FTSE 250 movers: Aquarius shines on acquisition approval
14th Jul 2009 10:35
Shares in Aquarius Platinum are going well after it announced its acquisition of fellow platinum miner Ridge was approved by 99.99% of Aquarius shareholders. Engineering conglomerate Melrose climbs after saying it is trading in line with expectations for the full year and said cash generation durin
Read moreBroker tips: Marston's, Bodycote, Bovis
10th Jul 2009 13:15
The right issue announced last month by brewer and pubs owner Marston's has left a sour taste in the mouths of many shareholders but Charles Stanley advises taking up the rights to avoid dilution. The Independent on Sunday reported at the end of June that a number of institutional investors had cri
Read moreBroker snap: Take up Marston's rights, Charles Stanley advises
10th Jul 2009 13:14
The right issue announced last month by brewer and pubs owner Marston's has left a sour taste in the mouths of many shareholders but Charles Stanley advises taking up the rights to avoid dilution. The Independent on Sunday reported at the end of June that a number of institutional investors had cri
Read moreLondon close: Heavy losses for Footsie
2nd Jul 2009 16:37
Footsie closed the day nursing triple-digit losses as investors took fright following poor US monthly jobs figures. WPP was the day's worst performer as Citigroup downgraded the UK advertising firm to sell from hold, saying a continuation of the trends in the second quarter would suggest a 7.5% org
Read moreLondon afternoon: Slide accelerates after US open
2nd Jul 2009 15:00
Investors are bailing out of equities in the US ahead of the long holiday week-end in the States, prompting the decline in UK equities to pick up pace. Rio Tinto is the day's worst performer despite a strong response to its $15.2bn rights issue. Shareholders have taken up 96.97% of the shares offer
Read moreFTSE 250 movers: Investors show thirst for pubs
2nd Jul 2009 13:40
Pubs and brewers were very much in focus Thursday after Greene King profits beat forecasts and it said sales were up at the start of its new financial year. Profit before tax and exceptional items for the 52 weeks ended 3 May fell 15% from the previous year to £118.5m, but that was ahead of the £11
Read moreLondon midday: Struggle for blue chips
2nd Jul 2009 12:11
London's top stocks are struggling to make headway with the index heading back down as buyers sit on the sidelines. London Stock Exchange is the biggest faller after it announced a new pricing scheme yesterday. The stock market operator says the new tariff would have resulted in £3m worth of tradin
Read moreSunday newspaper round-up: Lloyds Banking, Anglo American, Marston's
28th Jun 2009 10:45
Lord Davies, the former Standard Chartered chief and now Trade minister, has been offered the chairmanship of Lloyds Banking Group but will turn the job down. The peer's decision to decline the job will be a blow to John Kingman, head of UK Financial Investments (UKFI), the body which owns the Gove
Read moreRyanair chairman offloads shares
23rd Jun 2009 15:36
Ryanair's chairman David Bonderman has sold more than €1m worth of shares in the company. He offloaded 300,000 shares at €3.35 a time. Ryanair said that this amounts to about 0.02% of the company and that Bonderman now has about 0.93%. News of the share sale comes on the same day Ryanair said it
Read moreFTSE 250 movers: JD Wetherspoon fizzing after upgrade
23rd Jun 2009 13:25
Investors have raised a glass to JD Wetherspoon after Morgan Stanley lifted its rating on the pub group to 'overweight' from 'underweight', after falls in the company's share price lately. Rival pub group Marston's is unwanted though. Military decoy specialist Chemring is going well after it saw ha
Read moreLondon close: Footsie closes flat
18th Jun 2009 16:34
A late afternoon rally fizzled out to leave Footsie little changed after a volatile day. Economic stories dominated the news with mixed data in the UK offset by better than expected intial jobless figures in the US. UK mortgage lending eased in May from the month before and was 58% lower than the
Read moreComment: Marston's wrong-foots income investors
18th Jun 2009 15:38
It is only a month since pub group Marston's maintained a dividend payment which many observers believed it could not afford. Perhaps the sceptics were right, seeing as Marston's announced today that it would be asking shareholders to support a chunky rights issue. Having paid out £13m in dividends
Read moreLondon afternoon: US rally lifts Footsie
18th Jun 2009 15:03
Better than expected US dole queue figures have lifted Footsie in the afternoon session, despite very mixed economic data here at home. Mortgage lending eased in May from the month before and was 58% lower than the same time last year, figures showed today. The Council of Mortgage Lenders (CML) s
Read moreBroker tips: Xstrata, Marston's, Mouchel
18th Jun 2009 13:08
Shares in mining giant Xstrata are down 15% over the last week, bringing the shares down to a level which has attracted the attention of US investment houses Morgan Stanley and Citigroup. Morgan Stanley has upgraded Xstrata from "equal weight" to "overweight", noting that on a two to three year rev
Read moreBroker snap: Brokers raise glass to Marston's
18th Jun 2009 12:49
The share price may have tumbled dramatically in the morning trading session but the decision by pub owner and real ale brewer Marston's to raise £176m through a rights issue has been well received by two brokers. "We see this [fund raising] as a positive move, putting the company in the forefront
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