London close: US breathes life back into Footsie
1st Nov 2010 16:42
A good early performance from Wall Street helped Footsie snap out of a weak spell to close in positive territory. US shares were boosted by a bigger than expected rise in factory output in October. The Institute for Supply Management's manufacturing index rose to 56.9 last month. Analysts thought
Read moreLondon afternoon: Banks and miners lead advance
1st Nov 2010 15:14
Footsie pulled out of its late morning slump over the lunch time session to move firmly back into positive territory, though investors are still reluctant to commit too heavily ahead of tomorrow's mid-term US elections, and the quantitative easing decisions expected this week from the Bank of Englan
Read moreLondon midday: Footsie subdued after buoyant start
1st Nov 2010 12:02
Footsie has failed to rediscover its early-morning buoyancy and sits in the blue by a few points. Among the laggards is Serco. The company, which carries out work for the government such as operating prisons and London's Docklands Light Railway, has taken a knock after it was forced to make a grove
Read moreLondon open: Footsie charges higher
1st Nov 2010 08:32
High demand for banks and miners got the week off to a good start, offsetting weakness in the outsourcing sector. Banks are going well as trading updates loom. Lloyds Banking Group is getting ready for tomorrow's statement with a 2% jump, while Royal Bank of Scotland and HSBC are also making up gr
Read moreLondon pre-open: Firm start to big week
1st Nov 2010 07:36
This week sees a slew of keenly anticipated economic data, both on this and the other side of the Atlantic, but traders seem keen to take a view, with the Footsie expected to break back above the 5700 barrier. The first week of November is a very busy one for UK corporate activity but, even so, act
Read moreMondi wary of exchange rate movements
1st Nov 2010 07:11
Underlying operating profit for paper and packaging group Mondi was on the up in the third quarter, both on the preceding two quarters and in comparison with the same quarter of 2009. The sharp increase in underlying operating profit from a year ago was achieved despite turnover climbing only margi
Read moreMondi earnings in top half of guidance range
10th Aug 2010 07:41
Paper and packaging group Mondi delivered on its end-July promise to announce a sharp increase in interim operating profit. Underlying operating profit in the first half of 2010 jumped 61% to €222m from €138m the year before on group revenue that rose 16% to €3,033m from €2,614m. Underlying profit
Read moreMARKET TALK: Morgan Stanley Raises UPM-Kymmene Target Price
2nd Aug 2010 07:49
0649 GMT [Dow Jones] Morgan Stanley raises UPM-Kymmene (UPM1V.HE) target to EUR12.90 from EUR12.10 and retains overweight rating. "It has the highest exposure to graphic paper and we expect at least some of the announced fine paper price increases to stick with industry operating rates above 90% a
Read moreLondon close: Footsie left behind
30th Jul 2010 16:34
Footsie was the sick man of Europe at trading's close as it failed to sustain a recovery that followed a downward turn sparked by disappointing US economic data. US gross domestic product (GDP) data for the second quarter was disappointing. Inflation adjusted and seasonally adjusted gross domestic
Read moreLondon afternoon: Shares knocked by US GDP
30th Jul 2010 13:59
The Footsie hit new lows in the aftermath of disappointing US gross domestic product (GDP) data for the second quarter. Inflation adjusted and seasonally adjusted gross domestic product rose at an annualised rate of 2.4% in the second quarter, a significant slow-down from the 3.7% annualised gain in
Read moreLondon midday: Stocks off the bottom
30th Jul 2010 12:12
Leading shares entered the lunch time trading session with a bit of momentum, with the FTSE index coming off its lowest levels of the day in the last half hour of the morning. Investors are turning to utilities after EDF sold its UK electricity grid operation to a consortium headed by Hong Kong bi
Read moreLondon open: Blue chips slip lower
30th Jul 2010 08:31
London's top stocks have opened lower with the focus on the latest earnings reports and GDP data due out in the US later today. Ash clouds from Iceland and strike action caused losses to grow at British Airways during a tough first quarter, although the airline still expects to break-even for the y
Read moreMondi to make big profit
30th Jul 2010 07:36
Paper and packaging group Mondi confirmed underlying operating profit for the first half of 2010 will be considerably higher than last year. The firm now expects underlying earnings per share in the six months to June to be in a range of 17c to 22c up from 8.3c this time last year. Last year, Mond
Read moreLondon pre-open: Earnings and US GDP in focus
30th Jul 2010 07:34
London's top stocks look set for a 25 point drop with investors likely to focus on the latest earnings reports and GDP data due out in the States later today. Ash clouds from Iceland and strike action caused losses to grow at British Airways during a tough first quarter, although the airline still
Read moreMondi Sees 1H Operating profit Well Above Last Year
30th Jul 2010 07:27
LONDON (Dow Jones)--Mondi Limited (MNDI.LN) said Friday underlying operating profit for the first half of 2010 is expected to be considerably higher than that of the comparable period in the prior year. MAIN FACTS: -Sees basic headline half year earnings per share to be within 22 Euro cents
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