London midday: Banks miss out
25th Oct 2010 12:05
Having got off to a flying start London spent the mid-morning period slowly relinquishing its gains before regaining impetus just before midday. Miners continue to lead the advance on expectations that the US dollar will suffer a relapse after the G20 agreement over the week-end that should, if adh
Read moreLondon open: Currency issues lift miners
25th Oct 2010 08:48
Blue chip rose sharply as the softer dollar lifted commodity prices higher. Most Asian markets did well as the G20 economic powerhouses promised to work together to avoid "competitive devaluation" of currencies. That has been interpreted as a signal for the dollar to slide further, which has encou
Read moreUS business travellers lift Intercontinental
25th Oct 2010 07:25
Hotel giant Intercontinental Hotels' US revenues have picked up strongly in the past three months, driven by a revamping of its Holiday Inn chain and more business travellers. Revenue per room (or revpar) in its Americas division sped up through the third quarter to 6.7%. Occupancy growth rose by 3
Read moreFTSE 100 movers: Miners higher on Chinese growth
1st Sep 2010 16:11
Footsie is much higher today with only two constituents falling in price. Positive manufacturing sector data from China has boosted miners. Kazakhmys, Xstrata and Antofagasta are all ahead on the day and with five out of the top ten performers metals-related. Travel related shares are regaining
Read moreFTSE 100 movers: Chip acquisition boosts ARM
31st Aug 2010 16:50
Chip designer ARM is higher following yesterday's $1.4bn purchase of Infineon's wireless subsidiary by Intel. The Infineon business' chips use ARM architecture so Intel may have to push its rival's technology. Miners had a strong afternoon with Fresnillo and Randgold Resources among the highest r
Read moreFTSE 100 movers: TUI continues downward journey
11th Aug 2010 15:39
There are few risers in the Footsie as TUI Travel continues to head the fallers. Package holiday firm Thomas Cook followed up yesterday's disappointing trading statement by TUI with one of its own. Thomas Cook warned that full-year profits will be at the low end of forecasts due to softer UK booki
Read moreLondon afternoon: No sign of rally yet
11th Aug 2010 13:57
Expectations of a weak start on Wall Street have put the kybosh on any hopes of a recovery in London over the lunch time session, after leading shares endured a tough morning in the wake of downbeat statements from the Federal Reserve (last night) and the Bank of England (this morning). The Bank of
Read moreLondon midday: BoE adds to gloom
11th Aug 2010 12:08
London has lurched lower still after the Bank of England lowered its forecasts for economic growth in 2011 while raising inflation expectations. The Bank is now predicting economic growth of 2.5% in 2011, down from a previous forecast of 3.4%. He predicted that inflation would remain above the 2%
Read moreBroker tips: InterContinental, Vodafone, Micro Focus
11th Aug 2010 11:34
The share price slide on Tuesday in the wake of interim results that were ahead of expectations provides an excellent opportunity to buy shares in hotels group InterContinental Hotels Group (IHG), according to Panmure Gordon. The broker has increased its full year earnings per share estimate by 10.
Read moreBroker snap: IHG buying opportunity
11th Aug 2010 11:20
The share price slide in the wake of interim results that were ahead of expectations provides an excellent opportunity to buy shares in hotels group InterContinental Hotels Group (IHG), according to Panmure Gordon. The broker has increased its full year earnings per share estimate by 10.1% to 92.6
Read moreSector movers: TUI and IHG drag down leisure stocks
10th Aug 2010 15:30
Travel and leisure stocks, particularly those related to holidays, are having a poor day. TUI Travel warned profits this year will be at the low end of forecasts after UK bookings faltered. Bookings by Britons are down by 2% over the past 12 weeks with the Netherlands down by 3%. This later booking
Read moreLondon afternoon: Buyers take a holiday
10th Aug 2010 14:14
Leading equities moved further into the red over the lunch time session as investors remained concerned about slowing growth in the Chinese economy and signs closer to home that the Budget spending cuts are starting to have an effect on the mood of UK consumers. China's trade surplus hit an 18-mon
Read moreFTSE 100 movers: TUI Travel disappointment
10th Aug 2010 13:49
Travel operator TUI Travel is the biggest faller in the Footsie after it warned profits this year will be at the low end of forecasts after poor bookings. TUI's third quarter profit of £103m was in line with expectations. Volcanic ash disruption cost £105m. Bookings by Britons are down by 2% over
Read moreLondon midday: Consumer spending fears sink Footsie
10th Aug 2010 12:02
Concern about consumer spending has pulled the rug from under Footsie after a profit warning from tour operator TUI and weak retail sales figures. TUI Travel warned profits this year will be at the low end of forecasts after UK bookings faltered. Bookings by Britons are down by 2% over the past 12
Read moreLondon open: Poor start for Footsie
10th Aug 2010 08:54
London shares are lower in early dealings as comments from hotel and travel firms suggest consumers are starting to feel the pinch. Worries over the economy have certainly caught up with travel group TUI Travel, which warned profits this year will be at the low end of forecasts after UK bookings fa
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