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26 May 2009 14:42

London afternoon: Defensive stocks back in favour

Hopes that Wall Street might provide a fillip to UK shares have been dashed as US markets open in a similarly dull fashion to London. Mining stocks and financials are the worst performers while defensive sectors such as tobaccos and supermarkets have returned to favour. Mining giant Rio Tinto is lo

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26 May 2009 12:07

London midday: Equities drift lower

It was a dull morning session for London's leading shares, with the market following Asian markets lower after the news broke concerning North Korea's nuclear bomb test. Mining stocks and financials are the worst performers. Mining giant Rio Tinto is lower after it agreed a 33% cut in contract fin

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26 May 2009 08:41

eServGlobal warns of EBITDA loss

Mobile phone billing software group eServGlobal has warned it will report an EBITDA loss of A$3m after restructuring costs and a 13% cut in headcount since the start of 2009. Earnings before interest, tax, depreciation and amortization (EBITDA) for the full year ending 30 June 2009 will be A$3m, bu

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