London midday: Steady gains for Footsie
11th Dec 2009 12:19
London had has a good morning with mining stocks helping Footsie post gains as metals prices rally following some strong economic data from China. Industrial production growth in China rose again in November to hit 19.1% year-on-year. It is fastest pace of growth in industrial production since Jun
Read moreLondon open: Miners lead Footsie higher
11th Dec 2009 08:45
London's leading shares have opened higher with miners boosted by industrial growth figures coming out of China. Industrial production growth in China rose again in November to hit 19.1% year-on-year. It is fastest pace of growth in industrial production since June 2007. Kazakhmys, Rio Tinto and Xs
Read moreLondon pre-open: Moderately firm start expected
11th Dec 2009 07:45
London's leading shares are set to open on a firmer footing, with dealers forecasting the blue chip index will open around 10 points higher. Support services and construction company Carillion expects market conditions will remain challenging but said it believes it will make further progress in 20
Read moreCarillion positive despite challenges
11th Dec 2009 07:02
Support services and construction company Carillion expects market conditions to remain challenging but said it believes it will make further progress in 2010. Underlying earnings per share are expected to grow by at least 10% in the 12 month ended 31 December. In support services, margins are
Read moreLondon close: Financials lead advance
10th Dec 2009 16:31
UK shares closed not far off their best levels of the day as a strong start on Wall Street built on substantial support for UK-listed financial plays. Investors welcomed Alistair Darling's decision yesterday not to slap a windfall tax on banks and speculation that British lenders had agreed to resc
Read moreFriday preview: Carillion, Lloyds...
10th Dec 2009 15:57
Lloyds' shareholders have to make up their minds over the bank's £13.5bn rights issue tomorrow. Hopes of a good take-up from the 2.8m private investors are high in some quarters, encouraged by this week's heavily oversubscribed $986m US bond exchange. Holders wanted to swap $2.7bn of existing secur
Read moreLondon afternoon: RBS rises on asset sale hopes
10th Dec 2009 14:19
Rises outnumber falls by around three to one among Footsie constituents, as the blue- chip index consolidates the morning's gains. Banks and insurers remains the flavour of the day, while properties and miners are out of favour. Royal Bank of Scotland leads the market rally on press reports that i
Read moreLondon midday: Banks lead rally
10th Dec 2009 12:34
Financial stocks are driving the market higher, with banks and insurers featuring prominently among the best performers. In the banking sector RBS, Lloyds and Barclays rack up the best gains while among insurers Standard Life, Legal & General and RSA are to the fore. Property stocks, however, are
Read moreLondon open: Shares start down
10th Dec 2009 08:15
London's top stocks are slightly lower in early dealings Thursday morning despite progress from US blue chips last night. United Utilities is leading the fallers following news that its chief financial officer Tim Weller is to jump ship to take over the CFO role at the Cable & Wireless division, Ca
Read moreLondon pre-open: Flat start expected
10th Dec 2009 07:39
Little movement is expected from Footsie in early dealings despite progress from US blue chips last night. Tim Weller, chief financial officer (CFO) of United Utilities, is to jump ship to take over the CFO role at the Cable & Wireless division, Cable & Wireless Worldwide. Weller will join the Cabl
Read moreCarillion wins Bristol hospital gig
10th Dec 2009 07:18
Carillion, the support services and construction firm, has won preferred bidder status for the Southmead Hospital public/private partnership development project in Bristol. The company, operating in a 50-50 joint venture with Lloyds Banking subsidiary Bank of Scotland Corporate, will finance the ne
Read moreCarillion JV wins Abu Dhabi building contract
9th Dec 2009 07:58
Al Futtaim Carillion, a joint venture involving support services and construction firm Carillion, has won a £150m contract to build new headquarters for the Abu Dhabi Investment Council. The building is scheduled to be completed by the end of 2011. 'Carillion remains on track to deliver substantia
Read moreCarillion reduces stakes in PPP projects
7th Dec 2009 07:31
Support services and construction firm Carillion has cashed in some of its chips on two public/private partnership (PPP) projects. The company has sold 65% of its 50% stake in the Allgeby Connaught project and half of its 40% equity interest in the Cheltenham New Accommodation Project for £86.9m to
Read moreLondon close: Miners push Footsie higher
2nd Dec 2009 17:09
Despite being weighed down by a number of ex-dividend stocks, Footsie finished the day in positive territory, with gains on miners outweighing losses on banks. With metals prices hardening, miners were in demand. Lonmin was the best performer after being raised to 'buy' by Investec, which also upgr
Read moreLondon afternoon: Footsie in the blue
2nd Dec 2009 14:52
Though banks are still looking sickly, Footsie has struggled into positive territory on the back of a strong mining sector. Royal Bank of Scotland (RBS) remains the biggest faller among blue-chips, with lingering concerns about its exposure to Dubai World's debt now overshadowed by with newspaper r
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