London pre-open: Shares to fall as further Fed support looking unlikely
12th Mar 2012 07:24
City sources predict the FTSE 100 will open down 12 points from Friday's close of 5,887, as the US Federal Reserve is now not expected to provide further support at its policy meeting tomorrow after last week's data revealed yet another surge in job numbers. The merger discussions between financi
Read moreCarillion bags Thameslink contract
12th Mar 2012 07:13
Support services firm Carillion has been asked to deliver further construction work for the Thameslink programme, the cross-London rail network upgrade. As a delivery partner to Network Rail's Thameslink team, Carillion will be responsible for improvements to depots and stabling sites to allow the
Read moreWednesday broker round-up - UPDATE
29th Feb 2012 09:11
ITV: Nomura maintains neutral recommendation and 88p target; Prime Markets gives buy rating and 95p target; Peel Hunt ups target from 83p to 88p, hold rating kept. Standard Chartered: Nomura keeps buy rating and 1,800p target. CRH: UBS ups target from 1,150p to 1,300p, neutral rating kept. Schrod
Read moreTuesday tips round-up: Aberdeen Asset Management, Hunting, Carillion
24th Jan 2012 06:50
The Independent's Sharewatch column offers a summary of the investment managers, making the point many of them have pay structures similar to investment banks but, often, without offering "benchmark beating" performance. Its top two picks are Aberdeen Asset Management which is recovering from a sca
Read moreLondon pre-open: Stocks to start the week higher
23rd Jan 2012 07:22
City sources predict the FTSE 100 will open up 10 points from Friday's close of 5,728, following on from the US where stocks ended last week at the day's high on optimism of a possible Greek agreement. Oilfield support services provider Hunting said results for 2011 are set to be above market expe
Read moreCarillion celebrates Academy awards
23rd Jan 2012 07:12
Carillion, the support services firm, has been chosen as the preferred bidder in three Academy schools projects in England. The contracts are worth more than £100m and have been awarded through the Partnerships for Schools Contractors Framework. Stockton on Tees Council has chosen Carillion as the
Read moreLondon close: Footsie fades
5th Jan 2012 16:54
London finished lower for the second day in succession, despite some reasonable economic data relating to the all-important UK service economy. The Markit/CIPS service sector purchasing managers´ index for the month of December came in at 54.0 points, versus the 52.1 reading for the previous month.
Read moreLondon midday: Footsie falls, but High St. shows signs of life
5th Jan 2012 12:10
Footsie has turned south after a firm start, with inter-dealer broker ICAP leading the retreat after a trading update from sector peer Tullett Prebon in which it disclosed a chunky exceptional charge for restructuring. Tullett Prebon not entirely friendless Tullett Prebon expects revenue for 2011
Read moreLondon open: Footsie creeps higher
5th Jan 2012 08:26
Footsie is tip-toeing higher in early trade, with tech stocks, oils and banks leading the way. Oilfield services firms Petrofac and Schlumberger are to combine forces on a number of production projects in the emerging and growing production services and production enhancement market. The companies
Read moreCarillion hits the road again
5th Jan 2012 07:43
Two days after it announced a contract to work on the M6 motorway Carillion is on the road again, this time in Canada, where it has won a highway maintenance contract. Carillion Canada has been named as the preferred bidder for the Area Maintenance Contract for London, Ontario, a 12-year contract w
Read moreLondon close: Footsie zeros in on 5700
3rd Jan 2012 17:06
After a moderately buoyant morning session, UK shares raced ahead in the afternoon, encouraged by a very strong showing on Wall Street. The mineral extractors blazed the trail after moderately encouraging manufacturing data from China. China's official purchasing managers' index (PMI) rose to 50.3
Read moreLondon midday: Resource stocks lead the way
3rd Jan 2012 12:08
A number of European markets were open yesterday and notched up good gains, so London has been playing catch-up this morning. The mineral extractors are leading the advance after moderately encouraging manufacturing data from China. China's official purchasing managers' index (PMI) rose to 50.3 in
Read moreLondon open: Chinese manufacturing boost for miners
3rd Jan 2012 08:31
A survey of ten leading market commentators by a national newspaper revealed that only one pundit was expecting Footsie to end 2012 below the level it started at, and although it is a marathon not a sprint, the year has at least got off to a good start, with the blue-chip index racing ahead, paced b
Read moreCarillion wins M6 motorway contract
3rd Jan 2012 07:03
Support services firm Carillion has kicked off 2012 with a contract on the Birmingham section of the M6 motorway. The £104.9m contract is to transform the section of the M6 between junctions 5 and 8 into a so-called managed motorway. Managed motorways use various technological features combined wit
Read moreLondon pre-open: New Year off to a good start
3rd Jan 2012 06:57
London's leading stocks are set to get the year off to a strong start with City sources predicting the FTSE 100 will open up 101 points from the previous close of 5,572. A bitter legal battle appears to be brewing between FTSE 100 mining firm Anglo American and the Chilean, state-owned copper mine
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