London close: Snow deluge buries Footsie
6th Jan 2011 16:43
Footsie succumbed to the growing list of businesses hit by the snow over the Christmas holidays and closed lower for the first time this week. December's snowfalls cost British Airways about £50m in the third quarter and a little more at the start of January. BA, due to complete its £5.7bn merger w
Read moreFTSE 250 movers: Retailers feel the effects of the cold
6th Jan 2011 16:38
Retailers are dragging the FTSE 250 lower Thursday after disappointing trading updates following bad weather disruption. Mother and baby retailer Mothercare is the worst hit after warning that it now expects full year underlying pre-tax profit to be below current market expectations after disappoin
Read moreLondon afternoon: Winter woes fail to hold back FTSE 100
6th Jan 2011 14:51
It's three out of three days of gains so far this year for the top share index, with the impact of snow on retailers and other businesses over the Christmas failing to hurt overall sentiment. Miners such as gold group Randgold and industrial metals specilists Vedanta Resources and Xstrata are wante
Read moreLondon midday: New highs for FTSE 100
6th Jan 2011 12:12
The top share index is posting gains for the third day in a row and is trading at levels not seen since May 2008. Gold miner Randgold leads the mining sector higher as the price of gold stabilises. Vedanta Resources and Xstrata are the other stand-out stocks in the sector. It is chip designer ARM
Read moreLondon open: Flat start for FTSE 100
6th Jan 2011 08:32
The top share index is little changed in early dealings but a raft of trading updates from retail and other sectors has given traders plenty to ponder. Mother and baby retailer Mothercare today warned that it now expects full year underlying pre-tax profit to be below current market expectations af
Read moreLondon pre-open: Flat start on cards
6th Jan 2011 07:37
London is expected to start little changed after last night's gains on Wall Street and a mixed session in Asia. Futures are currently pointing to a drop of 2 points when trading gets underway, keeping the FTSE 100 in touch with its highest levels in 2½ years. Greetings card specialist Clinton Car
Read moreMcBride warns on full year amid retail uncertainty
6th Jan 2011 07:05
Uncertainty in the retail sector has prompted McBride, which makes toothpaste and other household items for supermarkets to sell under their own labels, to warn that its full-year performance could be at the lower end of its expectations. Growth in Central and Eastern Europe has been driving revenu
Read moreWednesday tips round-up: Arm, Pearson, Braemar Shipping...
27th Oct 2010 06:43
When your shares are trading on more than 45 times' this year's earnings, a degree of investor nervousness is inevitable. So yesterday's plunge in ARM Holdings was more a case of the market trying to find reasons to sell and take some profits. ARM investors have had to live with sky-high valuations
Read moreSector movers: ARM slump dents tech index
26th Oct 2010 12:43
Big losses at ARM Holdings savaged Technology Hardware & Equipment on Tuesday. ARM shares slumped 7% despite a big increase in both sales and income as brokers think the share price has got ahead of itself and is due a correction. KBC Peel Hunt told its clients take profits and Panmure Gordon keep
Read moreLondon close: Miners keep Footsie in the blue
25th Oct 2010 17:04
Were it not for the strength of miners today Footsie would undoubtedly have ended in the red, as many share prices experienced a late swoon. Miners were wanted on expectations that the US dollar will suffer a relapse after the G20 agreement over the week-end that should, if adhered to, bring an end
Read moreLondon afternoon: Miners retain most of their gains
25th Oct 2010 14:28
London has lost some of its gains in the early afternoon but it is showing signs of a renewed upturn. Miners remain the best performers on expectations that the US dollar will suffer a relapse after the G20 agreement over the week-end that should, if adhered to, bring an end to so-called currency w
Read moreLondon midday: Banks miss out
25th Oct 2010 12:05
Having got off to a flying start London spent the mid-morning period slowly relinquishing its gains before regaining impetus just before midday. Miners continue to lead the advance on expectations that the US dollar will suffer a relapse after the G20 agreement over the week-end that should, if adh
Read moreMcBride growth continues despite competition
25th Oct 2010 07:18
Household and personal care products maker McBride said it continues to see growth despite intense competition and is trading in line with company expectations. The firm, which makes products such as washing-up liquid and shaving foam for supermarkets to sell under their own label, said revenue at
Read moreFTSE 250 movers: Soco slips after well disappointment
3rd Sep 2010 16:05
Oil explorer Soco falls back on some disappointing drilling news. It has plugged and abandoned its first wildcat exploration drilling well at Nganga 1 ("NGA-1") in the Nganzi Block, onshore the Democratic Republic of Congo, after hitting water. Shares in McBride have fallen back slightly after good
Read moreFriday tips round-up: Go Ahead, Thomas Cook, McBride...
3rd Sep 2010 06:57
Go-Ahead, the bus and train operator, produced a set of full-year results ahead of City forecasts yesterday that showed that many of its cogs are turning rapidly. The road ahead could contain a few potholes, however. For instance, the company's operations rely heavily on commuters in the south-east
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