Sector movers: Real estate stocks up, British Land higher
15th Jun 2011 15:07
British Land is lifting the real estate investment trust sector higher after the government's decision not to list the Broadgate office development in the City of London. English Heritage had argued the current buildings, clustered around Liverpool Street Station, were important examples of mid-eig
Read moreFTSE 250 movers: Supergroup plummets ahead of retail data
15th Jun 2011 14:43
The retailers are falling lower ahead of UK retail sales figures due to be released on Thursday. Supergroup, Dixons Retail and Home Retail are among the worst performers, with Supergroup falling over 8%. Regus is leading the risers after withdrawing its offer for MWB Business Exchange earlier this
Read moreFerrexpo at full tilt, costs rise
26th May 2011 11:37
Ukraine-focused iron ore producer Ferrexpo has continued operating at full capacity while seeking to control costs, which are being pushed up by higher commodity prices. Chairman Michael Abrahams was due to tell shareholders that total production has been in line with plans. "Ferrexpo continued to
Read moreFTSE 250 movers: Supergroup, Keller plummet
12th May 2011 14:56
Two companies, SuperGroup and Keller, took a tumble on Thursday, both falling over 20% lower. Fast-growing fashion group SuperGroup failed to get its summer range out in time for the unseasonably warm weather seen recently, resulting in a lower sales growth rate in the three months to 1 May. Grou
Read moreSunday tips round-up: Smith & Nephew, RPC, Ferrexpo...
27th Mar 2011 15:00
Last week, BlackRock - the world's largest asset management firm - increased its position in medical device group Smith & Nephew to almost 45m shares, representing 5.02% of the company, good news for a company consistently at the centre of takeover speculation. Shares in the artificial joint maker
Read moreAxis-Shield finance chief buys
24th Mar 2011 17:01
Ronny Hermansen, the finance director of diagnostics firm Axis-Shield, has invested £31,000 in the company. Hermansen has acquired 10,000 shares at 313.5p each, which takes his stake to 113,498 shares. Axis announced a maiden dividend of 1p a share when it released its 2010 figures last week. Th
Read moreThursday tips round-up: Ferrexpo, Carnival, Petropavlovsk
24th Mar 2011 06:34
If you think we've got problems, try living in Ukraine. Inflation was running at 21 per cent there last year, a headache for companies such as Ferrexpo, which mines iron ore and ships it by rail and barge to its customers, mostly in Central and Eastern Europe. The shares are on about seven times thi
Read moreSector movers: ENRC leads miners higher
23rd Mar 2011 17:37
The mining sector was the best performing sector Wednesday, helped higher by strong gains from the blue chips. Kazakhstan-based mining giant ENRC announced that underlying profits more than doubled last year. Shares in Kazakhmys, Xstrata, Rio Tinto and Antofagasta rose in sympathy. The industrial
Read moreFTSE 250 movers: Ferrexpo heads the risers
23rd Mar 2011 17:30
Ukrainian iron ore pellet producer Ferrexpo was the best performed after it doubled revenue in 2010 as production hit a record, taking full advantage of strong demand and high prices. Heading the other way was Punch Taverns, after the decision to split itself in two yesterday. Oil explorer Soco I
Read moreLondon close: Miners push Footsie higher
23rd Mar 2011 17:19
Footsie ended the day close to its high point though that was largely due to the strength of mining stocks rather than a rapturous reception to the UK Budget. What did get a rapturous reception, at least for a while, was the news that the voting by the Monetary Policy Committee in March on interest
Read moreLondon afternoon: Housebuilders get Budget boost
23rd Mar 2011 15:00
It would appear that the UK Budget was far from a blockbuster as the market has reacted phlegmatically to the Chancellor's big day. The headline grabbing move was the commitment to effectively abolish National Insurance and push up income tax to compensate, but this will not take effect for some t
Read moreLondon midday: Back to square one
23rd Mar 2011 12:24
Footsie ended the morning more or less where it started it, as investors sit tight ahead of the Budget speech at 12:30pm. Resource stocks are in demand, with ENRC sitting atop a buoyant mining sector and Cairn leading oils higher. Underlying profits more than doubled last year at Kazakhstan-based
Read moreFerrexpo profits from price hikes
23rd Mar 2011 08:42
Ukrainian iron ore pellet producer Ferrexpo doubled revenue in 2010 and profit swelled fivefold to almost $500m as production hit a record, taking full advantage of strong demand and high prices. Profit before tax jumped to $498m from $81m in 2009 on sales up $1.3bn from $649m the previous year.
Read moreSunday tips round-up: Ferrexpo, Wm Morrison, Kalahari...
13th Mar 2011 11:35
Ukraine's location and Ferrexpo's-strong transport links make the company the lowest-cost supplier of iron ore pellets to central and eastern Europe and the Middle East. In 2009, Ferrexpo's profits were $81.4m (£51m) but 2010 profits, to be announced in two weeks, are likely to be about $475m risi
Read moreSector movers: Prudential boosts life insurers
9th Mar 2011 15:36
Prudential is providing a lift in the life insurance sector. The blue chip insurer announced today that it made 20% more in 2010 than it did the year before as Asia raced ahead of the US as the company's biggest earner. Group operating profit before tax on a European Embedded Value (EEV) basis jump
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