Leading shares stay lower
At the time of writing the FTSE was trading at 4019.59, down 294.21 points
The DOW tumbled below the 9,000 mark for the first time since August 2003 losing 7.3% in the process. Finance ministers from the G7 leading industrial countries are set to meet in Washington to discuss the crisis. US President George W Bush is due to make an address to the American people later in the day.
Companies reporting in London today include Admiral, Renishaw and Printing.com
Motor insurance group Admiral said it was on track to hit or exceed analysts’ consensus profit estimates for 2008. It has seen premium income and vehicles insured grow at a double digit pace.
Obviously financials will be in focus again today, but energy stocks could also feature as oil prices fell back by $4 to $82.5 a barrel. Miners will also see pressure again as base metals prices slid.
According to the Daily Mail, Philip Green, the owner of Bhs has taken a 3% stake in Sainsbury’s for around £125m.
Iberia has taken full advantage in the drop in British Airways share price by more than doubling its stake to 7.3% over the course of the last 3 weeks according to the FT.
Renishaw, the world leader in metrology and spectroscopy, with research, development, manufacturing, sales and service operations in more than 30 countries, has seen Q1 revenues up 24%.
It remains encouraged by its order book and says its performance was helped by weakness in sterling.
Previous
Blogs: Trading Floor | Coffee House | Clive Davis | Melanie Phillips | Stephen Pollard
Actions: Print this article | Email to a friend | Permalink | Comment
Post this entry to: del.icio.us | Digg | Newsvine | NowPublic | Reddit
Advertisement
A new job for the IMF: as global policeman
Elliot Wilson 26/11/2008 Elisabeth Jeffries 26/11/2008General Motors must be allowed to crash
Matthew Lynn 26/11/2008‘These clouds will have a silver lining’
Judi Bevan 19/11/2008sponsored links
Nissan Family Cars - Book a Test Drive Online
Take advantage of unbeatable Nissan value. Book a test drive today.
Nissan Family Cars - Book a Test Drive Online
Take advantage of unbeatable Nissan value. Book a test drive today.
ROME CENTRE
PORTA METRONIA, ROME Standing high on the top of one of the seven hills of Rome- the Coelian- this unique
City Breaks. ROME and PARIS
ROME and PARIS: over 350 holiday rentals apartments listed: visit www.romanreference.com and www.parisreference.com or call +39 0648 903612.
Jewellery. RUFFS (Estd. 1904).
Goldsmiths by Design Welcome to Ruffs! You have found a company of Goldsmiths that specialises in the manufacture, amongst other
Spectator Business | Apollo Magazine
Corporate | Advertising | Privacy | Terms
Spectator, 22 Old Queen Street, London, SW1H 9HP
All Articles and Content Copyright ©2008 by The Spectator | All Rights Reserved