FTSE 100 weighed down by engineering stocks October 12, 2012 The leading blue chip index opened modestly down this morning, as enthusiasm over positive US jobs data was pared back by weak UK construction data. Engineering companies felt the pressure on the FTSE All-Share this morning. Materials group Morgan Crucible dropped 12.51 per cent this morning. It warned on profits across its businesses, with Europe [...]
FTSE 100 weighed down by engineering stocks October 12, 2012 The leading blue chip index opened modestly down this morning, as enthusiasm over positive US jobs data was pared back by weak UK construction data. Engineering companies felt the pressure on the FTSE All-Share this morning. Materials group Morgan Crucible dropped 12.51 per cent this morning. It warned on profits across its businesses, with Europe [...]
Burberry leads FTSE 100 up October 11, 2012 The blue chip index was up in early trading, led by fashion retailer Burberry and UK banking shares. The collapse of the merger talks between BAE and EADS and Direct Line’s £2.62bn float were the main talking points this morning. Nat Rothschild’s Bumi rose 15.35 per cent in early trading on the mid-cap index, as [...]
Burberry leads FTSE 100 up October 11, 2012 The blue chip index was up in early trading, led by fashion retailer Burberry and UK banking shares. The collapse of the merger talks between BAE and EADS and Direct Line’s £2.62bn float were the main talking points this morning. Nat Rothschild’s Bumi rose 15.35 per cent in early trading on the mid-cap index, as [...]
City welcomes relaxing of banking rules October 10, 2012 THE CITY reacted positively to the Financial Services Authority (FSA)’s easing of banking rules yesterday, sending shares in Britain’s major banks up, although experts warned that the moves could prove risky. The FSA has been relaxing rules on capital and liquidity in recent months to encourage banks to lend. Banks are now set a fixed level [...]
Cambridge Uni to raise £350m in a bond issue October 10, 2012 CAMBRIDGE University plans to make the most of the buoyant bond market to raise £350m to pay for upgrades to facilities. The 803-year-old establishment joins a growing number of universities tapping the capital markets for cash in recent years. Cambridge will issue 40-year notes with a 3.75 per cent coupon to fund investment in research [...]
FTSE 100 down on global growth concerns October 10, 2012 The leading blue chip index opened down this morning, consolidating losses overnight from the US and Asia on further warnings from the International Monetary Fund. Airline Flybe sank 4.85 per cent in early trading, while home shopping group N Brown fell 3.69 per cent. Shipping firm Anglo Pacific fell 3.2 per cent in early trading. [...]
IMF growth gloom and poor data in manufacturing send FTSE lower October 9, 2012 UK shares fell for a second session yesterday, dented by a wary view of Europe’s debt troubles and concerns that gloomy global economic data bodes ill for the upcoming corporate earnings season. Data showed manufacturing output shrank more than expected in August and exports fell steeply, pointing to deterioration both in the domestic and the [...]
Big Yellow agrees debt restructure October 8, 2012 Storage firm Big Yellow yesterday said it had taken out a £190m debt facility which had seen it cut back its borrowing. The new debt, from Lloyds, HSBC and Santander, replaces a £225m facility provided by the same three banks and HSH Nordbank. Big Yellow reported a £35.6m loss last year due to writedowns linked [...]
Big Yellow agrees debt restructure October 8, 2012 Storage firm Big Yellow yesterday said it had taken out a £190m debt facility which had seen it cut back its borrowing. The new debt, from Lloyds, HSBC and Santander, replaces a £225m facility provided by the same three banks and HSH Nordbank. Big Yellow reported a £35.6m loss last year due to writedowns linked [...]