FTSE 250 movers: Northgate slips after admitting error
21st Sep 2009 11:31
Shares in van hire group Northgate are the worst performing in the FTSE 250 after it said it had overstated its debt reduction in its interim results last week. Net debts fell by £173m to £713m over the four months to August 31, not £205m to £681m as stated last week. Wellstream, which designs an
Read moreThursday tips round-up: Weir, Hilton Food, De La Rue
17th Sep 2009 06:11
Capital expenditure by miners shows signs of picking up, leaving Weir's onshore US gas activities as its biggest weakness. But at 678p, down 20p, or 15 times next year's earnings, this is no time to sell out. A solid hold, according to the Times. Hilton Food's shares are trading on a December 2009
Read moreLondon close: Footsie nears 52-week high
16th Sep 2009 17:03
London raced ahead today, with the FTSE 100 crashing through the 5100 barrier near to a 12-month high, though it stopped short of racking up a triple-digit rise. Mining stocks were responsible for a large proportion of the index's rise as metals prices headed north following comments from Federal
Read moreLondon afternoon: Footsie consolidates gains
16th Sep 2009 14:30
The number of FTSE 100 constituents in the red today is in single figures as investors chase up share prices in the wake of relatively upbeat comments from Federal Reserve Chairman Ben Bernanke last night. Bernanke said the US recession 'is very likely over at this point,' prompting an advance by gl
Read moreLondon midday: Footsie breaks through 5100
16th Sep 2009 11:58
Leading shares rose steadily throughout the morning session pushing the FTSE 100 index through the 5100 barrier. Mining stocks are responsible for much of the rise as metals prices head north after Federal Reserve Chairman Ben Bernanke said the US recession 'is very likely over at this point' in a s
Read moreNorthgate sells vans to improve utilisation rates
16th Sep 2009 07:57
Van hire group Northgate has reported higher utilisation rates in the UK and Spain after cutting fleet sizes. In the UK, the rate over the period between May 1 and September 15 averaged 91%, compared with 88% in the year to April 30. The fleet size fell to 60,100 vehicles from 62,900 during the 4½
Read moreSmall caps round-up: Andor, Birmingham City, Bowleven...
12th Aug 2009 12:49
Shares in Andor Technology climbed after the digital camera manufacturer said it expects revenues and profits for the full year to exceed expectations. Shares in Birmingham City climbed by 10% after the football club confirmed it has received an approach from Grandtop, the company owned by Hong Kon
Read moreSmall caps round-up: ServicePower, Arc International, Puricore...
5th Aug 2009 12:36
Field engineer software specialist ServicePower said it recently received an expression of interest from a potential suitor, which was below the price it would recommend the offer. "The expression of interest was at a value deemed below that at which the Board would consider recommending to share
Read moreLondon close: Footsie falls for fourth week
10th Jul 2009 17:04
London's blue-chip index fell for the fourth week in succession, with insurance and resource stocks the major fallers today. Aviva was the biggest casualty as fears resurfaced about the future of the company's dividend but its fellow life assurance stocks Prudential, Standard Life, Legal & General
Read moreNorthgate unveils fund raising
10th Jul 2009 16:46
Van and car rental business Northgate has finalised the details of the fund raising that was a condition of the renegotiation of its banking facilities. The company is to raise £30m through the issue of 50m shares at 60p per share, and £84.4m through a 10 for 1 fully underwritten rights issue of 1,
Read moreSmall caps round-up: Elementis, Sportswinbet, Northgate ...
26th Jun 2009 13:16
Chemicals firm Elementis said trading patterns for the second quarter of the year appear to have stabilized, following the significant drop in sales volume at the end of last year. "It is anticipated that Specialty Products, Chromium and the Group will have a positive operating profit for the first
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