London close: Last-minute Greek proposal fails to lift stocks, FTSE plunges 1.5%
30th Jun 2015 16:41
A last-minute request from Greek prime minister Alexis Tsipras for a new bailout programme failed to inspire gains on London's stock market as the heavyweight mining sector bore the brunt of a reduction in risk appetite. A sell-off on the base metals market was weighing heavily on mining stocks, pus
Read moreFTSE 250 movers: Home Retail group surges on upgrade, miners lower
30th Jun 2015 13:07
Mid-caps continued to decline on Tuesday, as gains made in the real estate sector were offset by weakness from telecommunications, technology and mining stocks. As of 15:30 BST, the FTSE 250 was trading 0.3% lower at 17,586. Home Retail Group topped the risers after Morgan Stanley upgraded the stoc
Read moreLondon midday: Stocks pare losses as investors hope for last-minute Greek deal
30th Jun 2015 11:05
UK stocks were trading in the red again on Tuesday, but had bounced off their lows by lunchtime as investors digested the latest news flow from Greece. The FTSE 100 was trading 0.6% lower at 6,583.15 by midday, having bounced off an intraday low of 6,540.52 early on. The index has not closed below t
Read moreLondon open: FTSE drops to January lows on Grexit fears
30th Jun 2015 08:48
UK stocks were trading at levels not seen since the start of the year on Tuesday morning as fears about a Greek exit from the Eurozone intensified. With Greece's current bailout set to expire on the same day that Athens faces a debt repayment to the IMF, investors were once again scaling back their
Read moreNorthgate beats forecasts but investors cautious over depreciation unwinding
30th Jun 2015 08:46
Shares in commercial vehicle hire group Northgate slid 7% on Tuesday morning despite preliminary results that came in ahead of market expectations. Investor caution was due to currency headwinds and the future unwinding of vehicle depreciation charges over the next three years. On revenues up 7% to
Read moreFTSE 250 movers: Energy stocks rebound after OPEC decision fall-out
2nd Dec 2014 14:30
Energy companies rebounded on to the risers list on Tuesday after dropping substantially in the fallout from OPEC's decision to maintain the rate of oil production last week, which caused the price of crude to drop to its lowest in more than four and a half years. Afren rose after declining on Monda
Read moreBroker tips: Vodafone, Aviva, Northgate
2nd Dec 2014 11:41
Following reports the Vodafone (VOD) is exploring a possible combination with Liberty Global, UBS has said the UK telecoms group may have to wait until its shares rise before undertaking such a sizeable deal. "Near-term, we think the focus for VOD is on driving organic growth, integrating recent acq
Read moreNorthgate shares jump after strong H1 growth, dividend hike
2nd Dec 2014 08:09
Interim results from Northgate were well-received by the market on Tuesday as the vehicle hire group hiked its dividend by over a third and said that trading since the half-year has been "slightly ahead" of expectations. Northgate, which specialises in light commercial vehicle rentals in the UK and
Read moreVehicle hire group Northgate sees Q1 growth across UK and Spain
18th Sep 2014 12:34
Commercial vehicle hire group Northgate said that the business is trading in line with expectations with the average number of vehicles on hire up 10% year-on-year in the first quarter at both its UK and Spanish operations. In the UK, which accounts for around two-thirds of profits, vehicles on hire
Read moreLiontrust CEO offloads a further £1.15m of shares
8th Aug 2014 15:48
The chief executive of Liontrust, John Ions, made nearly £1.2m from offloading shares in the asset management firm, the company revealed on Friday. Ions, who joined Liontrust's board in May 2010, sold 500,000 shares at 230p a pop, making £1.15m. This follows the exercise of share options and subse
Read moreFTSE 250 movers: Northgate rises on return to the black
25th Jun 2014 15:48
Commercial vehicle hire group Northgate turned a corner back into the black after underlying business returned to growth in the UK and Spain, prompting a decent rise in the share price. The company increased the number of vehicles on hire over the year, partly driven by the opening of seven new si
Read moreNorthgate hits numbers as growth drivers return
25th Jun 2014 07:41
- Results in line, as UK slightly behind and Spain ahead - Good momentum going into new financial year - Progressive dividend policy affirmed - Depreciation policy to change, benefiting profits Commercial vehicle hire group Northgate turned a corner back into the black after underlying business ret
Read moreSunday share tips: Debenhams, Johnston Press, Carpetright
22nd Jun 2014 14:13
Steer clear of shares in Debenhams, Questor advised in the Sunday Telegraph. There was no repeat of the December 31st profit warning when the department store group published its trading statement on June 20th. Trading was in line with expectations. But Debenhams has damaged its brand by repeatedly
Read moreFTSE 250 movers: Restaurant group rises on broker rating
20th Jun 2014 14:33
Restaurant Group was lifted by an upgrade in its rating from Westhouse Securities, which now recommends buying the stock. African Barrick Gold and Centamin were rising strongly after gold prices hit a two-month high yesterday. Engineering group James Fisher was higher on the news it has bought mo
Read moreNorthgate completes refinancing
13th Jun 2014 08:17
Northgate said it has completed its refinancing to boost the light commercial vehicle hire company's balance sheet. The group has boosted its multi-bank facility by £113m to £534m and the maturity has been extended by one year to June 30th 2018. "The amended facility reflects the improved strengt
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