London open: Footsie adds to losses
6th May 2010 08:20
London's top stocks are continuing this week's downward trend as the economic turmoil in Greece is still worrying investors. The European Central Bank is meeting this morning to discuss how to protect the Euro and calm down fears of a contagion. Wm Morrison is one of this morning's fallers after t
Read moreLondon pre-open: More falls expected
6th May 2010 07:38
Footsie is expected to fall further in early dealings falling a drop on Wall Street overnight as the economic turmoil in Greece continues to worry investors. Investors also have a stream of company updates to digest. Supermarket group Wm Morrison reported a small rise in first-quarter like for lik
Read moreSmith & Nephew posts 27% jump in profit
6th May 2010 07:01
Medical devices firm Smith & Nephew posted a better than expected 27% jump in first quarter profit and said it is on the right track for the rest of the year. The trading profit in the quarter was $250m, up from $183m in the first quarter of 2009. Revenues rose to $995m in the period compared to $8
Read moreThursday preview: Cobham, Smith & Nephew, UK election
5th May 2010 17:14
Thursday is the date of the general election in the UK and also a busy day for company announcements, with heavy hitters such as Cobham, Morrisons, RSA Insurance, Schroders, Smith & Nephew and Vedanta releasing trading updates. The futures markets in bonds and sterling will be up and running overni
Read moreWeek Ahead: Sage, Aberdeen Asset, Smith & Nephew
30th Apr 2010 11:53
It's a shortened week next week thanks to the May bank holiday and as usual Wednesday and Thursday look like being the busiest days, with FTSE 100 companies Sage, Legal & General, Liberty International and Next reporting on Wednesday and Vedanta, Morrison's, Schroders, Smith & Nephew and RSA Insuran
Read moreNon-exec buys initial stake in Aberdeen
17th Mar 2010 16:02
Aberdeen Asset Management non-executive director Gerhard Fusenig has bought his first shares in the fund manager since he was appointed to the board on 8 October 2009. Fusenig invested nearly £129,000 in 100,000 shares, which cost 128.84p each. Fusenig is Co-Chief Operating Officer of Asset Mana
Read moreLondon close: Miners pull index lower
11th Mar 2010 17:02
London bounced off 5,600 despite a weak start on Wall Street but still closed in the red on a poor day for miners. Falling commodity prices and China inflation concerns prompted profit taking in Fresnillo, Randgold, Rio Tinto, ENRC, Kazakhmys, BHP Billiton and Xstrata. Speculation rose that Chin
Read moreFTSE 100 movers: Miners spooked by China
11th Mar 2010 15:56
Miners dominate the fallers on the Footsie today as they are hit by fears that the Chinese government may try to hold back growth in the Chinese economy. Kazakhmys and Fresnillo are the biggest fallers. Wound care company Smith & Nephew lost a US patent infringement case brought by Kinetic Concept
Read moreLondon afternoon: Footsie holds above 5,600
11th Mar 2010 14:32
A steady decline continued through lunch, but London bounced off 5,600 despite a weak start on Wall Street as mining sector losses narrowed very slightly. Falling commodity prices have damaged miners Thursday. Investors decided to take profits in Fresnillo, Randgold, Rio Tinto, ENRC, Kazakhmys, BHP
Read moreSector movers: Retailers on the rise
11th Mar 2010 13:11
Home Retail Group is among the stocks lifting the retail sector. The Argos and Homebase operator said benchmark profit before tax for the year will be around £290m, slightly ahead of current market expectations. In the 8 weeks to 27 February, total sales at Argos declined by 6.6% to £537m. Total
Read moreLondon midday: Thos. Cook a ray of sunshine
11th Mar 2010 12:08
The Footsie has drifted into the red, weighed down by the weakness of mining stocks. Among the miners Fresnillo, Randgold Resources, Rio Tinto, ENRC, Kazakhmys, BHP Billiton and Xstrata are all on offer, as metals prices retreat. Smith & Nephew is under the weather after coming out on the wrong
Read moreBroker snap: Brokers play down Smith & Nephew patent impact
11th Mar 2010 11:33
Smith & Nephew's loss of a patent law suit with US firm KCI over its foam implants is a setback but unlikely to have any significant impact on earnings, brokers Morgan Stanley, Charles Stanley and Panmure Gordon all suggest. The patents at issue involve foam dressing used with vacuum-pressure syste
Read moreLondon close: Blue chips at 15-month high
29th Dec 2009 16:48
London's blue chip index closed at a new 15-month high having regained all of the ground lost after the collapse of Lehman Brothers. Footsie was last this high on 12 September 2008 when it stood at 5,416. The following day Lehman Brothers went bust. London is now the seventh stock market to regain
Read moreLondon midday: FTSE 100 at 15-month high
29th Dec 2009 12:21
London's blue chip index is now back above the levels before the collapse of Lehman Brothers with demand for miners again sparking the rise. Footsie was last this high on 12 September 2008 when it stood at 5,416. The following day Lehman Brothers went bust. London is now the seventh stock market to
Read moreLondon open: Good start for Footsie
29th Dec 2009 08:46
London's top stocks have made a decent start to the week after the extended weekend break, with miners among the top performers. There were good showings elsewhere, with the Nikkei index in Japan hitting a four-month high overnight and the German DAX closing above the 6,000 mark for the first time
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