London midday: Footsie trades sideways
7th Oct 2009 12:06
Footsie has traded sideways all morning with traders cautious after yesterday's surge in share and commodity prices. Predictions of a quiet start on Wall Street have added to the low key mood. Supermarket Sainsbury's is off a few points after a 4.6% rise in like-for-like sales excluding fuel in the
Read moreLondon close: Stocks finish down
2nd Oct 2009 16:33
London's leading shares closed in the red but were off earlier lows as the US recovered somewhat after a poor start. A weaker than expected jobs report had pushed US stocks deep in the red, though by midday the markets had retraced some of the losses. Over here, there was good news for home owners
Read moreLondon afternoon: US jobs data sinks Footsie
2nd Oct 2009 14:05
Footsie has tumbled further below the 5,000 level after a disappointing read on the monthly US jobs numbers. US non-farm payrolls fell a worse than expected 263,000 in September, up from a downwardly revised 201,000 the month before, and compared with the 180,000 expected by economists. The unemp
Read moreBroker tips: Supermarkets, Inchcape, Dunelm
2nd Oct 2009 13:14
Food price deflation is about to put a dent in the earnings of the major UK supermarkets if the experience of their US counterparts is anything to go by, reckons Citigroup. The US bank has slapped sell recommendations on Tesco, Sainsbury and Morrisons. Citi said high hopes at the beginning of the y
Read moreBroker snap: Supermarkets to be hit by food price deflation
2nd Oct 2009 12:51
Food price deflation is about to put a dent in the earnings of the major UK supermarkets if the experience of their US counterparts is anything to go by, reckons Citigroup. The US bank has slapped sell recommendations on Tesco, Sainsbury and Morrisons. Citi said high hopes at the beginning of the y
Read moreLondon midday: Equities nervously lower
2nd Oct 2009 12:05
The Footsie dipped below the 5,000 level this morning as it followed Wall Street lower in the wake of patchy US economic data yesterday. Over here, there was good news for home owners as UK house prices rose for the fifth month in a row in September, according to the Nationwide Building Society. Th
Read moreLondon close: Shares end up but down from highs
22nd Sep 2009 16:39
London's leading shares finished with slight gains but were well below earlier highs as miners eased back slightly. Eurasian Natural Resources, Lonmin, Xstrata and Vedanta Resources still posted healthy gains, while precious metals miners Fresnillo and Randgold Resources were also on the climb. R
Read moreLondon afternoon: Shares off the top
22nd Sep 2009 14:07
Shares drifted lower over the lunchtime session but are still up on the day, helped in no small part by the strength of miners, which are rising in line with firmer metals prices. Rio Tinto is wanted after it sold off another chunk of Alcan. The heavily indebted miner sold Alcan Composites, part of
Read moreThursday preview: Morrisons, Kesa, Redrow
9th Sep 2009 15:45
Supermarket chain Wm. Morrison may be number four in the UK in terms of turnover but it has been catching up fast since recovering from a bout of indigestion caused by the Safeway takeover. Thursday's interim results are expected to show pre-tax profits of around £360m - £366m, up from £309m a year
Read moreLondon close: US surge extends Footsie's winning streak
23rd Jul 2009 16:32
Footsie's winning streak extended to nine days as US markets surged ahead on better than expected June home sales and forecast-busting results from a number of US household names. Trading had been quiet up until mid-afternoon, but as soon as the US markets started to pick up buyers returned in earn
Read moreLondon afternoon: Footsie regains 4,500
23rd Jul 2009 13:46
The Footsie's eight day winning streak looks set to become nine days as the blue chip index hit 4,500 again amid more gains for US stocks. On the positive side, miners Fresnillo, Kazakhmys, Vedanta Resources, Rio Tinto, BHP Billiton, ENRC, Xstrata and Lonmin are all among the top ten risers on hope
Read moreLondon midday: OfWat report dilutes equity strength
23rd Jul 2009 11:54
The Footsie's eight day winning streak is in danger of coming to an end today as utility companies weigh down the blue-chip index after water regulator Ofwat outlined proposals for lower water bills. The water regulator's draft proposals would see the average annual water bill fall by £14 to £330 b
Read moreLondon open: Water groups fall
23rd Jul 2009 08:17
London's top stocks have opened slightly lower, with utilities among the main fallers after Ofwat called for lower water bills. The water regulator outlined proposals that would see the average water bill fall by £14 to £330 before inflation between 2010 and 2015. United Utilities is leading the fa
Read moreOFT issues supplementary dairy price collusion report
23rd Jul 2009 07:57
The Office of Fair Trading (OFT) has issued a supplementary statement of objections in relation to its investigation into dairy prices. The supplementary statement provides additional support to the OFT's provisional finding that a number of parties colluded to increase the retail prices of various
Read moreLondon close: Rally continues
21st Jul 2009 16:44
Footsie finished just shy of the 4,500 mark after another day of gains as the rally continues. Wm Morrison led the way after saying it is confident full year results will be ahead of its earlier expectations due to continuing customer growth and the successful implementation of its cost cutting pla
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