London pre-open: Early advance expected
19th Jun 2009 07:39
Overnight gains in the US are likely to give London a modest 20-point lead in early deals, according to futures prices. Housebuilder Taylor Wimpey may increase outlet openings during the second half of the year following continued stability in the UK housing market since April’s final results. Its
Read moreTaylor Wimpey says market stability continues
19th Jun 2009 07:02
Housebuilder Taylor Wimpey may increase outlet openings during the second half of the year following continued stability in the UK housing market since April's final results. Its net private reservation rate remains at around 0.6 per site per week, with prices broadly flat and cancellation rates be
Read moreFriday preview: Taylor Wimpey, UK Coal
18th Jun 2009 15:22
Fallen housing giant Taylor Wimpey holds its AGM on Friday, the day after figures from the Council of Mortgage Lenders (CML) revealed that the UK housing market is still in a slump. The CML said gross mortgage lending dipped to £10.3bn last month from £10.5bn in April, but held above February's £10
Read moreFTSE 250 movers: Talvivaara joins miners' rally
1st Jun 2009 11:18
Nickel and zinc specialist Talvivaara Mining moves higher in line with a rally across the mining sector amid hopes of a global economic recovery. South American precious metal miner Hochschild Mining is also doing well. Housebuilders are also doing well, with Taylor Wimpey, Redrow and Barratt in th
Read moreLondon open: Early surge for Footsie
1st Jun 2009 08:37
London has opened sharply higher after gains in Asia overnight and with strong showings by the mining and oil sectors. There are only a handful of fallers this morning so far with the miners and oil stocks pushing the index higher. Xstrata, Vedanta and Lonmin are leading the way with Cairn Energy t
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 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 moreBroker tips: Lonmin, housebuilders, Mitchells & Butlers
21st May 2009 11:32
Platinum miner Lonmin has been boosted by a positive note from Citigroup which said that the management came across as confident, 'but not recklessly over-confident' in a meeting with sell-side analysts this week. Citi believes Lonmin's bosses are right to be quietly confident, but added that the '
Read moreBroker snap: Credit Suisse softens view on housebuilders
21st May 2009 11:30
After being bearish on the housebuilding sector since the second half of 2007, Credit Suisse now thinks the sector might have turned the corner. Improving economic data, some signs of life in the UK housing market, plus attractive valuations for many housebuilding stocks has prompted the Swiss bank
Read moreLondon close: Footsie takes a dive
13th May 2009 16:31
Footsie gave up its recent indecisive spell to dive into the red after an unexpected fall in US retail sales tempered recent talk that we are on the cusp of an economic recovery. Financial shares were the worst performers in London, not helped by disappointing trading updates from Legal & General a
Read moreLondon afternoon: US retail sales data jolts London
13th May 2009 14:28
Poor US retail sales figures prompted a quickening in the decline of blue-chip prices in London. US retail sales had been expected to rise in April but unexpectedly fell, bringing in to doubt hopes that the US economy is on the mend. Financial shares are the worst performers in London, not helped b
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