London midday: FTSE 100 on track for fourth straight loss
17th Apr 2013 11:39
A number of heavyweight stocks going ex-dividend assured that London's FTSE 100 index was in the red for a fourth consecutive day on Wednesday, while concerns over the global economy continued to weigh on sentiment. Global growth fears have hit markets over the last few days after a surprise slowdo
Read moreLondon open: Ex-div stocks sink markets early on
17th Apr 2013 08:47
The FTSE 100 was in the red for the fourth straight day on Wednesday as a number of ex-dividend stocks provided a drag on London's benchmark index. Global growth concerns have weighed on markets over the last few days after a surprise slowdown was reported in China in the first quarter. These fears
Read moreLondon close: Resource-heavy FTSE 100 lifted by slowing Chinese inflation
9th Apr 2013 16:37
Slowing inflation in China and a strong start to the US earnings season by Alcoa boosted the UK's resource-heavy FTSE 100 stock index on Tuesday, with miners leading the surge. Meanwhile, a raft of upbeat economic data from closer to the home lifted sentiment in the UK today, including better-than-
Read moreLondon midday: Miners lead the Footsie higher
9th Apr 2013 11:33
Miners were making impressive gains by Tuesday lunchtime after price rises in China slowed more than forecast in March, increasing hopes that the People's Bank of China will hold off from tightening policy for the time being. Chinese consumer-price inflation slowed to a 2.1% annual rate in March,
Read moreLondon open: Mining stocks boosted by Alcoa, Chinese inflation
9th Apr 2013 09:08
The FTSE 100 opened strongly on Tuesday, taking its cue from a decent finish on Wall Street after bellwether Alcoa reported better-than-expected profits in the first quarter, kicking off earnings season with a bang. Profits from the aluminium producer rose 59% year-on-year despite a slight drop in
Read moreWood Group extends contract with Total E&P UK
9th Apr 2013 07:01
Wood Group's PSN business has signed a 'significant' two-year North Sea contract extension with Total E&P UK, with is expected to be valued at around 150m dollars. Wood Group will continue to provide engineering, procurement, construction and commissioning services to Total's Alwyn, Dunbar, Elgin an
Read moreOutgoing Hornby manager trades in 400,000 shares
4th Apr 2013 16:05
Frank Martin, the former Chief Executive of Hornby, which is best known for its model train sets and Scalextric racing kits, has reduced his stake in the group ahead of his retirement in June. Martin, who since announcing his retirement has occupied the role of Deputy Chairman, traded in 400,000 s
Read moreWood Group secures new contract
3rd Apr 2013 15:04
Wood Group, the FTSE 100 energy services giant, was on Wednesday rising on reports it had secured a contract with CNOOC and Shell Petrochemicals Company (CSPC) in China. The $1.6m contract is for new parts for a gas turbine in China, and builds on the group's exisiting relationship with CSPC. As
Read moreTwo Sports Direct execs sell off entire stakes
28th Mar 2013 15:03
The Chief Executive Officer and Finance Director of Sports Direct, the High Street sports retailer, sold off their entire holdings in the firm this week following a strong share-price performance over the last year. David Forsey and Robert Mellor both offloaded their remaining 803,922 shares each i
Read moreLondon midday: Stocks fall on concerns over Italy and Cyprus
27th Mar 2013 11:52
Worries about Italy and Cyprus weighed heavily on stock markets on Wednesday morning as the Eurozone crisis showed no signs of abating. The political impasse in Italy has continued with centre-left leader Pier Luigi Bersani failing to persuade Silvio Berlusconi's centre-right party to support a min
Read moreLondon open: TUI Travel leads markets higher early on
27th Mar 2013 08:28
UK stocks edged higher on Wednesday morning with TUI Travel leading the rise after a decent first-half trading update, as markets tracked gains on US and Asian benchmarks overnight. Better-than-expected durable-goods orders and home prices Stateside lifted sentiment on Wall Street yesterday, pushin
Read moreLondon pre-open: Investors look out to FPC report
27th Mar 2013 07:42
Equities are expected to open slightly higher, tracking the good showing by Wall Street overnight, but in what ought to be even lighter than normal trading volumes as the long weekend, and the end of the quarter, approaches. Today's calendar is rather light, although there is keen interest in this
Read moreWood Group wins major extension to North Sea contract
27th Mar 2013 07:28
Energy services giant Wood Group has received a 'significant' three-year extension to its North Sea contract with CNR International, the firm announced on Wednesday. Wood Group's PSN division (WGPSN), which provides brownfield services to the oil and gas industry, has been working on the contract s
Read moreLondon midday: Financials provide a boost after 11th-hour deal in Cyprus
25th Mar 2013 11:35
Financial stocks were performing well on Monday morning, pushing the FTSE 100 one per cent higher, following Cyprus' 11th-hour deal with the Troika to save itself from financial collapse. "Cyprus has avoided becoming the first country to default on its debt and exit the Eurozone, after agreeing on
Read moreLondon open: Markets rise on last-minute deal to save Cyprus
25th Mar 2013 08:20
Stocks advanced strongly on Monday morning after 11th-hour talks to save Cyprus from default resulted in a last-minute bailout deal with the Troika. "Markets clearly appear to be more hopeful than they ought to be on the Eurozone muddling through this crisis - this would suggest that any potential
Read more