TechMARK movers: Consort still keen on AMS
2nd Mar 2010 14:13
Consort Medical has reaffirmed that it believes that the purchase of AIM-quoted Advanced Medical Solutions "has strong strategic and commercial logic". Medical devices and drug delivery products supplier Consort revealed its interest in AMS last week but the management of the wound care company ref
Read moreLondon midday: Banks bounce back
2nd Mar 2010 12:08
Although base metal miners have reversed course and are now heading south the FTSE 100 index has added to early gains, helped by a surge in interest in banking shares. Ahead of results tomorrow Standard Chartered is leading the banking sector higher. Part-nationalised lenders Royal Bank of Scotland
Read moreFTSE 250 movers: Engineers under pressure
2nd Mar 2010 11:08
Ground engineering specialist Keller is among the heaviest fallers after it suffered a 34% slump in profits in 2009 and is yet to see any sustained upturn in orders. Fellow engineer Rotork posted a rise in profits despite tough conditions in 2009 and said it was seeing an improvement in general mar
Read moreLondon open: Steady start for Footsie
2nd Mar 2010 08:40
Footsie has edge higher in early dealings following a strong showing from Wall Street yesterday. After recent slew of results from the Footsie heavyweights it is the mid-caps day Persimmon completed 8,976 house sales last year and the housebuilder has seen a 7% increase in sales and steady prices s
Read moreMeggitt FY profit falls 3%
2nd Mar 2010 08:01
Aerospace and defence systems group Meggitt posted a 3% dip in annual operating profit but expects to return to growth in the second half of 2010. The company, which makes flight display systems for Airbus and Boeing, said operating profit fell to £286.2m from £296.4m previously. Revenue fell to £1
Read moreFTSE 250 movers: Tomkins motors higher
1st Mar 2010 14:54
Tomkins is higher after the engineer moved modestly back into profit last year, but cautioned that conditions remain challenging and any sustained recovery will be towards the latter half of the year. Shares in specialist publisher Informa are wanted ahead of its preliminary results, due tomorrow.
Read moreTechMARK movers: Share trades boost Morse
26th Jan 2010 15:14
Share trading in IT services provider Morse sparked a rise in its price just before 3pm. Before that the shares had been unchanged. There were three parcels of 20,000 shares acquired at 43p a share. These were all automated trades through SETS. In a recent trading statement, Morse said it expects
Read moreLondon close: Late swoon by Footsie
30th Oct 2009 16:52
Mining stocks proved a major millstone around Footsie's neck today while end of the month position closing also contributed to a fall of almost 2% on the blue-chip index, a decline that was mirrored on Wall Street. The US market gave back most of yesterday's gains in the morning session after US co
Read moreLondon afternoon: Shire provides some cheer
30th Oct 2009 14:19
Footsie dipped into the red over the lunch-time session, as Wall Street opened lower. Metal prices are in retreat, prompting investors to bail out of mining stocks, including precious metals miners such as Fresnillo and Randgold. Among base metal miners, Kazakhmys and Lonmin are the worst perform
Read moreFTSE 250 movers: Meggitt flying high
30th Oct 2009 12:25
Aerospace and defence systems group Meggitt is going well after saying that it is trading in line with expectations and that it has seen signs of stabilisation. Shares in Yell Group are sharply higher after the directories group appeared to move closer to a solution to its refinancing problems.
Read moreLondon midday: Retailers lifted by consumer confidence
30th Oct 2009 12:12
Insurers and miners are hampering the Footsie's progress today, but outside of these two sectors most blue-chips are on an upward trajectory, helped by some decent news on the economy. Economic data released Friday shows that UK consumers are more confident now than at any time in the last 21 mont
Read moreLondon open: Upbeat start for Footsie
30th Oct 2009 08:18
London's blue chips have opened higher thanks to upbeat economic and company news out this morning. Economic data released Friday shows that UK consumers are more confident now than at any time in the last 21 months. The GfK/NOP consumer confidence index improved to -13 in October, the best number
Read moreLondon pre-open: Early gains expected
30th Oct 2009 07:26
Footsie is expected to top up yesterday's gains in early dealings, following a big rise on Wall Street last night. Advertising giant WPP expects the second half to show a marked improvement in profitability and said overall conditions are "less worse". In the third quarter reported revenues rose b
Read moreMeggitt on track, sees stabilisation
30th Oct 2009 07:14
Aerospace and defence systems group Meggitt is trading in line with expectations and said it has seen signs of stabilisation. In the last four months the group said it seen signs of stabilisation in the key macro drivers of its civil aftermarket, namely, air traffic and the number of landings mad
Read moreMeggitt cautious over markets direction
4th Aug 2009 11:25
Aerospace and defence systems group Meggitt has upped its savings target for 2009 from £20m to £25m, with its markets still uncertain overall. Underlying profits in the six months to June rose by 2% to £122.3m. Revenues rose by 11% to £586m. Stated pre-tax profit rose by 32% to £100.1m. The dividen
Read more