London close: Footsie recovers losses
22nd Mar 2010 17:05
Footsie finished just a few points lower after an improvement on Wall Street helped London's leading share index recover most of its earlier losses. South Africa-focused bank Investec is leading the revival on its first day as a FTSE 100 constituent. Smiths Group is right behind after Smiths Interc
Read moreLondon afternoon: US strength sparks rally
22nd Mar 2010 15:19
A firm start on Wall Street has given London a lift and pushed the Footsie back towards Friday's closing level. South Africa-focused bank Investec is leading the revival on its first day as a FTSE 100 constituent. Smiths Group is right behind after Smiths Interconnect, a division of the technology
Read moreSmall caps round-up: Seeing Machines, ZOO Digital, Randall & Quilter...
22nd Mar 2010 13:48
Australia-based company Seeing Machines warned that full-year results are not expected to achieve current market forecasts due to delayed revenue growth and changes in accounting treatment to expense all development costs. Pre-tax losses came to A$403,000 in the six month ended 31 December compared
Read moreLondon close: Gains pared at the close
17th Mar 2010 16:48
London's gains were trimmed just before the close as traders took a few profits before heading off to celebrate St. Patrick's Day. Nevertheless, it was the highest close for the Footsie since the middle of 2008. Mining stocks led the advance, despite conflicting views in the broking community on th
Read moreLondon afternoon: Brokers in miners disagreement
17th Mar 2010 14:29
A firm opening by Wall Street gave UK shares an additional fillip over the lunchtime trading session. Miners are leading the advance, despite conflicting views in the broking community on their merits. Societe Generale is in the bearish camp, cutting sector giants BHP Billiton and Rio Tinto from 'b
Read moreLondon midday: Arriva bid lifts mood
17th Mar 2010 12:02
London is now handily higher, with the strength of transport groups and miners cancelling out the subdued performance of ex-dividend stocks such as HSBC, Standard Life and Thomas Cook. The main point of interest is confirmation from bus and rail group Arriva that it has had an unsolicited bid appr
Read moreSector movers: Hikma weighs on pharma sector
17th Mar 2010 11:40
Hikma Pharmaceuticals is weighing on the pharmaceutical sector even after it reported a 33% increase in 2009 operating profit and said it was confident of continuing growth. Broker Panmure Gordon was predicting yesterday that results from Hikma would be ahead of market expectations, so the in-line
Read moreLondon open: Footsie pushes on
17th Mar 2010 08:47
London has pushed on again this morning following strength on Wall Street late yesterday as US interest rates remained on hold. Miners have picked up as the dollar weakened after the decision by the Federal Reserve. Best performers so far include silver miner Fresnillo, Xstrata and ENRC. Aquarius P
Read moreSeeing Machines spots BHP deal
17th Mar 2010 08:02
Australia's Seeing Machines has won its biggest deal with the mining industry so far after selling its Driver State Sensor (DSS) computer vision product suite to BHP Billiton. The mining giant's Navajo Coal Company and San Juan Coal Company units will fit their entire haul truck fleet and a number
Read moreSmall caps round up: Mirada, Turbotec, GBG ...
15th Mar 2010 12:22
Shares in Mirada jumped after the audio-visual interaction specialist said it had won a research and development contract with an unnamed European telecommunications operator. Heat exchanger manufacturer Turbotec is to expand its manufacturing activities in Hickory, North Carolina as it relocates i
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