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Aviva continues growth and injects £365m into pension deficit

News - Tuesday, May 11, 2010

Aviva (LON:AV) has confirmed a second consecutive quarter of growth in a statement released today which also confirmed the group will contribute £365m to narrow the reported £3bn deficit in its final salary pension scheme.

FTSE strong recovery led by banks on £625bn EU loan deal

News - Monday, May 10, 2010

Shares in the FTSE 100 have recovered from last week’s five-day plummet by climbing over five per cent today on the back of European finance ministers agreeing to a loan package to put an end to Greece’s debt crisis.

British Gas revels in freezing winter and boosts parent group Centrica

News - Monday, May 10, 2010

UK gas supplier Centrica (LON:CNA) has said the group’s outlook for full-year earnings remains positive following a “strong performance” from its residential brand, British Gas, with a seven per cent increase in gas usage in the first quarter due to a blisteringly cold winter.

FTSE slumps to fifth-day decline on hung parliament and euro debt concerns

News - Friday, May 07, 2010

The UK’s top index slumped to a fifth day low today as uncertainty over euro zone debt contagion and the confirmation of a hung parliament hammered stocks to a new two month low.

RBS cuts losses but Greek crisis keeps share price down

News - Friday, May 07, 2010

Royal Bank of Scotland (LON:RBS) today announced it was ‘on track’ with its turnaround by posting a net loss of £248m for the first three months of 2010 compared to the £902m figure for the same period in 2009. But despite the improvement in losses, the bank’s share price has been dragged down by the fears surrounding the Greek debit crisis.

Punch Taverns shares improve with new CEO appointment

News - Thursday, May 06, 2010

Punch Taverns (LON:PUB) has benefitted from the re-shuffle at the top at Marks & Spencer (LON:MKS) with former M&S Group Finance and Operations Director Ian Dyson taking over as the pub group’s CEO – a move that has excited investors and put the firm’s share price over seven per cent up today.

Morrisons share price tumbles as like-for-like sales growth dips

News - Thursday, May 06, 2010

The UK’s fourth largest supermarket, Morrisons (LON:MRW), has moved to the top of the FTSE 100 fallers today following the release of the group’s first quarter interim statement showing an end to its strong sales growth.

CSR heads strong performance from tech sector

News - Wednesday, May 05, 2010

CSR (LON:CSR), a leading microchip manufacturer for wireless devices, has reported a 114.6 per cent increase in revenue for the first quarter of 2010, putting the group’s share price up by over five per cent on a day that’s proving fruitful for many tech firms.

Concerns over consumer spending puts Next shares down

News - Wednesday, May 05, 2010

Next (LON:NXT), the UK’s second biggest clothing retailer, released an interim management statement this morning with a total increase in sales of 4.1 per cent in the 13 weeks up to 1 May. However, a ‘cautious’ outlook on consumer spending for the remainder of the year due to the budget deficit has put the high-street, catalogue and online retailer’s share price down by over four per cent.

Aer Lingus down in revenue and faces more losses due to ash cloud

News - Tuesday, May 04, 2010

The Icelandic volcanic ash cloud might seem like old news but, with flights from Northern Ireland being grounded again today because of fears of a return of the ash, Irish airline Aer Lingus (LON:AERL) could face huge losses after posting a 1.8 per cent revenue decrease for the first quarter of 2010 – not taking into account any of the losses inflicted by the volcanic ash cloud.

Mitchells & Butlers reported pub sell-off pushes share price up

News - Tuesday, May 04, 2010

Pub and restaurant chain giants Mitchells & Butlers (LON:MAB) has hit news headlines this morning with reports that the owner of Havester, All Bar One and Vintage Inns is plotting to sell 300 of its drink-focussed pubs to fund a switch in concentration to its restaurants business.

FTSE down 1.15 per cent, Barclays, mining stocks battered

News - Friday, April 30, 2010

The blue chip index moved down to a 2 month low today as investors took a negative view on banks with news that Goldman Sachs will be facing criminal charges causing concern. Markets are likely to remain skittish until Greece's debt situation is sorted out, hopefully across this weekend. The FTSE 100 closed down 64.55 points to 5,553.29.

Investors unimpressed with Barclays results, FTSE narrowly down

News - Friday, April 30, 2010

Barclays released its latest quarterly report today which left investors unimpressed with traders disappointed by slowing growth of Barclays' investment banking division. A profit of £1.82bn for Q1 2010 was not enough to keep the stock afloat, Barclays was down 5.09 per cent to 342.85p by 13:30 BST. By midday The FTSE 100 index traded down 0.45 per cent or 25.54 points at 5,594.75.

Rentokil revenue down in Q1 results but shares still up for the year

News - Friday, April 30, 2010

Shares in business services group Rentokil Initial (LON:RTO) dropped today after it released its first quarter trading update signalling a 3.7 per cent loss in revenue. But despite the shares being down as much as 4.67 per cent today, putting the group at the top of the FTSE 250 fallers, Rentokils stock has risen 15 per cent in the year to date.

Barclays profit up 29 per cent but shares down over 4 per cent

News - Friday, April 30, 2010

Despite recording a 29 per cent increase in profits for the first quarter of 2010, Barclays (LON:BARC) shares dropped 4.5 per cent by the time the market reopened this morning as investors were disappointed by a drop in investment banking income.

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