FTSE 250 movers: Game slumps as chief departs
21st Apr 2010 11:41
Shares in Game have slumped after Lisa Morgan stepped down as the chief executive as the video game retailer revealed a sharp fall in profits in the year to January 31. Shares in the CD and DVD retailer HMV have also slipped back. Car and aeroplane parts supplier Senior is motoring ahead after say
Read moreLondon open: Dull start for blue chips
21st Apr 2010 09:00
London's blue chips have fallen back as a string of big names going ex-dividend weighs on the index. British Airways is higher on the ending of the UK flight ban. ARM is the best performer after the stupendous results from Apple last night driven by iPhone sales, which ARM reportedly designed the
Read moreSt James's rides equity market recovery
21st Apr 2010 07:33
Wealth manager St James's Place enjoyed record sales of single products and a strong inflow of new money in the three months to March as ISA and unit trust sales took off. Total new single investments rose by 57% to £1.1bn, up from £711m, with unit trust and ISA investments up 84% to £295.6m (2009:
Read moreWednesday preview: St. James's Place, Game, Unemployment
20th Apr 2010 18:02
Funds have been flooding in this year at wealth management firm St. James's Place so Wednesday's first quarter sales update should be an upbeat affair. The range of forecasts for sales on an annualised premium equivalent (APE) basis runs from £104m to £125m, with the median forecast being £116m.
Read moreFriday tips round-up: Rank, Segro, Hays
26th Feb 2010 06:42
Bingo club owner Rank's chief executive, Ian Burke, put his money where his mouth is by buying £100,000 worth of shares yesterday, demonstrating his confidence in the business. His decision could have been influenced by Rank's shares trading on a relatively modest 2010 estimated price to earnings r
Read moreLondon close: Carnival provides lift
24th Feb 2010 16:55
Footsie closed slightly higher, with Carnival giving London's blue chips a lift after announcing that it is going to increase the price of its cruises. Carnival was leading the FTSE 100 higher after the cruise operator said it will be lifting ticket prices following strong reservations activity for
Read moreLondon afternoon: Stocks steady at higher levels
24th Feb 2010 14:12
London has moved into consolidation mode in the afternoon session, ahead of a moderately firmer opening on Wall Street. HSBC remains the top performer as reports circulate that the company is preparing to sell its train leasing business for around £2bn. Sentiment towards the bank is also sweetened
Read moreLondon midday: HSBC rolls higher on train sale rumours
24th Feb 2010 12:04
Banks are leading the market's advance today, more than offsetting weakness among miners. HSBC was the morning's top performer as reports circulate that the company is preparing to sell its train leasing business for around £2bn. Sentiment towards the bank is also sweetened by reports that the boar
Read moreLondon open: Early gains for blue chips
24th Feb 2010 08:54
Financials are keeping Footsie moving forward this morning. Standard Life, HSBC and Aviva are all in demand despite the 100-point fall on the Dow overnight. Reckitt Benckiser is lower again on worries over the inquiry into its sales methods for Gaviscon heartburn products. Mining giant BHP Billit
Read moreSt James Place inflows soar
24th Feb 2010 08:01
St James Place's funds under management soared by 31% in 2009 to hit a new record as rising stock markets sparked a surge of new money into the wealth manager. Net inflows of funds last year were £2.3bn and funds under management ended the year at £21.4bn, the highest level in its history. On a st
Read moreFriday tips round-up: QinetiQ, LSE, Petropavlovsk
22nd Jan 2010 06:04
Profit warnings come in threes - or so the old stock market adage goes. That's why QinetiQ's second profit warning in a matter of months is a major concern, says the Telegraph. There are better opportunities elsewhere in the market for capital appreciation, so Questor advises taking the loss on the
Read moreFunds flood in at St. James's Place
21st Jan 2010 07:55
The last quarter of 2009 saw funds under management at wealth manager St. James’s Place rise by more than a billion pounds. Funds under management (FUM) during the October to December period rose £1.1bn to £21.4bn, with £700m of that representing new funds placed under St. James’s care. The annua
Read moreLondon midday: Ferrero pulls out of Cadbury chase
13th Jan 2010 11:56
Oils and banks are dragging the Footsie down, with sentiment also soured by disappointing manufacturing output figures. While industrial production showed a 0.4% rise in November, better than the 0.3% rise economists had been predicting, manufacturing output remained unchanged from October's level
Read moreMarket rally lifts St James Place
3rd Nov 2009 07:53
Strong demand for investment products as equity markets rallied helped new business pick up at wealth manager St James Place over the past three months. On an annual premium basis, total new business in the quarter to September rose 3% to £104.6m. The combined single investment and pension business
Read moreMichael Page's Dumon sells more shares
14th Oct 2009 17:11
Charles-Henri Dumon, managing director for continental Europe and the Americas at the recruitment giant Michael Page, has offloaded a big chunk of his stake in the firm. He sold 60,000 shares at 371p a time and now has a personal holding of about 1.23m. Dumon may be wishing he had waited a while
Read more