London afternoon: Cadbury melts as Nestle withdraws
5th Jan 2010 14:26
The Footsie moved sideways over the lunch time session, with strength in financials and miners continuing to offset weakness among retailers. RBS adds to yesterday's stellar gains and is joined higher by fellow banks Barclays and Lloyds. The latter pair have been selected by Deutsche Bank as the b
Read moreLondon midday: Banks buoy Footsie
5th Jan 2010 12:18
Strength in financial stocks is helping Footsie offset declines in the retail sector. RBS adds to yesterday's stellar gains and is joined higher by fellow banks Barclays and Lloyds. Also among today's big gainers is the hedge fund manager Man Group, which has benefited from some upbeat coverage fr
Read moreLondon open: Retailers lead Footsie lower
5th Jan 2010 08:15
London's top stocks have opened lower as retailers fall back at the beginning of the Christmas sales reporting season. High street retailer Next is lower even though it increased full-year profit forecasts again in response to better than expected sales in the run up to Christmas. Sales for the 2
Read moreRM in £7m deal with International Baccalaureate
5th Jan 2010 07:22
Educational IT specialist RM Group has firmed up some of the details of its deal to provide on screen electronic marking services for the International Baccalaureate (IB) diploma qualification exams. RM Assessment and Data Services will provide its ‘scoris’ marking system to IB’s 6,500 examiners. T
Read morePetropavlovsk chief banks £24m
18th Dec 2009 16:17
Pavel Maslovskiy, chief executive of Petropavlovsk, is taking advantage of the near-record gold price to bank some cash with the sale of £24m worth of shares in the Russian gold miner. Companies associated with Dr Maslovskiy sold 2m shares at £11.93 per share. The off-market sale was to a non-relat
Read moreSmall caps round-up: Vyke, Holders, RM ...
10th Dec 2009 08:52
Shares in telecoms and internet services company Vyke Communications jumped after it agreed a deal with Indian Wi-Fi group O-Zone for O-Zone to sell Vyke's complete product range across the South Asian country. Printed circuit board materials provider Holders Technology said its trading performance
Read moreTuesday tips round-up: Wm Morrison, VT Group, RM
24th Nov 2009 06:38
Wm Morrison shares have hit the skids in recent days as investors grapple with what to do about the curveball thrown at the group by the departure of chief executive Marc Bolland for M&S. Given the uncertainty, Morrison is a speculative buy, not least because the shares will be choppy as speculatio
Read moreRM reducing dependency on UK market
23rd Nov 2009 15:32
RM Group, the IT company focused on the education sector, is seeing an increasing amount of its revenue emanating from outside the UK, contributing to a full year performance that was ahead of budget. Revenue in the year to 30 September rose 20% to £346.9m from £289.5m the year before, helped by th
Read moreTechMARK movers: e2v's ex-rights rise
23rd Nov 2009 15:16
Shares in e2v Technologies rose after they went ex-rights this morning. The electronics components manufacturer is raising £34m from a seven-for-nine rights issue at 28p a share. It is also raising £22m from a placing at 70p a share and has renegotiated its banking facilities. The rights issue pri
Read moreCompany round-up: Quintain, Grainger, Wincanton, RM
5th Nov 2009 12:30
Property developer Quintain Estates is to raise £191m through a deep discount right issue on a 3 for one basis at 49p. The discount is 72% to yesterday's closing price and is a 60.2% discount to the pro forma basic NAV per share of 123p. "The rights issue announced today is transformational, provi
Read moreTechMARK movers: Sinclair Pharma lower
12th Oct 2009 14:00
Pharmaceuticals group Sinclair Pharma was lower after it said it will raise up to £25m in a share placing to pay for two major dermatology products as it named Christopher Spooner chief executive officer. Spooner, previously co-founder and chief executive of HealthCor Management UK, will replace M
Read moreSmall caps round-up: Renewable Energy Holdings, Harvey Nash, Cyan ...
12th Oct 2009 09:41
Renewable Energy Holdings has completed the sale of its CETO wave power technology to ASX-listed Carnegie Corporation. REH received a 33% stake in Carnegie in return for the CETO technology. This stake is valued at just over £30m. That is nearly 60% more than the valuation for the whole of REH. Re
Read moreLondon close: Shares end up but down from highs
22nd Sep 2009 16:39
London's leading shares finished with slight gains but were well below earlier highs as miners eased back slightly. Eurasian Natural Resources, Lonmin, Xstrata and Vedanta Resources still posted healthy gains, while precious metals miners Fresnillo and Randgold Resources were also on the climb. R
Read moreLondon afternoon: Shares off the top
22nd Sep 2009 14:07
Shares drifted lower over the lunchtime session but are still up on the day, helped in no small part by the strength of miners, which are rising in line with firmer metals prices. Rio Tinto is wanted after it sold off another chunk of Alcan. The heavily indebted miner sold Alcan Composites, part of
Read moreLondon midday: Rio's assets sale continues
22nd Sep 2009 12:10
Miners continue to lead the market higher as investors return to the market after yesterday's pause for breath. Rio Tinto is wanted after it sold off another chunk of Alcan. The heavily indebted miner sold Alcan Composites, part of the Alcan Engineered Products division, to Swiss firm Schweiter Tec
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