FTSE 100 movers: Financials mixed as investor lock in profits
22nd Jul 2011 14:18
The financial sector was mixed on Friday, despite rising strongly early on following yesterday's Eurozone deal to bailout Greece. Shares soared on Thursday after the region's leaders agreed a new aid package for Greece and an overhaul of the Eurozone sovereign rescue fund. While RBS bucked the tre
Read moreFTSE 100 movers: Autonomy leads the decline
16th Jun 2011 14:12
Just three stocks are making gains, with WPP, Capita and Vodafone edging slightly higher. Meanwhile, Autonomy is the worst performer on the blue chip index, losing over 4%. Engineering peers GKN, IMI and Weir are also lower. The miners are lower today, as global growth fears dampen the markets. Lo
Read moreSector movers: Home Retail drags retailers into the red
9th Jun 2011 16:06
Unsurprsingly, the retailing sector is the worst performing sector on Thursday, after Home Retail Group took a dive. Home Retail has taken a plunge after revealing an 8.1% fall in sales at its catalogue-based retailer Argos in the 13 weeks to 28 May. "Trading conditions, particularly at Argos, have
Read moreLondon close: Late rally helped by the US
6th May 2011 16:41
The Footsie finished over 1% higher as an afternoon rally was helped by some better-than-expected US non-farm payrolls figures. According to the Bureau of Labor Statistics, non-farm payrolls rose by 244,000 in the month of April, while consensus had been pointing to a gain of 198,000. Banking gian
Read moreFTSE 100 movers: RBS's profit impresses
6th May 2011 14:47
RBS is topping the risers after making £1.05bn in underlying first quarter operating profit, p from £0.88bn the year before. Flying higher is airline IAG after it saw an improved performance in the first quarter as it reported its first results since forming from the merger of British Airways and S
Read moreIMI well ahead, names new chairman
6th May 2011 08:23
Roberto Quarta, currently chairman of Rexel SA, is to take over as chairman of international engineering group IMI when the current incumbent, Norman Askew, retires from the board at the end of October. Quarta, who is also chairman of Clayton, Dubilier & Rice, Europe and a non-executive director of
Read moreFTSE 100 movers: Metals prices weigh on miners
3rd May 2011 13:54
The mining sector is out of favour on Tuesday on the back of falling metals prices. Metals prices have continued to fall since the death of Al-Qaeda leader Osama Bin Laden yesterday, which triggered a sell-off in the 'safe-haven' investments of precious metals, as geopolitical anxieties eased. We
Read moreBroker tips: IMI, Shire, United Utilities
3rd May 2011 12:20
The current year is shaping up to be a "great year" for engineer IMI, according to UBS, which has raised its target price on the stock by a quarter. UBS notes that the group is seeing its best growth since the early 1990s, and - "assuming that IMI can tag along with its competitors" who have shown
Read moreBroker snap: A 'great year' ahead for IMI
3rd May 2011 10:45
The current year is shaping up to be a "great year" for engineer IMI, according to UBS, which has raised its target price on the stock by a quarter. UBS notes that the group is seeing its best growth since the early 1990s, and - "assuming that IMI can tag along with its competitors" who have shown
Read moreSector movers: Bodycote lifts industrial engineering sector
27th Apr 2011 14:06
Industrial engineers are wanted today, helped by a positive first quarter update by thermal processing services firm Bodycote. The metals engineer said revenues for the three months to 31 March 2011 were 19.2% higher than in the same period last year, and expects headline operating profit for the y
Read moreFTSE 100 movers: Aggreko leaps on full year guidance
27th Apr 2011 13:39
Temporary power supplier Aggreko has surged ahead after saying it expects its full year profits to be slightly ahead of 2010 after a strong start to the year. Airline IAG is firmly highly, continuing from strong gains made yesterday. Engineers GKN, IMI and Weir Group are also among the best perfo
Read moreLondon close: Stocks hold on to gains
21st Mar 2011 16:17
The FTSE 100 remained broadly flat since 0900, holding on to gains made in early trading. Sentiment was boosted by signs of progress being made in the handling of the nuclear crisis. Two reactors at the Fukushima Daiichi nuclear power plant in Japan were successfully brought into cold shut down unde
Read moreLondon close: Shares soar on Libya deal hopes
3rd Mar 2011 16:39
Reports that the Libyan situation might be resolved through mediation rather than violence sent UK shares sharply higher. The Arab League is said to be considering a proposal to end the fighting in Libya sending oil prices higher. Heavy oil users such as airline International Consolidated Airlines
Read moreLondon afternoon: Footsie cruises towards 6,000
3rd Mar 2011 14:13
Footsie has 6,000 within its sights once more as stocks bounce back strongly on hopes that the Libyan situation might be resolved. Reports that the Arab League is considering a proposal to end the fighting in Libya have boosted sentiment, and has sent the price of oil into reverse. Heavy oil users
Read moreFTSE 100 movers: Amec remains confident
3rd Mar 2011 13:02
Footsie is dominated by risers today with two engineering companies the biggest gainers. Amec is the best performer after it said that it can expect to grow regardless of the pace of economic recovery. Pre-tax profits in 2010 soared to £258.2m from £203.5m the previous year as revenues grew to £2.
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