London open: More losses for FTSE 100
20th Jan 2011 08:21
The top share index is lower after a disappointing session in the US yesterday, with updates getting a poor reception here. In company news, Associated British Foods (ABF) falls back after saying that it grew revenue by 10% in the first 16 weeks of the financial year, in line with expectations, but
Read moreLondon pre-open: Heading south
20th Jan 2011 07:38
A disappointing session in the US yesterday and weakness in Asia this morning points to a poor start in London this morning. Futures prices currently point to an initial 20-point decline. In company news, Associated British Foods (ABF) grew revenue by 10% in the first 16 weeks of the financial yea
Read moreRolls-Royce wins Cathay Pacific order
20th Jan 2011 07:23
Power systems developer Rolls-Royce has bagged a $250m long term maintenance support contract from Cathay Pacific airline. Rolls-Royce will provide its TotalCare long-term services support programme for Trent 700 engines that power eight new Airbus A330 aircraft. An enhanced engine refurbishment pr
Read moreLondon close: Shares close lower despite M&A buzz
17th Jan 2011 16:39
London's leading share index is back below the 6,000 point mark after a sluggish day which saw downbeat miners offsetting mergers and acquisitions excitement. Miners such as Kazakhmys and Fresnillo were out of favour amid lower metals prices after China increased reserve requirements for banks in a
Read moreLondon afternoon: Footsie dips
17th Jan 2011 14:40
Leading shares lost ground over the lunchtime session, taking the Footsie back below the 6,000 level, with financials and miners featuring prominently among the losers. Miners such as Kazakhmys and Fresnillo are out of favour amid lower metals prices after China increased reserve requirements for b
Read moreLondon midday: Shares still seeking direction
17th Jan 2011 12:11
The top share index remains little changed despite the M&A excitement. US markets are closed today, so shares will have to look elsewhere for inspiration if they are to burst into life. BP is in demand after the oil giant announced a controversial landmark deal with Rosneft, the Russian state oil c
Read moreLondon open: Deals keep blue chips ahead
17th Jan 2011 08:37
London has opened moderately firmer, with potential M&A deals outweighing a weak start for the miners. BP has opened higher after the oil giant announced a controversial landmark deal with Rosneft, the Russian state oil company. As well as confirming the tie-up with Rosneft, BP said it has been aw
Read moreLondon pre-open: All eyes on BP
17th Jan 2011 07:35
Attention is focused on BP this morning after the oil giant announced a controversial landmark deal with Rosneft, the Russian state oil company. The market overall is tipped to open moderately firmer, with the blue-chip index seen opening around 10 points up from Friday's close. As well as confirm
Read moreRolls-Royce nets US Navy contract
17th Jan 2011 07:02
Rolls-Royce has won its biggest ever marine naval surface ship contract, sealing a deal to supply gas turbines and waterjets for ten of the US Navy's Littoral Combat Ships (LCS). The British company will equip each of the ships, designed to operate in combat zones close to shore, with two MT30 gas
Read moreWincanton director sells shares
12th Jan 2011 17:37
David Fawcett, group development director at the distribution group Wincanton, has pocketed more than £25,000 from the sale of most of his shares in the firm. He offloaded 15,534 at 1,62.4p a time and now has just 1,397 shares in the company. Wincanton has had a tough time over the past few months
Read moreLondon close: Snow deluge buries Footsie
6th Jan 2011 16:43
Footsie succumbed to the growing list of businesses hit by the snow over the Christmas holidays and closed lower for the first time this week. December's snowfalls cost British Airways about £50m in the third quarter and a little more at the start of January. BA, due to complete its £5.7bn merger w
Read moreSector movers: Antofagasta pulls miners lower
6th Jan 2011 16:40
Industrials metals and mining made losses Thursday on the back of a broker downgrade to mining giant Antofagasta. Nomura has downgraded Antofagasta from a 'buy' to 'reduce' as it struggles to find value in the copper miner which has more than doubled over the last six months. Since January 2009,
Read moreLondon afternoon: Winter woes fail to hold back FTSE 100
6th Jan 2011 14:51
It's three out of three days of gains so far this year for the top share index, with the impact of snow on retailers and other businesses over the Christmas failing to hurt overall sentiment. Miners such as gold group Randgold and industrial metals specilists Vedanta Resources and Xstrata are wante
Read moreLondon midday: New highs for FTSE 100
6th Jan 2011 12:12
The top share index is posting gains for the third day in a row and is trading at levels not seen since May 2008. Gold miner Randgold leads the mining sector higher as the price of gold stabilises. Vedanta Resources and Xstrata are the other stand-out stocks in the sector. It is chip designer ARM
Read moreLondon open: Flat start for FTSE 100
6th Jan 2011 08:32
The top share index is little changed in early dealings but a raft of trading updates from retail and other sectors has given traders plenty to ponder. Mother and baby retailer Mothercare today warned that it now expects full year underlying pre-tax profit to be below current market expectations af
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