London close: Footsie keeps lead
26th Apr 2010 16:34
Stocks built on Friday's gains as investors piled into miners and high street banks, although the leading index finished toward the bottom of the session's range. An increase in metal prices proved attractive, with Chile-focused copper giant Antofagasta the pick of the bunch. Kazakhmys was also wa
Read moreLondon afternoon: RBS shakes off 'sell' note
26th Apr 2010 14:11
The Footsie moved sideways over the lunch time session, with the blue chip index remaining buoyed by the strength of miners and banks. Kazakhmys is wanted after it sold a 49% stake in its copper project Aktogay to Chinese company Jinchuan Group for $120m. Kazakhmys said the estimated development c
Read moreLondon midday: Footsie stays strong
26th Apr 2010 12:19
Strength in the mining sector on the back of higher metals prices has given Footsie a lift. Xstrata, Antofagasta and ENRC are going well while Kazakhmys is also wanted after it sold a 49% stake in its copper project Aktogay to Chinese company Jinchuan Group for $120m. Kazakhmys said the estimated
Read moreLondon open: Miners lift Footsie
26th Apr 2010 08:25
Mining stocks give London an early boost as metal prices make headway while a batch of upbeat trading statements has also boosted sentiment. Xstrata, Antofagasta and ENRC are the top risers in the mining sector while Kazakhmys is also wanted after it sold a 49% stake in its copper project Aktogay
Read moreVolcano disruption cost John Menzies £2.5m
26th Apr 2010 07:41
The disruption caused by the closure of airspace due to the volcanic could that enveloped Europe cost John Menzies about £2.5m, the aviation and newspaper distribution group estimates. Trading is in line with expectations overall though, the group says, with the aviation division having benefited f
Read moreLiontrust executives buy following trading update
25th Mar 2010 16:54
Liontrust Asset Management's two executive directors have added to their shareholdings following the release of a trading statement for the year to March 2010. Chief executive Nigel Legge and chief operating officer and finance director Vinay Abrol each bought 180,039 shares at 105p a share. Legge
Read moreBroker tips: Tullow, John Menzies, JD Wetherspoon
11th Mar 2010 12:53
Patience is a virtue, points out Morgan Stanley as it keeps its 'overweight' rating and 1,500p target price on oil explorer Tullow. The broker said that in April, Tullow should provide investors with some clarity in on the recent purchase of some Uganda assets. Tullow Oil said in January that i
Read moreBroker snap: John Menzies due re-rating
11th Mar 2010 11:24
Aviation and newspaper distributor John Menzies should be re-rated after getting debt to more acceptable levels and re-introducing the dividend, says JP Morgan. Tuesday's results revealed a "resilient" performance from the distribution operations, while like for like (LFL) trading at the aviation b
Read moreLondon close: Late rally limits losses
9th Mar 2010 16:36
A strong early performance from US shares helped Footsie recover from earlier weakness to close only slightly lower on a U-shaped day for the leading share index. Sentiment had earlier been dented by weak economic news. Data from the Office for National Statistics showed the UK's deficit on trade i
Read moreLondon afternoon: Footsie meanders in the red
9th Mar 2010 14:18
Disappointing UK trade figures knocked Footsie early with little help likely from the US as futures point to a weak start on Wall Street. Data from the Office for National Statistics showed the UK's deficit on trade in goods widened to £7.99bn from £7.01bn the previous month, about £1bn more than
Read moreLondon midday:Trade figures derail rally
9th Mar 2010 12:05
Disappointing trade figures announced at 9:30 nipped an attempted rally in the bud and shares spent the rest of the morning in retreat. Data from the Office for National Statistics showed the UK's deficit on trade in goods widened to £7.99bn from £7.01bn the previous month, about £1bn more than ec
Read moreLondon open: Quiet opening for Footsie
9th Mar 2010 08:37
London has opened quietly with buyers content to watch the stream of results from FTSE 350 stalwarts. Shopping centre owner Liberty International is to split into two separate listed businesses, Capital Shopping Centres and Capital & Counties through a demerger. Satellite communications service pr
Read moreJohn Menzies doubles profit, brings back divi
9th Mar 2010 08:22
Aviation and newspaper distribution group John Menzies said pre-tax profit more than doubled after it cut costs won new contracts. For the year ended 31 December 2009 pre-tax profit bounced to £22.0m from £9.9m the year before. Revenue for the period rose 3.5% to £1.72bn. Net debt reduced by £50.3m
Read moreLondon close: More gains for FTSE 100
6th Jan 2010 16:34
It was another day of gains for the FTSE 100 after the leading share index hauled itself into the blue in afternoon trading. Marks & Spencer was among the stocks dragging Footsie lower and finished firmly in the red. It was not the numbers from the fashion and food retailer that upset the market s
Read moreLondon afternoon: Leading shares mixed
6th Jan 2010 13:50
The list of Footsie constituents is now almost evenly split between risers and fallers but the blue-chip index remains in negative territory, weighed down by Marks & Spencer, which remains out of favour after a disappointing trading update. It was not the numbers from Marks & Spencer that upset th
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