London open: Footsie recovers early losses
11th Mar 2011 09:07
London is trying to stage a rally after the rout on Wall Street yesterday over the situation in Libya, sovereign debt in the eurozone and overnight a huge earthquake in Japan. Bus and train group FirstGroup remains on track to hit full-year to earnings and cash targets, but warns it's been a bumpy
Read moreHeadlam profits spark divi hike
11th Mar 2011 07:42
Floor coverings group Headlam grew profits by over 13% in 2010 and has enjoyed a positive start to 2011. Profit before tax rose to £25m last year from £22.1m in 2009 on revenue up 0.4% to £535.7m, a good effort, Headlam said, given that indications were market size would keep falling. The UK busin
Read moreSmall caps round-up: Headlam, Henry Boot, IQE...
20th Jan 2011 14:07
Floor coverings distributor Headlam expects 2010 earnings to be marginally ahead of market expectations, after group revenue improved by 0.4% on the previous year. In the UK, like for like (LFL) revenues rose by 0.4% from a year earlier but the continental European businesses saw a 0.7% decline in
Read moreLondon close: Bad day ends badly
27th Oct 2010 16:12
London ended the day heavily in the red as a triple-digit fall on Wall Street knocked an attempted rally by Footsie firmly on the head. Reports suggesting that any new stimulus in the US will be smaller than expected hit the miners with Kazakhmys, Xstrata and Rio Tinto the worst performers. Britis
Read moreLondon afternoon: Rally fizzles out
27th Oct 2010 14:23
Expectations of a weak opening on Wall Street put an end to London's attempt to move into positive territory, and losses lengthened again over the lunch time session. Reports suggesting that any new stimulus in the US will be smaller than expected have knocked the miners with Kazakhmys, Xstrata and
Read moreSmall caps round-up: Ascent Resources, DCC, Newmark...
18th May 2010 11:03
Pre-tax losses widened sharply at Europe-focused oil and gas group Ascent Resources in 2009 as the company felt the pinch of lower commodity prices. Pre-tax losses grew to £10.57m from £4.5m the previous year on revenues that narrowed to £890,000 from £1.47m. Managing director Jeremy Eng said: 'W
Read moreLondon close: Footsie comes off highs
19th Mar 2010 16:37
Footsie reached levels not seen since 2008 in afternoon dealings, but the gains dwindled after a poor start in the US and the leading share index finished just a few points in the blue. Banks led the way after an upbeat trading update from Lloyds Banking Group. Lloyds will be profitable on a combin
Read moreLondon afternoon: Footsie at 21 month high
19th Mar 2010 14:08
Footsie marked time over the lunch time session after hitting levels in the morning session not seen since June 2008. Banks continue to lead the way after an upbeat trading update from Lloyds Banking Group. Lloyds will be profitable on a combined businesses basis in 2010, chief executive Eric Danie
Read moreLondon midday: Defensives left behind
19th Mar 2010 12:10
Risers outnumber fallers by around four to one among FTSE 100 constituents as the market continues to enjoy a sentiment boost from an impromptu and upbeat trading update from Lloyds Banking Group. Lloyds will be profitable on a combined businesses basis in 2010, chief executive Eric Daniels claimed
Read moreLondon open: Lloyds fires Footsie higher
19th Mar 2010 08:45
London's top stocks have started strongly after the Dow posted its eighth day of gains and Lloyds Banking predicted a profit this year. Part-nationalised lender Lloyds will be profitable on a combined businesses basis in 2010, chief executive Eric Daniels claimed Friday. In a short statement ahead
Read moreHeadlam profits slide 45%
19th Mar 2010 07:29
Profits nearly halved last year at flooring specialist Headlam though sales picked up in the second of the year and moved forward in the last three months. Pre-tax profits dropped 45% to £22m in 2009 from £40m, on sales of £534m, down 4%. The UK businesses collectively declined by 6.1% on a like f
Read moreFriday preview: Headlam, T Clarke
18th Mar 2010 17:26
Floorings specialist Headlam's has already flagged that 2009 revenue reduced by 3.8% compared with the previous year, but a £12m currency benefit and full year contribution from Dutch business Silvester will mean earnings are solid enough. Headlam added that, overall, trading in the UK during the l
Read moreSmall Cap round-up: Headlam, Inspired Gaming, IQE...
19th Jan 2010 10:38
Floorings specialist Headlam's 2009 revenue reduced by 3.8% compared with the previous year, but a £12m currency benefit and full year contribution from Dutch business Silvester will mean earnings for 2009 are likely to be slightly ahead of market expectations. Headlam added that, overall, trading
Read moreHeadlam sees rise in LFL sales in November
20th Nov 2009 00:49
Floor coverings distributor Headlam group said the decline in like for like sales has slowed in the second half of the year in the UK operations. After reporting an 8.2% year on year like for like UK sales decline in the first half of 2009, the company saw the year on year fall narrow to 7.5% in th
Read moreLondon close: Stocks pull out of tailspin
14th Jul 2009 17:09
Indecision on Wall Street prompted a spell of profit taking in the UK in the middle of the afternoon session which threatened to wipe out the morning's gains, but London's blue-chips rallied at the death to keep the Footsie in the blue. Mining stocks were the best performers with silver miner Fresn
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