London open: LSE and bwin.party lead stocks higher, Barclays slumps
26th Jun 2014 08:40
- LSE jumps after $2.7bn purchase of Frank Russell - bwin.party surges on sale rumours - Barclays facing allegations of fraud - Carney in focus amid housing market concerns techMARK 2,802.08 +0.47% FTSE 100 6,743.00 +0.14% FTSE 250 15,529.44 +0.49% Strong gains from London Stock Exchange (LSE), bw
Read moreLondon pre-open: FTSE set for gains ahead of Financial Stability Review
26th Jun 2014 07:40
Shrugging off yesterday's losses, London's blue chips look set to track gains seen in the US and Asia overnight as traders brushed off the much worse-than-expected revision to US first-quarter economic growth and instead choose to look forward. City sources predict the FTSE 100 will open around 19
Read moreWood Group says H1 on track but trading mixed
26th Jun 2014 07:02
Energy services firm Wood Group said it expects 2014 operating profits to be in line with expectations and higher than last year, but reported a mixed performance in its PSN division in the first half. In a trading update for the six months to June 30th, the company said that the Production Service
Read moreThursday preview: Dixons and Carphone Warehouse release finals
25th Jun 2014 14:30
Thursday sees simultaneous final results from merging electronics retailers Carphone Warehouse and Dixons Retail, which are planning to become Dixons Carphone. Analysts are not expecting much eye-poppingly interesting, as the companies' management teams are playing these results in a low-key manner
Read moreSector movers: Kentz takeover sparks oil services stocks
23rd Jun 2014 13:50
The oil equipment, services and distribution sector was rising strongly today, helped by a soaring share price of engineer Kentz after a £1.2bn cash offer from Canadian rival SNC-Lavalin. Kentz, which provides engineering and construction services to clients in the energy and resources sectors, saw
Read moreFTSE 250 movers: Petra Diamonds sparkles after latest discovery
13th Jun 2014 14:30
Miner Petra Diamonds has recovered an "exceptional" 122.52-carat blue diamond at its Cullinan mine in South Africa. "The rarity of a blue diamond of this magnitude sets it apart as a truly significant find," the company said in a statement. RBC Capital upped its target price from 180p to 200p, ret
Read moreFTSE 250 movers: Tullet Prebon jumps on CEO speculation
3rd Jun 2014 14:23
London-based interdealer broker Tullett Prebon jumped on speculation it could soon announce a successor to long-running Chief Executive Officer Terry Smith. According to reports, Smith, a well-known financial executive in the City, is thought to be planning to work full time at Fundsmith, the asset
Read moreWood Group wins contract for BP's Shah Deniz project
3rd Jun 2014 07:53
Wood Group's offshore engineering, subsea and pipeline division, Wood Group Kenny (WGK), has won a £36m contract with BP in Azerbaijan. The contract covers engineering and project management services for stage two of BP's part-owned Shah Deniz subsea gas project, located in the South Caspian Sea.
Read moreQinetiQ CFO sells shares post vesting
28th May 2014 15:32
The Chief Financial Officer of defence group QinetiQ, David Mellors, on Tuesday sold 52,848 shares after the company vested earlier the same day. Mellors, who was appointed to the role in August 2008, traded in the shares at just under 195.47p a share, maintaining his stake at 376,016 shares. Le
Read moreBT directors build stakes, Trinity Mirror makes show of faith
20th May 2014 15:52
Five BT board members last week each acquired 486 shares under its Equiniti share plan, it was announced Monday. Those purchasing shares included Chairman Sir Michael Rake and Chief Executive Officer Gavin Patterson. All of the shares were bought for 370.25p each. The announcement comes one day
Read moreLondon midday: ITV drops as UK stocks retreat from 14-year high
14th May 2014 11:50
- ITV leads fallers after underwhelming Q1 - Markets pull back from highest level since 1999 - BoE strikes dovish tone in Inflation Report - Compass, Mondi rise strongly after updates techMARK 2,797.20 -0.25% FTSE 100 6,862.96 -0.15% FTSE 250 16,008.81 -0.19% UK stocks were in negative territory o
Read moreWood Group cheers with positive outlook
14th May 2014 08:11
- Shares rise on better-than-expected divisional performances - Turbine JVs behind schedule, set to recover by year-end - Group in strong financial position The year-to-date performance was slightly ahead of expectations in Wood Group's Engineering and PSN divisions, with its full-year outlook unch
Read moreFTSE 250 movers: Tullett Prebon and Man Group provide a drag
9th May 2014 15:48
Interdealer broker Tullett Prebon disappointed the market on Friday by saying that it will take a 20m-pound one-off hit this year as it scales back costs and cuts jobs amid a challenging market. The company also said that the level of activity in financial markets has remained "subdued" since the
Read moreSector movers: Oil services stocks hammered by Petrofac profit warning
9th May 2014 15:30
Oil equipment and services stocks were hit on Friday by a profit warning from sector heavyweight Petrofac, which said that its bottom line in 2014 is likely to weaken due to lower-than-expected earnings from its Integrated Energy Services (IES) division. The company is guiding to a net profit for t
Read moreFTSE 250 movers: Icap falls on FX trading volume decline
7th May 2014 14:41
Interdealer broker Icap was sharply lower on Wednesday after it reported a decline in its foreign exchange trading volumes in April. Pub group JD Wetherspoon also fell after it voiced uncertainty about fourth-quarter trading, with sales having slowed in the last few weeks. Wetherspoon said it had
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