London open: Footsie creeps higher
5th Jan 2012 08:26
Footsie is tip-toeing higher in early trade, with tech stocks, oils and banks leading the way. Oilfield services firms Petrofac and Schlumberger are to combine forces on a number of production projects in the emerging and growing production services and production enhancement market. The companies
Read moreLondon pre-open: Markets heading for a flat start
5th Jan 2012 07:30
City sources predict the FTSE 100 will open up 9 points from yesterday's close of 5,668 as markets take their lead from a flat finish in the US. 'Imperial Leather' soap maker PZ Cussons is to extend its consumer products range with the acquisition of the Fudge hair care brand from Australia's Sab
Read morePZ Cussons buys Fudge hair care brand
5th Jan 2012 07:00
'Imperial Leather' soap maker PZ Cussons is to extend is consumer products range with the acquisition of the Fudge hair care brand, best known for the 'Hair Shaper' product. PZ Cussons is paying Australia's Sabre Group £25.5m in cash for the brand and associated inventory. Established in 1991, Fu
Read moreBwin.party directors buy up shares
3rd Jan 2012 15:55
Bwin.party Digital Entertainment directors Jim Ryan and Geoff Baldwin have snapped up shares in the online gaming firm. The announcement comes on the same day bwin.party launched a number of online poker and casino games in Denmark for Danske Licens Spil (DLS), a wholly-owned subsidiary of the Dan
Read moreFTSE 250 Movers: CSR soars into first place
12th Dec 2011 16:03
Wireless technology and computer chip company CSR roared higher after announcing that it will be discontinuing investment in the areas of digital television systems-on-a-chip and silicon tuners. CSR expects to realise, on an annualised basis, $60m of operating cost reductions as a result of these
Read moreMonday broker round-up - UPDATE
12th Dec 2011 09:30
Xstrata: UBS cuts target from 1,550p to 1,450p, buy rating unchanged AstraZeneca: Credit Suisse reiterates underperform rating and 2,600p target. Standard Chartered: Investec reduces target from 1,650p to 1,550p, hold rating maintained. British American Tobacco: Investec raises target from 3,100p
Read moreLondon close: Stocks plummet after ECB
8th Dec 2011 16:43
The Footsie took a tumble in the afternoon as initial optimism following the European Central Bank (ECB) decision to cut rates quickly faded after a press conference with its president Mario Draghi. In the last two-or-so hours of trade, London's blue chip index dropped more than 100 points from its
Read moreFTSE 250 Movers: PZ Cussons share price down the drain
8th Dec 2011 15:53
'Imperial Leather' soap maker PZ Cussons was the biggest faller after it warned that overall profit in the six months to the end of November will come in below expectations. The firm said high raw material costs and adverse exchange rate movement had continued to impact margins in the first half of
Read moreLondon midday: No surprises from BoE, market awaits ECB decision
8th Dec 2011 11:45
After a strong start, the Footsie pared gains by lunchtime, ahead of a busy afternoon and evening in the Eurozone. The Bank of England (BoE) issued no surprises, keeping interest rates on hold. Markets are now awaiting a decision on European Central Bank (ECB) interest rates due out at 12:45 London
Read moreThursday broker round-up - UPDATE
8th Dec 2011 08:45
Tesco: Nomura keeps buy rating and 500p target. Tesco: Evolution Securities keeps reduce stance and 350p target. Tesco: Panmure Gordon keeps buy rating and 500p target. Standard Chartered: Nomura maintains buy recommendation and 1,800p target. PZ Cussons: Panmure Gordon cuts target from 380p to
Read moreLondon open: Footsie opens up, Tesco's price drops
8th Dec 2011 08:11
The Footsie opened firmly in the blue as investors looked ahead to this evening's EU summit with confidence. Meanwhile, the Bank of England (BoE) and the European Central Bank (ECB) are expected to announce their interest rate decisions after midday. ALL EYES ON THE EURO With the BoE expected to f
Read morePZ Cussons issues profit warning
8th Dec 2011 07:43
'Imperial Leather' soap maker PZ Cussons has warned that overall profit in the six months to the end of November will come in below expectations. The firm said high raw material costs and adverse exchange rate movement had continued to impact margins in the first half of the year. It has also been
Read moreSector movers: Banks rise on euro optimism
5th Dec 2011 16:05
Banks continued to rise with Lloyds leading the way, rising over 7% on hopes that leaders can bring an end to the euro crisis. RBS and Barclays were also making gains. As the continent gears up for the EU summit on Friday, which is to focus on proposals to move euro area countries further towards c
Read moreLondon close: Triple-digit losses as Euro worries continue
19th Sep 2011 16:50
Shares failed to recover from an early slide as ongoing worries over the Eurozone situation continued to cast a shadow. The FTSE 100 closed down 108 points. Greek Prime Minister George Papandreou has cancelled a planned trip to the US to guide Greece through what could be a critical seven day peri
Read moreLondon midday: Eurozone worries cast a shadow
19th Sep 2011 12:03
London's blue chip index is stuck below 5,300 points as the Eurozone saga rumbles on. Investors seeking a resolution to the problems were disheartened after a meeting of EU finance ministers in Poland on Friday failed to live up to expectations. "There is a firm 'risk-off' tone to the start of the
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