London pre-open: Positive start ahead
11th Sep 2009 07:34
London's blue chips look set to open comfortably higher with traders expecting Footsie to open around 30 points higher. Tesco said it will create more than 1,500 new jobs with the creation of a new partnership with Belgian company Fortis providing motor and household insurance. Initial investment
Read moreSThree profit slides by one-third
11th Sep 2009 07:04
Recruitment firm Sthree is still finding the going tough and said it is too early to call a turning point in the market despite signs of stabilisation in the UK. Demand for permanent placements remains especially weak, but the contract hiring market is proving more resilient, the company said in a
Read moreTuesday tips round-up: Domino's Pizza, Peter Hambro, SThree
21st Jul 2009 06:41
Domino's Pizza's announcement that it expects to beat the market's full-year profit expectations, after saying that interim profits were up 25%, is impressive, but increasingly the norm. While the stock is already looking pricey, there is not too much to hamper Domino's growth plans, and the extra
Read moreLondon close: Footsie finishes ahead
20th Jul 2009 16:41
London's top stocks remained in the same range and closed with good gains as financials and miners had a strong day. Wall Street starting higher also helped. Sentiment was lifted in the US after reports that lender CIT Group has obtained a last-minute emergency financing rescue deal worth $3bn. Ll
Read moreLondon afternoon: Strong US opening keeps Footsie ahead
20th Jul 2009 15:47
A strong start on Wall Street has kept Footsie in the blue though it has lost some of its early momentum. Lloyds Banking is the best performer on a weekend report it could post an interim profit despite enormous bad-debt provisions. Some of its most toxic sub-prime investments have clawed back bill
Read moreFTSE 250 movers: Housebuilders on top
20th Jul 2009 14:10
Housebuilders dominate the mid-cap index Monday following bright news on the housing market. Mortgage lending leapt by 17% in June to £12.3bn, its highest since December, according to the Council of Mortgage Lenders (CML). The Bank of England said the six major banks approved 51,000 mortgages for
Read moreBroker tips: Domino's Pizza, SThree, Next
20th Jul 2009 12:53
Domino's Pizza may have seen sales growth slow and reduced the number of new store openings, but Charles Stanley thinks the pizza delivery group is still in strong shape after this morning's trading update. The broker, which keeps its 'buy' rating and 305p price target on Domino's, says: "Earnings
Read moreLondon midday: Banks lead Footsie higher
20th Jul 2009 12:21
Blue chips have continued their recent surge with banks among the top risers as sentiment in the sector is boosted by last week's earnings reports from US rivals. Lloyds Banking is the best performer on a weekend report it could post an interim profit despite enormous bad-debt provisions. Some of i
Read moreLondon open: Good start for Footsie
20th Jul 2009 08:41
Footsie has started the week well after the bumper gains seen on Wall Street at the end of last week. Lloyds Banking is the best performer on a weekend report it could post an interim profit despite enormous bad-debt provisions. Some of its most toxic sub-prime investments have clawed back billions
Read moreSThree profits slump
20th Jul 2009 07:04
SThree just managed to stay in profit after the recruitment firm saw revenues hit by tough global economic conditions. In the year to May 31, pre-tax profits fell to £2.7m from £21.8m over the same period the previous year as revenues dropped to £280.6m from £295.4m. Permanent placements fell 34.
Read moreLondon close: Good gains for FTSE 100
5th Jun 2009 17:00
Footsie finished with good gains Friday as buoyancy in the mining sector and economic optimism from the US cancelled out the effects of continued political uncertainty here. Mining stocks were at the forefront of the advance on the back of strong metal prices and excitement at closer ties between h
Read moreLondon afternoon: Wall Street boost for London
5th Jun 2009 14:22
London's rise has been given extra impetus by expectations of a strong opening on Wall Street in the wake of better than expected US first-time jobless claims. Mining stocks continue to be at the forefront of the advance on the back of strong metal prices and excitement at closer ties between heavy
Read moreBroker snap: Cash position underpins SThree divi
5th Jun 2009 13:25
A weaker than expected set of interim results from specialist staffing business SThree has not changed KBC Peel Hunt's mind about the shares, which the broker believes are worth buying at the current price. KBC Peel Hunt said investors should not be surprised by the difficult trading conditions the
Read moreLondon midday: Upward trend continues
5th Jun 2009 12:11
Blue-chips shares continue to push ahead, led by minders in the wake of the decision by Rio Tinto to change tack with regards to its fund raising plans. Rio Tinto has capitulated to shareholder pressure and ditched its controversial $19.5bn refinancing deal with state-owned Chinese aluminium produc
Read moreLondon open: Miners buoyant as Rio raises $15bn
5th Jun 2009 08:56
A buoyant mining sector sent Footsie sharply higher in early dealings as investors rejoiced as Rio Tinto launched a $15.2bn rights issue. The cash call follows confirmation this morning that Rio Tinto had scrapped its controversial $19.5bn refinancing deal with Chinese firm Chinalco. The deal also
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