London afternoon: Stocks slide as Brown sides with Obama
22nd Jan 2010 14:43
Barely more than a dozen FTSE 100 constituents are showing rises as the market looks set to slide for the third day in succession, after dipping sharply following comments from Prime Minister Gordon Brown's spokesman that appeared to lend support to President Obama's hard line stance against excessi
Read moreLondon midday: Banks and shops drag Footsie lower
22nd Jan 2010 12:15
Footsie has turned down sharply with retailers joining banks in the doldrums after some subdued sales data from December. Retail sales volumes rose by much less than expected in December, as price rises kept the UK consumer away from the shops over the Christmas period. Sales were up by 0.3% from
Read moreLondon open: Banks in early drop
22nd Jan 2010 08:11
Banking shares are dragging London's top stocks lower in early dealings on Friday, after President Obama revealed tough new measures to curb risk-taking among the big Wall Street banks. Obama proposed rules to limit bank mergers and consolidation, while also restricting involvement in hedge funds,
Read moreStobart on track to meet profit target
22nd Jan 2010 07:15
Transport and logistics group Stobart is confident that it will meet its year end pre-tax profit expectations and deliver further value from its substantial asset base. The group said road transport and warehousing operations experienced 'reasonably static' revenues compared to the prior year desp
Read moreRound-up: Capital & Regional, International Ferro, Synergy Healthcare...
12th Nov 2009 14:11
Property fund manager Capital & Regional reports valuations in the UK fund businesses, particularly in retail warehouses, are trending higher in the fourth quarter. This reflects the strength of the investment market which is likely for the balance of this year to outweigh pressure on income. C&R
Read moreCroda chief doubles his money
3rd Nov 2009 16:18
Croda International chief executive Michael Humphrey has taken up 109,300 shares via the senior executive option scheme and then sold most of them at nearly three times the price. The options were exercised at 256p a share, so the total cost was £280,000. The sale of 80,473 shares at 747.71p each
Read moreInitial share buy by Stobart non-exec
26th Oct 2009 16:33
Daniel Dayan, who was appointed a non-executive director of Stobart Group in July, has bought 40,000 shares following the release of the transport group's interim figures last week. Dayan held no shares before this purchase. Stobart reported an increase in pre-tax profits from £11m to £12.4m in th
Read moreLondon close: Tough day for Footsie
22nd Oct 2009 16:41
Blue chips rallied late in the day, but it was a tough session generally with miners and insurance companies under pressure. Telcos led the rally with Vodafone, British Telecom and satellite group Inmarsat all making gains near the close. Lloyds was also a late riser as on reports that it is close
Read moreLondon afternoon: Stocks stuck at lower levels
22nd Oct 2009 14:10
The Footsie finished the lunch-time session little changed from where it started it, despite mining stocks trimming losses sustained in the morning. Mining giant Anglo American is actually higher on the day after it announced plans to divest assets, including its zinc and tarmac operations, as it
Read moreFTSE 250 movers: Pub groups in demand
22nd Oct 2009 13:19
Pub groups are the star performers as they celebrate a victory over pressure group the Campaign For Real Ale (CAMRA) after the Office of Fair Trading found no evidence to support CAMRA's assertion that the beer tie arrangement inflates the price of a pint of beer by around 50p. Enterprise Inns and
Read moreLondon midday: Footsie off worst but still lower
22nd Oct 2009 12:12
Footsie is off its worst but is still showing hefty falls as miners and insurers lead the market lower. Platinum miner Lonmin has again unsettled the mining sector as it saw a 20% decline in production of the precious metal in the fourth quarter after having to shut down mines for safety reasons an
Read moreStobart lifts profits
22nd Oct 2009 08:36
Transport and logistics group Stobart saw pre-tax profits rise to £12.4m in the six months to August 31 from £11m over the same period the previous year as turnover climbed to £218.2m from £199.2m. 'Our half-year results demonstrate stability and performance against a background of economic recessi
Read moreStobart announces reopening of distribution site
14th Sep 2009 07:01
Nestlé's refurbished distribution centre in Bardon, Leicestershire, is to officially open today. The site will be operated by transport and logistics company Stobart Group. The site will handle up to three qyarters of Nestlé's UK deliveries. The new increased-capacity centre is generating extra 62
Read moreFTSE 250 movers: Stobart still on the move
24th Aug 2009 11:53
Stobart is adding to gains the transport and logistics group posted on Friday when it said trading in the first six months of the year is in line with expectations and the transport and logistics company said it is confident for the full year. Redrow climbs higher after fellow housebuilder Bovis re
Read moreLondon close: Fed optimism bolsters Footsie gains
21st Aug 2009 16:31
Footsie finished with strong gains going into the weekend after US Federal Reserve chairman Ben Bernanke said prospects for a return to global growth look good. 'After contracting sharply over the past year, economic activity appears to be levelling out, both in the United States and abroad, and th
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