London afternoon: Footsie bursts through 4800
21st Aug 2009 14:15
Trading remains very thin in London but that has not stopped the Footsie from moving above the 4,800 level for the first time since October of last year. Insurance companies, with their huge investment portfolios, are naturally big beneficiaries of the continued market revival and they lead today
Read moreBroker tips: Booker, Rightmove, Stobart
21st Aug 2009 13:22
Booker hosted an investors event Thursday where it highlighted improvements in its Cash & carry offering. Singer Capital Markets, already a fan of the stock, was suitably impressed. Refits of Booker outlets are being done at a rate of around 30 a year and typically are paying back the cost of the i
Read moreBroker snap: Stobart takes the high road
21st Aug 2009 13:09
Charles Stanley is encouraging its clients to get on the Stobart bandwagon after the trucking firm's trading update on Friday morning. 'In a period of consolidation, the group continues to make significant progress. The core business continues to secure new contracts. The group has made progress i
Read moreLondon midday: London's streak continues
21st Aug 2009 12:04
The wobble by global stock markets on Monday following last Friday's dismal US consumer sentiment figures seems a long time ago now as London looks well set to advance for the fourth day in a row. Insurance companies lead the advance in the wake of yesterday's surge by fallen US insurance giant AI
Read moreLondon open: Shares start lower
21st Aug 2009 08:17
London's top stocks have opened lower on profit taking ahead of the weekend and weaker Asian markets. Last night's gains in the US and yesterday's 10½ month high in London counted for nothing in the East today where stocks have tumbled. Hong Kong stocks were unsettled by fears the China's banking
Read moreStobart first-half on track, confident outlook
21st Aug 2009 07:02
Stobart's 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. The firm also anticipates a strong performance in the second half as a result of recently announced contracts, new business wins and act
Read moreStobart switches to greener rail freight provider
14th Aug 2009 07:53
Transport and logistics company Stobart Group has switched to DB Schenker Rail (UK) as its main provider of rail freight services in the UK. The contract was previous held by Direct Rail Services (DRS). Stobart Group’s chief executive officer Andrew Tinkler said the switch to DB Schenker was not a
Read moreExperian non-exec sells
12th Aug 2009 16:13
Fabiola Arredondo, a non-executive director of Experian, has sold £350,000 worth of shares in the credit checker. Arredondo, who was appointed to the board on 1 January 2007, sold 70,000 ordinary shares at a price of 500.0179p each. Experian announced last month that a slump in the UK and Irelan
Read moreStobart bosses pocket £5m
7th Aug 2009 17:24
Two directors at Stobart walked off with a combined total of £5m today as they trimmed their stakes in the transport and logistics group. Chief executive Andrew Tinkler sold 3.65m shares at 100p a time and now about 30.5m shares, just over 12% of the company. William Stobart, chief operating offic
Read moreLondon close: Eighth day of gains
22nd Jul 2009 16:27
Footsie finished with gains for the eighth day in a row to sit just shy of 4,500 points after flitting between the red and the blue for much of the day. Mining stocks weighed down the market. BHP Billiton set the tone for the sector with its annual production report this morning. Quarterly (Apr-Jun
Read moreLondon afternoon: Treading water
22nd Jul 2009 14:18
The Footsie briefly moved into positive territory over the lunch time session before easing gently back into the red. Pharmaceuticals giant GlaxoSmithKline is marginally higher after a second quarter update in which it posted a fall in revenue in the second quarter as generic competition in the US
Read moreLondon midday: Shares pause for breath
22nd Jul 2009 12:07
Leading shares are mixed, with losses on miners and banks offset by gains on defensive favourites such as tobaccos and utilities. Mining giant BHP Billiton set the tone for the sector with its annual production report this morning. Quarterly (Apr-Jun) production increased for 12 major commodities
Read moreFTSE 250 movers: Stobart pulls away
22nd Jul 2009 10:14
Shares in Stobart speed ahead after the transport and logistics group bagged a distribution contract for Tesco's new 1.2m sq ft import centre in Middlesbrough worth about £25m a year. Shares in IG Group are higher again after the spread-betting firm said yesterday that profits for the year climbed
Read moreStobart bags £25m-a-year Tesco deal
22nd Jul 2009 08:54
Transport and logistics group Stobart has bagged a distribution contract for Tesco's new 1.2m sq ft import centre in Middlesbrough worth about £25m a year. The company's Eddie Stobart business will take non-food products from the import centre at Teesport and distribute them countrywide. The operat
Read moreStobart says trading is 'satisfactorily'
17th Jun 2009 15:13
Transport and logistics group Stobart said it is performing 'satisfactorily' despite the challenging economic environment. The group said it has made a good start to the year, successfully completing the acquisition of Carlisle Lake District Airport in order to strengthen its multimodal logistics o
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