London afternoon: Footsie heads south
25th Feb 2010 14:23
The Footsie sank below last night's closing level over the lunch time session, weighed down by weak miners. On a busy day for big company results RBS continues to hog the headlines. Though off the top, the share price is still sharply higher after the part-nationalised bank saw its net attributable
Read moreLondon midday: Footsie flatlines
25th Feb 2010 11:45
London's top stocks have retreated from the gains sparked by Royal Bank of Scotland's numbers. RBS shares are up by more than 6% after the part-nationalised bank saw its net attributable loss narrow markedly in 2009 with fourth quarter impairments 5% lower than the third quarter. Net attributabl
Read moreLondon open: Miners offset RBS rally
25th Feb 2010 08:12
London's top stocks opened lower despite a set of despite figures from RBS suggesting there is light at the end of the tunnel for the bank. The drop comes even though Royal Bank of Scotland's shares jumped by more than 6% after the open. The part-nationalised bank saw its net attributable loss na
Read moreSegro narrows loss but remains cautious
25th Feb 2010 07:45
Industrial property group Segro narrowed full-year losses but said it remains cautious about occupier markets, particularly in the UK. The group reported a loss for the year ended 31 December of £234.1m compared with a £938.1m loss last time. Net Rental Income was up 10% to £269.4m, while adjusted
Read moreLondon pre-open: Stocks set to slide
25th Feb 2010 07:43
London is set to open lower despite a set of figures from RBS which suggested there is light at the end of the tunnel for the bank. City traders expect the blue-chip index to open around 26 points lower at 5,316. Royal Bank of Scotland (RBS) saw its net attributable loss narrow markedly in 2009 to
Read moreLondon close: Footsie gives up gains
11th Jan 2010 16:41
The leading share index gave up early gains to finish only slightly higher as euphoria over strong trade figures from China in December gave way to renewed fears over recovery prospects. China's December imports jumped by 55.9% from the same month the previous year, while exports were 17.7% higher
Read moreLondon afternoon: Stocks back on the climb
11th Jan 2010 14:16
Leading shares, which had been surrendering early gains at the end of the morning, picked up again over the lunch time session, helped by expectations of a firm start by Wall Street. In the absence of much in the way of corporate events to attract attention, traders have been focused on broker note
Read moreBroker tips: Land Securities, Ryanair, Carillion
11th Jan 2010 13:23
Real estate plays are in focus Monday as Goldman Sachs predicts more stable yields and a strong recovery in demand for prime office space. It thinks rising demand for office space, especially in Sweden and the UK, at a time when new supply is limited is likely to lead to a strong recovery in prime
Read moreBroker snap: Goldman backs Land Securities
11th Jan 2010 11:53
Real estate plays are in focus Monday as Goldman Sachs predicts more stable yields and a strong recovery in demand for prime office space. It thinks rising demand for office space, especially in Sweden and the UK, at a time when new supply is limited is likely to lead to a strong recovery in prime
Read moreLondon midday: Footsie loses some sparkle
11th Jan 2010 11:38
Footsie has lost some sheen as miners and property groups have given back some of their early gains. Brokers have been busy with a Citigroup review of the oil sector boosting Cairn Energy. The broker says that fast-tracking the multiwell exploration drilling programme in Greenland has made the grou
Read moreLondon open: Another bright start
11th Jan 2010 08:49
London's top stocks have opened strongly with good gains for resource stocks sending the index sharply higher. Cairn Energy leads the oil sector, while demand is strong for Rio Tinto, Kazakhmys and Fresnillo among the miners. Silver miner Fresnillo has also dropped out of the race for Canadian mini
Read moreSegro's European head departs
11th Jan 2010 07:27
Inès Reinman, Segro's head of Continental Europe has resigned from the industrial property group barely a year she was promoted to the board. Reinman was appointed as an executive director on 1 November 2008 having joined the group in October 2007. She was responsible for the Continental Europe pro
Read moreLondon close: Dull day for blue chips
30th Dec 2009 16:44
Footsie closed near its low for the day after banks and miners turned down on very low volumes ahead of a short day's trading tomorrow. A flat start on Wall Street didn't help, but it was Royal Bank of Scotland, Barclays and Standard Chartered that led the the banks down while miners Fresnillo, Rio
Read moreLondon midday: Stocks slip lower
30th Dec 2009 11:43
Tops stocks are lower with two of the bigger sectors of the market weighing. Royal Bank of Scotland, Barclays and Standard Chartered are down amongst the banks while miners Fresnillo, Rio Tinto, Lonmin and Anglo American also fall. Petrofac, the oil services firm, is outperforming after news of
Read moreSegro disposes of retail stakes
30th Dec 2009 09:24
Industrial property group Segro has sold its stake in two shopping centres, Surrey Quays in London and Clifton Moor in Yorkshire, to British Land for £26.9m. Segro invested in the centres 20 years ago in a joint venture with Tesco, which is the main tenant at both sites. In a statement, Ian Sutcl
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