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Lloyds Banking Group was the high riser of the morning after revealing the details of its strategic review. The Footsie opened up near the 5,900 mark, a level not seen since the start of the month. Lloyds, the part-nationalised high street behemoth, is aiming to shed a further 15,000 jobs and cut i
Read moreEverything looks copacetic in London with concerns over the Greek debt situation on the back-burner following yesterday's vote in the Greek parliament in favour of introducing austerity measures. City traders expect the Footsie will open around 20 points up from last night's close of 5,856. Banking
Read moreOilfield services firm Wood Group said on Thursday that it has seen good growth in the year to date and expects full-year numbers to be in line with expectations. The company - which works in 50 countries and has more than 34,000 employees - said that trading in its Engineering division and a stron
Read moreThursday is the big day for company trading updates next week, as is often the case, with Greene King, HMV, Petrofac and Debenhams set to update the market that day. HMV Group may only be a small cap company these days but, as the short seller's favourite weapon of choice over the last year or so,
Read moreLondon was given an extra lift in the afternoon as markets on Wall Street opened strongly. Also helping sentiment was some reassuring economic figures from China. Chinese industrial production rose by 13.3% in May, assuaging some observers' fears that economic expansion in the fast-growing country c
Read moreOilfield services firm Wood Group is lift the oil equipment and services sector higher. The firm has extended its contract with TAQA Bratani Limited, the energy company that is 51% owned by Abu Dhabi Water and Electricity Authority, for a further five years. Under the terms of the deal, Wood Grou
Read moreRoyal Bank of Scotland is among the best performers after reports suggest that it is in talks to sell its vehicle-leasing business to General Electric, the American super-conglomerate. Heading the other way is commodity trading house Glencore after the group reported its first quarter results this
Read moreThe downgrade yesterday of Greek sovereign debt by ratings agency Standard & Poor's to a level barely above junk status seems unlikely to prevent shares adding to yesterday's modest gains at the outset, with City traders predicting the top-share index will open around 30 points firmer. Supermarket
Read moreOilfield services firm Wood Group has extended its contract with TAQA Bratani Limited, the energy company that is 51% owned by Abu Dhabi Water and Electricity Authority, for a further five years. Under the terms of the deal, Wood Group PSN, a subsidiary of Wood Group, will provide operations & mai
Read moreShares finished slightly higher on another choppy day for the FTSE 100, with bid-talk surrounding ENRC helping offset profit warnings from Imperial Tobacco and Carnival. Imperial Tobacco fell back after it slashed profit expectations for its Spanish business as competition in the country forced it
Read moreShares have climbed higher after an indifferent start, with mining stocks and banks sending the top share index higher. Imperial Tobacco is lower though after it slashed profit expectations for its Spanish business as competition in the country forced it to cut prices for cigarettes. Imperial, whos
Read moreShares are flat following Friday's slide. Imperial Tobacco is lower though after it slashed profit expectations for its Spanish business as competition in the country forced it to cut prices for cigarettes. Imperial, whose brands include Lambert & Butler and Gauloises Blondes cigarettes, said opera
Read moreThe top share index is expected to fall slightly, adding to the big losses seen at the end of last week. Imperial Tobacco has slashed profit expectations for its Spanish business after competition in the country forced it to cut prices for cigarettes. Imperial, whose brands include Lambert & Butler
Read moreEnergy services firm Wood Group will return 140p per share to its shareholders, in the second stage of its £1.08bn return of cash programme. Following the £412m returned through a tender offer two weeks ago, the company will return the residual £665m by way of a B/C share scheme on 1 July, in which
Read moreShares rallied in the afternoon after a good start on Wall Street where stocks won back some recent losses. Engineer Weir Group was the highest riser after its earnings estimates were lifted by RBC Capital Markets. There have also been reports today that two companies in China have been given fine
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