London midday: Footsie extends gains, RBS leads the rise
16th Mar 2012 11:32
- RBS up over five per cent after upgrade - Tullow Oil strikes again off the coast of Ghana - Footsie up 1.4 per cent on the week The FTSE 100 was continuing to set new intraday highs by lunchtime, helped by a strong performance by financial and resource stocks. It has been a relatively quiet day f
Read moreLondon open: Financials gains, US data eyed
16th Mar 2012 08:52
- Financials stock, Tullow oil lead the rise on the Footsie - Barroso sees improvement in the Eurozone - Oil prices rebound London's blue chip index advanced in the opening hour on Friday on a relatively quiet day for company news. Investors will be looking ahead to industrial production and consum
Read moreLondon pre-open: Flat start for FTSE
16th Mar 2012 07:23
City sources predict the FTSE 100 will open down two points from yesterday's close of 5,941, ignoring strong gains in the US last night and holding onto gains made in recent months. EnQuest, the largest UK independent oil producer in the North Sea, has completed the acquisition of a stake in the K
Read moreRIT Capital in joint venture with Edmond de Rothschild
16th Mar 2012 07:07
Traders were debating the collective name for a group of Rothschilds on Friday morning as RIT Capital Partners, the London-listed investment trust chaired by Lord Rothschild, and Edmond de Rothschild Group (EdRG), the international private banking and asset management group chaired by Baron Benjamin
Read moreRIT Capital says risks ahead are glaring and global
16th Feb 2012 09:28
Investment trust RIT Capital reported a 2.1% increase in diluted NAV per share from 1 October 2011 to date but it cautioned that, despite recent market rises, the firm remains mindful that the risks ahead are 'glaring and global'. Diluted net asset value per share rose to 1,190.7p at 31 January and
Read moreFTSE 250 Movers: Miners rocket on central bank action
30th Nov 2011 15:44
Miners dominated the risers on the FTSE 250 on Wednesday after news that central banks are working together to ease strains in the financial markets sent stocks soaring. The mining sector swung into the blue, despite falling earlier on, after the People's Bank of China (PBOC) had lowered the legal
Read moreFTSE 250 Movers: Premier Foods tops the charts
29th Nov 2011 15:52
After its recent dramatic falls in its share price, Premier Foods continued to build on the 28% gains it has made over the past month. Spread betting pioneer IG Group was also on the up after it saw a high level of client activity in the second quarter of its financial year, continuing the trend s
Read moreRothschild's baby beats benchmarks
29th Nov 2011 07:59
RIT Capital, the investment trust, has been battered by 'the most torrid markets of my lifetime' says Jacob Rothschild, the Chairman of the firm. In the half-yearly results statement he describes Europe as the 'lead violinist in a discordant band'. Quite. That said, Lord Rothschild can take some
Read moreFTSE 250 movers: Supergroup falls out of fashion
3rd Jun 2011 16:12
The retailers are falling heavily on Friday, with ultra-trendy fashion group Supergroup posting losses of around 7%. The firm revealed last month that its sales growth rate was lower in the three months to 1 May compared with the preceding quarter. Shares have dropped by over a third during the la
Read moreRIT looking for the next BRIC
3rd Jun 2011 08:17
The net asset value (NAV) per share of investment trust RIT Capital Partners hit a new high at the end of March, though it has eased back since the end of the trust's financial year. In the year to 31 March 2011, the trust's NAV per share appreciated by 9.3% to 1,289.4p from 1180.1p a year earlier.
Read moreRIT Capital backs new Bill Winters venture
17th Feb 2011 08:34
Investment trust RIT Capital Partners is to take a stake in a new global alternative asset management and advisory firm set up by former JP Morgan Investment Bank big wheel Bill Winters. Winters, formerly the co-chief executive of JP Morgan Investment Bank, will initially own 50% of the new firm, w
Read moreRIT Cap's NAV hits record high
17th Nov 2010 15:23
The net asset value (NAV) per share of international investment trust RIT Capital Partners may have declined in the six months to end-September but the trust comfortably beat its benchmark index over the same period. NAV per share at the end of September stood at 1,159.7p, down 1.7% from 1,180.1p a
Read moreRIT Cap. Partners FY Net Asset Value 1,180.1P Vs 874.3P
16th Jun 2010 07:55
LONDON (Dow Jones)--RIT Capital Partners PLC (RCP.LN), an investment company, announced Wednesday it had a net asset value per share of 1,180.1 pence for the year ended March 31, 2010, compared with 874.3 pence. MAIN FACTS: -Share Price: 1,082.0 pence (2009: 831.0 pence -Morgan Stanley
Read moreCaution the watchword at RIT Capital
16th Jun 2010 07:45
Investment trust RIT Capital Partners saw its net asset value (NAV) per share increase by more than a third last year to an all time high, though that performance lagged that of the FTSE All-Share Index. Total net assets at the end of March 2010 stood at £1,815.7m, up 34.4% from £1,350.5m a year ea
Read moreCanny trades benefit RIT Capital
20th Nov 2009 07:20
Popular investment trust RIT Capital Partners has seen its net asset value (NAV) per share rise 21.7% in the first half of its financial year thanks to the global rally and some smart trades. RIT's NAV jumped to 1,064p from 992p at the half-way point in 2008 and 874p at the end of March. It increa
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