Sector movers: Mondi rises ahead of update
28th Oct 2011 16:20
The forestry and paper sector was rising higher on Friday with FTSE 250 paper and packaging firm Mondi making moderate gains. The company, which employs 29,000 employees and managed 2.41m hectares of land, is due to release its third quarter interim management statement on Monday. Shares were hig
Read moreSector movers: 9% gain for Barclays boosts banks
11th Aug 2011 15:42
Every sector was notching up gains on Thursday afternoon as the markets in London surged on the back of a positive start on Wall Street. Mondi, the biggest company of the five forestry and paper stocks rose over 6.6% in late afternoon trading, sending the sector to the top of the pile. The paper an
Read moreLondon midday: Banks in front as rally continues
22nd Jul 2011 12:21
Stocks are going strong after this morning's gains, with banks prominent among the risers, continuing their advance following the eurozone deal yesterday. Barclays, RBS and Lloyds are posting good gains. However, today's standout stock is easyJet, with the budget airline up 15% after saying it exp
Read moreLondon open: Banks keep rising, easyJet takes off
22nd Jul 2011 08:28
Stocks have continued rising following yesterday's Eurozone agreement, with banks unsurprisingly in the vanguard of the advance. Barclays, RBS and Lloyds are the top three risers in the FTSE 100. However, today's standout stock is easyJet, with the budget airline up 15% after saying it expects ful
Read moreLondon pre-open: Footsie sets sights on 5950
22nd Jul 2011 07:39
London is set to celebrate yesterday's agreement on a new aid package for Greece and an overhaul of the Eurozone sovereign rescue fund, though the gains are not as wild as might be expected, given that details of the agreement had been leaked throughout yesterday and so had already been priced into
Read moreMondi predicts profit jump
22nd Jul 2011 07:08
Paper and packaging firm Mondi expects profits for the first half of 2011 to be "considerably higher" than in the same period last year, it said in an announcement today. It expects to report basic earnings per share of €0.38 to €0.43, up from €0.215 the previous year, and basic headline earnings p
Read moreFirst Derivatives non-exec pockets £550,000
7th Jul 2011 15:17
First Derivatives non-executive director Michael O' Neill has pocketed £550,000 from the sale of shares in the Northern Irish provider of software services to investment banks and hedge funds. He sold 100,000 at 550p a time, but still has 640,000 shares, or nearly 4% of the company. "The shares we
Read moreSector movers: Mondi boosts forestry and paper sector
26th May 2011 15:15
Paper and packaging firm Mondi is providing a boost in the forestry and paper sector. Earlier this month, Mondi said that underlying profit in the first quarter of 2011 of €187m was well ahead of the figure for the corresponding period of 2010. Following the results, RBS said that the stock was i
Read moreBroker tips: Lloyds, Mondi, Go-Ahead
6th May 2011 12:43
One-offs and lower margins have prompted RBS to downgrade forecasts at Lloyds, after the bank reported profits that were significantly under consensus estimates. While underlying results were broadly in line, one-off charges caused the group to deliver a pre-tax profit of £1.2bn in the first quarte
Read moreBroker snap: Mondi remains top pick in sector
6th May 2011 12:33
RBS has hiked its target price for Mondi, saying that the paper and packaging firm remains its top pick across the pan-European paper sector. In the first quarter, Mondi delivered a record operating profit of €187m, "with price increases and volume growth from its emerging Europe-based operations m
Read moreLondon close: Another day of big losses for FTSE 100
5th May 2011 16:51
Stocks fell sharply having started the day well, with banks and miners among the heaviest fallers. First quarter profits fell sharply at part-nationalised lender Lloyds Banking, which closed down 8% today, as the bank took an impairment charge that was half a billion pounds larger than it was expec
Read moreFTSE 250 movers: Rail and bus groups in demand
5th May 2011 15:44
Go-Ahead, the rail and bus operator, saw shares rise after reporting that trading in the quarter to 2 April was strong, as passenger numbers rose by 7.2%. Sector peer National Express is also firmer after saying that is on track for an improved financial performance in 2011 after seeing good growth
Read moreLondon midday: FTSE 100 back on the slide
5th May 2011 12:07
The top share index has given up its bright start to resume the slide suffered yesterday, with banks leading the fall. The mining sector, which had started brightly, is also lower. First quarter profits fell sharply at part-nationalised lender Lloyds Banking, as the bank took an impairment charge t
Read moreLondon open: Banks spoil the party
5th May 2011 08:28
Stocks have rallied following yesterday's slide, but only slightly as the banking sector puts a dampener on the recovery. First quarter profits fell sharply at part-nationalised lender Lloyds Banking, as the bank took an impairment charge that was half a billion pounds larger than it was expecting,
Read moreLondon pre-open: Stocks set for rebound
5th May 2011 07:45
Stocks are set to rebound this morning against a backdrop of a hectic company results schedule. City traders expect the top share index to open around 24 points up from last night's close of 5,984. First quarter profits fell sharply at part-nationalised lender Lloyds Banking, as the bank took an im
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