Sector movers: Software stocks in demand
19th Apr 2010 13:16
GB Group is among the stocks lifting software and computer services stocks higher on a busy day for the sector. The identity management business said it expects to report profits significantly better than the revised market expectations despite difficult market conditions. Profit before interest,
Read moreLondon midday: Shares still under a cloud
19th Apr 2010 12:28
UK shares remain under a cloud, with travel stocks coming under selling pressure as the disruption from the Icelandic volcano cloud continues to disrupt air travel. IATA, the international air transport association, has estimated that the airlines industry has lost $250m per day from the grounding o
Read moreLondon open: Air travel woe dominates
19th Apr 2010 08:46
Travel problems continue to dominate the market with the UK flight ban extended to tomorrow at the earliest. More than 100,000 customers of TUI Travel due to return home yesterday were left stranded by the ongoing flight ban imposed after the eruption of the volcano in Iceland last week. Currently,
Read moreLondon pre-open: Decline to continue
19th Apr 2010 07:48
After Friday's shake-out the downward trend looks set to continue at the start of this week with City traders forecasting the Footsie will open around 30 points lower. More than 100,000 customers of TUI Travel due to return home yesterday were left stranded by the ongoing flight ban imposed after t
Read moreSage boss to up roots
19th Apr 2010 07:04
The Sage Group has confirmed that its chief executive, Paul Walker, has announced his intention to stand down after 16 years at the helm of the accountancy software company. Responding to speculation in the press the company said that Walker, who has been with the group for 26 years, will give up t
Read moreLondon close: Paltry gains for FTSE 100
12th Apr 2010 16:36
Footsie closed just a few points in the blue after an unusually sluggish day, even for a Monday. In the absence of any blockbusting company news much of the share price activity has been generated by newspaper or broker comment. Antofagasta was one of many laggards in a soft mining sector after
Read moreLondon afternoon: London lays low
12th Apr 2010 14:36
Traders who stuck to their dealing screens over the lunchtime session were left wondering why they bothered as they market remained as quiet and as uneventful as it had been in the morning session. In the absence of any blockbusting company news much of the share price activity has been generated b
Read moreLondon midday: Home Retail rises on bid talk
12th Apr 2010 11:59
Hopes that news of the rescue package for Greece would give renewed impetus to London's advance are proving unfounded, as the Footsie is weighed down by weak miners. Xstrata leads the mining sector lower, with ENRC and Antofagasta not far behind. The last mentioned was recently downgraded to 'hold'
Read moreLondon close: Footsie snaps 4-day losing streak
26th Jan 2010 16:25
Top stocks staged a recovery late afternoon as Wall Street reacted well to US consumer confidence at a 16-month high. Standard Chartered was a bright spot after Nomura said the recent share price fall represents a buying opportunity. The Japanese broker upgraded the Far East focused bank to 'buy'
Read moreLondon afternoon: Losses pared
26th Jan 2010 14:19
Leading shares cut back their losses over the lunch time session but resource stocks remain under the cosh on fears that the Chinese authorities will step up its campaign to cool down its overheating economy and lift interest rates. Fresnillo, Xstrata and Kazakhmys lead the mining sector lower, wh
Read moreBroker tips: BSkyB, Sage, De La Rue
26th Jan 2010 12:42
Satellite TV firm BSkyB is due an uplift into Thursday's interim results after being impacted by numerous factors recently, thinks Nomura. The company has been weighed by the impending final decision from the OFCOM pay TV review, greater appetite for cyclical companies, BT's £20 pricing for fibre a
Read moreLondon midday: GDP figures no comfort
26th Jan 2010 12:03
News that the UK economy limped out of recession in the fourth quarter has failed to cheer equities, which remain more concerned about China and the possibility its government will slam the economic brakes on. The UK economy grew just 0.1% in the fourth quarter, far less than expected. Economists h
Read moreBroker snap: Sage needs acquisitions
26th Jan 2010 10:26
Accountancy software giant Sage traded in line with expectations during the last three months of 2009, but needs acquisitions to 're-ignite' earnings, says Piper Jaffray. The company sees no change in the trading environment in the first quarter of this year, driving an in-line performance thanks t
Read moreLondon open: Blue chips struggle
26th Jan 2010 08:49
Footsie has fallen again in early dealing with miners again under pressure on worries about overheating in China and the possibility its government will slam the economic brakes on. The big mining names are all lower this morning. Rio Tinto, Anglo American and Lonmin are the worst affected, but fal
Read moreLondon pre-open: More losses expected
26th Jan 2010 07:35
Footsie is expected to continue the decline that began last week in early dealings. The decline in consumption by non-residential customers tailed off in the fourth quarter, water company Severn Trent said. The company, which said it has been trading in line with expectations since 1 October, estim
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