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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Friday 29 August 2008
The FTSE 100 was up 22.2 points at 5623.4 and the FTSE 250 was up 90.6 points at 9362.3 at 11.50am today. Bradford & Bingley was down 1.75p at 48.5p after posting interim results, which Collins Stewart said were “were little short of appalling”. “Looking forwards, guidance is for margins to continue falling and [for] arrears [to] continue rising. Earnings outlook is therefore very weak. The margin issue is both the lack of ability to write new business currently available at higher margins, at least in part due to funding constraints, in our view,” the broker added.
Friday 29 August 2008
Beleaguered lender Bradford & Bingley today said it had crashed into the red in the first half of 2008, after credit crunch losses and rising bad debts.
Friday 22 August 2008
The FTSE 100 was up 57.3 points at 5427.5 and the FTSE 250 was up 120.7 points at 9059.8 at 11:41 on Friday morning.
Saturday 16 August 2008
Michael Page has pulled out of talks with Adecco after three months, rejecting its rival's attempt to take control with an offer that values the group at £1.3bn as "materially undervaluing the company".
Sunday 10 August 2008
Indian financial services group JM Financial is believed to have joined the bidding fray for City broker Collins Stewart, which reports first half profits this week.
Thursday 07 August 2008
Collins Stewart is in talks with a foreign suitor that could lead to Britain's biggest independent stockbroker being taken over.
Sunday 03 August 2008
Thursday 31 July 2008
Cadbury, the confectionary group, has revealed that it is to conduct a review of its global cost base, as it posted a 28 per cent rise in first-half pre-tax profit and robust sales of Cadbury's Dairy Milk, Trident sugarless chewing gum and the new Creme Egg Twisted Bar.
Thursday 24 July 2008
The FTSE 100 was down 46.8 points at 5403.1 at 12:04 pm. Weaker commodity prices continued to weigh on the resource stocks, which proved a drag on the benchmark index. Tullow Oil was among the worst off, down over 6 per cent or 46p at 719.5p.
Thursday 24 July 2008
The media group Daily Mail & General Trust suffered another sharp fall in advertising sales over the past three months, as the UK's economic slowdown continued to hit its newspaper groups.
Saturday 19 July 2008
A vote of confidence from Collins Stewart boosted Daily Mail & General Trust, the newspaper publisher which gained more than 5 per cent, or 16.25p, to 331.5p.
Wednesday 09 July 2008
Shares in Bradford & Bingley tumbled another 19 per cent yesterday amid the first signs that the bank's troubles were unnerving its savers.
Saturday 05 July 2008
Angry shareholders railed against Texas Pacific Group yesterday in the wake of its shock decision to pull its £179m investment in Bradford & Bingley.
Wednesday 25 June 2008
Aquarius Platinum was firm yesterday after market rumours mooted the possibility of bid interest from Xstrata, the acquisitive Anglo-Swiss mining giant.
Tuesday 24 June 2008
The FTSE 100 was down 56.9 points at 5610.3 points at 11.43am on Tuesday. The FTSE 250 was also down and lost 136.3 points to 9184.3.
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