London afternoon: Utilities in demand
24th Jun 2010 14:23
Leading shares continued to pare losses over the lunch time session and though the Footsie remains in negative territory, much of that us due to the weakness of mining stocks. ENRC, Kazakhmys, Lonmin, Fresnillo and Xstrataare the big losers in the sector as concerns about Europe's debt crisis resu
Read moreUK SMALLCAP ROUNDUP: Hong Kong's MiLOC Group Plans AIM IPO
24th Jun 2010 12:30
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps MILOC GROUP, a Hong Kong-based healthcare company, is planning an initial public offering in London to raise funds to establish a network of traditional
Read moreLondon midday: Stocks off the bottom
24th Jun 2010 12:06
Leading stocks are off their lowest levels but the Footsie remains in the red with little hope of a boost in sentiment from Wall Street, where US stocks are expected to open moderately lower. Mining stocks are out of favour after an initially bright start. Early enthusiasm for miners was engendere
Read moreUK SMALLCAP ROUNDUP: DS Smith Eyes Less Cyclical Business
24th Jun 2010 09:30
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps DS SMITH PLC (SMDS.LN), a packaging company, Thursday said it is targeting higher returns and less cyclical business as part of a major company review.
Read moreUPDATE: DS Smith Targets Higher Returns, Less Cyclical Work
24th Jun 2010 08:50
(Adds executive and analyst comments, share price.) By Rachael Gormley Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Packaging company DS Smith PLC (SMDS.LN) Thursday said it is targeting higher returns and less cyclical business as part of a major company review. "In [sectors such as]
Read moreDS Smith profits jump
24th Jun 2010 08:11
Packaging and office products firm DS Smith narrowed losses last year and said the current year has started in line with expectations. Pre-tax profit surged 227% to £55m but that was due to the £55.7m exceptional charge last year. This year writedowns were only £13.3m. Despite an increase in sale
Read moreDS Smith FY10 Pretax Profit Soars To GBP55M; FY11 Starts Well
24th Jun 2010 07:21
LONDON (Dow Jones)--Packaging company DS Smith PLC (SMDS.LN) Thursday reported more than double fiscal year pretax profit as costs and spending fell, and said trading in the current fiscal year has started well. The company said sales volumes are increasing due to the wider recovery in market co
Read moreFTSE 250 movers: Fenner a faller
28th Apr 2010 11:27
Industrial conveyor belt maker Fenner falls after it announced a placing to fund acquisitions after posting a rise in pre-tax profits in the six months to February 28 despite lower revenues. Investors are betting against 888 Holdings after the online gambling company said trading has been disappoin
Read moreDS Smith H2 ahead of expectations
28th Apr 2010 08:24
Shares in packaging manufacturer and office products wholesaler DS Smith rose sharply after it said second half trading has been slightly ahead of management's expectations. "The group's profits have been underpinned by the steps taken to reduce costs, raise productivity and generate cash, but in r
Read moreDS Smith should match forecasts
4th Mar 2010 14:45
DS Smith is confident of meeting full-year expectations as rising sales helped the packaging and office products wholesaler beat forecasts for the third quarter. Results for the three months to 31 January have been underpinned by cost cutting, increased productivity and cash generation, said the fi
Read moreFriday tips round-up: Premier Farnell, IG Group, Begbies Traynor
11th Dec 2009 06:46
Distributor Premier Farnell is not the most exciting company in the world, but it is a solid bet. Given the recovery the company is starting to show and its solid management, there is no reason to desert it now and investors should be rewarded for holding the shares says the Independent. September'
Read moreLondon close: Financials lead advance
10th Dec 2009 16:31
UK shares closed not far off their best levels of the day as a strong start on Wall Street built on substantial support for UK-listed financial plays. Investors welcomed Alistair Darling's decision yesterday not to slap a windfall tax on banks and speculation that British lenders had agreed to resc
Read moreLondon afternoon: RBS rises on asset sale hopes
10th Dec 2009 14:19
Rises outnumber falls by around three to one among Footsie constituents, as the blue- chip index consolidates the morning's gains. Banks and insurers remains the flavour of the day, while properties and miners are out of favour. Royal Bank of Scotland leads the market rally on press reports that i
Read moreLondon midday: Banks lead rally
10th Dec 2009 12:34
Financial stocks are driving the market higher, with banks and insurers featuring prominently among the best performers. In the banking sector RBS, Lloyds and Barclays rack up the best gains while among insurers Standard Life, Legal & General and RSA are to the fore. Property stocks, however, are
Read moreFTSE 250 movers: Upbeat DS Smith leads the pack
10th Dec 2009 10:43
Packaging and office products wholesaler DS Smith leads the risers after saying it expects to exceed full-year expectations after a 'relatively good first half'. Electronic components distributor Premier Farnell reported a 37% fall in third quarter profits but the shares are higher after it said th
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