London open: Stocks fall as China adds to euro worries
18th Oct 2011 08:24
Stocks are under pressure in early dealings as the seemingly never-ending Eurozone saga rumbles on and growth figures from China raise eyebrows. CHINA ON THEIR MIND Latest talk is that increasing the capacity of the European Financial Stability Fund which would be used to bail out stricken Eurozon
Read moreIMI buys severe service valves company
18th Oct 2011 07:55
Engineering group IMI has acquired a German business specialising in severe service valves and related flow control products, for €12.3m. The acquired company, TH Jansen Armaturen (THJ), has around €5.2m of debt, which IMI will be taking on. The consideration was paid in cash on closing. Founded
Read moreLondon pre-open: Retreat continues
18th Oct 2011 07:23
Yesterday's weaker trend is set to continue, with investors waiting for further developments on the Eurozone bailout front. City sources predict the FTSE 100 will open down 47 points from yesterday's close of 5,437. Costa Coffee and Premier Inn owner Whitbread saw group like-for-like sales rise by
Read moreSunday newspaper tips round-up: IMI, RPC Group, eServGlobal
9th Oct 2011 17:10
A little over a month after going to a 'buy' stance on engineering group IMI the Questor team at The Sunday Telegraph finds it surprising that the company´s shares have continued to slide. That when the shares are now trading on a single-digit earnings multiple which it considers too low for a growt
Read moreUPDATE: Friday broker round-up
7th Oct 2011 09:28
Premier Foods: Credit Suisse cuts target to 8p from 25p. Compass: Credit Suisse keeps at outperform. EnCore: Royal Bank of Scotland raises target to 70p from 46p. Mouchel: Royal Bank of Scotland lowers target price to 18p form 75p. Hays: UBS keeps at buy, lowers target to 100p from 105p. Smi
Read moreLondon close: Late surge propels Footsie 3.7% higher
6th Oct 2011 16:35
The Footsie finished at the highest level of the day, with just four stocks in the red, as gains were built on after the opening bell in New York, which saw stocks rise on the back of a better-than-expected unemployment claims report. It was a busy day on the macroeconomic front with policy rate de
Read moreFTSE 100 Movers: IMI rises alongside miners
6th Oct 2011 14:18
Shares in global engineering group IMI climbed higher after it said that current trading has continued in line with comments made in the August interim results announcement. The firm is due to make a presentation to investment analysts on Thursday to showcase its use of a number of core fluids tec
Read moreLondon midday: Footsie up 2% as BoE injects more money
6th Oct 2011 12:07
The Footsie has held onto gains following the Bank of England's surprise move to increase its asset purchase programme by a bigger-than-expected £75bn. In an announcement at midday, the central bank revealed that it has maintained its key Bank Rate at the historically low level of 0.5%, but raised
Read moreLondon open: Miners in demand ahead of rate decisions
6th Oct 2011 08:35
Strong gains were made on the Footsie in early trade as investors await key policy rate decisions from the Bank of England (BoE) and the European Central Bank (ECB). Meanwhile, the market extended Wednesday's gains on hopes that the European Union is planning for a co-ordinated recapitalisation of
Read moreAs you were at IMI
6th Oct 2011 07:26
Global engineering group IMI, which is due to make a presentation to investment analysts on Thursday to showcase its use of a number of core fluids technologies across its businesses, said current trading is much as outlined in the group's August interim results announcement. At that time, the grou
Read moreLondon close: Footsie finishes well below 5,000
4th Oct 2011 17:31
Though share prices recovered a tad after some reassuring noises from Federal Reserve chairman Ben Bernanke, London still finished the day deep on the red, with the Footsie well below the psychologically important 5,000 level. Federal Reserve president Ben Bernanke told the Joint Economic Committe
Read moreLondon midday: Banks plummet, retailers buck trend
4th Oct 2011 12:29
A decent performance from the retail sector was not enough to pull the market higher by lunchtime, as investors bailed out of banking, engineering and mining stocks on concerns over the global economy. Jean-Claude Juncker, chairman of the Eurogroup finance minister committee, has said that there wi
Read moreSector movers: Engineers and auto firms in the red
2nd Sep 2011 14:26
Only one sector was making gains in the UK on Friday afternoon as markets across the globe suffered a broad sell-off on the back of a disappointing jobs report from the US. In London, the automobiles and parts sector was the worst performing sector, with sector giant GKN falling over 4%. Next in l
Read moreLondon close: Strong finish to bad month
31st Aug 2011 16:39
The top share index finished the worst month since the financial crisis broke out in late 2008 with strong gains as strong economic data in the US whetted investors' appetite for battered shares. The purchasing managers' index, which measures industrial sentiment for the Chicago area, came in ahead
Read moreLondon midday: Smith & Nephew leads rally
31st Aug 2011 12:01
Shares have built on their earlier gains, though the rally is unlikely to be enough to prevent the biggest monthly fall since the beginning of the financial crisis in 2008. Among today's big gainers is bid rumour-mongers' favourite Smith & Nephew. Latest talk has it that peer Stryker could be inter
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