FTSE News: FTSE 100, FTSE 250, and FTSE 400 investment news
FTSE market news from the London Stock Exchange: FTSE 100, FTSE 250, and FTSE 400

Latest FTSE News:

  • Miners gain, house builders see declines

  • Oil, miners higher in London

  • Telecoms, retailers see gains

  • Pharma lower in London

  • British Energy drops on nuclear plant delays

  • Home builders see gains in London

  • House builders, property developers down in London

  • Brewers higher on bids rumors

  • Oil sector, banks mixed in London

  • BP, Royal Dutch Shell gain on higher oil prices

  • FTSE news feed

    Recommended equities news sites

  • Eurofirst News
  • Tokyo Market News
  • NYSE News
  • FTSE
  • London Stock Exchange
  •  

    August 30, 2007

    Mixed day for property developers

    Filed under: Companies, BG Group, Enterprise Inns, DSG international, SAB Miller, Kingfisher, Barratt Developments, Liberty International, Hunting

    The London markets were higher Thursday.

    The FTSE 100 added 1.3 percent to 6,212 and the FTSE 250 was 1.91 percent higher to 11,099.5.

    Property developers and investors were mixed on the session. While Liberty International (LSE: LII) was 3.78 percent higher to £11.80, Barratt Developments (LSE: BDEV) was 0.22 percent lower to 903p.

    Retailers saw declines.

    Kingfisher (LSE: KFG) fell 0.24 percent to 207p and DSG International (LSE: DSGI) was the worst performer on the 100 with a decline of 1.59 percent to 154.8p.

    In the oil sector, BG Group (LSE: BG; NYSE: BG) had the best day on the 100, gaining 4.27 percent to 782p as oil prices rose.

    Still, oil refiner Hunting (LSE: HTG) was the worst perfomer on the 250, dropping 7.28 percent to 700p.

    Other gainers on the day included pubs operator Enterprise Inns (LSE: ETI), which added 3.17 percent to 634.5p.

    Brewer SAB Miller (LSE: SAB) was 3.51 percent to £13.26.





    August 29, 2007

    FTSE 250 adds nearly 1 percent

    Filed under: Companies, PartyGaming, Aviva, Severn Trent, Kelda, Persimmon, Barratt Developments, Whitbread, Rexam, Standard Life, Bluebay

    In London on Wednesday, the FTSE 100 was up 0.49 percent to 6,132.2 and the FTSE 250 added 0.91 percent to 10,891.9.

    Hotels and restaurants operator Whitbread (LSE: WTB) had the best day on the 100 as it added 3.47 percent to £16.12.

    The gains came on news that revenues were up 6.6 percent in the six months ending 16 August and were 8 percent higher in its fiscal second quarter.

    Water utilities were right behind. Severn Trent (LSE: SVT) was 2.84 percent higher to £13.42, while Kelda Group (LSE: KEL) added 3.15 percent to 852p.

    Insurers were mixed, however, with Standard Life (LSE: SLET) up 2.11 percent to 290p but Aviva (LSE: AV) down 0.99 percent to 698p.

    Property developers and house builders were down on the session. Barratt Developments (LSE: BDEV) fell 0.66 percent to 905p, while Persimmon dropped 0.77 percent to £11.55.

    Beverage can manufacturer Rexam (LSE: REX), down 1.35 percent to 511p had the worst day on the 100.

    The worst performer on the 250 was in the financial services sector, where Bluebay (LSE: BBAY) was 4.76 percent lower to 395p.

    PartyGaming (LSE: PRTY) had the best day on the 250, where it gained 23.08 percent to 28p after a more than 7 percent decline Tuesday.





    August 21, 2007

    Property developers mixed in London

    Filed under: Companies, BA, British Land, BHP Billiton, International Power, BT Group, JKX Oil & Gas, Barratt Developments, Drax Group, Intercontinental Hotels Group, Punch Taverns, Michael Page International, Avis Europe

    London markets were mixed Tuesday, with the FTSE 100 up 0.12 percent to 6.086.1 but the FTSE 250 down 0.6 percent to 10,639.3.

    The mixed nature of the indices translated to mixed days within individual sectors.

    For example, while property developer Barratt Developments (LSE: BDEV) was the worst performer of the day on the 100 with a drop of 3.25 percent to 909p, British Land (BLND) added 1.42 percent to £12.15.

    Likewise among electricity generators.

    While International Power (LSE: IPR; NYSE: IPR) added 1.55 percent to 409p, Drax Group (LSE: DRX) fell 2.29 percent to 620p.

