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Footsie marked time over the lunch time session after hitting levels in the morning session not seen since June 2008. Banks continue to lead the way after an upbeat trading update from Lloyds Banking Group. Lloyds will be profitable on a combined businesses basis in 2010, chief executive Eric Danie
Read moreRisers outnumber fallers by around four to one among FTSE 100 constituents as the market continues to enjoy a sentiment boost from an impromptu and upbeat trading update from Lloyds Banking Group. Lloyds will be profitable on a combined businesses basis in 2010, chief executive Eric Daniels claimed
Read moreElectrical engineering and contracting company T Clarke is looking to the future with "cautious optimism" and believes the group is in "good shape" despite watching profits halve during 2009. Profit before tax slumped to £6.8m from £13.4m in 2008 and was down 52% on an underlying basis, reflecting
Read moreWell received company updates are helping the construction and materials sector build gains. Infrastructure group Balfour Beatty has won £270m-worth of work, including improvements to Waverley railway station in Edinburgh and four highways contracts in England in Wales. Electrical engineering and
Read moreElectrical engineering and contracting company T Clarke expects results for the year ended 31 December to be slightly ahead of market expectations. The group said it enters 2010 a leaner business as a result of significant cost base reductions. Cash balances stood in excess of £20m at the end of t
Read moreStudent accommodation developer Unite Group says that like-for-like rental growth is 9.7% for the 2009-10 academic year. Reservations of 96.5% have been achieved even though 2,800 beds were added for the latest academic year. Unite is negotiating to acquire sites in London that will provide up to
Read moreFootsie 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
Read moreTrading 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 moreThe 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'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 moreElectrical engineering and contracting company T Clarke reported a drop in first-half pre-tax profits after taking a £1.4m charge in relation to its restructuring programme. The group, which warned last month that it does not expect to meet current market expectations for the year after it initiate
Read moreElectrical engineering and contracting company T Clarke, which will report interim figures on Friday, warned last month that it does not expect to meet current market expectations for the year after it initiated a strategic review of the group. Given the difficult state of the markets in which it
Read moreT Clarke, the electrical engineering and contracting company, does not expect to meet current market expectations for the year after it initiated a strategic review of the group. Given the difficult state of the markets in which it operates, the Group is undertaking a restructuring programme, which
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