London open: Miners and banks prove a drag
29th Nov 2011 08:36
Investors are generally holding their fire ahead of this afternoon's Autumn statement from the Chancellor of the Exchequer, George Osborne. The Footsie gives back a few of the gains made yesterday, largely as a result of the weakness of miners, while banks are also off the boil. PUTTING ON A SHOW
Read moreRevenues up 23% at IG Group
29th Nov 2011 07:14
Spread betting pioneer IG Group saw a high level of client activity in the second quarter of its financial year, continuing the trend seen in the first. As a result, the group currently expects to achieve revenues in excess of £193.0m for the first half, compared to £156.7m in the corresponding per
Read moreWednesday tips round-up: Abcam, National Express, IG
14th Sep 2011 06:34
Abcam initially produced primary antibodies, tools used in genetic research. Four fifths of its products go into laboratories and other research facilities funded by the public purse, which is a weakness. The company floated on AIM in 2005 with a market capitalisation of £57.5 million and is now wor
Read moreLondon close: Good gains as FTSE 100 rallies
13th Sep 2011 16:58
Stocks rediscovered their earlier buoyancy to finish with strong gains as hopes of a resolution of the euro crisis attracted buyers. Today's big mover, Cairn Energy, fell sharply after reporting disappointing results from its drilling campaign offshore Greenland, with one well coming up dry and ano
Read moreLondon midday: Eurozone worries resurface
13th Sep 2011 12:07
This morning's bright start seems a distant memory now, with shares firmly in the red as worries over the Eurozone situation take centre stage again. Today's big mover, Cairn Energy is sharply lower after reporting disappointing results from its offshore drilling campaign offshore Greenland, with o
Read moreLondon open: M&B leads the rise after offer rejection
13th Sep 2011 08:32
Reports that China is planning to provide support to the Eurozone helped UK stocks higher on Tuesday morning, following a late recovery on Wall Street last night. Wall Street's rally was prompted by reports that Italy's government is negotiating with the Chinese government in the hope that Beijing
Read moreIG Group's first quarter helped by record August
13th Sep 2011 07:07
IG Group has backed up its bullish trading update last month by confirming that revenues jumped 26% in the first quarter ended 31 August, a like-for-like increase of 30%. The FTSE 250 spread-betting firm said on 22 August that it expected revenues in the three month period to exceed £94m, from £79m
Read moreThursday tips round-up: Supergroup, Prezzo, IQE
8th Sep 2011 06:32
Fashion group Supergroup sells at 17 times this year's earnings. Lifestyle brands such as SuperGroup have done well over the recession and future growth looks assured, but the churl in me finds it hard to see immediate progress for a retailer on this sort of multiple in this market, says Martin Wall
Read moreBroker tips: Tullow Oil, IG Group, Hikma
26th Aug 2011 12:48
UBS says that Tullow Oil is in a comfortable financial position, and with catalysts "plentiful" in September, the broker keeps its buy rating on the Africa-focused oil giant. "With the expectation of receiving $2.9bn cash for the sale of its Ugandan assets, coupled with growing cashflows from Jubil
Read moreBroker snap: Singer makes upgrades at IG
26th Aug 2011 12:35
Following IG Group's record client activity reported in its recent trading update (22 August), Singer Capital Markets has upped its earnings per share (EPS) forecasts and reiterated its buy recommendation for the spread-betting firm. Despite it being holiday season in the majority of the group's ma
Read moreLondon close: Higher finish for FTSE 100
22nd Aug 2011 16:35
The FTSE 100 quickly snapped out of its poor start to finish with gains, though these were somewhat off earlier highs following the start of trading on Wall Street. Gold producers such as Randgold Resources and Petropavlovsk were driven higher by rising prices for the precious metal. Oilfield serv
Read moreFTSE 250 Movers: IG does well out of the economic turmoil
22nd Aug 2011 12:16
While creating a headache for most, the recent volatility in stock markets has helped spread-betting firm IG Group achieve record levels of client activity in its first quarter, giving a generous boost to its share price. Despite it being holiday season in the majority of the group's markets, IG e
Read moreLondon midday: Stocks post big gains as miners advance
22nd Aug 2011 12:11
Despite a faltering start, the FTSE 100 is now posting near triple-digit gains with resource stocks in particular posting big gains. A surging gold price, which stands just below the $1,900 level drives FTSE 100 miner Randgold Resources to the top of the pile. Oilfield services group Petrofac was
Read moreLondon open: Randgold leads risers as Footsie gains 0.6%
22nd Aug 2011 08:31
After slipping into the red in the opening minutes, the blue chip index quickly swung into the blue, recovering after the steep sell-off seen late last week. A surging gold price, which stands just below the $1,900 level drove FTSE 100 miner Randgold Resources to the top of the pile. Oilfield serv
Read moreIG boosted by recent volatility
22nd Aug 2011 08:05
While creating a headache for most, the recent volatility in stock markets has helped spread-betting firm IG Group achieve record levels of client activity in its first quarter. Despite it being holiday season in the majority of the group's markets, IG expects revenues to exceed £94m in the three m
Read more