London open: Shares start down
10th Dec 2009 08:15
London's top stocks are slightly lower in early dealings Thursday morning despite progress from US blue chips last night. United Utilities is leading the fallers following news that its chief financial officer Tim Weller is to jump ship to take over the CFO role at the Cable & Wireless division, Ca
Read moreDS Smith ahead of plan
10th Dec 2009 07:37
Packaging and office products wholesaler DS Smith expects to exceed full-year expectations after a ‘relatively good first half’. Underlying profit before tax , which excludes exceptional items, fell to £34.7m in the six months to the end of October, from £44.1m a year earlier. Exceptional costs of
Read moreLondon close: Footsie down but above 5,000
3rd Nov 2009 16:24
London's blue chips ended off session lows and back above the 5,000 level, helped by positive reaction to announcements from Lloyds Banking and Legal & General. Royal Bank of Scotland (RBS) remained resolutely out of favour, however, as the market reacted negatively to the revised terms of its part
Read moreLondon afternoon: Market licking its wounds
3rd Nov 2009 14:11
The FTSE 100 index clawed its way back above the 5,000 level over the lunch-time session, helped by positive reaction to announcements from Lloyds Banking and Legal & General. Royal Bank of Scotland (RBS) remains resolutely out of favour, however, as the market reacted negatively to the revised ter
Read moreMcBride CEO named new DS Smith boss
3rd Nov 2009 13:00
Personal care products group McBride is looking for a new chief executive after Miles Roberts tendered his resignation to take up the same position at cardboard and paper supplier DS Smith. DS Smith said Roberts, who has a twelve-month notice period at McBride, is expected to take up his position d
Read moreLondon close: Triple digit gains for FTSE 100
14th Oct 2009 16:36
Footsie ended with gains in excess of 100 points amid a backdrop of cheery economic news and encouraging earnings from the US. Shares started well after US chip-maker Intel smashed forecasts with its third quarter results, were given a boost by a smaller than expected rise in unemployment, then cli
Read moreFTSE 250 movers: DS Smith leads the way
14th Oct 2009 14:46
Cardboard and paper supplier DS Smith is higher after it said first half pre-tax profits will be 'substantially' ahead of expectations, although lower than last year's levels. Services, maintenance and building group Interserve is going well after announcing it has won a £40m contract to create an
Read moreLondon midday: Shares soar on US earnings optimism
14th Oct 2009 12:12
Shares are racing away after US bank JP Morgan followed Intel and smashed through forecasts for the third quarter. Futures are pointing to more than a 120 point gain for the Dow when the US kicks off and UK shares are climbing in anticipation. Intel's results came in well ahead of expectations per
Read moreLondon open: Bulls charge ahead after Intel optimism
14th Oct 2009 08:44
The bulls are in full charge mode this morning after forecast-busting third quarter results from Intel raised optimism for a strong US third quarter earnings season and eventual US economic recovery. Intel, the world's largest computer chipmaker, reported an 8.3% drop in net income for the three mo
Read moreDS Smith sees first half 'substantially' ahead
14th Oct 2009 07:39
Cardboard and paper supplier DS Smith said first half pre-tax profits will be 'substantially' ahead of expectations, although lower than last year's levels. This reflects a slower erosion of selling prices within packaging and a faster reduction in operating costs than originally envisaged, the gro
Read moreLondon close: Footsie clings on to gains
8th Sep 2009 17:01
Leading London shares closed mixed, with strong gains on resource stocks counter-balanced by losses on life assurance stocks. Kazakhmys, Antofagasta, Rio Tinto, Xstrata and Vedanta Resources led the mining sector higher, as metal prices improved. Gold miners Fresnillo and Randgold Resources were
Read moreLondon afternoon: Holiday stocks take flight
8th Sep 2009 13:56
After opening brightly London's leading shares have been treading water since the middle of the morning. Kazakhmys, Antofagasta, Rio Tinto, Xstrata and Vedanta Resources lead the mining sector higher, as metal prices improve. Gold miner Randgold Resources is wanted after the price of gold bullio
Read moreLondon midday: Gold shines to push Footsie higher
8th Sep 2009 11:56
Gold pushing through the $1,000 per ounce mark has helped Footsie post decent gains in the morning session with miners generally in demand again. Kazakhmys, Antofagasta, Rio Tinto, Anglo American, Xstrata, Randgold Resources and Vedanta Resources lead the mining sector higher. It is third time that
Read moreFTSE 250 movers: Pub groups fizz
8th Sep 2009 08:48
Shares in Enterprise Inns and Punch Taverns are in demand after strong food sales helped fellow pub operator Greene King post a healthy rise in like-for-like sales. Cardboard and paper supplier DS Smith is going well after saying it enjoyed a better than expected first quarter's trading. The firm
Read moreLondon open: Footsie still on the rise
8th Sep 2009 08:40
London's blue chips are on the rise again this morning ahead of Wall Street's return following Monday's public holiday. Kingfisher is going well after it mistakenly circulated some draft figures on Monday afternoon. That has foreced the DIY retailer to admit this morning that adjusted pre-tax profi
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