FTSE 250 movers: Spirax-Sarco steams ahead
4th Mar 2010 13:54
Spirax-Sarco, the engineer that provides services and products for steam-using and specialist peristaltic pumping markets, is higher after it posted record sales and profits in 2009, with a large helping hand from the weakness of sterling. Fellow engineer IMI is also posting strong gains. The compa
Read moreLondon midday: Footsie drifting sideways
4th Mar 2010 12:13
Footsie is trading sideways after the Bank of England decided on no change to its stance on interest rates and quantitative easing. UK interest rates stay at 0.5% and the QE programme at £200bn. On the company front, results are dominating. Engineering and project management firm Amec is worst of t
Read moreLondon open: Footsie struggles early on
4th Mar 2010 08:30
A four-day winning streak could end Thursday after a poor start following last night's late sell-off on Wall Street, weaker miners and some disappointing company results. Engineering and project management firm Amec is worst of the blue chips as investors react badly to a 3% slip in revenues, or 12
Read moreTrinity Mirror sees advertising improvement
4th Mar 2010 08:08
Newspaper publisher Trinity Mirror saw a sharp fall in profits in 2009 as advertising sales slumped and circulation revenues were squeezed, but said it had seen an improvement in advertising towards the end of the year. Pre-tax profits in the 53 weeks to January 3 fell to £72.7m from £124.2m over t
Read moreFTSE 250 movers: Chemring under attack
18th Jan 2010 13:07
Shares in Chemring are lower ahead of the military decoy specialist's preliminary results tomorrow. Retailers are mixed, with department store Debenhams and carpet and tiling retailer Carpetright higher but video games retailer Game in the red. Newspaper publisher Trinity Mirror and directories g
Read moreBroker tips: Unilever, HMV, Daily Mail
15th Jan 2010 13:11
Nomura fears that food and household goods giant Unilever faces increased competition from the likes of Procter and Gamble in 2010 and downgrades its rating on the stock to 'reduce' from 'buy.' 'We recommend taking profits,' Nomura says of Unilever, whose brands include Hellmann's mayonnaise and Pe
Read moreBroker snap: UBS upgrades Daily Mail
15th Jan 2010 08:39
Daily Mail & General Trust (DMGT) is the preferred newspaper play at UBS given its business-to-business exposure (c70% of profits) and attractive valuation. 'With much of the business comprising later cycle assets and professional publishers typically lagging the earlier cycle names by 2-3 quarters
Read moreDaily Mirror to run Sportech's Pools and Spot the Ball
6th Jan 2010 08:04
Sportech, the football pools company, has done a deal to reintroduce the Pools and Spot the Ball to the Daily Mirror. The company said it has secured a distribution deal with Trinity Mirror Group newspapers to get The Football Pools (trading as The New Football Pools) into its regional and national
Read moreFTSE 250 movers: Domino's Pizza delivers gains
23rd Dec 2009 08:40
Domino's Pizza, which said today that it will continue with its share repurchase scheme during its close period. In retail, sports chain Sports Direct is among the risers, but carpet retailer Carpetright falls back. Dairy group Robert Wiseman is the heaviest faller, with newspaper publisher Trini
Read moreLondon close: Flat finish for FTSE 100
18th Nov 2009 16:33
There was no shortage of market moving news today, but with stocks moving in both directions, Footsie finished little changed. It was day for high profile board room appointments, with the share prices of Marks & Spencer and ITV both responding well to an end to uncertainty over leadership issues.
Read moreLondon afternoon: Hershey & Ferrero size up Cadbury
18th Nov 2009 14:05
It has been a day for high profile board room appointments, with the share prices of Marks & Spencer and ITV both responding well to an end to uncertainty over leadership issues. Retailer Marks & Spencer (M&S) has poached Marc Bolland, chief executive of supermarket chain Morrisons, to be its new b
Read moreLondon midday: Market cheers M&S appointment
18th Nov 2009 12:02
Retailer Marks & Spencer (M&S) moved to the top of the news agenda this morning after it announced it has poached Marc Bolland, chief executive of supermarket chain Morrisons, to be its new boss. While Marks & Spencer's shares responded positively to the appointment, shares in Morrisons fell back o
Read moreSly Bailey on board at Ladbrokes
18th Nov 2009 07:41
Ladbrokes has appointed Trinity Mirror chief executive Sly Bailey as one of two new non-executives. Bailey, 47, joins Darren Shapland, 42, chief financial officer of J Sainsbury on the board of the bookie with immediate effect. Chairman Peter Erskine said: "Sly Bailey and Darren Shapland are
Read moreFTSE 250 movers: Revenue fall hits Tullett Prebon
13th Nov 2009 11:11
Shares in interdealer broker Tullett Prebon fall sharply after it said revenue fell 9% to £302m during the past four months. Business has continued to be "robust" since the end of June though, the firm said. Trinity Mirror falls back after good gains yesterday when it said advertising declines were
Read moreFTSE 250 movers: Trinity Mirror jumps as trends improve
12th Nov 2009 11:51
Shares in Trinity Mirror, which publishes the Mirror Newspaper and a host of local titles, jumped after said it is seeing an improvement in the rate of revenue decline and positive effects from its cost-cutting initiatives. Trinity is joined near the top of the FTSE 250 by Galiform. The joinery fir
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