FTSE 100 Movers: Fresnillo sparkles
2nd Aug 2011 12:23
Soaring precious metals prices boosted both profits and the share price at Mexican silver and gold miner Fresnillo. Total revenue rose to $1.056bn (£644.5m) from $605.7m the previous year in the six months to 30 June, while earnings before interest, depreciation and amortisation (EBITDA) rose to $
Read moreFSA plans knock Hargreaves Lansdown shares
2nd Aug 2011 11:44
Shares in Hargreaves Lansdown fell sharply after the Financial Services Authority (FSA) published new rules on how financial services companies provide platform services to investors. "We have concluded that all changes proposed in the FSA paper required by 31 December 2012 will require little work
Read moreLondon close: Greek concerns weigh on financials
20th Jun 2011 16:43
The Footsie finished moderately lower on Monday afternoon as Greek debt crisis dragged on. Financials were among the fallers over concerns of a possible Greek default, as Europe's finance ministers remain at loggerheads over dishing out a chunk of the €110bn bailout money agreed last year for the c
Read moreFTSE 100 movers: RBS leads financials lower
20th Jun 2011 16:01
Financials are among the fallers over concerns of a possible Greek default, as Europe's finance ministers remain at loggerheads over dishing out a chunk of the €110bn bailout money agreed last year for the country. RBS, Man Group, Hargreaves Lansdown and Schroders were the worst four performers as o
Read moreLondon close: FTSE 100 wins back some losses
19th Apr 2011 17:02
Shares staged a recovery after some heavy losses yesterday, though the gains were subdued by trading's close. Tesco fell even after new chief executive Philip Clarke delivered profits and sales that were in line with expectations as he unveiled the supermarket giant's results for the year to 26 Feb
Read moreFTSE 100 movers: Burberry tops the risers
19th Apr 2011 13:48
Luxury fashion brand Burberry is the best performing blue chip after announcing that it expects profits for the financial year to March 31 to be at the top end of expectations after a strong performance in the final few months. Miners Fresnillo, Anglo American, Lonmin, Xstrata, BHP Billiton and Ve
Read moreLondon midday: Mixed reception for company updates
19th Apr 2011 12:00
Shares have remained steady after winning back some of yesterday's losses in early dealings, with shares moving in both directions after updates. Tesco is lower even after new chief executive Philip Clarke delivered profits and sales that were in line with expectations as he unveiled the supermarke
Read moreRecord inflows at Hargreaves Lansdown
19th Apr 2011 11:27
Record inflows helped wealth manager Hargreaves Lansdown outperform a flat UK stock market in the three months to 31 March. Assets under administration grew by £1.3bn during the three month period to £23.6bn and were up by 34% from the same period a year ago. "This should be considered in the con
Read moreITV returns to Footsie
9th Mar 2011 19:34
ITV is returning to the FTSE 100 index in the latest quarterly changes. The television broadcaster was dropped from the FTSE 100 in September 2008 has risen by more than 75% over the past year and it promises to pay an interim dividend this year. ITV's underlying profit almost trebled to £321m i
Read moreLondon close: Shares fall back as oil rallies
9th Mar 2011 16:53
A drop in the oil price failed to gain ground as the Libya violence continued, sending shares firmly into the red. Attacks against rebel-held towns in western Libya continued, helping oil prices to win back some recent losses. Traders are worried that violence could erupt in other oil-producing Ar
Read moreLondon afternoon: Downward drift continues
9th Mar 2011 14:16
Blue-chip shares drifted lower still over the lunchtime session though a number of bright spots can be found, particularly among second liners. Insurer Prudential is in demand after saying it made 20% more in 2010 than it did the year before as Asia raced ahead of the US as the UK company's bigges
Read moreFriday tips round-up: Rio Tinto, Rolls-Royce, Diageo...
11th Feb 2011 06:59
Rio Tinto, which in the bad days of spring 2009 had debts of $39bn (£24.2bn) after the badly timed purchase of Alcan in 2007, exited last year with just $4.3bn of borrowings, or gearing of 6%. It generated a record $23.5bn of cash last year, up 70% on 2009. This is by any standards a staggering tu
Read moreLondon close: Footsie lower as results disappoint
10th Feb 2011 16:29
Footsie staged a late rally to climb back over 6,000, but still ended the day lower amid a very mixed bag of company results. It was a day for corporates to keep their head down as even those companies posting good numbers got whacked. Miner Rio Tinto fell after record full-year profits, a $5bn sha
Read moreFTSE 250 movers: Hargreaves Lansdown tops the list
10th Feb 2011 16:05
Wealth management and stockbroking firm Hargreaves Lansdown had a record breaking second half to 2010. Underlying profit before tax in the six months to 31 December rose 41% to £56.3m from £43.1m the year before. Easyjet founder Sir Stelios Haji-Ioannou fiercely criticised the payments last year to
Read moreLondon afternoon: Footsie hovers around 6,000
10th Feb 2011 15:18
Footsie has slumped below 6,000 with insurers and miners featuring prominently among the laggards. Miner Rio Tinto is lower even though it had plenty to please shareholders, with record full-year profits, a $5bn share buyback and 20% increase in the dividend. The Anglo-Australian group made a net
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