London close: No US jobs lift for FTSE 100
4th Feb 2011 16:40
The top share index finished the week just below 6,000 points after a sluggish day's trading. Traders were unsure how to react to US jobs data. Nonfarm payrolls rose just 36,000 last month, the Labor Department said Friday, well below forecasts of at least 140,000. On the bright side, December's nu
Read moreLondon afternoon: Footsie recovers from US jobs jolt
4th Feb 2011 14:40
The Footsie kept its head above 6,000 over the lunchtime period despite a negative reaction to US jobless figures at 1:30. Nonfarm payrolls rose just 36,000 last month, the Labor Department said Friday, well below forecasts of at least 140,000. On the bright side, December's number was revised up t
Read moreFriday tips round-up: Afren, Pennon, PayPoint...
26th Nov 2010 06:43
Oil explorer Afren's Okwok appraisal well in Nigeria established that there was a minimum economic field size of 25m barrels of oil equivalent (boe), confirming that the find is commercial. The field may be a standalone operation or it may be a satellite to the company's nearby Ebok field, which is
Read moreLondon close: Strong gains near the close
25th Nov 2010 16:48
Footsie closed the day healthily in the blue as investors got excited about shopping centre owners and other property groups. Capital Shopping Centres Group (CSC), the shopping centre arm of what used to be Liberty International, raced ahead after it put pen to paper to purchase Manchester's Traffo
Read moreLondon afternoon: US interest in Capital Shopping
25th Nov 2010 14:15
Footsie is more or less back to where it started the day after a quiet lunch time session, though investors continue to be excited about shopping centre owners. Capital Shopping Centres Group (CSC), the shopping centre arm of what used to be Liberty International, has raced ahead after it put pen t
Read moreLondon midday: Footsie sluggish despite updates
25th Nov 2010 12:05
Footsie is in sluggish mode, and may remain so given that the US is closed for Thanksgiving, but there is plenty of company news for traders to digest. Capital Shopping Centres Group, the shopping centre arm of what used to be Liberty International, has raced ahead after it put pen to paper to purc
Read moreLondon open: Strong start for FTSE 100
25th Nov 2010 08:30
Shares have got off to a good start following a warm reception for company updates. Capital Shopping Centres Group, the shopping centre arm of what used to be Liberty International, has raced ahead after it put pen to paper to purchase Manchester's Trafford Centre in a deal worth £1.6bn. WS Atkin
Read morePennon sqeezes out rise in profit
25th Nov 2010 07:31
Water and waste group Pennon managed a small increase in half-year profit as a big jump at recycling business Viridor offset a decline at South West Water. Profit before tax for the six months ended 30 September grew 0.7% to £96.2m, with Viridor contributing £28.6m, up 29%, and South West Water £70
Read moreLondon close: Footsie rallies but finishes lower
12th Oct 2010 16:46
London battled hard to undo early losses, but fell just short, closing a few points in the red, amid a backdrop of lower commodity prices and sobering trading updates. Miners were under the cosh. Xstrata was among the heavy fallers in the mining sector. It said today it is starting work again at
Read moreLondon afternoon: Resource stocks a drag
12th Oct 2010 14:09
Equity prices continued to recover over the lunch time session though the blue-chip index remains in the red, largely thanks to the weakness of resource stocks. Xstrata, Lonmin, and Antofagasta are the worst hit of the miners, though the whole sector is lower. Metals prices have fallen back as the
Read moreLondon midday: Bid rumours lift Standard Chartered
12th Oct 2010 12:13
The second half of the morning session was better than the first for Footsie, with leading stocks trimming early losses, but the blue-chip index remains in the red, largely thanks to the weakness of resource stocks. Xstrata, Lonmin, and Antofagasta are the worst hit of the miners, though the whole
Read morePennon wins Energy from Waste contract
11th Oct 2010 07:44
Water company Pennon has won a contract relating to the Keppel Seghers Energy from Waste (EfW) plant in Runcorn, Cheshire. Pennon subsidiary Viridor Waste Management has been awarded the engineering procurement and construction gig for the second phase of the plant's development. The Phase II proj
Read moreBig Yellow founder sells
30th Sep 2010 16:52
The wife of a Big Yellow non-executive director has sold £1.56m worth of shares in the self storage business. Deborah Burks, the wife of Philip Burks, sold 500,000 shares at an average price of 311.8p a share between 24 September and 29 September. This cuts Burks' stake to 4.67%. Burks was the fo
Read morePromethean non-exec buys at discount to float
2nd Sep 2010 16:49
Non-executive director Philip Rowley has invested £31,000 in interactive whiteboards supplier Promethean World. Rowley bought 24,838 shares at 124.7p a share, taking his stake to 157,606 shares. Promethean World floated in March 2010 at 200p a share. The share price has been in decline since June
Read moreMARKET TALK: HSBC Turns Cautious On UK Water Industry
29th Jul 2010 10:32
0932 GMT [Dow Jones] HSBC takes a look at the UK water industry, saying the regulatory reviews by Ofwat and DEFRA of the water sector's structure and regulatory framework may heighten risk. Downgrades Severn Trent (SVT.LN) to underweight from neutral, and both Pennon Group (PNN.LN) and Northumbrian
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