    Miner BHP Billiton (LSE: BLT; NYSE: BHP; ASX: BHP) had the best day on the 100, adding 2.04 percent to £13.01 after it said it had moved two drilling rigs from deep water in the Gulf of Mexico ahead of Hurricane Dean.

    Meanwhile on the 250, JKX Oil & Gas was the best performer with a gain of 7.39 percent to 370.5p.

    Other gainers on the day included British Airways (LSE: BAY; NYSE: BAB) at 1.52 percent higher to 401.5p.

    In the telecommunications sector, BT Group (LSE: BT.A; NYSE: BT) gained 1.46 percent to 312p.

    Avis Europe (LSE: AVE) was up 4.42 percent to £47.25.

    Among decliners, pubs operator Punch Taverns (LSE: PUB) was 2.35 percent lower to 976.5p, while Intercontinental Hotels (LSE: IHG; NYSE: IHG) fell 2.33 percent to £10.06.

    Human resources specialist Michael Page International (LSE: MPI) dropped 4.22 percent to 419.5p.





    August 15, 2007

    RBS down on news it won’t reduce ABN bid

    Filed under: Companies, Northern Rock, Standard Chartered, Anglo American, BHP Billiton, Hammerson, Bovis Homes Group, Persimmon, HSBC, Barratt Developments, Royal Bank of Scotland, Berkeley Group, Quintain Estates & Development

    Equities markets in London declined Wednesday as the FTSE 100 was 0.56 percent lower to 6,109.3 and the FTSE 250 dropped 0.99 percent to 10,889.3.

    UK banks followed European banks lower.

    HSBC (LSE: HSBA; NYSE: HBC; Euronext: HSBC; SEHK: 005) was down 2 percent to 883.5p, while Royal Bank of Scotland (LSE: RBS; NYSE: RBS PRM) fell 2.2 percent to 561p after it said it won’t reduce its bid, in consortium with other banks, for ABN Amro (Euronext: AAB; NYSE: ABN) to reflect ABN’s lower value after a dividend payout.

    Standard Chartered (LSE: STAN; SEHK: 2888) was 2.25 percent lower to £15.62, while Northern Rock (LSE: NRK) had the worst day on the 100 as it dropped 5.3 percent to 687.5p after it said it could miss its profits forecast.

    Miners were lower as well after copper prices fell 1.2 percent in London to $7,329 per tonne.

    BHP Billiton (LSE: BLT; NYSE: BHP; ASX: BHP) was down 1.7 percent to £12.76, while Anglo American (LSE: AAL) was 1.9 percent lower to £27.25.

    Housebuilders and property investors had a better day.

    Persimmon (LSE: PSN) was the best performer on the 100 with a gain of 3.88 percent to £12.58, while Berkeley Group Holdings (LSE: BKG) topped the 250 as it added 4.67 percent to £16.14.

    Bovis Homes (LSE: BVS) was up 4.07 percent to 805p, while Barratt Developments (LSE: BDEV) was 2.77 percent higher to 945p and Hammerson gained 2.14 percent to £12.40.

    On the other hand, property investors Quintain Estates & Development (LSE: QED) had the worst day on the 250 as it dropped 9.62 percent to 817p.





    July 9, 2007

    Miners gain in London

    Filed under: Companies, Xstrata, Kazakhmys, Antofagasta, BHP Billiton, Tate & Lyle, Bovis Homes Group, Barratt Developments, Redrow

    In London on Monday the FTSE 100 added 0.34 percent to 6,712.7, while the FTSE 250 dropped 0.16 percent to 11,847.8.

    Most of the gains on the session were produced by the mining sector, which saw advances as copper prices remained strong and after JPMorgan (NYSE: JPM; TYO: 8634) raised target share prices for several of the miners.

    BHP Billiton (LSE: BLT; ASX: BHP; NYSE: BHP) gained 1.78 percent to £15.43, while Antofagasta (LSE: ANTO) was 2.71 percent higher to 681.5p.

    Xstrata (LSE: XTA) added 2.88 percent to £33.60 and Kazakhmys (LSE: KAZ) was up 4.21 percent to £13.60.

    Other gainers included food processor Tate & Lyle (LSE: TATE) which added 4.69 percent to 580p for the best performance on the 100.

    Housebuilders put in the worst performances of the session on both the 100 and the 250.

    Persimmon (LSE: PSN) dropped 4.12 on the 250 to £11.64, while on the 100 Bovis Homes fell 10.86 percent to 820.5p.

