London close: Footsie little changed
2nd Sep 2010 16:31
Leading shares struggled for direction all day and closed little changed as most blue chips traded sideways. Wall Street was similarly becalmed with the Dow Jones up just one point in the first few hours. European bourses did better as the ECB upped its forecast for eurozone growth for this year an
Read moreFTSE 250 movers: Go-Ahead pulls away
2nd Sep 2010 14:43
Rail and bus company Go-Ahead is moves ahead after full-year results. The company is cautious about the economic outlook and the prospect of government spending cuts after reporting a fall in profits in the year to July 3 amid tough conditions. Takeover speculation has given Yell something to shout
Read moreLondon afternoon: Bid talk spices up dull day
2nd Sep 2010 14:28
Leading shares are still lacking direction, a condition matched in the US where shares are expected to open mixed. High-flying computer chip designer ARM Holdings is flying a little lower today after Panmure Gordon reiterated its "sell" recommendation and cut its price target for the stock to 265p
Read moreLondon midday: Profit-takers weaken ARM
2nd Sep 2010 12:07
London completed an indecisive morning with the blue-chip index marginally in the red. Investors have shown little inclination to chase prices higher after yesterday's strong advance and economic data has not been helpful to sentiment. UK construction sector growth slowed for the third month in a
Read moreLondon open: Shaky start for top share index
2nd Sep 2010 08:41
Shares are slightly lower in early dealings as traders pause for breath following yesterday's strong gains. In company news, AstraZeneca has received approval from the European Commission (EC) for its schizophrenia and bipolar drug Seroquel XR as an add-on treatment for major depressive episodes wh
Read moreLondon pre-open: Dull start for London
2nd Sep 2010 07:38
Despite the strong showing overnight by Wall Street and Asian markets London appears set for a subdued start, with City sources predicting the FTSE 100 will open down by around 16 points from yesterday's close. Global recruitment firm Hays saw a return to growth in the second half of its financial
Read moreMcBride prospers in tough climate
2nd Sep 2010 07:03
McBride, which makes household products for supermarkets to sell under their own names, shrugged off the challenge from promotions of branded products to post a sharp rise in profits in the year to June 30 as shoppers continued seeking the cheapest items. The maker of washing-up liquid, shaving foa
Read moreThursday preview: DSG, Hays, McBride
1st Sep 2010 16:55
After a relatively quiet Wednesday, activity picks up again on Thursday with the likes of Go-Ahead Group, Hays, McBride and DSG International all set to give trading updates. DSG International, soon to implement a welcome reversion back to its former name of Dixons, issues a trading update covering
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
13th Jul 2010 08:00
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] 0700 GMT [Dow Jones] Goldman Sachs upgrades McBride (MCB.LN) to buy from neutral. Thinks the share price reaction to concern
Read moreMARKET TALK: Goldman Sachs Upgrades McBride To Buy
13th Jul 2010 08:00
0700 GMT [Dow Jones] Goldman Sachs upgrades McBride (MCB.LN) to buy from neutral. Thinks the share price reaction to concerns over cost inflation has been excessive. Says the share price has factored in a significant fall in EPS following the company's cost inflation warning in June. Thinks this wi
Read moreRound-up: Premier Farnell, Aer Lingus, Byotrol...
7th Jul 2010 13:34
Components distributor Premier Farnell's strong sales performance in the first four months of financial year 2011 has continued into June, with sales up by 29% year on year. Irish airline Aer Lingus' total passenger numbers in June 2010 were 941,000, down 8.6% on June 2009. Short haul passengers w
Read moreMARKET TALK: Investec Lowers McBride Target Price
30th Jun 2010 12:57
1157 GMT [Dow Jones] Investec Securities lowers McBride (MCB.LN) target price 150p from 250p. Says the market has taken fright at McBride's recent warning on input cost inflation, casting minds back to 2008 when it suffered from the sharp oil price spike. "This present situation looks far less sever
Read moreLondon close: Resource stocks drag Footsie lower
25th Jun 2010 16:42
Weakness in the resources sector ensured that Footsie finished firmly in the red. ENRC, Lonmin and Kazkhmys were big losers in the mining sector as base metal prices retreat. BP resumed its slide following a couple days' respite. Nomura Securities has suggested that the oil giant may have to ra
Read moreFTSE 250 movers: Keller not grounded despite slow US
25th Jun 2010 12:22
Keller, the engineer focused on the preparation of ground that is to be built on, is higher despite saying it has seen no pick-up in its struggling US business. Keller, generates around two-fifths of its revenue in the world's biggest economy, warned six weeks ago of major headaches there and today
Read moreLondon close: Footsie sinks to two-week low
24th Jun 2010 16:42
An afternoon rally fizzled as Wall St opened lower sending Footsie close to its low for the day. Miners were a poor market all day and ENRC, Kazakhmys, Lonmin, Fresnillo and Xstrata were the big losers on fears of a double-dip recession. Elsewhere in the resource sector oil giant BP said the low
Read more