London afternoon: Footsie climbs despite weak retailers
14th Jul 2009 14:10
London's leading shares continue to edge higher, with sentiment given a boost in the afternoon by expectations of a moderately firm start on Wall Street and a strong set of second quarter results from US bank Goldman Sachs, which announced record revenues. Mobile phone giant Vodafone, the third lar
Read moreLondon midday: Early gains are consolidated
14th Jul 2009 12:11
The Footsie is trading sideways, holding on to gains after a bright start. Inflation data was much as expected, with the inflation rate falling below the Bank of England's 2% target for the first time since September 2007 last month. The Office for National Statistics (ONS) revealed a drop in consu
Read moreLondon open: Early gains for Footsie
14th Jul 2009 08:41
London's blue chips have made early gains after the hundred-point plus surge on Wall St overnight. Miners are leading the way with Fresnillo, Lonmin, Xstrata and Rio Tinto all going well. Defensive stalwarts are the weak spots with Diageo, Imperial Tobacco and Reckitt Benckiser all lower. Enginee
Read moreLondon pre-open: Bright start expected
14th Jul 2009 07:40
Footsie is expected to rise after last night's good showing on Wall Street. Engineering conglomerate Melrose is trading in line with expectations for the full year and said cash generation during the first six months of 2009 has been 'excellent'. Net debt has reduced by £127m since 31 December 2008
Read moreHeadlam sales slide stabilises
14th Jul 2009 07:26
Flooring group Headlam continues to struggle in tough market conditions with first half sales to June down by 8.2%, a slight inmprovement on earlier in the year. Like for like revenue in the UK fell by 10.7% and by 9.7% in Continental Europe, though the impact of currency translation increased reve
Read moreHeadlam total revenue down 8.5%
18th May 2009 15:39
Europe's leading floorcoverings distributor Headlam said total group revenue fell 8.5% during the first four months of 2009. Overall, UK revenue decreased by 11.8%, but after adjusting for the differences in working days during the two periods, due to Easter, like for like performance in the UK dec
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