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After racing to the front of the pack with its autumn flotation, Betfair was all but pulled up lame yesterday. The betting exchange's shares took a hammering as its first set of a results as a quoted company missed City forecasts. Broker concern about the decline in horse-racing revenues in the sec
15 Dec 10 06:46A dull start for Footsie was predicted and that's how it has turned out with the weak ending on Wall Street keeping buyers quiet. The Dow Jones had been trading near two-year highs when London closed, but ended with a lead of just 18 points. In UK company news, Go-Ahead, the company that operates
14 Dec 10 08:50Not much change is anticipated in early deals as a lack of blue chip news and a mixed finish on Wall Street keep things light at the start of play. The Dow Jones had been trading near two-year highs when London closed, but ended with a lead of just 18 points. In UK company news, Go-Ahead, the com
14 Dec 10 07:38Go-Ahead, the company that operates the snow-affected Southeastern rail franchise, thinks it will make more money than expected in the first half, thanks mainly to its trains business. The Newcastle based firm, which also operates the Southern and London Midland rail franchises through its majority
14 Dec 10 07:01Go-Ahead said in October that expectations for the full-year are unchanged as rail and bus operations continue performing well. However, that was before the recent snow disruption, which has seen passengers on Southeastern, the Go-Ahead-owned company that operates between London and Kent, stuck on
13 Dec 10 16:39Train fares will rise by an average of 6.2% from next year as cuts to government spending require passengers to pay more. According to the Association of Train Operating Companies (ATOC), the average price for a single journey will rise to £5.19 in January 2011, from £4.89 currently. Chief executi
23 Nov 10 12:14Footsie was nursing significant losses as trading closed after relief over the Irish bail-out gave way to concerns that the problems will now spread to other eurozone countries. Royal Bank of Scotland, which has strong exposure to Ireland on both sides of the border through its subsidiary Ulster B
22 Nov 10 16:51Footsie has turned lower as the relief over the EU bail-out of Ireland fades. Miners got a boost on hopes the bail-out will stabilise the global economy but are now mixed. Xstrata is slightly higher but BHP Billiton and Rio Tinto are among the fallers. It's a slow start to the week on the compa
22 Nov 10 12:06Investors pocketed gains after an impressive autumn rally, though the decision was made easier by some disappointing corporate news, weak miners and negative broker comment on the insurance sector. The top 100 index fell back sharply from six-month highs, dropping below 5,680 at one point although
26 Oct 10 16:24With Wall Street tipped to open lower London's leading shares fell back further over the lunch time period, resulting in the Footsie subsiding below 5700. Cairn Energy tops the list of fallers after it failed to find a commercial discovery at either the T8-1 or T4-1 wells offshore Greenland. The c
26 Oct 10 14:27Fidessa, the provider of multi-asset trading systems, took a battering in the morning session after a cautious trading statement. "The statement is a repeat of the interims, highlighting ongoing issues amongst smaller clients," observed KBC Peel Hunt analyst Alex Jarvis. "We are yet to get a handle
26 Oct 10 12:43Better than expected UK third quarter growth has cut little ice with investors this morning, who are firmly focused on weak miners, negative corporate news and broker downgrades. Britain's economy grew twice as fast as expected in the three months to September, according to preliminary estimates by
26 Oct 10 12:08Footsie has run into light selling as the earnings season hits a brief lull before the heavyweights start to appear at the end of the week. The boom in mobile devices using ARM Holdings' intellectual property was largely responsible for a sharp rise in the chip designer's third quarter profits. Rev
26 Oct 10 08:43Bus and train group Go-Ahead's chief executive Keith Ludeman is to retire after 15 years with the company to be replaced by David Brown, currently TFL's Managing Director, Surface Transport. The group added that trading in the period to end October has been robust and it has not changed its expecta
26 Oct 10 07:11Shares in chip designer ARM Holdings are up more than 150% over the last year but have eased by 6% over the last month as slightly implausible takeover rumours - Apple and Intel both have strategic stakes in the company - have quietened down. Given that the company's chip designs are included in h
25 Oct 10 18:08
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