London afternoon: Gains get trimmed
18th Jan 2011 14:35
Share prices came off the boil over the lunch time session though Footsie remains firmly in the red, as things continue to look rosier in the eurozone. Burberry is in fashion after bumper demand for outdoor coats and other luxury accessories meant a storming third quarter for the luxury goods group
Read moreLondon midday: Shares keep gains
18th Jan 2011 12:17
The top share index remains buoyant as mining sector strength and company updates attract buyers. Miners are strong led by Vedanta, Kazakhmys and ENRC.Rio Tinto's global iron ore operations set a new quarterly production record in the final three months of 2010. The group produced 65m tonnes in the
Read moreLondon open: Footsie back over 6,000
18th Jan 2011 08:49
Blue chips have rallied following a strong performance in Asia this morning, renewed demand for the miners and some good trading updates. Brewer SABMiller helped more drinkers in Africa and China quench their thirst during the third quarter, sending organic lager volumes up 3%. The owner of Peroni
Read moreAshtead drops Lavendon interest
18th Jan 2011 07:58
Plant hire group Ashtead has ended its bid interest in Lavendon after a firm rebuttal from the board of the powered access platform group. Lavendon unanimously rejected an "opportunistic" 115p per share offer from joint bidders Ashtead and Belgium's Thermote & Vanhalst. The joint bid had pre-cond
Read moreLavendon rebuffs Ashtead/TVH approach
13th Jan 2011 15:31
Powered aerial work platforms renter Lavendon has unanimously rejected an "opportunistic" offer from joint bidders Ashtead Group and Belgium's Thermote & Vanhalst. It said the 115p a share offer, a 45% premium to the price on 2 December when Lavendon first attracted bid interest, "significantly und
Read moreAshtead joins Belgian bid for Lavendon
13th Jan 2011 07:42
Equipment hire firm Ashtead Group has teamed up with Belgium's Thermote & Vanhalst in an attempt to buy powered aerial work platforms renter Lavendon. The pair propose paying 115p a share in cash for the company, a 45% premium to the price on 2 December when Lavendon first attracted bid interest, b
Read moreLondon close: Lower finish after weak US jobs data
3rd Dec 2010 16:51
Footsie closed in the red after a sluggish day's trading, with the calm only briefly interrupted by jitters following weak US jobs data in the afternoon. Non-farm payrolls increased by 39,000 during the month, down from a revised increase of 172,000 in October and well short of expectations that ab
Read moreLondon afternoon: Footsie dives on US jobs data
3rd Dec 2010 14:30
Jobs growth slowed sharply in the US in November and unemployment unexpectedly rose, which was not the result the market had been hoping for. The data sent shares on this side of the pond into a dive, and pushed Footsie into the red. Non-farm payrolls increased by 39,000 during the month, down fro
Read moreLondon midday: Shares still sluggish ahead of US jobs figure
3rd Dec 2010 12:10
The strong gains of the past couple of days have given way to sluggishness as traders pause for breath and await US jobs data later in the afternoon. Non-farm payrolls in the world's biggest economy are due at lunchtime. In company news here, mining giant Rio Tinto is to be the junior partner in
Read moreLondon open: Lacklustre start ahead of US jobs
3rd Dec 2010 08:52
Footsie has drifted lower with the freezing temperatures and transport chaos keeping many City folk away from work. All eyes will be on the US non-farm payrolls report at lunchtime, but ahead of that data there has been some profit taking after the big gains of the previous two days. Mining giant
Read moreLavendon rejects Belgian bid approach
3rd Dec 2010 07:56
Powered aerial work platforms leaser Lavendon Group is on the shopping list of Belgian rival Group Thermote & Vanhalst. TVH Services, the principle holding company of Group Thermote & Vanhalst, has made two bid approaches to Lavendon, the most recent one being an offer to buy the company's shares a
Read moreLavendon lifted by sales improvement
16th Nov 2010 12:37
Shares in Lavendon, which rents out powered platforms, moved higher after it said trading had improved in the third quarter and into the fourth. 'Although economic prospects still remain unclear in a number of markets, the board believes that this improvement will be maintained for the balance of t
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
28th Jun 2010 12:28
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1128 GMT [Dow Jones] Lavendon Group's (LVD.LN) update confirms trading is in line and trends are generally improving, says In
Read moreMARKET TALK: Lavendon Update In Line - Investec Securities
28th Jun 2010 12:28
1128 GMT [Dow Jones] Lavendon Group's (LVD.LN) update confirms trading is in line and trends are generally improving, says Investec Securities. It notes cash generation continues to be good. "We continue to believe that, as the largest powered access rental business in Europe, Lavendon has a strateg
Read moreSmall caps round-up: Lavendon, Hameldon, LPA...
28th Jun 2010 11:35
Hydraulic platform specialist Lavendon reports revenue for the five months ended 31 May fell 10%, worse than the flat outcome predicted by analysts at Panmure Gordon. But the company says the year-on-year decline reduced on a monthly basis throughout the period, and Panmure thinks the "worst is ove
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