London afternoon: Footsie climbs despite weak retailers
14th Jul 2009 14:10
London's leading shares continue to edge higher, with sentiment given a boost in the afternoon by expectations of a moderately firm start on Wall Street and a strong set of second quarter results from US bank Goldman Sachs, which announced record revenues. Mobile phone giant Vodafone, the third lar
Read moreLondon midday: Early gains are consolidated
14th Jul 2009 12:11
The Footsie is trading sideways, holding on to gains after a bright start. Inflation data was much as expected, with the inflation rate falling below the Bank of England's 2% target for the first time since September 2007 last month. The Office for National Statistics (ONS) revealed a drop in consu
Read moreRenold FY pre-tax profit slumps, no divi
14th Jul 2009 08:04
Industrial chains maker Renold revealed a sharp drop in full year pre-tax profit as economic conditions in the second half of its financial year deteriorated. "These challenges necessitated significant cost cuts and a rapid response from management which has been done," Renold said in a company st
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