London close: Late rally fizzles out
6th Jul 2009 16:37
Footsie made a brief attempt to lift itself into the blue in late trading but finished where it spent most of the day: firmly in negative territory. Declining metal and oil prices took their toll on resource stocks. Copper miners Lonmin and Kazakhmys are among the big fallers, despite both stocks b
Read moreLondon afternoon: Defensives in favour as stocks slide
6th Jul 2009 14:26
Footsie is halfway to a triple digit fall as resource stocks drag the market lower, with many pundits suggesting that the market may have bounced back too far since it reversed course in March. Declining metal and oil prices are taking their toll on resource stocks. Copper miners Lonmin and Kazakhm
Read moreUnited Utilities extends upgrade contract
6th Jul 2009 07:38
Utility company United Utilities has extended the AMP4 framework contract with a joint-venture comprising Costain, Atkins and Galliford Try to cover the next upgrade phase for the water industry. The extension for the AMP5 framework will run from 2010 to 2015 and consists of £400m of capital works
Read moreTuesday tips round-up: Unilever, Imperial Tobacco, Ten Alps
16th Jun 2009 06:40
Everything is in place at Unilever to confound the cynics and show good volume growth over the next few years. The shares are yielding 4.5% and trade on a December 2009 earnings multiple of 13.5 times. Unilever is a buy says the Telegraph. Fears of a dividend cut at Imperial Tobacco are overplayed
Read moreLondon close: Triple digit fall for Footsie
15th Jun 2009 17:09
Footsie suffered a triple digit fall today with virtually all blue-chip stocks except defensive favourites such as utilities having their foot jammed hard down on the reverse pedal. Resource stocks led the decline as metals and oil prices moved lower. Platinum miner Lonmin was the weakest stock in
Read moreLondon afternoon: Prices steady at lower levels
15th Jun 2009 14:32
The market moved sideways over the lunch-time session, with the Footsie remaining deep on the red, despite a more upbeat assessment of the economy's prospects from the CBI. The employers' organisation reckons the UK could be out of recession by the end of the year, but any better sentiment was almo
Read moreLondon midday: Dollar rise knocks resource stocks
15th Jun 2009 12:04
London had a difficult morning despite a more upbeat assessment of the economy's prospects from the CBI. The employers' organisation reckons the UK could be out of recession by the end of the year, but any better sentiment was almost immediately squashed by the IMF saying the opposite. It believes
Read moreLondon open: Weak start for blue chips
15th Jun 2009 08:37
London's blue chips have fallen sharply with the miners taking the biggest hit. Platinum miner Lonmin leads the fallers after it shut down its Number One furnace. The group's initial estimate is that a full repair of the vessel is likely to take around 30 days. Other miners are also under pressure
Read moreLondon pre-open: Blue chips to drop
15th Jun 2009 07:37
London's blue chips are expected to fall back in early dealings Monday with traders expecting a 20 point drop. Punch Taverns said it will raise approximately £350m through a placing and open offer and intends to make a tender offer to purchase any or all of its outstanding convertible bonds. The gr
Read moreGalliford Try wins £54m education contract
15th Jun 2009 07:26
Housebuilder and contractor Galliford Try has been awarded a £54m contract called Campus 21 by West Kent College to redevelop the college's Tonbridge campus. The redevelopment will include the construction of a new performance arts building, a main reception area, a community hub and learning area
Read moreGalliford Try on track, improvement in housing market
12th May 2009 08:12
Housebuilder and contractor Galliford Try said it is on track to meet full year company expectations as the 'limited recovery in the housing market seen since the New Year continues.' However on a more cautionary note,"The economic downturn continues to have an impact, with the construction market
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