London open: Miners lift Footsie again
20th Nov 2009 08:51
After yesterday's shake-out, London's leading shares have started on a bright note. Miners are leading the way. They are essentially proxies for movements in the dollar at present. The US currency falls, miners go up and vice versa. The miners are up today as the dollar has dropped back from yester
Read moreLondon pre-open: Stocks set to bounce back
20th Nov 2009 07:41
After yesterday's shake-out, London's leading shares look set to start the final day of the week on a bright note, with the FTSE 100 expected to open around 17 points higher at 5,284. Product quality and safety tester Intertek is in talks to buy the business assurance division of Det Norske Veritas
Read moreRotork moving up a gear
20th Nov 2009 07:09
Valve actuator and gearbox maker Rotork expects this year’s profits will be at the upper end of market forecasts. Although order intake in the third quarter was down 3.4% on the levels seen a year ago, some of the markets in which the company operates are showing signs of a rise in activity. The g
Read moreRotork beefs up US presence
9th Nov 2009 09:32
Specialist engineering company Rotork has bought US company Flow-Quip Controls. Rotork is paying $8m in cash for the Tulsa, Oklahoma based company, of which $1m will be deferred for 12 months. The acquired company will join Rotork's Fluid System division, and will add around $14m of annual revenue
Read moreLondon close: Footsie finishes just down
4th Aug 2009 16:33
London staged a late rally but still finished just in the red as financials weighed and the US started in tepid fashion. Asia-focused bank Standard Chartered was the biggest faller of the day after saying it is to raise £1bn through a placing. It posted solid first half figures with profits up by 1
Read moreMid-cap round-up: Cookson, Spirent, Rotork...
4th Aug 2009 11:27
Industrial materials firm Cookson is at a 9-month high despite slipping into a half-year loss as it raised recovery hopes after a decent start to the second half. The company posted a £3.3m pre-tax loss for the first half of 2009 versus a profit of £99.1m in 2008. Revenue fell 27% at constant exch
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