Stocks
FTSE 100 join fresh global market sell-off
(TELEGRAPH) - The leading index of UK shares fell 1.6pc - or 82 points - to 5105 in early trading as investors digested news that production in China’s factories was cut back in May due to falling orders at home and abroad and a warning that eurozone banks may have to write down a further [...]
FTSE 250 movers: Poor sales give Premier indigestion
(SHARECAST) - Shares in Premier Foods have taken a big hit after the company behind Hovis bread, Branston pickle and Sharwood’s sauces, reported a 5.1% drop in first quarter sales and said it remains cautious about the consumer and trading environment for 2010.
Also in the red is homewares retailer Dunelm, which has [...]
Market Report: RBS joins in as FTSE 100 mounts relief rally
(THE INDEPENDENT) - The bulls piled back into the Royal Bank of Scotland as the blue chips switched course last night, heaving a sigh of relief as Greece asked for aid.
The taxpayer’s profits widened as RBS was marked up by 1.95p to 55.8p after Barclays Capital advised clients to back it [...]
FTSE rebounds 0.6 percent led by banks, miners
(Reuters) - Britain’s top shares added 0.6 percent in early deals on Monday, recovering a chunk of the sharp falls seen in the previous two sessions as banks rallied, and miners and oils rebounded with commodity prices.
By 0801 GMT, the FTSE 100 index .FTSE was up 31.66 points at 5,759.57 having ended down 16.05 points, [...]
London’s FTSE 100 hits fresh 21-month high
(FT) - Petrofac led the way higher on Thursday as thin holiday volumes squeezed the FTSE 100 to a new 21-month high.
Shares in the oil services company rose to a record ahead of its spin-out of North Sea explorer EnQuest, which is due to start trading on Tuesday.
Evolution Securities turned positive on [...]
FTSE fades while sterling slips on poll worries
(GUARDIAN) - Miners and banks continue to weigh on the markets, while sterling is under renewed pressure on renewed talk of a hung parliament after the forthcoming election.
A host of economic worries - including suggestions of a Chinese rate hike, uncertainty ahead of an EU meeting about Greece’s problems and Moody’s [...]
Banks continue to lift FTSE 100 as traders await US retail sales
(GUARDIAN) - Investors attention will turn to the US retail sales this afternoon to see whether the market’s early rise can be maintained.
At the moment the FTSE 100 is up 13.31 points at 5630. 57, with banks leading the way after the US financial sector saw a late rally on Wall Street [...]
Aga profits reduced by 97%
(GUARDIAN) - Aga Rangemaster has seen its annual profits almost wiped out after a sharp drop in demand for its traditional cast iron stoves at the height of the recession.
Profits plummeted to £500,000 from £14.4m the previous year, while revenues fell to £245m from £279m. Stripping out one-off costs, earnings before [...]
Prospect of tightening fails to put off FTSE
(FT) - So much for the idea that the start of fiscal and monetary tightening would trigger a stock market correction. Since equity markets wobbled a month ago as China moved to rein in lending and the Bank of England put quantitative easing on hold they have been headed in just one [...]
FTSE dips as oil stocks fall back
(FT.com) - London’s FTSE 100 index was left flat after Standard Chartered met expectations with its full-year results, but resource stocks fell back after three sessions of gains.
Standard Chartered, the banking group with a strong focus in Asia, reported a forecast-matching 13 per cent jump in 2009 pre-tax profit to [...]
