London pre-open: Firm start foreseen
5th Mar 2010 07:48
Spurred on by Wall Street's solid performance yesterday UK equities are set to open the day on a firm footing with traders predicting the blue-chip index will open at around 5,550 compared to last night's close of 5527. WPP has been hit hard by the recession and slump in advertising spend, but head
Read morePrivate equity slows F&C
5th Mar 2010 07:09
Investment trust giant Foreign & Colonial saw its net asset value per share jump 18.8% in 2009, despite a fall in the value of its private equity portfolio. Net asset value per share at the end of the year was 304.7p. Net asset value total return was 21.3%, below the returns of the trust’s benchma
Read moreMcKenna's Ingenious discount
17th Dec 2009 16:06
Non-executive director Patrick McKenna has taken advantage of a large discount to net asset value to snap up 12.6m shares in investment company Ingenious Media Active Capital. The total cost of the stake was £5.8m. He paid 46p a share compared with a net asset value of 65.6p a share at the end of
Read moreF&C names new chairman
22nd Sep 2009 15:29
Foreign & Colonial has appointed Simon Fraser a non-executive director and chairman designate of the investment trust. The current chairman, Mark Loveday, will retire immediately following the Annual General Meeting in May 2010. Fraser is a non-executive director of Barclays, Merchants Trust, Fid
Read moreLondon close: Stocks pushed lower
5th Aug 2009 17:00
London's top stocks finished in the red as a poor start in the US and ex-dividends eventually ate into the early gains. US shares made a dull start on worse than expected job losses in July according to the private firm ADP. It said 371,000 people were laid-off compared to estimates of 350,000. L
Read moreLondon afternoon: Blue chips hang onto gains
5th Aug 2009 14:27
Footsie is holding its own in the afternoon session with Lloyds soaring despite a massive interim loss. US shares have made a dull start on worse than expected job losses in July according to the private firm ADP. It said 371,000 people were laid-off compared to estimates of 350,000. The survey is
Read moreLondon midday: Lloyds pulls Footsie higher
5th Aug 2009 11:24
Footsie is in the blue now as financials push ahead again on the back of Lloyds Banking, which is motoring forward. Lloyds Banking shares are up over 13% as investors bet that the worst of the bad debts that caused an underlying loss of £4bn in the half year to June are passed. Impairment charges
Read moreF&C NAV down 5.5%, cautious outlook
30th Jul 2009 09:40
Investment trust Foreign & Colonial reported a 5.5% drop in net asset value per share and said it is cautious about the rest of 2009. Net asset value per share (debt at market value) fell to 242.59p in the six month ended 30 June (30 June 2008 316.93p and 31 December 2008 256.59p), while the group'
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