Editor's Picks
Apple shares reach record high
Wednesday 20 Aug 2014
Apple shares closed on Tuesday at a record high, as investors expect new products to boost revenue growth.
Antofagasta appoints new CEO as chairman takes non-exec role
Wednesday 20 Aug 2014
Mining giant Antofagasta has promoted mining division chief Diego Hernández as its new chief executive officer (CEO) and announced its executive chairman is set to take step back from operations.
London pre-open: FTSE to drop into the red amid profit taking
Wednesday 20 Aug 2014
UK stocks look set to move lower at Wednesday's opening bell, with some analysts putting the drop down to a modest round of profit taking following a strong start to the week.
Glencore unveils $1bn buyback as first-half profits rise
Wednesday 20 Aug 2014
Mining and trading giant Glencore reported an 11% increase in its interim dividend and unveiled a $1bn share buyback after profits rose in the first half of 2014.
Balfour Beatty rejects Carillion offer and critiques value calculations
Wednesday 20 Aug 2014
As expected, construction group Balfour Beatty rejected a merger offer from rival Carillion as not in its shareholders' best interests, noting that Tuesday's third offer was only a "small value change" from the preceding bid.
IS militants claim to have killed kidnapped US journalist
Wednesday 20 Aug 2014
Islamic State (IS) militants circulated a video online on Tuesday which showed the beheading of a man they claimed to be James Foley, an American photojournalist who was kidnapped in Syria two years ago.
Few options left for Carillion after another Balfour rejection, says Liberum
Wednesday 20 Aug 2014
There is little left that Carillion can do ahead of the 'put up or shut up' deadline in its pursuit of infrastructure specialist Balfour Beatty, according to analysts at Liberum Capital, after the latter rejected a sweetened proposal from the construction group on Wednesday.
FX round-up: Euro/dollar, at nine-month lows, may be headed lower
Wednesday 20 Aug 2014
The US dollar notched nine-month highs versus the European single currency in the wake of stronger-than-expected data on US housing starts on Tuesday.
US close: Retailers, US inflation data boost stocks
Wednesday 20 Aug 2014
US stocks gained as investors weighed solid earnings from retailers and reports on inflation and housing starts.
Bonds: Some economists still expect hike in Bank Rate in Q4
Wednesday 20 Aug 2014
The following were the yield and basis point (bp) movements of some of the most-watched 10-year bonds this afternoon:
Wednesday tips round-up: BHP Billiton, CRH
Wednesday 20 Aug 2014
As the Financial Times' Lex column would have it, the heads of BHP Billiton may yet stand accused of imperial overreach in the eyes of shareholders. As the man on the street would put it, bigger is not always better. To address the situation the company has announced its intention to demerge assets spread over four continents, including the two largest silver and manganese mines on the planet.
StanChart confirms US fine and compliance monitoring extension
Wednesday 20 Aug 2014
UK bank Standard Chartered has been fined $300m (£181m) by US regulators and will need to enhance surveillance of its transactions as well as face an extension to current compliance monitoring.
London pre-open: FTSE to drop into the red amid profit taking
Wednesday 20 Aug 2014
UK stocks look set to move lower at Wednesday's opening bell, with some analysts putting the drop down to a modest round of profit taking following a strong start to the week.
Balfour Beatty rejects Carillion offer and critiques value calculations
Wednesday 20 Aug 2014
As expected, construction group Balfour Beatty rejected a merger offer from rival Carillion as not in its shareholders' best interests, noting that Tuesday's third offer was only a "small value change" from the preceding bid.
Wednesday newspaper round-up: Balfour/Carillion, Apple, StanChart...
Wednesday 20 Aug 2014
Balfour Beatty is poised to reject a third merger offer from Carillion as hopes for the creation of a £3 billion construction "powerhouse" fade. Sources said the construction group headed by Steve Marshall, the under-fire chairman, is likely to reject Carillion's offer as the new proposal failed to address Balfour's two key concerns regarding the sale of its Parsons Brinckerhoff unit and the
IS militants claim to have killed kidnapped US journalist
Tuesday 19 Aug 2014
Islamic State (IS) militants circulated a video online on Tuesday which showed the beheading of a man they claimed to be James Foley, an American photojournalist who was kidnapped in Syria two years ago.
FX round-up: Euro/dollar, at nine-month lows, may be headed lower
Tuesday 19 Aug 2014
The US dollar notched nine-month highs versus the European single currency in the wake of stronger-than-expected data on US housing starts on Tuesday.
US close: Retailers, US inflation data boost stocks
Tuesday 19 Aug 2014
US stocks gained as investors weighed solid earnings from retailers and reports on inflation and housing starts.
Netanyahu orders attack in retaliation for missile strikes
Tuesday 19 Aug 2014
The Israeli military says three rockets were fired from Gaza and struck near southern city of Beersheba, but no casualties were reported as yet, Israeli news website Ynetnews reports.
US air strikes help Iraq army to secure dam
Tuesday 19 Aug 2014
Kurdish and Iraqi forces dealt Islamic State (IS) militants a severe blow by recapturing the Mosul Dam on Monday.
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