--The U.K.'s rail infrastructure and operations face "catastrophic cuts" if the government reduces the network's budget, the leading transport union said Wednesday. "If reductions on the scale being projected are forced on the transport budget we have no doubt that it will mean
Read moreMARKET TALK: HSBC Initiates Coverage of UK Bus, Rail Stocks
19th Jul 2010 07:28
0628 GMT [Dow Jones] HSBC initiates coverage of UK bus and rail stocks with National Express (NEX.LN) at overweight, 275p target; FirstGroup (FGP.LN) and Go-Ahead Group (GOG.LN) at neutral with 360p and 1110p targets respectively; and Stagecoach (SGC.LN) at underweight with 175p target. The sector
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
19th Jul 2010 07:28
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0628 GMT [Dow Jones] HSBC initiates coverage of UK bus and rail stocks with National Express (NEX.LN) at overweight, 275p ta
Read moreFriday tips round-up: Hays, Man, FirstGroup
9th Jul 2010 06:55
It was a better update from recruiter Hays than might have been expected given the continuing economic uncertainty here and in Europe. Happily for investors, the recruiter's reach extends well beyond these shores to places where the economic climate is altogether sunnier. The prospective yield is
Read moreFirstGroup Says Trading In Line, Reiterates Earnings Growth
8th Jul 2010 11:26
By Jonathan Buck Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Transport operator FirstGroup PLC (FGP.LN) Thursday said trading in its fiscal first quarter was in line with management expectations and it reiterated that it anticipates moderate earnings growth for the year. "With leading po
Read moreFirstGroup 1Q Trading In Line With Views
8th Jul 2010 11:09
LONDON (Dow Jones)--FirstGroup PLC (FGP.LN) said Thursday overall trading during the first quarter ended June 30 is in line with management expectations and added it expects to achieve moderate earnings growth during H1, in line with the full year. MAIN FACTS: -Like-for-like passenger revenu
Read moreFirstGroup chief executive's wife sells stake
16th Jun 2010 15:17
The wife of Sir Muir Lockhead, the chief executive of FirstGroup has sold her stake worth nearly £400,000 in the bus and train operator. Lady Audrey Lockhead offloaded just over 100,000 shares in the company at 394.2p a time. She no longer has any shares in the company, but her husband still has a
Read morePRESS RELEASE: Fitch Revises FirstGroup's Outlook to Stable; Affirms IDR at 'BBB'
15th Jun 2010 11:37
Fitch Ratings-London-15 June 2010: Fitch Ratings has today revised UK- and US-based bus and rail group FirstGroup plc's (FirstGroup) Outlook to Stable from Negative. Fitch has additionally affirmed FirstGroup's Long-term Issuer Default Rating (IDR) and senior unsecured ratings at 'BBB' and affirmed
Read moreFirstGroup Appoints Ex-London Underground Boss As Deputy CEO
9th Jun 2010 10:31
By Jonathan Buck Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Bus and rail operator FirstGroup PLC (FGP.LN) Wednesday announced the appointment of Tim O'Toole, the respected former managing director of London Underground, as chief operating officer and deputy chief executive, lining him up as
Read moreFirstGroup Names Tim O'Toole Deputy CEO, Chief Operating Officer
9th Jun 2010 08:31
LONDON (Dow Jones)--FirstGroup PLC (FGP.LN), a U.K. and North American bus and rail firm, said Wednesday it has appointed Tim O'Toole Chief Operating Officer and Deputy Chief Executive with effect from June 14. MAIN FACTS: -O'Toole joined the Board of FirstGroup as Independent Non-Executive
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