Sunday newspapers round-up: Anglo American, Foster's, QinetiQ ...
21st Aug 2011 16:36
London-based mining giant Anglo American is to gatecrash the £3bn takeover battle for the Australian coal miner Macarthur, a move that will put it on a collision course with Lakshmi Mittal, the steel tycoon, reports the Sunday Times. Arcelor Mittal, the world's largest steel maker ? run by Lakshmi M
Read moreSports Direct acquires USC and Cruise fashion chains
6th Jul 2011 07:52
Sportswear retailer Sports Direct is moving into the fashion world with the acquisition of 80% shareholdings in the Scottish fashion chains USC and Cruise Clothing for £7m. The entrepreneur Sir Tom Hunter will retain 20% holdings in the two chains and remain chairman of both companies. He will also
Read moreFTSE 250 movers: Clothing retailers gain momentum
5th Jul 2011 15:22
Apparels and sports and athletic inspired fashion retailers rose sharply on Tuesday, pushing the mid-cap stock index higher. The top risers on the FTSE 250 included Carpetright and Sports Direct. Dixons Retail, whose shares had lost more than 4% since its earnings report on June 23, also climbed hig
Read moreBroker tips: Xstrata, JD Sports, Charter
27th Jun 2011 12:58
UBS has cut its forecasts for FTSE 100-miner Xstrata, saying that the first half of 2011 is "one they'd probably like to forget." "We are cutting our earnings estimates for Xstrata to reflect lower realised pricing in coal, higher than expected costs, adverse currency movements as well as lower wea
Read moreBroker snap: finnCap raises forecasts for JD Sports after Spanish purchase
27th Jun 2011 12:46
To reflect JD Sports Fashion's Spanish acquisition announced earlier this week, finnCap has upped its forecasts for the sportswear retailer and reiterated its buy rating. "On Monday we covered JD's move into Spain via a 50.1% investment in Sprinter, a 47-store chain. That Spanish-incorporated subsi
Read moreLondon midday: Stocks under pressure as euro saga drags on
20th Jun 2011 12:03
Stocks remain under pressure as the Greek debt situation continues to cast a shadow. Eurozone ministers have postponed their decision on a €12bn (£10bn) loan to the indebted Mediterranean nation until it passes more austerity measures. Among the fallers are Aggreko even after the temporary power
Read moreLondon open: Stocks fall back again
20th Jun 2011 08:24
The top share index has started the week on the decline as the Greek debt crisis continues to rumble on. Eurozone ministers have postponed their decision on a €12bn (£10bn) loan to the indebted Mediterranean nation until it passes more austerity measures. Miners and financial stocks are dragging t
Read moreLondon pre-open: Back into reverse
20th Jun 2011 07:44
London's leading shares are set to start the week on a dull note with City traders predicting the Footsie will tumble back below the 5,700 mark, down by around 50 points. Temporary power and temperature control provider Aggreko saw an acceleration in the rate of underlying growth in the second quar
Read moreJD Sports Fashion makes Spanish acquisition
20th Jun 2011 07:07
Trendy sportswear retailer JD Sports Fashion has gained a foothold in Spain with the acquisition of the businesses of Sprinter, a sports chain operating in the south of the country. JD Sprinter Holdings, a joint venture in which JD Sports Fashion holds 50.1%, acquired Sprinter's trading businesses,
Read moreFTSE 250 movers: Laird rockets after approach
16th Jun 2011 15:39
Shares in Laird rocketed after the electronic components manufacturer rejected an all-cash 185p-a-share takeover proposal from US rival Cooper Industries. Laird makes antennae for mobile phones and other telecommunications-related electronic products. Cooper, which employs 2,100 people in the UK, ho
Read moreFTSE 250 movers: Kenmare Resources leads the risers
13th Jun 2011 14:29
Irish mining firm Kenmare Resources is the top performer on the FTSE 250 on Monday, rising over 4.5%. Kenmare's shares have had a decent run as of late, rising by nearly 9% in the last week, and by around 60% since mid-January. Meanwhile, trendy fashion firm Supergroup - the index's worst performer
Read moreLondon close: ENRC leads FTSE 100 slide
10th Jun 2011 16:26
The top share index slid below the 5,800 point mark heading into the weekend. ENRC, the Kazakh resources giant, was nursing heavy losses by the close of play. The company is set to lose a third independent board director according to reports in the Financial Times. The loss of Mehmet Dalman would
Read moreFTSE 250 movers: Retailers drop, JD leads the fallers
10th Jun 2011 14:14
Seven of the ten top fallers are from the retail sector, with JD Sports Fashion losing over 6%. The Tempus column in the Times this morning said that, while the sports apparel chain is a more robust business than most on the high street, "with the shares on less than nine times this year's earnings,
Read moreFriday tips round-up: IG Group, Pan African Resources, JD Sports...
10th Jun 2011 06:41
IG Group announced a management rejig and the closure of its sport-betting business yesterday along with its end-of-year trading statement. The moves signal a welcome decision to concentrate on the spread-betting company's core financial business and to expand it in new markets and make use of new t
Read moreLondon close: FTSE 100 rallies despite retail gloom
9th Jun 2011 16:31
Shares rallied in the afternoon after a good start on Wall Street where stocks won back some recent losses. Engineer Weir Group was the highest riser after its earnings estimates were lifted by RBC Capital Markets. There have also been reports today that two companies in China have been given fine
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