FTSE sunk by BP’s oil slick woes June 8, 2010 Britain’s FTSE 100 share index fell yesterday, led down by energy shares as BP dropped again on fresh Gulf of Mexico oil slick worries and banks which were hit by Eurozone debt concerns and the threat of punitive taxes. By the close the FTSE 100 was off 40.91 points, or 0.8 per cent at 5,028.15 [...]
Aggreko set for a World Cup windfall June 8, 2010 TEMPORARY power supplier Aggreko predicted better than expected annual results yesterday, thanks to lucrative contracts to power events like the 2010 World Cup. The FTSE 100 company said in a trading update that revenues will grow by around 10 per cent, and pre-tax profit by about 20 per cent. The firm said it expects to [...]
Bernanke’s bullishness boosts US June 8, 2010 US stocks mostly rose in volatile trading yesterday, led by materials and financial shares, but investors shied away from big-cap technology shares on concerns about their European exposure. The Dow Jones industrial average gained 123.49 points, or 1.26 per cent, to 9,939.98. The Standard & Poor’s 500 Index rose 11.53 points, or 1.10 per cent, [...]
Airbus signs $11bn A380 deal June 8, 2010 AIRBUS celebrated yesterday after receiving a record breaking order from Emirates Airline for 32 A380 planes worth $11.5bn (£8bn). The deal, the largest of its kind yet, was signed in Berlin by the airline’s chief executive and chairman Sheikh Ahmed Bin Saeed Al-Maktoum and Airbus president and chief executive Tom Enders. The signing was witnessed [...]
FTSE reshuffle sees new floats dominate the index June 8, 2010 TOUR operator Thomas Cook is set to lose its place in the FTSE 100 Index following the latest reshuffle of blue-chip stocks. The firm’s shares have fallen by a third in the past three months as the travel industry copes with the recession and Iceland’s volcanic ash cloud. The result of the reshuffle will be [...]
AirAsia to shed its long haul business ahead of a 2011 initial public offering June 8, 2010 MALAYSIAN budget airline, AirAsia is planning to publicly list its long haul business next year as the company undergoes a restructuring. AirAsia X, the long haul arm, said yesterday it is gearing up for an initial public offering during the second half of next year, subject to market conditions, in a bid to fund further [...]
ANALYST VIEWS: WHAT DOES THE TRADING UPDATE MEAN FOR AGGREKO? June 8, 2010 PAUL JONES | PANMURE GORDON “It’s difficult to give enough superlatives about how well Aggreko is performing. They have a business that performs extremely well to satisfy both short and long term power demands. There is a lack of investment in power infrastructure in some of their markets and wind and hydroelectric power are unpredictable, [...]
Umeco’s profits take a hit June 8, 2010 Aerospace parts supplier Umeco saw adjusted pre-tax profits drop by almost 13 per cent last year after taking a significant hit from the recession. The UK-based company said profits fell to £24.9m from £28.5m during the year after declining business levels hit its composite arm, which supplies parts to the automotive, marine and wind energy [...]
Bridges Wharf £275m purchase June 8, 2010 London & Stamford Property has exchanged contracts with Weston Homes to buy the remaining 57 residential units at Bridges Wharf on the Southbank of the River Thames next to Battersea Heliport. The acquisition also includes 57 car parking spaces. London & Stamford is acquiring a long leasehold interest in the apartments and the car parking [...]
Henderson Global raises £90m June 8, 2010 Henderson Global Investors yesterday achieved a successful first closing of the Henderson Central London Office Fund II, having raised £90m of capital from a number of European and North American institutional investors, providing it with around £200m for acquisitions.
