Editor's Picks
BoE 'hawk' Weale does not dismiss possible need for more QE
Thursday 22 Aug 2013
One of the inflation hawks on the Bank of England’s (BoE) Monetary Policy Committee (MPC) – Martin Weale – Wednesay evening told The Daily Telegraph that he “certainly envisages circumstances in which it would be sensible to undertake further asset purchases”.
Broker snap: HSBC downgrades Wood Group on 'benign' outlook
Thursday 22 Aug 2013
HSBC has downgraded its stance on Wood Group from 'overweight' to 'neutral' and cut its target price from 900p to 860p, citing a 'more benign medium-term outlook' for the energy services firm.
London open: Stocks rise as Chinese data offsets Fed uncertainty
Thursday 22 Aug 2013
London's FTSE 100 rebounded strongly from a six-week low on Thursday morning, snapping a three-day losing streak, after economic data showed a surprise return to growth in Chinese manufacturing activity.
Premier Oil's half-year profits rise as production grows
Thursday 22 Aug 2013
Premier Oil posted a 10.2 per cent rise in pre-tax profits for the first half on the back of an increase in operating cash flow and higher output.
FX round-up: Dollar rises as Fed confirms tapering plans
Thursday 22 Aug 2013
The dollar gained traction against major currencies as minutes from the last Federal Reserve monetary-policy meeting revealed officials are planning to start tapering stimulus measures later this year.
Kazakhmys posts half-year loss as copper prices fall
Thursday 22 Aug 2013
Kazakhmys reported a half-year loss as the copper producer was hit by lower metal prices and higher costs.
WH Smith on target for full year, focus on margins
Thursday 22 Aug 2013
Newsagent chain WH Smith said it expects full year results to be in line with market expectations as it continues focus on tight cost control and improving margins.
IMI posts 1pc rise in profits and anticipates 'good progress' in 2013
Thursday 22 Aug 2013
A boost to Severe Service orders helped engineering giant IMI deliver a modest rise in half year profits, figures out Thursday revealed.
London close: Taper concerns hit stocks ahead of Fed minutes
Wednesday 21 Aug 2013
London benchmark index dropped one per cent on Wednesday as investors trimmed positions and took cover ahead of the risk event of the week, the minutes of the Federal Open Market Committee (FOMC) meeting due out later this evening.
Thursday preview: IMI hoping for a strong second half
Wednesday 21 Aug 2013
Engineering firm IMI will hope that its impressive share-price- performance will continue on Thursday when it reports its first-half results.
FTSE 100 movers: IHG leads fallers after going ex-div
Wednesday 21 Aug 2013
Holiday Inn and Crowne Plaza owner InterContinental Hotels Group was a heavy faller on Wednesday, dropping over six per cent after going ex-dividend, meaning that new investors won't be able to get their hands on the company's latest dividend payment.
Broker tips: CRH, Standard Life, William Hill and Ladbrokes
Wednesday 21 Aug 2013
Citigroup has maintained its 'sell' rating for building materials group CRH saying that it struggles to see more upside even after a relatively subdued performance so far this year.
US close: Stocks slip on tapering uncertainty
Wednesday 21 Aug 2013
Fed on track to taper before year-end; Dow experiences longest losing streak in over a year; Staples slumps after missing forecasts, cutting guidance.
Broker tips: CRH, Standard Life, William Hill and Ladbrokes
Wednesday 21 Aug 2013
Citigroup has maintained its 'sell' rating for building materials group CRH saying that it struggles to see more upside even after a relatively subdued performance so far this year.
Broker snap: CRH's valuation looks full, says Citi
Wednesday 21 Aug 2013
Citigroup has maintained its 'sell' rating for building materials group CRH saying that it struggles to see more upside even after a relatively subdued performance so far this year.
London open: FTSE 100 slips as investors await Fed minutes
Wednesday 21 Aug 2013
The FTSE 100 fell into the red on Wednesday morning, hitting a fresh six-week low as investors nervously awaited the minutes of the latest Federal Reserve meeting.
Hochschild Mining suspends divi as falling prices hit earnings
Wednesday 21 Aug 2013
Shares in Hochschild Mining fell on Wednesday morning after the precious metals producer suspended its interim dividend as first-half results were hit by falling commodity prices.
Wednesday newspaper round-up: North Sea, India, Germany
Wednesday 21 Aug 2013
Oil production from the North Sea will slump by more than expected this year and be flat in the next, according to new estimates by Oil&Gas UK. Those revisions are the result of the latest data pertaining to the extent of the necessary maintenance and repair operations which will need to be carried out to keep ageing platforms active. Production is now thus expected to average 1.3m barrels a day
Shake-up at the top for African Barrick Gold as CEO resigns
Wednesday 21 Aug 2013
African Barrick Gold's (ABG) Chief Executive Officer (CEO) Greg Hawkins has resigned to 'pursue other opportunities' and will be succeeded with immediate effect by industry veteran Bradley Gordon, the FTSE 250 group announced on Wednesday.
US open: PIMCO highlights potential sources of risk for equities
Wednesday 21 Aug 2013
- PIMCO’s El Erian calls attention to risks for stock market
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