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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%
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LIVE MARKETS-Wall Street kicks off August on the plus side

* U.S. equity indexes higher, Dow out front, chips strong* Financials lead S&P sector gainers; staples weakest group* Euro STOXX 600 index up ~0.5%* Gold flat; dollar, crude, bitcoin all dip* U.S. 10-Year Treasury yield ~1.19%Aug 2 - Welcome to the h...

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2 Aug 2021 14:24

LIVE MARKETS-When M&A is Made in Britain

* U.S. equity index futures suggest modest opening gains* Euro STOXX 600 index up ~0.5%* Dollar, gold, crude, bitcoin all dip* U.S. 10-Year Treasury yield ~1.21%Aug 2 - Welcome to the home for real-time coverage of markets brought to you by Reuters ...

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26 Jul 2021 12:33

Philip Morris to end Marlboro cigarette sales in UK within a decade

July 26 (Reuters) - Tobacco group Philip Morris International will stop selling Marlboro cigarettes in Britain within a decade, its chief executive told https://www.dailymail.co.uk/news/article-9822189/Tobacco-giant-Philip-Morris-stop-selling-cigar...

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18 Jul 2021 11:35

Sunday newspaper roundup: Vectura, Sunak, Cobham

(Sharecast News) - "The head of Marlboro cigarette-maker Philip Morris International (PMI) has hit out at critics of a controversial swoop on a healthcare company, claiming that the acquisition will help achieve its target to make the UK smoke-free within a decade. In the wake of fierce opposition to the deal to buy FTSE 250 inhaler-maker Vectura, André Calantzopoulos, PMI's executive chairman, said the "obsessive focus" by anti-smoking campaigners on Big Tobacco was the "wrong approach", adding that PMI has the "ability and the technology" to address harm from smoking." - Sunday Telegraph

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12 Jul 2021 10:06

BROKER RATINGS: Morgan Stanley cuts Wizz Air but upgrades easyJet

BROKER RATINGS: Morgan Stanley cuts Wizz Air but upgrades easyJet

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9 Jul 2021 17:25

LONDON MARKET CLOSE: Investors shake off woes, back on "rally train"

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9 Jul 2021 12:07

LONDON MARKET MIDDAY: Stocks shake off global recovery worries

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9 Jul 2021 10:59

TOP NEWS SUMMARY: Philip Morris snatches Vectura from Carlyle Group

TOP NEWS SUMMARY: Philip Morris snatches Vectura from Carlyle Group

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9 Jul 2021 09:59

LIVE MARKETS-UK for sale

Welcome to the home for real-time coverage of markets brought to you by Reuters stocks reporters.UK FOR SALE (0859 GMT)There's been a burst of M&A activity in the UK in recent weeks, with Spire Healthcare , Morrison Supermarkets and Vectura all bei...

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9 Jul 2021 08:42

LONDON MARKET OPEN: Stocks recover into end of week as airlines rise

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9 Jul 2021 08:10

LONDON BRIEFING: Marlboro Man seeks asthma treatment

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9 Jul 2021 07:46

LONDON MARKET PRE-OPEN: Philip Morris strikes GBP1 billion Vectura buy

LONDON MARKET PRE-OPEN: Philip Morris strikes GBP1 billion Vectura buy

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9 Jul 2021 07:40

TOP NEWS: Vectura backs GBP1 billion takeover by Philip Morris Intl

TOP NEWS: Vectura backs GBP1 billion takeover by Philip Morris Intl

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9 Jul 2021 07:31

UPDATE 4-Cigarette maker Philip Morris to buy UK producer of respiratory treatments

* Vectura withdraws support for Carlyle deal* UK firm recommends Philip Morris offer* Deal is second by Philip Morris in a week* Shares jump 14% (Adds industry context, analyst comments, updates shares)By Yadarisa Shabong and Siddharth CavaleJuly 9 ...

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9 Jul 2021 07:31

UPDATE 3-Cigarette maker Philip Morris to buy UK producer of respiratory treatments

* Vectura withdraws support for Carlyle deal* UK firm recommends Philip Morris offer* Deal is second by Philip Morris in a week* Shares jump 14% (Adds Carlyle statement, analyst comment, detail, updates shares)By Yadarisa ShabongJuly 9 (Reuters) - ...

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