London close: Nervy FTSE 100 closes higher
26th Oct 2011 16:47
It was another see-saw day for the FTSE 100 amid continued wrangling over the Eurozone crisis, but the top share index closed higher in line with a broadly higher showing on Wall Street. MARKETS AWAIT CRUCIAL MEETING Today's planned meeting of European Union Finance Ministers (ECOFIN) has been re
Read moreSector movers: Stobart and Wincanton fall, transport stocks reverse
26th Oct 2011 15:23
Steep falls for logistics and transport group Stobart and Wincanton were dragging down the industrial transportation sector on Wednesday. Stobart was the biggest faller on the FTSE 250 despite reporting a solid set of half year figures as it repositioned its strategy in the face of a prolonged weak
Read moreFTSE 250 Movers: Stobart falls after Investec cuts target
26th Oct 2011 13:11
Transport logistics firm Stobart was the biggest faller despite reporting a solid set of half year figures as it repositioned its strategy in the face of a prolonged weak economic background. The fall came as Investec cut its target on the stock from 176p to 165p, although its buy recommendation w
Read moreBroker tips: Next, Stobart, Informa
26th Oct 2011 12:56
Next was one of the worst performing stocks on the FTSE 100 on Wednesday after Deutsche Bank downgraded the high street giant from buy to hold, saying that it expects share price upside to remain muted until after Christmas. "The stock has closed its historic price-to-earnings ratio discount to bot
Read moreBroker snap: Investec cuts targets at Stobart
26th Oct 2011 12:55
Investec has cut its target price for FTSE 250 transport logistics group Stobart but kept its buy rating on the stock, saying that despite near-term challenges, the outlook remains encouraging. "As a result of the actions we have taken in Transport and Distribution we expect to report further progr
Read moreLondon close: Stocks rally but finish lower
26th Aug 2011 16:41
Stocks rallied ahead of the close but finished slightly lower on a day that was dominated by uncertainty surrounding the Federal Reserve annual meeting. The Fed still has tools to stimulate the economy chairman Ben Bernanke said, while declining to provide details as to when they might be used. A
Read moreSector movers: Transportation sector in reverse as Stobart and Frontline fall
26th Aug 2011 15:23
Share price falls at Stobart and Frontline meant that the industrial transportation sector was among the worst performing sectors on Friday afternoon. By 15:30, shares in transport logistics firm Stobart were 3.85% lower at 127.30p, after the company said that its transport and distribution divisio
Read moreLondon midday: Stocks slip but share-buying boosts Admiral
26th Aug 2011 12:18
Stocks have drifted into the red amid apprehension ahead of this afternoon's annual meeting of the US Federal Reserve. The results stream has slowed sharply, giving investors an opportunity to digest figures released earlier this week. AMEC, which yesterday reported a strong performance in its min
Read moreLondon open: FTSE 100 falls into red, markets await Bernanke
26th Aug 2011 08:31
The FTSE 100 fell into the red in early trading, with heavyweights AMEC, Resolution and ARM Holdings dragging the blue chip index lower, after a poor performance on Wall Street last night and a mixed session in Asia. Meanwhile, financials were on the rise, with Hargreaves Lansdown, Lloyds, RBS and
Read moreStobart hits a few bumps
26th Aug 2011 07:26
Transport logistics firm Stobart Group said its transport and distribution division is back on the right track in August after a difficult period in June and July, The division is seeing shorter lead times, significant fluctuations in volume caused by promotions and increasingly inaccurate customer
Read moreLondon pre-open: Flat start ahead of Bernanke speech
26th Aug 2011 07:17
Today is the big day of the week, with Federal reserve chairman Ben Bernanke set to make an eagerly awaited speech at the central bankers' conflab in Jackson Hole, Wyoming. Investors seem disinclined to commit themselves ahead of Bernanke's speech, with the Footsie expected to open barely changed.
Read moreStobart drives home a three-year plan
30th Jun 2011 13:23
Distribution group Stobart's key transport and distribution business recorded a fall-back in retail market volumes in the last month, reflecting more volatile demand from its retailers, but said it is trading in line with expectations despite challenging market conditions. The company, which had fa
Read moreSector movers: Stobart carries transportation stocks higher
17th Jun 2011 16:19
Stobart Group, the logistics giant, is providing a lift in the industrial transportation sector. The firm, which owns Southend Airport in Essex, announced yesterday that budget airline easyJet is to start operating flights from that location next year. Shares in Stobart are nearly 6% higher as of
Read moreLondon midday: Greek worries hit stocks
16th Jun 2011 12:16
Stocks are firmly under the cosh still as worries over the situation in Greece continue. Greek prime minister George Papandreou is to seek a vote of confidence in the Greek parliament today, as talks about a much needed rescue package from the EU continue to drag on. Despite all the worries though
Read moreLondon open: Shares dive as Greek crisis drags on
16th Jun 2011 08:33
Shares have taken a dive as the Greek debt crisis continues to set traders' nerves on edge and after US shares fell following some disappointing economic data from the world's biggest economy. Greek prime minister George Papandreou is to seek a vote of confidence in the Greek parliament today, as t
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