London midday: London's streak continues
21st Aug 2009 12:04
The wobble by global stock markets on Monday following last Friday's dismal US consumer sentiment figures seems a long time ago now as London looks well set to advance for the fourth day in a row. Insurance companies lead the advance in the wake of yesterday's surge by fallen US insurance giant AI
Read moreLondon open: Shares start lower
21st Aug 2009 08:17
London's top stocks have opened lower on profit taking ahead of the weekend and weaker Asian markets. Last night's gains in the US and yesterday's 10½ month high in London counted for nothing in the East today where stocks have tumbled. Hong Kong stocks were unsettled by fears the China's banking
Read moreLondon pre-open: Early slip in store
21st Aug 2009 07:39
UK blue chips are expected to give back a little of their recent gains early Friday, about 25 points, on profit taking ahead of the weekend and weaker Asian markets. Last night's gains in the US and yesterday's 10½ month high in London counted for nothing in the East today where stocks have tumbled
Read moreRightmove on track to trump year forecasts
21st Aug 2009 07:07
Property website Rightmove remains confident of beating expectations for the full-year after notching up its second highest monthly operating profit ever in July. The proud boast came as the firm reported a 6% drop in operating profit for the six months ended 30 June to £18.90m and 8% decline in pr
Read moreFriday preview: T Clarke, Rightmove
20th Aug 2009 15:54
Electrical engineering and contracting company T Clarke, which will report interim figures on Friday, warned last month that it does not expect to meet current market expectations for the year after it initiated a strategic review of the group. Given the difficult state of the markets in which it
Read moreBroker tips: Vodafone, Compass, Housebuilders
24th Jul 2009 11:55
Friday's quarterly trading update from telecoms giant Vodafone contained nothing worrying enough to persuade Morgan Stanley to changes its favourable stance on the stock. The US bank has maintained its "overweight" recommendation for Vodafone, saying the "valuation thesis remains compelling." "Und
Read moreBroker snap: Housebuilders' rally a 'false dawn'
24th Jul 2009 11:50
KBC Peel Hunt, a long time bear on the housebuilding sector, is once again exhorting its clients to take profits on the housebuilders in the wake of what it regards as "a positive spin" put on housing market figures by property web site Rightmove. "Rightmove has hailed the bottom of the housing mar
Read moreLondon close: Footsie finishes ahead
20th Jul 2009 16:41
London's top stocks remained in the same range and closed with good gains as financials and miners had a strong day. Wall Street starting higher also helped. Sentiment was lifted in the US after reports that lender CIT Group has obtained a last-minute emergency financing rescue deal worth $3bn. Ll
Read moreLondon afternoon: Strong US opening keeps Footsie ahead
20th Jul 2009 15:47
A strong start on Wall Street has kept Footsie in the blue though it has lost some of its early momentum. Lloyds Banking is the best performer on a weekend report it could post an interim profit despite enormous bad-debt provisions. Some of its most toxic sub-prime investments have clawed back bill
Read moreLondon midday: Banks lead Footsie higher
20th Jul 2009 12:21
Blue chips have continued their recent surge with banks among the top risers as sentiment in the sector is boosted by last week's earnings reports from US rivals. Lloyds Banking is the best performer on a weekend report it could post an interim profit despite enormous bad-debt provisions. Some of i
Read moreLondon open: Good start for Footsie
20th Jul 2009 08:41
Footsie has started the week well after the bumper gains seen on Wall Street at the end of last week. Lloyds Banking is the best performer on a weekend report it could post an interim profit despite enormous bad-debt provisions. Some of its most toxic sub-prime investments have clawed back billions
Read moreLondon pre-open: Lively start expected
20th Jul 2009 07:38
This week's likely to start where we left off on Friday, with decent gains on the back of a late recovery on Wall Street at the end of last week. Futures prices are currently indicating an early rise of about 30 points. Life insurance consolidator Resolution has insisted that any deal with Friends
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