London afternoon: Shares crawl higher
16th Jun 2009 14:19
London's blue-chip index edged higher over the lunch-time session, helped by expectations of a moderately firmer start on Wall Street. Tesco's first quarter trading update has been well received. Like-for-like (LFL) sales growth came in at the top end of expectations, helped by a resumption of gro
Read moreLondon midday: Lloyds leads rally
16th Jun 2009 12:04
Footsie is making a valiant attempt to claw back yesterday's losses but its progress is being impeded by a weak mining sector. Tesco's first quarter trading update has been well received. Like-for-like (LFL) sales growth came in at the top end of expectations, helped by a resumption of growth in n
Read moreLondon open: Steady start for Footsie
16th Jun 2009 08:39
London's blue have made modest progress despite a tough day on Wall St yesterday with good figures from Tesco giving a boost. Property group's British Land and Hammerson are the best performers this morning, but it is Tesco's figures that catch the eye. Tesco's like-for-like sales growth came in a
Read moreLondon pre-open: Flat start in store
16th Jun 2009 07:41
The UK market is set to start little changed Tuesday as most of last night's gloom on Wall Street had already been felt by the time London closed yesterday. There's bound to be heavy focus on Britain's biggest supermarket chain Tesco following its latest sales update. UK like-for-like (LFL) sales
Read moreNighthawk scraps Jolly Ranch sale
16th Jun 2009 07:26
US focused oil group Nighthawk has scrapped the $10.9m deal to sell finance group San Severina a 20% working interest in the Jolly Ranch prospect in Colorado. Nighthawk said payment of the initial consideration was due by 15 June 2009 and no payment from San Severina has been received. "Since the
Read moreSmall caps round-up: Eleco, Optos, Vernalis...
3rd Jun 2009 11:07
Construction components and software group Eleco said an anticipated improvement in market conditions has failed to materialise. In February, the firm said recent progress in order prospects for precast concrete activities offered grounds for cautious optimism that it would see an upturn in perform
Read moreLondon close: Footsie buoyed by global rally
1st Jun 2009 16:35
London's top stocks finished with stellar gains as optimism about the global economy boosted markets worldwide. Hopes of a recovering economy pushed forward commodities. Oil is near $68 per barrel, while copper climbed to $5,000 per tonne, its highest since October. Gold rose to $985 an ounce. C
Read moreLondon afternoon: UK joins global rally
1st Jun 2009 14:26
Footsie is still going well as markets rally globally amid further hopes that the world economy is beginning to recover. Oil rose to $68 per barrel, while copper climbed to $5,000 per tonne, its highest since October. Gold rose to $985 an ounce. Copper miner Antofagasta is one of the best perfor
Read moreLondon open: Early surge for Footsie
1st Jun 2009 08:37
London has opened sharply higher after gains in Asia overnight and with strong showings by the mining and oil sectors. There are only a handful of fallers this morning so far with the miners and oil stocks pushing the index higher. Xstrata, Vedanta and Lonmin are leading the way with Cairn Energy t
Read moreNighthawk raises $10.9m through Jolly Ranch sale
1st Jun 2009 07:06
US-focused oil group Nighthawk Energy and its partner Running Foxes have agreed to sell to finance group San Severina a 20% working interest in the Jolly Ranch prospect in Colorado. San Severina, a Swiss investment group, will buy 10% each from Nighthawk Production and Running Foxes in the core are
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