London pre-open: Early strength expected
3rd Dec 2009 07:35
London looks set for a push higher in early deals as metal prices continue to rise and with US futures pointing to a stronger start on Wall Street later. Indications are that the FTSE 100 will add about 30 points this morning, adding to yesterday's 15-point gain. In company news, Xstrata has appro
Read moreGo-Ahead sells airport operations
3rd Dec 2009 07:07
Train and bus operator Go Ahead has exchanged contracts to sell its airport ground handling and cargo operations to focus on its rail and bus activities. It is selling ground handling and cargo operations at Heathrow and Manchester Airport to Middle Eastern travel group Dnata for £15m. Most airport
Read moreLondon midday: Footsie consolidates gains
1st Dec 2009 12:00
London is participating in a global rally by stock markets, as doubts over the Dubai debt crisis ease. Buoyant manufacturing data from China is lifting miners. HSBC said the Purchasing Manager's Index (PMI) for China climbed to a seasonally adjusted 55.7 in November from 55.4 in October. The index
Read moreLondon open: Footsie bounds ahead
1st Dec 2009 08:44
London's top stocks have opened strongly as concern over the situation in Dubai eases a little. Miners and banks are leading the rally following a strong performance by both groups on on Wall Street overnight. Royal Bank of Scotland is among the best performers this morning. It has been affected b
Read moreLondon pre-open: Shares set to recover
1st Dec 2009 07:37
London's top stocks look set to recover from their recent losses, with traders expecting Footsie to gain over 50 points early on. Travel operator TUI saw profits rise in the year to September 30 despite flat revenues despite reduced demand in the tough economic climate as it managed to raise ticket
Read moreGo-Ahead gets green light for Plymouth deal
1st Dec 2009 07:20
Bus and train group Go Ahead Group has completed the acquisition of Plymouth CityBus from Plymouth City Council. The council ratified the takeover, first announced on November 23. The enterprise value of the transaction is £20m and gives Go-Ahead 100% control of Plymouth CityBus. Plymouth CityBu
Read moreGo-Ahead offers £20m for Plymouth CityBus
23rd Nov 2009 10:23
Bus group Go-Ahead confirmed that it has offered to buy Plymouth CityBus (PCB) from Plymouth City Council for an enterprise value of £20m in cash. Today's news follows the announcement on 12 November that Go-Ahead had been selected as preferred bidder for the business. Completion is subject to fu
Read moreLondon close: Good end to the day and week
13th Nov 2009 16:44
London headed into the weekend in an upbeat mood as Wall Street started the day strongly and investors took a shine to property giants as the close neared. British Land, shopping centre owner Liberty and Hammerson finished in the top five risers by the end of the day. A modest rally in the dollar
Read moreLondon afternoon: Footsie flat
13th Nov 2009 14:54
Stocks are trading little changed as weak miners cancel optimism elsewhere. A modest rally in the dollar has caused traders to pocket profits ahead of the weekend. ENRC, Vedanta, Xstrata and Antofagasta have fallen. British Airways has turned tail as the market assesses terms of its proposed merg
Read moreLondon midday: Footsie drifts sideways
13th Nov 2009 12:25
It's a lacklustre day in London so far despite BA's Spanish merger as a modest rally in the dollar prompts some profit taking among the miners. British Airways is the top riser after it and Spanish airline Iberia outlined the terms of their merger. BA will own 55% of the enlarged company and Iberia
Read moreSector movers: BA lifts travel stocks again
13th Nov 2009 11:12
British Airways is helping lift the travel and leisure sector higher again after last night unveiling the terms for its proposed merger with Iberia. BA will own 55% of the enlarged company and Iberia 45%. The merger is expected to save £360m per year with jobs to go both companies' head offices in
Read moreLondon open: Mild gains for Footsie
13th Nov 2009 08:36
Footsie has made modest progress in early dealings despite a dip on Wall Street last night as the dollar rallied. British Airways is the top riser after it and Spanish airline Iberia outlined the terms of their merger. BA will own 55% of the enlarged company and Iberia 45%. The merger is expected t
Read moreLondon pre-open: Footsie to fall back
13th Nov 2009 07:43
Footsie is expected to slip back slightly in early dealings following a dip in Wall Street last night. British Airways and Spanish airline Iberia have outlined the terms of their merger after agreeing on a tie-up after nearly a year and a half of talks. BA will own 55% of the enlarged company and I
Read moreGo-Ahead gets Plymouth CityBus nod
13th Nov 2009 07:30
Bus group Go-Ahead has been selected as the preferred bidder for Plymouth CityBus. Completion is subject to final due diligence and full council approval, expected at the end of November. PCB is currently owned by Plymouth City Council and operates a fleet of 173 buses and 11 coaches from a large f
Read moreFTSE 250 movers: Housebuilders are hot property
4th Nov 2009 14:06
The mid-cap index is all about the housebuilders Wednesday, with both Taylor Wimpey and Redrow confirming that their businesses have stabilised. Taylor Wimpey said UK orders are steady and selling prices have risen 9% from the £163,000 average at the end of July. Redrow's house sales have been 'r
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