London afternoon: Footsie remains range-bound
14th May 2009 14:39
The FTSE 100 continues to trade within a narrow range, unable to move outside the 4,320 to 4,340 corridor since mid-morning. Though there has been a flood of company results, the mixed reaction to these is representative of the market's indecision today. The market was braced for bad news from BT b
Read moreLondon midday: Shares tread water
14th May 2009 11:54
It is back to square one for London's blue-chips, with gains on banks and miners cancelled out by losses on oils and telecoms giant BT. Banks suffered some profit taking earlier in the week but are bouncing back, helped by a research note on the sector from Morgan Stanley. The US investment bank ha
Read moreLondon open: BT in focus
14th May 2009 08:19
London's blue chips have opened lower with telecoms giant BT among the main fallers early on. BT suffered a 40% slump in pre-tax profit during the four quarter, forcing the firm to slash its dividend and announce plans to axe another 15,000 jobs. Fourth quarter pre-tax profit plunged to £429m from
Read moreNational Grid profit down 3%, positive outlook
14th May 2009 07:45
Power provider National Grid reported a 3% drop in full-year pre-tax profit but said it has made a good start to the new year. Profit before tax fell to £1,770m in the year ended 31 March compared with £1,829m the previously, while operating profit increased by 12% to £2,915m. The group also upped
Read more