Grainger resilient despite tough backdrop
9th Aug 2012 07:16
FTSE 250 residential property owner and manager Grainger said it has put in a strong operational performance in the third quarter but did caution the fragility of the economic backdrop. Completed group sales in the four months to July 31st totalled £89.9m, taking total sales in the first ten months
Read moreJD Wetherspoon founder gets some more in
18th May 2012 15:37
Tim Martin, non-executive chairman of JD Wetherspoon, the pub group, has bumped up his stake in the company. In one hell-of-a-large round, he bought around £2.5m-worth of shares in the popular pub chain. Martin, who founded the business in 1979 and took on the role of chairman four years later, b
Read moreGrainger outperforms the UK housing market
17th May 2012 09:30
A turn-around in the fair value of derivatives hit pre-tax profit at Grainger, the asset and property management focused on the residential sector. Profit before tax slumped to £15.2m in the year to March 31st from £65.2m, with much of the reduction due to an £8.8m decline in the fair value of the
Read moreLondon close: Shell rallies as it denies oil slick blame
12th Apr 2012 17:11
After a mixed morning session, London's top shares kicked on in the afternoon, buoyed by Wall Street's strength. Bulls seized upon comments by New York Fed President William Dudley who opined that the US economy is not yet firing on enough cylinders to make a serious dent in the jobless numbers.
Read moreLondon midday: Mid-caps set the pace
12th Apr 2012 11:49
The top share index spent the morning spinning its wheels with most of the excitement taking place among the mid-cap stocks. Last night, the Federal Reserve's April Beige Book survey encouraged the maintenance of the status quo. The Fed's survey revealed that overall activity "continued to expand a
Read moreThursday broker round-up
12th Apr 2012 09:30
African Minerals: Jefferies keeps buy rating and 1,100p target. Aggreko: Investec maintains buy rating. Cairn Energy: Nomura cuts target from 500p to 434p, buy rating kept. Faroe Petroleum: Nomura cuts target from 213p to 209p, buy rating kept. FirstGroup: Jefferies downgrades from buy to hold,
Read moreLondon open: Shell weighs on the Footsie
12th Apr 2012 08:19
- Shell drops on oil sheen reports - GKN up after upgrade - World Bank cuts Chinese GDP forecast Despite an initial rise, the FTSE 100 index had fallen into the red within the opening hour with oil giant Shell providing a drag on reports of an oil sheen in the Gulf of Mexico. Eurozone peripheral
Read moreGrainger hacking its way through debt pile
12th Apr 2012 07:38
UK residential property owner Grainger has seen an improvement in the market value of its UK and German property portfolios in the first half of its financial year, although the uplift in Germany has been marginal. The group said completed sales from both its UK and German portfolios in the six mon
Read moreStandard Chartered earns 5.9m pounds worth of shares
16th Mar 2012 16:28
Peter Sands, Chief Executive at Standard Chartered, the Asia-focused banking colossus, earned himself 5.9m pounds-worth of shares in the company following the vesting of four separate reward payments. The pay-out came as the largest part of a £32m bonus paid to 10 of the company's directors. San
Read moreAsian Citrus non-exec squeezes the funds to buy shares
28th Feb 2012 16:00
A non-Executive Director of Asian Citrus, an AIM-100 Chinese orange grower, has bought 256,000 shares for himself and his wife. Peregrine Moncreiffe and his wife, Miranda Moncreiffe, purchased the shares at an average price of 37.95p each for a total of £97,152. Winterthur Pension Management, in
Read moreGrainger enters new year with strong sales pipeline
8th Feb 2012 07:10
Residential property firm Grainger said it has started the new financial year with a strong sales pipeline, despite continued economic uncertainty. The group reported a pipeline worth £118.3m in the four months to 31 January 2012, up from £76.2m the same period a year earlier. Completed group sa
Read moreChemring Chairman stocks up
31st Jan 2012 16:15
Peter Hickson, Chairman of Chemring, the military equipment maker, has treated himself to £94,475-worth of shares in the firm. Hickson, who joined the group in mid-2011, bought up 25,000 shares at 377.9p each. On January 24th the company reported a rise in both revenues and profits during 2011 d
Read morePearson chief sells £0.5m worth of shares
12th Dec 2011 16:36
Marjorie Scardinom, chief executive of Pearson, has made multiple sales of her stake in the firm on the same day it announced plans to sell its 50% stake in FTSE International to the London Stock Exchange. Scardinom, 64, sold 32,960 at 1,147.00p each, 12,040 at 1,140.59p, and 5,000 at 1,147.49p fo
Read moreAviva director offloads yet more shares, Sky boss sells too
9th Dec 2011 15:58
Leslie Van de Walle, a non-executive director at Aviva, has sold another £29,199-worth of shares in the firm. The director, who yesterday sold £42,659-worth of shares in the insurance giant, sold 9,000 shares at 324.43p each. Van de Walle, 55, joined the board in 2009 and is also the director of
Read moreLondon close: Retreat moves into ninth day
24th Nov 2011 17:12
After once again showing signs in the morning session of bringing the losing streak to an end, Footsie once again relapsed in the afternoon session, as investors took fright at German Chancellor Angela Merkel once again banging on about what a bad idea it would be to have common interest rates for a
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