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London open: Quiet start despite Wall St rally

Wed, 03rd Feb 2010 08:50

Hopes of a strong start have been dashed with Footsie limping along at present even though Wall Street posted its second triple-digit gain in two gains overnight.Data search software Autonomy reported fourth quarter and full year figures that were in line with expectations and gave a confident outlook for 2010. Revenues for the fourth quarter rose 53% to $223.1m, while adjusted net profits were $80.5m compared with $53.5m last year.Power supplier Scottish & Southern Energy is on course for a 'moderate increase' in underlying profits this year, while the dividend for the year will be at least 70p, a 6% hike. Over the nine months to December the number of electricity and gas supply customer accounts in the Great Britain market increased by 200,000 to 9.2m. Life assurance firm Standard Life announced a 'significant increase' in flows and sales in the fourth quarter. Life and pensions net inflows more than tripled to £1.3bn from £0.4bn a year earlier. Life and pensions sales of £4.2bn were a sizeable improvement on both the prior year (£3.2bn) and the third quarter (£3.0bn).Hot on the heels of Tuesday's engine order from Sichuan Airlines, Rolls-Royce has announced another engine order, this time from Turkish Airlines. The contract is worth up to $170m to Rolls-Royce.Ex-dividends are proving a drag with AstraZeneca and Carpetright both knocked back. The carpet retailer also reported sales overall rose by 7% recently despite problems with cold weather. UK and Ireland were the star turns with the sales in the 13 weeks to January up 7.7%, with like-for-like sales up 2.3%. A net four stores opened, increasing the total to 5,942.Mining giant Eurasian Natural Resources (ENRC) said production volumes in the three month ended 31 December further improved on the levels of the previous quarter, in line with expectations. Ferrochrome production increased 56.7% compared to last year and 5.7% from the previous quarter. Output increased to 351,000 tonnes during the period from 224,000 tonnes last year. Iron ore extraction was up 74.1% year-on-year, while saleable ore jumped 79.5%.Educational and financial information publisher Pearson has snapped up Medley Global Advisors, a company that provides macro intelligence to the world's leading investment banks, hedge funds and asset managers. PartyGaming, which owns the PartyPoker.com online gambling site, said fourth quarter sales surged 32% from the year before and it remains confident about the full year outlook.
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6 Jul 2010 07:46

PartyGaming poker loses out to World Cup

The World Cup in South Africa has hit PartyGaming's poker business harder than expected, knocking quarter on quarter revenue by 2%, though there's excitement at the prospect of industry consolidation. Revenue, now published in euros, would have fallen between 6% and 7% quarter on quarter in dollar

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6 Jul 2010 07:28

UK MARKET TALK ROUNDUP: BROKERS COMMENTS

Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, markets.eu@dowjones.com Contact us in London. +44-20-7842-9464 Markettalk.eu@dowjones.com 0628 GMT [Dow Jones] PartyGaming's (PRTY.LN) trading update for the second quarter is better than expected, Numis Securities

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6 Jul 2010 07:28

MARKET TALK: PartyGaming 2Q Better Than Expected - Numis

0628 GMT [Dow Jones] PartyGaming's (PRTY.LN) trading update for the second quarter is better than expected, Numis Securities analyst Wyn Ellis says. Adds the group's statement that it is committed to play an active role in sector consolidation will go down well with investors. Has a buy rating and 4

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6 Jul 2010 07:21

PartyGaming Trading In Line, 2Q Revenue Up

By Simon Zekaria Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K.-listed gambling group PartyGaming PLC (PRTY.LN) Tuesday said that it is trading in line with expectations, with second-quarter revenue expected rise 28% year-on-year boosted by the Cashcade and World Poker Tour acquisitions an

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2 Jul 2010 09:26

UK MARKET TALK ROUNDUP: SHARES GAINING

Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, markets.eu@dowjones.com Contact us in London. +44-20-7842-9464 Markettalk.eu@dowjones.com 0826 GMT [Dow Jones] Liberum cuts PartyGaming (PRTY.LN) target to 330p from 380p on recent negative news flow. Also says t

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2 Jul 2010 09:26

MARKET TALK: Liberum Cuts PartyGaming Price Target

0826 GMT [Dow Jones] Liberum cuts PartyGaming (PRTY.LN) target to 330p from 380p on recent negative news flow. Also says the 2Q trading statement could prompt further downgrades so the shares could remain weak in the short term. Says the company faces currency issues and ongoing competitive pressure

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28 Jun 2010 16:24

London close: Miners lift Footsie

London's top stocks ended Monday's trading session with modest gains thanks to strong mining stocks. Footsie traded in and out of the blue during the day, largely mirroring the performance of BP's share price. The massive clean-up operation in the Gulf of Mexico continues and has now cost BP $2.65

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28 Jun 2010 14:16

London afternoon: Miners prop up Footsie

The Footsie has been in retreat since shortly after ten this morning and dipped back into the red over the lunchtime session before limping back into positive territory, helped by the strength of mining stocks. The Footsie's performance largely mirrors that of the share price of oil giant BP, which

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28 Jun 2010 12:55

FTSE 250 movers: Oil find boosts Premier

Premier Oil is leading the FTSE 250 risers after a successful drilling result at its 35% owned Catcher East 28/9 licence in the UK Central North Sea. The estimated find of 300m recoverable barrels is the biggest in the North Sea for years and could be worth over £7bn. Partners Encore and Nautical al

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28 Jun 2010 12:14

London midday: Oils lift indices

Markets are higher after some better news from BP in the Gulf of Mexico and on reflection of the outcome of the latest G20 summit. The massive clean-up operation in the Gulf of Mexico continues and has now cost BP $2.65bn (£1.75bn). The oil giant is stopping almost 23,000 barrels of oil from leakin

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28 Jun 2010 08:53

London open: Hangover carries into Monday

Markets are struggling for direction this morning, with traders still probably dissecting the disappointment of yesterday, which could take some time. Renewed pledges from the G20 meeting to force banks to keep a lot more capital have also hit sentiment while Standard Chartered's comment that inco

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28 Jun 2010 08:41

UK MARKET TALK ROUNDUP: BROKERS COMMENTS

Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, markets.eu@dowjones.com Contact us in London. +44-20-7842-9464 Markettalk.eu@dowjones.com 0741 GMT [Dow Jones] PartyGaming (PRTY.LN) has been awarded a French gaming licence, showing more progress in new markets, sa

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28 Jun 2010 08:41

MARKET TALK: France Offers Opportunity For PartGaming

0741 GMT [Dow Jones] PartyGaming (PRTY.LN) has been awarded a French gaming licence, showing more progress in new markets, says KBC Peel Hunt. Says France is an exciting opportunity for PartyGaming, despite the short-term marginally negative impact on revenues. Says this licence extends the bridgehe

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28 Jun 2010 08:09

MARKET TALK: PartyGaming French License To Open Up Key Market

0709 GMT [Dow Jones] France is likely to become a key market for online operators, now that PartyGaming (PRTY.LN) has been offered a French gaming license, says Shore Capital. As a result sees significant growth potential, although the current tax regime implemented by French regulators will likely

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28 Jun 2010 08:09

UK MARKET TALK ROUNDUP: BROKERS COMMENTS

Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, markets.eu@dowjones.com Contact us in London. +44-20-7842-9464 Markettalk.eu@dowjones.com 0709 GMT [Dow Jones] France is likely to become a key market for online operators, now that PartyGaming (PRTY.LN) has been of

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