Chairman's wife buys Redrow shares
2nd Mar 2010 16:33
Redrow chairman Steve Morgan's wife has bought 100,000 shares in the housebuilder taking their combined stake to 29.95%. Fiona Morgan paid 131.5p a share for the 100,000 shares. The total cost was £131,500. Morgan founded Redrow in 1974 and floated the company 20 years later. He also owns Wolver
Read moreFUM at Rathbone back to 2008 levels
24th Feb 2010 08:11
Rathbone Place saw its funds under management rose back above £13bn as confidence returned to the markets in the second half of 2009. The fund and wealth management firm said total funds under management (FUM) at the end of £13.1bn at the end of 2009, almost back to the levels seen at the end of 20
Read moreFriday tips round-up: Cineworld, Hays, Prostrakan
8th Jan 2010 06:38
The idea that cinemas boom during a downturn was proved right in 2009, with the annual box office gross takings in the UK breaking through £1bn for the first time. This has had Britain's largest cinema chains rubbing their hands together in glee, with the only listed group, Cineworld Group, publishi
Read moreLondon close: Footsie flatlines
7th Jan 2010 16:46
A late afternoon rally fizzled out to leave London's blue chip index little changed on the day. Banks emerged from a sticky start as the day's best performers led by Barclays and Lloyds Bank, which both received decent write-ups in an otherwise cautious broker note from Keefe, Bruyette & Woods. It
Read moreLondon afternoon: Banks defy broker gloom
7th Jan 2010 14:27
Leading shares are mixed, with the Footsie barely changed now miners have recovered from a weak showing in the morning session to show gains in the afternoon. Kazakhmys and Fresnillo lead the mining sector but their gains are surpassed by two stocks from the banking sector where Barclays and Lloyds
Read moreLondon midday: Bank sits on hands
7th Jan 2010 11:51
London drifted lower ahead of the announcement of the Bank of England's quantitative easing and interest rate decision, which, as expected, left both the level of interest rates and the scale of the quanititative easing programme unchanged. Mining stocks are proving to be a millstone round Footsie'
Read moreLondon open: Miners offset strong supermarkets
7th Jan 2010 08:14
Miners are leading London's top stocks lower in early dealings on Thursday, offsetting strong demand in supermarket groups. Eurasian Natural Resources, Kazakhmys, Randgold Resources, Antofagasta, Xstrata and BHP Billiton are among the worst performers. On the positive side, Sainsbury, Tesco and Mo
Read moreCautious 2010 outlook for Rathbone
7th Jan 2010 07:30
Fund and wealth management operator Rathbone Brothers saw funds under management rise in 2009 despite net redemptions in its Unit Trust division. Total funds under management (FUM) at the end of 2009 stood at £13.1bn, up 25.2% on the £10.46bn at the end of 2008. The investment management arm saw F
Read moreLondon close: Footsie slips back
20th Oct 2009 16:50
There was no shortage of company news to give Footsie direction but it was the release of housing data in the US that ultimately dragged the leading share index into the red. Housing starts increased to a seasonally-adjusted annual rate of 590,000 last month, up 0.5% above a revised 587,000 in Oct
Read moreLondon afternoon: Footsie pulled both ways
20th Oct 2009 14:19
Footsie is struggling to find any sense of direction despite some big movements in individual companies' share prices. Fast growing software company Autonomy is finding the market hard to please. Despite another spell of strong organic growth in the third quarter, the shares are the worst performer
Read moreLondon midday: Banks drag Footsie down
20th Oct 2009 12:04
Footsie made a valiant effort to finish the morning in the blue but came up just short, thanks largely to the weakness of financial stocks. Barclays is sharply lower, after Qatar's sovereign wealth fund said it was selling half of the warrants it holds in the bank. Qatar Holding is selling 379.22
Read moreLondon open: Footsie struggles despite bumper Apple crop
20th Oct 2009 08:38
Excitement in the US over better than expected third quarter results from iPhone giant Apple has not crossed the Atlantic with UK blue chips struggling to make headway. Banks are proving a drag. Barclays is lower, seemingly on the news that its president Bob Diamond has turned down the chance to be
Read moreRathbones funds up, revenue down
20th Oct 2009 07:56
Lower interest rates hitting investment revenues cut income at fund manager Rathbones in the three months to September. Overall, net operating income fell 6.5% to £29m in the quarter, though total funds under management were £12.17bn, up 16.3% from £10.5bn at the end of 2008. Interest income fell b
Read moreLondon pre-open: Footsie to close in on 5300
20th Oct 2009 07:46
Better than expected third quarter results from consumer electronics company Apple after the close of the US market yesterday has juiced London this morning with traders expecting the FTSE 100 index to open up around 8 points higher at 5,290. Education group and FT publisher Pearson has upped its e
Read moreLloyds in talks to sell private client assets to Rathbone
15th Oct 2009 09:19
Lloyds Banking Group today confirmed it is in talks to sell some non core private client discretionary investment management activities to Rathbone Brothers. The bank, 43%-owned by the taxpayer, said the assets were currently part of its wealth and international division, mainly the Bank of Scotlan
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