London close: Volatile Footsie closes lower
20th Nov 2009 16:34
Footsie ended slightly in the red after a topsy-turvy day which saw UK shares at the mercy of the US dollar. Shares in miner Antofagasta resumed their position near the top of the leaderboard after a brief dip into negative territory that came as commodity prices slipped in line with strength in th
Read moreLondon close: Flat finish for FTSE 100
18th Nov 2009 16:33
There was no shortage of market moving news today, but with stocks moving in both directions, Footsie finished little changed. It was day for high profile board room appointments, with the share prices of Marks & Spencer and ITV both responding well to an end to uncertainty over leadership issues.
Read moreLondon afternoon: Hershey & Ferrero size up Cadbury
18th Nov 2009 14:05
It has been a day for high profile board room appointments, with the share prices of Marks & Spencer and ITV both responding well to an end to uncertainty over leadership issues. Retailer Marks & Spencer (M&S) has poached Marc Bolland, chief executive of supermarket chain Morrisons, to be its new b
Read moreLondon midday: Market cheers M&S appointment
18th Nov 2009 12:02
Retailer Marks & Spencer (M&S) moved to the top of the news agenda this morning after it announced it has poached Marc Bolland, chief executive of supermarket chain Morrisons, to be its new boss. While Marks & Spencer's shares responded positively to the appointment, shares in Morrisons fell back o
Read moreLondon open: Early gains for Footsie
18th Nov 2009 08:48
London's top stocks have opened higher following yesterday's drop, which brought a 4-day winning streak to an end. Troubled broadcaster ITV has confirmed the appointment of former Tory party MP Archie Norman as its new non-executive Chairman. He will take up the role in January 2010, when current e
Read moreLondon pre-open: Shares to turn positive again
18th Nov 2009 07:33
London's top stocks are expected to open around 10 points higher following yesterday's drop which brought a 4-day winning streak to an end. Troubled broadcaster ITV has confirmed the appointment of former Tory party MP Archie Norman as its new non-executive Chairman. He will take up the role in Jan
Read moreLand Securities to bide its time
18th Nov 2009 07:21
All of the key numbers still pointed down in Land Securities' half-year figures, but the property giant is confident 'that from the low point in July 2009 property values will rise over the next five years'. Chief executvie Francis Selway added the ride may be bumpy with the profile of price rises
Read moreWednesday preview: Land Securities, Experian, Mothercare
17th Nov 2009 15:13
Following hot on the heels of results from British Land on Tuesday, fellow real estate giant Land Securities issues interim figures on Wednesday. Like British Land it has been disposing of assets, selling its stake in the Bullring shopping centre in Birmingham. The firm is still repaying debt but s
Read moreWeek ahead: Property stocks, ICAP, Lonmin, Capita
13th Nov 2009 12:02
Property companies come into focus next week, with British Land and Land Securities releasing interim figures. Broker Charles Stanley expects British Land which recently announced the part disposal of its Broadgate property assets in the City of London, to report a relatively cheery outlook statem
Read moreLondon close: Shares shake off US blues
6th Nov 2009 17:15
The Footsie finished a see-saw day in positive territory, shrugging off concerns about the worse than expected US jobless figures, which revealed the US unemployment rate has risen above the 10% level. Banks enjoyed a day in the sun, helped by a positive response to results from Royal Bank of Scotl
Read moreLondon afternoon: Stocks slide on US jobless news
6th Nov 2009 14:04
Leading shares are retreating rapidly in the wake of worse than expected US non-farm payrolls data. October non-farm payrolls data showed the US unemployment rate rose to 10.2% from 9.8% in September. The number of jobs lost in October was 190,000, versus expectations of 175,000 job losses. So fa
Read moreLondon midday: Financials lead advance
6th Nov 2009 12:04
Banks and property stocks are leading the market higher, though the advance is being conducted at a leisurely pace. More huge write-offs sent Royal Bank of Scotland (RBS) deep into loss over the past three months. Nine-month losses now total £2.06bn against a profit £1.8bn this time last year. Des
Read moreTuesday newspaper round-up: Royal Bank of Scotland, Lloyds, ITV
3rd Nov 2009 06:12
The Government will today announce plans to inject a further £40bn of taxpayers' money into Royal Bank of Scotland and Lloyds Banking Group as part of a fresh, wide-ranging restructuring of the UK banking sector. The sum is higher than expected because RBS will take about £25bn in new "B" shares an
Read moreLondon close: Miners fire Footsie higher
2nd Nov 2009 16:23
Miners dominated London's top ten risers, offsetting weakness among financials, while promising US manufacturing data encouraged buyers over here. Randgold Resources was top of the pile as the price of gold topped $1,060 an ounce. It's also keen to bring the renamed Kibali mine into production as s
Read moreTuesday newspaper round-up: BAE, Yell, William Hill
27th Oct 2009 06:01
The Serious Fraud Office will miss its own deadline for bringing corruption charges against BAE Systems, Europe's largest defence company, this week as it struggles with the complexity of the case. Legal sources said that charges could be delayed until next year as the SFO's leading counsel and the
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