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PRTYMon, 15th Nov 2010 08:04
The blue chip index failed to stretch its winning streak to a fifth session, falling for the first time this week on negative results reaction and downbeat miners. It held above 5,500 all day despite coming close just after trade began and towards the end of play. Engineering and project managemen
Read moreIt's been an up and down day for the blue-chip index although the Footsie has rarely strayed far from its overnight level. As expected, the Bank of England has held interest rates at 0.5% and taken no further action on quantitative easing (QE) amid conflicting signals over the state of the UK econo
Read moreOnline gaming group PartyGaming fell into losses in the year to December 31 after paying costs for a non-prosecution agreement with the US authorities. The firm posted a net loss $26.5m in the year to December 31 having posted a profit of $66.1m the previous year. Its non-prosecution agreement res
Read moreMining stocks headed south over the lunch time session, taking the blue-chip index with them. Antofagasta is the worst performer in the mining sector. The copper miner produced 442,500 tonnes of the red metal in 2009, ahead of its original forecast of 433,000 tonnes but lower than the 477,700 tonne
Read moreInvestors in PartyGaming, which owns the PartyPoker.com online gambling site, are celebrating after it said fourth quarter sales surged 32% from the year before and it remains confident about the full year outlook. Sales of carpets bounced back strongly in the run-up to Christmas at Carpetright, he
Read moreFootsie ended the morning at an intra-day high, driven by a strong performance from financial stocks and miners. Standard Life is the top riser after it announced a 'significant increase' in flows and sales in the fourth quarter. Life and pensions net inflows more than tripled to £1.3bn from £0.4bn
Read moreHopes of a strong start have been dashed with Footsie limping along at present even though Wall Street posted its second triple-digit gain in two gains overnight. Data search software Autonomy reported fourth quarter and full year figures that were in line with expectations and gave a confident out
Read morePartyGaming, which owns the PartyPoker.com online gambling site, said fourth quarter sales surged 32% from the year before and it remains confident about the full year outlook. The surge in sales was underpinned by its acquisitions Cashcade and World Poker Tour in 2009. Stripping out acquisitions
Read moreLeading shares cut back their losses over the lunch time session but resource stocks remain under the cosh on fears that the Chinese authorities will step up its campaign to cool down its overheating economy and lift interest rates. Fresnillo, Xstrata and Kazakhmys lead the mining sector lower, wh
Read moreThe leading share index gave up early gains to finish only slightly higher as euphoria over strong trade figures from China in December gave way to renewed fears over recovery prospects. China's December imports jumped by 55.9% from the same month the previous year, while exports were 17.7% higher
Read moreLeading shares, which had been surrendering early gains at the end of the morning, picked up again over the lunch time session, helped by expectations of a firm start by Wall Street. In the absence of much in the way of corporate events to attract attention, traders have been focused on broker note
Read moreFootsie has lost some sheen as miners and property groups have given back some of their early gains. Brokers have been busy with a Citigroup review of the oil sector boosting Cairn Energy. The broker says that fast-tracking the multiwell exploration drilling programme in Greenland has made the grou
Read moreLondon's top stocks have opened strongly with good gains for resource stocks sending the index sharply higher. Cairn Energy leads the oil sector, while demand is strong for Rio Tinto, Kazakhmys and Fresnillo among the miners. Silver miner Fresnillo has also dropped out of the race for Canadian mini
Read moreLondon's top stocks look set to open with good gains with traders expecting Footsie to add 24 points in early dealings. Cash strapped plumbers merchant Wolseley is to raise just under £24m from the sale of its Irish businesses. WIBHM, a company backed by private investor, is paying €26.5m for Wols
Read moreOnline gaming group PartyGaming has tied up an an exclusive, five-year agreement with state-controlled Danske Spil to provide an online gaming platform for poker and casino games in Denmark. "This is a landmark B2B deal for PartyGaming and validates our strategy to become a leading provider of B2B
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