London pre-open: Early dip expected
18th Mar 2010 07:44
Footsie is expected to slip back even after the Dow Jones in the US closed at an 18-month high. Bakery and sandwich chain Greggs saw full-year profits come in slightly better than expected and said it is well placed to achieve a year of further progress in 2010. Pre-tax profit came to £48.8m the 53
Read moreGreggs profit beats forecasts
18th Mar 2010 07:01
Bakery and sandwich chain Greggs saw full-year profits come in slightly better than expected and said it is well placed to achieve a year of further progress in 2010. Pre-tax profit came to £48.8m the 53 weeks ended 2 January 2010, from £49.47m the year before. The market consensus for pre-tax prof
Read moreThursday preview: Greggs, Premier Farnell, PSNBR
17th Mar 2010 17:12
Bread and subs and sausage rolls might be the theme song for bakery and sandwich chain Greggs, which issues full year results on Thursday. The chain's foray into Belgium may have ended in failure a couple of years back but Brits can't get enough of the hot savoury treats that are the baker's stock
Read moreFTSE 250 movers: Chips are down for CSR
15th Mar 2010 14:40
Shares in CSR fall back after UBS downgraded the chip-maker to 'neutral' from 'buy'. The broker raises its target price on CSR, which makes chips for Bluetooth and GPS devices, to 540p from 495p, but thinks the stock is reaching fair value levels. Cheery broker coverage has given ITV a boost. Nomur
Read moreThursday tips round-up: SIG, Greggs, Fenner
14th Jan 2010 06:06
Ever-tighter building regulations on energy efficiency continue to work in SIG's favour. The last introduction of new UK standards in 2006 prompted a 20 per cent rise in the volume of insulation materials per building in the following three years and there is no reason to believe that their successo
Read moreLondon pre-open: Losses likely
13th Jan 2010 07:34
Last night's decline on Wall Street, its first of 2010, is set to tip London lower in early deals. US stocks were hurt by weaker than expected fourth quarter results from aluminium producer Alcoa after hours Monday, while Chinese moves to cool bank lending and a profit warning from Chevron also hur
Read moreGreggs on track, strong Christmas
13th Jan 2010 07:02
Greggs expects full year results to be in line with expectations and said more customers popped into the bakery chain for hot pies over Christmas. Over the four week Christmas trading period to 26 December total sales grew by 3.1% and like-for-like sales grew by 1.1%. The group said it sold more th
Read moreWednesday preview: Greggs, Ashmore, Industrial Production
12th Jan 2010 17:57
The cold snap over Christmas may have prompted shoppers to contemplate popping into Greggs for a hot pie or sausage roll, but Shore Capital thinks that icy conditions, particularly in the north of England and Scotland, may have suppressed footfall at the bakery chain. It's a view shared by dinburg
Read moreWednesday tips round-up; Pearson, Greggs, Bunzl
21st Oct 2009 06:45
Pearson faces pressures in financial advertising at the FT Group while Penguin's performance is flat. However, underpinned by US stimulus spending and the natural hedge between higher US college enrolments and weaker US school budgets, Pearson should continue to prosper in North America while its
Read moreLondon close: Footsie slips back
20th Oct 2009 16:50
There was no shortage of company news to give Footsie direction but it was the release of housing data in the US that ultimately dragged the leading share index into the red. Housing starts increased to a seasonally-adjusted annual rate of 590,000 last month, up 0.5% above a revised 587,000 in Oct
Read moreLondon afternoon: Footsie pulled both ways
20th Oct 2009 14:19
Footsie is struggling to find any sense of direction despite some big movements in individual companies' share prices. Fast growing software company Autonomy is finding the market hard to please. Despite another spell of strong organic growth in the third quarter, the shares are the worst performer
Read moreLondon midday: Banks drag Footsie down
20th Oct 2009 12:04
Footsie made a valiant effort to finish the morning in the blue but came up just short, thanks largely to the weakness of financial stocks. Barclays is sharply lower, after Qatar's sovereign wealth fund said it was selling half of the warrants it holds in the bank. Qatar Holding is selling 379.22
Read moreFTSE 250 movers: Partygaming slumps as founder sells
20th Oct 2009 10:39
Investors are betting against PartyGaming after the founder of the online gambling group started selling some of his stake. He will sell up to 75m shares in the firm, reports say. Investors have no appetite for shares in Greggs even after the bakery chain served up a 2.5% rise in third quarter sale
Read moreGreggs beefs up Q3 sales
20th Oct 2009 07:32
Bakery chain Greggs served up a 2.5% rise in third quarter sales and said it is on track to deliver full results in line with company expectations. Like-for-like sales were up by 0.2% in the 16-week period. "Overall business performance in the year to date is in line with our plans and our financ
Read moreFTSE 250 movers: Acquisition buoys James Fisher
18th Aug 2009 12:10
Marine services group James Fisher is buoyant after saying it has bought MB Faber, which provides specialist electrical and engineering services to the nuclear and aerospace industries, for up to £5.25m in cash. Higher crude prices give oil explorer and producer Salamander Energy a lift. Elsewher
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