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Unsurprsingly, the retailing sector is the worst performing sector on Thursday, after Home Retail Group took a dive. Home Retail has taken a plunge after revealing an 8.1% fall in sales at its catalogue-based retailer Argos in the 13 weeks to 28 May. "Trading conditions, particularly at Argos, have
Read moreAnalysts at Digital Look have attributed the share price weakness of insurers Admiral and Old Mutual to the Icelandic volcano, which could cause disruption to travellers across western Europe on reports of a drifting ash cloud. Airline International Consolidated Airlines is also flying lower. Also
Read moreThe Footsie has come off its lows but remains in the red, led by temporary power supplier Aggreko, who is trading over 3% lower. Engineers Invensys and Weir are also out of favour. Data software firm Autonomy is wanted after it announced that it is to boost its cloud computing capability with a $38
Read moreStocks have drifted lower following their poor start. The European debt crisis talks overshadowed by the arrest of IMF chief Dominique Strass-Kahn. European finance ministers look likely to give the go-ahead for a Portuguese bailout today in a meeting overshadowed by the arrest of the head of the I
Read moreStocks are suffering more losses in early dealings, with company updates failing to impress the market. Oilfield services group Wood Group slips after saying it is to return £1.05bn to shareholders by way of a tender offer to repurchase up to 32.1% of the issued ordinary share capital of the group.
Read moreThe top share index could well slide below 5,900 at the outset this morning with City traders expecting the Footsie to dip by around 27 points from Friday's close of 5,926. Oilfield services group Wood Group is to return £1.05bn to shareholders by way of a tender offer to repurchase up to 32.1% of
Read moreOilfield services group Wood Group is to return £1.05bn to shareholders by way of a tender offer to repurchase up to 173.6m Wood shares, equivalent to 32.1% of the issued ordinary share capital of the group. The company flagged its intention to shower shareholders with cash back in February after
Read moreAfter a calm start following good gains yesterday, shares took a sharp dive into the red as economic worries resurfaced. Despite a strong first start to the year, terrestrial broadcaster ITV, one of today's strugglers, has warned that it is facing tougher comparatives in the current quarter, meanin
Read moreTerrestrial broadcaster ITV is the worst performing stock after warning that it is facing tougher comparatives in the current quarter, meaning that the firm could underperform the market in the first half. Banking giant HSBC is lower after announcing that it is to cut costs and may abandon some bu
Read moreShares are seeking direction following yesterday's big gains, with stocks moving in both directions on the back of updates. Despite a strong first start to the year, terrestrial broadcaster ITV has warned that it is facing tougher comparatives in the current quarter, meaning that the firm could und
Read moreThe Footsie has opened up lower, with ITV providing a drag, taking a tumble in early trading. Despite a strong first start to the year, terrestrial broadcaster ITV has warned that it is facing tougher comparatives in the current quarter, meaning that the firm could underperform the market in the fi
Read moreInternational energy services company Wood Group is on track to meet full year expectations, after seeing good growth in the first four months of 2011. In the Engineering division, the group is seeing increased volumes in its upstream projects, though some projects continue to experience delays.
Read moreWood Group subsidiary Mustang Al-Hejailan Engineering is to merge with two Saudi-Arabian engineering businesses to form Mustang Al-Hejailan Dar PI (MHDP). The Wood Group subsidiary will be the major shareholder in the new venture. The junior partners are Dar E&C and PI-Consult, both of which are lo
Read moreThere are no sectors in the red as of Thursday afternoon, as London attempts to regain recent losses almost a week after the earthquake in Japan sent markets across the globe reeling. The oil equipment, services and distribution sector is higher with Infrastrata and Wood Group among those making ga
Read moreITV is returning to the FTSE 100 index in the latest quarterly changes. The television broadcaster was dropped from the FTSE 100 in September 2008 has risen by more than 75% over the past year and it promises to pay an interim dividend this year. ITV's underlying profit almost trebled to £321m i
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