Hornby seeing strong recovery
31st Mar 2010 07:27
Toy racing car and train set maker Hornby said it is now seeing a strong recovery and is confident of reporting a solid full year performance. "Order intake in the first three months of 2010 has been extremely encouraging, which gives us confidence that we are set to deliver a solid performance in
Read moreTuesday tips round-up: FirstGroup, Templeton Emerging, Hiscox
26th Jan 2010 06:51
Bus and train group FirstGroup has been called "the worst company in Britain" and the Telegraph completely understands this point of view but believes from an investment point of view, there are compelling reasons to buy the shares. In its third-quarter trading update, issued on 14 January, the gro
Read moreLondon close: Downward drift continues
25th Jan 2010 16:33
Nervousness returned to the markets after an indecisive start, sending Footsie to another day of losses on top of last week's slump. British American Tobacco, National Grid, GlaxoSmithKline and Scottish & Southern Energy were among the fallers. Miners were also hit, with ENRC, Anglo American and R
Read moreLondon afternoon: Shares drift lower
25th Jan 2010 16:04
Nervousness has returned to the markets following an indecisive start to the day. The UK's leading index has suffered further losses after last week's 200 point slump as investors discussed the potential impact of President Obama's new bank controls. US shares fell heavily last week on the shock
Read moreLondon midday: Footsie holding on
25th Jan 2010 12:22
London continues to trade just above 5,300 thanks to financials and mining plays, although defensive issues are proving a drag. The UK's leading index slumped 200 points last week as investors discussed the potential impact of President Obama's new bank controls. But it appears there's a feeling t
Read moreLondon open: Mixed start for blue chips
25th Jan 2010 08:45
London has opened lower with banks and miners mixed and buyers largely sitting on the sidelines. The potential impact of President Obama's new bank controls continues to weigh heavily on the UK sector, with additional fears that a new chunk of fund raising could be on the cards to meet tougher new
Read moreLondon pre-open: Bleak opening in prospect
25th Jan 2010 07:38
Though London finished off its lows at the close on Friday the subsequent shake-out on Wall Street and the weakness of Asian markets overnight appears to have put paid to any hopes of a bright opening, with the FTSE 100 expected to open around 50 points lower. Wolseley says finance chief Steve Web
Read moreHornby encouraged by recent sales
25th Jan 2010 07:11
Hornby's sales were 'encouraging' in the weeks up the Christmas and period immediately after, with the model train and racing car group adding it has also largely sorted out the supply issues that have dogged it recently. "We have entered 2010 in a strong position. Sales were encouraging in the imp
Read moreLondon close: Good end to the day and week
13th Nov 2009 16:44
London headed into the weekend in an upbeat mood as Wall Street started the day strongly and investors took a shine to property giants as the close neared. British Land, shopping centre owner Liberty and Hammerson finished in the top five risers by the end of the day. A modest rally in the dollar
Read moreLondon afternoon: Footsie flat
13th Nov 2009 14:54
Stocks are trading little changed as weak miners cancel optimism elsewhere. A modest rally in the dollar has caused traders to pocket profits ahead of the weekend. ENRC, Vedanta, Xstrata and Antofagasta have fallen. British Airways has turned tail as the market assesses terms of its proposed merg
Read moreLondon midday: Footsie drifts sideways
13th Nov 2009 12:25
It's a lacklustre day in London so far despite BA's Spanish merger as a modest rally in the dollar prompts some profit taking among the miners. British Airways is the top riser after it and Spanish airline Iberia outlined the terms of their merger. BA will own 55% of the enlarged company and Iberia
Read moreLondon open: Mild gains for Footsie
13th Nov 2009 08:36
Footsie has made modest progress in early dealings despite a dip on Wall Street last night as the dollar rallied. British Airways is the top riser after it and Spanish airline Iberia outlined the terms of their merger. BA will own 55% of the enlarged company and Iberia 45%. The merger is expected t
Read moreHornby axes dividend as dollar slide bites
13th Nov 2009 07:34
Scalextric and model train set group Hornby has chopped its interim dividend citing the weaker sterling/dollar exchange rate, which has hit its profit and cash generation potential. Sales in the six months to September rose by 5% to £25.5m, but profits fell to £743,000 from £1.81m as margins came u
Read moreFriday preview: Tullett Prebon, Hornby
12th Nov 2009 16:02
Inter-dealer broker Tullett Prebon is expected to offer a brief update on trading in the July to October period on Friday. Broker Panmure Gordon is expecting headline revenues of £312m, down 6% on admittedly tough comparative figures. Revenues are likely to be inflated by a 7% boost from favourable
Read moreHottest toys won't break the bank this Christmas
30th Oct 2009 13:12
Parents won't have to win the lottery to pay for their children's Christmas presents this year as toymakers flood the shelves with affordable games and gizmos. The Toy Retailers Association (TRA) this week revealed the toys it thinks most kids want to find in their stocking Christmas morning. It s
Read more