London midday: Miners and properties slide
13th May 2009 12:04
After a moderately firmer start, London's leading shares quickly turned lower in the morning session, with mining shares and properties weighing heavily on the FTSE 100 index. Property giant Land Securities saw its net asset value slashed by two-thirds in 2008 in what it described as 'unprecedented
Read moreLondon open: Footsie slips on big results day
13th May 2009 08:40
It's a big day for company announcements, but investors seem unimpressed so far with Footsie off a few points despite good numbers from J Sainsbury, Compass and L&G. Strong demand for its 'basics' range has helped supermarket giant J Sainsbury deliver better than expected full year profit. Underlyi
Read moreLondon pre-open: Modest lift seen at outset
13th May 2009 07:43
Encouraged by Wall Street's late rally yesterday London looks set to open on a positive note. Expectations are for the FTSE 100 to rise around 20 points at the outset. Strong demand for its ‘basics’ range has helped supermarket giant J Sainsbury deliver better than expected full year profit. Underl
Read moreL&G ups Q1 sales by 3%
13th May 2009 07:20
Insurer Legal & General has reported a better than expected 3% increase in first quarter worldwide new business and a "modest" improvement in its IGD capital surplus from previous estimates. The company, which said yesterday it was cutting up to 560 jobs in its savings division, said worldwide new
Read moreLegal & General cuts 560 savings staff
12th May 2009 12:16
Legal & General is to cut up to 560 jobs in its savings division and has started consultations with staff over possible redundancies. Some 300 full-time workers and 260 contractors are likely to be affected by the cull, which is part of a 10% workforce reduction this year flagged up by chief execu
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