London close: Lower close as rally falters
15th Sep 2010 16:35
Footsie closed a few points in the red Wednesday as a rally brought about by an improvement on Wall Street lost momentum. The US had a weak start following poorly-received manufacturing figures but sentiment recovered as trading progressed. Here, BP was lower in line with weaker oil prices, with t
Read moreLondon afternoon: Retailers provide some cheer
15th Sep 2010 14:29
Resource stocks remain a weight around Footsie's neck and have been joined over the lunch time session by banks, which are lower as the market ponders the implications of the Basel III banking guidelines. BP is lower in line with weaker oil prices, with the oil giant suffering more than its peers
Read moreLondon midday: Footsie hobbled by resource stocks
15th Sep 2010 11:58
Resource stocks are dragging London lower despite a good showing by retailers. Lower commodity prices are largely responsible for the sell off of commodity stocks, though legal battles also hover over a couple of stocks. BP is lower in line with weaker oil prices, with the oil giant suffering more
Read moreGSK appoints new finance director
8th Sep 2010 17:09
GlaxoSmithKline has appointed Simon Dingermans of Goldman Sachs to replace Julian Heslop as finance director when he leaves next year. Heslop has announced his intention to retire at the end of March 2011. Dingermans will join the board as chief finance officer designate at the beginning of 2011 s
Read moreWednesday tips round-up: Sports Direct, Greene King, DS Smith...
8th Sep 2010 06:40
The main reasons for the discount on Sports Direct's shares are the two ongoing investigations into the retailer's activities, involving the Serious Fraud Office and Office of Fair Trading. While the retailer is co-operating fully with the inquiries, there remains the prospect of a surprise, such
Read moreLondon close: Footsie tops up gains
6th Sep 2010 16:50
Footsie consolidated last week's strong performance with another day of gains, though trading was subdued with the US closed. Telecoms group Cable & Wireless Worldwide was the best performer on a weekend report Singapore Telecom is eyeing up the telephony group. Bid speculation also buoyed Home R
Read moreLondon afternoon: Bid talk enlivens subdued session
6th Sep 2010 14:07
Leading shares remain moderately firmer on balance, but with the US markets closed and with a paucity of corporate news in the UK to get the juices flowing, trading is subdued. Telecoms group Cable & Wireless Worldwide is the best performer on a weekend report Singapore Telecom is eyeing up the tel
Read moreTechMARK movers: C&W Worldwide bid rumours
6th Sep 2010 13:58
There are rumours that Cable & Wireless Worldwide could be the subject of a bid from Singapore Telecoms. It appears that any potential bid is at an early stage. The rise in the share price could stop C&W Worldwide being demoted from the FTSE 100 index. GlaxoSmithKline is lower after the British
Read moreSector movers: BP and Chariot lift gush higher
6th Sep 2010 13:42
The oil & gas sector is going well, with BP among the risers after yesterday announcing it has recovered the blow-out preventer from the floor of the Gulf of Mexico. Also higher is oil and gas explorer Chariot, which has wheeled out an increase to its resource estimate for its Namibian assets. The
Read moreLondon midday: Languid London ambles higher
6th Sep 2010 12:15
Footsie finished the morning in positive territory, raising hopes that the blue-chip index can add to its run of five days of rises in succession. It was a quiet morning, however, possibly reflecting the fact that US markets will be closed for the Labour Day holiday today. Telecoms group Cable & W
Read moreLondon open: Good start for Footsie
6th Sep 2010 08:42
London has started the week in confident fashion, still buoyed by Friday's better than expected US jobs data. British Airways is going well on chief executive Willie Walsh's ambitious plans to buy rivals. Walsh has held talks with executives of merger partner Iberia about BA's role as a consolidato
Read moreGSK faces call for Avandia withdrawal
6th Sep 2010 07:43
GlaxoSmithKline is facing a call to withdraw its diabetes drug Avandia in Britain because of heart risk concerns. UK regulator, the Medicines and Healthcare products Regulatory Agency (MHRA), ssays the risks of Avandia, known generically as rosiglitazone, outweighed its benefits and that "it no lon
Read moreTechMARK movers: BATM results slump
10th Aug 2010 14:02
Increased medical technology sales at BATM Advanced Communications Ltd failed to offset the decline in telecommunications equipment revenues. Overall revenues fell by one-fifth to $55.3m in the six months to June 2010. Medical revenues are more than one-third of the total. A profit of $13.7m was t
Read moreFTSE 100 movers: TUI Travel disappointment
10th Aug 2010 13:49
Travel operator TUI Travel is the biggest faller in the Footsie after it warned profits this year will be at the low end of forecasts after poor bookings. TUI's third quarter profit of £103m was in line with expectations. Volcanic ash disruption cost £105m. Bookings by Britons are down by 2% over
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
2nd Aug 2010 14:21
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1321 GMT [Dow Jones] Ambrian initiates coverage of Vectura Group (VEC.LN) with a buy rating and fair value of 98p. Analyst Ch
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