Sunday paper round-up: RBS/Lloyds, Prudential, Desire Petroleum
28th Mar 2010 08:25
Advisers to the government are working on a secret plan that could allow the state to start cutting its shareholdings in British banks just weeks after the general election. The plot would see the Treasury create "convertible gilts" ? government bonds that could be exchanged for shares in the banks
Read moreLondon close: Footsie breaks 5,700
25th Mar 2010 16:14
Shares kept moving north through the afternoon session as Wall Street's march towards 11,000 helped propel the Footsie past 5,700 to a fresh 21-month high. London's leading index, which hasn't closed this high since 18 June, was headed by Thomas Cook as investors booked into the travel company foll
Read moreLondon afternoon: Sunny outlook for Thomas Cook
25th Mar 2010 14:31
Footsie continued its upward trajectory over the lunchtime session, receiving a boost from the firm start on Wall Street. Tour operator Thomas Cook has moved to the top of the Footsie leaderboard after it echoed bullish comments from rival TUI about holiday bookings. The travel giant has reported
Read moreTuesday paper round-up: Tullett Prebon, Vodafone, China
9th Mar 2010 06:37
Hundreds of City traders are rethinking plans to leave the UK for tax purposes in the wake of last month's landmark court ruling against a British businessman based in the Seychelles, it emerged yesterday. The interdealer broker Tullett Prebon led the Square Mile's revolt over the Treasury's plans
Read moreThursday preview: Shell, Unilever, GSK, Vodafone, MPC
3rd Feb 2010 14:42
Shareholders in Royal Dutch Shell are probably apprehensive ahead of the Anglo-Dutch oil titan's fourth quarter results on Thursday after the drubbing the share price of perennial rival BP took following the UK company's disappointing figures. Royal Dutch Shell is expected to announce fourth quarte
Read moreSunday tips round-up: ENRC, Vodafone, Asian Plantation
31st Jan 2010 11:26
Mining shares gained on Friday - breaking a seven-day losing streak. If investors have learned just one thing from events of the last 10 years, then it should be that it's a very good strategy to buy miners on the dips. That's what you should do with Eurasian Natural Resource (ENRC). The shares are
Read moreLondon close: US slide drags down Footsie
28th Jan 2010 16:45
London slumped near the close mirroring heavy falls in the US where technology stocks ran into heavy selling seemingly on disappointment with Apple's new iPad. AstraZeneca led the fallers after the Anglo-Swedish pharmaceuticals firm saw fourth quarter earnings rise 10% but warned that its predicted
Read moreLondon afternoon: Banks lead rally
28th Jan 2010 14:31
Blue chips put on a spurt over the lunch time session despite drugs giant Astra issuing disappointing fourth quarter figures. The Anglo-Swedish pharmaceuticals firm saw fourth quarter earnings rise 10% but warned that its predicted 2010 revenues would be hit by the loss of exclusive rights to sell
Read moreBroker tips: Miners, Vodafone, G4S
28th Jan 2010 12:49
Miners have had a tough time this month, with the sector down almost 14% from its high, but Nomura is advising clients to buy the current dip. The broker thinks fears about draconian monetary tightening in China and its impact on metals demand is 'misplaced' and expects Chinese demand for industri
Read moreLondon midday: Footsie flat after mixed earnings news
28th Jan 2010 12:13
Blue chips are struggling to make headway in the face of mixed company news today. Pay TV and Internet service provider British Sky Broadcasting (BSkyB) is one of the best performers after it said it had a strong second quarter with revenues coming in marginally ahead of expectations. Turnover in
Read moreBroker snap: Deutsche Bank sees Vodafone recovery
28th Jan 2010 09:31
Deutsche Bank saw some green shoots of recovery in Vodafone's second quarter performance but thinks these will be more apparent in the third quarter trading update and advises investors to buy the shares ahead of the recovery. Aside from its 'buy' rating, Deutsche Bank has a 185p price on the mobil
Read moreLondon afternoon: Stocks slide as Brown sides with Obama
22nd Jan 2010 14:43
Barely more than a dozen FTSE 100 constituents are showing rises as the market looks set to slide for the third day in succession, after dipping sharply following comments from Prime Minister Gordon Brown's spokesman that appeared to lend support to President Obama's hard line stance against excessi
Read moreREO raises Dublin rents
12th Jan 2010 10:44
UK and Ireland focused property investment and development group Real Estate Opportunities has received a boost from a rent hike for its largest tenant, Vodafone. Following a rent review, the rent paid by Vodafone on its Central Park offices in Dublin will rise by 12% to €7.2m per annum. Two other
Read moreTechMARK movers: ProStrakan predicts 2010 operating profit
7th Jan 2010 15:37
Pharma company ProStrakan says that it is on course to make an operating profit in 2010. ProStrakan has reiterated that its 2009 revenues will be in the range £78m - £79m. That is 40% growth compared with 2008. The company made an EBITDA profit in several months during 2009. The company expects
Read moreLondon close: Blue chips at 15-month high
29th Dec 2009 16:48
London's blue chip index closed at a new 15-month high having regained all of the ground lost after the collapse of Lehman Brothers. Footsie was last this high on 12 September 2008 when it stood at 5,416. The following day Lehman Brothers went bust. London is now the seventh stock market to regain
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