London close: Strong finish for FTSE 100
10th Oct 2011 16:32
Stocks were posting big gains at the close of play, with a strong start on Wall Street supporting earlier gains in London. With stocks news thin on the ground, it was the Eurozone saga that was once again the centre of attention. Global stocks rose moderately on Monday on hopes that an agreement be
Read moreLondon midday: Eurozone hopes lift stocks
10th Oct 2011 12:09
Hopes that Eurozone heavyweights France and Germany will be able to sort out the crisis in the single currency zone have sent shares higher. German chancellor Angela Merkel and French prime minister Nicolas Sarkozy have agreed on a "long-lasting, complete package" to battle the region's ongoing deb
Read moreLMS Capital to realise investments
10th Oct 2011 09:41
Shares in LMS Capital jumped after the investment company said it planned to realise its investments after a disagreement over strategy with chairman Robert Rayne, who wanted the company to be broken up. Rayne and shareholders holding around 35% of the firm's share capital had called for the compan
Read moreLMS stays in one piece
6th Sep 2011 09:05
Shares in investment firm LMS Capital jumped 10% after news it would not be broken up, despite demands from a substantial minority of shareholders, including its chairman. LMS said that shareholders holding around 35% of the firm's share capital had called for the company to be dismantled in the sh
Read moreWolseley chairman spends £200,000
14th Apr 2011 17:03
Gareth Davis, the chairman of Wolseley, has splashed out nearly £200,000 on shares in the plumbing supplies group. Davis, who took up his post at Wolseley at the beginning of the year after he stepped down as the chief of Lambert & Butler cigarettes maker Imperial Tobacco, took 9,720 shares at 2,14
Read moreTasty founder takes a big bite
13th Apr 2011 17:20
Samuel Kaye, the multi-millionaire founder of the restaurant chain operator Tasty, has added to his stake in the company with the purchase of £93,000 of shares. He snapped up 300,000 shares at 31p a time and now has about 9.1m shares, or 19.1% of the company, which operates the oriental-themed DimT
Read moreTuesday tips round-up: Daily Mail, Aberdeen Asset, AG Barr...
29th Mar 2011 06:45
Daily Mail Group's exposure to UK consumers in 2011 should dampen wholehearted enthusiasm for the stock, and the management is loath to be drawn on outlook, given the wider economic uncertainties, but there should be some upside here. Buy says the Independent. Fund manager Aberdeen Asset has a stro
Read moreLMS Capital to keep selling quoted holdings
28th Mar 2011 12:14
Investment company LMS Capital grew its net asset value by over £17m in 2010 and expects to keep selling stocks this year. Net asset increase to £245m, or 90p a share, from £227.7m, or 84p a share, at the end of 2009, while the investment portfolio revealed a net gain of £23.9m compared with a £4.9
Read moreFlat NAV for LMS
15th Nov 2010 15:35
Investment company LMS Capital says that its net asset value has been maintained at 83p a share at the end of September 2010. There was a rise in the value of quoted investments but a decline in the unquoted portfolio. LMS continues to sell off underperforming older investments. In the three mont
Read moreMelrose non-exec invests £126,000
2nd Nov 2010 16:37
Melrose non-executive director Miles Templeman has invested a further £126,000 in the engineer and industrial products supplier. Templeman bought 44,665 shares at 281.89p each. That takes his stake to 398,787 shares. The last time a Melrose director bought shares was back in March 2009. That was
Read moreNew director invests £100,000 in LMS
8th Oct 2010 17:04
Recently appointed non-executive director Mark Sebba has invested nearly £100,000 in LMS Capital shares. Sebba has acquired 210,000 at 47p each - a total cost of £98,700. He did not own any shares in LMS prior to the purchase. Sebba is chief executive of NET-A-PORTER.com, the luxury women's glob
Read moreRPS boss cashes in
18th May 2010 16:51
Chief executive Dr Alan Hearne has raised nearly £1m by selling shares in environmental consultancy RPS. Dr Hearne has sold 470,000 shares at an average price of 209.588p each. That leaves him with 15,130 RPS shares and £985,000 in cash. In March, Dr Hearne raised £222,434 from a share disposal
Read moreEnterprise Inns bosses sell shares
17th May 2010 15:43
Bosses at the pub group Enterprise Inns have been offloading hefty stakes in the company. Chief financial officer David George sold the biggest stake, netting more than £250,000. He sold 195,511 shares at 130.2p a time and now has 2m, or 0.4% of the company. Chief executive Ted Tuppen sold 166,000
Read moreSmall cap round-up: LMS Capital, Winkworth, Morson...
23rd Mar 2010 13:20
Investment firm LMS Capital's net asset value fell 6% to 84p last year as the pound strengthened against the dollar. The return on the investment portfolio for the year was a net loss of £4.9m (2008: net loss of £36.7m). "Our low levels of debt and broadly balanced investment portfolio position us
Read moreLMS Capital ebbs in October
3rd Nov 2009 15:06
Investment company LMS Capital, which specialises in investing in US and UK small to medium sized companies, has seen its net asset value recover in the second half of 2009 after a tough first half to the year. Net asset value (NAV) per share at the end of September stood at 87p, up 5% from the end
Read more