London afternoon: Back to square one
29th Sep 2009 14:34
It's back to square one for the Footsie which is barely changed on the day, with gains on banks and insurers counterbalanced by miners and property stocks. Swiss bank Credit Suisse has issued a bearish note on the property sector prompting the likes of Land Securities, SEGRO and Hammerson to shift
Read moreLondon midday: Blue chips still struggling
29th Sep 2009 12:06
Miners and property stocks are keeping Footsie in the red despite the banking and insurance sectors going well. Swiss bank Credit Suisse has issued a bearish note on the property sector prompting the likes of British Land, Land Securities, SEGRO and Hammerson to shift into reverse. Credit Suisse's
Read moreRenishaw wage cut partly restored
29th Sep 2009 08:20
Staff at Renishaw cheered today as the engineer said an improvement in order intake since the year-end means it can restore half the voluntary 20% cut in wages in force since February. Workers at the engineer will get the extra money between 1 October and 31 December and be back on full wages at th
Read moreLondon close: Upward march recommences
29th Jul 2009 16:47
Footsie was back to winning ways Wednesday as investors digested a stream of company updates. Fund manager Schroders led the way after Morgan Stanley upgraded the firm to "overweight" from "underweight" and raised its price target to 1,045p from 710p. Rexam was the major faller after it launched
Read moreLondon afternoon: Financials lift Footsie
29th Jul 2009 14:33
Risers outnumber fallers by around three to one among FTSE 100 constituents, as the blue-chip index resumes its upward climb following yesterday's pause for breath. Financial stocks lead the advance, with insurers Aviva, RSA and Standard Life to the fore, as is part-nationalised bank Royal Bank of
Read moreFTSE 250 movers: Updates shake up mid-cap index
29th Jul 2009 14:19
With several mid-cap firms in the news today, there has been a lot of movement in both directions. Shares in wireless technology group CSR lead the FTSE 250 higher after it said an end to destocking from customers should have a positive effect on third quarter revenues. Car dealer Inchcape is hot
Read moreLondon midday: Blue-chips advance on broad front
29th Jul 2009 11:50
Having seen its winning streak come to an end yesterday Footsie is back on the rise today despite some mixed corporate news. Rexam is the major faller after it launched its well-flagged rights issue to raise £351m at a big discount to the current share price. The interim dividend has also been scra
Read moreRenishaw profits battered
29th Jul 2009 11:01
Engineer Renishaw watched full-year profits plunge 89% as revenue tumbled due to a marked downturn in the second half. Pre-tax profit for the year ended 30 June fell to £4.7m from £43.1m in 2008 on revenue down 15% to £171.2m from £201.2m last time. Second half revenue slumped 37% to £68.9m. The c
Read moreLondon close: Footsie ends on low note
15th May 2009 16:29
London closed lower after a lacklustre afternoon session with losses on properties and travel companies outweighing gains on miners. Shocking figures from property giant Land Securities on Wednesday still cast a shadow over the real estate investment trusts (REITs). LandSecs leads the sector lowe
Read moreLondon afternoon: Travel companies trip Footsie
15th May 2009 14:10
London continues its gentle downward drift, with losses on properties and travel companies outweighing gains on miners. The market seems unlikely to get any sort of lift from Wall Street which is expected to open moderately weaker. Shocking figures from property giant Land Securities on Wednesday
Read moreFTSE 250 movers: Renishaw in focus
15th May 2009 13:41
Microscope maker Renishaw says cost cutting will offset the impact of tough market conditions and claims an operating loss for the second half is expected to be "somewhat less" than the £10m flagged in March. The company, which supplies microscopes, scanning probes and other devices, has already a
Read moreLondon midday: Rally stalls
15th May 2009 12:15
Weak properties and oils have pitched the Footsie into the red, despite the continued strength of banks and miners. Shocking figures from property giant Land Securities on Wednesday are still casting a shadow over the real estate investment trusts (REITs). LandSecs leads the sector lower but Hammer
Read moreRenishaw cuts loss forecast
15th May 2009 07:33
Renishaw says cost cutting will offset the impact of tough market conditions and claims an operating loss for the second half is expected to be "somewhat less" than the £10m flagged in March. The company, which supplies microscopes, scanning probes and other devices, has already announced 500 redun
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