London close: Triple digit fall for Footsie
15th Jun 2009 17:09
Footsie suffered a triple digit fall today with virtually all blue-chip stocks except defensive favourites such as utilities having their foot jammed hard down on the reverse pedal. Resource stocks led the decline as metals and oil prices moved lower. Platinum miner Lonmin was the weakest stock in
Read moreLondon afternoon: Prices steady at lower levels
15th Jun 2009 14:32
The market moved sideways over the lunch-time session, with the Footsie remaining deep on the red, despite a more upbeat assessment of the economy's prospects from the CBI. The employers' organisation reckons the UK could be out of recession by the end of the year, but any better sentiment was almo
Read moreLondon midday: Dollar rise knocks resource stocks
15th Jun 2009 12:04
London had a difficult morning despite a more upbeat assessment of the economy's prospects from the CBI. The employers' organisation reckons the UK could be out of recession by the end of the year, but any better sentiment was almost immediately squashed by the IMF saying the opposite. It believes
Read moreLondon open: Weak start for blue chips
15th Jun 2009 08:37
London's blue chips have fallen sharply with the miners taking the biggest hit. Platinum miner Lonmin leads the fallers after it shut down its Number One furnace. The group's initial estimate is that a full repair of the vessel is likely to take around 30 days. Other miners are also under pressure
Read moreLondon pre-open: Blue chips to drop
15th Jun 2009 07:37
London's blue chips are expected to fall back in early dealings Monday with traders expecting a 20 point drop. Punch Taverns said it will raise approximately £350m through a placing and open offer and intends to make a tender offer to purchase any or all of its outstanding convertible bonds. The gr
Read moreGalliford Try wins £54m education contract
15th Jun 2009 07:26
Housebuilder and contractor Galliford Try has been awarded a £54m contract called Campus 21 by West Kent College to redevelop the college's Tonbridge campus. The redevelopment will include the construction of a new performance arts building, a main reception area, a community hub and learning area
Read moreGalliford Try on track, improvement in housing market
12th May 2009 08:12
Housebuilder and contractor Galliford Try said it is on track to meet full year company expectations as the 'limited recovery in the housing market seen since the New Year continues.' However on a more cautionary note,"The economic downturn continues to have an impact, with the construction market
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