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13 Oct 2009 14:26

London afternoon: Retailers sag after sales data

Leading shares remain mixed, with the Footsie easing back into the red over the lunchtime session. Retailers are out of sorts despite some moderately optimistic news from the British Retail Consortium (BRC) concerning retail sales. The BRC said annual retail sales growth in September accelerated to

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13 Oct 2009 12:14

London midday: Looking for direction

The Footsie has crawled into positive territory, helped by miners recovering from their weak opening. Kazakhmys is the pick of the sector after revealing it is in talks with the China Development Bank and JSC Sovereign Wealth Fund Samruk-Kazyna regarding a potential corporate loan facility of aroun

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13 Oct 2009 08:08

JJB Sports finally launches £100m rights issue

JJB Sports issued the prospectus for its delayed £100m rights issue this morning, adding it represents a new beginning for the embattled sportswear group. The prospectus was approved by the UK Listing Authority last night after the company confirmed the details, which will involve issuing 400m shar

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13 Oct 2009 06:17

Tuesday newspaper round-up: ITV, Lloyds Banking, Dyson

The multi-billion-pound self-certification mortgage industry, in which customers are not required to provide proof of income, is set to be banned by the financial regulator. The Financial Services Authority (FSA) is effectively planning to kill off self-cert home loans by introducing a rule compell

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12 Oct 2009 16:48

London close: Best finish in 12½ months

UK share prices finished at their best levels in over a year Monday and, despite a few sellers appearing late on, the FTSE 100 ended the session above 5,200. Insurers Old Mutual, Standard Life and Legal & General were in demand all day. Rising stock markets are always good news for their investment

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12 Oct 2009 14:23

London afternoon: Banks' balance sheet issues resurface

The Footsie crashed through the 5200 barrier this morning to rise to a one-year high and although prices came off the top over the lunch-time session, the vast majority of blue-chips are still in the blue. The upward trend in global equity markets is good news for the insurers and their investment

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12 Oct 2009 12:07

London midday: Footsie at year-high

London's blue chips hit their best level since September last year as buyers charged in again following the strong performance on Wall Street last week. There are strong risers in most sectors with the notable exception of banks where Barclays and Lloyds Banking are both lower. Banking giant Barcl

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12 Oct 2009 08:50

London open: London makes healthy start

London has made a bright start helped by the strong finish to last week on Wall Street. Index heavyweight Vodafone is ahead along with Unilever, Shire and Segro as buyers dominate. Only Invensys and Randgold Resources are significantly in the red. Banking giant Barclays is lower despite reports it

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12 Oct 2009 07:40

London pre-open: Firm start on the cards

London is expected to get the week off to a bright start, with traders predicting the FTSE 100 will open around 22 points higher, but early attention is likely to be dominated by board room turmoil in two second-liners. The long running soap opera revolving around the chairman role at TV broadcaste

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12 Oct 2009 07:10

JJB cash call to go ahead

Troubled sportswear group JJB Sports has confirmed its plans for a rights issue to raise £100m are now back on track after it suspended the cash call on Friday after rumours surrounding executive chairman Sir David Jones. JJB said it became aware of rumours on Friday morning, which were in relatio

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12 Oct 2009 06:24

Monday newspaper round-up: Barclays, JJB Sports, National Express

Barclays is planning to spin off a £4bn portfolio of complex credit assets as the bank presses ahead with a process to clean up its balance sheet and ease shareholder concerns over its investments. The bank is looking at a deal to shift up to £4bn of the assets off its balance sheet in an echo of a

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11 Oct 2009 11:16

Sunday newspaper round-up: JJB Sports, Lloyds Banking, Punch Taverns

JJB, the sportswear giant, claimed last night that it was the target of an elaborate hoax designed to sabotage a £100m fundraising plan and wreck the reputation of its chairman. The allegations were so serious that the retailer was forced on Friday to postpone the rights issue because it believed "

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9 Oct 2009 16:31

London close: Flat finish for sluggish Footsie

Footsie ended the week without any real sense of direction, holding onto gains posted earlier in the week. Vedanta Resources was the weakest stock in a soft mining sector after Goldman Sachs said Vedanta's aluminium, zinc and iron ore facilities were lower than Goldman had expected. Lower industri

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9 Oct 2009 14:37

FTSE 250 movers: SThree climbs after peer updates

Recruiter SThree is one today's best performing mid-cap stocks at the end of a busy week for the sector. Robert Walters today said it saw net fee income slump by 29% in the third quarter but reports some improvements, especially in banking and in Asia, though visibility overall remains limited. Si

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9 Oct 2009 14:29

London afternoon: Vedanta leads miners lower

Mining stocks remain a proverbial albatross round the market's neck, dragging the Footsie below last night's closing level despite some interest in consumer stocks. Vedanta Resources is the weakest stock in a soft mining sector after Goldman Sachs said Vedanta's aluminium, zinc and iron ore facilit

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