London midday: FTSE 100 wins back losses
13th Apr 2011 12:03
The top share index has won back most of yesterday's losses, with a rally in the mining sector driving the gains. Fresnillo leads the large cap miners higher. The Mexican miner's silver production slipped slightly in the quarter to 31 March, but expanded capacity at its Soledad-Dipolos mine helped
Read moreLondon open: FTSE 100 advances as miners rally
13th Apr 2011 08:30
A rally in the mining sector has dragged the top share index to within touching distance of the 6,000 point mark it has been bobbing around since the start of the year. Fresnillo leads the large cap miners higher. The Mexican miner's silver production slipped slightly in the quarter to 31 March, bu
Read moreLondon pre-open: Footsie to make assault on 6,000
13th Apr 2011 07:46
After yesterday's shake out buyers are expected to be back in force this morning with the FTSE 100 index tipped to open around 30 points higher, leaving a handful of points short of the 6,000 level. Mining giant Rio Tinto said first quarter production in Australia was hit by the extreme weather in
Read moreJD Sports 'extremely cautious' despite higher profits
13th Apr 2011 07:07
Teen outfitter JD Sports Fashion hiked its dividend by about 30% after reporting a sharp rise in profits but said it is "extremely cautious" on the outlook after a tough start to the current year. The sports-themed fashion retailer posted a pre-tax profit of £78.6m in the year to 29 January, up fro
Read moreWednesday preview: ASOS, JD Sports, gilts auction
12th Apr 2011 18:07
It could be a teen fashion shoot out on Wednesday with online clothes shop ASOS and sportswear retailer JD Sports Fashion both scheduled to make trading updates. Growth at ASOS has been at a rapid rate, leading many to fear that the shares will suffer a major correction the minute it becomes obviou
Read moreLondon close: Carnival sinks
22nd Mar 2011 16:57
A confident start was derailed by worse than expected inflation figures and a rally in the final hour of trading only brought out profit takers right at the death, leaving Footsie in the red. UK annual inflation rose faster than predicted in February, as surging utility bills drove up living costs.
Read moreLondon close: Heavy losses despite recovery
15th Mar 2011 16:42
The FTSE 100 closed deep in the red Tuesday amid continuing worries over the situation in Japan, though losses were more than halved following a slide in the morning as nerves calmed. A third explosion at the Fukushima Daiichi nuclear power plant in Japan has raised concerns of a major radiation le
Read moreLondon afternoon: Stocks stabilise
15th Mar 2011 14:27
Leading shares remain deep in the red and the best that can be said is that the situation did not get materially worse over the lunch time session. A third explosion at the Fukushima Daiichi nuclear power plant in Japan has raised concerns of a major radiation leak and sparked panic selling on the
Read moreLondon midday: Slide continues in quake aftermath
15th Mar 2011 12:09
The blue chip index continues to be hurt by the crisis in Japan as sentiment remains battered by fears of a nuclear disaster. While off its lows for the day so far, the FTSE 100 still remains over 2% under at around 5,640, a level not seen this year. A third explosion at the Fukushima Daiichi nucle
Read moreFTSE 250 movers: Insurers mixed on quake impact
14th Mar 2011 14:07
Insurers Hiscox and Amlin were revealed to be broker Daniel Stewart's preferences within Lloyd's-based insurance stocks. Amlin is making gains, while Hiscox is heading the other way. Sector peer Catlin is also suffering a loss. The broker said that while the scale of the Japanese earthquake is inde
Read moreJJB to raise around £65m from placing
14th Mar 2011 07:20
Troubled sportswear retailer JJB Sports has responded to press speculation about its fund raising plans, and said the company expects its impending share placing will raise around £65m. The company added it is in "constructive discussions" with its major shareholders in relation to their continued
Read moreLondon close: Japan gloom stifles rally
11th Mar 2011 16:41
The devastating earthquake in Japan this morning overshadowed today's trading but shares struggled to climb into the blue and finished just a few points short. The tsunami resulting from the earthquake has already killed a large number of people in Japan, with police in the port of Sendai reporting
Read moreFTSE 250 movers: JD Sports defies trend
11th Mar 2011 14:14
The FTSE 250 has fallen further into negative territory as sentiment has been shook by the devastating earthquake in Japan. JD Sports is bucking the trend however after announcing that it will not make an offer for its struggling rival JJB Sports. Sports Direct International rises in sympathy. Fir
Read moreJD Sports walks away from JJB
11th Mar 2011 11:35
Trendy sportswear retailer JD Sports Fashion has decided not to make an offer for its struggling rival JJB Sports. JD said it had asked JJB for details of a proposed restructuring of JJB's property portfolio through a company voluntary arrangement, but that it "received no further information whats
Read moreJJB wants new CVA deal with landlords
11th Feb 2011 13:47
Struggling sportswear group JJB Sports has warned it could go bust unless landlords agree to cut rents on 95 stores it has earmarked for possible closure. JJB's plan comes just two years after it did a similar deal, called a company voluntary agreement or CVA, on 140 stores. The voluntary agreemen
Read more