Carillion offloads environmental consultancy
12th Oct 2009 07:18
Carillion, the support services company, is to sell its environmental consultancy business Enviros. Engineering, sciences and project delivery firm, Sinclair Knight Merz, is paying around £27m (net) in cash for Enviros. The final price is subject to completion of balance sheet adjustments. Carilli
Read moreLondon close: Footsie highest in over a week
8th Oct 2009 16:33
Stocks ran out of steam mid-afternoon, trading as near to Wednesday's close as they had done all day, but strength on Wall Street inspired a late rally here. The top stocks were still mining companies as metal prices continued their march higher. Gold futures neared $1,060 an ounce as the dollar co
Read moreLondon afternoon: Equities in consolidation phase
8th Oct 2009 14:42
London's leading shares continued to trade sideways over the lunchtime session, consolidating the morning's gains. Mining stocks are responsible for much of the Footsie's buoyancy with Xstrata, ENRC, Kazakhmys, Antofagasta, Anglo American and BHP Billiton all going well. Vedanta is also on the u
Read moreFTSE 250 movers: Halfords sets the pace
8th Oct 2009 14:05
Car and bike accessories retailer Halfords is pedalling ahead after it saw the rate of like for like (LFL) sales growth pick up in the second quarter of its financial year. Support services and construction company Carillion is higher after it said it continues to perform well and remains on track
Read moreLondon midday: Updates please investors
8th Oct 2009 11:46
Footsie is still in the blue as investors give a warm reaction to company announcements, though the leading share index is off its earlier highs. Vedanta leads the mining sector higher. The Indian giant said zinc, copper and aluminium operations were at full capacity during the second quarter as it
Read moreLondon open: Buoyant miners lift Footsie
8th Oct 2009 08:17
Buoyant mining shares are giving London's blue chips a lift in early dealings the day after gold hit a new record high. Nine out of the ten top FTSE 100 performers are miners. Lonmin is leading the way, closely followed by Xstrata, Rio Tinto, Fresnillo, Kazakhmys, Antofagasta, Vedanta Resources, An
Read moreLondon pre-open: London set to get off to a flyer
8th Oct 2009 07:38
After yesterday's pause for breath leading shares are back at the races today, with dealers predicting the FTSE 100 will open just under 50 points higher. Attention is certain to focus on part-nationalised bank Lloyds Banking Group which is proposing to raise around £25bn in capital by means of a r
Read moreCarillion on track despite tough conditions
8th Oct 2009 07:31
Support services and construction company Carillion said it continues to perform well and remains on track to deliver materially enhanced earnings in 2009, despite challenging market conditions. The group said its balance sheet remains robust and it still expects to deliver cash-backed profit and t
Read moreLondon close: Shares end up but down from highs
22nd Sep 2009 16:39
London's leading shares finished with slight gains but were well below earlier highs as miners eased back slightly. Eurasian Natural Resources, Lonmin, Xstrata and Vedanta Resources still posted healthy gains, while precious metals miners Fresnillo and Randgold Resources were also on the climb. R
Read moreLondon afternoon: Shares off the top
22nd Sep 2009 14:07
Shares drifted lower over the lunchtime session but are still up on the day, helped in no small part by the strength of miners, which are rising in line with firmer metals prices. Rio Tinto is wanted after it sold off another chunk of Alcan. The heavily indebted miner sold Alcan Composites, part of
Read moreUpdate: No blacklisting of construction firms
22nd Sep 2009 13:59
More than a hundred of the UK's leading building contractors including Balfour Beatty, Kier and Carillion were landed with fines today by the Office of Fair Trading (OFT) after a four-year investigation into collusion and price-fixing in the building industry. The OFT stopped short of putting the
Read moreLondon midday: Rio's assets sale continues
22nd Sep 2009 12:10
Miners continue to lead the market higher as investors return to the market after yesterday's pause for breath. Rio Tinto is wanted after it sold off another chunk of Alcan. The heavily indebted miner sold Alcan Composites, part of the Alcan Engineered Products division, to Swiss firm Schweiter Tec
Read moreFTSE 250 movers: Carillion falls after fine
22nd Sep 2009 11:21
Engineering and construction contractor Carillion is among the heaviest fallers in the mid-cap index after it was fined £5.3m by the Office for Fair Trading (OFT) after a four-year investigation into collusion and price-fixing in the building industry. Carillion pointed out that the fine relates to
Read moreLondon open: Bright start for Footsie
22nd Sep 2009 08:46
London's blue chips have made good progress this morning, buoyed by Wall St clawing back some of Monday's early losses in late trading in the US. It is resource stocks that lead the way again. Tullow Oil has recovered from the profit taking of the past two days, while Lonmin and Fresnillo are leadi
Read moreContractors respond to OFT decision
22nd Sep 2009 07:44
Engineering and construction contractor Balfour Beatty has moved to limit the fall-out from the Office of Fair Trading's decision to fine it, along with other builders, for price fixing. The company's Mansell subsidiary has been fined £5.2m by the Office for Fair Trading (OFT) for breaches of compe
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