Sainsbury boss raises nearly £200,000
15th Feb 2011 16:35
Sainsbury chief executive Justin King has raised nearly £200,000 by selling shares in the supermarket group. He has sold 50,000 shares at 390.15p each, which leaves him with 1,392,878 shares in Sainsbury. This is the first significant deal by King since last July when he sold 172,446 shares awar
Read moreLondon close: No US jobs lift for FTSE 100
4th Feb 2011 16:40
The top share index finished the week just below 6,000 points after a sluggish day's trading. Traders were unsure how to react to US jobs data. Nonfarm payrolls rose just 36,000 last month, the Labor Department said Friday, well below forecasts of at least 140,000. On the bright side, December's nu
Read moreLondon afternoon: Footsie recovers from US jobs jolt
4th Feb 2011 14:40
The Footsie kept its head above 6,000 over the lunchtime period despite a negative reaction to US jobless figures at 1:30. Nonfarm payrolls rose just 36,000 last month, the Labor Department said Friday, well below forecasts of at least 140,000. On the bright side, December's number was revised up t
Read moreFTSE 100 movers: Utilities strengthen
4th Feb 2011 13:35
Utilities dominate the risers in the Footsie. Severn Trent, United Utilities and the newly enlarged International Power head the risers. BT Group continues to strengthen after yesterday's third quarter figures. International Consolidated Airlines continues to fall. The share price has fallen b
Read moreLondon midday: FTSE 100 in the blue
4th Feb 2011 12:23
The FTSE 100 is still hovering a few points in positive territory on a fairly quiet day on the company news front. Utilities are one bright spot, with United Utilities, Severn Trent and International Power all higher. Wm Morrison has been upgraded to 'buy' from 'neutral' by UBS, which suggests th
Read moreLondon open: Quiet start for blue chips
4th Feb 2011 08:47
Footsie is subdued with the company results schedule a bit threadbare and January non-farm payrolls data from the US due out this afternoon. Utilities are one bright spot, with United Utilities, Severn Trent and International Power all higher. Wm Morrison has been upgraded to 'buy' from 'neutral
Read moreLondon close: Company updates drive FTSE 100 higher
26th Jan 2011 16:47
Shares closed with decent gains though off their earlier highs, as well-received company updates helped drive the FTSE 100 forward in line with other markets. BG Group was strong after yet another discovery in the Santos Basin offshore Brazil. The latest strike is at Carioca North-East, located in
Read moreLondon afternoon: Stocks stay strong
26th Jan 2011 15:41
Shares have maintained their earlier buoyancy after a decent start on Wall Street. Company updates have been well-received here. BG Group is going strong after yet another discovery in the Santos Basin offshore Brazil. The latest strike is at Carioca North-East, located in a water depth of 2,151m,
Read moreLondon midday: FTSE 100 back above 6,000
26th Jan 2011 12:18
The top share index has moved past the 6,000 point mark again as company updates impress the market. BG Group is going strong after yet another discovery in the Santos Basin offshore Brazil. The latest strike is at Carioca North-East, located in a water depth of 2,151m, approximately 275km off the
Read moreLondon open: Bright start for blue chips
26th Jan 2011 08:52
London has made good ground this morning after a late rally on Wall Street sparked by a stronger than expected US consumer confidence report. BG Group is the best performer after yet another discovery in the Santos Basin offshore Brazil. The latest strike is at Carioca North-East, located in a wate
Read moreLondon pre-open: Buyers to dominate early action
26th Jan 2011 07:34
A late recovery on Wall Street last night and mixed performance in Asia looks like propelling London in the right direction this morning. A stronger than expected US consumer confidence report and some decent company results helped the Dow Jones erase most of its earlier losses, ending just 3 point
Read moreRegulated revenue ahead at United Utlities
26th Jan 2011 07:21
Water supplier United Utilities has been trading in line with expectations since October, with regulated revenue slightly higher than anticipated. Though regulated revenue has been better than anticipated, it is likely to be lower in the second half of the company's financial year (which runs to en
Read moreOFT investigates anaerobic digestion opportunity
21st Jan 2011 14:54
The Office of Fair Trading (OFT) is investigating the market for the treatment of organic waste in order to assess whether there are appropriate incentives for technologies such as anaerobic digestion. It is government policy to encourage the generation of energy from waste through anaerobic dige
Read moreFTSE 100 movers: Simon lays out offer for Capital Shopping
15th Dec 2010 13:49
Simon Property has written to Capital Shopping Centres (CSC), today's top riser in the FTSE 100, outlining an indicative proposal worth 425p a share in cash, or almost £3bn, from US mall owner Simon Proeprty Group. CSC points out that any bid is subject to financing. The CSC board is meeting today.
Read moreBHP boss digs deep for shares
1st Dec 2010 15:31
BHP Billiton chairman Jacques Nasser has spent more than £900,000 on shares in the mining giant. The Lebanese-Australian took 20,000 American Depositary Receipts (ADRs) in the company, which amounts to 40,000 shares, and now has 45,600 ADRs. He paid $70.34 (4,523p) for each ADR. Nasser is best kno
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