London close: FTSE 100 in late dive
9th Feb 2011 16:57
Shares finished firmly in the red after a sluggish day's trading that finished with a late dive in line with weakness in the US. Footsie was weighed down by a sharp fall in the price of International Power as the power generating company's shares trade today without the right to receive the recent
Read moreFTSE 250 movers: C&W's Caribbean update weighs on shares
9th Feb 2011 15:44
Among the worst performers is Cable & Wireless after a mixed third quarter statement. RBS retained its 'hold' rating on the stock and slightly reduced forecasts as its Caribbean business continues to face "challenging trading conditions". A shareholder revolt is brewing at Thomas Cook after the tra
Read moreLondon afternoon: Downward drift continues
9th Feb 2011 14:02
The blue-chip index drifted lower still over the lunchtime session after a lacklustre morning session. Footsie is weighed down by a sharp fall in the price of International Power as the power generating company's shares trade today without the right to receive the recent 92p special dividend. Ci
Read moreGrainger upbeat despite challenges
9th Feb 2011 07:23
Residential housing specialist Grainger said its sales pipeline in the four months to 31 January fell to £76.2m from £94.8m the same time a year earlier as challenging economic conditions continue. During the four months period the property business, headquartered in Newcastle upon Tyne, said it c
Read moreInvista sells residential portfolio
4th Feb 2011 16:46
AIM-quoted Invista Real Estate Investment Management has sold its interest in the Castle residential property portfolio to residential property specialist Grainger for a gross sale price of £97.1m. Invista is selling its subsidiary HI Tricomm, which owns 317 freehold houses in south west England.
Read moreLondon close: Strong gains near the close
25th Nov 2010 16:48
Footsie closed the day healthily in the blue as investors got excited about shopping centre owners and other property groups. Capital Shopping Centres Group (CSC), the shopping centre arm of what used to be Liberty International, raced ahead after it put pen to paper to purchase Manchester's Traffo
Read moreLondon afternoon: US interest in Capital Shopping
25th Nov 2010 14:15
Footsie is more or less back to where it started the day after a quiet lunch time session, though investors continue to be excited about shopping centre owners. Capital Shopping Centres Group (CSC), the shopping centre arm of what used to be Liberty International, has raced ahead after it put pen t
Read moreLondon midday: Footsie sluggish despite updates
25th Nov 2010 12:05
Footsie is in sluggish mode, and may remain so given that the US is closed for Thanksgiving, but there is plenty of company news for traders to digest. Capital Shopping Centres Group, the shopping centre arm of what used to be Liberty International, has raced ahead after it put pen to paper to purc
Read moreLondon open: Strong start for FTSE 100
25th Nov 2010 08:30
Shares have got off to a good start following a warm reception for company updates. Capital Shopping Centres Group, the shopping centre arm of what used to be Liberty International, has raced ahead after it put pen to paper to purchase Manchester's Trafford Centre in a deal worth £1.6bn. WS Atkin
Read moreGrainger cautious about future growth
25th Nov 2010 07:45
Residential housing specialist Grainger narrowed full year losses but it remains cautious about growth over the next two years. The group reported a pre-tax loss of £20.8m for the year ended 30 September compared to a loss of £170m in the prior year. Full-year group revenues declined to £244.5m fro
Read moreLondon close: Footsie rallies but falls short
8th Oct 2010 16:37
Footsie made a late charge for positive territory ahead of the close, in line with buoyancy in the US, but fell just short. The positive performance in the US was in spite of non-farm payrolls declining 95,000 in September when they had been expected to remain virtually unchanged. The 'glass half f
Read moreLondon afternoon: Shares rally on QE hopes
8th Oct 2010 14:37
US jobless data proved to be much worse than expected, with non-farm payrolls declining 95,000 in September when they had been expected to remain virtually unchanged, but the 'glass half full' optimists have taken the view that this makes a resumption of economic stimulus by the Federal Reserve more
Read moreLondon midday: Nervous wait for US jobs data
8th Oct 2010 12:25
The clock is ticking down on this afternoon's release of US non-farm payrolls data and the market is showing signs of nervousness, with the Footsie drifting back and in danger of slipping below 5600. Bank Barclays is down after PCP3, a vehicle linked to Man City owner Sheikh Mansour bin Zayed al-N
Read moreLondon open: Quiet start ahead of jobs data
8th Oct 2010 08:52
London has opened quietly as traders focus on the US where September's non-farm payrolls numbers are due to be released this afternoon. Expectations are for a 5,000 increase in non-farm payrolls, while the unemployment rate is expected to nudge up to 9.7% from 9.6% in August. Until those numbers a
Read moreLondon pre-open: Waiting on US jobs data
8th Oct 2010 07:33
On what looks likely to be a quiet day for UK corporate news traders are focused on the US where September's non-farm payrolls numbers are due to be released this afternoon. Expectations are for a 5,000 increase in non-farm payrolls, while the unemployment rate is expected to nudge up to 9.7% from
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