London midday: Footsie maintains lead
25th Nov 2009 12:09
Stocks are steady at lunchtime Wednesday as miners remain firmly on the front foot, while bid speculation is behind big gains at International Power. The hot money is on International Power at the moment, with investors betting that French utility GDF Suez will bid £6bn, or 400p-a-share, for the el
Read moreLondon open: Good gains as miners rally
25th Nov 2009 08:43
Footsie has posted good gains in early dealings, despite a lower finish on Wall Street last night. Miners are again behind the rise, with an end to the brief rally by the dollar sending buyers in search of alternatives. Second liners Randgold and Kazakhmys are leading the way, but the gains are pre
Read moreHarvey Nash warns as demand stays weak
25th Nov 2009 08:24
Recruiter Harvey Nash has warned over results for the full year as demand for permanent staff has not picked up as hoped. In the third quarter, Nash saw a 23% decrease in revenues and a 72% decrease in adjusted profit before taxation. "Although we continue to see increased demand for our IT outso
Read moreSmall caps round-up: Renewable Energy Holdings, Harvey Nash, Cyan ...
12th Oct 2009 09:41
Renewable Energy Holdings has completed the sale of its CETO wave power technology to ASX-listed Carnegie Corporation. REH received a 33% stake in Carnegie in return for the CETO technology. This stake is valued at just over £30m. That is nearly 60% more than the valuation for the whole of REH. Re
Read moreSmall caps round-up: Petards, Gemstones, Norman Hay...
25th Sep 2009 08:43
Security and surveillance systems firm Petards saw profits drop for the half year but said the outlook for the second half is stronger with full year profits seen in line with expectations. Profit before tax was £242,000 against £305,000 in the same period last year on revenue that slumped to £6.6m
Read moreLondon close: Struggling Footsie finishes lower
10th Aug 2009 16:41
Footsie fought to lift itself into the blue all day but remained in the red as banks and miners weigh on the index. Lloyds Banking, which is apparently mulling a £15bn fundraising to keep down the cost of insuring toxic debt with the Government, fell. Reports in the weekend press suggest the Treasu
Read moreLondon afternoon: Stocks still softer
10th Aug 2009 15:01
The Footsie continues to trade lower, but in a narrow range as weaker banks and miners easily offset gains among the insurers. Lloyds Banking is apparently mulling a £15bn fundraising to keep down the cost of insuring toxic debt with the Government. Reports in the weekend press suggest the Treasury
Read moreLondon midday: Banks drift drags Footsie lower
10th Aug 2009 12:03
Banks are leading the Footsie lower amid talk that Lloyds is mulling a fund raising. Weekend reports said Lloyds Banking may raise up to £15bn from the stock market to keep down the cost of insuring toxic debt with the Government. The Treasury is understood to back the bank's tentative plans to ra
Read moreLondon open: Footsie heads lower
10th Aug 2009 08:50
London has opened lower with reports of Lloyds looking at a big cash call overshadowing bid talks restarting between Friends Provident and Resolution. Life insurer Friends Provident says it is now is close to agreeing a takeover by Resolution after the terms of the original offer were improved. In
Read moreHarvey Nash remains in line
10th Aug 2009 07:33
Recruitment firm Harvey Nash said trading in the six months to June has remained broadly in line with expectations underpinned by its broad portfolio of services. Revenue for the period is in line with the previous year while gross profit for the same period has recorded only a modest decline of 5
Read moreLondon close: Carnival floats higher
19th Jun 2009 17:18
The so-called "triple witching" day, when options, index futures and options on index futures all expire on the same day, passed without the high volatility usually associated with the event. If anything it was a quieter day than usual, with broker comment rather than corporate news flow driving t
Read moreLondon afternoon: Footsie riding high
19th Jun 2009 13:58
London's blue chip index is trading at session highs as investors gear up for a strong start on Wall Street. Insurers remain among the top performers after Deutsche Bank upgraded its price targets for a number of major players in the life assurance sector. Aviva, Friends Provident and Standard L
Read moreLondon midday: Footsie advances on triple witching day
19th Jun 2009 12:12
Footsie looks set to finish a disappointing week on a bright note, an outcome of keen interest to options and futures traders as today is a "triple witching" day when options, index futures and options on index futures all expire on the same day. Insurers lead the advance after Deutsche Bank upgra
Read moreLondon open: Footsie opens higher
19th Jun 2009 08:44
Footsie has started the day with a gentle lift upwards following overnight gains in the US. Housebuilder Taylor Wimpey may increase outlet openings during the second half of the year following continued stability in the UK housing market since April's final results. It leads the FTSE 350 risers and
Read moreLondon pre-open: Early advance expected
19th Jun 2009 07:39
Overnight gains in the US are likely to give London a modest 20-point lead in early deals, according to futures prices. Housebuilder Taylor Wimpey may increase outlet openings during the second half of the year following continued stability in the UK housing market since April’s final results. Its
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