London close: Late rally not enough
2nd Jun 2009 16:46
A rally in the afternoon session was not enough to lift the Footsie out of negative territory, though second-liners were moderately firmer on balance. Bank Barclays was the day’s worst performing blue-chip after news of the sale by IPIC broke overnight. Khadem Al Qubaisi, managing director of IPIC,
Read moreSector movers: WPP weighs on media sector
2nd Jun 2009 14:04
Advertising giant WPP is helping drag the media sector lower after another downbeat update. It said like-for-like sales in the first four month of the year dropped 6.7% after trading worsened in April. Not all media stocks are lower though. Marketing communications company Mission Marketing is high
Read moreWPP posts 6.7% drop in lfl sales
2nd Jun 2009 12:46
Advertising giant WPP said like-for-like sales in the first four month of the year dropped 6.7% after trading worsened in April. On a reportable basis, worldwide revenues were up 33.7%. In constant currencies, revenues rose 10.3%, principally reflecting the weakness of the pound sterling against th
Read moreTuesday newspaper round-up: Barclays, WPP, British Airways
2nd Jun 2009 06:14
One of Barclays' largest Middle Eastern shareholders announced plans on Monday night to offload its stake in the British bank, pocketing a large profit less than seven months after making its £3.5bn investment, reports the FT. International Petroleum Investment Corp, an investment vehicle of the Ab
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