London open: Footsie pushes on
23rd Mar 2010 08:48
Footsie has moved higher in early dealings after a good showing from US shares overnight. Cairn Energy is the star performer so far. The oil group raised its forecast for peak production from its Indian assets by over a third to 240,000 barrels per day. The group posted net losses for 2009 of $60.7
Read moreCarpetright FY profit to fall below forecasts
23rd Mar 2010 07:46
Carpet and floor coverings retailer Carpetright said the rate of recovery seen towards the end of 2009 has not been sustained and group profits for the year to 1 May 2010 are likely to fall below current market expectations. "It is now clear that recent like for like sales growth, while remaining p
Read moreLondon afternoon: Footsie falls as miners switch sides
3rd Feb 2010 14:32
Mining stocks headed south over the lunch time session, taking the blue-chip index with them. Antofagasta is the worst performer in the mining sector. The copper miner produced 442,500 tonnes of the red metal in 2009, ahead of its original forecast of 433,000 tonnes but lower than the 477,700 tonne
Read moreFTSE 250 movers: Partygaming jumps after sales surge
3rd Feb 2010 13:51
Investors in PartyGaming, which owns the PartyPoker.com online gambling site, are celebrating after it said fourth quarter sales surged 32% from the year before and it remains confident about the full year outlook. Sales of carpets bounced back strongly in the run-up to Christmas at Carpetright, he
Read moreLondon midday: Merrills takes a shine to banks
3rd Feb 2010 12:08
Footsie ended the morning at an intra-day high, driven by a strong performance from financial stocks and miners. Standard Life is the top riser after it announced a 'significant increase' in flows and sales in the fourth quarter. Life and pensions net inflows more than tripled to £1.3bn from £0.4bn
Read moreLondon open: Quiet start despite Wall St rally
3rd Feb 2010 08:50
Hopes of a strong start have been dashed with Footsie limping along at present even though Wall Street posted its second triple-digit gain in two gains overnight. Data search software Autonomy reported fourth quarter and full year figures that were in line with expectations and gave a confident out
Read moreCarpetright sales bounce back
3rd Feb 2010 07:08
Sales of carpets bounced back strongly in the run-up to Christmas at Carpetright, helping the group to lift sales overall by 7% despite problems with cold weather. UK and Ireland were the star turns with the sales in the 13 weeks to January up 7.7%, with like-for-like sales up 2.3%. A net four st
Read moreFTSE 250 movers: Chemring under attack
18th Jan 2010 13:07
Shares in Chemring are lower ahead of the military decoy specialist's preliminary results tomorrow. Retailers are mixed, with department store Debenhams and carpet and tiling retailer Carpetright higher but video games retailer Game in the red. Newspaper publisher Trinity Mirror and directories g
Read moreFTSE 250 movers: Domino's Pizza delivers gains
23rd Dec 2009 08:40
Domino's Pizza, which said today that it will continue with its share repurchase scheme during its close period. In retail, sports chain Sports Direct is among the risers, but carpet retailer Carpetright falls back. Dairy group Robert Wiseman is the heaviest faller, with newspaper publisher Trini
Read moreLondon close: Losses narrow
15th Dec 2009 16:33
Top shares fought back late afternoon to halve losses, but most financial issues stayed lower, while oil plays also ended friendless. Turmoil in the Greek banking sector since credit ratings agency Fitch downgraded the country's sovereign debt last week continued to hurt. Barclays and HSBC were am
Read moreLondon afternoon: Banks continue to weigh
15th Dec 2009 14:51
London is off its worst levels of the day, but remains deep in the red as finance plays suffer on fears about the strength of European peers. Barclays and HSBC are among the worst performers as Greek rivals slump on worries about their country's budget deficit. Reports, later denied, that Austria'
Read moreLondon midday: Footsie drifts back
15th Dec 2009 12:12
Footsie has drifted slightly lower as banks and miners join British Airways among the heaviest fallers. The airline is in focus amid expectations of a 12-day strike over Christmas. BA said it is mulling "all options" to cope with the planned action by cabin crew over the Christmas period. BA is
Read moreLondon open: Dull start as BA suffers
15th Dec 2009 09:02
London's top stocks have turned lower as investors take a breather following recent gains. British Airways has generated most headlines this morning. The embattled airline is drawing up contingency plans to cope if the planned 12-day strike by cabin crew goes ahead. An injunction is one option, but
Read moreCarpetright doubles divi after 'strong' first half
15th Dec 2009 07:28
A return to sales growth in the UK & Ireland helped carpets and floor coverings group Carpetright increase pre-tax profit by 16% and double the dividend. Profit before tax for the 26 weeks ended 31 October grew to £11m from £9.5m a year ago, which includes a £2.9m loss on the exit from Poland. Reve
Read moreTuesday preview: Carpetright, Informa, Go-Ahead
14th Dec 2009 16:30
KBC Peel Hunt notes that Carpetright has been benefiting from the demise of fellow carpet retailer Allied Carpets and thinks it is in a strong position to 'deliver record UK sales this year.' The company's interim results should offer some clues as to whether this will be achieved. Citigroup is not
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