Broker snap: Trinity Mirror not fazed by price war talk
21st Jun 2010 12:04
Rumours that the Daily Star is about to cut its cover price has had little effect on the share price of Trinity Mirror, publisher of the Daily Mirror, suggesting that the market has already priced in the effects of a new tabloid newspaper price war. According to the Independent, the Star is plannin
Read moreMARKET TALK: Budget Could Stall Mid/Small Cap Outperformance
16th Jun 2010 10:56
0956 GMT [Dow Jones] Next week's UK budget could mark the end of the outperformance of mid and small-cap stocks, due to their generally higher exposure to government contracts, says Deutsche Bank. Suggests the IT services sector, newspapers, defense stocks and housebuilders could continue to struggl
Read moreTrinity Mirror Streamlining Operations, 200 Editorial Jobs To Go
10th Jun 2010 17:18
LONDON (Dow Jones)--U.K. newspaper publisher Trinity Mirror PLC (TNI.LN) said Thursday it is streamlining its operations, which will result in around 200 editorial job losses across its three titles, the Daily Mirror, Sunday Mirror and People. The group is creating new multimedia newsrooms linke
Read moreEssar and Barrick go straight into Footsie
9th Jun 2010 18:00
Two of this year's new issues have gone straight into the FTSE 100 index. Essar Energy and African Barrick Gold are the only two new inclusions in the the latest FTSE quarterly changes will further increase the non-UK proportion of the Footsie. The two resources businesses replaced London Stock Ex
Read moreFTSE Review: Essar Energy, African Barrick To Join FTSE100
9th Jun 2010 17:42
LONDON (Dow Jones)--FTSE Group said Wednesday African Barrick Gold PLC (ABG.LN) and Essar Energy PLC (ESSR.LN) are to join the FTSE 100, and Thomas Cook Group (TCG.LN) and London Stock Exchange Group (LSE.LN) will leave the index and join the FTSE 250 Index. MAIN FACTS: -The changes are part
Read moreFTSE 250 movers: BTG gets a shot in the arm
21st May 2010 14:06
Speciality pharmaceuticals company BTG is in demand after moving into the black. It is also gearing up to start phase III trials on its Varisolve varicose veins treatment following a recent successful meeting with the US Food and Drug Administration. Profit before tax in the year to end-March 201
Read moreFTSE 250 movers: Renishaw has tools for profit growth
14th May 2010 13:12
Renishaw is bucking the general downward trend. Improving activity levels and order book has put the precision tool maker on course to top last year's annual revenue figure and for profits to be "significantly" higher than expectations. Computacenter is another good gainer. The IT services provider
Read moreFriday tips round-up: Old Mutual, Thomas Cook, Trinity Mirror
14th May 2010 07:00
Old Mutual's shares have bounced strongly since 2009's lows, up 87% on the year. They now also come with a dividend ? the company resumed payouts in March after skipping two in a row ? which provides a 4.1% yield. However, at 121p, or ten times 2010 earnings, the greater appeal lies in progress on
Read moreFTSE 250 movers: Optimistic DSG moves ahead
13th May 2010 13:59
Shares in electrical retailer DSG International are higher. The Curry's and PC World owner saw an improvement in trading in the 28 weeks to May 1 as the economic outlook improved and said it was looking to this year's football World Cup for an extra boost. Premier Oil is also wanted. The oil group
Read moreTrinity Mirror revenues hit by election
13th May 2010 07:44
Newspaper publisher Trinity Mirror said trading remained volatile in the period up to May 2, a factor that was exacerbated in the run up to the General Election. The warning about the impact of the election comes the day after peer Johnston Press said that companies had been reluctant to splash out
Read moreFTSE 250 movers: Barratt builds gains
12th May 2010 13:56
Housebuilder Barratt is in demand after saying it expects to report an underlying profit in the second half of its current financial year after a pick-up in both prices and forward reservations. Shares in ITV are wanted despite a ruling from the Competition Commission saying the broadcaster will no
Read moreFTSE 250 movers: HMV wanted after strategy update
26th Mar 2010 13:58
Shares in HMV were in demand after the CD and DVD retailer unveiled a strategy that involves lifting sales of new products, increasing its presence in the live music and ticketing market and continuing to improve margins at the Waterstones book store chain. Home maintenance specialist Homeserve is
Read moreFriday paper round-up: Rail strikes, Greece, Budget
26th Mar 2010 06:33
Millions of passengers will be hit by the first national rail strike for 16 years when workers begin a four-day walkout immediately after Easter. Signallers, maintenance workers and supervisors will strike from April 6 in a row over job losses and changes to working practices unless a last-minute d
Read moreLondon close: Footsie suffers hiccup
4th Mar 2010 16:40
The blue chip index failed to stretch its winning streak to a fifth session, falling for the first time this week on negative results reaction and downbeat miners. It held above 5,500 all day despite coming close just after trade began and towards the end of play. Engineering and project managemen
Read moreLondon afternoon: Stocks are becalmed
4th Mar 2010 14:13
It's been an up and down day for the blue-chip index although the Footsie has rarely strayed far from its overnight level. As expected, the Bank of England has held interest rates at 0.5% and taken no further action on quantitative easing (QE) amid conflicting signals over the state of the UK econo
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