London afternoon: Airlines flying high
6th Oct 2010 14:30
Profit takers have skimmed off some of the cream of the gains seen this morning on mining stocks while the two big trading updates of the day have also sparked negative reactions, but Footsie remains comfortably in positive territory. Metals prices have strengthened in line with a weaker dollar, w
Read moreBroker tips: Greggs, Robert Walters, Sportingbet
6th Oct 2010 13:11
FinnCap's full year revenue forecast for sausage rolls and pies seller Greggs is looking a little flaky after a cautious third quarter update from the bakery chain. The broker had been expecting Greggs to achieve 0.5% like for like (LFL) sales growth in the second half of 2010 but with Greggs' thir
Read moreBroker snap: Greggs offering lacks spice
6th Oct 2010 13:08
FinnCap's full year revenue forecasts for sausage rolls and pies seller Greggs are looking a little flaky after a cautious third quarter update from the bakery chain. The broker had been expecting Greggs to achieve 0.5% like for like (LFL) sales growth in the second half of 2010 but with Greggs' th
Read moreLondon midday: Autonomy cuts revenue guidance
6th Oct 2010 12:01
With metals prices on the rise mining stocks were the shares to hold in a morning session that saw Footsie make an assault on the 5700 level before falling away in the hour before noon. Antofagasta, Anglo American, Kazakhmys and Xstrata are still sporting handsome gains. Metals prices have strength
Read moreLondon open: Blue chips power forward
6th Oct 2010 08:52
London's leading index has hit fresh five-month highs after the surge on Wall Street overnight. Footsie is now at its highest since April. Miners are driving the gains this morning with the top five risers all mining companies. Antofagasta, Anglo American, Kazakhmys and Xstrata are the best perform
Read moreLondon pre-open: Rally has legs
6th Oct 2010 07:34
The ripple from last night's leap on Wall Street should hit our shores when trading starts this morning, sending London's leading index to fresh five-month highs. Futures prices currently indicate a gain of around 20 points in early deals following a 193-point surge in the US Tuesday. The FTSE 100
Read moreLFL sales growth thinner at Greggs
6th Oct 2010 07:13
Hungry Britons have been tucking into the bacon rolls sold by Greggs, contributing to continued sales growth for the savoury snacks seller. Greggs said total sales for the 39 weeks ended 2 October 2010 increased by 2.6%, while like-for-like (LFL) sales grew 0.5%. Sales growth slowed some in the th
Read moreWednesday preview: Sainsbury, Marston's, Greggs
5th Oct 2010 16:12
With the half-year trading statement from sector leader Tesco out of the way the path is clear for fellow supermarket group Sainsbury to grab the headlines on Wednesday. Back in June, at the height of the World Cup, Sainsbury was doing a roaring trade in vuvuzelas, whch helped it achieve a like fo
Read moreLondon close: Lower finish for FTSE 100
10th Aug 2010 16:42
A poor reception for updates from the holiday-related stocks TUI Travel and InterContinental Hotels helped ensure Footsie closed in the red, while economic worries also weighed on sentiment. China's trade surplus hit an 18-month high as exports surged and imports slowed. Imports increased 22.7% i
Read moreLondon afternoon: Buyers take a holiday
10th Aug 2010 14:14
Leading equities moved further into the red over the lunch time session as investors remained concerned about slowing growth in the Chinese economy and signs closer to home that the Budget spending cuts are starting to have an effect on the mood of UK consumers. China's trade surplus hit an 18-mon
Read moreBroker tips: TUI, Greggs, blinkx
10th Aug 2010 13:10
KBC Peel Hunt was not surprised by Tuesday morning's profits warning from travel firm TUI Travel and thinks the shares have little appeal beyond the yield and the hope of a bid from major shareholder TUI AG. The broker notes that the margin pressures are building up. Current UK summer 2010 sales ar
Read moreBroker snap: Margins a concern at Greggs
10th Aug 2010 12:38
There is still the prospect of 'jam tomorrow' from Greggs even though the doughnut seller was cautious in its outlook for the second half of 2010. FinnCap notes that the snack food seller has partial cover on wheat and other ingredients for the latter part of the year and expects raw material price
Read moreLondon midday: Consumer spending fears sink Footsie
10th Aug 2010 12:02
Concern about consumer spending has pulled the rug from under Footsie after a profit warning from tour operator TUI and weak retail sales figures. TUI Travel warned profits this year will be at the low end of forecasts after UK bookings faltered. Bookings by Britons are down by 2% over the past 12
Read moreLondon open: Poor start for Footsie
10th Aug 2010 08:54
London shares are lower in early dealings as comments from hotel and travel firms suggest consumers are starting to feel the pinch. Worries over the economy have certainly caught up with travel group TUI Travel, which warned profits this year will be at the low end of forecasts after UK bookings fa
Read moreLondon pre-open: Footsie set for retreat
10th Aug 2010 07:34
London's blue chips are seen opening around 20 points lower as investors consider a tie-up between International Power and GDF-Suez and earnings from hotel and travel firms. International Power shareholders will own 30% of the new company to be formed by the merger of the UK power company with Fren
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