London midday: Shares stuck lower after Bank holds rates
10th Feb 2011 12:29
Shares remain firmly in the red following the Bank of England's decision to leave interest rates and quantitative easing unchanged. The Bank has kept interest rates on hold at a record low of 0.5% Mixed results have added to the unsettled mood. Drinks giant Diageo raised revenues in the six months
Read moreLondon open: FTSE 100 lower after mixed updates
10th Feb 2011 08:29
Shares are moving in both directions after updates, but the FTSE 100 is lower overall. Price rises and improved volumes in North America and continuing growth in emerging markets helped drinks giant Diageo lift revenues in the six months to December 31, but weakness in Europe resulted in profits m
Read moreRecord half for Hargreaves Lansdown
10th Feb 2011 07:40
Wealth management and stockbroking firm Hargreaves Lansdown had a record breaking second half to 2010. "We have achieved record revenue, profits and total assets under administration (AUA). This has been achieved with a backdrop of continuing economic uncertainties both at home and abroad. Stock m
Read moreHargreaves Lansdown helped by share rally
15th Oct 2010 07:27
This summer's stock market rally has helped wealth manager Hargreaves Lansdown boost assets under administration by 14% during its first quarter. In what has historically tended to be the company's quietest period, assets under administration grew to £19.9bn on 30 September from £17.5bn at the end
Read moreHargreaves Lansdown founder raises £58m from share sale
7th Oct 2010 16:39
Hargreaves Lansdown founder Stephen Lansdown has sold nearly 3% of the company. Lansdown sold 13.56m shares at 429p each, which raised £58.18m. That leaves Lansdown with 20.1% of the financial adviser. Wealth management firm Hargreaves Lansdown reported a record year to June 2010 despite tough m
Read moreThursday tips round-up: UBM, Mouchel, Vertu Motors
2nd Sep 2010 06:51
Milicruit is, alas, not a recruitment site for future leaders of the Labour Party but a virtual career fair that puts together former members of the US military and potential employers in "an interactive 3-D virtual setting". The notion has one huge advantage for companies such as UBM that operate s
Read moreLondon close: US cheer gives Footsie another lift
1st Sep 2010 16:39
An already buoyant Footsie enjoyed a second wind in late trading as manufacturing data from the US added to hopes that the global economy remains on course for recovery. The Institute for Supply Management's factory index rose to 56.3 from 55.5 in July, against expectations of a decline. That gav
Read moreLondon afternoon: Morning's gains consolidated
1st Sep 2010 14:21
Leading shares moved sideways over the lunch time session, consolidating the morning's gains. In the battle of the "bid speculation" stocks, package tour operator TUI Travel leapfrogged over Cable & Wireless Worldwide (CWW) to claim the prize as best performing blue-chip. TUI Travel is higher on h
Read moreLondon midday: Bid talk boosts Footsie pair
1st Sep 2010 11:58
It is a quiet day on the corporate news front and, as is often the case on such days, bid gossip is occupying the thoughts of traders. Cable & Wireless Worldwide (CWW), the demerged part of Cable & Wireless that is predominantly comprised of the telecoms giant's UK business, is being touted as a po
Read moreLondon open: Blue chips up again
1st Sep 2010 08:44
Leading shares have continued yesterday's rally after decent economic data out of China this morning. China's official purchasing managers' index rose to 51.7 in August from a 17-month low of 51.2 in July, causing an improvement in commodity prices and overall sentiment. Australian stock markets w
Read moreLondon pre-open: Footsie to rise for 4th day
1st Sep 2010 07:36
Leading shares are expected to continue yesterday's rally, despite a lackluster finish in the US overnight, as investors look to decent economic data out of China this morning. China's official purchasing managers' index rose to 51.7 in August from a 17-month low of 51.2 in July, causing an improve
Read moreRecord year for Hargreaves Lansdown
1st Sep 2010 07:12
Wealth management firm Hargreaves Lansdown has had a record year despite tough market conditions, lifting profits by 18%. Profit before tax jumped to £86.3m in the year ended 30 June, up from £73.1m 12 months ago, on revenue 20% higher at £159m. Total assets under administration rose 47% to £17.5bn
Read moreRightmove founder sells 1%
21st Jun 2010 16:30
Rightmove managing director Ed Williams has sold nearly 1% of the estate agency for just short of £8m. Williams was the founder of the rightmove.co.uk website that formed the basis of the group. He has sold nearly 1.14m shares at 699.9325p each. That leaves Williams with 1.1% of Rightmove. The imm
Read moreLondon close: Decent day for Footsie
10th Jun 2010 16:43
Footsie closed up handily after a decent start on Wall Street on a day dominated again by the problems besetting oil giant BP. On the economic front the Bank of England's Monetary Policy Committee, as expected, left its interest rate and quantitative easing policies unchanged. The European Central
Read moreLondon afternoon: Strong US start lifts Footsie
10th Jun 2010 14:40
Footsie has perked up following a bright start on Wall Street. British chip maker ARM Holdings is on the upturn on the revival of the old rumours of a bid from US consumer electronics giant Apple. Its FTSE 250-listed peer Imagination Technologies, whose chips are also used in smartphones, is highe
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