London afternoon: Retailers provide some cheer
15th Sep 2010 14:29
Resource stocks remain a weight around Footsie's neck and have been joined over the lunch time session by banks, which are lower as the market ponders the implications of the Basel III banking guidelines. BP is lower in line with weaker oil prices, with the oil giant suffering more than its peers
Read moreLondon midday: Footsie hobbled by resource stocks
15th Sep 2010 11:58
Resource stocks are dragging London lower despite a good showing by retailers. Lower commodity prices are largely responsible for the sell off of commodity stocks, though legal battles also hover over a couple of stocks. BP is lower in line with weaker oil prices, with the oil giant suffering more
Read moreLondon close: Sluggish Footsie limps higher
10th Sep 2010 16:38
Modest gains on Wall Street failed to spur London into action and the leading share index closed just a few points higher. US shares were boosted by economic figures showing wholesale inventories jumped by 1.3% in July, ahead of estimates, and sales at distributors rose by 0.6%. Among companies he
Read moreFTSE 250 movers: BTG gets a shot in the arm
10th Sep 2010 14:56
Tests on a drug licensed out by the UK's BTG to Cougar Biotechnology have gone so well the American firm has been told to offer the prostate cancer treatment to study patients who were using a placebo. BTG's shares are up 8%. Hochschild Mining is shining after an encouraging scoping study and an up
Read moreLondon afternoon: Main index little moved
10th Sep 2010 14:39
We're little changed from last night's close as Wall Street opens, with a largely bright financials sector offset by mostly weaker commodity plays. Most banks have done well - Barclays excluded - on hopes that new banking rules announced this weekend will be favourable. Regulators are meeting this
Read moreLondon midday: Footsie flat as mining retreat offsets banks' advance
10th Sep 2010 12:01
On a quiet day on the company news front Footsie is flat, with banks advancing on hopes that new banking rules announced this weekend will be favourable, but miners falling back. Regulators are meeting this weekend to thrash out rules on banks' capital. Royal Bank of Scotland leads the sector on ho
Read moreLondon open: Flat start for Footsie
10th Sep 2010 08:51
London has opened flat with little sign of that changing after a lacklustre first hour. US shares tailed off towards the end of day on Wall Street and that has had some impact. Banks are still going well ahead of the new capital rules to be unveiled by BIS on Monday. Royal Bank of Scotland leads th
Read moreLondon pre-open: Modest falls expected
10th Sep 2010 07:36
The late swoon by Wall Street yesterday is having its effect on sentiment this side of the pond, and City traders expect the Footsie to open around 22 points lower than last night's close. JD Wetherspoon took another swipe at government taxes on the pub industry as it revealed like for like sales g
Read moreWetherspoon grows profits despite slow sales
10th Sep 2010 07:10
JD Wetherspoon took another swipe at government taxes on the pub industry as it revealed like for like sales grew by just 0.1% in the year ended 25 July, although profit was up over 7%. Total sales, up 4.3% to a record £996.3m, were helped by new pubs, but growth was down on last year's 5.2%. Bar s
Read moreLand Secs FD increases stake
27th Jul 2010 17:08
Land Securities finance director Martin Greenslade has been adding to his shareholding. He bought 11,000 shares at 612.4p each. This £67,000 investment took his stake to 470,029 shares. Chief executive Francis Salway and London Portfolio MD Robert Noel have also been buying in recent weeks. Gr
Read moreUPDATE: Mitchells & Butlers Robust But Uncertain On Outlook
22nd Jul 2010 07:36
(adds detail) By Michael Carolan and Kaveri Niththyananthan Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. pub group Mitchells & Butlers PLC (MAB.LN) said Wednesday its financial position is robust but there continues to be uncertainty around discretionary expenditure in the U.K. The
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
16th Jul 2010 11:16
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1016 GMT [Dow Jones] Citigroup slashes JD Wetherspoon (JDW.LN) price target to 540p from 740p, reflecting the lower-than-expe
Read moreMARKET TALK: Citigroup Cuts JD Wetherspoon Price Target
16th Jul 2010 11:16
1016 GMT [Dow Jones] Citigroup slashes JD Wetherspoon (JDW.LN) price target to 540p from 740p, reflecting the lower-than-expected margin guidance for FY '10, following the 4Q update. Also takes into account recent market weakness and a more cautious outlook. Cuts '10 EPS forecast to 34.0p from 34.8p
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
16th Jul 2010 10:53
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0953 GMT [Dow Jones] UBS lowers JD Wetherspoon (JDW.LN) target price to 560p from 580p. "Our outlook for modest economic grow
Read moreMARKET TALK: UBS Lowers JD Wetherspoon Target Price
16th Jul 2010 10:53
0953 GMT [Dow Jones] UBS lowers JD Wetherspoon (JDW.LN) target price to 560p from 580p. "Our outlook for modest economic growth should improve the backdrop for pub sales, however we feel that, since the recovery is not expected to be vigorous, value formats will be favored by consumers," it says. Sa
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