London close: Deficit narrows
11th May 2010 16:34
Losses halved during the afternoon session as it looked increasingly likely the Liberal Democrats will jump into bed with the Conservative party and form a coalition government. Buyers nibbled at weak miners and banks, down sharply earlier on doubts about the €750bn Eurozone bailout plan. Kazakhmy
Read moreTuesday preview: EasyJet, Babcock, InterContinental Hotels
10th May 2010 16:36
The market will watch out for the impact last month's volcanic ash cloud has had on EasyJet's half year figures. The no-frills airline's first half results have already been well flagged by the company to come in at the top end of the £80m-£95m loss range. Nomura expects the loss to amount to £8
Read moreFTSE 100 movers: BP continues to slide
30th Apr 2010 15:34
Resources companies are pulling down the FTSE 100 index. Oil giant BP continues to slide on the back of the Gulf of Mexico oil spill. Shrimpers in Louisiana and Alabama are suing for economic loss. BHP Billiton and Rio Tinto are lower ahead of the release over the weekend of the Australian govern
Read moreLondon close: Higher finish for FTSE 100
23rd Apr 2010 16:38
It was a typically quiet Friday on the company news front, but stocks posted good gains as investors took heart from the apparent stabilisation of the Greek debt situation. Greek Prime Minister George Papandreou has asked the European Union and the International Monetary Fund to activate their €45b
Read moreLondon afternoon: Insurers left behind
23rd Apr 2010 14:07
The blue-chip index edged higher over the lunch time session but has not yet recouped all of yesterday's losses, and barring a late flourish looks set to end the week lower than it started it. The number of FTSE 100 constituents in the red is in single figures and comprises a large number of insure
Read moreFD sells after Invista bid talks end
8th Mar 2010 16:49
Invista Real Estate Investment Management finance director Guy Eastaugh sold nearly one-third of his shares in the company the day after it announced that bid talks had ended. Eastaugh sold 150,000 shares at 49p each, which raised £73,500. Prior to the announcement that the takeover talks had ende
Read moreInterContinental Hotels chief exec stocks up
15th Dec 2009 15:34
Andrew Cosslett, the chief executive of the Holiday Inn operator InterContinental Hotels, has spent about £276,000 lifting his stake in the company. He bought 30,676 shares at 901p a time. His purchase comes on the back of a strong rise in the share price of InterContinental, which has benefited
Read moreBroker tips: InterContinental Hotels, Bovis, TUI
11th Dec 2009 12:45
InterContinental Hotels has shrugged off a downgrade to 'hold' from 'buy' at Panmure Gordon, which thinks the shares are fully valued. The shares are trading very close to the broker's 910p price target following a strong performance in 2009, while Panmure adds that further consensus forecast upgra
Read moreBroker snap: InterContinental Hotels downgraded
11th Dec 2009 12:44
InterContinental Hotels has shrugged off a downgrade to 'hold' from 'buy' at Panmure Gordon, which thinks the shares are fully valued. The shares are trading very close to the broker's 910p price target following a strong performance in 2009, while Panmure adds that further consensus forecast upgra
Read moreLondon close: Good end to the day and week
13th Nov 2009 16:44
London headed into the weekend in an upbeat mood as Wall Street started the day strongly and investors took a shine to property giants as the close neared. British Land, shopping centre owner Liberty and Hammerson finished in the top five risers by the end of the day. A modest rally in the dollar
Read moreLondon afternoon: Footsie flat
13th Nov 2009 14:54
Stocks are trading little changed as weak miners cancel optimism elsewhere. A modest rally in the dollar has caused traders to pocket profits ahead of the weekend. ENRC, Vedanta, Xstrata and Antofagasta have fallen. British Airways has turned tail as the market assesses terms of its proposed merg
Read moreWednesday tips round-up: Randgold, Schroders, InterContinental Hotels
11th Nov 2009 06:19
As most things have crashed down around the feet of investors in the past year, so gold has enjoyed a revival as investors flocked to safer ground. As such, Randgold Resources, possibly the biggest company you might never have heard of, has cashed in. The mining group is the only pure gold miner on
Read moreLondon close: Flat finish for FTSE 100
10th Nov 2009 16:29
Footsie finished slightly in the red having failed to find any sense of direction all day as results sent stocks in both directions. Banking titan HSBC climbed after it said underlying third quarter profit was "significantly" ahead of the same time last year. It's also seeing some stabilisation in
Read moreLondon afternoon: Miners drag Footsie under
10th Nov 2009 14:31
With the US markets opening lower, London has followed suit, despite a strong performance from FTSE 100 index heavyweight HSBC. Banking titan HSBC said underlying third quarter profit was "significantly" ahead of the same time last year. It's also seeing some stabilisation in its bad debts picture,
Read moreLondon midday: Mixed fortunes for banks
10th Nov 2009 11:58
Despite a slew of company results to pick over the market continues to lack direction, though a good reception to results from index heavyweight HSBC helps underpin the FTSE 100's positive showing. Banking titan HSBC said underlying third quarter profit was "significantly" ahead of the same time la
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