London midday: Shares keep gains
18th Jan 2011 12:17
The top share index remains buoyant as mining sector strength and company updates attract buyers. Miners are strong led by Vedanta, Kazakhmys and ENRC.Rio Tinto's global iron ore operations set a new quarterly production record in the final three months of 2010. The group produced 65m tonnes in the
Read moreLondon open: Footsie back over 6,000
18th Jan 2011 08:49
Blue chips have rallied following a strong performance in Asia this morning, renewed demand for the miners and some good trading updates. Brewer SABMiller helped more drinkers in Africa and China quench their thirst during the third quarter, sending organic lager volumes up 3%. The owner of Peroni
Read moreIG needs pick-up to hit full year expectations
18th Jan 2011 07:15
Spread betting firm IG Group fell into the red at the interim stage after taking a hit on the value of its troublesome Japanese business. Adjusted profit before tax in the six months to 30 November rose 5% to £81.6m from £78.0m the year before, but on a statutory basis the group posted a loss of £6
Read moreTuesday preview: SABMiller, Burberry, inflation
17th Jan 2011 15:40
A number of alcoholic drinks-related companies are due to release trading updates this week, and brewing giant SABMiller is first to the bar on Tuesday. The global operator recently advanced into territory dominated by the world's biggest brewer, Anheuser-Busch Inbev, with the purchase of CASA Isen
Read moreIG Group appoints FD
14th Dec 2010 08:26
Spread bet group IG has appointed Christopher Hill as its new finance director. He starts in the role on 26 April next year. Hill, aged 39, is currently the chief financial officer of Travelex, a group providing cross-border payment and foreign exchange services to corporate and individual clients
Read moreBroker tips: Centrica, Chi-Med, IG Group
10th Dec 2010 13:29
Although estimates have been scaled back, Nomura retains its positive stance on Centrica as the company is best placed to benefit from the changes of the energy and home services industry. The broker maintains that the utility group will be its top pick in 2011, as it will be able to adapt from UK
Read moreBroker snap: IG's progress depends on the US
10th Dec 2010 12:30
While many of IG Group's markets have extended growth, finnCap thinks the key markets in terms of achieving earnings upgrades are Japan and the US. The spread-betting company's pre-close revenue guidance released Thursday is line with the broker's expectations with UK revenue rising by 4%, Australi
Read moreFTSE 250 movers: Ashtead leads the market higher
9th Dec 2010 15:06
Top of the list on Thursday afternoon is equipment hire firm Ashtead which said growing sales in North America lifted second quarter sales but it warned end markets remain fragile. Underlying pre-tax profit rose 49% to £18.1m in the second quarter ended 31 October 2010. Revenue advanced 9% to £245.2
Read moreIG Group revenues rise 9%
9th Dec 2010 13:45
Spread-betting company IG Group saw a 9% jump in first half revenue despite a number of regulatory hurdles in Japan and the US. Sales will reach £157m in the six months to November, with mainland Europe driving the improvement. As a whole, revenue in IG's European is up 24% to £27m, with Germany t
Read moreIG dismisses €25m Echelon claim
23rd Nov 2010 07:31
A group of investors who lost money when broker Echelon Wealth Management went bust two years ago have made a claim against spreadbetting firm IG Group for more than €25m. Glasgow-based contracts for difference (CFD) broker Echelon, a former client of IG Markets, went into liquidation in October 20
Read moreAsia Pacific boss cashes in at IG
16th Sep 2010 16:39
IG Group's Asia Pacific boss' stake in the spread betting firm has more than halved following his wife's share disposal raising £2.32m. Tokyo-based Andrew MacKay's wife Emily sold 456,225 shares at 507.6p each. This follows the disposal of 1m shares in January at 371.9p a share. The disposals have
Read moreSunday tips round-up: Genus, IG Group, Titan Europe...
12th Sep 2010 10:48
Genus provides animals which have better genes compared with current livestock in terms of yield, health and hardiness. It produces the sperm (in the case of bulls) or animals (in the case of pigs) that provides these traits. Animals with better genes produce more meat, live longer and are cheaper
Read moreLondon close: Banks behind fresh surge
9th Sep 2010 16:38
Investors were back in love with banks Thursday which, coupled with a big session for the miners, pushed the leading index to a new four-month high. The FTSE 100 finished not far off its best levels above 5,500. It was the first tim eit had traded above the big figure since May 4. British lenders
Read moreLondon afternoon: ARM gives Footsie a hand
9th Sep 2010 14:44
Mining stocks continue to drive the market's advance, despite metal prices falling back as concerns grow about the Chinese authorities' determination to cool off the economy, with the latest report from the People's Republic suggesting that the government is set to introduce measures to curb propert
Read moreLondon midday: No change from BoE
9th Sep 2010 12:22
Footsie has fully recovered from a weak start and now boasts healthy gains driven by the banks and miners. As expected, the Bank of England kept interest rates on hold at 0.5% and the quantitative easing programme intact. The minutes, detailing who voted for a rate rise, will be more telling. Mine
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