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Weaker than expected US consumer sentiment data upset the apple cart Friday, giving investors an excuse to bank profits ahead of the weekend. Stockmarkets on both sides of the Atlantic have risen 15% in the past month, so no wonder investors were keen to trim their portfolios. Wall Street headed s
Read moreLondon's stockmarket overcame a technical glitch Friday afternoon only for equities to turn lower following a surprise plunge in US consumer confidence. Wall Street tumbled three figures shortly after the University of Michigan said its consumer sentiment index for August fell to 63.2 rather than t
Read moreProperties, miners and housebuilders were the sectors making the running this morning as London's blue-chip index strives to make it three days of rises in a row. Reports this morning suggested a consortium of some of the world's richest families is plotting a bid for British Land. Liberty Internat
Read moreLondon's blue chips have opened slightly higher on a relatively quiet day with bid rumours among the big property groups the main talking point. Reports this morning suggested a consortium of some of the world's richest families is plotting a bid for British Land. Hammerson and Land Securities are
Read moreLondon's blue chips are expected to open slightly higher on a relatively quiet day. Investors are likely to focus on US inflation and industrial production data due in the afternoon. Payment services group Paypoint said its trading performance since the end of March has been satisfactory. The compa
Read moreOperations management software group EG Solutions expects results for the half year to be in line with expectations, including a return to profitability. Revenues are seen at approximately £2.1m (H1 2008: £2.3m), while profits are seen at around £0.05m compared to a loss of £0.8m in the second half
Read moreOperations management software group EG Solutions said its pipeline of potential sales continues to grow despite the tough times being experienced by the financial sector. The company’s chairman, Rodney Baker-Bates, conceded that its customers’ decision times ‘remain longer than we would like’ but
Read moreOperations management software group eg solutions said it has won a further new sales contract with Nationwide Regional Brands. The group's operational management software and methodology will be rolled out to the recently acquired elements of Dunfermline Building Society. This sale is in addit
Read moreCellcast, a provider of technology that allows TV images to be viewed on mobile phones, moved into profit in 2008 after cutting costs and lifting revenues. The firm posted a pre-tax profit of £180,000 for the year, compared to a £2.15m loss the previous year. Revenue climbed to £16m from £12m. The
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