London close: FTSE 100 rallies to close with gains
16th Aug 2011 16:50
The FTSE 100 found strength as the day progressed, helped by some economic data from the US, and managed to finish with gains. Sentiment had been depressed earlier on by figures on this side of the pond. The Eurozone economy grew by a paltry 0.2% in the second quarter compared with the previous thr
Read moreLondon midday: Stocks fall back amid economic worries
16th Aug 2011 12:08
Stocks are firmly in the red as investors digest some sobering economic data both at home and abroad. The Eurozone economy grew by a paltry 0.2% in the second quarter compared with the previous three month period amid a sharp slowdown in growth in the trading bloc's economic powerhouse Germany. He
Read moreLondon open: Miners, engineers lead fallers
16th Aug 2011 08:33
Just four stocks were making gains in early trading as London's blue chip index slipped 1% lower. The Footsie gave up its gains made on Monday and was trading below the 5,300 mark as miners and engineers provided a drag. Randgold Resources was among the few risers, tracking the price of gold higher
Read morePennon pressing on with energy from waste project
16th Aug 2011 07:56
Water group Pennon said trading has been in line with management expectations since March 31. Its South West Water division has "a solid platform in place for continued success during the current regulatory period (K5, 2010 - 2015)," having successfully completed the K4 regulatory contract, the com
Read moreLondon pre-open: Pause for breath
16th Aug 2011 07:33
London's more reflective mood this week looks set to continue, with City traders betting that all of yesterday's gains on the Footsie will be relinquished at the outset. Spread betting quotes suggest the top-share index will open at around 5,310, down 41 points from last night's close. Witan Inves
Read moreLondon close: Stocks slide after short-lived rally
10th Aug 2011 16:43
London's leading share index almost closed back below the 5,000 point mark after giving up a short-lived rally. Euphoria over US plans to keep interest rates at their current low levels was soon overshadowed by the reason for the plans: the grim economic outlook. Here, the Bank of England has cut
Read moreLondon midday: FTSE 100 stable for now after gains
10th Aug 2011 12:21
Shares are holding onto most of their gains after rallying on the back of the US Federal Reserve's announcement that rates will stay low for two years. Hopes that this will keep the global economy growing has spurred demand for miners, with big-hitters such as Xstrata and Kazakhmys higher, joined b
Read moreLondon open: Strong start as Footsie climbs back over 5,200
10th Aug 2011 08:32
Just three stocks were in the red early on, as the Footsie attempted to claw its way back after a week of turmoil in global markets. The US Federal Reserve last night pledged to freeze short-term US interest rates for two years and opened the door to more quantitative easing, in an attempt to resto
Read moreLondon close: FTSE 100 back above 6,000
4th Jul 2011 16:56
The top share index finished well clear of the 6,000 point mark as the rally following the Greek parliament's vote in favour of austerity measures continued. Property group British Land was among the top risers. Panmure Gordon has been casting its eye over the company and notes that it offers "an a
Read moreLondon midday: FTSE 100 passes 6,000 points
4th Jul 2011 12:05
The top share index is above the 6,000 point mark again as the post-Greek austerity vote rally continues. The rise comes in spite of Standard & Poor´s warning that the voluntary rollover proposed by the French government and accepted by banks for 70% of Greek debt could be considered a "selective d
Read moreLondon open: Footsie struggling to pass 6,000
4th Jul 2011 08:33
The top share index has got off to an indecisive start, edging higher but failing to breach the 6,000 point barrier. Among the risers is Essar Energy, the India-focused integrated energy company. It said the general meeting to rubber stamp its proposed acquisition of the oil refinery and other asso
Read morePennon to build 'Energy from Waste' plant
4th Jul 2011 07:06
South West Water owner Pennon's subsidiary Viridor Waste Management is to build a new plant to generate energy from waste in Devon. The 'Energy from Waste' (EfW) plant, to be built at Marsh Barton in Exeter, will process 60,000 tonnes of municipal waste a year and will require Viridor to stump up £
Read moreAnglo American finance boss sells again
29th Jun 2011 16:01
Anglo American's finance director Rene Medori has pocketed £450,000 from the sale of shares in the mining giant. He offloaded 15,000 at 3,000p a pop, in his second big sale of shares this month. On 7 June he sold the same amount at just over 3,000p a share. Today's sale leaves him with a beneficia
Read moreThursday tips round-up: Petrofac, Mouchel, Pennon
16th Jun 2011 07:03
Petrofac shares have experienced pretty much straight-line growth over the past year and had got to a stage, with a price-earnings multiple in the high teens, which was becoming hard to justify. The company has said that by 2015 it will double the basic profits earned in 2010. The shares look high e
Read morePennon buys recycling firm for £1.7m
7th Jun 2011 11:52
Water and sewerage services group Pennon is expanding its waste management services through the acquisition of cardboard and plastics recycling firm Storm Recycling for £1.7m. The acquisition, made by Pennon's subsidiary Viridor Waste Management, "is in line with the Group's strategy of expanding i
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