London close: Footsie at 2-week low
8th Jun 2010 16:14
London fell for the third session in a row Tuesday, damaged by a further slump at BP and as a wave of selling sank the banking sector. Comments from ratings agency Fitch about Britain's "formidable" budget deficit didn't go down well, but it was BP that stood out, hitting a 20-month low as the flow
Read moreUK SMALLCAP ROUNDUP: Rockhopper Mulls Main Market Move
8th Jun 2010 16:00
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 ROCKHOPPER EXPLORATION PLC (RKH.LN), an oil and gas explorer, said Tuesday it is considering a move to the main market of the London Stock Exchange follo
Read moreLondon afternoon: Miners revival not enough
8th Jun 2010 14:40
Footsie staged a small revival over the lunch time session, helped by a recovery by mining stocks, but the majority of FTSE 100 constituents are still in the red with laggards outnumbering leaders by three to one. BP is again among the worst performers as US president Barack Obama said he'd sack t
Read moreBroker tips: Tesco, Aggreko, WH Smith
8th Jun 2010 13:35
Philip Clarke, the nominated successor to Sir Terry Leahy, the Tesco chief executive who announced his impending retirement on Tuesday, is a bit of an unknown quantity in the City but broker Charles Stanley reckons Clarke's pedigree looks good. "Given his already lengthy career at Tesco and success
Read moreBroker snap: WH Smith to prove resilient
8th Jun 2010 12:59
It's business as usual at newsagent WH Smith with FinnCap predicting that the company's interim management statement (IMS) will not prompt any earnings estimate upgrades. Though like for like sales in the 14 weeks to 5 June were slightly weaker than expected the broker thinks that "the statement a
Read moreLondon midday: Blue chips struggle
8th Jun 2010 12:35
Blue chips struggled all morning with BP under the cosh again and investors surprised by the retirement of Tesco boss Sir Terry Leahy. BP is again among the worst performers as US president Barack Obama said he'd sack the British company's chief executive Tony Hayward. In an interview with NBC to b
Read moreUK SMALLCAP ROUNDUP: VP To Cut Net Debt GBP10M In FY11
8th 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 VP PLC (VP.LN), a U.K. equipment rental company, hopes to cut its net debt by a further GBP10 million in fiscal 2011, Group Finance Director Mike Holt sa
Read moreUK SMALLCAP ROUNDUP: Chloride Agrees GBP860 Mln ABB Offer
8th 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 CHLORIDE GROUP PLC (CHLD.LN), a manufacturer of secure power systems, Tuesday recommended an GBP860 million takeover offer from Swiss engineering giant A
Read moreLondon open: Flat start for Footsie
8th Jun 2010 08:41
Footsie is moving sideways this morning with investors unsettled by the late fall on Wall Street last night. Tesco is the big story. Chief executive Sir Terry Leahy is to retire next March with Philip Clarke moving up to take his place as CEO at the UK's top supermarket chain. Leahy steps down af
Read moreMARKET TALK: Shore Capital Keeps WH Smith At Buy
8th Jun 2010 07:56
0656 GMT [Dow Jones] WH Smith (SMWH.LN) offers a sales update in line with expectations, says Shore Capital and thus there is unlikely to be any changes to consensus pretax profit estimates. Says WH Smith is a well run, defensive company with a strong balance sheet and good cash generation. Shore ad
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
8th Jun 2010 07:56
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0656 GMT [Dow Jones] WH Smith (SMWH.LN) offers a sales update in line with expectations, says Shore Capital and thus there is
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
8th Jun 2010 07:46
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0646 GMT [Dow Jones] WH Smith (SMWH.LN) trading update shows total group sales -3%, with like-for-like sales -4%, compared t
Read moreMARKET TALK: WH Smith Update Shows Weak LFL Result
8th Jun 2010 07:46
0646 GMT [Dow Jones] WH Smith (SMWH.LN) trading update shows total group sales -3%, with like-for-like sales -4%, compared to the same period last year. Arden Partners' analyst Nick Bubb was looking for -3 LFL, "so the -4 is marginally worse, but not disastrously so." He says the company has turnov
Read moreLondon pre-open: Footsie to edge higher
8th Jun 2010 07:42
Footsie is expected to edge up in early dealings after closing in the red yesterday. Demand at the World Cup and a pick-up in business elsewhere means temporary power and temperature control services firm Aggreko expects performance this year will be significantly better than previously anticipate
Read moreWH Smith 14-Week Comparable Sales Fall 4%;Cautious On Spending
8th Jun 2010 07:15
LONDON (Dow Jones)--U.K. magazine and book retailer WH Smith PLC (SMWH.LN) Tuesday said sales at its stores open more than a year fell 4% in the first 14 weeks of its second half and it remains cautious about consumer spending for the rest of the year. The company said total group sales fell 3%
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