Latest News

Tesco employees bag £105m bonus pot

News - Wednesday, June 02, 2010

Following an annual profit rise of £3.4bn, Tesco (LON:TSCO) will reward more than 216,000 members of retail staff with a share of a £105m bonus pot.

FTSE declines as BP faces criminal probe and Japanese PM resigns

News - Wednesday, June 02, 2010

The FTSE 100 looks set to mount further losses today after investor concerns over the global economic situation worsened following announcements that Japanese Prime Minister Yukio Hatoyama is set to resign and under-fire oil giant BP (LON:BP) faces criminal as well as civil investigations from the US Government.

Prudential shares buck falling FTSE in light of AIG deal fragility

News - Tuesday, June 01, 2010

International retail financial services giants Prudential (LON:PRU) has bucked a drastically declining FTSE 100 index in this morning’s trading with a share price increase of over three per cent.

FTSE falls on BP spill failures, Euro bank fears and China slowdown

News - Tuesday, June 01, 2010

The UK’s top index suffered large early losses following three days of consecutive growth last week as traders got their first chance to react to recent news for the first time in three days following the bank holiday weekend. The announced failure of BP’s (LON:BP) Top Kill operation to block the oil spill in the Gulf of Mexico has hammered the group’s shares and warnings of more impeding European bank write-offs and a reported slowdown in manufacturing in China have rekindled economic recovery fears.

BSS jumps 37 per cent on Travis Perkins buyout confirmation

News - Friday, May 28, 2010

Plumbing and Heating specialists BSS Group (LON:BTSM) has leaped to the peak of the FTSE 250 index this morning after Travis Perkins (LON:TPK) confirmed it was in advanced talks to buy the group for a fee of £553m.

Travel stocks head third consecutive opening gain for FTSE

News - Friday, May 28, 2010

The FTSE 100 opened with gains for the third consecutive day this morning as eurozone reports slowed and moved from the forefront of investor thinking as many focussed on bagging a bargain following the month’s high sell rate. Topping the gainers in morning trading was travel stock with TUI Travel (LON:TT) and Thomas Cook (LON:TCG) gaining in excess of three per cent.

Insurance sector buoyed by Prudential and Aviva increases

News - Thursday, May 27, 2010

Insurers are amongst the top performing stocks on the blue-chip index this morning with Prudential (LON:PRU) and Aviva (LON:AV) towing the sector up the FTSE 100 in early trading.

FTSE continues rebound rally as Eurozone and Korea fears subside

News - Thursday, May 27, 2010

The FTSE 100 has continued to rally in early trading after a strong two per cent gain yesterday with the UK’s top index fighting to claw back the 2.5 per cent plummet on Tuesday which plunged the index below the 5,000 points mark for the first time in seven months. Miners are the most popular and influential stock as the concerns that caused Tuesday’s fall shrink for the time being.

BT workers prepare strike over pay as CEO nets £1m bonus

News - Wednesday, May 26, 2010

Telecoms giant BT (LON:BT.A) faces the threat of strike action today as the group is expected to confirm a bonus payment of over £1m to the CEO but only offer an under-inflation pay rise of two per cent to staff. The Communication Workers Union (CWU) is expected to announce plans to ballot the 55,000 members of staff it represents over a strike.

FTSE rebounds as miners and banks go cheap

News - Wednesday, May 26, 2010

The FTSE 100 has continued recent fluctuations today as the index’s eight month low yesterday has left bank and mining stock looking extremely cheap.

BP continues decline as oil reaches beaches and US mulls oil tax

News - Tuesday, May 25, 2010

Shares in BP (LON:BP) have slid drastically since the oil giants announced the oil leak caused by an explosion on an offshore drilling rig on April 20 which is set to become the US’s biggest oil disaster in history. And just as fast as oil has been gushing into the waters of the Gulf of Mexico, the shares have slipped to a 10-month low shedding nearly 26 per cent off the share price of the day the explosion took place.

FTSE plummets on Korea tension and Spanish bank bailout

News - Tuesday, May 25, 2010

The FTSE 100 hit a new low for 2010 this morning as early trading put the UK’s top index substantially below 5,000, sliding as much as three per cent as markets across the world fell on new fears of war between North and South Korea and the reports that the Spanish Government has had to bailout a local bank.

Further furnace problems hit Lonmin shares

News - Monday, May 24, 2010

Platinum mining group, Lonmin (LON:LMI), has suffered a further setback with its main furnace after attempting to reopen the smelter which had sprung a leak back in March. The resulting costs inflicted by the loss of the firm’s number one furnace have sent the share price in the group into the red, down as much as 30p this morning.

FTSE opens the week up on firmer commodity prices

News - Monday, May 24, 2010

The FTSE 100 opened with gains of over 40 points before 09:00BST with solid commodity prices helping the mining and energy sector. But with euro zone debt crisis fears - which crippled the UK’s top index last week to a new six month low - still looming, analysts are predicting limited gains for the UK market this week.

Vodafone shares fall on acquisition costs of Indian 3G and broadband

News - Friday, May 21, 2010

Vodafone (LON:VOD) shares have dropped after midday as investors fear the group will have to pay over the odds for broadband access in India after it pumped £1.74bn into securing nine circles of 3G spectrum in the country earlier this week as the rights were auctioned off.

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