London midday: Tough morning for blue chips
23rd Nov 2010 11:48
Blue chips have had a difficult morning with the twin concerns of a serious outbreak of fighting in Korea and Irish bail-out worries knocking sentiment. Fears of debt contagion are pushing the banks down, with Barclays, Standard Chartered and Lloyds Banking the hardest hit. Royal Bank of Scotland
Read moreLondon open: Korea and Ireland sink markets
23rd Nov 2010 08:50
Renewed hostilities between North and South Korea and fears that the euro-crisis will spread beyond Ireland have made for a poor start on markets across Europe. Economists are lining up up to say the bail-out proposed for Ireland won't be enough to save the eurozone, while North Korea shelling a So
Read moreHomeserve half year profit slips
23rd Nov 2010 07:12
Emergency repair service provider Homeserve posted a 32% decline in half year pre-tax profit as it issued a confident outlook for the year. The boiler repair group said statutory pre-tax profit fell to £17.8m for the six months ended 30 September 2010 from £26.0m after including exceptional revenue
Read moreFTSE 250 movers: More losses for Homeserve
1st Oct 2010 15:31
Shares in Homeserve have fallen further after yesterday's update. The home maintenance specialist says interim profit is expected to be higher than last year, as expected, though growth will be weighted towards the second half. Gold and silver miner Hochschild slips back after Cazenove switched its
Read moreLondon close: Footsie slumps in last hour
30th Sep 2010 16:48
A last hour slump sent Footsie into the red by the close of a roller-coaster day. The index had been over 50 points higher in mid-afternoon after US second quarter gross domestic product (GDP) was revised upwards to show a 1.7% quarterly increase. But the Dow turned down sharply soon after, draggin
Read moreLondon afternoon: US GDP data jolts Footsie into life
30th Sep 2010 15:02
Leading equities stormed higher after US second quarter gross domestic product (GDP) was revised upwards to show a 1.7% quarterly increase. Although this represented a slow-down from the 3.7% gain in the first quarter economists had not been expecting any improvement on the previous estimated gain,
Read moreFTSE 250 movers: Homeserve update unnerves investors
30th Sep 2010 14:51
Homeserve is lower despite saying interim profit is expected to be higher than last year, as expected. The home maintenance specialist says growth will be weighted towards the second half. Pub group Enterprise Inns is higher after an upbeat note from the analyst Matrix. Punch Taverns, which also re
Read moreLondon midday: Sluggish Footsie
30th Sep 2010 12:00
Investors are holding fire ahead of this afternoon's release of US gross domestic product data. The downgrading of the credit rating of Spanish sovereign debt came as little surprise and has had minimal effect on sentiment, as has news that the bail out of Anglo Irish Bank could cost Ireland as much
Read moreHomeserve on track
30th Sep 2010 11:27
Homeserve's interim profit is expected to be higher than last year, as expected, though the home maintenance specialist says growth will be weighted towards the second half. In an update to coincide with the half-year to 30 September, its said membership businesses have continued to grow, with incr
Read moreDomino's Pizza share sale delivers Nigel Wray £9m
22nd Sep 2010 16:34
Nigel Wray, the entrepreneur who sits on the board of Domino's Pizza, has sold more than £9m in shares in the pizza delivery company. He offloaded 2m shares at 470p a time, benefitting from a strong rise in the share price since his last big sale of shares. Back in June he pocketed nearly £17m as h
Read moreLondon close: Footsie left behind
30th Jul 2010 16:34
Footsie was the sick man of Europe at trading's close as it failed to sustain a recovery that followed a downward turn sparked by disappointing US economic data. US gross domestic product (GDP) data for the second quarter was disappointing. Inflation adjusted and seasonally adjusted gross domestic
Read moreUK SMALLCAP ROUNDUP: Cape Sees More Korean Engineer Contracts
30th Jul 2010 16:00
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps CAPE PLC (CIU.LN), an energy services company, expects a surge of new contracts in the Middle East and Australia after fostering relationships with a num
Read moreLondon afternoon: Shares knocked by US GDP
30th Jul 2010 13:59
The Footsie hit new lows in the aftermath of disappointing US gross domestic product (GDP) data for the second quarter. Inflation adjusted and seasonally adjusted gross domestic product rose at an annualised rate of 2.4% in the second quarter, a significant slow-down from the 3.7% annualised gain in
Read moreUK SMALLCAP ROUNDUP: Intl Personal Finance Issues EUR225M Bond
30th Jul 2010 12:30
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps INTERNATIONAL PERSONAL FINANCE PLC (IPF.LN) Friday announced its inaugural public bond issue, pricing EUR225 million five-year bonds at a fixed coupon o
Read moreLondon midday: Stocks off the bottom
30th Jul 2010 12:12
Leading shares entered the lunch time trading session with a bit of momentum, with the FTSE index coming off its lowest levels of the day in the last half hour of the morning. Investors are turning to utilities after EDF sold its UK electricity grid operation to a consortium headed by Hong Kong bi
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