London midday: Footsie flat after mixed earnings news
28th Jan 2010 12:13
Blue chips are struggling to make headway in the face of mixed company news today. Pay TV and Internet service provider British Sky Broadcasting (BSkyB) is one of the best performers after it said it had a strong second quarter with revenues coming in marginally ahead of expectations. Turnover in
Read moreLondon open: Footsie fights back
28th Jan 2010 08:20
London's top stocks have opened higher on Thursday, winning back some recent losses in early dealings. Pay TV and Internet service provider British Sky Broadcasting (BSkyB) is one of the best performers after it said it had a strong second quarter with revenues coming in marginally ahead of expecta
Read moreLondon pre-open: Bright start expected
28th Jan 2010 07:34
Footsie is expected to win back some recent losses in early dealings on a busy day on the company news front. Pay TV and Internet service provider British Sky Broadcasting (BSkyB) had a strong second quarter with revenues coming in marginally ahead of expectations. Turnover in the six months to the
Read moreTate & Lyle underperforms in third quarter
28th Jan 2010 07:03
Sugar and sweetener manufacturer Tate & Lyle said its third quarter performance was marginally below expectations due to lower sales of industrial products in the Americas. Other operations performed in line with expectations, with sugars delivering improved margins due to a price change on Octobe
Read moreMonday tips round-up: Vedanta, Tate & Lyle
11th Jan 2010 06:44
Because of its cash position, Vedanta has been able to continue to invest throughout the downturn. Vedanta is also likely to be looking for acquisitions, particularly in copper and iron ore. Revenues are likely to grow substantially over the next few years because of its diverse commodity base. Gol
Read moreLondon close: Footsie flatlines
7th Jan 2010 16:46
A late afternoon rally fizzled out to leave London's blue chip index little changed on the day. Banks emerged from a sticky start as the day's best performers led by Barclays and Lloyds Bank, which both received decent write-ups in an otherwise cautious broker note from Keefe, Bruyette & Woods. It
Read moreBroker tips: Miners, Tate & Lyle
7th Jan 2010 14:32
Cazenove remains ‘overweight’ on the mining sector and expects some aggressive increases to consensus EPS forecasts for 2010. Last year was a ‘tremendous’ one for mining stocks and the broker believes some favourable, ‘albeit slightly tired themes’ remain, like BRIC economic growth, infrastructure
Read moreLondon afternoon: Banks defy broker gloom
7th Jan 2010 14:27
Leading shares are mixed, with the Footsie barely changed now miners have recovered from a weak showing in the morning session to show gains in the afternoon. Kazakhmys and Fresnillo lead the mining sector but their gains are surpassed by two stocks from the banking sector where Barclays and Lloyds
Read moreFTSE 250 movers: Persimmon update lifts housebuilders
7th Jan 2010 12:58
Housebuilder Persimmon saw a rise in the number of home sales on which it achieved completions in the second half of 2009, but said it remains cautious on mortgage availability and the general economic situation. Peer Taylor Wimpey is leading the way, with Barratt Developments, Berkeley Holdings a
Read moreLondon midday: Bank sits on hands
7th Jan 2010 11:51
London drifted lower ahead of the announcement of the Bank of England's quantitative easing and interest rate decision, which, as expected, left both the level of interest rates and the scale of the quanititative easing programme unchanged. Mining stocks are proving to be a millstone round Footsie'
Read moreBroker snap: CS not so sweet on Tate & Lyle
7th Jan 2010 11:09
The annual round of price setting for sweeteners is not going so well, Credit Suisse reckons, prompting the Swiss bank to downgrade Tate & Lyle. With sweetener prices expected to be down by around 15%, Credit Suisse (CS) has chopped its earnings forecast for fiscal 2010/11 by £20m for sugar and swe
Read moreEx-Tate chief joins Balfour Beatty board
18th Dec 2009 07:33
Former chief executive of Tate & Lyle, Iain Ferguson, has joined the board of contracting firm Balfour Beatty as a non-executive director. Ferguson, who finally left the sugar and sweeteners company last month, will take up his new role on 1 January. Before starting work at Tate in 2003, the 54-ye
Read moreWeekend tips round-up: Shanks, Tate & Lyle, Rentokil
8th Nov 2009 09:49
Waste disposal space is running out and the continued use of landfill is impractical - and it is getting more costly. Landfill taxes will increase to £56 per tonne in 2011, £64 in 2012 and £72 in 2013. One company that will benefit from the new waste disposal regime is Shanks. Although Shanks' mar
Read moreLondon close: Shares shake off US blues
6th Nov 2009 17:15
The Footsie finished a see-saw day in positive territory, shrugging off concerns about the worse than expected US jobless figures, which revealed the US unemployment rate has risen above the 10% level. Banks enjoyed a day in the sun, helped by a positive response to results from Royal Bank of Scotl
Read moreLondon afternoon: Stocks slide on US jobless news
6th Nov 2009 14:04
Leading shares are retreating rapidly in the wake of worse than expected US non-farm payrolls data. October non-farm payrolls data showed the US unemployment rate rose to 10.2% from 9.8% in September. The number of jobs lost in October was 190,000, versus expectations of 175,000 job losses. So fa
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