London open: Footsie opens strongly
11th Sep 2009 08:44
London's blue chips opened comfortably higher with buyers encouraged by indices in the US hitting new highs for the year. Miners remain the driving force behind the London market's recent surge. It is second-liners Fresnillo and Antofagasta that are the best performers today on hopes that economic
Read moreLondon pre-open: Positive start ahead
11th Sep 2009 07:34
London's blue chips look set to open comfortably higher with traders expecting Footsie to open around 30 points higher. Tesco said it will create more than 1,500 new jobs with the creation of a new partnership with Belgian company Fortis providing motor and household insurance. Initial investment
Read moreTesco insurance deal to create 1,500 new jobs
11th Sep 2009 07:01
Tesco said it will create more than 1,500 new jobs with the creation of a new partnership with Belgian company Fortis providing motor and household insurance. The deal will give Tesco responsibility for retail pricing, sales and marketing, customer service and new product development, while Fortis
Read moreTuesday newspaper round-up: T-Mobile, Cadbury, National Express
8th Sep 2009 06:12
Deutsche Telekom, the owner of T-Mobile, has decided to pursue a joint venture in the UK with Orange rather than an outright sale of its British division. A future with Orange, owned by France Télécom, would create a new market leader, pushing Telefónica's O2 off the top spot, with 37% of the UK mo
Read moreBroker snap: DSG to withstand Best Buy invasion
26th Aug 2009 12:55
Japanese broker Nomura Securities has been looking at the UK electrical retail sector ahead of the entrance, in partnership with Carphone Warehouse, of US player, Best Buy, and tips DSG International as the best stock to be holding. 'The middle market is increasingly competitive, causing a divergen
Read moreSunday tips round-up: Hochschild, Tesco, CSR
23rd Aug 2009 12:46
Precious metals miners are always highly rated - and this is certainly the case with Hochschild. The shares are trading on a December 2009 earnings multiple of 36.9 but this falls to 16.5 next year, which is much more reasonable. Although the group is paying a dividend, the yield is minimal at 0.4
Read moreLondon open: Decent gains posted
20th Aug 2009 08:23
Decent gains posted by Footsie after the open with the early pacesetters financials, especially banks, and miners. Mining giant Rio Tinto is higher despite seeing profits falling by more than half in the six months to June 30 as it felt the impact of sharply lower commodity prices amid tough econom
Read moreTesco creates 800 finance jobs
20th Aug 2009 07:32
Tesco Personal Finance (TPF), the supermarket giant's banking arm, will create over 800 jobs in Glasgow with the opening of a new customer service centre. Chief Executive of Tesco Retailing Services Andrew Higginson said the opening of the new customer service centre will be a significant step towa
Read moreLondon pre-open: Rally to continue
20th Aug 2009 07:03
London is set to continue the firmer trend seen late in the afternoon session yesterday with sentiment boosted by Wall Street's strength yesterday and strong gains overnight in Japan and Hong Kong. City sources predict the FTSE 100 will open 45 points up from the previous close of 4,690. Mining gi
Read moreWednesday's newspaper round-up: IMF, Thomas Cook, Nomura
19th Aug 2009 06:49
It's official: the recovery has begun - although recovery will be unpredictable and protracted, according to the International Monetary Fund's chief economist, writes the Telegraph. "The recovery has started," claims Olivier Blanchard in a paper to be published by the IMF on Wednesday. A large part
Read moreQuintain's Dwyer buys £50k stake
13th Aug 2009 16:33
Property company Quintain Estates has soared over 1400% from record lows in March, but bosses think the shares have further to go. Tonianne Dwyer, who joined Quintain in 2003 to head the fund management business, has spent £50,000 on 40,000 shares at 125p each. That takes 45-year-old Dwyer's stake
Read morePensions deficits soar despite rally
5th Aug 2009 11:31
The collective pension deficit of FTSE 100 companies has soared to £96bn, its highest ever, and Footsie would need to climb to over 7,000 to wipe it out, a new survey estimates. Pension consultants Lane Clark & Peacock (LCP) said last month's £96bn deficit is more than double the £41bn deficit in t
Read moreLondon close: US surge extends Footsie's winning streak
23rd Jul 2009 16:32
Footsie's winning streak extended to nine days as US markets surged ahead on better than expected June home sales and forecast-busting results from a number of US household names. Trading had been quiet up until mid-afternoon, but as soon as the US markets started to pick up buyers returned in earn
Read moreLondon afternoon: Footsie regains 4,500
23rd Jul 2009 13:46
The Footsie's eight day winning streak looks set to become nine days as the blue chip index hit 4,500 again amid more gains for US stocks. On the positive side, miners Fresnillo, Kazakhmys, Vedanta Resources, Rio Tinto, BHP Billiton, ENRC, Xstrata and Lonmin are all among the top ten risers on hope
Read moreLondon midday: OfWat report dilutes equity strength
23rd Jul 2009 11:54
The Footsie's eight day winning streak is in danger of coming to an end today as utility companies weigh down the blue-chip index after water regulator Ofwat outlined proposals for lower water bills. The water regulator's draft proposals would see the average annual water bill fall by £14 to £330 b
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