London afternoon: US GDP data jolts Footsie into life
30th Sep 2010 15:02
Leading equities stormed higher after US second quarter gross domestic product (GDP) was revised upwards to show a 1.7% quarterly increase. Although this represented a slow-down from the 3.7% gain in the first quarter economists had not been expecting any improvement on the previous estimated gain,
Read moreLondon midday: Sluggish Footsie
30th Sep 2010 12:00
Investors are holding fire ahead of this afternoon's release of US gross domestic product data. The downgrading of the credit rating of Spanish sovereign debt came as little surprise and has had minimal effect on sentiment, as has news that the bail out of Anglo Irish Bank could cost Ireland as much
Read moreLondon open: Footsie falls back
30th Sep 2010 08:36
Yesterday's drab showing by Wall Street has engendered a cautious mood on this side of the pond, sending London's leading share index into the red. There has been plenty of corporate news for traders to get their teeth into, much of it relating to the food sector. Compass Group has headed south ev
Read moreLondon pre-open: Stocks set to step back
30th Sep 2010 07:31
Yesterday's drab showing by Wall Street has engendered a cautious mood on this side of the pond, and dealers expect the FTSE 100 to open around 25 points down from its close last night. There has been plenty of corporate news for traders to get their teeth into, much of it relating to the food sect
Read moreTate & Lyle on track despite higher corn costs
30th Sep 2010 07:01
Sugar and sweetener firm Tate & Lyle said today that it expects its encouraging start to the year to continue in spite of higher corn costs. In the speciality food ingredients division, growth in speciality sweeteners and starches has remained steady, while sucralose volumes have been robust, thou
Read moreFTSE 250 movers: Resource stocks on the rise
1st Sep 2010 13:46
Resource stocks are higher as commodity prices rise. Oil explorer and producer Salamander Energy and platinum specialist Aquarius Platinum are among the risers. However, not all commodity stocks are joining the party, with oil explorer Melrose Resources among the fallers. Investors also have an a
Read moreTate & Lyle non-exec takes a spoonful
23rd Jul 2010 11:07
Douglas Hurt, a non-executive director at Tate & Lyle, bought shares in the sugar and sweetener producer after an upbeat trading statement. In his first purchase of shares in the company, he took 5,000 at 471.7p a time, paying a total of £23,585. The share purchase came the day after Tate & Lyle s
Read moreFriday tips round-up: Capita, Kingfisher, Tate & Lyle
23rd Jul 2010 06:44
Yesterday's interim results from Capita provided fuel for the bulls. The company reported the strongest bid pipeline for many years - up 47%, compared with the same point last year, to £4.4bn. The interim numbers were in line with City expectations on the revenue front - but profits were ahead of f
Read moreLondon close: Footsie back above 5,300
22nd Jul 2010 16:39
London rose again to climb above 5,300 and close at its highest for over two months. A strong start on Wall Street got the afternoon session off to a good start, with buyers staying interested right to the end of the trading day. Rolls-Royce was best performer, on the back of the orders placed at t
Read moreLondon afternoon: Advance stalls
22nd Jul 2010 14:28
Shares moved sideways over the lunch-time session with investors keeping their powder dry ahead of day two of US Federal Reserve Chairman Ben Bernanke's testimony in the US Senate. Yesterday the Fed chairman's downbeat comments stopped a Wall Street rise in its tracks. Outsourcing giant Capita is s
Read moreLondon midday: Morning ends on a high
22nd Jul 2010 12:11
Better than expected UK retail sales gave equities a mid-morning boost and the FTSE 100 index finished the morning session close to its highest point of the day so far. Britons building up supplies for last month's World Cup, the good weather and further discounting had retail sales up smartly in J
Read moreLondon open: Footsie follows US stocks lower
22nd Jul 2010 08:24
London's top stocks opened slightly lower on Thursday following falls on Wall Street overnight. US stocks fell back after Federal Reserve chairman Ben Bernanke's testimony to US congress. The Fed chief warned the economic outlook remains "unusually uncertain," but he gave few clues on what measures
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
22nd Jul 2010 07:49
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0649 GMT [Dow Jones] Tate & Lyle PLC's (TATE.LN) interim trading statement "is pretty neutral," says Investec Securities anal
Read moreMARKET TALK: Tate & Lyle Trading Outlook 'Neutral' - Analyst
22nd Jul 2010 07:49
0649 GMT [Dow Jones] Tate & Lyle PLC's (TATE.LN) interim trading statement "is pretty neutral," says Investec Securities analyst Martin Deboo. Says: "I wouldn't have thought it provided much fuel for upgrades. Given the run the stock has had, I feel it's a pretty neutral statement. All the reported
Read moreLondon pre-open: Lower start expected
22nd Jul 2010 07:35
Footsie is expected to open lower following falls on Wall Street overnight. Outsourcing giant Capita said pressures on public spending may affect growth in the short term but it is confident its ability to deliver cost efficiencies will stand it in good stead. "There is buoyant demand for outsourci
Read more