London midday: Mixed reception for company updates
19th Apr 2011 12:00
Shares have remained steady after winning back some of yesterday's losses in early dealings, with shares moving in both directions after updates. Tesco is lower even after new chief executive Philip Clarke delivered profits and sales that were in line with expectations as he unveiled the supermarke
Read moreLondon open: Shares in partial recovery
19th Apr 2011 08:22
The top share index has won back some of yesterday's heavy losses, with company updates tempting buyers. However, Tesco is lower even after new chief executive Philip Clarke delivered profits and sales that were in line with expectations as he unveiled the supermarket giant's results for the year t
Read moreLondon pre-open: Rebound in prospect
19th Apr 2011 07:48
Encouraged by the afternoon recovery yesterday on Wall Street, London is set to open firmer and claw back some of yesterday's heavy losses. The FTSE 100 is expected to open around 30 points higher and crawl back above the 5,900 level. Tesco's new chief executive Philip Clarke delivered profits and
Read moreReed Elsevier sees growth across the board
19th Apr 2011 07:10
Business and academic publisher Reed Elsevier saw underlying revenue growth in each of its business groups once the effects of biennial events in its exhibitions group are taken out of the equation. The company is sticking with its prognosis for 2011, disclosed in February of this year, of a gradua
Read moreFTSE 100 movers: Miners in decline
28th Mar 2011 14:03
Footsie is ahead on the day even though falling metals prices have hit miners. Six of the top 10 fallers are miners with Kazakhmys heading the way followed by Lonmin and Fresnillo. UBS has raised Cairn Energy from neutral to buy. Reed Elsevier is higher on the back of a new software release by
Read moreFriday tips round-up: Standard Life, Cineworld, Clarkson...
11th Mar 2011 06:56
Standard Life suffered a rough session as its shares fell more than 7% after it issued full-year results. Stripping out various one-offs, yesterday's figures came in roughly in line with expectations, with operating profit rising to £425m from £399m a year earlier. Sales of long-term savings were h
Read moreFriday tips round-up: Reed Elsevier, Domino's Pizza, Talvivaara...
18th Feb 2011 06:48
Reed Elsevier's 2010 results hit the market with a dull, wet thud. There was little to encourage anyone in a performance as flat as one of its Dutch parent's polders and an outlook statement that made it clear that further recovery would be gradual. Reed says the bulk of its restructuring programme
Read moreLondon close: Blue chips close flat
17th Feb 2011 16:51
Footsie closed the day a shade higher having traded in a very narrow range all day as both buyers and sellers seem preoccupied with other things. Life insurance consolidator Resolution closed as top performer saying it is unlikely to make any further acquisitions this year. Instead, it will focus
Read moreLondon afternoon: Footsie stumbles after US CPI data
17th Feb 2011 14:43
Footsie fell back over the lunchtime session with sentiment taking a knock from a bigger than expected increase in US consumer prices. The US Consumer Price Index rose 0.4% in January, as it did in December, on the back of higher fuel and food prices. Economists had pencilled in a 0.3% rise. On th
Read moreBroker tips: Reed Elsevier, BHP Billiton, Lloyds Banking
17th Feb 2011 13:02
BarCap has retained its 'underweight' stance on business and academic publisher Reed Elsevier, despite a healthy set of full-year results and a reasonable outlook for 2011. The group reported revenues of £6.06bn, versus consensus of £5.82bn, as underlying growth improved to 2% in 2010, from a fall
Read moreBroker snap: Gradual recovery not enough at Reed Elsevier
17th Feb 2011 12:30
BarCap has retained its 'underweight' stance on business and academic publisher Reed Elsevier, despite a healthy set of full-year results and a reasonable outlook for 2011. The group reported revenues of £6.06bn, versus consensus of £5.82bn, as underlying growth improved to 2% in 2010, from a fall
Read moreLondon midday: Shares little changed
17th Feb 2011 12:07
Banks are setting the pace today, while other stocks are moving in both directions after updates. The FTSE 100 is flat overall. Nomura says Lloyds Banking Group is the preferred name of the UK lenders, and has the best exposure to recovery of traditional banking, without the overhang of a capital m
Read moreLondon pre-open: Footsie to creep ahead
17th Feb 2011 07:38
Last night's two-year high on Wall Street and further gains in the Far East this morning look like nudging London up a couple of points in early trade. There's also the usual stampede of company results. B&Q owner Kingfisher expects full-year profit to be at the top end of expectations after stren
Read moreReed sees 'modest' growth in 2011
17th Feb 2011 07:04
Things improved at business and academic publisher Reed Elsevier during 2010 and a "gradual" recovery this year should deliver "modest" growth in 2011. The Anglo-Dutch firm revealed adjusted profit before tax for the 12 months was flat at £1.28bn, as were sales, unchanged at £6.06bn. But the comp
Read moreThursday preview: Kingfisher, Reed Elsevier, Ladbrokes ...
16th Feb 2011 15:53
Thursday is, as usual, set to be a busy day, with updates expected from Redrow, BAE Systems, Ladbrokes, Rathbone Brothers, Reed Elsevier, Cable & Wireless Worldwide, Kingfisher and Sports Direct International. Do it yourself retailer Kingfisher will be giving a sales update covering the fourth quar
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