FTSE 100 movers: ARM feeds off Apple success
21st Apr 2010 15:26
ARM is the best performer after the stupendous results from Apple last night driven by sales of the iPhone, which reportedly contains one or more chips designed by ARM. Fallers are dominated by ex-dividend stocks with BAE Systems, Petrofac, Rolls-Royce, Aggreko and Smith & Nephew all trading xd.
Read moreBroker tips: Ladbrokes, Tesco
21st Apr 2010 12:58
The £80m rebate from the tax man was an unexpected windfall that KBC Peel Hunt has not accounted for in its earnings forecast for bookie Ladbrokes. "Whilst it doesn't change the fundamental challenges facing the group it is another positive piece of news following the Canal+ joint venture and the
Read moreBroker snap: Tesco on undemanding valuation
21st Apr 2010 11:50
The market's reaction to Tuesday's results from Tesco was lukewarm but Charles Stanley thinks the supermarket's full year results were solid and creditable given the tough economic environment. The broker has left its earnings per share forecasts unchanged at 32.5p for 2011 and 35.8p for 2012 but b
Read moreLondon open: Dull start for blue chips
21st Apr 2010 09:00
London's blue chips have fallen back as a string of big names going ex-dividend weighs on the index. British Airways is higher on the ending of the UK flight ban. ARM is the best performer after the stupendous results from Apple last night driven by iPhone sales, which ARM reportedly designed the
Read moreWednesday paper round-up: IMF proposes two new global bank taxes
21st Apr 2010 06:33
The IMF is proposing a double-tax regime for banks that would fund future bailouts and penalise both the profits and pay of lenders. The proposal emerged in a leaked confidential document prepared for the G20 meeting of finance ministers to be held this week in Washington. The IMF wants two separat
Read moreLondon close:Equities advance on broad front
20th Apr 2010 17:11
London brought its two day losing streak to an end today, despite a mixed reception to the day's major company announcements and a disappointing set of inflation figures. A sharp rise in fuel costs was responsible for much of the acceleration in the inflation rate, which climbed to 3.4% from 3% in
Read moreFTSE 100 movers: Tesco bucks upward trend
20th Apr 2010 15:07
A strong performance from Footsie means that there are only five fallers in the index. The fallers include supermarkets retailer Tesco and its rival Wm Morrison Supermarkets. This follows Tesco's full year results announcement. Underlying profit rose by 10% to just shy of £3.4bn, with pre-tax prof
Read moreLondon afternoon: Tesco heads small band of fallers
20th Apr 2010 14:13
The blue-chip index shuffled sideways over the lunch time session with not even expectations of a firm opening on Wall Street encouraging buyers to commit further. Earlier in the day sentiment had received a knock from worse than expected inflation data. A sharp rise in fuel costs was responsible f
Read moreSector movers: Tesco weighs down food retail
20th Apr 2010 12:56
The food retail sector is under pressure after a lukewarm reception for Tesco's full-year results. The supermarket reaffirmed its position as the UK's supermarket powerhouse as profits last year surged to nearly £3.2bn with underlying growth of more than 10%. Total sales in the year to end February
Read moreLondon midday: Equities resume upward trend
20th Apr 2010 12:15
Worse than expected inflation figures gave the market pause for thought but leading equities have since recovered their poise and ended the morning session on an upward trend. A sharp rise in fuel costs was responsible for much of the acceleration in the inflation rate, which climbed to 3.4% from 3
Read moreLondon open: Footsie makes bright start
20th Apr 2010 08:49
Footsie has moved higher as retailers come into focus on a busy day on the company news front. Tesco reaffirmed its position as the UK's supermarket powerhouse as profits last year surged to nearly £3.2bn with underlying growth of more than 10%. Total sales in the year to end February rose by 6.8%
Read moreLondon pre-open: Retailers to lift Footsie
20th Apr 2010 07:35
Footsie is expected to move higher in early dealings as retailers come into focus on a busy day on the company news front. Tesco reaffirmed its position as the UK's supermarket powerhouse as profits last year surged to nearly £3.2bn with underlying growth of more than 10%. Total sales in the year t
Read moreTesco profits jump to £3.2bn
20th Apr 2010 07:03
Tesco reaffirmed its position as the UK's supermarket powerhouse as profits last year surged to nearly £3.2bn with underlying growth of more than 10%. Total sales in the year to end February rose by 6.8% to £62.5bn stripping out petrol. Including fuel, the underlying growth rate rises to 8.5%. Un
Read moreTuesday paper round-up: Goldman Sachs, Greece, Volcanic ash
20th Apr 2010 06:27
Goldman Sachs has been drawn into a fresh controversy as lawyers demand to know whether it was partly responsible for triggering Lehman Brothers' downfall by shorting its rival's shares. Goldman has been subpoenaed to hand over documents to Lehman's Bryan Marsal, the man responsible for winding up
Read moreTuesday preview: Tesco, AB Foods, Burberry
19th Apr 2010 17:33
There is no shortage of opinions on how well retailing leviathan Tesco did in the year to end-February 2010, but most observers agree that Tuesday's results are going to hit new records in terms of sales and profits. Market consensus is for pre-tax profit of £3.21bn on sales of £58.5bn, up from pro
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