Travis Perkins receives 92.7% rights take-up
12th Jun 2009 12:33
Building materials supplier Travis Perkins said it has received 92.7% take-up for its fully underwritten 7 for 10 rights issue to raise £314m gross and £300m net. The group said it has received valid acceptances in respect of 79.6m new shares, Citigroup Global Markets and HSBC Bank plc, acting as j
Read moreLondon close: Blue chips close lower
28th May 2009 16:51
UK blue chips closed lower despite a bright start on Wall Street with sentiment knocked by poorly received updates from Wolseley and Man Group. Hedge fund manager Man Group was weighed down by disappointing results. "The past financial year saw extraordinary turmoil in financial markets globally wh
Read moreLondon afternoon: Leading shares trim losses
28th May 2009 14:12
Shares staged a fight back over the lunch-time session but Footsie remains in the red ahead of the opening on Wall Street, which is expected to see shares open moderately firmer. Shares in hedge fund manager Man Group would be expected to plunge on a day when optimism about the economic recovery of
Read moreFTSE 250 movers: Wolseley plumbs the depths
28th May 2009 13:23
Shares in Wolseley fell back after yet another gloomy update from the plumbing supplies distributor. Trading profit more than halved in the first nine months of its financial year. Builders' supplies group Travis Perkins is down in sympathy. Bus and rail operators are mixed, with National Express
Read moreLondon midday: Bears bite Man
28th May 2009 11:56
Stock market bears were out in force again this morning in London after thee overnight shake-out on Wall Street. Shares in hedge fund manager Man Group would be expected to plunge on a day when optimism about the economic recovery of the US is in short supply but the stock is also weighed down by
Read moreTuesday tips round-up TUI Travel, RM, Travis Perkins
12th May 2009 06:39
The main doubt about TUI Travel is the intentions of TUI AG, its German 51% shareholder, which has talked about taking it private or swapping its debt for its continental assets. The uncertainty is unhelpful, but does not detract from the improving trading outlook. Hold says the Times. Brokers are
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