Thursday tips round-up: Vedanta, Tullow, Greene King
28th Jan 2010 05:54
There are few large-cap miners whose shares are as geared to commodity prices as India's Vedanta Resources. Last year's share price performance ? a rise of 327 per cent ? said as much. So, too, did yesterday's third-quarter update. The imminent redemption of a $725 million convertible bond at a 40 p
Read moreLondon close: Footsie weakness continues
27th Jan 2010 17:00
Shares continued their weak run of recent days, with the FTSE 100 ending the day deep in the red. Mining stocks fell on enduring concerns that the Chinese authorities will introduce further measures aimed at cooling down the country's overheating economy. Xstrata, Fresnillo and Anglo American are t
Read moreLondon afternoon: Stocks stuck in reverse
27th Jan 2010 13:38
London's attempts at a rally fizzled out over the lunch time session though the Footsie is trying once more at the mid-afternoon point to climb the mountain. Mining stocks continue to impede the blue-chip index's progress, however, on enduring concerns that the Chinese authorities will introduce f
Read moreLondon midday: Miners pull blue chips lower
27th Jan 2010 12:02
Footsie is trying to rally after an early sell-off on fears that China is planning fiscal measures to cool growth. Mining stocks once again feature prominently among the laggards, with Xstrata, Fresnillo and Anglo American the worst hit. Mining giant Vedanta Resources is also lower despite seeing
Read moreRenishaw interim profits halve
27th Jan 2010 07:49
A near-doubling of orders over the past six months put some gloss on a sharp fall in interim profits at high-tech precision tool maker Renishaw. The order book increased from £9.7m in June to £17.6m by end December with orders exceeding revenue in the each of the past six months, the group said. T
Read moreWednesday preview: Tullow, Britvic, Renishaw
26th Jan 2010 15:52
Oil company Tullow Oil, due to make a fourth quarter update on Wednesday, will be in celebratory mood after Heritage Oil shareholders rubber-stamped Tullow's purchase of Heritage's 50% stake in Blocks 1 and 3A in Uganda. Italian oil giant Eni agreed in November to buy Heritage's Ugandan interests f
Read moreTechMARK movers: Visonic to delist
11th Jan 2010 14:13
Alarm systems developer Visonic plans to delist from the Main Market and this has knocked its share price. Visonic does not have 25% of its shares in public hands so it does not satisfy the requirements for a London listing. Shareholders have to vote on the delisting but it is likely to happen on
Read moreTuesday tips round-up: BHP Billiton, Rio Tinto, Shanks
8th Dec 2009 06:36
The fundamentals for both BHP Billiton and Rio Tinto look good now their iron ore tie-up in Australia has finally happened. Spot iron ore prices are currently around one-third higher than contract prices, indicating the latter will move in line, and Chinese steel production continues at high level
Read moreLondon close: Lower finish for FTSE 100
7th Dec 2009 16:59
Footsie staged a recovery after a poor start early on and edged into positive territory in the afternoon but closed slightly lower. Rumours of a windfall tax in Wednesday's pre-Budget report rattled the banks. Royal Bank of Scotland, Lloyds Banking, Barclays and HSBC fell on suggestions that the Ch
Read moreLondon afternoon: Banks slide on tax fears
7th Dec 2009 14:39
Leading shares recouped some of their losses over the lunchtime trading session but the Footsie remains in negative territory, largely due to the weakness of banks and miners. Rumours of a windfall tax in Wednesday's pre-Budget report has rattled the banks. Royal Bank of Scotland, Lloyds Banking, B
Read moreLondon midday: Footsie rally fizzles out
7th Dec 2009 12:07
Footsie is going nowhere at present with the banks and miners sending the leading share index lower. Miners are under pressure with the improvement in the dollar. Better than expected US non-farm payroll figures last week have sparked speculation that the US could start to tighten monetary policy s
Read moreLondon open: Poor start for blue chips
7th Dec 2009 08:45
UK shares have given ground in early dealings after a mixed performance in the US on Friday. Miners are under pressure with the improvement in the dollar as the better than expected US non-farm payroll figure has sparked speculation that the US could start to tighten monetary policy sooner than pr
Read moreLondon pre-open: Stocks to start lower
7th Dec 2009 07:34
UK shares look set to give up a little ground first thing Monday in reaction to a dip in form on Wall Street after London closed on Friday. The Dow Jones had traded a three-figure gain for much of its morning session following a sparkling set of jobs numbers, but saw its lead trimmed later as the d
Read moreRenishaw FY guidance unchanged
7th Dec 2009 07:28
Engineer Renishaw said it expects first half and full year results to remain unchanged from previous guidance as the group's performance continues to improve. The group, which sells high-end engineering products such as calibration and neurological equipment, confirmed in September that a surge in
Read moreLondon close: Directionless day for FTSE 100
29th Sep 2009 16:52
Footsie finished slightly in the red after another day of flitting between the red and the blue while not showing any real sense of direction. Swiss bank Credit Suisse has issued a bearish note on the property sector prompting the likes of Land Securities, SEGRO and Hammerson to shift into reverse
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