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
  • Insurance: Car & Home
  • FTSE
  • London Stock Exchange
  •  

    October 17, 2007

    Brewers higher on bids rumors

    Filed under: Companies, Northern Rock, BP, Rio Tinto, Tesco, Wm Morrison, Scottish and Newcastle, Tate & Lyle, SAB Miller, Imperial Tobacco, Sports Direct

    In London on Wednesday, the FTSE 100 added 0.96 percent to 6,677.7 and the FTSE 250 gained 1.51 percent to 11,538.

    The big gainer on the 100 was brewer Scottish & Newcastle (LSE: SCTN), which jumped 18.77 percent to 756p after Carlsberg (OMX: CARL A, CARL B) and Heineken (Euronext: HEIA) said they are in talks concerning forming a consortium to make a bid for the UK brewer.

    Elsewhere in the sector SAB Miller (LSE: SAB) added 2.3 percent to £14.62.

    Among retailers, supermarkets also saw gains.

    Tesco (LSE: TSCO) was 1.9 percent higher to 475p, while Wm Morrison (LSE: MRW) gained 4.09 percent to 298.75p.

    Elsewhere in the retail sector, sporting goods retailer Sports Direct (LSE: SPD) was up 10.99 percent to 156.5p for the best day on the 250.

    Other gainers included food processor Tate & Lyle (LSE: TATE), which was 7.63 percent higher to 455p, and Imperial Tobacco Group (LSE: IMT) with a gain of 4.31 percent to £23.97.

    In the banking sector, Northern Rock was back in the losing column dropping 7.16 percent to 207.5p for the worst day on the 100.

    Miner Rio Tinto (LSE: RIO) fell 1.47 percent to £43.54 after it said iron production dropped 2 percent in the quarter ending September 30 from the previous quarter.

    In the oil sector, BP (LSE: BP; NSYE: BP; TYO: 5051) was 1.2 percent lower to 619.5p.





    September 28, 2007

    Lonmin up 7.39 percent on platinum prices

    Filed under: Companies, PartyGaming, Kazakhmys, Antofagasta, Lonmin, London Stock Exchange, New Star Asset Management, Dana Petroleum, Tate & Lyle, Benfield Group, Collins Stewart

    Equities markets in London were lower in Friday trade.

    The FTSE 100 fell 0.3 percent to 6,466.8 while the FTSE 250 was 0.02 percent lower to 11,037.4.

    Miners were mixed.

    Lonmin (LSE: LMI) added 7.39 percent to £36.49 on a rise in platinum prices and on the possibility that Xstrata (LSE: XTA) might be interested in bidding.

    Gold miner Randgold (LSE: RRS; NAS: GOLD), meanwhile, was up 6.96 percent to £16.60.

    On the other hand Antofagasta (LSE: ANTO) was 3.54 percent lower to 762.5p, while Kazakhmys (LSE: KAZ) fell 3.44 percent to £14.05 after a downgrade from “buy” to “neutral” from UBS (NYSE: UBS; SWX: USBN; TYO: 8657).

    Food processor Tate & Lyle (LSE: TATE) was the biggest loser by far on the 100, plummeting 27.8 percent to 402.5p after it announced a “small” loss in the first half.

    Over on the 250, broker Collins Stewart (LSE: CLST) was the best performer, adding 7.59 percent to 205.5p.

    Other gainers on the 250 included reinsurer Benfield Group (LSE: BFD), which was up 7.41 percent to 290p.

    Dana Petroleum (LSE: DNX) gained 6.31 percent to £11.62.

    Asset managers New Star (LSE: NSAM) had the worst day on the 250 as it dropped 13.33 percent to 354p on statements from its chairman that it now faces a “challenging environment” after first half profits were up by 57 percent.

    Also lower were PartyGaming (LSE: PRTY) with a decline of 5.17 percent to 27.50p and the London Stock Exchange (LSE: LSE), which dropped 4.75 percent to £16.43.





