Peter Payack Finance

ShareCast – Miner Xstrata said it expects a “significantly stronger” second half performance across the portfolio.

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ShareCast – Fashion retailer Next said it remains ‘very cautious’ on its second half outlook as it reported a 6% fall in first half underlying like-for-like sales.

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ShareCast – Bank Lloyds TSB saw profits for the first half slump as it took a £585m hit from the market dislocation.

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ShareCast – Builders merchant Travis Perkins posted a drop in half year profit and warned markets are expected to weaken further in 2008.

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ShareCast – London’s leading shares are expected to begin with good gains with traders predicting FTSE 100 will open up 57 points.

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ShareCast – Confectionery giant Cadbury revealed a 46% jump in first half profit and issued a confident outlook for the remainder of 2008.

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ShareCast – Car insurance group Admiral posted record profits for the half year, helping it to increase dividends by 26%.

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ShareCast – Inchcape shares may well do excellently in the next 12 months, but in line with Mr Lacroix’s own predictions that the UK market is going to be soft for the rest of this year and next, it is difficult to see the stock being a winner for investors. Sell, says the Independent. The Times says hold.

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ShareCast – Europe’s main markets recovered in afternoon trading to close with modest gains on better-than-expected US consumer confidence data.

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ShareCast – Falling oil prices, better-than-expected consumer confidence data and forecast beating results from United States Steel Corp had the Dow over 160 points higher by midday.

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