FTSE 250 movers: Supergroup still drifting lower
23rd Dec 2010 13:22
Supergroup's weak spell continues. The fashion group behind the ultra-hip Superdry label has enjoyed a stellar run since listing, but has been on a downward trend since warning on margins earlier this month. Elsewhere in companies that floated this year, grocery delivery group Ocado and online bett
Read moreFTSE 250 movers: M&A speculation making headlines
20th Dec 2010 15:42
The London Stock Exchange Group is among the high risers in the index Monday afternoon after yesterday's bid speculation in the Sunday Times. It was reported Sunday that Abu Dhabi was in talks to acquire a 20% stake in the company from Dubai, as it seeks to take control of the of the financial empi
Read moreLondon close: One-month high for Footsie
13th Dec 2010 16:33
More than £2bn of merger and acquisition activity got pulses racing in City dealing rooms, combining with strong miners and gains on Wall Street to send London to its highest in a month. Oilfield services group Wood Group is forking out $955m (£607m) for rival PSN, which it will merge with its prod
Read moreFTSE 250 movers: Britvic goes flat again
3rd Dec 2010 16:23
Soft drinks group Britvic, which yesterday saw its shares fall after its full year numbers, is lacking fizz again. Sector peer AG Barr, the company behind IRN-BRU, is also in the red. Barratt, Taylor Wimpey and Redrow move ahead after their fellow housebuilder Berkeley Group said it thinks it ca
Read moreEasydate non-exec sells
29th Nov 2010 16:44
Easydate non-executive Martin Higginson has taken advantage of the recent strong trading statement from the online dating company to sell nearly all of his shares. At the beginning of October, Higginson exercised options over 398,600 shares. He did not own any shares before then and he has sold 39
Read moreIMI seeks new chairman
25th Nov 2010 14:50
IMI is looking for a new chairman after Norman Askew today announced his decision to leave the engineer next year. Askew, who joined the board as chairman in May 2005 after running Virginia Power and BNFL, will retire in 2011. The 68-year-old stepped down as chairman of housebuilder Taylor Wimpey
Read moreTuesday newspaper round-up: Ireland, Rolls-Royce, Spotify...
23rd Nov 2010 06:35
Ireland's €85bn rescue will not be enough to stamp out the eurozone crisis, leading economists warned last night, as George Osborne conceded that British taxpayers may have to bail out other European countries. With the Irish Government on the brink of collapse and the credit agency Moody's predict
Read moreWednesday tips round-up: BHP Billiton, JD Sports, Cranswick...
17th Nov 2010 06:56
Given the strength of its balance sheet, BHP's stock is cheap, with Barclays Capital putting it on a multiple of just above nine times forecast earnings for the 2011 calendar year. The mining sector, on the other hand, trades on an average of eight times. That premium is far too slight for such a
Read moreLondon close: Battering for miners and banks
16th Nov 2010 17:08
It was downhill almost all the way for Footsie in the afternoon session after the US opened sharply lower, with miners getting a real bashing on the prospect of a slow-down in the Chinese economy. No less an authority than star fund manager Anthony Bolton raised the prospect today, in the first set
Read moreLondon afternoon: Gloomy miners
16th Nov 2010 14:10
Footsie retreated further over the lunch time session with mining stocks largely responsible for the decline, as metal prices pull back on fears that China will act to cool down its economy in the interests of reining in inflation. Antofagasta, Kazakhymys, Fresnillo, Xstrata and Rio Tinto are t
Read moreLondon midday: Battering for blue chips
16th Nov 2010 12:16
Footsie is deep in the mire after the late swoon on Wall Street last night and concerns over the health of the entire eurozone. Miners have tanked with metals prices, while banks are still edgy over the sovereign debt situation in Ireland. Kazakhymys, Fresnillo, Xstrata, Anglo American and Antofa
Read moreLondon open: Early losses for Footsie
16th Nov 2010 08:58
Footsie has posted substantial losses following the reversal on Wall Street last night, with miners and financial groups bearing the brunt of the selling. Kazakhymys, Fresnillo, Man and Antofagasta are the worst of the fallers so far, with chip maker Arm the best of the risers. It's another hefty
Read moreLondon pre-open: Footsie to fall back
16th Nov 2010 07:31
Footsie is expected to post substantial losses in early dealings following the reversal on Wall Street last night. In company news just out, profits soared at luxury fashion label Burberry in the six months to September 30 as sales of non-clothing items such as handbags jumped and the company exten
Read moreTaylor Wimpey sees top end profit
16th Nov 2010 07:03
Taylor Wimpey has been busy. The housebuilder is fully sold for 2010 and expects full-year profit to be at the top end of expectations, it's got a news finance director and has agreed a revised £950m credit facility with its banks. The group has performed well in the UK and trading is stable despit
Read moreLondon close: Footsie recovers as M&A action heats up
15th Nov 2010 16:37
The top share index snapped out of a weak start to finish in positive territory Monday as jitters over the Irish debt situation eased and bid speculation and company updates attracted attention. Shares in Invensys moved higher despite the engineering firm denying press reports that it has received
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