UK MARKET TALK ROUNDUP: SHARES LOSING
11th Jun 2010 09:57
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0857 GMT [Dow Jones] Goldman Sachs raises United Utilities (UU.LN) price target to 557p from 549p, following the company's
Read moreLondon close: Late rally limits losses
21st May 2010 16:32
It was a volatile day on the markets, but Footsie rallied back above 5,000 points before the close, having sunk below that level earlier in the afternoon, and finished only slightly in the red. European worries are continuing to set traders' nerves on edge. Germany's parliament approved the country
Read moreLondon afternoon: Footsie sinks below 5,000
21st May 2010 14:24
The FTSE 100 has plunged below 5,000 for the first time in over six months as markets continue to fret about Europe's sovereign debt crisis and potential financial regulation. London's leading index sank below the big figure just after midday. It hasn't been this low since early November and hasn't
Read moreLondon midday: Footsie back in the red
21st May 2010 11:38
After briefly tip-toeing into the blue, Footsie is now back in the red again as concerns about eurozone debt persist. Germany's parliament is expected to approve the country's share of a €750bn eurozone rescue package on Friday. Both houses of parliament are scheduled to vote on its potential €148b
Read moreLondon open: Modest fall for Footsie
21st May 2010 08:48
London's top stocks have opened lower but the decline is modest compared to the hammering US blue chips took overnight. British Airways record pre-tax loss of £531m is providing some distraction. The carrier was hit by strike action, bad winter weather disruption and the impact from the global rece
Read moreLondon pre-open: Stocks to slide again
21st May 2010 07:29
London's top stocks are expected to add to yesterday's 84 points drop, with analysts forecasting another 25 point drop. British Airways reported a record pre-tax loss of £531m as the carrier was hit by strike action, bad winter weather disruption and the impact from the global recession. The pre-ta
Read moreProfits lower at United Utilities
21st May 2010 07:13
Higher borrowing costs knocked United Utilities profits last year despite an increase in the contribution from the core water business. Pre-tax profits in the year to March fell to £474m from £529m, with underlying profits coming in at £500m against £531m, slightly below forecasts. Revenues rose
Read moreFriday preview: British Airways, United Utilities
20th May 2010 16:19
British Airways cannot have had many worse years than 2009/10 and the pain is not over yet with another 20 days of strike action threatened by cabin crew from May. On Thursday a court overturned an injunction blocking a series of strikes, prompting the airline to resort to classic British understat
Read moreFTSE 250 movers: Yell slides as bosses depart
18th May 2010 13:02
Shares in Yell are on the slide after the directories group announced the departure of its chief executive and chief financial officer at the same time as unveiling a move into profit. Chief executive John Condron and chief financial officer John Davis are to step down. Condron will retire by May 2
Read moreRuss Houlden becomes United Utilities finance boss
18th May 2010 12:37
United Utilities has appointed Telecom New Zealand's finance boss Russ Houlden as its new chief financial officer. His appointment comes after months of searching following the announcement in December that Tim Weller will depart from the role. Houlden has been with Telecom New Zealand since 2008.
Read moreUnited Utilities sells Australian arm for A$225m
10th May 2010 10:09
Water company United Utilities has agreed to sell its Australian business to a consortium led by Mitsubishi Corporation for A$225m. The consideration payable for United Utilities Australia includes A$176m in cash and A$49m in net debt. The consortium comprises Mitsubishi Corporation, the Innovatio
Read moreLondon midday: Greece woes can't halt bulls
23rd Apr 2010 12:29
London's leading shares have barely blinked on the news that Greece has asked for the $45bn EU/IMF aid package to be activated. The news hit the Euro, but has had little impact on a strong morning for UK equities. Oil company BP said it is initiating a rapid response to clear up an oil spill follo
Read moreLondon open: Minimal gains posted
23rd Apr 2010 08:28
London's leading shares are showing slight gains as a late recovery on Wall Street boosts investor sentiment. Banks are amongst the early movers with RBS, Barclays and Lloyds all higher, while utilities such as Severnt Trent, National Grid and United Utilities are at the bottom end of the market.
Read moreLondon close: Up and down day for London
31st Mar 2010 17:07
The movements of the blue-chip index looked like they were being directed by the grand old Duke of York on Wednesday, with the market finishing neither up nor down. British Sky Broadcasting (BSkyB) was predictably outraged at the decision by telecoms regulator Ofcom to order it to make its two top
Read moreRound-up: Clipper Windpower, Cable & Wireless Worldwide
31st Mar 2010 13:14
Wind turbine blade maker Clipper Windpower posted another huge loss in 2009, but expects to return to break even in the current year. Revenue rose to $744m from $737m. Losses totalled $241m against $313.3m as one-off costs fell to $124m from $235m For 2010, Clipper expects delivery against firm ord
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