London midday: Smith & Nephew leads rally
31st Aug 2011 12:01
Shares have built on their earlier gains, though the rally is unlikely to be enough to prevent the biggest monthly fall since the beginning of the financial crisis in 2008. Among today's big gainers is bid rumour-mongers' favourite Smith & Nephew. Latest talk has it that peer Stryker could be inter
Read moreFTSE 100 Movers: Reheated bid rumours boost Smith & Nephew
31st Aug 2011 10:44
Shares in replacement hip manufacturer Smith & Nephew moved sharply higher on Wednesday amid renewed talk of a bid for the company. Shares in the company were higher yesterday and rose again today bringing them back to the levels at which they sat ahead of the recent market decline. Morgan Stanle
Read moreLondon open: Bwin, 888 lead the rise
31st Aug 2011 08:48
The Footsie edged higher in early trading on the back of a rally in New York last night after minutes from the last meeting of the Federal Reserve showed policymakers considered stimulus measures to kickstart the world's biggest economy. In London, online gaming firm bwin.party surged higher on the
Read moreManroy chairman buys again
1st Aug 2011 17:33
Andrew Blurton, the chairman of machine gun maker Manroy, has been buying again, spending £55,000 on shares. The company announced today that he bought another 50,000 shares, paying 105p a time and bringing his total stake to 345,000, or 2.7% of the company. The latest buy comes after purchases to
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 100 movers: Banks, miners drive Footsie higher
19th Jul 2011 16:10
Lloyds, RBS and Barclays were in demand, following the sector's sell-off yesterday on the back of concerns over the softness of last week's European banking stress tests. Lloyds was the high riser of the day, after announcing that it is aggregating the wholesale markets, treasury and trading, trans
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 moreLondon open: Stocks stage partial recovery
19th Jul 2011 08:30
Stocks are edging higher after a tough day yesterday when concerns over European and US sovereign debt sent traders rushing for the exits. Sales and profits at Johnson Matthey, a top riser in the FTSE 100 today, both registered double-digit percentage gains in the first quarter of the platinum refi
Read moreLondon pre-open: Hesitant rally expected
19th Jul 2011 07:46
Stocks look set to claw back a small proportion of recent losses after yesterday's shake-out, with City traders suggesting the blue-chip index will open around 20 points higher at 5,773. London-based pub group Capital Pub Company has fallen into the arms of rival pub group Greene King, which has ag
Read moreLand Securities hails 'sound progress'
19th Jul 2011 07:05
Real estate investment trust Land Securities said the outlook for development in London remains attractive while even the battered retail sector has its bright spots. "Retail demand has meant we have over the last few months also begun to step up our activity in retail development predominantly in
Read moreTuesday Preview: IG Group, Land Securities
18th Jul 2011 15:07
Investors will be keen to see if spread-better IG Group's prediction that full year profits up by 3% from the previous year comes true. However, predictions for the future could be more interesting. Collins Stewart thinks the company will reduce its forecasts for the next two financial years due to
Read moreLondon close: Glencore drags Footsie 1% lower
15th Jun 2011 16:39
The blue chip index slipped further into the red on the back of a poor start on Wall Street as economic data disappointed. US May consumer price index came in ahead of forecasts, rising 0.2%. While the Federal Reserve Bank of New York manufacturing sector index fell to a reading of -7.79, from 11.9
Read moreSector movers: Real estate stocks up, British Land higher
15th Jun 2011 15:07
British Land is lifting the real estate investment trust sector higher after the government's decision not to list the Broadgate office development in the City of London. English Heritage had argued the current buildings, clustered around Liverpool Street Station, were important examples of mid-eig
Read moreLondon close: Strong finish as stocks recover
18th May 2011 16:38
Stocks rebounded sharply from the previous day's losses and remained strong at trading's close. Property giant Land Securities towered above the rest of the FTSE 100 after it posted a sharp rise in profits and net asset value in the year to 31 March and predicted continued growth as the recovery pr
Read moreSector movers: Land Securities boosts real estate trusts
18th May 2011 15:36
The real estate investment trust sector is the best performing sector after full-year results from Land Securities. Property giant Land Securities is towering above the rest of the FTSE 100 after it posted a sharp rise in profits and net asset value in the year to 31 March and predicted continued g
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