FTSE 250 movers: SDL plunges on profit warning
26th Nov 2012 15:52
Business, translation and communications software company SDL plunged after it said it expects a profit shortfall, following a review of the firm, as its struggles against poor sales and marketing execution, as well as the tough economic environment. 'Management forecasts for the year are now consid
Read moreCentamin down on Egypt concerns
26th Nov 2012 08:51
Shares in gold miner Centamin were down sharply on Monday after it warned exports from its suspended Egypt operation were needed soon to ensure it met working capital commitments. The company stopped gold exports after an Egyptian court declared its Sukari mining concession void. That ruling was s
Read moreLondon midday: Risk appetite drops as Eurozone crisis drags on
14th Nov 2012 11:35
- Eurozone in focus as general strikes hit periphery - BoE's King gives gloomy outlook for Q4 UK GDP - Resources firms provide a drag; AMEC jumps With general strikes taking place in Spain, Portugal, Greece and Italy today, concerns about the ongoing Eurozone crisis have reignited this morning, pus
Read moreCentamin delivers record quarterly earnings
14th Nov 2012 08:53
Shares in Egypt-focused gold miner Centamin got a boost on Wednesday after it reported a 43 per cent quarter-on-quarter leap in basic earnings per share (EPS) in the three months ended September 30th. Basic EPS totalled a record 5.53 cents, which was also a 22% increase on the same period the previ
Read moreLondon open: Stocks fall on global economic concerns
14th Nov 2012 08:24
- Stocks track US markets lower on fiscal cliff concerns - Spain said to be nearing bailout request - Banks fall after broker downgrades Concerns about the global economy took centre stage again on Wednesday morning, causing the Footsie to sink early on as general strikes take place in Spain, Portu
Read moreLondon close: Stocks taken down by global uncertainty
5th Nov 2012 16:49
- All eyes turn to the US elections - Greece attempts to agree on austerity - UK and US services PMI disappoint After a sharp fall early on, the FTSE 100 traded broadly sideways for the remainder of Monday's session as investors refrained from building positions ahead of a busy week for the global
Read moreFTSE 250 movers: Centamin gives investors a big thumbs up
5th Nov 2012 14:59
Investors in Egypt-focused gold miner Centamin showed their relief on Monday after the company announced that the Egyptian administrative court has decided that its Sukari mining licence is valid, eliminating the risk of losing its primary source of revenue. Centamin lost nearly 40% of its market
Read moreLondon midday: Investors flee from risk ahead of US elections
5th Nov 2012 11:26
- Investors risk averse ahead of elections - UK services PMI disappoints - Greece to vote on austerity Nervousness ahead of the US presidential elections saw stocks head lower on Monday morning, with losses cemented by a worse-than-expected reading of service-sector activity in the UK. In regards
Read moreLondon open: HSBC and miners provide a drag early on
5th Nov 2012 08:39
UK stocks declined sharply on Monday morning on the back of a mixed reaction to economic data from China and caution ahead of the presidential elections in the US and a parliamentary vote in Greece. The HSBC China services sector purchasing managers' index (PMI) fell from a four-month high of 54.3
Read moreCentamin surges after Sukari labelled 'valid'
5th Nov 2012 07:49
Investors in Egypt-focused gold miner Centamin will be relieved: the company announced on Monday that the Egyptian administrative court has decided that its Sukari mining licence is valid, eliminating the risk of losing its primary source of revenue. Centamin lost nearly 40% of its market capitalis
Read moreSunday newspaper round-up: Lloyds, Government spending, Google
4th Nov 2012 10:43
Lloyds is plotting to raise 1bn pounds through a sale of its 60 per cent stake in Britain's biggest chain of financial advisers. The bank's majority holding in St James's Place Wealth Management could be placed with investors in the market before the year-end. Antonio Lorenzo, the bank's strategy di
Read moreLondon close: Footsie struggles to hold on to gains after jobs data
2nd Nov 2012 16:42
- US jobs provide temporary boost, but gains trimmed - Data unlikely to change Fed's stance, says analyst - Financials Admiral and RBS disappoint While the closely-watched US jobs report provided a bit of a bounce in early afternoon trade, the Footsie had pared gains to finish flat by the close as
Read moreFTSE 250 movers: Shares in Bumi rocket on proposal news
2nd Nov 2012 16:23
Mining group Bumi advanced after saying it has appointed Rothschild Goup as its financial adviser with immediate effect to evaluate the proposal received from Long Haul Holdings. Shares in Dixons rose once again, boosted by the news that its main High Street rival, Comet, is likely to go into admi
Read moreLondon close: Market in bullish mood after upbeat data and earnings
1st Nov 2012 16:46
- Better-than-expected US data bolsters gains late on - Corporate earnings from Lloyds, BT, BSkyB and others impress - Chinese manufacturing figures beat estimates A flood of economic data from the US and China and a barrage of well-received results from some heavyweight stocks in the UK helped the
Read moreFTSE 250 movers: Dixons rises on Comet's administration fears
1st Nov 2012 15:18
Shares in Dixons rose on Thursday following news that its main High Street rival, Comet, is likely to go into administration, prompting one broker to upgrade its price target for Dixons. Comet, the UK's second-largest electrical specialist after Dixons, is estimated to have made a loss of £35m in
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