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London open: Banks weigh on the Footsie early on

Mon, 04th Feb 2013 08:19

The FTSE 100 slipped into the red in early trading on Monday morning as investors took a breather after the impressive rally seen so far in 2013.Since the start of the year, the index has risen a whopping 7.62% and is now trading at levels not seen since mid-2008."We may see a break in the recent stock market rally this week, as corporate earnings season begins to wind down and focus turns to the Eurozone," said market analyst James Hughes from Alpari. "Corporate earnings season has been a major driver behind the stock market rally over the past month, and with that now coming to an end, we could now see the rally run out of steam. Economic data has been quite mixed over the past few weeks, with the fiscal cliff in the US taking its toll on everything from sentiment to consumer spending." Nevertheless, Hughes did highlight Friday's jobs report from the US as a positive, which showed huge upward revisions to previous months' data.Barclays leads Footsie lowerUK lender Barclays was out of favour early on after announcing that its long-running Finance Director, Chris Lucas, has stepped down ahead of the group's conclusion of its strategic review in the coming weeks. Mark Harding, the Group General Counsel who has been with the bank for 10 years, has also decided to call it quits.The wider banking sector was subdued this morning ahead of an announcement by Chancellor George Osborne, who is expected to unveil plans to "electrify" the ringfence - this would mean that commercial and investment banking activities could be separated if lenders are seen breaking rules.However, Anthony Browne, the Chief Executive of the British Bankers' Association said: "This will create uncertainty for investors, making it more difficult for banks to raise capital which will ultimately mean that banks will have less money to lend to businesses."HSBC, Lloyds, RBS and Standard Chartered were trading flat to slightly lower in the opening hour.Diversified mining group Anglo American gained despite saying that its troubled South African platinum division fell sharply into the red in 2012. Amplats reported a IFRS headline loss of 1,468m South African rand, or $170m, for the 12 months to December 31st, compared with a $527m profit in 2011. Fellow miner Randgold was also wanted after full-year profits rose 16% to $511m. Production levels for the year also rose 14% to 794,844 ounces of gold.Aerospace engineer Meggitt was under the weather after UBS downgraded the stock from 'buy' to 'neutral'. Chemicals group Johnson Matthey was also hit by a ratings cut by Citigroup to 'neutral'.FTSE 250 oil and gas group Salamander Energy was a high riser after discovering oil at the first well in its multi-well programme in the North Kutei Basin. Sector peer EnQuest also rose after saying that oil production is line with its guidance.AIM-listed luxury interior furnishings group Walker Greenbank surged after saying it expects pre-tax profits for the year to be ahead of the top end of analyst forecasts, following a good first half performance. FTSE 100 - RisersShire Plc (SHP) 2,169.00p +1.59%Burberry Group (BRBY) 1,402.00p +1.08%Randgold Resources Ltd. (RRS) 6,145.00p +0.99%Wood Group (John) (WG.) 833.00p +0.60%United Utilities Group (UU.) 735.50p +0.55%Imperial Tobacco Group (IMT) 2,370.00p +0.51%BG Group (BG.) 1,128.50p +0.49%Severn Trent (SVT) 1,636.00p +0.49%Evraz (EVR) 298.30p +0.44%InterContinental Hotels Group (IHG) 1,904.00p +0.42%FTSE 100 - FallersMeggitt (MGGT) 431.40p -2.27%Antofagasta (ANTO) 1,133.00p -2.24%Vodafone Group (VOD) 170.70p -1.59%Johnson Matthey (JMAT) 2,290.00p -1.55%Glencore International (GLEN) 392.25p -1.41%Xstrata (XTA) 1,180.50p -1.21%Aviva (AV.) 363.80p -1.17%CRH (CRH) 1,353.00p -1.17%Melrose Industries (MRO) 238.00p -1.04%Aggreko (AGK) 1,608.00p -0.92%FTSE 250 - RisersSalamander Energy (SMDR) 200.00p +7.53%Sports Direct International (SPD) 414.80p +2.95%Perform Group (PER) 388.00p +2.65%Ted Baker (TED) 1,185.00p +1.72%Homeserve (HSV) 239.80p +1.61%Go-Ahead Group (GOG) 1,336.00p +1.60%Afren (AFR) 156.10p +1.36%Oxford Instruments (OXIG) 1,738.00p +1.34%Millennium & Copthorne Hotels (MLC) 559.50p +1.27%BTG (BTG) 338.60p +1.26%FTSE 250 - FallersCarpetright (CPR) 681.12p -2.70%Daejan Holdings (DJAN) 3,045.56p -2.01%Chemring Group (CHG) 289.20p -1.97%Centamin (DI) (CEY) 59.40p -1.66%Petropavlovsk (POG) 354.10p -1.56%Stagecoach Group (SGC) 307.90p -1.54%Carillion (CLLN) 304.40p -1.52%Ocado Group (OCDO) 104.40p -1.51%ITE Group (ITE) 252.60p -1.37%Bankers Inv Trust (BNKR) 491.20p -1.27%BC
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15 Apr 2014 07:50

