Market overview: FTSE 100 down 32

Posted: under Uncategorized.

ShareCast - 1630: close London's leading shares finished in the red. Sainsbury was the major faller, retracing the gains posted yesterday on speculation Qatari investors are looking to build on their current 26% stake in the supermarket. Fashion label [...]
Read the rest of this entry »

Comments (0) Oct 16 2009

Bank of America, GE results knock European shares

Posted: under Uncategorized.

AFP Journal Internet - LONDON, Oct 16 (Reuters) - Disappointing third-quarter results from Bank of America (NYSE: IKJ - news) and General Electric (NYSE: GE - news) and weak U.S. consumer sentiment survey dragged European shares lower on Friday from a [...]
Read the rest of this entry »

Comments (0) Oct 16 2009

FTSE 250 movers: National Express bid hits the buffers

Posted: under Uncategorized.

ShareCast - Shares in National Express have come crashing down after the consortium stalking the rail and bus firm dropped its interest in making a bid for the bus and train group, which is now considering a sizeable rights issue to help repair its balance [...]
Read the rest of this entry »

Comments (0) Oct 16 2009

Trader 'used Chinese food code' for share deals

Posted: under Uncategorized.

A work experience student at a City bank is alleged to have sent coded messages to his father telling him to buy Chinese food hours before the father bought shares in three companies that were about to make major announcements, a court heard today.<img [...]
Read the rest of this entry »

Comments (0) Oct 16 2009

INVESTOR PROFILE-Harding's hedge fund thrives on surprise

Posted: under Uncategorized.

AFP Journal Internet - By Laurence Fletcher LONDON, Oct 16 (Reuters) - The collapse of Lehman Brothers (NYSE: LEH - news) and Bear Stearns (BSC - news) last year were the biggest financial shocks for decades, hurting investors around the world.

Comments (0) Oct 16 2009

Market overview: FTSE 100 down 39

Posted: under Uncategorized.

ShareCast - 1506: London's blue chips continued to move lower after the Dow Jones dropped below the 10,000 mark in early dealings on Friday as investors consider disappointing third quarter results from a number of US blue chips. FTSE 100 is down 39 points [...]
Read the rest of this entry »

Comments (0) Oct 16 2009

Mattel sales fall as Barbie's attraction wanes

Posted: under Uncategorized.

Mattel, the world’s largest toy maker, reported a 3.5 per cent fall in earnings, resulting in part from weak sales of its Barbie doll and a lack of toys based on film and television characters.<img width='1' height='1' src='http://feeds.timesonline.co [...]
Read the rest of this entry »

Comments (0) Oct 16 2009

London afternoon: Stocks remain lower

Posted: under Uncategorized.

ShareCast - London's blue chips are still in the red in midday dealings after the Dow dropped more than 100 points in the US.

Comments (0) Oct 16 2009

Market overview: FTSE 100 down 20

Posted: under Uncategorized.

ShareCast - 1425: Footsie is still stuck in the red ahead of the US open. Fashion label Burberry and supermarket Sainsbury's have run into profit-taking after good gains yesterday. FTSE 100 down 20 at 5,202.

Comments (0) Oct 16 2009

GE earnings plunge 42% on UK mortgage losses

Posted: under Uncategorized.

Losses on General Electric’s British mortgages continued to drag down the performance of the company’s finance unit, contributing to an overall 42 per cent decline in quarterly earnings.<img width='1' height='1' src='http://feeds.timesonline.co [...]
Read the rest of this entry »

Comments (0) Oct 16 2009