London close: Lower finish for FTSE 100
10th Aug 2010 16:42
A poor reception for updates from the holiday-related stocks TUI Travel and InterContinental Hotels helped ensure Footsie closed in the red, while economic worries also weighed on sentiment. China's trade surplus hit an 18-month high as exports surged and imports slowed. Imports increased 22.7% i
Read moreLondon afternoon: Buyers take a holiday
10th Aug 2010 14:14
Leading equities moved further into the red over the lunch time session as investors remained concerned about slowing growth in the Chinese economy and signs closer to home that the Budget spending cuts are starting to have an effect on the mood of UK consumers. China's trade surplus hit an 18-mon
Read moreLondon midday: Consumer spending fears sink Footsie
10th Aug 2010 12:02
Concern about consumer spending has pulled the rug from under Footsie after a profit warning from tour operator TUI and weak retail sales figures. TUI Travel warned profits this year will be at the low end of forecasts after UK bookings faltered. Bookings by Britons are down by 2% over the past 12
Read morePendragon accelerates profit rise
10th Aug 2010 07:43
The UK's biggest car dealer Pendragon almost tripled interim pre-tax profit as demand at its aftersales and used car operations steps up a gear. First half used car volume increased by 15.9% over the prior period. Underlying operating margins rose to 2.2% from 1.9% in 2009 as it reduced costs. Rev
Read moreMARKET TALK: Debenhams Refinancing Good News -Arden
19th Jul 2010 08:11
0711 GMT [Dow Jones] Debenhams' (DEB.LN) renegotiation of its banking facility is good news as it will bring down the company's interest charge significantly next year, with the average interest cost on debt to fall to 4.5% from about 7%, says Arden Partners. Arden says this should lead to a bounce
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
19th Jul 2010 08:11
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0711 GMT [Dow Jones] Debenhams' (DEB.LN) renegotiation of its banking facility is good news as it will bring down the compan
Read moreWednesday tips round-up: Vedanta, Serco, Carpetright
30th Jun 2010 06:47
If there were a "nasty company of the year" award, the FTSE-100 listed mining group Vedanta Resources would not be short of nominations. Human rights and environmental activists consistently attack Vedanta for its practices, not least its bauxite project in the Niyamgiri hills of Orissa state in e
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
29th Jun 2010 10:29
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0929 GMT [Dow Jones] Panmure Gordon upgrades Pendragon (PDG.LN) to buy from hold following a trading update. The statement
Read moreMARKET TALK: Panmure Upgrades Pendragon To Buy
29th Jun 2010 10:29
0929 GMT [Dow Jones] Panmure Gordon upgrades Pendragon (PDG.LN) to buy from hold following a trading update. The statement suggests Pendragon continues to trade in line with expectations and that it should deliver a solid set of 1H results, thus providing good underpinning for full-year forecasts, w
Read morePendragon Sees 1H Profit In Line With Expectations
29th Jun 2010 07:29
Pendragon PLC (PDG.LN), said Tuesday that aftersales profitability in the first half of the year has continued to improve year on year, and said it expects profitability for the six months to June 30, to be in line with expectations MAIN FACTS: -The company is pursuing a strategy to grow aft
Read morePendragon recovery continues
29th Apr 2010 16:14
The share price of car dealer Pendragon went into overdriveo n Thursday after the company said its retail sales growth outstripped the market. After sales activities remained the most profitable part of the business with profitability in this area improving by 3.9% in the first quarter from the cor
Read moreLondon close: Footsie suffers lack of confidence
23rd Feb 2010 16:21
A terrible report on US consumer confidence sent Wall Street spiralling lower, dragging London's leading index deep into the red late on. UK shares started well enough, but weakened steadily through the morning and spent much of the afternoon dipping in and out of negative territory until the US da
Read moreLondon afternoon: Stocks drift lower
23rd Feb 2010 15:16
A weak opening on Wall Street has dragged Footsie lower, though the number of fallers among the blue-chip index's constituents barely outnumbers the risers. Wolseley is leading the risers, after surprising the market with an unscheduled trading update. The building supplies group said it expects p
Read moreLondon midday: Leading shares mixed
23rd Feb 2010 12:13
For the second day in succession the FTSE 100 has turned lower after a moderately bright start. Comments on the fragility of the UK economy from Bank of England governor Mervyn King have given investors pause for thought. King, appearing before a parliamentary committee, said: 'There have been some
Read moreLondon open: Shares start strongly
23rd Feb 2010 08:38
Shares have started strongly as company updates are given a warm reception. Shares in Wolseley jumped after the building supplies group said it expects profits for the year to 31 July 2010 to exceed analysts' expectations of £326m. However, it said the better than expected earnings will be due to
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