Mondi encouraged by recent trends
23rd Feb 2010 07:32
Paper and packaging group Mondi reported lower profits for 2009 but took heart from a revival in trading conditions in Europe in the final quarter. Underlying profit before tax in 2009 slipped to £182m from £284m in 2008 on revenue that dipped 17% to £5,257m from £6,345m the year before. Earnings
Read moreTaylor Wimpey chairman Askew to leave in 2010
4th Dec 2009 07:18
Taylor Wimpey's chairman Norman Askew has said he will leave the board of the housebuilder by the end of December 2010. Askew, also chairman of engineer, IMI, has been chairman of Taylor Woodrow since July 2003 and continued his role when the company merged with Wimpey in July 2007. A process to r
Read moreCroda chief doubles his money
3rd Nov 2009 16:18
Croda International chief executive Michael Humphrey has taken up 109,300 shares via the senior executive option scheme and then sold most of them at nearly three times the price. The options were exercised at 256p a share, so the total cost was £280,000. The sale of 80,473 shares at 747.71p each
Read moreDebenhams finance chief sells
29th Oct 2009 16:41
Debenhams finance director Christopher Woodhouse has sold £7.24m worth of shares in the department stores operator. The share sales took place between 22 and 28 October. Woodhouse is left with 3.15m shares, which are equivalent to 0.24% of Debenhams. The previous trading activity in the shares was
Read moreBurton sells as Matra starts drilling
27th Oct 2009 17:04
Non-executive director Craig Burton has sold 3m shares in Matra Petroleum at an average price of 4.16p a share but he still holds 45.2m shares - 4.53% of the Russia-focused oil and gas explorer. This follows last Friday's disposal of 18m shares by Macquarie Bank, which retains a 11.02% stake in Ma
Read moreLondon close: Footsie clings on
27th Oct 2009 16:47
Footsie managed to close with gains despite spending some of the day in the red, with oil giant BP leading the risers. BP climbed after it kicked off the oil majors results season with third quarter figures that showed a smaller than feared drop in profits. Profit attributable to shareholders came
Read moreLondon afternoon: London jolted by US consumer confidence data
27th Oct 2009 14:35
An unexpected fall in US consumer confidence in October has had a knock-on effect back in Blighty, with the FTSE 100 relinquishing most of the gains amassed during the morning. Household goods group Reckitt Benckiser shrugged off the recession during the third quarter, reporting a big jump in profi
Read moreLondon midday: Oil fuelled advance
27th Oct 2009 12:14
Better than expected results from BP have given the market a lift but banking shares have declined to join the party. Index heavyweight BP kicked off the oil majors results season with third quarter figures that showed a smaller than feared drop in profits. Profit attributable to shareholders came
Read moreLondon open: BP heads advance
27th Oct 2009 08:35
BP has helped investors get over last night's three-figure dive on Wall Street, leading London higher in early deals. Index heavyweight BP kicked off the oil majors results season with third quarter figures that showed a smaller than feared drop in profits. Profit attributable to shareholders came
Read moreLondon pre-open: Modest rise seen for Footsie
27th Oct 2009 07:40
London is refusing to dance to Wall Street's tune and looks set to open higher, despite the triple digit fall on the Dow yesterday. Index heavyweight BP kicked off the oil majors results season with third quarter figures that showed a smaller than feared drop in profits. Profit attributable to shar
Read moreWeaker prices hit Mondi profits
27th Oct 2009 07:15
Profits fell at paper and packaging firm Mondi during the third quarter, with a recovery in volumes offset by lower average selling prices. Third quarter underlying operating profit was "modestly" lower than the previous three-month period, but the firm said it is beginning to feel the benefits of
Read moreLondon close: Stocks pushed lower
5th Aug 2009 17:00
London's top stocks finished in the red as a poor start in the US and ex-dividends eventually ate into the early gains. US shares made a dull start on worse than expected job losses in July according to the private firm ADP. It said 371,000 people were laid-off compared to estimates of 350,000. L
Read moreLondon afternoon: Blue chips hang onto gains
5th Aug 2009 14:27
Footsie is holding its own in the afternoon session with Lloyds soaring despite a massive interim loss. US shares have made a dull start on worse than expected job losses in July according to the private firm ADP. It said 371,000 people were laid-off compared to estimates of 350,000. The survey is
Read moreLondon midday: Lloyds pulls Footsie higher
5th Aug 2009 11:24
Footsie is in the blue now as financials push ahead again on the back of Lloyds Banking, which is motoring forward. Lloyds Banking shares are up over 13% as investors bet that the worst of the bad debts that caused an underlying loss of £4bn in the half year to June are passed. Impairment charges
Read moreSector movers: Ferrexpo optimism cheers industrial metals
5th Aug 2009 10:18
The industrial metals sector is higher after Ukrainian iron ore pellet producer Ferrexpo saw profits slide 82% in the half of the year as commodity prices tumbled, but said it was seeing signs of normalisation in the market with spot prices for iron ore increasing. It posted a pre-tax profit of £28
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