London close: Triple digit gains for FTSE 100
1st Dec 2010 16:56
Footsie was posting triple-digit gains at trading's close as markets across the globe roared in approval at talk that the European Central Bank may take more measures to deal with the debt crisis. Shares here got an extra boost from news that activity in the manufacturing sector hit levels not seen
Read moreLondon afternoon: Footsie jumps 120 points
1st Dec 2010 14:17
After a strong morning session leading shares kicked on some more over the lunch time period, as worries over the eurozone debt situation subside. Talk that the European Central Bank may take more measures to deal with the debt crisis has buoyed European markets, with banks bouncing back more than
Read moreFTSE 100 movers: Cost cutting helps Sage
1st Dec 2010 13:20
Accountancy software provider Sage is the best performer in the Footsie following its full year figures. Sage reported a 14% increase in underlying pre-tax profit thanks to cost-cutting. Profit before tax, adjusted for foreign exchange movements, rose to £355.7m in the year to September 2010, from
Read moreTechMARK movers: Sage pushes ahead
1st Dec 2010 13:05
Strong full year figures from accountancy software provider Sage have pushed its share price up by more than 5%. Sage reported a 14% increase in underlying pre-tax profit thanks to cost-cutting. The main focus of those cuts was North America. Revenue was flat at £1.44bn but there was some organic
Read moreLondon midday: Shares keep climbing
1st Dec 2010 12:04
The leading share index looks to be heading towards triple-digit gains now as worries over the eurozone debt situation subside. Strong economic data and well-received company news here is also helping. Talk that the European Central Bank may take more measures to deal with the debt crisis has buoye
Read moreLondon open: Bright start for blue chips
1st Dec 2010 08:31
London has shrugged off yesterday's dull showing on Wall Street and is posting decent gains in the first hour. Prudential is leading the way after chief executive Tidjane Thiam made Asia the cornerstone of a plan to drive the life insurance group's profits strongly forward over the next two years.
Read moreLondon pre-open: Stocks set to open higher
1st Dec 2010 07:35
Undeterred by a soft showing on Wall Street last night UK stocks are set to open higher, with the Footsie expected to open up some 37 points firmer. Sage, the blue chip accountancy software firm, has posted a 14% increase in full-year underlying pre-tax profit thanks to the cost-cutting drive, most
Read moreSage sales grow in second half
1st Dec 2010 07:03
Sage, the blue chip accountancy software firm, has posted a 14% increase in full-year underlying pre-tax profit thanks to a cost-cutting drive, mostly in North America. Profit before tax, with foreign exchange impacts neutralised, for the year ended 30 September rose to £355.7m from £311.1m in 2009
Read moreWednesday preview: Thomas Cook, Sage, Manufacturing
30th Nov 2010 17:01
Business software giant Sage Group and travel company Thomas Cook provide the company focus midweek. With the cold weather truly upon us the market may well be in just the mood to get its teeth into a trading update from holiday firm Thomas Cook . The company recently announced its long awaited mo
Read moreLondon afternoon: Shares rally on QE hopes
8th Oct 2010 14:37
US jobless data proved to be much worse than expected, with non-farm payrolls declining 95,000 in September when they had been expected to remain virtually unchanged, but the 'glass half full' optimists have taken the view that this makes a resumption of economic stimulus by the Federal Reserve more
Read moreFTSE 100 movers: Broker changes move index
8th Oct 2010 13:18
Broker recommendations dominate the Footsie today. UBS has downgraded accountancy software supplier Sage from neutral to sell. Silver miner Fresnillo has also been downgraded, this time from neutral to underperform by Merrill Lynch. In contrast, HSBC has raised BAE Systems from neutral to overwe
Read moreTechMARK movers: Emblaze wins tax case
8th Oct 2010 13:05
Israel-based technology company Emblaze's UK subsidiary has won an appeal against the HMRC. The HMRC had withheld £8.8m of VAT repayments from a former subsidiary of the UK business. Emblaze was awarded costs but the HMRC still has the right to appeal. Emblaze says that after deducting costs an
Read moreLondon midday: Nervous wait for US jobs data
8th Oct 2010 12:25
The clock is ticking down on this afternoon's release of US non-farm payrolls data and the market is showing signs of nervousness, with the Footsie drifting back and in danger of slipping below 5600. Bank Barclays is down after PCP3, a vehicle linked to Man City owner Sheikh Mansour bin Zayed al-N
Read moreSunday press tips: Avocet, FirstGroup, Sage, perpetual bonds
3rd Oct 2010 14:15
Gold is an essential part of any portfolio, suggests the Sunday Telegraph's Questor, but the best time to buy the metal itself is when the price has dipped, which is clearly not the case at the moment. In Questor's view the best way to play gold at the moment is to buy gold companies that are inc
Read moreLondon close: Footsie rebounds as Wall Street recovers
28th Sep 2010 16:53
An upturn in the US buoyed sentiment on this side of the Atlantic too, helping Footsie to finish in the blue after a choppy day. The day started badly for London's leading share index but it. gradually recovered throughout the morning only to fall back after a poor start on Wall Street then rebound
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