London close: Footsie tumbles over 2%
2nd Sep 2011 16:30
The Footsie finished over 2% down on Friday, as London was not immune from the global sell-off, meaning that just eight out of the 100 blue chips stocks closed in the blue. After a poor start in early trade, sentiment was dampened after a worse-than-expected jobs report in the US which showed that n
Read moreFTSE 250 Movers: Home Retail Group drops after warning from UBS
2nd Sep 2011 13:20
The Home Retail Group saw its share price take a tumble after UBS analysts said that it was highly likely that the firm's second quarter results, due next week, will show a continued troubled performance. The company, which owns Argos and Homebase, reported poor first quarter results in June which
Read moreLondon close: Banks recover as Footsie gains 0.65%
19th Jul 2011 16:29
The banking sector was winning back investor confidence on Tuesday as shares sharply rebounded, lifting the top share index close to the 5,800 level. Lloyds, RBS and Barclays were in demand, following the sector sell-off yesterday on the back of concerns over the softness of last week's European ba
Read moreFTSE 250 movers: IG Group advances on results
19th Jul 2011 15:17
Exhibitions and conferences firm ITE Group benefited from the first time contributions from new events and a softer comparator last year to boost revenues by nearly 43% in the third quarter. However, shares of the media-related company fell the most on the FTSE 250 index. Not far behind was The Ran
Read moreLondon midday: IG up, ITE down
19th Jul 2011 12:11
Stocks remain modestly higher but traders have made up their minds about some of this morning's updates, sending stocks in both directions. Investors are taking a punt on IG Group after full year results came in ahead of expectations, with the spread-betting company continuing to bag new clients in
Read moreITE sales jump 43% in 'important' quarter
19th Jul 2011 11:30
Exhibitions and conferences firm ITE Group benefited from the first time contributions from new events and a softer comparator last year to boost revenues by nearly 43% in the third quarter. Revenue for the three months ended 30 June grew to £79.4m, from £55.6m last year, helped by the biennial Mos
Read moreThursday tips round-up: Icap, ITE, Morgan Crucible
14th Jul 2011 06:48
Another year or more of dithering in Brussels and then a catastrophic implosion that saw Greece, Ireland and Portugal expelled to set up their own volatile currencies is probably the ideal scenario for Icap, the world's biggest inter-dealer broker. The shares now sell on below 12 times this year's p
Read moreEngland expects with £85,000 ITE purchase
8th Jul 2011 16:21
Non-executive director Neil England has taken advantage of a weak spell in the share price of ITE Group, splashing out £85,000 on shares in the FTSE 250-listed exhibitions organiser. He took 40,000 shares at 213.5p a share and now had 50,000. ITE organises exhibitions in areas such as the oil and
Read moreCadogan bosses buy shares
25th May 2011 17:18
Chief executive Ian Baron and finance boss Gordon Stein have been upping their stakes in oil and gas group Cadogan Petroleum. Baron took 150,000 shares at 42.25p a time, paying a total of £63,375, and now has 650,000. Stein took 68,685 shares at 43p a pop, taking his holding to 193,685. Cadogan s
Read moreTuesday tips round-up: Autonomy, Mears, RPC
17th May 2011 00:01
Autonomy is buying the digital storage assets of Iron Mountain, a quoted American company, for $380m (£234m). The City, which has an unsteady relationship with Autonomy, was generally in favour of the deal, not least because it clearly is an area the company knows well, which should mitigate risk. T
Read moreLondon close: Flat finish after late fightback
16th May 2011 16:33
Shares staged a fightback ahead of the close, ending the day flat. Company updates gave traders plenty to ponder, but it was electrical retailers Dixons and Kesa that were the centre of attention. Rumours that Kesa may sell its UK operation Comet, which has been struggling lately, have been doing t
Read moreFTSE 250 movers: Dixons, Kesa surge on Comet rumours
16th May 2011 15:59
Electrical products retailers Dixons Retail and Kesa Electricals have jumped higher after press speculations that the latter is contemplating where to offload its Comet chain. London Stock Exchange is wanted after saying it remains committed to its proposed merger with its Canadian counterpart TMX
Read moreLondon midday: FTSE 100 drifts lower
16th May 2011 12:00
Stocks have drifted lower following their poor start. The European debt crisis talks overshadowed by the arrest of IMF chief Dominique Strass-Kahn. European finance ministers look likely to give the go-ahead for a Portuguese bailout today in a meeting overshadowed by the arrest of the head of the I
Read moreBroker snap: Rising costs limit profits at ITE Group
16th May 2011 10:38
While "very buoyant current trading" has led Peel Hunt to raise its target price for ITE Group, the broker keeps its 'hold' rating on the events organiser, saying that profit growth will be limited in 2012. First half revenue of £53m came in ahead of expectations of £48m, and significantly exceeded
Read moreLondon open: Mixed reception for company updates
16th May 2011 08:25
Stocks are suffering more losses in early dealings, with company updates failing to impress the market. Oilfield services group Wood Group slips after saying it is to return £1.05bn to shareholders by way of a tender offer to repurchase up to 32.1% of the issued ordinary share capital of the group.
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