London close: Modest gains for FTSE 100
11th Dec 2009 16:55
Footsie finished the week with modest gains as miners rallied following strong economic data from China. Industrial production growth in China rose again in November to hit 19.1% year-on-year. It is fastest pace of growth in industrial production since June 2007. In UK economic news, factory ga
Read moreLondon afternoon: China data lifts miners
11th Dec 2009 14:30
Mining stocks are more than offsetting losses on banks, as metal prices pick up following some strong economic data from China. Industrial production growth in China rose again in November to hit 19.1% year-on-year. It is fastest pace of growth in industrial production since June 2007. In UK eco
Read moreLondon midday: Steady gains for Footsie
11th Dec 2009 12:19
London had has a good morning with mining stocks helping Footsie post gains as metals prices rally following some strong economic data from China. Industrial production growth in China rose again in November to hit 19.1% year-on-year. It is fastest pace of growth in industrial production since Jun
Read moreLondon open: Miners lead Footsie higher
11th Dec 2009 08:45
London's leading shares have opened higher with miners boosted by industrial growth figures coming out of China. Industrial production growth in China rose again in November to hit 19.1% year-on-year. It is fastest pace of growth in industrial production since June 2007. Kazakhmys, Rio Tinto and Xs
Read moreLondon pre-open: Moderately firm start expected
11th Dec 2009 07:45
London's leading shares are set to open on a firmer footing, with dealers forecasting the blue chip index will open around 10 points higher. Support services and construction company Carillion expects market conditions will remain challenging but said it believes it will make further progress in 20
Read moreHSBC Infrastructure in new PFI investment
11th Dec 2009 07:07
HSBC Infrastructure, the trust that invests in infrastructure projects, is to pump £2.1m in to the Helicopter Training Facility private finance initiative (PFI) project. The investment will fund a project variation involving the upgrade of a Chinook simulator for training by the Royal Netherlands A
Read moreTuesday tips round-up: Thomas Cook, Drax, Creston
1st Dec 2009 06:44
Annual results from Thomas Cook beat consensus expectations and also included an upbeat outlook for the coming year. With a price to earnings ratio of just 10.7 times, a considerable discount to rival TUI Travel, Thomas Cook is still a buy says the Independent. Power station Drax supplies about 7%
Read moreHSBC Infra boosts police project stake
30th Nov 2009 07:47
Investment trust HSBC Infrastructure is making good on its pledge to carry on buying, and has boosted its stake in the Greater Manchester Police Authority public finance initiative project. The trust, which specialises in investing in infrastructure projects, has upped its stake in the project from
Read moreFriday tips round-up: Euromoney, Serco, Synergy Healthcare...
13th Nov 2009 06:37
Publisher Euromoney has cut costs by imposing pay freezes, forced holidays and redundancies on its staff, but is now seeing the benefit. Subscriptions are down, but it is looking to renewed advertising - led by the emergence of new banks such as the confusingly monikered Bank of America Merrill Lyn
Read moreHSBC Infrastructure still buying
12th Nov 2009 16:20
Investment trust HSBC Infrastructure’s net asset value per share held steady over the March to September period. Net asset value (NAV) per share as at 30 September stood at 113.3p on a consolidated IFRS basis, up from 111.1p at the end of March, while on an investment basis the NAV per share eased
Read moreThursday tips round-up: Balfour Beatty, BHP Billiton, Mitie
13th Aug 2009 06:07
Balfour Beatty has an enviable balance sheet, a strong order book and diversified income streams. It is likely to be a beneficiary of infrastructure spending in continuing stimulus packages and fears about future public spending have been overdone over the past few months. The shares remain a buy at
Read moreHSBC Infrastructure unfazed by downturn
7th Aug 2009 10:51
HSBC Infrastructure, an investor in public-private projects, said its portfolio is performing well and has been largely unaffected by the economic crisis. After recently acquiring two Scottish Schools private finance initiative (PFI) projects for £23.6m, it now has 30 infrastructure investments, 29
Read moreHSBC Infrastructure buys another school stake
9th Jul 2009 08:43
HSBC Infrastructure has purchased a 50% stake in the Highland Schools Public/Private Partnership (PPP) project. The investment firm, which specialises in infrastructure investment, is paying £16.8m to Morrison Education (Highland) Limited for the stake. The company said the price paid is in line w
Read moreHSBC Infrastructure buys schools stake
26th Jun 2009 08:01
Infrastructure investment company HSBC Infrastructure has acquired a 30% stake in the Renfrewshire Schools project from Carillion. HSBC Infrastructure (HICL) has paid £6.8m for the stake, a price which the company said is in line with the current valuation range of similar private finance initiativ
Read moreLondon close: Blue chips close lower
28th May 2009 16:51
UK blue chips closed lower despite a bright start on Wall Street with sentiment knocked by poorly received updates from Wolseley and Man Group. Hedge fund manager Man Group was weighed down by disappointing results. "The past financial year saw extraordinary turmoil in financial markets globally wh
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