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The top share index inched higher for a second day running on another quiet company news day. UK insurance buyout firm Resolution was wanted after it announced details of a share repurchase programme of up to £250m which is due to start tomorrow. The move is part of its target return of excess cas
Read moreThe FTSE 100 remains in positive territory with the recent calm over the European debt situation continuing. In remarks following a speech in Montreal yesterday the president of the European Central Bank, Jean-ClaudeTrichet, gave a nod of approval to a 'roll-over' of Greek debt In stocks news, UK
Read moreShares in Findel, the home shopping group behind the cleaning products brand Kleeneze and supplier of education supplies, moved ahead after it said a resilient performance left it well-placed for the future, despite a fall in profits. In the year to 1 April, pre-tax profits slipped to £7m from £11.
Read moreIt's another quiet day on the company news front, but there are still some interesting price movements on the back of company updates. After a weak start, the top share index is adding to yesterday's slight gains. In the FTSE 100, UK insurance buyout firm Resolution is wanted after it announced det
Read moreHome shopping group Findel is raising £80m via a rights issue as part of a restructuring of its balance sheet. A five-for-two rights issue at 6.54p a share will raise £75m net. There will also be a placing at 8.53p a share raising £495,000 in order to enable directors to buy shares. Chief executiv
Read moreMerchandise supplier Findel has cut its profit expectations this year by £7m. Delayed education projects- from a major international customer and a number of lesser contracts - will account for £3m of the shortfall. These contracts, if won, "will most likely fall into the next financial year." In
Read moreNext is giving the retail sector a lift after results. The fashion retailer did pretty much as expected in the six months to July given that its last update was only a month ago, but the market is impressed nonetheless. Fellow fashion chain Marks & Spencer is up in sympathy. Kingfisher, the company
Read morePhilip Maudsley's tenure as Findel's chief executive has been brought to an end after less than ten months, replaced at the struggling home shopping group by the old boss of professional training and education firm BPP, Roger Siddle. Findel handed the top prize to 20-year veteran Maudsley last Nove
Read moreThere was plenty of movement in both directions Tuesday, but Footsie closed just a few points lower. Government spending cuts and their effect on the profits on the big players in the public sector is the day's big story after Cable & Wireless Worldwide warned that the coalition government's emerge
Read moreDow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps CRANWSICK PLC (CWK.LN) shareholders should oppose the re-election of executive chairman Martin Davey as well as the remuneration report, investor advisor
Read more(Adds detail, share price, analyst comment.) By Hannah Benjamin Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. home shopping and educational supplies company Findel PLC (FDL.LN) Tuesday said it has begun a "full potential review" of its business, as it posted a widened full-year loss la
Read moreFootsie lost more ground over the lunch time session with barely a fifth of the blue-chip index's constituents remaining in the red, and many of those are miners. Government spending cuts and their effect on the profits on the big players in the public sector is the day's big story after Cable & Wi
Read moreDow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps FINDEL PLC (FDL.LN), a home shopping firm and supplier of education products, Tuesday said it launched a wide-ranging review of all its units after accou
Read moreSovereign debt worries are haunting investors again after Hungary cut back its treasury bill offering by 10bn forints to 35bn. European stock markets took a step back on the news while expectations of a weak opening on Wall Street has also sparked some selling. Cable & Wireless Worldwide is the bi
Read moreAnnual losses at home shopping group Findel widened by a third as it scraps its final dividend and warned current trading remains challenging. Loss before tax swelled to £76.1m in the year ended 2 April 2010 compared to a loss of £57.4m the year before. Sales fell to £547m from £572.1m after a poor
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