London afternoon: Defensive stocks back in favour
26th May 2009 14:42
Hopes that Wall Street might provide a fillip to UK shares have been dashed as US markets open in a similarly dull fashion to London. Mining stocks and financials are the worst performers while defensive sectors such as tobaccos and supermarkets have returned to favour. Mining giant Rio Tinto is lo
Read moreLondon midday: Equities drift lower
26th May 2009 12:07
It was a dull morning session for London's leading shares, with the market following Asian markets lower after the news broke concerning North Korea's nuclear bomb test. Mining stocks and financials are the worst performers. Mining giant Rio Tinto is lower after it agreed a 33% cut in contract fin
Read moreFormation confirms talks, shares jump
26th May 2009 10:24
Shares in celebrity agent Formation Group soared after it confirmed it has received indications of interest from private equity group Gresham over 'certain parts' of the business. The statement comes after the Sunday Times reported that a management team including chief executive Neil Rodford backe
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