London midday: Shares still sluggish
5th Oct 2009 12:13
Equities are in sluggish mood on the first day of trading this week and the leading share index sits just below the 5,000 point level. Life insurer Aviva is the heaviest faller in the FTSE 100 after it confirmed it is to sell a minority stake in its Dutch insurance business Delta Lloyd through a fl
Read moreLondon open: Quiet start for Footsie
5th Oct 2009 08:43
London has made a cautious start with markets still seemingly unsettled by last week's US jobs data. Over here, Aviva has confirmed it is to sell a minority stake in its Dutch insurance business Delta Lloyd through a float on Euronext in Amsterdam. No more details were released, but weekend reports
Read moreLondon pre-open: Heading higher
5th Oct 2009 07:22
Expect a partial recovery from Friday's sell-off as investors, looking as higher US futures prices, continue to buy on the dips. London is set to start about 20 points higher, according to City sources, while early indications are that Wall Street will add about the same when it opens later. Over
Read moreIQE snaps up rival
5th Oct 2009 07:21
Semiconductor wafers technology specialist IQE is to buy rival gallium nitride materials supplier NanoGan for up to £3.6m, dependent on performance. The initial consideration of £0.4m will be settled by the issue of new shares and cash. IQE has the option to settle the future milestone payments in
Read moreApple reports record results
22nd Jul 2009 13:18
The rapid growth of Apple as a powerhouse global brand continued in the second quarter of 2009, with the trendy consumer electronics firm reporting sales above market expectations. Revenue in the April to June quarter rose 12% from a year earlier to $8.34bn, topping market expectations of sales of
Read moreIQE sales pick up as customers restock
15th Jul 2009 11:24
Semiconductor wafer products supplier IQE said trading picked up in May and June as customers started stocking up again. It expects the first half to be in line with expectations, with revenues of about £20m and EBITDA of at least £1.2m. The upturn in orders came after customers destocked in the
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