London close: Greece continues to weigh on stocks
9th May 2012 16:31
- Greek politics weighs on sentiment - Merkel tells Greece to stick to austerity - Sage, Weir fall heavily after updates London's blue chips rallied in afternoon trade after steep losses early on, but still finished well in the red on the back of concerns over the political situation in Greece. Com
Read moreFTSE 100 movers: ITV gains while Weir takes a hit
9th May 2012 15:14
Terrestrial broadcaster ITV was performing well after saying that its first-half net advertising revenues will be ahead of the market, thanks to an expected boost from the Euro 2012 football tournament. Revenues at Broadcasting & Online edged up a mere 1% to £440m in the first three months of 2012 f
Read moreLondon midday: Stocks tank again on euro worries
9th May 2012 11:36
- Weir and Sage fall heavily - ITV, Sainsbury, Glencore higher after updates - Footsie hits new YTD lows on euro concerns London's blue chip index had sunk to levels not seen since late December by Wednesday lunchtime, as political uncertainty in the Eurozone continues to cloud the outlook for the
Read moreLondon open: Stocks claw back after heavy sell-off
9th May 2012 08:35
- Eurozone political uncertainty still ongoing - ITV, Sainsbury, Glencore wanted after updates - Weir and Sage fall sharply While the political uncertainty in the Eurozone is still on investors' minds, the FTSE 100 opened slightly higher on Wednesday morning following steep losses seen the day befo
Read moreWeir Group has rocky first quarter
9th May 2012 07:23
Engineering giant Weir Group said that strong first quarter trading in its minerals and industrial businesses made up for a plunge in orders in its oil and gas division. Order input fell 26% on a like-for-like basis in the company's oil and gas division, which the firm put down to rapid changes in
Read moreLondon close: Stocks snap four-day winning streak
30th Apr 2012 16:30
- Chicago PMI, US consumer spending disappoints - Spain joins the UK in recession - Global stock markets in the red With economic data missing expectations Stateside and Spain continuing to dampen the outlook for the Eurozone economy, London's FTSE 100 index slumped on Monday, snapping a four-day w
Read moreFTSE 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
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