London midday: Banks get battered
2nd Dec 2009 12:11
After yesterday's strong gains, equities come off the boil today with banks, in particular, getting hammered, on enduring fears over exposure to Dubai debt. Royal Bank of Scotland (RBS) and Lloyds Banking are the big fallers among blue-chips, while elsewhere in the banking sector Barclays is also o
Read moreLondon open: Flat start for Footsie
2nd Dec 2009 08:41
London's blue chips have made a flat start despite gains for miners as gold hit a new record high. The metal rose above $1,200 per ounce again overnight in Asia as investors sought refuge from a weak dollar and Dubai's woes. Lonmin, Vedanta and Kazakhmys are all going well. Offsetting that are som
Read moreLondon pre-open: Flat start ahead
2nd Dec 2009 07:33
London's blue chips look set to open largely unchanged from yesterday's close, though commodities are likely to be in focus after gold hit a new record high. Gold rose back above $1,200 per ounce again overnight in Asia as investors sought refuge from a weak dollar and Dubai's woes. In corporate n
Read moreCarillion wins £360m Toronto deal
2nd Dec 2009 07:21
Carillion said the City of Toronto has appointed Carillion Canada as construction manager for the revitalisation of the City's Union Station, a 5-year project valued at around £360m. The support services and construction company said its business in Canada is expected to grow significantly in 2009
Read moreLondon Close: Dubai worries knock market
26th Nov 2009 17:25
The London market wasn't helped by a technical glitch at the London Stock Exchange but it was never going to be a good day due to worries about the debt problems of Dubai. The fact that there was no trading for more than three hours just made investors even more nervous. The FTSE 100 fell by more
Read moreLondon Stock Exchange chairman buys despite technical glitch
26th Nov 2009 16:38
London Stock Exchange chairman Chris Gibson-Smith decided to add to his stake on the day that the London Stock Exchange's trading facilities were unavailable for more than three hours. He spent just under £100,000 on shares at 769.85p a share. That takes his stake in the London Stock Exchange to 63,
Read moreThursday tips round-up: Home Retail, Drax, Carillion
22nd Oct 2009 06:00
Home Retail Group, the owner of Argos and Homebase, is well placed to benefit from a sustained upturn in consumer spending. When this comes, it represents a safe pair of retail hands in the long-term. The valuation remains a concern, but given that Mervyn King, Governor of the Bank of England, is be
Read morePhilip Rogerson to chair Bunzl
16th Oct 2009 07:52
Distribution and outsourcing group Bunzl has made Philip Rogerson its new chairman and announced the retirement of interim chairman Jeff Harris. Rogerson will join the board as chairman designate on 1 January next year and take up the role in full at the start of March. He'll give up his current p
Read moreCarillion JV signs £1bn BT deal
13th Oct 2009 07:46
A Carillion-telent joint venture has signed a 7-year contract to provide nationwide support services for Openreach, BT's local access network business, worth in the region of £1bn. Under the contract, which follows a letter of intent signed in August this year, the joint venture will deliver a rang
Read moreLondon close: Best finish in 12½ months
12th Oct 2009 16:48
UK share prices finished at their best levels in over a year Monday and, despite a few sellers appearing late on, the FTSE 100 ended the session above 5,200. Insurers Old Mutual, Standard Life and Legal & General were in demand all day. Rising stock markets are always good news for their investment
Read moreLondon afternoon: Banks' balance sheet issues resurface
12th Oct 2009 14:23
The Footsie crashed through the 5200 barrier this morning to rise to a one-year high and although prices came off the top over the lunch-time session, the vast majority of blue-chips are still in the blue. The upward trend in global equity markets is good news for the insurers and their investment
Read moreLondon midday: Footsie at year-high
12th Oct 2009 12:07
London's blue chips hit their best level since September last year as buyers charged in again following the strong performance on Wall Street last week. There are strong risers in most sectors with the notable exception of banks where Barclays and Lloyds Banking are both lower. Banking giant Barcl
Read moreFTSE 250 movers: IPF jumps on brighter outlook
12th Oct 2009 09:28
Shares in credit lender International Personal Finance (IPF) jumped after it said it had seen a recovery in trading that will result in its full year performance being 'materially ahead of current market expectations' if it continues. ITV shares are higher even after the broadcaster said that its h
Read moreLondon open: London makes healthy start
12th Oct 2009 08:50
London has made a bright start helped by the strong finish to last week on Wall Street. Index heavyweight Vodafone is ahead along with Unilever, Shire and Segro as buyers dominate. Only Invensys and Randgold Resources are significantly in the red. Banking giant Barclays is lower despite reports it
Read moreLondon pre-open: Firm start on the cards
12th Oct 2009 07:40
London is expected to get the week off to a bright start, with traders predicting the FTSE 100 will open around 22 points higher, but early attention is likely to be dominated by board room turmoil in two second-liners. The long running soap opera revolving around the chairman role at TV broadcaste
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