Paddy Power non-exec sells stake
19th Nov 2010 16:45
Paddy Power non-executive director Brody Sweeney has sold all his shares in the Irish bookie. He sold 5,550 shares at €28.845 (3,403.71p) each, raising just over £135,000. The sale follows the company's trading statement earlier this week. Sweeney is the founder of O'Brien's Irish Sandwich Bars
Read moreLondon close: Good day for blue chips
18th Nov 2010 16:36
Blue chips had a good day buoyed by the response to General Motor's record breaking US float and hopes for a deal in Ireland. Patrick Honohan, the head of Ireland's central bank, confirmed a loan is likely, with brokers suggesting it could be as much as €85bn, including €20bn to provide support for
Read moreLondon afternoon: Stocks extend gains
18th Nov 2010 15:28
A positive start by Wall Street has given renewed impetus to Footsie's rise this afternoon. As in Europe, stocks are rising in the US on the hope that a package to take the steam out of the Irish debt crisis is imminent. Patrick Honohan, the head of Ireland's central bank, has confirmed a loan is
Read moreFTSE 250 movers: QinetiQ on the attack
18th Nov 2010 13:50
Shares in QinetiQ rocketed as the high-tech defence group shrugged off the squeeze in defence spending to lift underlying interim profits and promise a return to dividends at the year-end. Bike and car parts retailer Halfords pedals forward after it reported a healthy rise in sales and profits in t
Read moreLondon midday: Shares buoyant as updates impress
18th Nov 2010 12:05
With some kind of resolution to the Irish crisis in sight and many of today's updates impressing the market, shares have moved sharply higher. The Bank of Ireland chief has confirmed a loan is likely with brokers suggesting it could be as much as €85bn, including €20bn to provide support for the co
Read moreKeller sees FY at bottom end of forecasts
18th Nov 2010 08:22
Ground preparation engineer Keller said it anticipates full year results to be around the bottom end of market expectations as intense competition continues to bite. "Conditions in the group's mature markets continue to be difficult and the overall picture remains challenging," Keller said in a co
Read moreUK SMALLCAP ROUNDUP: President Petroleum Co Ups Reserves
2nd Aug 2010 16:00
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps PRESIDENT PETROLEUM CO. PLC (PPC.LN), an oil and gas explorer, Monday increased its reserves in the U.S. more than four-fold to 12.9 million barrels of o
Read moreMARKET TALK: Collins Stewart Cuts Keller Group Target Price
2nd Aug 2010 14:15
1315 GMT [Dow Jones] Collins Stewart lowers Keller Group (KLR.LN) target price to 644p from 670p. The company's 1H results are "very weak," but this was well flagged by the profit warning in May. Most of the damage was done by the US operations, in which EBIT swung to GBP1M loss from a GBP19M profi
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
2nd Aug 2010 14:15
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1315 GMT [Dow Jones] Collins Stewart lowers Keller Group (KLR.LN) target price to 644p from 670p. The company's 1H results ar
Read moreUK SMALLCAP ROUNDUP: Management Consulting Sees More Debt Cut In 2H
2nd Aug 2010 12:29
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps MANAGEMENT CONSULTING GROUP PLC's (MMC.LN) net debt is expected to fall by as much as 20% in the second half, Finance Director Craig Smith said Monday, a
Read moreINTERVIEW: Keller Sees US Revenue Rising But Margins Weak
2nd Aug 2010 09:57
By Jason Douglas Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Construction engineer Keller Group PLC (KLR.LN) Monday said it expects revenue from the U.S. to grow in the second half of 2010 but margins will remain under pressure until next year. "Our revenue will start to nudge up but it w
Read moreUK SMALLCAP ROUNDUP: Zimbabwe Investment Co Eyes $25M AIM IPO
2nd Aug 2010 09:30
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps MASAWARA, a Zimbabwe-focused investment company, Monday said it is aiming to raise $25 million in an initial public offering on London's junior Alternat
Read moreKeller profit hit by US construction slump
2nd Aug 2010 07:55
Ground engineering specialist Keller said half year profit fell by a fourth as the construction market, particularly in the US, continued to deteriorate. The group, which laid the foundations of the London Olympic stadium and worked on Dubai's Palm Jumeirah Island, said full year expectations for t
Read moreKeller First-Half Profit Slumps On US Construction Slowdown
2nd Aug 2010 07:39
LONDON (Dow Jones)--Construction engineer Keller Group PLC (KLR.LN) Monday reported a 72% fall in first-half pretax profit following a slump in building work in the U.S. Keller, which specializes in ground engineering services like preparing ground for construction, grouting and building foundat
Read moreLondon close: Resource stocks drag Footsie lower
25th Jun 2010 16:42
Weakness in the resources sector ensured that Footsie finished firmly in the red. ENRC, Lonmin and Kazkhmys were big losers in the mining sector as base metal prices retreat. BP resumed its slide following a couple days' respite. Nomura Securities has suggested that the oil giant may have to ra
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