London close: Back above 5,000
7th Jul 2010 16:21
Britain's banks staged an impressive turnaround Wednesday that helped carry London out of the red and onto a second day of very respectable gains. High street lenders were unsettled early on as investors waited for details on the nature of European stress tests for about 100 banks. Last-minute hagg
Read moreUPDATE: UK Govt To Meet Suppliers Thursday To Seek Cost Cuts
7th Jul 2010 15:25
(Adds comments, details) By Laurence Norman DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. Cabinet Office Minister Francis Maude will discuss cost savings with the government's biggest suppliers on Thursday as the government seeks to pare back a huge budget deficit. The move comes as t
Read moreLondon afternoon: Banks help retrace losses
7th Jul 2010 14:26
London's leading shares have retraced most of the earlier losses as Wall Street starts with some modest gains. Wall Street was expected to begin jittery but moved ahead with tech stocks leading the advance. Banks, which were lower earlier in the day, have now retraced those losses. Lloyds and HSB
Read moreLondon midday: Market struggles despite BP rally
7th Jul 2010 12:07
A cautious update from Marks & Spencer and weak banking shares are weighing on the market despite good showings from BP and Sainsbury's. M&S reported a 3.6% rise in UK like-for-like sales in the first quarter, but is cautious about the outlook for consumer confidence and spending. Like for like sal
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
7th Jul 2010 09:26
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0826 GMT [Dow Jones] Panmure Gordon raises Carillion (CLLN.LN) price target to 350p from 300p following the company's 1H upda
Read moreMARKET TALK: Panmure Raises Carillion Price Target
7th Jul 2010 09:26
0826 GMT [Dow Jones] Panmure Gordon raises Carillion (CLLN.LN) price target to 350p from 300p following the company's 1H update. Says trading is in line with expectations, but the group continues to make good progress in Support Services amid diversification away from its traditional UK constructio
Read more2nd UPDATE: Carillion Says Its On Track To Make Progress
7th Jul 2010 09:17
(Adds detail and comment.) By Jonathan Buck Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Support services and construction group Carillion PLC (CLLN.LN) Wednesday said it expected to post an increase in first-half earnings despite challenging market conditions, and that it remains on tra
Read moreLondon open: Blue chips head lower
7th Jul 2010 08:45
London's blue chips have retreated after the surge yesterday with a cautious update from Marks & Spencer dampening the mood. The High Street bellwether reported a 3.6% rise in UK like-for-like sales in the first quarter but is cautious about the outlook for consumer confidence and spending. Like fo
Read moreUPDATE: Carillion Says Its On Track To Make Progress In 2010
7th Jul 2010 08:24
(Adds detail.) By Jonathan Buck Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Support services and construction group Carillion PLC (CLLN.LN) Wednesday said it expected to post an increase in first-half earnings despite challenging market conditions, and that it remains on track to make f
Read moreCarillion Says Its On Track To Make Progress In 2010
7th Jul 2010 07:41
By Jonathan Buck Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Support services and construction group Carillion PLC (CLLN.LN) Wednesday said it expected to post an increase in first-half earnings despite challenging market conditions, and that it remains on track to make further progress in t
Read moreLondon pre-open: Shares to retreat
7th Jul 2010 07:39
London's blue chips look set to drop once again as investors mull a mixed bag of company results. City experts expects Footsie to give up 45 points after finishing just three points shy of its high point yesterday. High Street bellwether stock Marks and Spencer reported a 3.6% rise in UK like for l
Read moreNo 'material' impact from government cuts - Carillion
7th Jul 2010 07:16
Carillion said the coalition government's cuts on the Building Schools for the Future programme will not have a "material impact" on the group's orders. It said Carillion is resistant to any potential government cuts in the public sector because only £0.5bn of its £19.7bn order book is expected to
Read moreCarillion Expects Increase In 1H Underlying Earnings
7th Jul 2010 07:15
LONDON (Dow Jones)--Carillion PLC (CLLN.LN), U.K.-based support services company, said Wednesday underlying earnings the first six months of 2010 is expected to increase, more than offsetting the effects of disposing of non-core businesses and of selling investments in Public Private Partnership pro
Read more2nd UPDATE: UK Govt To Meet Suppliers Thursday To Seek Cost Cuts
7th Jul 2010 00:01
(Updates with details from speech Cameron is due to make before civil servants later Thursday) By Laurence Norman DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. Cabinet Office Minister Francis Maude will discuss cost savings with the government's biggest suppliers on Thursday as the govern
Read moreWednesday preview: Marks & Spencer, Aveva, 3i, Carillion
6th Jul 2010 17:15
High Street bellwether stock Marks and Spencer (M&S) will issue a first quarter interim management statement on Wednesday. If things work out well for management, the trends will be good enough to take shareholders' minds off director remuneration, which is likely to be a hot topic at the company's
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