London close: Stocks pull out of tailspin
14th Jul 2009 17:09
Indecision on Wall Street prompted a spell of profit taking in the UK in the middle of the afternoon session which threatened to wipe out the morning's gains, but London's blue-chips rallied at the death to keep the Footsie in the blue. Mining stocks were the best performers with silver miner Fresn
Read moreLondon afternoon: Footsie climbs despite weak retailers
14th Jul 2009 14:10
London's leading shares continue to edge higher, with sentiment given a boost in the afternoon by expectations of a moderately firm start on Wall Street and a strong set of second quarter results from US bank Goldman Sachs, which announced record revenues. Mobile phone giant Vodafone, the third lar
Read moreLondon midday: Early gains are consolidated
14th Jul 2009 12:11
The Footsie is trading sideways, holding on to gains after a bright start. Inflation data was much as expected, with the inflation rate falling below the Bank of England's 2% target for the first time since September 2007 last month. The Office for National Statistics (ONS) revealed a drop in consu
Read moreLondon open: Early gains for Footsie
14th Jul 2009 08:41
London's blue chips have made early gains after the hundred-point plus surge on Wall St overnight. Miners are leading the way with Fresnillo, Lonmin, Xstrata and Rio Tinto all going well. Defensive stalwarts are the weak spots with Diageo, Imperial Tobacco and Reckitt Benckiser all lower. Enginee
Read moreSector movers: Platinum stocks lead miners lower
6th Jul 2009 12:11
Mining stocks are firmly in the red Monday with platinum miners the worst hit as prices for the precious metal fell back. Metals prices have eased amid concerns hopes of an economic recovery, which have sparked a rally in commodities, may be over-optimistic. Braemore Resources and Jubilee Platinu
Read moreTuesday tips round-up: Kewill, Reckitt Benckiser, Brixton
23rd Jun 2009 06:43
Any punt on logistics software group Kewill would be risky, but given the discount to brokers' estimates of fair value, and the fact that the company increased its dividend as part of yesterday's full year results, the Independent could be tempted. There are also some tasty new contracts to disclo
Read moreSector movers: Rio leads mining rally
5th Jun 2009 13:45
The mining sector is posting big gains after investors gave the thumbs up to Rio Tinto's decision to scrap its controversial $19.5bn refinancing deal with Chinese firm Chinalco. Rio has instead launched a $15.2bn rights issue and a merger of its West Australia iron ore assets with those of bitter ri
Read moreLondon close: Miners and financials lead the way
19th May 2009 16:31
Strength among financial plays and miners guaranteed London gains Tuesday, although it had looked a close call following a weak start on Wall Street. A near-13% slump in US housing starts in April proved a drag mid-afternoon before US stocks regained their poise and moved higher. Anglo American fi
Read moreTate & Lyle upheaval continues
19th May 2009 15:02
The top two positions at sugar and sweeteners group Tate & Lyle will be occupied by new faces by the end of this year, following today's announcement that Javed Ahmed will be leaving Reckitt Benckiser to take over as Tate's new CEO. Ahmed is currently Executive Vice President, Europe for Reckitt Be
Read moreLondon afternoon: Shares off top after US housing starts shock
19th May 2009 14:15
Alarming US housing starts data looks set to put the kybosh on the prospect of a firm start on Wall Street and has had a knock-on effect in London, where share prices are coming off the top. Marks & Spencer remains the day's biggest blue-chip faller after it saw a sharp drop in pre-tax profits to
Read moreBroker snap: New Tate boss may review divi policy
19th May 2009 12:58
The poaching of highly regarded Javed Ahmed from Reckitt Benckiser to take over from Ian Ferguson as CEO at Tate & Lyle has given a rush to the share price of the sugar and sweeteners group. Broker Charles Stanley suggests that the arrival of two new brooms at the top - Ahmed will take over as chie
Read moreLondon midday: Equities advance on broad front
19th May 2009 11:53
Risers outnumber fallers by about four to one among Footsie constituents as London's leading shares shrug off disappointing figures from Marks & Spencer to continue yesterday's advance. M&S is the day's biggest blue-chip faller after it saw a sharp drop in pre-tax profits to £706.2m from £1.13bn. I
Read moreLondon open: Footsie up despite M&S disappointment
19th May 2009 08:48
Footsie has built on yesterday's gains as traders wade through the continuing stream of company results. Marks & Spencer has fallen sharply after it revealed a final dividend cut of a third after the clothes and food retailer saw a sharp drop in pre-tax profits to £706.2m from £1.13bn. M&S said it
Read moreLondon pre-open: More gains expected
19th May 2009 07:50
Footsie is expected to build on yesterday's results as traders wade through the continuing stream of first quarter company results. Marks & Spencer is to cut its final dividend by a third after the clothes and food retailer saw a sharp drop in pre-tax profits. While sales in the year to March 28 we
Read moreTate & Lyle recruits new chief from Reckitt
19th May 2009 07:07
Tate & Lyle has appointed Javed Ahmed as its new chief executive. He will take over from current incumbent Iain Ferguson on 15 November. Iain Ferguson will continue in the CEO role until then to ensure an orderly handover, Tate added. Ahmed is currently Executive Vice President, Europe for Reckit
Read more