London close: Flat finish despite banks' advance
11th Apr 2011 16:54
The top share index was seeking direction all day Monday even as banks advanced following the publication of changes proposed for the sector by the Independent Commission on Banking (ICB). While Lloyds Banking had a grumble about the ICB's recommendation that it should have to sell more than 600 br
Read moreLondon afternoon: Burberry eases after third quake
11th Apr 2011 14:15
The Independent Commission on Banking (ICB) has issued its interim report on changes proposed for the sector, and while Lloyds Banking has had a grumble about the ICB's recommendation that it should have to sell more than 600 branches, the market's reaction is that the report looks favourable for th
Read moreRWS encouraged by strong trading
11th Apr 2011 07:51
Patent translation specialist RWS Holdings said it is encouraged by strong trading in the first six months of the financial year and expects revenues to increase by at least 10% to £32.4m. The company also expects profits for the first half will be comfortably on course to deliver market expectatio
Read moreLondon close: Flat finish for FTSE 100
14th Feb 2011 16:42
The top share index finished flat after a sluggish day's trading. Takeover talk pushed the price of engineering stalwarts Weir Group and Invensys higher, with engineering colossus Siemens said to have cash burning a hole in its pocket. The German company's chief financial officer, Joe Kaeser, sai
Read moreLondon afternoon: Footsie in red despite miners
14th Feb 2011 14:29
Mining stocks are buoyant after China's economy grew 9.8% in the final quarter of 2010, but demand for miners has not prevented the blue-chip index from sliding into the red. Takeover talk is pushing the price of engineering stalwarts Weir Group and Invensys higher, with German engineering colossu
Read moreRWS off to solid start
14th Feb 2011 14:27
Patent translation specialist RWS Holdings said trading since the end of September has been encouraging and in line with expectations. The group has fully hedged its anticipated euro and dollar trading exposure at what it described as "attractive rates" for the current financial year. "We have a
Read moreSmall caps: EDP, Interbulk, RWS...
14th Dec 2010 13:34
Electronic Data Processing's pre-tax profit for the year to September was £584,000 up from £456,000 last year. Adjusted operating profit was £704,000 (2009: £707,000) which gives an operating margin of 12.6% (2009: 12%).Turnover was £5.58m compared with £5.84m last year. Trading conditions have
Read moreBroker tips: Punch, Hardy Underwriting, RWS
12th Oct 2010 13:00
The share price of Punch Taverns is looking the worse for wear after the group's full year results, though the figures were in-line with market expectations and current trading looks positive. Broker Panmure Gordon & Co. remains optimistic that Punch gives the potential to "generate significant sha
Read moreBroker snap: RWS on undemanding rating
12th Oct 2010 12:10
Intellectual property firm RWS Holdings is an "undervalued unique quality business", according to Numis Securities, RWS's nominated adviser (nomad). The broker has nudged up its price target for the stock from 316p to 323p after RWD's year-end trading statement revealed the company is sitting on m
Read moreSmall caps round-up: Orosur Mining, Imperial Innovations...
12th Oct 2010 11:50
Orosur Mining had a "good" first quarter as an increase in production to the upper end of expectations aided a swing to profit for the three months ended August 31. The company reported net income of $3.5m compared with a loss of $2.2m a year ago as output hit 12,937 ounces of gold and the average
Read moreLondon close: Footsie ends week higher
9th Apr 2010 16:58
Footsie bounced back from Thursday's decline and ended the week strongly. The index is nearly 0.5% higher over the week as a whole. Resource stocks were a positive influence in the Footsie with silver miner Fresnillo top of the tree. Xstrata ended the week well following reports in the Australian
Read moreLondon afternoon: Stocks still in the same range
9th Apr 2010 14:06
Footsie is performing in the same range and is unlikely to get any direction from the US, which is due to start with modest gains. Resource stocks are underpinning strength in the Footsie with silver miner Fresnillo top of the tree. Xstrata is going well following reports in the Australian press th
Read moreLondon midday: Oil and mining stocks boost Footsie
9th Apr 2010 12:14
Resource stocks are underpinning strength in the Footsie today. Miners lead the way, with silver miner Fresnillo top of the tree. Xstrata is going well following reports in the Australian press that it is contemplating a bid for MacArthur Coal, the Australian miner that is, itself, attempting to ta
Read moreLondon open: Miners up on quiet day
9th Apr 2010 08:21
Miners are giving London's top stocks a lift on a relatively quiet day on the company news front. Xstrata is leading the way, closely followed by Kazakhmys, Antofagasta, Anglo American and Eurasian Natural Resources. Mining giant Rio Tinto is also up after it said it is in talks with several of it
Read moreRWS says FY on track
9th Apr 2010 07:25
Intellectual property group RWS Holdings is on track to meet market expectations for the full year but said its technical translations teams, especially in Germany, have experienced severe trading conditions. Revenue for the six months ended 31 March is in line with management expectations, though
Read more