    Other decliners in the sector included Redrow (LSE: RDW), which was 5.36 percent lower on the 250 to 512p and Barratt Developments (LSE: BDEV), which was down 2.32 percent to 991.5p on the 100.

    The declines in the sector were blamed on caution in the face of higher interest rates.





    February 1, 2007

    FTSE 100 adds 1.3 percent on session

    Filed under: Companies, Corus, WPP, AstraZeneca, J Sainsbury, Scottish Power, Barratt Developments, Redrow, Gallaher, Wilson Bowden

    London equities markets were higher on Thursday, with the FTSE 100 1.3 percent higher to 6,282.2 on a session where it saw all of its listed stocks finish in the black. The FTSE 250 was 1.1 percent higher to 11,221.5. Trade was brisk, with 4 billion shares trading hands.

    Homebuilders were higher on mergers and acquisitions rumors. Wilson Bowden gained 0.6 percent to £23, while Redrow was 1.1 percent higher to 626½p and Barratt Developments added 2.3 percent to £12.09, amid talk that Barratt could be interested in Redrow if its bid for Wilson is not successful.

    In the retail sector, supermarket J Sainsbury was up 2.6 percent to 445½p on the news that Lord Sainsbury of Turville reduced his stake to 13.9 percent by selling 40 million shares.

    In the pharmaceuticals sector, AstraZeneca was up 2.2 percent to £29.03 after it outlined steps it would take in order to drive growth.

    While no stocks on the 100 lost ground on the day, four did close even. Three of those, steelmaker Corus, at 601½p, tobacco company Gallaher, at £11.37, and Scottish Power, at 747p, are all in the middle of mergers and acquisitions activity. The fourth company to close steady was advertiser WPP, which also ended the session at 747p.





    October 9, 2006

    Corus adds 2.7 percent on possible offer

    Filed under: Companies, ITV, GlaxoSmithKline, Corus, Marks & Spencer, Shire, EMI, Barratt Developments, Reed Elsevier, Redrow

    The London equities markets were mixed on Monday, with the FTSE 100 adding 0.5 percent to 6,030.9 but the FTSE 250 dropping 0.2 percent to 10, 152.3.

    The pharmaceuticals sector was higher on the session. Glaxo-Smith-Kline gained 0.6 percent to £14.54 on talk that it is engaged in discussions with Novartis concerning a merger. Shire added 14.9 percent for the best performance among blue-chips, to £10.08 when the Food and Drug Administration in the United States approved its NRP104 treatment for attention deficit hyperactivity disorder for use there.

    Media companies didn’t have nearly so good a day. Reed Elsevier dropped 1 percent to 588½p on rumors that a profits warning is forthcoming. EMI fell 1.9 percent to 264¾p in anticipation of a less than encouraging trading update due next week. ITV, meanwhile, was 2.2 percent lower to 100¼p when UBS lowered its advertising growth prediction for the broadcaster, removed it from its “buy” list, and cut its earnings per share forecast for both this year and next.

    Homebuilders were mixed, with Redrow up 1.4 percent to 630p but Barratt Developments 1.6 percent lower to £10.98 as rumors that Barratt is interested in a takeover of Redrow continued to ciruclate.

    In the steel sector, Corus added 2.7 percent to 494p on reports that Tata Steel of India could be close to an offer worth £5 billion.

    Marks and Spencer was 1.3 percent higher to 662½p, near a record high, on positive comments and an increased target share price from Morgan Stanley.





    August 15, 2006

    Shire gains on lawsuit settlement

    Filed under: Companies, Shire, Amvescap, Carphone Warehouse, Bellway, Bovis Homes Group, Man Group, Barratt Developments

    The London equities markets had another slow day, with only 2.3 billion shares traded. Still, both the FTSE 100 and FTSE 250 saw gains on the day. The 100 added 0.5 percent to 5,897.9, while the 250 was 0.6 percent higher to 9,359.6.

    In the pharmaceuticals sector, Shire was 0.7 percent higher to 888p on the news that it has reached a settlement with Barr Laboratories that will keep Barr from marketing a generic version of Shire’s attention deficit disorder drug Adderrall until 2009. Adderrall accounts for about 50 percent of Shire’s sales.

    Homebuilders were also up on the session as rumors of consolidation within the sector circulated. Bellway gained 1.8 percent to £11.95, while Barratt Developments added 2.3 percent to 951½p and Bovis Homes was 2.4 percent higher to 811p.

    In the telecommunications sector, Carphone Warehouse advanced by 3 percent to 263¾p amid rumors that a private equity company had offered 330p per share for the company.

