London pre-open: FTSE to start 'Titanic' week off on the right foot
21st Jan 2013 07:32
City sources predict the FTSE 100 will open up 20 points from Friday's close of 6,154, continuing last week's gains and remaining well above the significant 6,000 mark. "Titanic" is how Investec referred to the week ahead in a note sent to clients, as investors in the UK will have to watch several
Read moreStobart unveils new Chairman as Baker-Bates retires
21st Jan 2013 07:13
The non-Executive Chairman of Stobart Group, the UK-based support services firm, has announced his plans to retire with immediate effect. Rodney Baker-Bates, who has held the role since September 2007, will remain on the board until March. Deputy Chief Executive Avril Palmer-Baunack, who took up
Read moreLondon close: Stocks boosted by upbeat US data
17th Jan 2013 17:04
Following a subdued morning session, stocks across Europe raced into positive territory on Thursday afternoon on the back of some decent economic data Stateside. Better-than-expected US housing starts and jobless claims figures lifted the mood this afternoon, prompting a strong start on Wall Street
Read moreFTSE 250 movers: Home Retail Group tops the score
17th Jan 2013 15:57
Home Retail Group soared to the top of the FTSE 250 Thursday after Britain's biggest household retailer lifted its full-year profit guidance. The group said its annual pre-tax profit would be £10m pounds ahead of current market consensus at £73m after strong demand for tablet devices drove the grou
Read moreLondon midday: Markets shrug off strong showing by retailers
17th Jan 2013 11:45
In spite of a strong performance by retail stocks, the Footsie was trading flat by Thursday lunchtime with weakness in the mining sector limiting any upside for stock markets in London. Associated British Foods and Home Retail were standout performers in the UK, while retail peers Carrefour and Del
Read moreStobart to miss forecasts this year
17th Jan 2013 08:09
Shares in transport, logistics and support services group Stobart fell sharply on Thursday morning after the company said that full-year results will miss current market forecasts after a mixed third quarter. "Overall, the board expects the group's operating performance for the year to be slightly
Read moreThursday broker round-up UPDATE
17th Jan 2013 07:19
African Barrick Gold: Westhouse Securities reduces target price from 335p to 305p, while its sell recommendation is unchanged. Anglo American: Exane cuts target price from 2000p to 1650p and downgrades from neutral to underperform. Antofagasta: Exane ups target price from 1400p to 1500p keeping an
Read moreStobart to sell retail bond
13th Nov 2012 07:55
Stobart, the nation's best known trucking company, has entered the savings market with the launch of a retail bond. The company is offering a 5.50% per annum fixed rate six year Sterling bond, available from Tuesday. It did not say the total amount it intends to raise through the offer. The bond
Read moreLondon close: Markets in bullish mood ahead of US election results
6th Nov 2012 16:44
- Markets gear up for climax of presidential race - Economic data disappoints - Corporate earnings impress, Resolution leads risers after upgrade The UK stock market shrugged off some disappointing economic data to finish Tuesday's session with decent gains as a barrage of updates and results from
Read moreStobart hits the brakes on profit
25th Oct 2012 07:30
Logistics firm Stobart said underlying pre-tax profit fell as the recessionary climate continues to hurt growth in the transport sector, however it said long term expectations across the business remain robust. The haulage firm, which has been streamlining the business, said it is confident it has
Read moreStobart ships in new deputy CEO
18th Sep 2012 07:40
Logistics, warehousing and biomass group, Stobart, has announced the appointment of a new deputy Chief Executive Officer (CEO) as part of a boardroom shake-up. Avril Palmer-Baunack, who joined the group after the acquisition of Autologic Holdings in June, has got the deputy CEO gig as well being pr
Read moreLondon close: Stocks erase losses on ECB, Fed speculation
24th Aug 2012 16:43
- ECB considering target bands for yields - Merkel wants Greece to stay in Eurozone - UK Q2 GDP revised up. The Footsie rallied in late trading to finish flat on Friday after rumours of a European plan for bonds yields. According to Reuters, the European Central Bank (ECB) is looking at setting yi
Read moreFTSE 250 movers: Stobart down on performance update
24th Aug 2012 15:53
Logistics firm Stobart fell after saying its short-term performance in transport is lower than market expectations as the current recessionary climate continues to hurt the sector. Platinum miner Lonmin was out of favour after appointing Simon Scott, the group's Chief Financial Officer, as Acting
Read moreLondon midday: Stocks down despite revision to UK GDP
24th Aug 2012 11:46
- UK Q2 GDP revised upwards - Greece in focus as Samaras meets Merkel - US QE hopes fading fast UK stocks were volatile in morning trade on Friday but remained firmly in negative territory in spite of some upwards revision to second-quarter gross domestic product (GDP) data in the UK. The state of
Read moreLondon open: Footsie falls before GDP data
24th Aug 2012 08:27
- Leader to discuss Greek extension - Markets nervous ahead of UK GDP - Anglo American leads miners lower London's benchmark index slumped in early trading on Friday with mining stocks once again dominating the downward trend ahead of meetings of Eurozone leaders and the release of economic growth
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