Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksVEC.L Share News (VEC)

  • There is currently no data for VEC

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

London open: Footsie fights back

Tue, 18th Aug 2009 08:11

London's top stocks are winning back some of the heavy losses it posted yesterday, with miners among the main risers.Xstrata is the best blue chip performer in early dealings, closely followed by Rio Tinto, Randgold Resources and Kazakhmys.Cash strapped miner Rio Tinto has received a $2.025bn offer for the majority of its Alcan Packaging business. The binding offer has been received from Amcor and covers the Alcan Packaging global pharmaceuticals, global tobacco, food Europe and food Asia divisions. British Land saw the value of its property portfolio fall to £8.18bn in the first quarter but said the pace of decline has slowed markedly. A joint venture including support services firm Carillion has won a 'Building Schools for the Future' contract for Durham. Car dealer Pendragon reported sharply lower profits in the six months to June 30 as recession-hit motorists held onto their old cars rather than splashing out on new ones. Respiratory inhaler firm Vectura remains "very confident" about prospects with important drug trials due to start later this year and plenty of cash in the bank.Online video services provider Amino Technologies posted an operating loss compared with a profit the same time a year before as challenging economic conditions continued hit the group. Nightclub owner Luminar can breathe a little easier on news that 95.5% of the shares available through an open offer have been taken up and buyers have been found for the remainder.Chip designer Arc International is recommending a £25.2m cash bid from US semiconductor intellectual property firm Virage Logic.The slump in construction activity hit property repair and maintenance company Rok hard in the first half of 2009, but the company is confident of meeting full year expectations, provided market conditions do not deteriorate further.Australian alternative energy developer Ceramic Fuel Cells revealed widening annual losses after it booked significant impairment charges related to losses on financial investments.In other news, government owned lender Northern Rock is to defer interest payments on some of its subordinated debt.FTSE 100 - RisersXstrata (XTA) 764.00p +2.96%Rio Tinto (RIO) 2,310.00p +2.87%Randgold Resources (RRS) 3,510.00p +2.78%HSBC Holdings (HSBA) 655.70p +2.77%Kazakhmys (KAZ) 887.00p +2.72%Liberty International (LII) 484.10p +2.48%Legal & General Group (LGEN) 68.85p +2.46%FTSE 100 - FallersSchroders NV (SDRC) 804.50p -1.95%Thomas Cook Group (TCG) 207.40p -1.19%Schroders (SDR) 965.50p -0.97%GlaxoSmithKline (GSK) 1,157.00p -0.90%Petrofac Ltd (PFC) 876.00p -0.68%WPP Group (WPP) 467.10p -0.60%Standard Life (SL.) 183.50p -0.49%
More News
10 Aug 2021 09:16

Philip Morris switches Vectura scheme of arrangement to takeover offer

(Sharecast News) - Philip Morris has switched its bid for London-listed inhaler maker Vectura to a takeover offer from a scheme of arrangement, which means the US tobacco giant will now require a lower level of shareholder approval.

Read more
10 Aug 2021 07:48

LONDON MARKET PRE-OPEN: Jackpot first half for Flutter Entertainment

LONDON MARKET PRE-OPEN: Jackpot first half for Flutter Entertainment

Read more
9 Aug 2021 16:57

LONDON MARKET CLOSE: FTSE squeezes gains but traders eye virus worries

LONDON MARKET CLOSE: FTSE squeezes gains but traders eye virus worries

Read more
9 Aug 2021 12:05

LONDON MARKET MIDDAY: Stocks fall on US Fed support withdrawal fears

LONDON MARKET MIDDAY: Stocks fall on US Fed support withdrawal fears

Read more
9 Aug 2021 12:03

LIVE MARKETS-Mini-bubbles: little to worry about

* European shares little changed* Deliveroo jumps as rival takes stake* S&P 500 futures dipAug 9 - Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@th...

Read more
9 Aug 2021 10:21

LIVE MARKETS-Taking stock of Europe's record season

* European shares little changed* Deliveroo jumps as rival takes stake* S&P 500 futures dipAug 9 - Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@th...

Read more
9 Aug 2021 10:18

TOP NEWS: Auction set as Philip Morris and Carlyle battle for Vectura

TOP NEWS: Auction set as Philip Morris and Carlyle battle for Vectura

Read more
9 Aug 2021 10:15

UPDATE 2-Philip Morris, Carlyle could fight it out for UK's Vectura in auction ring

* Deadline for final bids is 5 p.m. BST/1600 GMT Aug. 10* Auctions to begin Aug. 11, Wednesday* Vectura withdraws support for Carlyle's increased offer* Philip Morris on Sunday offered 165 pence per share for Vectura (Adds details, background)By P...

Read more
9 Aug 2021 09:55

UPDATE 2-FTSE 100 closes higher but held back by energy sector losses

* Deliveroo surges after German peer buys stake* Hargreaves Lansdown slumps on profit miss* Weak gold and metal prices drag miners* Miners reverse early losses (Updates to market close)By Shashank Nayar and Ambar WarrickAug 9 (Reuters) - Steep losse...

Read more
9 Aug 2021 09:42

UPDATE 2-Defensive, technology stocks power European markets to record close

* Healthcare, utilities, tech top sectoral gainers* Deliveroo jumps on Delivery Hero stake buy* HeidelbergCement slides on Barclays downgrade (Adds comments, updates prices throughout)By Shreyashi SanyalAug 9 (Reuters) - European stocks reached a re...

Read more
9 Aug 2021 08:56

LIVE MARKETS-Mixed feelings in Europe

Aug 9 - Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.comMIXED FEELINGS IN EUROPE (0754 GMT)A fall in oil and gold prices is pushing...

Read more
9 Aug 2021 08:49

LONDON MARKET OPEN: Hargreaves Lansdown falls on higher costs warning

LONDON MARKET OPEN: Hargreaves Lansdown falls on higher costs warning

Read more
9 Aug 2021 08:44

Battle for Vectura could go to auction as Philip Morris lifts bid

(Sharecast News) - Vecura has withdrawn its intention to recommend the sweetened offer made by Carlyle at the end of last week after an increased offer from Philip Morris, as the UK Takeover Panel said the process would be put to auction if both suitors don't make final bids by Tuesday.

Read more
9 Aug 2021 08:33

LIVE MARKETS-Pestilence and wildfires

Aug 9 - Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.comPESTILENCE AND WILDFIRES (0730 GMT)Chinese imports and exports both undersh...

Read more
9 Aug 2021 08:06

MORNING BID-Pestilence and wildfires

A look at the day ahead from Sujata Rao.Chinese imports and exports both undershot expectations last month, data showed on the weekend, impacted in part by the COVID-19 resurgence across the country and the rest of Asia. Those outbreaks have also ...

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.