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PRTYFri, 22nd Oct 2010 16:24
Footsie is struggling to find any sense of direction despite some big movements in individual companies' share prices. Fast growing software company Autonomy is finding the market hard to please. Despite another spell of strong organic growth in the third quarter, the shares are the worst performer
Read moreFootsie made a valiant effort to finish the morning in the blue but came up just short, thanks largely to the weakness of financial stocks. Barclays is sharply lower, after Qatar's sovereign wealth fund said it was selling half of the warrants it holds in the bank. Qatar Holding is selling 379.22
Read moreInvestors are betting against PartyGaming after the founder of the online gambling group started selling some of his stake. He will sell up to 75m shares in the firm, reports say. Investors have no appetite for shares in Greggs even after the bakery chain served up a 2.5% rise in third quarter sale
Read moreOnline gaming group PartyGaming saw revenues fall by 4% in another weak quarter for its poker division, though the addition of bingo group Cashcade limited the sales downturn. Total revenue in the three months to September reached $112.7m, against $117.7m, as poker revenue fell 31% to $45.1m from $
Read moreLondon's benchmark index finished the day with decent gains, though off earlier highs, with banks and miners proving the catalyst. Lloyds was the major riser on rumours that it is considering alternatives to the government's toxic asset protection scheme (APS), which could include the sale of Scot
Read moreLondon's blue chips have added to gains in afternoon trading ahead of what is expected to be a rosy start on Wall Street. US stocks are seen posting good gains after Intel hiked its third-quarter revenue outlook just before the open. Kazakhmys, Xstrata, Rio Tinto, Antofagasta, Randgold Resources,
Read moreMiners and financials are giving the markets a cheer before the extended weekend break. Kazakhmys, Xstrata, Rio Tinto, Antofagasta, Randgold Resources, Anglo American and Vedanta Resources are all amongst the major risers. Lloyds is amongst the risers on rumours that it is considering alternative
Read moreA strong set of first half results from Frankie & Benny's and Chiquito owner Restaurant Group prompted Altium Securities to lift its target price on the restaurant chain operator to 240p from 200p. Pre-tax profits climbed to £21.7m from £21.1m over the same period the previous year. Revenues climbe
Read moreOnline gaming giant PartyGaming saw pre-tax profits rise at the half year stage, but revenues fell by 21% and broker Collins Stewart remains unconvinced on the stock's prospects. The firm's revenues were hit by the appreciation in the US dollar, which was responsible for about half of the year-on-y
Read moreLondon's blue chips are clawing back some of yesterday's losses in early dealings, thanks to strong mining stocks. Kazakhmys, Xstrata, Rio Tinto, Antofagasta, Randgold Resources, Anglo American and Vedanta Resources are all in demand. Lloyds Banking is said to be considering alternatives to joinin
Read moreLondon's leading share index is expected to claw back yesterday's losses in early dealings. Lloyds Banking is said to be considering alternatives to joining the government's toxic asset protection scheme (APS), including a potential rights issue or the sale of Scottish Widows. The part-nationalise
Read moreOnline gaming giant PartyGaming saw pre-tax profits rise at the half year stage, but revenues fell by 21% predominantly due to the strength of the dollar against the euro and sterling. Pre-tax profit rose to £38m in the six months ended June from £30.3m last time. However, net revenue fell to $201
Read moreHot on the heels of sector peer 888 Holdings, online gaming giant PartyGaming releases interim results on Friday. Broker KBC Peel Hunt is tipping net gaming revenues will decline by around one-fifth to $200m from $254m in the first half of last year, predominantly due to the strength of the dollar
Read morePartyGaming, the online gaming and gambling group, has bought poker busines WPT Enterprises Inc. for a cash consideration of $12.3m, its first US acquisition since being forced out of the country in 2006. The group said the agreement will result in an ongoing revenue share relating to the purchased
Read moreFootsie's winning streak extended to nine days as US markets surged ahead on better than expected June home sales and forecast-busting results from a number of US household names. Trading had been quiet up until mid-afternoon, but as soon as the US markets started to pick up buyers returned in earn
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