London close: Footsie ends down
12th Jun 2009 16:34
London's top stocks have finished slightly lower despite a late flurry as a lacklustre start on Wall Street kept stocks down. Indian refiner and miner Vedanta led the mining sector lower after saying it is to raise $1bn through an issue of convertible bonds, though major shareholder Volcan has decl
Read moreLondon afternoon: Stocks still in the red
12th Jun 2009 15:08
London's top stocks are still in the red, with a lower start on Wall Street adding to the earlier pressures. Indian refiner and miner Vedanta leads the mining sector lower after saying it is to raise $1bn through an issue of convertible bonds, though major shareholder Volcan has declined to take p
Read moreLondon midday: Footsie slips back
12th Jun 2009 12:33
Footsie sits slightly in the red on a quiet day on the company news front, with miners falling back in line with metals prices. Indian refiner and miner Vedanta leads the mining sector lower after saying it is to raise $1bn through an issue of convertible bonds, though major shareholder Volcan has
Read moreLondon open: Footsie starts quietly
12th Jun 2009 08:47
Footsie has opened broadly unchanged on a quiet day on the company news front going into the weekend. Barclays has sold its fund management arm, Barclays Global Investors, to US asset manager BlackRock for £8.1bn ($13.5bn). BlackRock will pay $6.6bn in cash and the rest in shares for the unit which
Read moreLondon pre-open: Flat start expected
12th Jun 2009 07:50
Footsie is expected to open broadly unchanged on a quiet day on the company news front going into the weekend. Shareholders at private equity group 3i have taken up 96.5% of the shares offered to them as part of the company's £700m rights issue. The firm said it had received valid acceptances in re
Read moreLondon close: Good gains for FTSE 100
5th Jun 2009 17:00
Footsie finished with good gains Friday as buoyancy in the mining sector and economic optimism from the US cancelled out the effects of continued political uncertainty here. Mining stocks were at the forefront of the advance on the back of strong metal prices and excitement at closer ties between h
Read moreLondon afternoon: Wall Street boost for London
5th Jun 2009 14:22
London's rise has been given extra impetus by expectations of a strong opening on Wall Street in the wake of better than expected US first-time jobless claims. Mining stocks continue to be at the forefront of the advance on the back of strong metal prices and excitement at closer ties between heavy
Read moreFTSE 250 movers: 3i stages recovery
5th Jun 2009 13:44
Shares in 3i Group have recovered after falling yesterday amid uncertainty over the private equity group's £700m rights issue. On a mixed day for food-related stocks Goodfellas pizza maker Northern Foods is 6% higher but pork products group Cranswick sits with the fallers. Property stocks are also
Read moreLondon midday: Upward trend continues
5th Jun 2009 12:11
Blue-chips shares continue to push ahead, led by minders in the wake of the decision by Rio Tinto to change tack with regards to its fund raising plans. Rio Tinto has capitulated to shareholder pressure and ditched its controversial $19.5bn refinancing deal with state-owned Chinese aluminium produc
Read moreRoditi raises PGI stake to 74%
3rd Jun 2009 17:15
Director Nick Roditi of PGI Group, which operates a property management division in Russia and a food group in Southern Africa, has raised his stake to nearly 74%. Roditi acquired 5.7m shares at a price of 8p each, hiking his stake to 93m shares, which is 73.6% of the group. Top Director Buys
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