London midday: Rally falters as Egypt casts shadow
31st Jan 2011 12:17
The FTSE 100 has given up an attempt to haul itself into the blue and remains firmly in negative territory. The Egypt crisis is still casting a shadow, with the credit rating agency Moody's downgrade of the North African country adding to worries. Travel companies are bearing the brunt of the sell
Read moreLondon open: Egypt concerns unsettle blue chips
31st Jan 2011 08:54
Asian markets overnight were rattled by the weekend scenes of civil unrest in Egypt and this has put London's blue chips under pressure early on. Travel companies are bearing the brunt of the selling, Airline IAG, the former British Airways, TUI Travel and Intercontinental Hotels have all run into
Read moreBroker tips: InterContinental, Mothercare, Gem Diamonds
25th Nov 2010 13:10
Nomura says that the long-term growth potential for hotel giant InterContinental Hotels (IHG) lies in the opportunity in emerging markets. IHG expects the size of the Chinese hotel market to more than double from 2.3m to 4.8m rooms by 2020, predicting that it will surpass the size of the US hotel m
Read moreBroker snap: InterContinental to grow in the East
25th Nov 2010 12:11
Nomura says that the long-term growth potential for hotel giant InterContinental Hotels (IHG) lies in the opportunity in emerging markets. IHG expects the size of the Chinese hotel market to more than double from 2.3m to 4.8m rooms by 2020, predicting that it will surpass the size of the US hotel m
Read moreLondon open: Ireland gives market a lift
22nd Nov 2010 08:42
Markets opened strongly on hopes that Ireland's decision to accept a bail-out will mean some stability for the battered eurozone. Miners are leading the market higher with banks also in demand. Xstrata, Kazakhmys and Vedanta are the best of the metals-focused firms, while Lloyds and Barclays have p
Read moreThursday tips round-up: Prudential, Great Portland, Schroders...
11th Nov 2010 06:39
Prudential reported positive numbers yesterday, but the Independent is still put off by the ill-conceived £22bn bid for AIA that failed earlier this year and cost the insurer £350m. It is really a question about management, one that Prudential has yet to provide a satisfactory answer to, the paper
Read moreLondon close: Footsie adds gains as results impress
9th Nov 2010 16:58
Footsie added more gains Tuesday as a stream of company updates was mostly well-received. Fund manager Schroders muscled its way to the top of the Footsie leaderboard, seeing off competition from several other heavy hitters that have made trading updates today. Profits rocketed at Schroders during
Read moreLondon afternoon: Stocks come off the boil
9th Nov 2010 14:44
Investors creamed off a few profits over the lunchtime session pushing the Footsie back below 5900. Fund manager Schroders has muscled its way to the top of the Footsie leaderboard, seeing off competition from several other heavy hitters that have made trading updates today. Profits rocketed at Sc
Read moreLondon midday: Footsie climbs high as results impress
9th Nov 2010 12:21
Footsie has been hitting new highs in line with its pre-financial crisis levels as well-received company results drive the leading share index higher. Barclays is in demand after eked out a small increase in nine-month profit as a doubling of profit at the investment banking arm offset huge impair
Read moreLondon open: Results give Footsie a lift
9th Nov 2010 08:48
London has opened stronger than expected after the dip on Wall Street overnight, largely due to some well received trading updates from index heavyweights on a very busy company announcement day. Barclays eked out a small increase in nine-month profit as a doubling of profit at the investment banki
Read moreTuesday tips round-up: IMI, Xaar, Intercontinental Hotels...
26th Oct 2010 06:43
IMI, the international valve-maker based in Birmingham, is shelling out €135m (£120m) for Germany's Zimmermann & Jansen (Z&J), in what analysts tip to be the first of a spending spree that could reach £1.8bn. City analysts not only commended yesterday's deal but said they expected more, buy says the
Read moreLondon close: Miners keep Footsie in the blue
25th Oct 2010 17:04
Were it not for the strength of miners today Footsie would undoubtedly have ended in the red, as many share prices experienced a late swoon. Miners were wanted on expectations that the US dollar will suffer a relapse after the G20 agreement over the week-end that should, if adhered to, bring an end
Read moreLondon afternoon: Miners retain most of their gains
25th Oct 2010 14:28
London has lost some of its gains in the early afternoon but it is showing signs of a renewed upturn. Miners remain the best performers on expectations that the US dollar will suffer a relapse after the G20 agreement over the week-end that should, if adhered to, bring an end to so-called currency w
Read moreBroker tips: Diageo, InterContinental, Pearson
25th Oct 2010 13:21
Nomura recommends a 'buy' for Diageo after the broker highlighted several attractive options for the drinks giant. Firstly, the broker hints that luxury goods firm LMVH's purchase of a stake in sector peer Hermes could persuade LVMH to put its drinks division, Moet Hennessy, up for sale. According
Read moreBroker snap: Business travellers return to InterContinental
25th Oct 2010 12:28
Panmure Gordon has upgraded its forecasts and target price for InterContinental Hotels after the company announced another positive trading update. The group revealed a 6.7% increase in revenue per room (or revpar) in its Americas division for the third quarter. "We have increased our Americas re
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