Sector movers: Alternative energy shares continue to fall
1st Mar 2011 14:39
The alternative energy sector is the worst performer, continuing its recent decline. The sector has fallen 12% in the past week, and 23% in the last month. The heaviest faller in the sector is Hansen Transmissions International, the wind turbine gearbox designer. The industrial metals and mining
Read moreFriday tips round-up: RPC, Rio Tinto, DS Smith...
17th Dec 2010 06:57
RPC Group has spent ten years wooing Denmark's Superfos Industries but has finally won the day after its rival agreed to a £205m takeover. Making soup containers for Waitrose and coffee capsules for Nespresso machines may have all the hallmarks of a defensive stock. But the Superfos deal has turned
Read moreFTSE 250 movers: SuperGroup's margin trouble outweighs sales surge
15th Dec 2010 16:13
Trendy fashion retailer SuperGroup leads the market lower Wednesday afternoon after seeing its share price fall by +220p. Early signs for Christmas trade are "very encouraging" with sales rising by 65% in the first half, though a warning on margins has sparked some heavy profit taking. Profit befor
Read moreFerrexpo's logistics purchase
15th Dec 2010 10:57
Iron ore producer Ferrexpo is buying inland waterway transport company Helogistics for €28.5m, which is equivalent to net asset value. Earlier this year, Ferrexpo provided a €6m working capital loan to a subsidiary of Helogistics so it knows the business reasonably well. Helogistics is one of the
Read moreFerrexpo seals deal with Japan's JFE
9th Dec 2010 12:18
Ukrainian iron ore producer Ferrexpo has entered into a long term agreement with the fifth largest steel producer in the world to deliver about 300 thousand tonnes of 65% iron content pellets a year. The deal with JFE Steel, which begins this year, is Ferrexpo's first long term contract in Japan an
Read morePetmin non-exec buys
15th Nov 2010 17:02
Petmin non-executive director Enrique Greyling has invested nearly £41,000 in the anthracite and silica miner. This deal was originally mistakenly reported as a disposal. Greyling has bought 156,000 shares at R2.95 (26p) a share. Greyling owns just over 3.67m shares. His fellow directors have al
Read moreLondon close: Footsie little changed
11th Nov 2010 16:44
Footsie closed little changed, which wasn't a bad result given a triple-digit loss for the Dow when it opened. Ireland was the story breaking as the trading day closed. Yields on benchmark Irish bonds rose to over 9% on reports that the EU might have step in and bail the country out. José Manuel
Read moreLondon afternoon: Financials drag index lower
11th Nov 2010 14:24
An early three-digit loss on Wall Street has the Footsie near its worst levels of the day, with financials the biggest fallers. Insurers Aviva, L&G and Standard Life are deep in the red, as are and RBS and Barclays on fears about Irish debt. Metal heavyweights are limiting the deficit though. Most
Read moreFTSE 250 movers: Higher pellet output fires Ferrexpo
11th Nov 2010 14:21
Ferrexpo has roared ahead after a strong performance from the Ukrainian iron ore producer in the third quarter. Total pellet production in the year to date increased 15.7% compared with 2009. Yule Catto is among the stocks helping to dampen sentiment. A mixed trading update sparked a negative react
Read moreLondon midday: Mining advance fails to lift Footsie
11th Nov 2010 12:14
Big gains from mining companies have failed to haul Footsie into positive territory. The metals groups have marched higher from the off. Antofagasta, Kazakhmys, Xstrata, Fresnillo and Rio Tinto are in demand, as is oil major BP. Iron specialist Ferrexpo is the best performer. Cash is pouring in, o
Read moreRecord production levels for Ferrexpo
11th Nov 2010 10:24
Shares rose in Ukrainian iron ore producer Ferrexpo after a strong third quarter saw total pellet production in the year to date increased 15.7% compared with 2009. Total pellets produced increased to 8.34m tonnes in the year to date, from 7.20m tonnes in the same period previously. "Production in
Read moreLondon open: Small improvement for Footsie
11th Nov 2010 08:16
Blue chips started pretty much as expected, posting reasonable gains in response to yesterday's steady recovery on Wall Street, with commodity plays leading the pack. The Dow Jones was trading deep in the red when London shut up shop Wednesday, but shed nerves ahead of today's G20 meeting in Seoul
Read moreWednesday tips round-up: BP, TUI Travel, Ferrexpo...
6th Oct 2010 06:45
Last week, Bob Dudley, BP's new chief executive, hinted that the company's dividend may be restarted this year. BP suspended its dividend in June for the first time in 18 years as the fallout from the Macondo oil well accelerated. If the dividend is reinstated at the lower level expected by the ma
Read moreLondon open: Gains short-lived
4th Oct 2010 08:37
Renewed interest in the insurance sector and strong miners nudged London into positive territory, but Monday morning blues soon kicked in and stocks are now in the red. Reports in his morning's papers reveal RSA, Resolution, Switzerland's Zurich Financial Services and Germany's Allianz discussed mo
Read moreLondon pre-open: Footsie to renew assault on 5600
4th Oct 2010 07:35
London is expected to open cautiously firmer with City traders thinking the FTSE 100 index might just about breach the 5600 barrier at the opening, which would mean a rise of around 7 points from Friday's close. Hovis bread and Branston Pickle owner Premier Foods has confirmed reports in the weeken
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