Tuesday tips round-up: Stobart, Vectura, Mitie
24th May 2011 06:25
Yesterday, the logistics group Stobart issued full-year figures, with pre-tax profits falling short of market hopes. But the share price rose as the focus turned to the confident outlook statement. Moreover, the stock is down more than 20% since the recent February peak. That, unsurprisingly, has hi
Read moreFTSE 100 movers: AMEC falls after investor day
20th May 2011 15:37
International engineering and project management company AMEC is the worst performer of the day after an investor event. There is speculation that the group is keen to keep on buying after its recent acquisition of US peer Mactec, limiting the chance of a special dividend, according to reports. BP
Read moreRio extends Riverdale deadline...again
20th May 2011 09:56
In what now seems to be a regular announcement, Rio Tinto revealed on Friday that it has again extended its takeover offer for Africa-focused coal miner Riversdale Mining by a further two weeks. The extension was taken in the hope that it would give minority shareholders additional time to jump on
Read moreRio Tinto sets coupons on $2bn of bonds
18th May 2011 08:17
Mining colossus Rio Tinto has priced up $2bn worth of fixed rate bonds to be issued by Rio Tinto Finance (USA). The $700m of five year bonds will pay a coupon of 2.5% and will mature on 20 May 2016, the $1bn of 10 year notes will pay a coupon of 4.125% and will mature on 20 May 2021 while the $300m
Read moreSector movers: Antofagasta, Rio Tinto lead the miners
16th May 2011 16:11
The mining sector is wanted today as analysts have highlighted the recent bout of profit-taking - on the back of falling commodities prices - as a good buying opportunity. Blue chip miners Antofagasta, Rio Tinto, Anglo American, Fresnillo, BHP Billiton and Vedanta Resources are all higher. Indust
Read moreFTSE 100 movers: Aggreko leads the fallers
16th May 2011 15:45
The Footsie has come off its lows but remains in the red, led by temporary power supplier Aggreko, who is trading over 3% lower. Engineers Invensys and Weir are also out of favour. Data software firm Autonomy is wanted after it announced that it is to boost its cloud computing capability with a $38
Read moreFTSE 100 movers: RBS's profit impresses
6th May 2011 14:47
RBS is topping the risers after making £1.05bn in underlying first quarter operating profit, p from £0.88bn the year before. Flying higher is airline IAG after it saw an improved performance in the first quarter as it reported its first results since forming from the merger of British Airways and S
Read moreRiversdale hold-outs given more time by Rio
6th May 2011 09:18
Mining giant Rio Tinto has again pushed back the deadline for its takeover offer for Africa-focused coal miner Riversdale Mining, giving minority shareholders more time to jump on board before the target is delisted from the Australian Stock Exchange. On Tuesday, Rio announced extended the offer pe
Read moreLondon close: Sluggish day for FTSE 100
3rd May 2011 16:46
Shares started well after the extended weekend, but the buoyancy soon gave way to sluggishness and the top share index closed just a few points higher. Hedge fund manager Man Group was a strong performer after it announced the launch of an AHL open-ended fund in Japan, Nomura Global Trend, which ha
Read moreLondon midday: Shares seek direction as early strength evaporates
3rd May 2011 12:01
The strong performance as trading restarted following the extended weekend has fizzled out and shares are currently seeking direction. Hedge fund manager Man Group is setting the pace after it announced the launch of an AHL open-ended fund in Japan, Nomura Global Trend, which has raised $1.5 billio
Read moreLondon open: Strong start for FTSE 100
3rd May 2011 08:32
Shares have hit the ground running following the long weekend. Hedge fund manager Man Group is setting the pace after it announced the launch of an AHL open-ended fund in Japan, Nomura Global Trend, which has raised $1.5 billion. The fund began trading at the end of April 2011. Catering giant Co
Read moreRio Tinto to delist Riversdale
3rd May 2011 07:26
Mining giant Rio Tinto signalled the end of its protracted takeover bid for Riversdale by announcing that the Australian coal miner would be delisted from the Australian Stock Exchange. Rio Tinto, which controls more than 73% of Riversdale's shares after a bid battle stretching back to Christmas 20
Read moreLondon close: Company updates lift FTSE 100
26th Apr 2011 16:33
Shares were boosted by well-received earnings news at home and overseas. Shares sprang into life after a sluggish start, helped by well-received updates from US giants such as carmaker Ford and conglomerate 3M. There were also a few big risers here in the FTSE 250. Shares in Heritage Oil jumped af
Read moreFTSE 100 movers: IAG tops the risers
26th Apr 2011 14:31
Airline IAG, luxury brand Burberry and chip giant ARM are the best performing blue chips. Rio Tinto is edging higher after coming to an agreement with the government of Guinea, paving the way for work to begin on the Simandou iron ore project in the southern part of the country. Meanwhile, sector
Read moreLondon midday: Calm before the storm
26th Apr 2011 12:07
Shares are little changed on a quiet beginning to a week that will spark into life tomorrow with a stream of updates and preliminary first quarter GDP figures. There are some interesting movers today though. Shares in Heritage Oil jumped after the oil explorer announced that it is buying back $100
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