TechMARK movers: Smith & Nephew repairs share price
5th Nov 2010 13:19
Strong sales of artificial joints wound care products have boosted the share price of Smith & Nephew. Revenues in the quarter to September 2010 rose by 4% to $941m, while pre-tax profit rose to $201m from $173m. Shares in Cable & Wireless Communications are recovering following the announcement
Read moreLondon midday: Footsie subdued after surge
5th Nov 2010 12:19
Footsie remains slightly adrift following a mixed morning that has seen shares moving in both directions in the wake of yesterday's surge. Part-nationalised bank Royal Bank of Scotland is lower after it fell into the red in the third quarter. After restructuring costs, amortisation of intangibles a
Read moreLondon open: Modest start after yesterday's party
5th Nov 2010 09:00
Footsie has posted more gains but some of yesterday's euphoria has worn off after a mixed day so far for the banks. Part-nationalised bank Royal Bank of Scotland saw a 10% increase in its core operating profit in the third quarter over the preceding one. Core operating profit, excluding fair value
Read moreLondon pre-open: Footsie to top up gains
5th Nov 2010 07:30
More gains are expected for FTSE 100 Friday, capping a strong week for the leading share index. Unusually for a Friday, there is a fair amount of corporate news flow. Part-nationalised bank Royal Bank of Scotland saw a 10% increase in its core operating profit in the third quarter over the precedi
Read moreArtificial joints bolster Smith & Nephew
5th Nov 2010 07:12
A good performance from its orthopaedics business helped wound care and artificial joint maker Smith & Nephew over the past three months. Revenues in the quarter to September rose by 4% to $941m, compared to $915m in the same period last year. Pre-tax profits rose to $201m from $173m while tradin
Read moreFriday preview: Rentokil Initial, Smith & Nephew, Producer Prices
4th Nov 2010 17:21
It's an unusually busy day for a Friday with announcements expected from heavy hitters such as Rentokil, Smith & Nephew, Carphone Warehouse, HSBC and Royal Bank of Scotland. Rentokil Initial used to be known for its ability to deliver earnings growth of 20% or more each year back in the eighties an
Read moreLondon afternoon: Shares drift lower
20th Oct 2010 14:21
Shares turned south over the lunchtime session though it is difficult to ascribe any of the losses to the impact of the Comprehensive Spending Review, much of which was widely as expected. Mining stocks are doing their bit to counteract the effects of Footsie stalwarts BAE Systems, Smiths Group and
Read moreFTSE 100 movers: S&N heads risers
20th Oct 2010 13:18
Medical devices supplier Smith & Nephew has won its appeal over a patent dispute with Kinetic Corporation. A court in Texas says that the wound management patents are "invalid due to obviousness". S&N has already won similar cases in the UK and Germany. Xstrata has given the thumbs up to the $710
Read moreTechMARK movers: Patent dispute win for S&N
20th Oct 2010 12:42
Medical devices supplier Smith & Nephew has won its appeal over a patent dispute with Kinetic Corporation. A court in Texas says that the wound management patents are "invalid due to obviousness". S&N has already won similar cases in the UK and Germany. Kinetic has 90% of the US market for the ni
Read moreLondon close: Strong gains for FTSE 100
13th Oct 2010 16:36
Footsie moved up gear following a strong start on Wall Street, and was nearly posting triple-digit gains at trading's close. US stocks are going well following strong results from processor group Intel and banking giant JP Morgan and strong indications from the Federal Reserve that further stimulus
Read moreLondon afternoon: Still up over 1%
13th Oct 2010 14:45
The leading index broke above 5,750 briefly ahead of the opening bell on Wall Street, its highest since the end of April, led by a powerful mining sector. US stocks have started well - the Dow Jones is up almost 70 points - following strong results from Intel and JP Morgan and strong indications fr
Read moreFTSE 100 movers: Miners stimulated by US hopes
13th Oct 2010 13:31
Xstrata, Vedanta Resources, Anglo American and Rio Tinto are higher on hopes of a fiscal stimulus in the US. Oil services group Petrofac is upgraded to 'overweight' from 'equal-weight' by broker Morgan Stanley, which thinks business opportunities in Britain, Iraq and Algeria will boost the company
Read moreTechMARK movers: Antisoma awaits trial results
13th Oct 2010 12:57
Drugs developer Antisoma is higher following its interim management statement which says that it is on track to report phase III trial results for its AS1413 leukaemia treatment in the first half of 2011. Market research suggests that the potential market for AS1413 is worth up to $670m a year. If
Read moreLondon midday: Footsie boards the Fed express
13th Oct 2010 12:05
Hints from the US Federal Reserve that it will resume its bond buying programme sooner rather than later galvanised the UK market in the morning session with mining stocks going particularly well. Xstrata, Anglo American, Rio Tinto and Antofagasta are the pick of a mining sector buoyed by the pros
Read moreLondon close: Footsie finishes lower
5th Aug 2010 16:56
Blue chips closed lower on a mixed day for company results. Insurers rose on the back of figures from Aviva and RSA, but banks slipped back on Barclays' numbers. Disappointing unemployment data from the US also undermined confidence, while the decision from the Bank of England and ECB to keep inter
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