London midday: Stocks off the bottom
28th Apr 2010 12:13
Blue-chips are beginning to recover their poise, helped by demand for heavyweight oil stocks in the wake of better than expected results from Shell, and a positive reaction to results from Glaxo, released at noon. Higher oil prices helped Royal Dutch Shell post a sharp rise in earnings in the first
Read moreLondon open: Footsie heading lower
28th Apr 2010 08:51
Footsie has opened lower though losses so far are not anywhere near the scale seen on Wall Street and Asia overnight. Concern over the state of the eurozone economy may mean more weakness later but for now investors seem happy to wade through an avalanche of results and trading updates. Oil groups
Read moreManaged pubs lead the way at Greene King
28th Apr 2010 07:37
Brewer and pub operator Greene King reported strong trading for the 49 weeks to April 11, with higher sales from its more food-orientated managed operations helping to offset weakness at leased pubs. Greene King Retail, which includes the Hungry Horse and Old English Inn brands, saw like-for-like s
Read moreFTSE 250 movers: Computacenter slips despite profit hike
11th Mar 2010 13:09
IT infrastructure services provider Computacenter falls back even after it reported a better than expected 26% rise in full-year pre-tax profit and said it enters 2010 in good shape. A North Sea oil find has boosted shares in Premier Oil. The oil company has found oil at its wildcat well 34/5-1 S o
Read moreFTSE 250 movers: Northumbrian gushes ahead
1st Feb 2010 15:51
Northumbrian Water has spurted higher on reports a Canadian pension fund is poised to bid. Fellow water group Pennon rises in sympathy. On the downside, pub groups are out of favour, with Marston's and Greene King among the fallers. FTSE 250 - Risers Northumbrian Water Group (NWG) 288.80p +11.68%
Read moreThursday tips round-up: Vedanta, Tullow, Greene King
28th Jan 2010 05:54
There are few large-cap miners whose shares are as geared to commodity prices as India's Vedanta Resources. Last year's share price performance ? a rise of 327 per cent ? said as much. So, too, did yesterday's third-quarter update. The imminent redemption of a $725 million convertible bond at a 40 p
Read moreLondon close: Footsie weakness continues
27th Jan 2010 17:00
Shares continued their weak run of recent days, with the FTSE 100 ending the day deep in the red. Mining stocks fell on enduring concerns that the Chinese authorities will introduce further measures aimed at cooling down the country's overheating economy. Xstrata, Fresnillo and Anglo American are t
Read moreFTSE 250 movers: Strong trading cheers Greene King
27th Jan 2010 14:17
Investors have raised a glass to brewer Greene King. Trading over the last nine weeks has remained 'relatively strong' despite the freezing weather, with food sales going well and Scottish arm Belhaven again the star turn. Elswhere in beverage-related stocks, shares in soft drinks group Britvic are
Read moreLondon afternoon: Stocks stuck in reverse
27th Jan 2010 13:38
London's attempts at a rally fizzled out over the lunch time session though the Footsie is trying once more at the mid-afternoon point to climb the mountain. Mining stocks continue to impede the blue-chip index's progress, however, on enduring concerns that the Chinese authorities will introduce f
Read moreLondon midday: Miners pull blue chips lower
27th Jan 2010 12:02
Footsie is trying to rally after an early sell-off on fears that China is planning fiscal measures to cool growth. Mining stocks once again feature prominently among the laggards, with Xstrata, Fresnillo and Anglo American the worst hit. Mining giant Vedanta Resources is also lower despite seeing
Read moreLondon open: Ugly start in London
27th Jan 2010 08:52
It's an ugly start In London with only Johnson Matthey and Amec in the blue, while financials, miners and oils are under heavy selling pressure. Far East markets continued to fall Wednesday on continuing fears that China is planning fiscal measures to cool growth, adding to the unease this morning.
Read moreLondon pre-open: Stocks to beat retreat
27th Jan 2010 07:38
Leading shares are set to open sharply lower after Wall Street gave up a 90-point gain in the last few hours of trade to end flat on the day. Far East markets also continued to fall Wednesday on continuing fears that China is planning fiscal measures to cool growth. Futures prices are currently i
Read moreGreene King ploughs ahead through the freeze
27th Jan 2010 07:23
Brewer Greene King's trading over the last nine weeks has remained 'relatively strong' despite the freezing weather, with food sales going well and Scottish arm Belhaven again the star turn. After 38 weeks, Greene King Retail like-for-like sales were 4.3% higher. Up to the end of week 35, like-for-
Read moreGreene King Pub Partners MD retires
7th Dec 2009 09:27
Brewing and pub group Greene King said that David Elliott, managing director of its tenanted pub division, is to retire. Elliott will step down from the Greene King board on 31 January, 2010, and will be succeeded as head of the Pub Partners division by 37-year-old Simon Longbottom, currently manag
Read moreLondon afternoon: Footsie in the blue
2nd Dec 2009 14:52
Though banks are still looking sickly, Footsie has struggled into positive territory on the back of a strong mining sector. Royal Bank of Scotland (RBS) remains the biggest faller among blue-chips, with lingering concerns about its exposure to Dubai World's debt now overshadowed by with newspaper r
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