    Man Group was 2.2 percent higher to 415p, while Amvescap added 2.3 percent to 517½p as fund managers benefited from the notion that weaker than expected data out of the United States would make it more likely that the Federal Reserve will keep interest rates at their current level rather than increasing them at its next meeting.





    August 3, 2006

    Homebuilders decline

    Filed under: Companies, Northern Rock, ITV, PartyGaming, British Land, Alliance & Leicester, Wm Morrison, Hammerson, HBOS, Bellway, Persimmon, Barratt Developments, Liberty International, Rightmove, Countrywide

    London equities markets were sharply lower on Thursday after the Bank of England announced that it had raised interest rates in the UK by a quarter of a percent to 4.75 percent. Most analysts had not expected the rate hike to come at this time. With 3.2 billion shares changing hands, the FTSE 100 dropped 1.6 percent to close at 5,838.4 and the FTSE 250 was 1.4 percent lower, ending the session at 9,264.3.

    Sectors most seriously affected by the rate hike included mortgage banks, homebuilders, and those companies that market homes and land. Among homebuilders, Persimmon was 4 percent lower to £12.42, while Bellway fell 4.3 percent to £11.65 and Barratt Developments dropped 5.1 percent to 945p.

    Among those engaged in selling property, Hammerson declined by 3 percent to £12.36, British Land was 3.9 percent lower to £13.24, and Liberty International fell by 4.3 percent to £11.04. Estate agents were also lower. Rightmove dropped 5.8 percent to 270p, while Countrywide fell 8.1 percent to 387p.

    In the banking sector, mortgage banks declined on the theory that higher interest rates would mean higher house payments and the possibility that more people would not be able to meet their debts. Northern Rock was down by 1.6 percent to £10.88, while HBOS fell 3 percent to 959p and Alliance & Leicester dropped 3.5 percent to 955p.

    There were advances on the day, but they were few and far between. PartyGaming added 0.5 percent to 110p on the news that it has bought internet sports betting company Gamebookers. Broadcaster ITV gained 2.7 percent to 104¼p after adding nearly 5 percent on Wednesday. Wm Morrison was 3.5 percent higher to 213p on higher sales. Citigroup raised the supermarket chain’s target share price from 215p to 240p and reconfirmed it’s “buy” recommendation.





    June 14, 2006

    Mixed day for homebuilders

    Filed under: Companies, Lloyds TSB, BG Group, Royal Dutch Shell, BP, Tullow Oil, AstraZeneca, Crest Nicholson, Bovis Homes Group, George Wimpey, Barratt Developments

    London equities markets were mixed on Wednesday. The FTSE 100 dropped 0.2 percent to 5,506.8, mostly on declines in the oil sector, while the FTSE 250 added 0.7 percent to 8,782.2. 3.3 billion shares were traded on the day.

    Homebuilders were mixed on bids rumors. Crest Nicholson was up 3.6 percent to 505p on speculation that one of its rivals would purchase the 23.4 percent of its shares now held by Heron International. Bovis Homes was the most mentioned possible buyer, sending its shares 2.2 percent lower to 779½p. However, some analysts see either George Wimpey or Barratt Developments as more likely bidders for the shares. Wimpey added 2.7 percent on the day to 428½p, while Barratt gained 1.1 percent to 868p.

    In the banking sector, Lloyds TSB added 2.4 percent to 515p on an upgrade to “overweight” and an increase to 611p in its target share price by Morgan Stanley.

    Bid rumors in the pharmaceuticals sector sent AstraZeneca 2. 5 percent higher to £30.16 on a revival of talk that Novartis will make an offer. The feeling of some analysts is that these rumors have gained new currency due to the bidding war over German drug maker Schering.

    In the oil sector, BP lost 1.3 percent to 586p. Royal Dutch Shell declined by 1.8 percent to £17.35, while BG Group was down 3.3 percent to 635p. Meanwhile, Tullow Oil dropped 2.3 percent to 300¾p even though rumor had it that Royal Dutch Shell might be planning a bid.





    « Previous PageNext Page »

    Latest Equities News:

  • Europe, US, most Asia markets lower on news, data

  • Equities decline globally on European debt concerns

  • Most global equities markets see declines on commodities prices

  • Europe, Asia markets mixed as Wall Street declines

  • European, US markets see gains as Asia markets remain mixed

  • European equities decline on lower credit rating for Greece

  • European equities markets gain, helped by US jobs report

  • Most global equities markets in decline

  • Europe, US, Asia markets all see declines

  • London markets see gains as most European markets retreat

  • FTSE News copyright 2012 Central Consultants