Thursday newspaper round-up: RBS, Chinese banks, Marks&Spencer
17th Oct 2013 06:44
The Treasury has asked advisory firms for "creative ideas" over Royal Bank of Scotland that could enable the Chancellor to start selling shares in the bank next year. The thinking is that radical action, such as selling Citizens, the bank's American business, would make it easier to sell the taxpaye
Read moreLondon close: FTSE 100 at three-month low as IMF cuts global outlook
8th Oct 2013 16:39
Disappointing economic data and the ongoing US government shutdown sparked a sell-off on London's FTSE 100 on Tuesday, with the index falling to levels not seen in over three months. Meanwhile, as the budget impasse continues in Washington, the International Monetary Fund (IMF) today cut its outloo
Read moreFTSE 250 movers: Telecom Plus surges after strong first half
8th Oct 2013 15:54
The share price of Telecom Plus surged on Tuesday afternoon after the utility services company reported that growth accelerated strongly in the first half. The firm said that customer numbers jumped by 50 per cent in the six months to September 30th, as it guided to a record full-year performance. F
Read moreFTSE 250 movers: Euromoney rises on strong fourth quarter
24th Sep 2013 16:03
Continued growth in the US, and a return to growth for advertising revenues and acquisitions enabled publisher Euromoney Institutional Investor to issue a strong trading update for the fourth quarter. With improved year-on-year performance in the fourth quarter, the group said it expected to annou
Read moreFTSE 250 movers: African Barrick Gold rises on appointment of CFO
19th Sep 2013 14:57
African Barrick Gold led the risers on the news it has appointed a new Chief Financial Officer, Andrew Wray, who originally joined the company as Head of Corporate Development and Investor Relations in 2010. He will retain his existing responsibilities in addition to those of his new role. Jaco Mari
Read moreLondon close: Stocks sink into the red ahead of FOMC outcome
18th Sep 2013 16:23
After a range-bound morning session, markets sunk into the red on Wednesday afternoon as investors reduced their appetite for risk ahead of the Federal Reserve policy decision later this evening. The FTSE 100 closed 11.35 points lower at 6,558.82, the index's second day in negative territory after
Read moreFTSE 250 movers: Imagination Technologies rises on confident outlook
18th Sep 2013 15:35
Imagination Technologies continued to rise one day after reporting a confident outlook on the basis of royalty growth and steady licensing. Ocado shares continued their recent rise, which analysts at the Motley Fool website attributed to "good momentum" after recent struggles and its deal with sup
Read moreFTSE 250 movers: Dialight dives on profit warning
12th Sep 2013 14:26
Delays in the signing of large contracts has forced industrial lighting group Dialight to warn that profits will be flat for the full year, causing shares to drop sharply, pushing the stock into the bottom spot on the second tier index. Kentz was also a heavy faller after AMEC said it would not
Read moreOcado cash pile grows as Morrisons deal makes headway - UPDATE
12th Sep 2013 07:09
More and larger online supermarket orders have helped Ocado to grow sales in the third quarter, as it made progress towards launching its partnership with Morrisons in early 2014. The FTSE 250 online grocery group grew gross sales 16.4% to £189.2m, helping it to increase cash levels by 81% to £114
Read moreMorrison's half-year profits fell on nearly flat sales - UPDATE
12th Sep 2013 07:06
Morrison Supermarkets reported a 21.8 per cent drop in pre-tax profit for the six months to August 4th, blaming a challenging market. The outfit, however, does expect sales to improve in the second half. Profit before tax fell to £344m from £440m as total turnover was nearly flat at £8.938bn, versu
Read moreFTSE 250 movers: Ocado, Bumi, bwin.party, Evraz
30th Aug 2013 14:31
Ocado Group rallied as analysts pointed out the online grocer's strong performance since signing a deal with Morrisons to help the supermarket launch its shopping website. Bumi bounced back after reporting a loss on Thursday following news it was planning to change its name to Asia Resource Mineral
Read moreOcado co-founder, Dignity CEO trim stakes in companies
2nd Aug 2013 16:00
Ocado's co-founder Jason Gissing has sold more than three million pounds worth of shares. It is the first time he has sold shares since the online grocer floated in July 2010 and follows a meteoric climb in the share price this year. The family trust that holds his shareholding for him sold 1.07
Read moreOcado co-founder cuts his shareholding
2nd Aug 2013 12:14
Ocado's co-founder Jason Gissing has sold more than three million pounds worth of shares. It is the first time he has sold shares since the online grocer floated in July 2010 and follows a meteoric climb in the share price this year. The family trust that holds his shareholding for him sold 1.07
Read moreDomino's Pizza CFO sells off large slice of shares
30th Jul 2013 16:19
The Chief Financial Officer (CFO) of Domino's Pizza more than halved his stake in the FTSE 250 pizza delivery chain on the same day the firm disappointed the market with its interim results. Lee Ginsberg, a chartered accountant who joined the firm back in 2004, sold a total of 70,000 shares on Tues
Read moreMonday newspaper round-up: RBS, online tax, GSK
22nd Jul 2013 06:57
Royal Bank of Scotland plans to increase its market share by half over the next year in an effort to be a key player in the UK mortgage market, The Guardian reported. The government-backed lender is now granting more than one in 10 new loans. Internet retailers including Ocado, Shop Direct and Bode
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