Shares News

PARIS (AFX) - Share prices closed flat, retreating from earlier gains, as pre-weekend profit-taking offset positive sentiment sparked by stronger-than-expected US consumer spending and earnings figures, dealers said. The CAC-40 index finished up 2.63 points, or 0.05 pct, at 5,634.16, on a volume of 4.7 bln euro. Among CAC-40 stocks, 15 closed higher, two were unchanged and 13 closed lower. On t ...

LONDON (AFX) - Leading shares ended a volatile session lower as weakness in heavyweight Vodafone and insurer Resolution was compounded by a down turn on Wall Street, dealers said. At the close the FTSE 100 index was 16.2 weaker at 6,308.0, in-line with wider market. Volume was solid with 3.2 mln shares changing hands in 515,506 deals. Meanwhile, Wall street reversed earlier gains to trade lower ...

NEW YORK (AP) - Newspaper publisher McClatchy Co. paid its chairman and CEO Gary Pruitt compensation in 2006 valued at $5.5 million, according to a regulatory filing Friday. Pruitt received a salary of about $1.1 million; a bonus of $1 million and non-equity incentive plan compensation of $950,000, according to a filing with the Securities and Exchange Commission. Pruitt, 49, also received other ...

LONDON (AFX) - UK hedge fund manager Man Group PLC confirmed it plans to demerge its brokerage subsidiary, Man Financial, and said its annual profit is on track to meet City forecasts. In a statement, Man said it aims to float a majority stake in Man Financial on the New York Stock Exchange during the third quarter of 2007, with the net proceeds to be returned to shareholders. The business will  ...

LONDON (AFX) - Leading shares remained under pressure midafternoon as sharp falls in heavyweight Vodafone and insurer Resolution offset a positive start on Wall Street, dealers said. At 3.30 pm, the FTSE 100 index was 20.5 points weaker at 6,303.5, in contrast with the positive wider market. Volume was solid with 2.2 mln shares changing hands in 404,894 deals. Meanwhile, Wall Street eeked out e ...

LONDON (AFX) - ITV, the UK's biggest commercial broadcaster, and Setanta Sports confirmed they have won the rights to broadcast the English FA Cup and England's home international matches. In a statement, the Irish pay-TV group said the joint deal will last for four years, starting from August next year. The BBC and satellite broadcaster BSkyB had previously shared the rights to the two sports p ...

PARIS (AFX) - Share prices picked up in afternoon trading, coming off earlier losses marked by profit taking, as investors reacted to opening gains in the US where the markets were lifted by stronger-than-expected figures for consumer spending and earnings, dealers said. At 4.24 pm the CAC-40 index was up 25.44 points or 0.45 pct at 5, 656.97 on volume of 3.1 bln eur. On the Matif, CAC-40 future ...

ST. PAUL, Minn. (AP) - US BioEnergy Corp., which makes ethanol and distillers grains, said Friday it swung to a profit in the fourth quarter, as the newly public company significantly increased its production capacity. Earnings for the quarter ended Dec. 31 totaled $21 million, or 35 cents per share, compared with a loss of $3.2 million, or 12 cents per share during the same period in 2005. Reven ...

Daily Mail30 March 2007 Daily Mail's Analysis column, edited by Ian Lyall, is published several times a week. See Friday's recommendations below and don't miss share tips from other newspapers this week... OTHER STORIES Boots bid raised to £10bn Market report: Friday latest Yesterday's trading: Bonuses bite Bridgewell New Star boss bags £154m payout Gatwick bid war loom ...

City Focus by Alex Brummer, Daily Mail30 March 2007 There's nothing like a good catastrophe to improve the prospects of Lloyd's of London. The Katrina disaster of 2005, which dragged it into the red, has been followed by a bumper year that left its coffers overflowing with profits of £3.7bn. COUNTING THE COST: Devastation from Hurricane Katrina cost billions of dollars to clear up OTHER STORIES Boots bid raised to £10bn Market report: Friday latest Yesterday ...