London open: Footsie slips 0.46% early on
25th May 2011 08:54
The Footsie has slipped into the red in early trading heading towards the 5,800 mark, offsetting the gains made yesterday. Fashion retailer Next and B&Q owner Kingfisher are among the worst performers. Following suit is new kid on the block Glencore, which is under the weather on its debut on the t
Read moreLondon pre-open: Yesterday's gains to disappear
25th May 2011 07:35
London's top-share index is set to give up all of yesterday's gains and more at the outset, following Wall Street's swoon yesterday. City traders expect the Footsie to open around 50 points lower at 5,808. Interim profits were roughly in line with expectations at £22.9m for stockbroker and investm
Read moreFunds hit £25bn at Brewin Dolphin
25th May 2011 07:03
Profits were roughly in line with expectations at the interim stage for stockbroker and investment manager Brewin Dolphin, while funds under management (FUM) hit the £25bn mark. The value of discretionary FUM at 27 March stood at £15.5m, up 10% on the £14.0bn under management at the end of Septembe
Read moreWednesday preview: Brewin Dolphin, Aveva, UK GDP
24th May 2011 18:18
Stockbroker and investment manager Brewin Dolphin had a good first quarter so unless something went dramatically wrong in the first three months of 2011, Wednesday's interim results should be a relatively cheery affair. Broker Peel Hunt is forecasting adjusted profits of £23.0m, up 26% on the previ
Read moreIG Group latest to receive FSA compensation bill
27th Jan 2011 13:24
Spreadbet firm IG Group has one month to pay £4m into the Financial Services Compensation Scheme to help refund retail investors who lost money they had in firms that collapsed last year. The invoice is in addition to the £1m provisioned for and, although the company is certainly able to afford it,
Read moreInvestment management fees drive Brewin Dolphin
26th Jan 2011 07:59
Total income in the final quarter of 2010 at stockbroker and investment manager Brewin Dolphin was comfortably ahead of the year before, despite a slide in corporate advisory and broking revenue. In the 14 weeks to 31 December, the first quarter of the company's financial year, total revenue was up
Read moreThursday tips round-up: Sage, BG, Thomas Cook
2nd Dec 2010 06:32
There are definite signs that the market may be running out of patience with Sage Group. The company, one of our most established software groups, has paid a dividend since its 1989 stock market float. But the emphasis in recent years has been on acquisitions to add to a pedestrian rate of growth, a
Read moreSteady progress for Brewin Dolphin
1st Dec 2010 12:53
Last year was a one of steady progress for Scottish stockbroker and investment manager Brewin Dolphin as financial markets settled down. Revenue in the 52 weeks to 26 September climbed to £234.9m from £187.2m, while total income improved by 18% to £250.9m from £212.3m the year before. The Inves
Read moreBrewin Dolphin 'comfortably ahead'
1st Oct 2010 07:36
Brewin Dolphin's commission income during the fourth quarter is almost as high as the "very strong levels" reported a year ago, according to the stockbroker and investment manager. Fee income won't be known until next Tuesday when the company has its quarterly fee run, but the increase in funds und
Read moreBrewin Dolphin 3Q Income +20% To GBP61.5M, Funds Top GBP21.6B
28th Jul 2010 07:29
LONDON (Dow Jones)--Brewin Dolphin Holdings PLC (BRW.LN), an independent private client investment manager, said Wednesday income for the third quarter ended June 27, is GBP61.5 million, 20% higher than the same period last year. MAIN FACTS: -Total income for the 39 weeks rose 17% to GBP182.
Read moreBrewin Dolphin Henry Algeo Named Executive Director
27th Jul 2010 14:16
LONDON (Dow Jones)--Brewin Dolphin Holdings PLC (BRW.LN), said Tuesday that it has appointed to Henry Algeo Executive Director. -Shares at 1345 GMT up 1.25 pence, or 1.01%, at GBP124.75 pence, valuing the company at GBP287.17 million. -By Razak Musah Baba, Dow Jones Newswires; 44-20-7842-9
Read moreFTSE Review: Essar Energy, African Barrick To Join FTSE100
9th Jun 2010 17:42
LONDON (Dow Jones)--FTSE Group said Wednesday African Barrick Gold PLC (ABG.LN) and Essar Energy PLC (ESSR.LN) are to join the FTSE 100, and Thomas Cook Group (TCG.LN) and London Stock Exchange Group (LSE.LN) will leave the index and join the FTSE 250 Index. MAIN FACTS: -The changes are part
Read moreLondon midday: Equities mark time
30th Mar 2010 12:01
Footsie finished the morning little changed despite a strong showing from the mining sector. Mining giant BHP Billiton is higher after saying it has successfully persuaded several of its iron ore customers in Asia to move to shorter term contracts. The renegotiated contracts cover the majority of B
Read moreBrewin Dolphin swims in right direction
26th Mar 2010 07:30
Brewin Dolphin says the market trend experienced in the first quarter has continued into the final stages of the stockbroker and fund manager's half-year to 28 March. February's income was slower, but has been more than made up for in March. First quarter income rose 11.5% to £56.9m. Second quarte
Read moreChairman's wife buys Redrow shares
2nd Mar 2010 16:33
Redrow chairman Steve Morgan's wife has bought 100,000 shares in the housebuilder taking their combined stake to 29.95%. Fiona Morgan paid 131.5p a share for the 100,000 shares. The total cost was £131,500. Morgan founded Redrow in 1974 and floated the company 20 years later. He also owns Wolver
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