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London has made a slow start with concerns over the Middle East and North Africa adding to some mixed trading updates. Light crude rose to a 30-month high above $106 on Monday as civil war rages in Libya while reports that the unrest may have reached Saudi Arabia further added to the oil market's f
7 Mar 11 08:32Intertek, the testing and inspections firm, has paid £450m for Moody, a provider of quality and safety services to the global energy industry. The purchase of Haywards Heath-based Moody on a cash-free and debt-free basis will create "significant" benefits and opportunities, including pre-tax cost s
7 Mar 11 07:29After European Central Bank (ECB) president Jean-Claude Trichet dropped heavy hints this week that the ECB is seriously contemplating a rise in interest rates for the eurozone, attention switches to the next week's meeting of the rate-setting committee, where the hawks slowly seem to be gaining a fo
4 Mar 11 12:22Testing and inspections firm Intertek has brought in heavyweights Alan Brown, boss of pest controller Rentokil, and Michael Wareing, once the UK Prime Minister's Economic Envoy to Iraq, as non-executive directors. Brown, who spent 25 years at Unilever, has led Rentokil since April 2008, while Warei
14 Feb 11 07:41Strong financial and mining stocks helped to drive the top share index higher Wednesday, while M&A activity and company updates had some FTSE 250 constituents soaring. HSBC went well, helped by a "buy" recommendation from Barclays Capital, but fellow banks Standard Chartered and Barclays were also
12 Jan 11 16:43Footsie is continuing to keep its head above water, not to mention 6,000, but it is largely thanks to the strength of miners and financial stocks, with the latter in demand after Portugal's bond auction proved relatively successful. HSBC is the best performing financial, helped by a "buy" recommend
12 Jan 11 14:35Miners continue to keep the FTSE 100 in the blue, adding to yesterday's gains, while three stocks in the FTSE 250 are posting triple-digit gains. Supermarket giant J Sainsbury had its best Christmas ever, with better than expected sales, a growing market share and a record number of customers desp
12 Jan 11 12:07London has pushed on again in early dealings with miners leading the way and a mixed morning so far for retailers. Supermarket giant J Sainsbury had its best Christmas ever, with better than expected sales, a growing market share and a record number of customers despite the snow. Like for like sa
12 Jan 11 08:50After yesterday's solid showing London looks to be in consolidation mode with City traders predicting the Footsie will open little changed from last night's close. Supermarket giant Sainsbury had its best Christmas ever, with better than expected sales, a growing market share and a record number of
12 Jan 11 07:35Quality and safety services provider Intertek has snapped up American Analytical Chemistry Laboratories (AAC Labs), a business that provides laboratory-based food testing in the United States. Intertek has paid $6.9m for the US company in a move that will expand its network of food services and add
12 Jan 11 07:25Footsie put its early uncertainty behind it to close with good gains, helped by strong jobs figures from the US which cheered global markets following the jitteriness of the last couple of days. First-time jobless claims fell by a bigger than expected 34,000 to 407,000 in the week ended 20 November
24 Nov 10 16:44Barely a dozen or so FTSE 100 constituents are in the red today as the blue-chip index sets about clawing back some of the losses of the last two days, despite continued concerns about the Irish debt crisis and the military tensions in Korea. Better than expected jobs data from the US put investors
24 Nov 10 14:36Blue chips had a good day buoyed by the response to General Motor's record breaking US float and hopes for a deal in Ireland. Patrick Honohan, the head of Ireland's central bank, confirmed a loan is likely, with brokers suggesting it could be as much as €85bn, including €20bn to provide support for
18 Nov 10 16:36A positive start by Wall Street has given renewed impetus to Footsie's rise this afternoon. As in Europe, stocks are rising in the US on the hope that a package to take the steam out of the Irish debt crisis is imminent. Patrick Honohan, the head of Ireland's central bank, has confirmed a loan is
18 Nov 10 15:28British Airways has perked up after the Court of Appeal said that hundreds of air cargo customers could not come together to sue the airline. They wanted to join together in order to pursue a class action law suit relating to BA's involvement in a price-fixing cartel. Last week, BA was fined €104m
18 Nov 10 13:09
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