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 moreSector movers: Tate and Lyle fails to sweeten food sector
28th May 2009 13:27
Tate and Lyle is among the companies dragging the food producers sector into the red. The sugar and sweetener firm posted a sharp fall in profits after facing impairment charges and tough trading conditions. Profit before tax in the year to 31 March fell to £113m from £182m the previous year even
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 moreBrewin Dolphin sees hopeful signs
28th May 2009 07:35
Stockbroker and fund manager Brewin Dolphin has maintained its interim dividend despite profit before tax falling by more than fifth. Profit before tax, excluding redundancy costs, fell 23% to £16.8m in the six months to 29 March 2009, from £21.8m a year earlier. With redundancy costs factored in,
Read more