London 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 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
Read moreFriday tips round-up: Royal Bank of Scotland, BG, Galliford Try
11th Sep 2009 06:48
Royal Bank of Scotland is in a mess and its chief executive, Stephen Hester, has made no bones about that fact. The shares have recovered strongly recently. Although the economic outlook appears better than it was and RBS should benefit, be wary of backing the lender at these levels until there is
Read moreSmall caps round-up: Cluff Gold, D1 Oils, Jourdan...
8th Sep 2009 10:50
Cluff Gold, the West African focused gold mining company, announces the successful completion of the 7,000 metre drilling programme at Baomahun, its flagship gold project located in Sierra Leone. 'The results demonstrate the down dip continuity of mineralisation at grades and widths which the comp
Read moreGalliford bags another four contracts
7th Sep 2009 14:45
Galliford Try has announced its second batch of contracts win in four days, following up last Thursday's £48.6m parcel of contracts with an even more lucrative set of contracts. The construction and housebuilding group has won four contracts in the hotel and residential sectors valued at a total of
Read moreGalliford Try wins contracts worth £48.6m
3rd Sep 2009 07:46
Construction and housebuilding group Galliford Try has secured several contracts in the health sector worth a total of £48.6m. The group has been selected by NHS Grampian as the principal supply chain partner to design and build three new healthcare centres worth a total of £22.3m in Forres, Moray
Read moreLondon pre-open: More losses predicted
2nd Sep 2009 07:47
The gloomy start to September is set to continue, with Footsie continuing to head lower after yesterday's slide. Like for like sales fell 6% at consumer electronics retailer DSG International during the 16 weeks to 22 August, although a slightly smaller than feared drop in revenue was 'encouraging'
Read moreGalliford Try gets Network Rail role
2nd Sep 2009 07:37
Contractor Galliford Try has been confirmed as one of the contractors on Network Rail's £1bn five-year Enhancements Multi Asset Framework. The programme covers enhancement projects worth up to £15m and includes platform extensions, track, signalling, electrification, telecommunications and other pr
Read moreLondon close: Modest gains as US struggles
9th Jul 2009 16:33
Equities held onto gains despite a lacklustre final session as Wall St struggled to make headway. Mining stocks continue to dominate the list of risers. Silver miner Fresnillo is the best performer after being upgraded to "buy" by Citigroup. In contrast the US bank had downgraded gold miner Rand
Read moreLondon afternoon: Rally gathers pace
9th Jul 2009 14:46
Equities pushed higher over the lunch-time session, boosted by expectations of a firm start on Wall Street. Mining stocks continue to dominate the list of risers. Silver miner Fresnillo is the best performer after being upgraded to "buy" by Citigroup. In contrast the US bank had downgraded gold min
Read moreLondon midday: Mining stocks in the driving seat
9th Jul 2009 12:17
Mining stocks are behind the wheel once again and today they are driving the market higher. Silver miner Fresnillo is the best performer after being upgraded to "buy" by Citigroup. In contrast the US bank had downgraded gold miner Randgold Resources to "hold" from "buy". Elsewhere in the sector An
Read moreGalliford says housing market pickup continues
9th Jul 2009 08:00
Housebuilder and contractor Galliford Try said results for the full year are expected to be in line with company forecasts as the pickup in the UK housing market continues. The initial resurgence of activity during January has been maintained however the overall housing market remains challenging,
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