London afternoon: Banks lead the fight back
3rd Jul 2009 14:30
Share prices are creeping higher after yesterday's heavy falls, with banking stocks leading the fight back. Barclays, HSBA and Lloyds Banking lead the banking sector higher while insurers such as Aviva and Legal & General are also wanted. An exception to the general strength of insurers is Friends
Read moreNorthern Bear chief stake under 2m
2nd Jul 2009 16:36
Support services group Northern Bear said chief executive Graham Forrest raised £150,000 and reduced his stake in the firm to under 2m shares. Forrest disposed of 300,000 shares to a third party at a price of 50p each. He is now interested in 1.98m shares, which represents 10.46% of the group. Top
Read moreLondon close: Late gains lift Footsie
29th Jun 2009 16:50
After a rather sluggish start to the day, Footsie ended with chunky gains, helped by buoyancy on Wall Street. Lloyds Banking topped the list of risers after Goldman Sachs raised its rating on the shares from "neutral" to "buy" and added them to its "conviction buy" list. Goldman Sachs has also lif
Read moreLondon afternoon: Financials spearhead the advance
29th Jun 2009 14:21
Banks and insurers lead the way as London continues its steady advance. Lloyds Banking tops the list of risers after Goldman Sachs raised its rating on the shares from "neutral" to "buy" and added them to its "Conviction Buy" list. Goldman Sachs has also lifted its target price from 61p to 107p, af
Read moreLondon midday: Lloyds leads banks higher
29th Jun 2009 11:51
Risers outnumber fallers by around three to one among Footsie constituents, as the index pushes ahead despite weakness among miners. Lloyds Banking tops the list of risers after Goldman Sachs raised its rating on the shares from "neutral" to "buy" and added them to its "Conviction Buy" list. Goldm
Read moreLondon close: Stocks finish in the red
26th Jun 2009 16:25
London's leading shares finished in the red by close as Wall Street remained in negative territory. Insurer were down with Friends Provident, Prudential and Legal & General lower while miners Eurasian Natural Resources, Rio Tinto and Vedanta were also down. The banks are in a healthier condition
Read moreLondon afternoon: Footsie in red
26th Jun 2009 14:13
London has slipped into negative territory, led by insurers and some wayward miners, while Wall Street is seen starting lower. Friends Provident, Prudential and Legal & General are among the biggest fallers, joined by Eurasian Natural Resources, Rio Tinto and Vedanta. The banks are in a healthier
Read moreLondon close: Lacklustre Footsie in late fall
23rd Jun 2009 16:44
Footsie slipped into the red in late trading Tuesday having sat just above the zero mark for most of the day on a lacklustre day's trading. Information conglomerate Thomson-Reuters moved up after it confirmed it is to delist from the London Stock Exchange and NASDAQ, while retaining its listings on
Read moreLondon afternoon: Miners provide a lift
23rd Jun 2009 14:15
London remains moderately firmer, helped by expectations of a similarly gentle upward shift on Wall Street when the US market opens and the strength of mining stocks. Information conglomerate Thomson-Reuters is on the upturn after it confirmed it is to delist from the London Stock Exchange and NASD
Read moreFTSE 100 movers: L&G takes downgrade hit
23rd Jun 2009 13:50
Insurers struggled as Societe Generale cut its rating on Legal & General to "sell" from "hold" and slashed earnings forecasts for the current financial year and the next. Friends Provident fell back in sympathy. Copper miner Antofagasta was one of the top blue chip risers as metal prices improved,
Read moreBroker tips: Thomson Reuters, Legal & General, JD Wetherspoon
23rd Jun 2009 12:39
The decision by Thomson Reuters to can its London listing may have been triggered by management's frustration in the persistent discount at which the shares trade to their NYSE-listed counterparts, Charles Stanley believes. Since announcing the decision to unify its dual listed company structure Lo
Read moreLondon midday: Equities firmer on balance
23rd Jun 2009 12:01
London's leading shares continue to defy expectations and trade higher on balance, despite a weak showing overnight from Asian markets in the wake of yesterday's fall on Wall Street. Information conglomerate Thomson-Reuters leads the way. It has confirmed it is to delist from the London Stock Excha
Read moreBroker snap: L&G vulnerable to market reverse
23rd Jun 2009 11:10
Legal & General was the worst performing blue-chip in early trading on Tuesday after Societe Generale (SocGen) recommended selling the shares. SocGen previously advised holding the shares. It has cut its earnings estimates for the current financial year and next, resulting in a reduction in project
Read morePaddy Power non-exec trims stake
19th Jun 2009 17:30
Tom Grace, senior independent director of Paddy Power, has cut his stake in the Irish bookie, which has seen a rally in the share price since February. Grace, a former Irish rugby international and the treasurer of the Irish Rugby Football Union, sold €165,000 worth at €10 per share. Grace joined t
Read moreRoditi raises PGI stake to 74%
3rd Jun 2009 17:15
Director Nick Roditi of PGI Group, which operates a property management division in Russia and a food group in Southern Africa, has raised his stake to nearly 74%. Roditi acquired 5.7m shares at a price of 8p each, hiking his stake to 93m shares, which is 73.6% of the group. Top Director Buys
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