London open: Slow start after mixed results
10th Nov 2010 08:54
London has made a slow start with miners running into profit taking after their good run and a mixed response to the latest slug of trading updates. Sainsbury's made enough money to keep analysts happy during the first half though and sales were pretty much as expected given the supermarket giant u
Read moreLondon pre-open: Footsie to fall
10th Nov 2010 07:34
It's looking like another dreary start Wednesday, with last night's surrender on Wall Street dampening the mood in the City. Futures prices point to an early 15-point drop for London's leading index. Sainsbury's made enough money to keep analysts happy during the first half though and sales were p
Read moreWPP buys US database firm
10th Nov 2010 07:18
Advertising agency WPP has bought I-Behavior, a US consumer and business transaction data firm. I-Behavior is a privately-held database marketing business which provides direct marketing services to multi-channel merchants, based on consumer purchase transaction data. which includes over 8 billion
Read moreLondon close: Footsie takes small step back
29th Oct 2010 17:24
The movements of the FTSE 100 index appeared to be directed by a lackadaisical Grand Old Duke of York today, and the blue-chip index finished (more or less) neither up nor down. British Airways was lower even though it swung to a profit in the first half as the airline improved yields and cut costs
Read moreLondon afternoon: Footsie returns to blue
29th Oct 2010 15:15
London has finally pulled itself back into the blue helped by a solid start on Wall Street after GDP numbers disappointed slightly. Over here, GfK NOP's consumer confidence index improved to -19 in October, confounding economists' expectations of a slide to -22 or even lower. The survey was taken b
Read moreLondon midday: Miners pull index lower
29th Oct 2010 11:52
Weak miners and a poor reception to results from British Airways have discouraged buyers generally, despite some encouraging news on the consumer confidence front. GfK NOP's consumer confidence index improved to -19 in October, confounding economists' expectations of a slide to -22 or even lower. T
Read moreLondon open: Slow progress for blue chips
29th Oct 2010 08:42
London has made modest early gains despite a poor session in Asia and unconvincing display on Wall Street overnight. British Airways is lower even though it swung to a profit in the first half as the airline improved yields and cut costs. It made a pre-tax profit of £158m in the six months ended 30
Read moreLondon pre-open: Weakness overseas to weigh
29th Oct 2010 07:36
A poor session in Asia this morning and unconvincing display on Wall Street overnight aren't going to help London on Friday it seems. The blue chip index is set to open down around 12 points, with the Japanese Nikkei losing 2% after some disappointing earnings and on worries about next week's US Fe
Read moreWPP ups growth estimate as sales surge 12%
29th Oct 2010 07:26
Ad agency WPP upped like-for-like revenues by 4.1% in the first nine months of its current year as companies restarted advertising spending after the recession with traditional ad spending outstripping online. Total revenue rose by 6.3% to £6.69bn with third quarter sales up 12.2% to £2.3bn. Opera
Read moreLondon close: Bad day ends badly
27th Oct 2010 16:12
London ended the day heavily in the red as a triple-digit fall on Wall Street knocked an attempted rally by Footsie firmly on the head. Reports suggesting that any new stimulus in the US will be smaller than expected hit the miners with Kazakhmys, Xstrata and Rio Tinto the worst performers. Britis
Read moreLondon afternoon: Rally fizzles out
27th Oct 2010 14:23
Expectations of a weak opening on Wall Street put an end to London's attempt to move into positive territory, and losses lengthened again over the lunch time session. Reports suggesting that any new stimulus in the US will be smaller than expected have knocked the miners with Kazakhmys, Xstrata and
Read moreLondon midday: Miners keep Footsie subdued
27th Oct 2010 11:58
Footsie has dragged itself off the lows seen earlier in the morning but with weak metal prices hitting mining shares, the index is not making much headway. Reports suggesting that any new stimulus in the US will be smaller than expected have also knocked the miners with Kazakhmys, Xstrata and Rio T
Read moreLondon open: Poor start for Footsie
27th Oct 2010 08:44
London has followed on from last night's lacklustre performance on Wall Street and a weak display in Asia this morning with a poor start. Reports suggesting that any new stimulus in the US will be smaller than expected have knocked the miners with Kazakhmys, Xstrata and Rio Tinto the worst performe
Read moreSorrell flags up bumper quarter for WPP
27th Oct 2010 07:33
Ad agency WPP enjoyed its fastest growth in a decade in the last three months chief executive Sir Martin Sorrell said yesterday, as recovery in corporate earnings fed through into marketing spending. "Everything we see in the rear-view mirror is good," he told the World Retail Congress. "This qua
Read moreWednesday newspaper round-up: British Airways, UK economy, WPP...
27th Oct 2010 06:19
The chairman of British Airways has launched an attack on "completely redundant" airport checks and said the UK should stop "kowtowing" to US demands for increased security. The comments by Martin Broughton reflect broader industry and passenger frustration over the steady accumulation of rules on
Read more