    September 5, 2007

    Miners higher on losing day

    Filed under: Companies, Northern Rock, PartyGaming, Lonmin, Alliance & Leicester, Shire, Royal & Sun Alliance, Vedanta Resources, Tate & Lyle, Punch Taverns, Avis Europe, International Personal Finance, Interserve

    London’s markets saw declines Wednesday.

    The FTSE 100 dropped 1.66 percent to 6,270.7 and the FTSE 250 was down 1.83 percent to 11,300.7.

    The mining sector provided the best performer on the 100 as Vedanta Resources (LSE: VED) added 3.07 percent to £18.47.

    Of the two other gainers on the 100 during the day another miner, Lonmin (LSE: LMI) was up 0.37 percent to £32.27.

    The only other winner on the 100 was in the pharmaceuticals sector, with Shire (LSE: SHP; NAS: SHPGY) up 0.62 percent to £13.03.

    The best performance on 250 came from personal loan provider International Personal Finance (LSE: IPF), which added 5.66 percent to 224p.

    Construction and civil engineering group Interserve (LSE: IRV) was up 3.8 percent to 492p, while internet gambler PartyGaming (LSE: PRTY) was 2.73 percent higher to 28.25p.

    Banks were lower after Lehman Brothers (NYSE: LEH) made negative comments about the mortgage sector.

    Northern Rock (LSE: NRK) had the worst day on the 100 as it dropped 5.33 percent to 693p, while Alliance & Leicester (LSE: AL) fell 4.44 percent to £10.11.

    Among insurers, Royal Sun & Alliance (LSE: RSA) was down 3.85 percent to 139.9p.

    Food processor Tate & Lyle (LSE: TATE) was down 4.54 percent to 536.5p, and pubs operator Punch Taverns (LSE: PUB) was down 3.79 percent to £10.66.

    Avis Europe (LSE: AVE) was 7 percent lower on the 250 to 46.5p, while waste management firm Shanks Group (LSE: SKS) fell 6.06 percent to 232.5p.





    August 31, 2007

    Rio Tinto gains on takeover approval

    Filed under: Companies, Schroders, Rio Tinto, Wm Morrison, Vedanta Resources, Tate & Lyle, Mitchells & Butlers, Imperial Tobacco, Persimmon, Home Retail, John Wood Group, Melrose, Euromoney Institutional Investor, Pendragon

    London equities markets saw gains Friday.

    The FTSE 100 was 1.47 percent higher to 6,303.3 and the FTSE 250 was up 1.89 percent to 11,309.2.

    Miners were higher as metals prices advanced.

    Vedanta Resources had the best day on the 100, adding 4.38 percent to £17.63.

    Rio Tinto (LSE: RIO; ASX: RIO) was right behind with a gain of 3.72 percent to £34.30 after it gained approval from the Canadian government to proceed with its takeover of Alcan (TSX: AL; NYSE: AL).

    Other gainers on the 100 included Imperial Tobacco (LSE: IMT), which added 3.22 percent to £22.41.

    Supermarket chain Wm Morrison (LSE: MRW) gained 3.15 percent to 286.25p, while food processor Tate & Lyle (LSE: TATE) was 3.11 percent higher to 564.5p.

    Engineering group Melrose (LSE: MRO) was the best performer on the 250, adding 9.97 percent to 190.25p.

    Consumer goods retailer Home Retail (LSE: HOME) had the worst day on the 100, dropping 1.07 percent to 414.25p, while publisher Euromoney Institutional Investor (LSE: ERM) saw the biggest decline on the 250, falling 4.34 percent to 540p.

    Also on the 250, auto sales group Pendragon (LSE: PDG) dropped 2.26 percent to 75.75p, while builder John Wood Group (LSE: WG.) fell 1.09 percent to 361.5p.

    Back on the 100, non-voting shares in investment manager Schorders (LSE: SDRt.L) were 0.26 percent lower to £11.43, while house builder Persimmon (LSE: PSN) dropped 0.52 percent to £11.57 and pubs operator Mitchells and Butlers (LSE: MAB) was down 0.77 percent to 712.5p.





