FTSE 100 movers: Man's slump continues
30th Apr 2012 14:49
The volatility in the share price of hedge fund manager Man Group has continued on Monday, with the stock extending recent losses ahead of its first-quarter update due tomorrow. Including today's +4% fall, the shares are nearly 11% higher than they were a week ago but down over 24% on the month. Th
Read moreLondon midday: Footsie down as Man Group provides a drag
30th Apr 2012 11:48
- Spain joins the UK in recession - Man Group volatile ahead of Q1 IMS - Aberdeen up after solid first half London's blue chip index was trading near its lowest levels of the day by Monday lunchtime, snapping a four-day winning streak as Eurozone concerns were once again brought into the spotlight.
Read moreLondon open: Markets cautious early on, Spain in focus
30th Apr 2012 08:32
- Aberdeen leads risers after solid first half - Randgold falls after broker downgrade - Spain focus ahead of Thursday's bond auction Following a four-day winning streak, the FTSE 100 opened broadly flat on Monday morning with the Eurozone again in focus as Spanish debt concerns continue to weigh
Read moreWeir expands Oil and Gas product portfolio
30th Apr 2012 07:38
Engineering giant Weir has today announced the launch of new products by its Oil and Gas division which are expected to expand its addressable market by over 500m dollars. The products will launch at the Offshore Technology Conference in Houston, Texas, "the world's foremost event for drilling, exp
Read moreFriday tips round-up: Aggreko, Weir, Volex
13th Apr 2012 06:58
The Times' Tempus column this morning looks at temporary power and temperature control solutions group Aggreko, saying that the 'power surge has no end in sight'. Tempus says that the exponential growth over the past five year has continued into the first quarter of 2012, with the group reporting ye
Read moreLondon close: Stocks rise as euro leaders boost firewall
30th Mar 2012 16:32
- Eurozone to boost firewall to 800bn euros - Spain cuts 27bn euros from the budget - Petrofac up after broker comments, Shire leads the fallers London's blue chip index finished the day strongly after Eurozone leaders agreed to strengthen the firewall to protect the debt crisis from spreading. Som
Read moreFTSE 100 movers: Engineering firms on the rise
30th Mar 2012 14:43
Industrial engineers were on the rise, with Weir leading the way in the top spot. Sector peer GKN was a high riser with stock broker Jefferies saying that it believes Volvo Aero would be a "good fit" with GKN Aerospace. "It appears the suggestion GKN might partly fund its acquisition with new equi
Read moreLondon midday: Stocks rise as eyes turn to Eurozone meeting
30th Mar 2012 11:42
- Investors keep a close eye on meeting in Copenhagen - Eurozone inflation falls but still high - Miners lead the rise by lunchtime The Footsie was making decent gains by Friday lunchtime, snapping a three-day losing streak, as Eurozone ministers meet in Copenhagen to discuss a potential increase i
Read moreMaintel sales director reduces sizeable stake in firm
28th Mar 2012 16:09
Angus McCaffery, Sales and Marketing Director of Maintel, a telecoms and data services company, sold off 115,000 ordinary shares for 380p each. The £437,000 transaction left McCaffery with just over two million shares, equal to around 19.25% of the company. Earlier this month the firm posted a r
Read moreArena Chief puts his money where his mouth is
27th Mar 2012 15:53
Mark Elliot, Chief Executive of Arena, the race course owner, has acquired over two million shares in the firm. The company announced that over 12m ordinary shares in the firm were allotted for submission onto the LSE, over 8.7m of which were allotted following vesting of awards granted pursuant t
Read moreLondon close: Stocks flat as investors digest Budget
21st Mar 2012 16:47
- FTSE 100 unchanged on the day after subdued reaction to Budget - MPC unanimous on interest rates, divided on QE - Weir slumps on negative read-across from Baker Hughes The markets gave a rather muted reaction to today's Budget announced by Chancellor of the Exchequer George Osborne at lunchtime,
Read moreFTSE 100 movers: Retailers rise as stocks react to Budget
21st Mar 2012 15:13
The retailers were on the rise today with Sainsbury leading the charge after fourth quarter like-for-like (LFL) sales beat expectations. Meanwhile, George Osborne's Budget revealed that all-day trading on Sundays will be allowed from July 22nd to coincide with the Olympics and Paralympics, somethin
Read moreLondon midday: Stocks extends gains after ZEW survey
13th Mar 2012 11:46
- German ZEW reaches highest level in over a year - Spain to accept Eurogroup's fiscal consolidation request - Miners, banks lead the rise on the Footsie Stocks were extending gains by lunchtime after a German confidence survey smashed expectations. Meanwhile, US stock futures are pointing to a pos
Read moreLondon open: Financials, miners lead the rise
13th Mar 2012 08:38
- Standard Life, Pru in demand after results - Antofagasta, G4S lead the fallers - BoJ maintains rates, ups asset purchases The Footsie rose strongly on Tuesday helped by some well-received full-year results from insurers and a decent performance by banking and mining stocks as risk appetite increa
Read moreLudowici not worth the hassle as Weir withdraws offer
13th Mar 2012 07:43
Engineering group Weir has officially lost the bidding war for Australian mining equipment firm Ludowici after withdrawing its offer on Tuesday morning. Weir had been in a battle with Danish rival FLSmidth since January but had repeatedly been outbid. FLS's latest offer at A$11 per share, up from t
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