FTSE 100 movers: Miners on the march
23rd Dec 2009 12:27
Miners are among the top risers, including Rio Tinto, which has accepted a $2.025bn offer for its Alcan Packaging pharmaceutical, tobacco and food divisions from the packaging group Amcor as it continues its programme of asset sales to ease its debt pile. Kazakh pair ENRC and Kazakhmys are the top
Read moreFTSE 100 movers: Financials push market higher
16th Dec 2009 15:54
Financials and miners have been pushing the FTSE 100 index higher, while investors appear to be deserting the good old solid companies and looking for riskier investments with more potential upside. Rentokil Initial led the way as Deutsche Bank increased its price target for the support services
Read moreLondon close: Financials lead advance
10th Dec 2009 16:31
UK shares closed not far off their best levels of the day as a strong start on Wall Street built on substantial support for UK-listed financial plays. Investors welcomed Alistair Darling's decision yesterday not to slap a windfall tax on banks and speculation that British lenders had agreed to resc
Read moreLondon afternoon: RBS rises on asset sale hopes
10th Dec 2009 14:19
Rises outnumber falls by around three to one among Footsie constituents, as the blue- chip index consolidates the morning's gains. Banks and insurers remains the flavour of the day, while properties and miners are out of favour. Royal Bank of Scotland leads the market rally on press reports that i
Read moreLondon midday: Banks lead rally
10th Dec 2009 12:34
Financial stocks are driving the market higher, with banks and insurers featuring prominently among the best performers. In the banking sector RBS, Lloyds and Barclays rack up the best gains while among insurers Standard Life, Legal & General and RSA are to the fore. Property stocks, however, are
Read moreLondon open: Shares start down
10th Dec 2009 08:15
London's top stocks are slightly lower in early dealings Thursday morning despite progress from US blue chips last night. United Utilities is leading the fallers following news that its chief financial officer Tim Weller is to jump ship to take over the CFO role at the Cable & Wireless division, Ca
Read moreLondon pre-open: Flat start expected
10th Dec 2009 07:39
Little movement is expected from Footsie in early dealings despite progress from US blue chips last night. Tim Weller, chief financial officer (CFO) of United Utilities, is to jump ship to take over the CFO role at the Cable & Wireless division, Cable & Wireless Worldwide. Weller will join the Cabl
Read moreUU CFO to leave for C&W
10th Dec 2009 07:05
Tim Weller, chief financial officer (CFO) of United Utilities, is to jump ship to take over the CFO role at the Cable & Wireless division, Cable & Wireless Worldwide. Weller will join the Cable & Wireless Worldwide board of directors in May 2010. He has been the CFO at utilities company United Util
Read moreBroker tips: HMV, water firms, insurers
27th Nov 2009 11:39
HMV has been benefiting from the demise of competitors and is likely to continue doing so, says the broker Charles Stanley as it keeps its 'buy' rating on the music, film and video game retailer. Charles Stanley is not signed up to the scepticism about HMV's long term prospects expressed by other o
Read moreBroker snap: Evolution sees greater risk for water firms
27th Nov 2009 10:55
Evolution Securities has downgraded its recommendation on Pennon and Northumbrian from 'buy' to 'add' as it thinks the water firms face greater regulatory risks despite the relaxation of Ofwat's determination on how much they can charge customers over the next five years. Evolution thinks the firms
Read moreLondon Close: Dubai worries knock market
26th Nov 2009 17:25
The London market wasn't helped by a technical glitch at the London Stock Exchange but it was never going to be a good day due to worries about the debt problems of Dubai. The fact that there was no trading for more than three hours just made investors even more nervous. The FTSE 100 fell by more
Read moreFTSE 100 movers: Dubai worries batter stocks
26th Nov 2009 14:26
London Stock Exchange is one of the heaviest fallers in the FTSE 100 after the exchange operator was forced to suspend trading for more than three hours following a technical hiccup this morning. It had already come in for selling ahead of the shutdown as analysts fretted over how the Dubai debt si
Read moreLondon afternoon: Trading resumes .. so does the decline
26th Nov 2009 14:18
Trading resumed on the London Stock Exchange at 2:00pm after the exchange's technical glitch, but prices are not looking any healthier than they were before the trading interruption. Banks are under the cosh on concerns over Dubai's debt situation. The government owned Dubai World, which has debts
Read moreBroker tips: Utilities, Mitchells & Butlers, Ricardo
26th Nov 2009 12:42
On the day when Ofwat, the water regulator, released its final ruling on pricing restrictions for the water companies, Morgan Stanley has issued a timely review of the utilities sector. Two of Thursday morning's best performing stocks, Severn Trent and United Utilities, are named as Morgan Stanley'
Read moreLondon midday: Trading suspended on LSE
26th Nov 2009 12:07
Banks shares are leading the market lower today as investors fret about the debt situation in Dubai. The government owned Dubai World, which has debts of $59bn, has asked creditors if it can delay debt repayments due next month until May of next year. HSBC, Royal Bank of Scotland, Barclays, Lloyds
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