    August 10, 2007

    Northern Rock drops over 9.5 percent

    Filed under: Companies, Northern Rock, Carnival, Tate & Lyle, JKX Oil & Gas, Man Group, Hunting, Resolution, Henderson Group, Beazley Group, Rathbone Brothers, Avis Europe, Associated British Foods

    London’s markets joined the global market slide on Friday as the FTSE 100 fell 3.71 percent to 6,038.3 and the FTSE 250 was down 2.88 percent to 10,889.5.

    Again, financial services groups ended up lower on the day. Northern Rock (LSE: NRK) led the decliners on the 100 as it dropped 9.57 percent to 713.5p, while investment managers Rathbone Brothers (LSE: RAT) was the worst performer on the 250 with a decline of 12.02 percent to £11.57.

    Insurer Resolution (LSE: RSL) fell 6.71 percent to 626p, while special risks insurer Beazley Group (LSE: BEZ) was 7.98 percent lower to 150p.

    Hedge fund Man Group (LSE: EMG) was down 0.06 percent to 479.25p, while asset managers Henderson Group (LSE: HGI; ASX: HGI) dropped 9.43 percent to 139.25p.

    Among gainers, Avis Europe (LSE: AVE) led the 250 with a gain of 15.91 percent to 51p, while cruise operator Carnival (LSE: CCL; NYSE: CCL; NYSEL CUK) was the best performer on the 100 as it added 0.54 percent to £22.44.

    Food processors did well on the 100.

    Tate & Lyle was up 0.18 percent to 549p, while Associated British Foods (LSE: ABF) gained 0.3 percent to 844p.

    The oil sector did well on the 250.

    Oil refiner and distributor Hunting (LSE: HTG) was 3.36 percent higher to 707.5p, while JKX Oil & Gas (LSE: JKX) was up 13.48 percent to 360p.





    August 7, 2007

    Xstrata lower on bid for Eland Platinum

    Filed under: Companies, Standard Chartered, Xstrata, Vodafone, Hammerson, Tate & Lyle, Liberty International, Minerva, Capita Group, Mouchel Parkman, Millennium & Copthorne Hotels

    The London equities markets saw strong gains Tuesday as the FTSE 100 added 1.93 percent to 6,308.8 and the FTSE 250 gained 2.15 percent to 11,235.2.

    There were only two losers on the FTSE 100 on the session.

    Food processor Tate & Lyle (LSE: TATE) was 0.54 percent lower to 558.5p, while miner Xstrata (LSE: XTA) fell 1.36 percent to £28.72 even though it said earnings were up 22 percent in the first half after it also made a $1 billion bid for South Africa’s Eland Platinum (JSE: ELD).

    Human resources company Capita Group had the best day on the 100 as it added 5.71 percent to 748.5p.

    Property investors did well on both the 100 and 250.

    Hammerson (LSE: HMSO) was up 4.51 percent to £12.24, while Liberty International (LSE: LII) gained 4.64 percent to £10.61 on the 100 and Minerva jumped 9.01 percent to 278.25p on the 250.

    Consulting engineers Mouchel Parkman (LSE: MCHL) had the best day on the 250, gaining 17.95 percent to 418.5p.

    Other gainers on the session included telecommunications group Vodafone (LSE: VOD; NYSE: VOD; FWB: VOD), which added 4.91 percent to 159.4p.

    In the banking sector, Standard Chartered gained 5.03 percent to £16.38.

    The biggest decliner on the day on the 250 was Millennium & Copthorne Hotels (LSE: MLC), with a drop of 10.55 percent to 518p.





    July 17, 2007

    Lonmin drops on reduced target share price

    Filed under: Companies, Lloyds TSB, Schroders, Rolls Royce, Lonmin, Barclay's, Tate & Lyle, Reed Elsevier, Gyrus, Inmarsat, Ashmore

    In London on Tuesday the FTSE 100 fell 0.58 percent to 6,659.1, while the FTSE 250 was 0.98 percent lower to 11,801.

    Food processor Tate & Lyle (LSE: TATE) had the best day on the FTSE 100, adding 4.81 percent to 599.5p on an upgrade from “neutral” to “buy” from Goldman Sachs (NYSE: GS).

