Sector movers: Smith & Nephew boosts healthcare higher
10th Jan 2011 16:05
Shares in artificial joint specialist Smith & Nephew have pressured the healthcare equipment and services sector higher after widespread reports that it rejected a bid approach from giant US rival Johnson & Johnson just before Christmas. J&J is said to have offered about 750p per share, valuing th
Read moreLondon afternoon: Miners a drag
10th Jan 2011 14:20
Footsie moved sideways over the lunch time trading session. Mining stocks continue to weigh the blue-chip index down, but oil stocks provide some cheer. A decline in copper imports into commodity-hungry China sent prices for the red metal lower. Kazakhmys, which transports copper from its Kazakhsta
Read moreLondon midday: FTSE 100 stuck lower
10th Jan 2011 12:11
Shares remain rooted in negative territory in spite of a big jump from artificial joint specialist Smith & Nephew following reports of an offer from Johnson & Johnson. Miners are holding back the top share index. A decline in copper imports into commodity-hungry China sent prices for the red metal
Read moreLondon open: Poor start to week
10th Jan 2011 08:23
A fresh round of takeover speculation and well-received numbers from Morrisons hasn't been enough to cancel losses across the mining sector. Artificial joint specialist Smith & Nephew rallied Monday following reports it turned down a bid approach from US rival Johnson & Johnson just before Christma
Read moreBalfour Beatty to dig Crossrail tunnel
10th Jan 2011 08:02
A Balfour Beatty joint venture has won the £235m Whitechapel and Liverpool Street Station tunnels contract, which forms part of the huge Crossrail project. The infrastructure group has teamed up with Austria's Alpine BeMo Tunnelling, Morgan Sindall and Vinci Construction to do its bit of the new ra
Read moreThursday tips round-up: Pearson, SuperGroup, Morgan Sindall
16th Dec 2010 06:31
Pearson still derives 75% of its revenue from print, whether that is school books, copies of the Financial Times or hit titles such as Superfreakonomics. It would be natural to assume that the publisher is in danger of coming unstuck during the undoubtedly bumpy transition to digital from paper.With
Read moreMorgan Sindall 'well placed' for 2011 challenges
15th Dec 2010 07:27
Construction and regeneration firm Morgan Sindall said it remains on track to achieve company expectations for the current year. "Our order book remains consistent with the position at the half year, providing us with good, long-term visibility," the group said in a company statement. The Constr
Read moreConnaught purchase to boost Morgan Sindall
9th Nov 2010 15:56
Morgan Sindall, the construction and regeneration specialist that recently bought some assets of collapsed rival Connaught, said trading conditions have remained challenging in the second half of the year. Despite the tough conditions, the group remains on track to meet full year expectations and b
Read moreLondon close: Footsie rallies but finishes lower
12th Oct 2010 16:46
London battled hard to undo early losses, but fell just short, closing a few points in the red, amid a backdrop of lower commodity prices and sobering trading updates. Miners were under the cosh. Xstrata was among the heavy fallers in the mining sector. It said today it is starting work again at
Read moreLondon afternoon: Resource stocks a drag
12th Oct 2010 14:09
Equity prices continued to recover over the lunch time session though the blue-chip index remains in the red, largely thanks to the weakness of resource stocks. Xstrata, Lonmin, and Antofagasta are the worst hit of the miners, though the whole sector is lower. Metals prices have fallen back as the
Read moreMorgan Sindall wins regeneration contract
12th Oct 2010 13:56
Construction and regeneration group Morgan Sindall has won a contract with Knowsley Metropolitan Borough Council, to deliver a regeneration project in Stockbridge Village, Merseyside. The contract, worth £18.5m, requires Morgan Sindall to construct a primary school, a neighbourhood centre with leis
Read moreLondon close: Sluggish Footsie limps higher
10th Sep 2010 16:38
Modest gains on Wall Street failed to spur London into action and the leading share index closed just a few points higher. US shares were boosted by economic figures showing wholesale inventories jumped by 1.3% in July, ahead of estimates, and sales at distributors rose by 0.6%. Among companies he
Read moreLondon afternoon: Main index little moved
10th Sep 2010 14:39
We're little changed from last night's close as Wall Street opens, with a largely bright financials sector offset by mostly weaker commodity plays. Most banks have done well - Barclays excluded - on hopes that new banking rules announced this weekend will be favourable. Regulators are meeting this
Read moreLondon midday: Footsie flat as mining retreat offsets banks' advance
10th Sep 2010 12:01
On a quiet day on the company news front Footsie is flat, with banks advancing on hopes that new banking rules announced this weekend will be favourable, but miners falling back. Regulators are meeting this weekend to thrash out rules on banks' capital. Royal Bank of Scotland leads the sector on ho
Read moreLondon open: Flat start for Footsie
10th Sep 2010 08:51
London has opened flat with little sign of that changing after a lacklustre first hour. US shares tailed off towards the end of day on Wall Street and that has had some impact. Banks are still going well ahead of the new capital rules to be unveiled by BIS on Monday. Royal Bank of Scotland leads th
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