London open: Dull start for Footsie
9th Sep 2009 08:43
London has opened lower despite another good day on Wall Street as Nasdaq hit an eleven-month high. Oil and gas explorer BG Group revealed more good news from Brazil an excellent test drill on its 30% owned Guara discovery in the Santos Basin off the coast of Brazil. The discovery is estimated to c
Read moreLondon pre-open: Footsie to surrender Tuesday's gains
9th Sep 2009 07:40
A softer start is foreseen for London with traders expecting the FTSE 100 to open down by around 13 points at 4,934 despite some generally favourable news flow on the corporate front this morning. Sportswear retailer Sports Direct said trading levels since July have been ahead of last year and expe
Read moreOverseas operations boost IG
9th Sep 2009 07:23
Strong overseas growth helped spread better IG Group lift revenue by 28% in its first quarter to £68m from £53m. Excluding the impact of FXOnline Japan KK, organic revenue growth was 17%, IG added, while the charge for doubtful debts in the period was less than 1% of revenue. London office reven
Read moreWednesday preview: Sports Direct, IG Group
8th Sep 2009 18:00
Newcastle United owner Mike Ashley's sports retail business, Sports Direct updates the market on trading over the 13-week period from May to early September, and, like Newcastle United, things might be looking up for the company. A sunnier summer is likely to have helped sales. Singer Capital Marke
Read moreFTSE 250 movers: Stobart pulls away
22nd Jul 2009 10:14
Shares in Stobart speed ahead after the transport and logistics group bagged a distribution contract for Tesco's new 1.2m sq ft import centre in Middlesbrough worth about £25m a year. Shares in IG Group are higher again after the spread-betting firm said yesterday that profits for the year climbed
Read moreWednesday tips round-up: Next, Brammer, Rolls-Royce
22nd Jul 2009 06:46
Increasing unemployment could be a real problem for the high street and Next. Chief executive Simon Wolfson disagrees, arguing that the rate of joblessness is not increasing and neither unemployment, nor concerns about swine flu, has had any affect on the group's sales season. Even so, hold for now
Read moreLondon close: Rally continues
21st Jul 2009 16:44
Footsie finished just shy of the 4,500 mark after another day of gains as the rally continues. Wm Morrison led the way after saying it is confident full year results will be ahead of its earlier expectations due to continuing customer growth and the successful implementation of its cost cutting pla
Read moreLondon afternoon: Advance gathers speed
21st Jul 2009 14:11
London kicked on over the lunchtime session, with risers outnumbering fallers by four to one among FTSE 100 constituents. Wm Morrison leads the way after saying it is confident full year results will be ahead of its earlier expectations due to continuing customer growth and the successful implement
Read moreLondon midday: Morrisons leads advance
21st Jul 2009 11:57
Retail stocks dominate proceedings in London following trading updates from Morrisons and Next. Wm Morrison leads the risers in the FTSE 100 after saying it is confident full year results will be ahead of its earlier expectations due to continuing customer growth and the successful implementation o
Read moreLondon open: Gains continue for Footsie
21st Jul 2009 08:42
London's blue chips have started another day in positive territory with Footsie more than 15 points higher. The blue chip index has now risen by about 7% in the past few days. Supermarket chain Wm Morrison is confident full year results will be ahead of its earlier expectations due to continuing cu
Read moreLondon pre-open: Shares set to rise
21st Jul 2009 07:31
London's blue chips look set to start another day in positive territory with traders expecting Footsie to open 11 points higher. Supermarket chain Wm.Morrison is confident full year results will be ahead of its earlier expectations due to continuing customer growth and the successful implementation
Read moreIG Group profits up 15%
21st Jul 2009 07:23
Spread betting firm IG Index saw profits surge 15% in the year, helped by organic growth and the acquisition of FXOnline Japan. The group said the new financial year has started well, despite subdued market volatility. It said it remains difficult to predict future trends in volatility or customer
Read moreTuesday preview: Severn Trent, Microgen
20th Jul 2009 15:38
Water company Severn Trent will issue its AGM statement tomorrow after it saw profits fall in the last financial year due to increased energy and commodity costs. Profit before tax for the year to March fell 12.9% to £167.6m. Underlying profit before interest, tax and exceptionals was flat at £470
Read moreFTSE 250 movers: Charter falls after warning
10th Jun 2009 10:51
Engineer Charter International falls back after warned that if difficult conditions seen in May persist, it anticipates the outcome for 2009 will be materially lower than its previous expectations. Turning to the risers, IG Group is going well for the second day in a row after yesterday saying it e
Read moreWednesday tips round-up: IG, Oxford Instruments, Playtech
10th Jun 2009 06:54
Spreadbetter IG is a good way of getting exposure to equity volatility, without having to pick specific companies. With most financial stocks still considered too toxic for investors of sound mind, those that traditionally like the sector should add IG. Buy says the Independent. The Times adds that
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