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Price comparison website Moneysupermarket.com enjoyed a solid first quarter, returning to revenue growth, and remains confident for the full year. Internet revenue rose by 6% in the quarter to 31 March, despite a 4% fall in visitors on the year after a slow January across the entire business. Reve
15 Apr 10 07:48Investors have applauded Henderson's New Star deal, more than doubling the share price from 50½p in January 2009 to yesterday's close of 122.1p. The price has eased since January amid predictions of a forthcoming market correction and renewed worries that a double-dip recession will weaken consumer
25 Feb 10 05:54Footsie closed slightly higher, with Carnival giving London's blue chips a lift after announcing that it is going to increase the price of its cruises. Carnival was leading the FTSE 100 higher after the cruise operator said it will be lifting ticket prices following strong reservations activity for
24 Feb 10 16:55London has moved into consolidation mode in the afternoon session, ahead of a moderately firmer opening on Wall Street. HSBC remains the top performer as reports circulate that the company is preparing to sell its train leasing business for around £2bn. Sentiment towards the bank is also sweetened
24 Feb 10 14:12Banks are leading the market's advance today, more than offsetting weakness among miners. HSBC was the morning's top performer as reports circulate that the company is preparing to sell its train leasing business for around £2bn. Sentiment towards the bank is also sweetened by reports that the boar
24 Feb 10 12:04Shares in Melrose Resources gushed higher after the oil and gas explorer and producer gave an update of its daily production in 2009 that was slightly ahead of its latest guidance. Output during the year amounted to 38.6m barrels of oil a day (Mboepd), compared with guidance of 38.5Mboepd. Price co
24 Feb 10 10:13Financials are keeping Footsie moving forward this morning. Standard Life, HSBC and Aviva are all in demand despite the 100-point fall on the Dow overnight. Reckitt Benckiser is lower again on worries over the inquiry into its sales methods for Gaviscon heartburn products. Mining giant BHP Billit
24 Feb 10 08:54Price comparison website Moneysupermarket.com posted a 26% decline in full year EBITDA but added it was confident in its prospects for the full year. Trading improved significantly in February after a slow start in January. Adjusted EBITDA for the year ending 31 December 2009 fell to £36.0m from £
24 Feb 10 07:33Equities staged a rally in the afternoon session but it was not enough to push the Footsie back into the black, largely because of weak miners, which took fright at moves by the Chinese central bank to cool down the economy by increasing the reserves ratio for Chinese commercial banks. Fresnillo, L
12 Jan 10 17:17News that China has raised the reserve requirements for its banks in an attempt to choke growth in the economy has spooked global markets, including London. The prospect of China slowing down economic expansion does not sit well with miners such as Fresnillo, Lonmin, Kazakhmys, Vedanta and Xstrata,
12 Jan 10 14:47The 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
12 Jan 10 12:11Moneysupermarket.com, the price comparison website, today confirmed that its 2009 results were in line with what was expected when it last updated in November. Adjusted earnings before interest, tax, depreciation and amortization (EBITDA) are expected to be around £36m. 'The group's financial pos
12 Jan 10 07:54Away from the Xstrata situation, there is little reason to get excited about Lonmin. The group suffered as platinum prices fell last year, and even as demand for the metal has improved, the strength of the rand in South Africa, where Lonmin has its operations, has not helped. The platinum miner sa
17 Nov 09 06:39Shares in housebuilders Bellway and Barratt climb after peer Persimmon said it has started to buy sizeable parcels of land again as sales have recovered to the point where it is fully sold this year, while orders for 2010 are up 50%. Persimmon itself fails to make it into the top 10 though. Among
16 Nov 09 12:12Price comparison website Moneysupermarket.com reported its best performance of the year over the third quarter as trading levels stabilised. While revenues within the money section were down by 40% from the same period the previous year, they were up by 10% compared with the quarterly rate over the
16 Nov 09 07:40
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