    Meanwhile Inmarsat, the telecommunications satellite operator, gained 5.08 percent to 434p on the FTSE 250 for the best performance there.

    The biggest loser on the day on the 100 was Lonmin (LSE: LMI), which dropped 3.89 percent to £38.30 on the 100 after both Goldman Sachs (NYSE: GS) and Deutsche Bank (FWB: DBK; NYSE: DB) lowered the miner‘s target share price.

    On the 250, investment trust Ashmore dropped 3.51 percent to 268.25p for the worst day on the 250.

    Banks saw gains.

    Barclays Bank (LSE: BARC; NYSE: BCS; :TYO: 8642) was 0.48 percent higher to 732p, while Lloyds TSB (LSE: LLOY) gained 0.53 percent to 572p.

    Gyrus Group (LSE: GYG), which makes and sells surgical supplies, added 2.73 percent to 469.75p.

    Investment managers Schroders (LSE: SDR) fell 3.61 percent to £12.80, while its non-voting shares dropped 3.22 percent to £11.41.

    Rolls-Royce (LSE: RR) was 2.83 percent lower to 548.5p after Credit Suisse (NYSE: CS; SWX: CSGN) dropped its recommendation on the airplane engine maker from “outperform” to “neutral”.

    Meanwhile, Reed Elsevier (LSE: REL; Euronext: REN; NYSE: ENL; NYSE: RUK) fell 2.81 percent to 656p on the news that it is selling its Harcourt educational division to Houghton Mifflin.





    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.





    April 4, 2006

    FTSE 100 closes above 6,000 despite declines

    Filed under: Companies, Lloyds TSB, RBS, Northern Rock, BP, GlaxoSmithKline, Kazakhmys, Marks & Spencer, AstraZeneca, Barclay's, Severn Trent, Pennon Group, Tate & Lyle

    The London equities markets were mixed on Tuesday, with the FTSE 100 down and the FTSE 250 a bit higher, but the 100 still managed to close above the 6000 level, ending the session at 6,004.7 for a loss of 0.3 percent on the day. The FTSE 250, meanwhile, added 0.1 percent to 9,892.3.

    Pharmaceuticals were down after UBS downgraded GlaxoSmithKline and instead recommended AstraZeneca. GSM lost 1.5 percent to £15.00, while AstraZeneca dropped 0.2 percent to £29.00.

    With crude oil prices falling on the day, shares in oil companies were down as well. BP declined by 1.5 percent to 664½p in anticipation of a trading update due tomorrow.

    Banks were lower after it was reported that the New York Federal Reserve has ended a ban on any large mergers by Citigroup. The announcement led to rumors that Citigroup might look for a deal in the UK. Three possible targets - Barclays, Lloyds TSB, and Royal Bank of Scotland - all closed lower. Northern Rock was lower, as well, down 0.9 percent to £11.65 on a downgrade from “outperform” to “inline” from Fox-Pitt, Kelton.

    Tate & Lyle declined by 1.9 percent to 564½p on worries that its artificial sweetener Splenda might not be safe. The concerns were caused by a US lobbying group that asked the Food and Drug Administration to rescind its approval of the sweetener. T&L defended its product.

    Among gainers on the day were copper miner Kazakhmys, up 5.8 percent to £11.81, a record high share price. Meanwhile, retailer Marks & Spencer added 1.5 percent to 564½p.

    Water companies were up as well. Pennon added 2.3 percent to £13.54 on the report that Severn Trent will spin off its waste management business. Severn Trent was also up, by 6.3 percent to £11.97.





    Latest Equities News:

  • Wall Street ends lower despite rate cut

  • Asia-Pacific, Europe equities see declines

  • Hang Seng adds 10.72 percent on session

  • India’s Sensex drops 1,408 points on session

  • Australian markets drop for 9th straight day

  • Taiex gains on opposition win in parliamentary elections

  • Hang Seng drops nearly 400 points

  • Most Asia-Pacific markets drop on US recession worries

  • Tokyo declines on export worries

  • Asia-Pacific equities mixed on economic concerns

  • FTSE News copyright 2005 Central Consultants