London pre-open: Lower start expected
12th Nov 2009 07:38
Footsie is expected to slip back slightly in early dealings following good gains yesterday. Telecoms giant BT has reported second quarter revenue in line with expectations and thinks it will generate at least £1.6bn of free cash flow this year versus its old target of over £1bn. Revenue for the thr
Read moreUpdate: 3i NAV disappoints
12th Nov 2009 07:14
Shares in private equity group 3i slipped in early trading Thursday as the market expressed dissatisfaction with the company's net asset value performance. The company's diluted net asset value (NAV) per share at the end of September stood at 286p, up from 279.4p at the end of March but well below
Read moreLord Smith to leave 3i for Glasgow Games role
14th Oct 2009 12:18
Lord Smith of Kelvin is retiring as a non-executive director at 3i to focus on his role as chairman of the 2014 Commonwealth Games Organising Committee. The chairman of Scottish & Southern Energy and Weir Group will leave the private equity firm at the end of this month and be replaced as chairman
Read moreLondon close: US data sinks Footsie
24th Sep 2009 16:46
Footsie turned down sharply in the last couple of hours of trading as US shares retreated on weak home sales and lower commodity prices, especially oil. Property companies led the UK lower after Canary Wharf property owner Songbird announced it would issue 62bn shares at a penny each as part of a
Read moreLondon afternoon: Property stocks a drag
24th Sep 2009 15:03
After spending the lunchtime session in positive territory the Footsie has fallen back into the red, with property companies leading the way down. Land Securities, British Land, SEGRO and Hammerson are all under the cosh as investors cool on the sector following huge cash calls this week by Liberty
Read moreLondon midday: Footsie rally falls short
24th Sep 2009 12:22
Footsie still sits in the red after giving up an attempt to launch a foray into positive territory. London Stock Exchange is the heaviest faller after it said the average daily value traded on its SETS electronic trading system declined by 43% in the five month ended August. 3i is also down. The p
Read moreFTSE 100 movers: Microsoft talk lifts Autonomy
24th Sep 2009 10:11
Software group Autonomy, which announced a license agreement with the European Commission, is one the best performers today. Traders said it is less to do with that bit of business, though, and more with rumours of a Microsoft takeover bid, though they added it is a story that has done the rounds b
Read moreLondon open: Footsie starts down
24th Sep 2009 08:15
London's top stocks are posting losses in early dealings on Thursday, tracking declines in the US and Asia after downbeat comments by the Federal Reserve about the US economy. The Fed said the US economy is improving but consumer spending has remained under pressure due to the tough jobs market and
Read more3i adds two new credit facilities
24th Sep 2009 07:46
Private equity group 3i has extended its revolving credit facilities to 31 October 2012 but cautioned that private equity and mergers and acquisition markets remain subdued. The group secured two new facilities, the first is a new £100m Multicurrency Facility, which will commence on 29 September 20
Read moreLondon close: Footsie dives as miners reverse course
8th Jul 2009 17:04
The decline of the Footsie gathered pace in the final hour as miners, which had provided some measure of support for the blue-chip index for most of the day, turned lower. As global equity markets continue to retreat life assurance stocks were the main losers. Aviva, Legal & General and Prudential
Read moreLondon afternoon: Downward drift continues
8th Jul 2009 15:36
The majority of blue-chip stocks remain lower on the day, though heavily weighted miners are limiting the extent of the fall on Footsie after positive broker comment this morning. Investec has upgraded Rio Tinto and BHP Billiton, advising its clients to take advantage of recent share price weakne
Read moreLondon midday: Footsie still flat
8th Jul 2009 12:02
On another directionless day with little in the way of company news to guide sentiment, Footsie sits just in the blue. Heavily weighted miners are limiting the extent of the fall on Footsie after positive broker comment this morning. Investec has upgraded Rio Tinto and BHP Billiton, advising its c
Read moreLondon open: Down as banks await fate
8th Jul 2009 09:00
Footsie has slipped in early dealings after a three-digit fall on Wall Street last night. Miners are going well despite the fall on Wall St overnight led by Rio Tinto, BHP Billiton and Antofagasta. Banks will be in focus later on when Chancellor Alistair Darling unveils the government's White Pape
Read moreLondon pre-open: Early fall expected
8th Jul 2009 07:39
Footsie is expected to slip in early dealings after a three-digit fall on Wall Street last night. Tullow Oil expects annual production to average 58,000 barrels of oil equivalent per day (boepd) following a 16% drop in output during the first half. The company produced 59,000 barrels a day in the f
Read moreDebt halves at 3i
8th Jul 2009 07:15
Struggling private equity group 3i halved its debt in the three months to June, largely due to its £732m rights issue and realisation proceeds outweighing new investment as it stopped putting money into its portfolio companies. Net debt at end June was £961m, compared with £1.91bn at March 2009. Re
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