WH Irelands buy big again
12th Apr 2011 17:01
Bosses at the stockbroker WH Ireland have been snapping up more shares in the company, continuing a recent spate of buying. Chief executive Paul Compton took 150,000 shares and now has about 1.07m, more than 5% of the company. Chairman Rupert Low took 145,000 and has some 1.06m. They paid 58.5p a
Read moreLondon close: Miners drive FTSE 100 rally
8th Apr 2011 16:44
Stocks went into the weekend on the front foot as higher commodity prices drove miners forward. Shares in Fresnillo, which mines for silver in Mexico, went well as the precious metal hit $40 an ounce for the first time since 1980, but was leapfrogged by more mainstream miners such as Anglo American
Read moreFTSE 250 movers: Lamprell wanted after confirming speculation
8th Apr 2011 13:46
Lamprell is among the best performers after the oil rig services firm confirmed rumours yesterday that it is in talks to acquire Norwegian peer Maritime Industrial Services. Irish mining firm Kenmare Resources is being boosted higher by the rising commodity prices. While it has come off its lows
Read moreLondon midday: Shares buoyant as commodities soar
8th Apr 2011 12:13
Miners are leading the rally in the FTSE 100 as commodity prices advance, though the higher oil price is causing concern. Shares in Fresnillo, which mines for silver in Mexico, were the best performing in London's leading share index. Silver hit $40 an ounce for the first time since 1980, while gol
Read moreLondon open: Shares bounce back
8th Apr 2011 08:28
Shares have rebounded after a late dive yesterday following an earthquake aftershock in Japan, which was not as bad as feared. Indian mining giant Vedanta produced record volumes of metals in the fourth quarter as it sought to benefit from soaring commodity prices. In its Indian zinc-lead-silver op
Read moreLondon pre-open: Relief rebound expected
8th Apr 2011 07:34
The market looks set to breathe a sigh of relief that yesterday's earthquake aftershock in Japan, which sent global markets into decline, wass not as devastating as feared. City traders expect the top share index to pile on 40 points or so to last night's closing value of 6,007. Indian mining gia
Read moreUnite's reservations ahead of last year
8th Apr 2011 07:14
Student accommodation firm Unite Group saw an increase in the net asset value (NAV) of its UNITE UK Student Accommodation Fund (USAF) in the first quarter of 2011. The NAV as at 31 March 2011 was £0.822 per unit, reflecting an increase of 1.7% during the first quarter of 2011 (31 December 2010: £0.
Read moreLondon close: FTSE 100 falls short as turmoil continues
2nd Mar 2011 17:01
Shares fought valiantly to finish in the blue but fell short as worries over the turmoil in the Middle East continued to cast a shadow. Gold moved above $1,436 to a record high as traders sought safe investments amid turbulent times. The oil price stayed strong having risen above $100 in New York.
Read moreLondon afternoon: Footsie narrows deficit
2nd Mar 2011 15:45
An improvement on Wall Street has lifted the mood in London, although prices are still under pressure following a mixed reaction to today's batch of results. Asia-focused bank Standard Chartered posted profits bang in line with forecasts at $6.12bn for 2010, while this year got off to a flying sta
Read moreSector movers: Unite and C&C pull real estate higher
2nd Mar 2011 13:45
FTSE 250 peers Unite and Capital & Counties are providing a lift in the real estate investment and services sector after both companies saw positive net asset value (NAV) growth in 2010. Student accommodation manager Unite said adjusted fully diluted NAV per share rose 11% to 295p as it underlined
Read moreFTSE 250 movers: BBA Aviation lower after placing
2nd Mar 2011 13:37
BBA Aviation is providing a drag after the aviation services provider proposed a placing of up to 9.99% to raise cash for acquisitions. Meanwhile, terrestrial broadcaster ITV is surging after promising an interim dividend after bumping up profits by almost 200% in 2010. Not too far behind is stude
Read moreLondon midday: Shares in partial recovery
2nd Mar 2011 12:30
Shares have moved back towards positive territory after a difficult start, with the Middle East turmoil still casting a shadow. Company updates have been given a mixed reception. The price of a barrel of oil traded above $100 a barrel as the fighting continues in Libya. Latest reports say forces lo
Read moreLondon open: Subdued start as Libya weighs
2nd Mar 2011 08:49
Blue chips have made a subdued start with the ongoing situation in the Middle East/North Africa and possible impact on oil prices weighing heavy. Some shares are making progress. Profits in 2010 from Asia-focused bank Standard Chartered were bang in line with forecasts at $6.12bn, while 2011 got of
Read moreUnite to reinstate dividend
2nd Mar 2011 07:39
Student accommodation manager Unite Group said adjusted fully diluted NAV per share rose 11% to 295p as it underlined its confidence in future trading with the reinstatement of a dividend payment this year. "2010 has been an excellent year for UNITE and as we continue to work with our partners in t
Read moreUnite hails strong 2010 performance
11th Jan 2011 07:52
Student accommodation firm Unite Group said the estimated value of its UK Student Accommodation Fund (USAF) rose 6% in 2010. The estimated net asset value (NAV) of the fund rose 1.1% in the fourth quarter to 80.8p per unit, from 79.9p at the end of September. At the end of 2009 the estimated NAV wa
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