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The market's retreat is picking up pace, as the losses suffered by miners lengthen in the wake of disappointing results from Alcoa, the US aluminium producer. Alcoa, which kicked off the fourth quarter earnings reporting season in the US, declared a slightly worse than expected loss from continuing
Read moreDebt advice firm Fairpoint reinstated its dividend payment and said trading in the second half was in line with management expectations. Revenues were some 9% ahead of the first half and 19% ahead of the corresponding period in 2008. Pre-tax profit for the year to 31 December, adjusted for brand am
Read moreFairpoint non-executive chairman Matthew Peacock has added to his interest in the debt management business formerly known as Debt Free Direct. Peacock is a partner in Hanover Investors Management and Hanover Investors Management (Cayman) has acquired 181,720 shares at 55p a share. This takes the t
Read moreContinued growth in the Chinese economy despite the global downturn helped China Shoto, which makes batteries for mobile phones, post a 41% rise in revenues in the half year to June 30. Pre-tax profits climbed to £6.4m from £4.4m over the same period the previous year as revenue rose to £96.5m from
Read moreSteven Norris, chairman of Jarvis, has backed up his claim that the rail maintenance specialist will recover from a recent difficult period by nearly doubling his stake in the firm. Norris, a former Conservative transport minister, bought 300,000 shares at 7.5p a time. The shares have taken a dow
Read moreIt looked like another flat day for the FTSE 100 heading into the second half of the year until shares took a sharp dive following some unappetizing economic date in the US. The US Conference Board's index of consumer sentiment fell to 49.3 in June, down from a revised 54.8 in May. Economists had b
Read moreLondon continues to sleepwalk to the end of the month, with prices drifting lower in light trading after Wall Street opened in negative territory. With the oil futures contract edging steadily higher, heavy fuel users such as airline British Airways and cruise operator Carnival are on the slide. I
Read moreLeading equities are treading water on the last day of the month, quarter and half-year. Wolseley is one of the best performers after chief executive Chip Hornsby stepped down with immediate effect to let Ian Meakins take the helm at the building supplies group. Hornsby, who leaves after 27 years
Read moreOverall profitability has improved "significantly" in the first six months of 2009 at debt advice firm Fairpoint ahead of the seasonally stronger second half. The financial performance was in line with expectations as improvements delivered in the second half of last year led to gains in operatio
Read moreCharles-Henri Dumon, recruitment group Michael Page's managing director for Continental Europe and The Americas, has sold £6700,000 worth of shares for personal tax and social security liabilities. The liabilities arose on earlier disposals and the vesting of his allocation under the group share pl
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