London midday: Financials lead advance
6th Nov 2009 12:04
Banks and property stocks are leading the market higher, though the advance is being conducted at a leisurely pace. More huge write-offs sent Royal Bank of Scotland (RBS) deep into loss over the past three months. Nine-month losses now total £2.06bn against a profit £1.8bn this time last year. Des
Read moreLondon open: Flat start ahead of payroll figures
6th Nov 2009 08:37
London's top stocks have made a cautious start as investors reflect on more huge losses at British Airways and Royal Bank of Scotland. Later today the keenly watched US monthly non-farm payroll figures also come out. British Airways reported a record loss of £292m and urged Unite to withdraw its p
Read moreLondon pre-open: Gains ahead despite corporate losses
6th Nov 2009 07:37
London's top stocks are expected to open around 20 points higher despite news of huge losses at British Airways and Royal Bank of Scotland. British Airways reported a record loss of £292m and urged Unite to withdraw its plans for a strike ballot and resume talks with the carrier. The loss before t
Read moreTate & Lyle cautious over US
6th Nov 2009 07:28
Interim profits slumped at Tate & Lyle, with the sugar and sweeteners group cautioning that US markets remain under pressure. Sales in the half year to September increased by 7% to £1.82bn. Adjusted operating profit reduced by 1% (16% in constant currency) to £148m, with underlying profit before ta
Read moreLondon open: Footsie higher as G20 kicks off
25th Sep 2009 08:43
Early morning forecasters got it spot on today with Footsie opening up about 20 points higher after Wall Street narrowed its deficit in late trade overnight. Pittsburgh is likely to steal many of the headlines today as G20 leaders attempt to cobble together a cap on bankers' bonuses among other thi
Read moreLondon pre-open: Footsie targets 5,100
25th Sep 2009 07:37
The blue chip index is expected to claw back about a third of yesterday's 60-point loss early on after Wall Street narrowed its deficit in late trade overnight. Pittsburgh is likely to steal many of the headlines today as G20 leaders attempt to cobble together a cap on bankers' bonuses among other
Read moreTate & Lyle operating profit in line
25th Sep 2009 07:02
Tate & Lyle expects operating profit for the half year to be broadly in line with last year but the sugar and sweeteners group cautioned that a number of its markets remain challenging. The group said demand from food and beverage customers has proved resilient, though it has continued to experien
Read moreSunday tips round-up: Morgan Crucible, BAE, Tate & Lyle
2nd Aug 2009 12:04
Industrial material specialist Morgan Crucible's markets have been hit hard by the downturn. Last week's first-half results were reassuring and though the company does have a significant amount of debt - and there had been worries that a rights issue would be needed to shore up its balance sheet -
Read moreLondon close: US surge extends Footsie's winning streak
23rd Jul 2009 16:32
Footsie's winning streak extended to nine days as US markets surged ahead on better than expected June home sales and forecast-busting results from a number of US household names. Trading had been quiet up until mid-afternoon, but as soon as the US markets started to pick up buyers returned in earn
Read moreFTSE 250 movers: Yell up 20% after revenue hike
23rd Jul 2009 15:06
Weakness in the pound has given investors in directories group Yell something to shout about. The shares are up 20% after revenue in the three months to 30 June rose 1.5% to £475.3m from £468.4m a year earlier. On a constant currency basis, however, revenue dipped 10.4%. Shares in Tate & Lyle bou
Read moreTate & Lyle ahead of expectations
23rd Jul 2009 13:49
Shares in Tate & Lyle bounded ahead as the sugar and sweetener group reported first quarter underlying profits were ahead of expectations. "Profit before tax and exceptional items from continuing operations in the first quarter, after the benefit of favourable exchange translation, was in line wit
Read moreLondon afternoon: Footsie regains 4,500
23rd Jul 2009 13:46
The Footsie's eight day winning streak looks set to become nine days as the blue chip index hit 4,500 again amid more gains for US stocks. On the positive side, miners Fresnillo, Kazakhmys, Vedanta Resources, Rio Tinto, BHP Billiton, ENRC, Xstrata and Lonmin are all among the top ten risers on hope
Read moreLondon pre-open: Heading lower
17th Jun 2009 07:43
Another day of losses across the Atlantic is set to weigh on UK blue chips, with futures prices indicating an early 20-point deficit for London's leading index. Supermarket chain J Sainsbury is raising £445m via a placing and offering of convertible bonds to speed up growth and take advantage of th
Read moreNew Tate bosses firm up arrival dates
17th Jun 2009 07:25
Sugar and sweeteners group Tate & Lyle has firmed up dates for the installation of its new chief executive Javed Ahmed and chairman Sir Peter Gershon. Ahmed, currently Executive Vice President, Europe for Reckitt Benckiser and a member of the detergent maker's Executive Committee, will take over f
Read moreFriday tips round-up: Premier Farnell, Charles Stanley, Park
12th Jun 2009 06:44
Electronic components distributor Premier Farnell shares trade at just a touch over their year lows, which places them in cheap territory. If you believe the latest reports that indicate the recession has reached its nadir, now is probably a good time to dip your toe back into groups such as Premi
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