London close: Miners lift Footsie
9th Jun 2010 16:55
Footsie closed with strong gains after a volatile day for the leading share index. Mining stocks dragged the market higher as metal prices bounced on reports of an exports surge in China. A news agency is reporting that China's exports in May were 50% higher than a year earlier. That news has boo
Read moreUK SMALLCAP ROUNDUP:F&C Opposes Commercial Property Trust Merger
9th Jun 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 F&C ASSET MANAGEMENT PLC (FCAM.LN) said Wednesday it is seeking to stop a commercial property trust it manages from merging with another, in a deal that
Read moreLondon afternoon: Miners drive Footsie higher
9th Jun 2010 14:45
Mining stocks are dragging the market higher as metal prices bounce on reports of an exports surge in China. A news agency is reporting that China's exports in May were 50% higher than a year earlier. That news has boosted demand for the likes of Fresnillo, Kazakhmys, Xstrata and Vedanta. While si
Read moreFTSE 250 movers: Misys takes off
9th Jun 2010 13:55
Shares in financial software provider Misys have taken off after it said it is to return more than $1bn to shareholders after selling the majority of its stake in its Allscripts subsidiary. Volatility in foreign exchange and equity markets and growth in all of its areas of business boosted spread b
Read moreUK SMALLCAP ROUNDUP: First Property Sees Asset Growth
9th Jun 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 FIRST PROPERTY GROUP PLC (FPO.LN), a U.K. property fund manager, Wednesday posted a 28% fall in fiscal 2010 pretax profit but said its earnings are set t
Read moreLondon midday: Oil stocks slow Footsie
9th Jun 2010 12:04
The blue-chip index has limped back into the blue despite the weakness of oil stocks. Around three quarters of the market-value weighted index's constituents are higher but with heavy hitters BP, Shell and BG in the red the Footsie is struggling to make headway. BP investors are concerned by the ve
Read moreUK SMALLCAP ROUNDUP: Afnat Resources In JV With Rio Tinto
9th Jun 2010 09:30
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 AFNAT RESOURCES LTD. (AFNR.LN), an Africa-focused nickel, zinc and uranium miner, Wednesday said it agreed to enter a joint venture with mining giant Rio
Read moreLondon open: Early gains for blue chips
9th Jun 2010 08:50
London's blue chips have opened firmer after yesterday's rebound by Wall Street. Royal Bank of Scotland is going well on a report in the FT that the state-owned bank has drawn up a shortlist for two key businesses that are expected to fetch about £4bn. BP, though, is lower with investors still con
Read moreUPDATE: IG Group Profit Up 25% On Spring Volatility Spike
9th Jun 2010 08:20
(Adds detail, share price and analysts' expectations.) By Jason Douglas Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Spread betting firm IG Group Holdings PLC (IGG.LN) Wednesday said fiscal year profit will be 25% higher on the year following a spike in market volatility during the spring,
Read moreMarket volatility lifts IG
9th Jun 2010 07:13
Volatility in foreign exchange and equity markets and growth in all of its areas of business boosted spread better IG Group's fourth quarter and full year. For the year to May, IG expects to report revenue up 16% to approximately £298m (2009: £257m) and adjusted profit before tax up 25% to £157m (2
Read moreIG Group Holdings Sees FY Pretax Profit GBP157M
9th Jun 2010 07:12
LONDON (Dow Jones)--IG Group Holdings PLC (IGG.LN) said Wednesday that for the year ended May 31, it expects to report revenue of GBP298 million compared with GBP257.1 million in 2009. MAIN FACTS: -Expects adjusted profit before tax of around GBP157 million (2009: GBP125.9 million), represen
Read moreIG Group looking for new finance boss
28th Apr 2010 08:31
Steve Clutton is to step down as finance director of spread betting company IG Group after four years in the job. He will stay at the group to help bring about an orderly transition said IG, which adds that it has begun looking for a replacement. Senior director Matthew Tooth will step in while the
Read moreIG Group takes small US step
1st Apr 2010 11:53
Spread bet firm IG Group has made its first steps into the US market after its US retail-focused futures exchange, Nadex, received a change of designation to enable it to accept clients via Futures Commission merchants or brokers. IG added its US FCM subsidiary, IG Markets Inc, will begin to offer
Read moreThursday tips round-up: Hikma, IG Group, Derwent
18th Mar 2010 06:12
Hikma's forecast of "low teens" growth in branded drugs in 2010 was lower than some stockbrokers ? such as Panmure Gordon ? had been expecting. The corollary is that Hikma expects US generic drugs and injectable medicines, its two other businesses, to grow more strongly than before. But at 580p, d
Read moreLondon close: Late gains for FTSE 100
10th Mar 2010 16:41
Footsie lacked direction for much of the day, but found strength following a bright start in the US to continue its gradual ascent of recent days. Mining stocks did their bit to bolster the Footsie as metal prices rose following a sharp increase in imports into China in February. Banks also helped,
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