London close: Upward march recommences
29th Jul 2009 16:47
Footsie was back to winning ways Wednesday as investors digested a stream of company updates. Fund manager Schroders led the way after Morgan Stanley upgraded the firm to "overweight" from "underweight" and raised its price target to 1,045p from 710p. Rexam was the major faller after it launched
Read moreLondon afternoon: Financials lift Footsie
29th Jul 2009 14:33
Risers outnumber fallers by around three to one among FTSE 100 constituents, as the blue-chip index resumes its upward climb following yesterday's pause for breath. Financial stocks lead the advance, with insurers Aviva, RSA and Standard Life to the fore, as is part-nationalised bank Royal Bank of
Read moreLondon midday: Blue-chips advance on broad front
29th Jul 2009 11:50
Having seen its winning streak come to an end yesterday Footsie is back on the rise today despite some mixed corporate news. Rexam is the major faller after it launched its well-flagged rights issue to raise £351m at a big discount to the current share price. The interim dividend has also been scra
Read moreBike boost for Halfords
29th Jul 2009 07:40
A jump in cycle sales as the warm weather returned helped bike and car parts retailer Halfords lift sales over the past three months. Group sales in the quarter to end June increased by 3.1%, compared with this time last year, with like-for-like sales growth of 1.3%. Adjusting for the impact of Eas
Read moreRyanair chairman offloads shares
23rd Jun 2009 15:36
Ryanair's chairman David Bonderman has sold more than €1m worth of shares in the company. He offloaded 300,000 shares at €3.35 a time. Ryanair said that this amounts to about 0.02% of the company and that Bonderman now has about 0.93%. News of the share sale comes on the same day Ryanair said it
Read moreHalfords chief buys stake
15th Jun 2009 16:06
Halfords boss David Wild has spent £137,000 on shares in the bike and car parts retailer less than a week after slightly better than expected full-year profits. Wild bought 40,000 shares at 343p each, just a few pennies off the 52-week high of 346p. They were down near 200p last October. Prof
Read moreThursday tips round-up: Charter, PZ Cussons, Shell
11th Jun 2009 06:00
It may be the case that investors do well in the long term from holding Charter shares, but with even chief executive Mike Foster admitting there is no end to the current woe in sight, there is more to be made by holding other stocks at the moment. Sell, says the Independent. PZ Cussons has little
Read moreLondon close: Miners buoy Footsie
10th Jun 2009 16:37
Footsie finished higher but with much diminished gains after surging in early dealings led by buoyant mining stocks then falling back as Wall Street retreated. Miner ENRC surged ahead after it said sales and production volumes during the first quarter were better than prior expectations though pri
Read moreLondon afternoon: Equities off the top
10th Jun 2009 15:06
Shares have eased back in the first half of the afternoon session, though Footsie remains in positive territory. Miners and banks remain the best performers. Miner ENRC surges ahead after it said sales and production volumes during the first quarter were better than prior expectations though pricin
Read moreLondon midday: Miners continue to rally
10th Jun 2009 12:19
Footsie is up more than 100 points with miners and banking shares driving the market forward. Miner ENRC is one of the main risers. Today it said sales and production volumes during the first quarter were better than prior expectations though pricing pressures remain. Vedanta, Xstrata, Kazakhmys, R
Read moreLondon open: Miners lift Footsie
10th Jun 2009 08:49
London's blue chips have made good gains early on with miners pushing on strongly. Miner ENRC leads the blue chip index. Today it said sales and production volumes during the first quarter were better than prior expectations though pricing pressures remain. Vedanta, Kazakhmys and Antofagasta are al
Read moreLondon pre-open: Early rise expected
10th Jun 2009 07:40
London's blue chips are expected to rise in early dealings Wednesday with traders predicting a 35 point gain. Bike and car parts retailer Halfords upped its dividend after delivering a slightly better than expected 2.4% rise in full-year profits. Profit before tax and exceptional items for the 52 w
Read moreHalfords ups divi after profit rise
10th Jun 2009 07:01
Bike and car parts retailer Halfords upped its dividend after delivering a slightly better than expected 2.4% rise in full-year profits. Profit before tax and exceptional items for the 52 weeks to 27 March was £92.4m compared with the previous year's £90.2m. Market consensus was for adjusted profit
Read moreWednesday preview: Halfords, PZ Cussons
9th Jun 2009 17:31
In a quiet week for company results, bike and car parts retailer Halfords gets a chance to claim the spotlight with its full-year results on Wednesday. Market consensus is for adjusted profit before tax of £91.5m, up from £90.2m a year earlier, with earnings per share forecast to show a larger per
Read moreWeek Ahead: Halfords, Retail Sales Monitor, House Prices Balance
5th Jun 2009 12:25
With most of the companies with end-March reporting periods now having announced trading updates, next week is set to be a quiet week for company results. Bike and car parts retailer Halfords gets a chance to claim the spotlight with its full-year results on Wednesday. Market consensus is for adjus
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