The City stockbroker Northland Capital Partners has been thrown into turmoil by the departure of its UK chairman and managing director.
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Thursday 30 September 2010
A glimmer of hope for the troubled US housing market lifted Wolseley as the FTSE 100 struggled to find direction last night. The plumbing and heating products group claimed pole position on the benchmark index, adding more than 6 per cent, or 96p, to 1,591p on the back of new US mortgage data.
Monday 13 September 2010
Terry Smith, the City of London veteran, is planning to launch a fund management company and is likely to step down from financial services group Collins Stewart before the new venture starts.
Saturday 28 August 2010
During my two weeks' absence – attending a granddaughter's wedding in Hungary – hopes have mounted that at least some of the old takeover momentum is returning. But with share turnover remaining in the doldrums, there has been little evidence of increased investor excitement. Still, it's been a fairly busy time for five constituents (and a former member) of the no pain, no gain portfolio. Pride of place must go to Mears, the support services group, which justified its comments that it had not experienced the difficulties that have so severely damaged its arch rival, Connaught.
Saturday 14 August 2010
Vedanta Resources is set to spend around $8bn-$8.5bn on a deal to buy a controlling stake in Cairn India, which operates the largest producing oilfield in the country's private sector.
Friday 13 August 2010
Friday 30 July 2010
AstraZeneca pleased the market with a triple dose of good news yesterday as it won endorsement in the United States for its new blood-thinning drug Brilinta, reported strong results and doubled its share buyback programme.
Wednesday 28 July 2010
The board of Tomkins yesterday backed a £2.9bn takeover bid from a consortium of Canadian investors, putting management on collision course with at least one of its biggest shareholders.
Tuesday 27 July 2010
BP's new chief executive today pledged to put the oil giant "on the road to recovery" as it reeled under a 32.2 billion US dollar (£20.8 billion) blow from the Gulf of Mexico disaster.
Tuesday 27 July 2010
Babcock International was under pressure amid worries about the impact of public spending cuts last night. The defence services group fell by 11p to 597p after Bank of America Merrill Lynch warned that, with the bulk of its revenues related to the public sector, Babcock's margins may be squeezed in an age of fiscal austerity.
Friday 23 July 2010
Thursday 22 July 2010
The online grocer Ocado faced further humiliation yesterday on its debut on the stock market, as its chief executive launched a vigorous defence of the business.
Wednesday 21 July 2010
Wednesday 21 July 2010
The telecoms group Cable & Wireless Worldwide (CWW) shocked the market yesterday as it warned that the coalition Government's spending cuts would hit its profits.
Wednesday 14 July 2010
The return of bid rumours and the prospect of higher revenues underpinned ARM as the FTSE 100 booked its sixth consecutive session of gains last night.
Saturday 10 July 2010
Antofagasta led the way last night as the FTSE 100 rounded off its best week in a year. The Chilean copper miner rose by 34.5p to 886p, while its sector peer Anglo American gained 10p to 2,422p after Goldman Sachs advised investors to pile in ahead of a surge in metals prices.
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