London midday: Stocks clinging on despite mixed updates
26th May 2011 12:15
Stocks are holding onto their modest early morning gains, after a mixed reception for company updates. Among the risers is Man Group whose adjusted profit before tax rose to $599m in the year to 31 March from $560m the year before, ahead of company guidance. Statutory profit before tax tumbled to $
Read moreVehicle armour saves QinetiQ
26th May 2011 12:14
Defence group QinetiQ has leapt back into the black and reinstated its dividend. The firm posted a pre-tax profit of £26.6m in the year to the end of March, returning from a loss of over £66m the year before. It has proposed a final dividend of 1.60p per share. The company said that without exce
Read moreLondon open: Stocks move higher
26th May 2011 08:29
Shares have edged higher following an improvement on Wall Street after London closed yesterday. Among the risers is Man Group whose adjusted profit before tax rose to $599m in the year to 31 March from $560m the year before, ahead of company guidance. Statutory profit before tax tumbled to $324m fr
Read moreLondon pre-open FTSE 100 to post gains
26th May 2011 07:48
The top share index is seen posting gains following a fightback on Wall Street last night. In company news this morning, strong sales of non-clothing items such as leather handbags helped the luxury fashion group Burberry to a sharp rise in sales in the year to 31 March. Adjusted pre-tax profit ros
Read moreLondon close: Shell continues to provide a drag
3rd Feb 2011 17:05
Footsie failed to hang on to yesterday's 6,000 level and finished 0.28% lower despite Wall Street beginning to recover from its early morning lows towards the end of the London trading session. Royal Dutch Shell stayed the heaviest faller in London despite more than quadrupling fourth quarter profi
Read moreFTSE 250 movers: FCAM wanted after ousting chairman
3rd Feb 2011 15:39
F&C Asset Management continues to rise after a boardroom shake-up. AIM-quoted activist investment company Sherborne Investors, which owns 18% in F&C, removed two members of the board and had three of its nominees appointed. Around 82% of the shares in issue were voted at the EGM. F&C chairman Nick
Read moreLondon afternoon: Losses grow
3rd Feb 2011 15:26
London is back near intraday lows after an early sell-off on Wall Street. Royal Dutch Shell is still down despite more than quadrupling fourth quarter profits thanks to higher energy prices, an increase in production and cost-cutting. Earnings for the last three months of 2010 on a current cost of
Read moreLondon midday: Mixed reception for company updates
3rd Feb 2011 12:31
Stocks have moved in both directions following updates this morning, but fallers hold sway, helping to keep the top share index in the red. Royal Dutch Shell is a faller even though the oil titan more than quadrupled fourth quarter profits thanks to higher energy prices, an increase in production a
Read moreLondon open: Mixed reception for company updates
3rd Feb 2011 08:27
Stocks are moving in both directions after updating the market and the top share index is currently in the red by about a dozen points. Royal Dutch Shell is a faller even though the oil titan more than quadrupled fourth quarter profits thanks to higher energy prices, an increase in production and c
Read moreQinetiq to exceed FY forecasts
3rd Feb 2011 07:10
Military researcher QinetiQ expects to 'exceed its previous expectations' for the current year but issued a cautionary statement on future trading. The high-tech weapons group warned that its view of future periods is unchanged as its principal markets 'remain subject to considerable uncertainty'.
Read moreLogica consortium wins Serious Crime contract
11th Jan 2011 07:35
A consortium led by Logica, the information technology (IT) contracting specialist, has won a £157m outsourcing deal with the Serious Organised Crime Agency (SOCA). Logica's partners in the i2d consortium are QinetiQ, Detica and Cable & Wireless. The contract runs for 10 years and will cover the
Read moreTechMARK movers: Broker boost for Torotrak
25th Nov 2010 12:55
Torotrak has perked up today following yesterday's buy note published by Charles Stanley. Gearbox designer Torotrak increased development costs to £2.5m in the first half, but still narrowed interim losses to £1.8m from £2.2m this time last year. Charles Stanley has initiated coverage following th
Read moreLondon close: Lower finish as Irish relief fades
22nd Nov 2010 16:51
Footsie was nursing significant losses as trading closed after relief over the Irish bail-out gave way to concerns that the problems will now spread to other eurozone countries. Royal Bank of Scotland, which has strong exposure to Ireland on both sides of the border through its subsidiary Ulster B
Read moreTechMARK movers: QinetiQ wins contract worth up to $1.96bn
22nd Nov 2010 12:39
Shares in defence technology supplier QinetiQ are continuing their recovery following a contract win from NASA. QinetiQ will provide engineering services at the Kennedy Space Centre in Florida. The contract begins on 1 March 2011 and the base value of the contract is $159m. There is also a further
Read moreLondon midday: Footsie gives up gains
22nd Nov 2010 12:06
Footsie has turned lower as the relief over the EU bail-out of Ireland fades. Miners got a boost on hopes the bail-out will stabilise the global economy but are now mixed. Xstrata is slightly higher but BHP Billiton and Rio Tinto are among the fallers. It's a slow start to the week on the compa
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