London open: Footsie drops below 5,000
3rd Oct 2011 08:29
The Footsie plummeted in early trading on Monday, dropping below the 5,000 level, as euro worries continue to dampen sentiment. Despite Greece's tough austerity measures, the debt-stricken country revealed on Sunday that it will miss its deficit target for 2011, as it unveiled plans for job cuts ac
Read moreImage Scan sees 40% revenue increase
3rd Oct 2011 07:33
Image Scan expects revenues to increase 40% as orders for its security equipment increased threefold from last year. Its shares surged 15%. The group, which last month said it had won a £1,460,000 for the supply of x-ray security screening systems, said sales of security equipment have increased by
Read moreLondon close: Triple-digit losses as Euro worries continue
19th Sep 2011 16:50
Shares failed to recover from an early slide as ongoing worries over the Eurozone situation continued to cast a shadow. The FTSE 100 closed down 108 points. Greek Prime Minister George Papandreou has cancelled a planned trip to the US to guide Greece through what could be a critical seven day peri
Read moreLondon midday: Eurozone worries cast a shadow
19th Sep 2011 12:03
London's blue chip index is stuck below 5,300 points as the Eurozone saga rumbles on. Investors seeking a resolution to the problems were disheartened after a meeting of EU finance ministers in Poland on Friday failed to live up to expectations. "There is a firm 'risk-off' tone to the start of the
Read moreImage scan revenue boosted by 3D win
19th Sep 2011 11:22
Security firm Image Scan says it has won a £1,460,000 for the supply of x-ray security screening systems to an unnamed client. The winning bid means total orders for the year are up to £4.3m although the projected margin is set to fall from previous levels. The chief executive of Image Scan Louise
Read moreLondon close: FTSE 100 outshines overseas stocks
6th Jun 2011 16:38
London's leading share index was an island of blue in a sea of red Monday after the IMF's endorsement of the government's deficit-cutting programme. The soft housing market and the effects of fiscal consolidation will continue to weigh on UK growth after a flat 6 months to 31 March, the IMF predict
Read moreLondon midday: FTSE 100 limps towards the blue
6th Jun 2011 12:01
The top share index is struggling to haul itself into positive territory having fallen back in early dealings. Spirits brands owner Diageo is set to acquire SABMiller's stake in a Kenyan brewery firm for around £140m. Through its subsidiary East African Breweries Limited (EABL), Diageo - famous for
Read moreImage Scan jumps after new orders
6th Jun 2011 08:43
Shares in Image Scan jumped after the security scanner group said it won £405,000 of contracts since releasing its interim results last month. It has received orders for 21 FlatScan portable x-ray screening systems, including nine from a new customer in the Middle East. It has sold its first device
Read moreLondon open: Stocks fall back
6th Jun 2011 08:24
Stocks have edged lower this morning following declines in Asia. Company news is thin on the ground though not without interest. Spirits brands owner Diageo is set to acquire SABMiller's stake in a Kenyan brewery firm for around £140m. Through its subsidiary East African Breweries Limitied (EABL)
Read moreImage Scan has strategic investor in the wings
18th May 2011 16:51
Image Scan rose sharply Wednesday after the 3D and 2D x-ray imaging firm said an investor has approached the company about making a £0.3m strategic investment. That investor is Rise Step International Development, a Hong Kong resident limited liability investment company whose sole director is Lu
Read moreLondon close: Shares jump after sluggish start
24th Jan 2011 16:46
Shares put their early indecisiveness behind them to close with good gains after a decent start on Wall Street. Banks were weak after comments by the head of the Independent Banking Commission over stricter capital rules and possible separation of the retail and investment bank arms. The political
Read moreLondon afternoon: Stocks edge higher
24th Jan 2011 14:49
After a morning of indecision, leading shares pushed on over the lunch time session, despite the weakness of the banking sector. Banks are weak after comments by the head of the Independent Banking Commission over stricter capital rules and possible separation of the retail and investment bank arms
Read moreLondon midday: Banks hold back FTSE 100
24th Jan 2011 12:13
Shares are still seeking direction as banks fall back. The sector is weak after comments by the head of the Independent Banking Commission over stricter capital rules and possible separation of the retail and investment bank arms. The political problems in Ireland have also unsettled the mood. RBS
Read moreLondon open: Cautious start to week
24th Jan 2011 08:51
London is muddling along in the early exchanges despite the decent finish to last week on Wall Street. Banks are weak after comments by the head of the Independent Banking Commission over stricter capital rules and possible separation of the retail and investment bank arms. The political problems i
Read moreImage Scan signs £750,000 nuclear contract
24th Jan 2011 07:45
Shares of 3D and 2D x-ray imaging firm Image Scan powered ahead after it announced it had signed a £750,000 contract for the supply of an x-ray inspection system for use within a large UK nuclear facility. The group's chief technical officer Nick Fox has been working closely with a key contractor t
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