London midday: Footsie subdued after buoyant start
1st Nov 2010 12:02
Footsie has failed to rediscover its early-morning buoyancy and sits in the blue by a few points. Among the laggards is Serco. The company, which carries out work for the government such as operating prisons and London's Docklands Light Railway, has taken a knock after it was forced to make a grove
Read moreSerco backtracks on rebate demand
1st Nov 2010 11:08
Pressure from ministers has forced outsourcing group Serco to scrap its demand that suppliers pay it a 2.5% rebate to help cover the cost of coalition spending cuts. The company, which runs prisons, nuclear facilities, schools and ports for the government, sent a letter to about 200 businesses requ
Read moreLondon open: Footsie charges higher
1st Nov 2010 08:32
High demand for banks and miners got the week off to a good start, offsetting weakness in the outsourcing sector. Banks are going well as trading updates loom. Lloyds Banking Group is getting ready for tomorrow's statement with a 2% jump, while Royal Bank of Scotland and HSBC are also making up gr
Read moreSunday newspaper round-up: Royal Bank of Scotland, Serco, BHP Billiton...
31st Oct 2010 10:42
Royal Bank of Scotland is poised to reignite the row over banker pay by hiring a City dealmaker who sued his last employer for refusing to pay him a bonus. A new hiring spree in the group's controversial investment bank has led to the appointment of John McIntyre, the former head of global strategi
Read moreSunday tips round-up: Serco, EasyDate, Vitec, Smiths
17th Oct 2010 14:01
When the coalition Government unveils its Comprehensive Spending Review on Wednesday following weeks of speculation, outsourcing companies will be watching particularly closely where the axe falls on public spending. Support services companies, such as Serco, have stressed that the spending cuts sho
Read moreLondon close: Footsie turns lower as US nerves kick in
21st Sep 2010 16:33
Footsie fell into the red in late trading as nervousness kicked in on Wall Street ahead of the Federal Reserve's statement on the outlook for the US economy this evening. The Fed will also make its rate decision. In company news here, Cairn Energy was a strong performer after an update of drillin
Read moreLondon afternoon: Footsie cruises higher
21st Sep 2010 14:27
The blue-chip index edged a little higher over the lunch time session but traders are reluctant to go too far out on a limb prior to the Federal Reserve's rate decision, due to be announced this evening. Dual-listed cruise operator Carnival said third quarter revenues rose to $4.4bn from $4.1bn th
Read moreLondon midday: Slick gains from oil companies
21st Sep 2010 12:04
Footsie has recovered its poise after taking a bit of a knock following disturbing public sector borrowing figures. The measure of public sector net borrowing came in at £15.302bn, up from £14.1bn in August last year, and well ahead of forecasts of £12.51bn. Cairn Energy is the best performer after
Read moreLondon open: Footsie makes small gains
21st Sep 2010 08:54
Footsie has opened higher encouraged by yesterday's 145-point surge on Wall Street and some bullish company news. Online betting exchange Betfair must think the recent rally is sustainable. It is to take a punt on the market's appetite for new issues and float in London. No pricing details accompan
Read moreLondon pre-open: Indecisive start in store
21st Sep 2010 07:37
In keeping with the other major European indices the Footsie is expected to open barely changed from last night's close, with traders keeping their powder dry ahead of this evening's announcement from the US Federal Reserve about its interest rate policy and, more importantly, its stance on further
Read moreSerco adds partner to pathology JV
21st Sep 2010 07:15
Outsourcing giant Serco said a leading National Health Service (NHS) foundation trust is joining its pathology joint venture to form the UK's largest provider of pathology services. King's College Hospital NHS Foundation Trust has joined GSTS Pathology, the joint venture between Guy's & St Thomas's
Read moreSunday tips round-up: Sportingbet, PureCircle, Serco...
5th Sep 2010 13:08
Over the next couple of years it's possible that the online gaming industry will emerge from its troubled past and boom again as it did in the early years of this century. With this in mind, the Mail on Sunday reckons the London-listed online bookmaker Sportingbet might be worth a flutter. Sportin
Read moreUPDATE: UK Cable: Govt To Allow Civil Nuclear Exports To India
28th Jul 2010 17:32
LONDON (Dow Jones)--Business Secretary Vince Cable Wednesday said the government plans to allow the export of the U.K.'s civil nuclear technology and expertise to India for the first time. The plan comes despite previous security concerns as India isn't a signatory to the Nuclear Non-Proliferati
Read moreUK Cable: Govt Set To Allow Civil Nuclear Exports To India
28th Jul 2010 12:43
LONDON (Dow Jones)--Business Secretary Vince Cable Wednesday said the government plans to allow the export of the U.K.'s civil nuclear technology and expertise to India for the first time. The plan comes despite previous security concerns as India isn't a signatory to the Nuclear Non-Proliferati
Read moreRaytheon Wants Talks With UK Govenment On E-Borders Contract
23rd Jul 2010 15:02
By Steve McGrath Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Raytheon Co. (RTN) Friday said it wants urgent talks with the U.K. government about a border control technology contract, a day after the U.K. said it was terminating the U.S. company's contract because critical parts of the progra
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