London open: Lloyds gives market a boost
5th Aug 2009 08:39
Footsie has shrugged off a host of ex-dividends to move gently ahead with Lloyds and British Airways leading the way. Lloyds Banking posted an underlying loss of £4bn in the half year to June as impairment charges jumped by nearly £11bn to £13.4bn reflecting huge write-downs of HBOS's commercial pr
Read moreDemand slump sinks Mondi
5th Aug 2009 07:58
Paper and packaging group Mondi fell into losses in the first half of the year as the global economic downturn hit demand for its products. In the six months to June, the company saw reported pre-tax losses of €1m, compared with €171m over the same period the previous year as revenue fell to €2.6bn
Read moreLondon close: Footsie ends winning streak
28th Jul 2009 16:33
Footsie looked set to continue its 11-day winning streak but soon started a steady downward slide that saw it close sharply in the red. Software giant Sage led Footsie higher in early dealings, staging a relief rally on results that were in line with market expectations though it warned that market
Read moreLondon afternoon: Slide accelerates
28th Jul 2009 14:19
With wall Street expected to open lower, London moved further into the red over the lunchtime session, leaving the Footsie a sizeable deficit to make up if it is to set a new record for consecutive days of rises. Software giant Sage is doing its bit for Footsie, staging a relief rally on results th
Read moreLondon midday: Miners threaten Footsie streak
28th Jul 2009 12:14
If the Footsie is to rise for a record breaking 12th day in succession it looks like it is going to do so without the assistance of the mining stocks which are in retreat today. Software giant Sage is doing its bit for Footsie, staging a relief rally on results that were in line with market expect
Read moreLondon open: Footsie on course for record
28th Jul 2009 08:33
All eyes today will be on Footsie and whether it can set a new record of twelve consecutive daily gains. Currently, it is comfortably on course despite some mixed results on another big day for company announcements. Oil giant BP announced second quarter replacement cost profits towards the top e
Read moreMondi quarter operating profit in line
28th Jul 2009 07:49
Paper and packaging firm Mondi confirmed underlying opening profit for the second quarter of 2009 will be similar to the first quarter and said it had been further impacted by a special item charge of €80m in the half. The group expects underlying earnings per share for the first half to be 5 to 1
Read moreAnglo American confirms Parker as chairman
10th Jul 2009 07:13
Anglo American has confirmed the appointment of Sir John Parker as chairman from the end of the month succeeding Sir Mark Moody-Stuart who is to retire after seven years as chairman. Sir John is chairman of National Grid and is also joint chairman of the Mondi Group and a former chair of the Court
Read moreSir Michael Lyons lifts Mouchel stake
6th Jul 2009 16:59
Sir Michael Lyons, who sits on the board of road and infrastructure support group Mouchel, has bought more than 6,000 shares in the company. On a generally quiet day on the director deals front, Sir Michael, who is also chairman of the BBC Trust, paid about £1.65 for each share and now has 15,760.
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