London afternoon: Leading shares trim losses
28th May 2009 14:12
Shares staged a fight back over the lunch-time session but Footsie remains in the red ahead of the opening on Wall Street, which is expected to see shares open moderately firmer. Shares in hedge fund manager Man Group would be expected to plunge on a day when optimism about the economic recovery of
Read moreLondon midday: Bears bite Man
28th May 2009 11:56
Stock market bears were out in force again this morning in London after thee overnight shake-out on Wall Street. Shares in hedge fund manager Man Group would be expected to plunge on a day when optimism about the economic recovery of the US is in short supply but the stock is also weighed down by
Read moreYoung & Co pre-tax profit more than halves
28th May 2009 07:32
Brewer and pub operator Young & Co said full year pre-tax profit slumped 63% amid difficult market conditions but says it remains well positioned to meet the challenges of the year ahead. Pre-tax profit fell to £4.2m for the 52 weeks ended 28 March 2009 from £11.6m before. Revenue rose 3.2% to £12
Read moreWeek Ahead: Northern Foods, Young & Co., Severn Trent
22nd May 2009 10:50
The share price of food producer Northern Foods is around 10p short of being double the price it was in mid-April, when it hit its low for the year of 37p. Despite this, the shares are still yielding 7%, which suggests that the dividend will be of primary interest to many shareholders when the compa
Read moreBroker snap: MPs' report a bitter blow for pubcos
13th May 2009 12:00
A Parliamentary report calling for the reform of the business model adopted by pub companies has sent the sector into a tailspin. The report has called on the Competition Commission to investigate the tied arrangement - referred to in the trade as 'wet rent' - that requires pubs to buy beer and oth
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