London afternoon: Stocks steady at higher levels
24th Feb 2010 14:12
London has moved into consolidation mode in the afternoon session, ahead of a moderately firmer opening on Wall Street. HSBC remains the top performer as reports circulate that the company is preparing to sell its train leasing business for around £2bn. Sentiment towards the bank is also sweetened
Read moreLondon midday: HSBC rolls higher on train sale rumours
24th Feb 2010 12:04
Banks are leading the market's advance today, more than offsetting weakness among miners. HSBC was the morning's top performer as reports circulate that the company is preparing to sell its train leasing business for around £2bn. Sentiment towards the bank is also sweetened by reports that the boar
Read moreSunday tips round-up: Balfour Beatty, Autonomy, Carillion
17th Jan 2010 11:25
Balfour Beatty shares have underperformed since their recommendation, as the market fretted about what effect future cuts in UK public expenditure would have on its business. The shares were first tipped by the Telegraph on January 25 last year and Questor recommended taking up your rights to fund
Read moreLondon close: Footsie ends weakly
19th Nov 2009 16:46
Footsie turned sharply lower at the close after a very poor start on Wall Street with the Dow down by more than 150 points in the first few hours. Miners bore the brunt of the selling with Antofagasta, Anglo American, Xstrata, Randgold Resources, Rio Tinto and Vedanta all lower. Platinum refiner J
Read moreLondon afternoon: Footsie stuck in the red
19th Nov 2009 14:06
Footsie is bumbling along close to its low for the day ahead of what is expected to be a weak start on Wall Street. Futures point to falls of anything between 50-70 points for the Dow when US trading starts, with weak metal prices likely to be a key theme. Here, lower metals have already hit the
Read moreLondon noon: Miners drag Footsie down
19th Nov 2009 12:00
Barely a fifth of the FTSE 100 constituents are in positive territory, but the fall on the blue-chip index is still modest, given the weakness of miners. With metals prices softening, the likes of Antofagasta, Anglo American, Xstrata, Randgold Resources, Rio Tinto and Vedanta are on the slide, as i
Read moreLondon open: Miners lead Footsie lower
19th Nov 2009 08:19
Miners are leading London's top stocks lower in early dealings on Thursday, while investors also have a stream of company updates to consider. Nine out of the ten worst performers are miners. Fresnillo, Xstrata, Antofagasta, Rio Tinto, Anglo American, Vedanta Resources, Eurasian Natural Resources,
Read moreMelrose trading 'marginally' ahead of expectation
19th Nov 2009 08:10
Melrose said current trading is marginally ahead of management expectations for 2009 as the engineering conglomerate benefited from being exposed to different product sectors and geographical areas. The group said it has seen demand stabilising in its European and North American markets and picking
Read moreFTSE 250 movers: National Express still on a roll
1st Sep 2009 11:11
National Express continues its upward march after rejecting on Friday the improved 450p per share offer from a consortium led by its main shareholder, saying that it undervalued the group and its prospects. Engineering conglomerate Melrose is going well after the broker Panmure Gordon raised its ta
Read moreLondon close: Comfortable gains posted
28th Aug 2009 16:40
London's benchmark index finished the day with decent gains, though off earlier highs, with banks and miners proving the catalyst. Lloyds was the major riser on rumours that it is considering alternatives to the government's toxic asset protection scheme (APS), which could include the sale of Scot
Read moreLondon afternoon: Shares aim higher
28th Aug 2009 14:27
London's blue chips have added to gains in afternoon trading ahead of what is expected to be a rosy start on Wall Street. US stocks are seen posting good gains after Intel hiked its third-quarter revenue outlook just before the open. Kazakhmys, Xstrata, Rio Tinto, Antofagasta, Randgold Resources,
Read moreLondon midday: Miners keep Footsie ahead
28th Aug 2009 11:33
Miners and financials are giving the markets a cheer before the extended weekend break. Kazakhmys, Xstrata, Rio Tinto, Antofagasta, Randgold Resources, Anglo American and Vedanta Resources are all amongst the major risers. Lloyds is amongst the risers on rumours that it is considering alternative
Read moreFTSE 250 movers: Restaurant Group leads risers
28th Aug 2009 11:05
Restaurant Group is leading the FTSE 250 risers as cost control measures and a refusal to slash prices helped the company behind the Frankie & Bennie's and Chiquito chains to post a rise in profits for the first half of the year despite falling sales at its restaurants. Pre-tax profits climbed to
Read moreMelrose sells baggage handler for €30m
24th Aug 2009 08:14
Engineering conglomerate Melrose is to sell its airport baggage handling system operator Crisplant to distribution systems group Beumer for €30m as it continues cutting debt. According to Melrose, Crisplant, which will be sold in the next three weeks, made an operating profit before exceptional cos
Read moreLondon close: Weak US drags down Footsie
11th Aug 2009 16:32
Footsie finished the day firmly in the red despite a bright start as banks weighed on the leading share index and a poor start in the US compounded earlier losses. While there was little US company news, stocks were hit by analyst downgrades on companies such as Yum Brands, which owns fast food cha
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