Thomas Cook bins divi after tougher September
29th Sep 2011 07:32
Though it stopped short of issuing another profit warning, package tour firm Thomas Cook said September has been a more challenging month than July and August, while it has also suspended future dividend payments as it seeks to rebuild its balance sheet. Summer booking trends in the holiday firm's
Read moreLondon pre-open: Weaker trend to continue
29th Sep 2011 07:19
Yesterday's late dive is set to continue this morning with City sources predicting the FTSE 100 will open down almost 90 points from yesterday's close of 5,281. Investors are banking some of their recent profits ahead of today's vote in the German Bundestag on the Eurozone bailout fund. Food ingr
Read moreThursday preview: Bumpy flight to continue for Thomas Cook
28th Sep 2011 17:43
If profit warnings are like London buses in the rush hour, and tend to come in threes, then shareholders in Thomas Cook can sit comfortably ahead of the package tour operator's trading update on Thursday, because the group has already had its 'allotted' three warnings over the last year. The perfor
Read moreLondon midday: Slide continues
22nd Sep 2011 12:04
The FTSE 100 has continued diving and now looks in danger of dipping below the 5,000 point mark as comments from the US Federal Reserve last night continue to jangle nerves. Miners Xstrata and Kazakhmys are now posting double-digit percentage losses. Luxury fashion group Burberry is also nursing he
Read moreLondon open: Early dive for FTSE 100
22nd Sep 2011 08:28
Stocks have come in for heavy selling in early dealings after the US Federal Reserve yesterday painted a gloomy picture of the growth prospects for the world's largest economy. "Information received since the Federal Open Market Committee met in August indicates that economic growth remains slow,"
Read moreLondon pre-open: Tin hats at the ready
22nd Sep 2011 07:18
Traders are strapping on their tin hats in expectation of a barrage of sell orders after the US Federal Reserve yesterday painted a gloomy picture of the growth prospects for the world's largest economy. "Information received since the Federal Open Market Committee met in August indicates that econ
Read moreFTSE 250 Movers: Life's a beach for Thomas Cook
21st Sep 2011 13:29
Thomas Cook stormed its way to the top of the leaderboard after Frank Meysman moved into the upper echelons of the notoriously short list of famous Belgians by being named as the new chairman of the travel group. The 59-year-old Meysman will replace current chairman Michael Beckett when Beckett re
Read moreLondon midday: Stocks stuck lower ahead of Greek announcement
21st Sep 2011 12:02
The top share index remains a few points in the red, with all eyes on Greece ahead of the sticken Eurozone member's announcement of austerity measures. Greece's foreign minister Stavros Lambrinidis has assured that the country will stay in the euro and not default. "For the past year and a half I'
Read moreThomas Cook names new chairman
21st Sep 2011 07:26
Frank Meysman has moved into the upper echelons of the notoriously short list of famous Belgians by being named as the new chairman of travel group Thomas Cook. The 59-years-old Meysman will replace current chairman Michael Beckett when Beckett retires at the beginning of December. Meysman has hel
Read moreLondon pre-open: Mixed start expected
21st Sep 2011 07:21
London's top-share index is set to open more or less unchanged with investors sitting on their hands ahead of the release today of the minutes from the September meeting of the Bank of England's rate-setting committee. Significantly, news last night from the European Comission that inspectors from
Read moreCapital deputy chairman goes shopping again
19th Aug 2011 17:22
Billionaire property investor John Whittaker has bought another round of shares in Capital Shopping Centres (CSC), bringing his total stake to more than 20%. He took 100,000 shares at 317.6p a time, the company announced today.. Following the purchases, Whittaker now has nearly 172.5m shares or a
Read moreFTSE 250 Movers: Savills given leg up by 39% profit surge
18th Aug 2011 13:35
Savills' share price was looking up after the real estate advisor posted a 39% surge in half year profit and said it remains well positioned for long term growth across its core regions. Pre-tax profit rose to £20m for the six months ended 30 June 2011 from £14.4m in 2010. Group revenue advanced 10
Read moreLondon close: FTSE 100 rallies to close with gains
16th Aug 2011 16:50
The FTSE 100 found strength as the day progressed, helped by some economic data from the US, and managed to finish with gains. Sentiment had been depressed earlier on by figures on this side of the pond. The Eurozone economy grew by a paltry 0.2% in the second quarter compared with the previous thr
Read moreLondon midday: Stocks fall back amid economic worries
16th Aug 2011 12:08
Stocks are firmly in the red as investors digest some sobering economic data both at home and abroad. The Eurozone economy grew by a paltry 0.2% in the second quarter compared with the previous three month period amid a sharp slowdown in growth in the trading bloc's economic powerhouse Germany. He
Read moreLondon open: Miners, engineers lead fallers
16th Aug 2011 08:33
Just four stocks were making gains in early trading as London's blue chip index slipped 1% lower. The Footsie gave up its gains made on Monday and was trading below the 5,300 mark as miners and engineers provided a drag. Randgold Resources was among the few risers, tracking the price of gold higher
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