UK 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,
Read moreLondon afternoon: Stocks trade sideways
10th Mar 2010 14:25
The market traded sideways over the lunchtime session allowing the blue-chip index to retain its tenuous position above the 6500 level. Mining stocks are doing their bit to bolster the Footsie as metal prices rise following a sharp increase in imports into China in February. Banks are also doing th
Read moreLondon midday: FTSE 250 stocks shine
10th Mar 2010 12:01
The Footsie is clinging on to positive territory, not helped by the likes of Admiral, BATS, Serco, Schroders, Standard Chartered and TUI Travel trading in ex-dividend form today. The main points of interest this morning were outside of the FTSE 100 index, however. FTSE 250 constituent Tullett Prebo
Read moreLondon open: Very quiet start
10th Mar 2010 08:51
London's blue chips have opened lower but there is little momentum either way at present with modest gains for the banks offset by a stack of companies going ex-dividend. Derivatives broker Tullett Prebon is the stand-out after it confirmed preliminary discussions with a third party which may or ma
Read moreLondon pre-open: Shares seen lower
10th Mar 2010 07:32
London's blue chips are expected to open lower on Wednesday with traders forecasting a 10 points drop. Life insurer Standard Life is lifting its efficiency targets for 2010 after delivering 'good profits and healthy cash flow' in 2009. Underlying profit before tax in 2009 rose to £291m from £154m t
Read moreIG posts 11% rise in quarterly revenue
10th Mar 2010 07:02
Spread bet firm IG Group reported a 11% rise in quarterly revenue and said it is well positioned for further growth. Total revenue for the three months ended 28 February was approximately £69m compared with £62m in the corresponding quarter last year. However, IG said the strong equity market rall
Read moreSanderson chairman buys nearly 25% of company
1st Feb 2010 16:26
Christopher Winn, the executive chairman of enterprise software provider Sanderson Group, has bought nearly all of private equity firm Alchemy's stake in the company. Alchemy was involved in the original management buy out of Sanderson in December 1999, which was split into three companies includ
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