London close: FTSE 100 dives in late trading
19th Jan 2011 16:40
What started as a sluggish day turned into a bit of a bloodbath with the top share index plummeting ahead of the close. Stocks fell in the US after bank Goldman Sachs' net earnings slumped 38% in 2010 due to a substantial fall in profit in the final quarter Here, publishing giant Pearson was the t
Read moreLondon afternoon: Losses trimmed
19th Jan 2011 14:05
Share prices picked up a tad over the lunch time period, but fallers still outnumber risers by more than two to one among FTSE 100 constituents. Publishing giant Pearson is the top blue-chip performer after the FT owner said 2010 earnings will be ahead of previous guidance, as all of its major busi
Read moreFTSE 100 movers: Pearson increases guidance
19th Jan 2011 12:53
Pearson is top performer after the FT owner said 2010 earnings will be ahead of expectations. All of its major businesses did well throughout last year. The educational publisher expects full year operating profits to come in around 20% higher than 2009's level, at about £850m. GlaxoSmithKline h
Read moreLondon midday: FTSE 100 falls back despite cheery updates
19th Jan 2011 12:01
The top share index is still in the red despite well-received company updates, with downbeat news from the retail sector weighing on sentiment. Publishing giant Pearson leads the pack after the FT owner said 2010 earnings will be ahead of previous guidance, as all of its major businesses sustained
Read moreBroker tips: Sage, William Hill, Land Securities
19th Jan 2011 11:51
Financial services firm Matrix says that property giant Land Securities looks the best value of the three large cap London/retail plays at present and places the stock in its 'add' category. The property group highlighted steady progress with lettings in its interim management statement on Wednesda
Read moreBroker snap: Land Secs preferred to peers
19th Jan 2011 10:56
Financial services firm Matrix says that property giant Land Securities looks the best value of the three large cap London/retail plays at present and places the stock in its 'add' category. The property group highlighted steady progress with lettings in its interim management statement on Wednesda
Read moreLondon open: Blue chips flat
19th Jan 2011 08:46
London has made a flat start as investors mull over a stack of results and trading updates. Publishing giant Pearson leads the pack after the FT owner said 2010 earnings will be ahead of previous guidance, as all of its major businesses sustained their strong trading momentum throughout last year.
Read moreLondon pre-open: Results to lift Footsie
19th Jan 2011 07:37
London is expected to start the day with its best foot forward, buoyed by two of the morning's big results announcers upping earnings guidance. City traders expect the Footsie to open around 20 points up from last night's close. Publishing giant Pearson said 2010 earnings will be ahead of previous
Read moreLettings hold up for Land Secs
19th Jan 2011 07:10
Property giant Land Securities saw good lettings across its London and Retail portfolios over the past three months with demand from large firms tipped to remain steady. One New Change, in EC4, London, has now fully let the retail sites with 71% of the office space gone. The £350m Trinity Leeds pr
Read moreLondon close: Banks hold back Footsie
17th Dec 2010 17:03
Shares failed to haul themselves into the blue on a busy day's trading, as worries over the Irish economy spooked banking stocks. Ratings agency Moody's has slashed its credit rating on Ireland by five notches to Baa1 from Aa2 citing concerns over banking liabilities and economic prospects. Lloyd
Read moreLondon afternoon: Downbeat banks hold back Footsie
17th Dec 2010 15:05
Shares remain uncertain as the weekend approaches, with banks holding the leading share index back amid continuing eurozone worries. Ratings agency Moody's has slashed its credit rating on Ireland by five notches to Baa1 from Aa2 citing concerns over banking liabilities and economic prospects. Me
Read moreFTSE 100 movers: AstraZeneca disappointment
17th Dec 2010 12:58
AstraZeneca is the worst performer in the Footsie because the FDA has asked for more information about blood-thinning drug Brilinta. This represents a further delay is getting US approval for Brilinta. Gloomy comments by the Bank of England about potential bad debt provisions hit Royal Bank of Sco
Read moreLondon midday: Stocks retreat
17th Dec 2010 12:49
The leading index broke above 5,900 for a short time, but now finds itself stuck in the red as AstraZeneca and the banks offset gains in the property sector. The Bank of England has warned of more bad debt provisions for the banks and also expressed serious concerns for the bond markets if yields c
Read moreLondon open: Flat start for blue chips
17th Dec 2010 08:43
London has started slowly despite the late gains on Wall Street overnight with some gloomy comments from the Bank of England unsettling the mood. The Bank warned of more bad debt provisions for the banks and also expressed serious concerns for the bond markets if yields continued to rise. Lloyds an
Read moreLand Securities non-exec starts building stake
14th Dec 2010 16:11
Simon Palley, a non-executive director at Land Securities, has taken his first tranche of shares in the shopping centre and office developer. He took 16,250 shares at 664.8p each, paying nearly £110,000. Palley joined the board of Land Securities, whose portfolio includes the Lakeside Retail Park
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