UK MORNING BRIEFING: Aggreko Leads After Mixed Results

LONDON (Alliance News) - Aggreko is leading the FTSE 100 in early trading Tuesday after the temporary power company said it has seen mixed results in its first quarter, with strong underlying revenue growth in two of its three regions being impacted by adverse currency movements as previously exp

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1 Apr 2014 10:45

Walker Greenbank Brand Launches Overseas-Focused Range

LONDON (Alliance News) - Walker Greenbank PLC said Tuesday its Harlequin brand has launched Anthology, two collections of textured wallpapers designed for overseas markets. The luxury interior furnishings group said Harlequin has launched Anthology, two collections of contemporary textured

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17 Mar 2014 11:39

Walker Greenbank Launches Collection In Emma Bridgewater Collaboration

LONDON (Alliance News) - UK-based interior furnishing company Walker Greenbank PLC said Monday that its Sanderson brand has launched a collection of wallpapers and fabrics in a collaboration with pottery designer and manufacturer Emma Bridgewater. The group said the collection consists of t

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25 Feb 2014 11:12

CORRECT: Walker Greenbank Hires Britvic Finance Head

[An item published at 08:03 February 25 2014 misspelt Gant's name. The correct version follows.] LONDON (Alliance News) - Walker Greenbank PLC said Tuesday it has hired Mike Gant as the company's Chief Financial Officer. Gant joins from FTSE 250-listed soft drinks firm, Britvic PLC, w

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25 Feb 2014 08:22

Britvic's Gant appointed as Walker Greenbank's new finance chief

Interior furnishing group Walker Greenbank announced the appointment of Mike Gant, Britvic's head of finance, as its new Chief Financial Officer. Gant, who will assume his new post on March 3rd, joins Walker Greenbank from the soft drinks firm where he acted as finance director of its Internationa

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25 Feb 2014 08:03

Walker Greenbank Hires Britvic Finance Head

LONDON (Alliance News) - Walker Greenbank PLC said Tuesday it has hired Mike Grant as the company's Chief Financial Officer. Grant joins from FTSE 250-listed soft drinks firm, Britvic PLC, where he has served as finance director of the GB and International business units since 2009. H

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4 Feb 2014 16:58

STOCKS NEWS EUROPE-UK small caps fall, tracking weaker blue-chips

The FTSE Small Cap index falls 0.5 percent, with the blue-chip FTSE 100 index closing 0.3 percent lower while the FTSE 250 mid-cap index declines by 0.1 percent. The FTSE AIM All Share Index ends 0.1 percent higher. Quindell rises 13.6 percent after Canaccord Genuity raises its targe

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4 Feb 2014 11:33

Walker Greenbank Says Full-Year Profit At Top End Of Predictions

LONDON (Alliance News) - Luxury interior furnishings group Walker Greenbank PLC Tuesday said adjusted pretax profit for the year ended January 31, is expected to be ahead of the top end of analyst forecasts, following a strong second-half. The company, which operates through brands includin

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4 Feb 2014 09:20

Tuesday broker round-up UPDATE

Alumasc: FinnCap ups target price from 142p to 167p and retains its buy recommendation. Barratt Developments: Barclays increases target price from 444.7p to 471.2p and keeps an overweight rating. Bellway: Barclays raises target price from 1498.1p to 1552.6p, but keeps an underweight rating. Berke

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4 Feb 2014 08:29

UK MORNING BRIEFING: Shares Open Lower; Ocado Losses Widen

LONDON (Alliance News) - UK shares have opened lower Tuesday amid continued worries about the US economy.

Ocado shares are down 4.5% as it reported a wider pretax loss for 2013, though the online grocer said it expects to reach profitability this year.

Br

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19 Nov 2013 13:53

Walker Greenbank Commissions 2nd Digital Printer At Lancaster Factory

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1 Oct 2013 10:07

Walker Greenbank Profits Buoyed By Strong Sales Growth

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1 Oct 2013 09:35

Tuesday broker round-up UPDATE

African Minerals: Credit Suisse reduces target price from 350p to 280p and downgrades to neutral. British Land: Societe Generale cuts target price from 670p to 620p and downgrades to hold. Derwent London: Societe Generale reduces target price from 2610p to 2470p downgrading to hold. Faroe Petrole

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1 Oct 2013 08:07

Walker Greenbank enjoys strong overseas performance

Luxury interior furnishings group Walker Greenbank reported a 13 per cent increase in underlying profit and ramped up its dividend payment by over a fifth. The group, whose brands include Sanderson, Morris & Co., Harlequin, Zoffany and Scion, said adjusted profit before tax rose to £3.06m in the si

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4 Sep 2013 10:06

Walker Greenbank upbeat about first half

Luxury interior furnishings group Walker Greenbank has reported a period of 'successful' trading for the half year to the end of July. It said its brand sales, manufacturing and licence income all continued to delivere a positive performance and that margins had been strong. The group added that

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