London midday: Banks set the pace
2nd Aug 2010 12:14
Banking shares drove London higher in the morning session after better than expected figures from global banking giant HSBC. HSBC's pre-tax profit more than doubled to $11.1bn on a reported basis, while underlying pre-tax profit rose by 30% to $9.6bn/ Loan impairment charges and other credit risk
Read moreINTERVIEW: Senior Expects Flexonics Margin Decline In 2H
2nd Aug 2010 10:34
By Jason Douglas Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Aerospace engineer Senior PLC (SNR.LN) Monday said it expects to maintain improved margins at its aerospace unit but anticipates margins at its Flexonics business will decline in the second half of this year. Senior said its aer
Read moreUK SMALLCAP ROUNDUP: Zimbabwe Investment Co Eyes $25M AIM IPO
2nd Aug 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 MASAWARA, a Zimbabwe-focused investment company, Monday said it is aiming to raise $25 million in an initial public offering on London's junior Alternat
Read moreLondon open: Strong start for Footsie
2nd Aug 2010 08:53
Banks and miners are in favour this morning, helping Footsie make a bright start. The banks' interim results season kicks off later today with HSBC's first half figures and predictions at the weekend were for strong numbers across the sector. Lloyds, Barclays and Royal Bank of Scotland are all hig
Read moreSenior full-year profit to beat expectations
2nd Aug 2010 07:52
Senior, the manufacturer of high technology components and systems, said 2010 adjusted pre-tax profit are anticipated to be comfortably ahead of market expectations. In the first half, adjusted pre-tax profit rose to £32.5m compared with £23.5m last year, while revenue was slightly higher at £287.
Read moreMARKET TALK: Senior PLC Pretax Profit Ahead Of Expectations
2nd Aug 2010 07:48
0648 GMT [Dow Jones] Senior's (SNR.LN) interim pretax profit is ahead of expectations says a trader. FY adjusted EPS is lifted by 4% to 10.7p notes the trader. The trader sees potential for further upgrades during the 2H and says the shares look attractive particularly as the outlook for civil aeros
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
2nd Aug 2010 07:48
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] 0648 GMT [Dow Jones] Senior's (SNR.LN) interim pretax profit is ahead of expectations says a trader. FY adjusted EPS is lifte
Read moreSenior To Beat 2010 Views Following First-Half Profit Boost
2nd Aug 2010 07:42
LONDON (Dow Jones)--Aerospace engineer Senior PLC (SNR.LN) Monday reported a 43% rise in first-half pretax profit, attributed to a pick-up in sales and the benefits of cost-savings, and said it expects full-year earnings to better market expectations. Senior, which raised its dividend 11% to 1 p
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
29th Jun 2010 08:51
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0751 GMT [Dow Jones] Royal Bank of Scotland lifts Senior (SNR.LN) target to 140p from 128p. Says the trading update is ro
Read moreMARKET TALK: Royal Bank of Scotland Lifts Senior Price Target
29th Jun 2010 08:51
0751 GMT [Dow Jones] Royal Bank of Scotland lifts Senior (SNR.LN) target to 140p from 128p. Says the trading update is robust, indicating that 1H '10 profits will be in line with management's expectations. Says the company's cash flow has also been strong and despite a GBP8M-GBP10M currency impact,
Read moreLondon close: Miners lift Footsie
28th Jun 2010 16:24
London's top stocks ended Monday's trading session with modest gains thanks to strong mining stocks. Footsie traded in and out of the blue during the day, largely mirroring the performance of BP's share price. The massive clean-up operation in the Gulf of Mexico continues and has now cost BP $2.65
Read moreLondon afternoon: Miners prop up Footsie
28th Jun 2010 14:16
The Footsie has been in retreat since shortly after ten this morning and dipped back into the red over the lunchtime session before limping back into positive territory, helped by the strength of mining stocks. The Footsie's performance largely mirrors that of the share price of oil giant BP, which
Read moreFTSE 250 movers: Oil find boosts Premier
28th Jun 2010 12:55
Premier Oil is leading the FTSE 250 risers after a successful drilling result at its 35% owned Catcher East 28/9 licence in the UK Central North Sea. The estimated find of 300m recoverable barrels is the biggest in the North Sea for years and could be worth over £7bn. Partners Encore and Nautical al
Read moreLondon midday: Oils lift indices
28th Jun 2010 12:14
Markets are higher after some better news from BP in the Gulf of Mexico and on reflection of the outcome of the latest G20 summit. The massive clean-up operation in the Gulf of Mexico continues and has now cost BP $2.65bn (£1.75bn). The oil giant is stopping almost 23,000 barrels of oil from leakin
Read moreSenior First-half Trading In Line; Prospects Aided By Jet Orders
28th Jun 2010 09:21
LONDON (Dow Jones)--Aerospace engineer Senior PLC (SNR.LN) said Monday it expects profit for the first half of 2010 to be in line with its expectations, adding its prospects are positive due to rising orders for big jets like Boeing Co.'s (BA) Dreamliner. The company didn't provide six-month ear
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