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  • Igas Energy's net loss greater than expected on extraordinary items

    Wednesday 10 Jul 2013

    The onshore oil and gas exploration outfit which describes itself as being at the heart of the UK's shale revolution – Igas Energy – has today released its results for the fiscal year ended on March 31st 2013.

  • Broker snap: Goldman cuts target prices across mining sector

    Wednesday 10 Jul 2013

    Goldman Sachs has singled out Vedanta Resources and First Quantum Minerals (FQM) as 'buys', but has retained its cautious stance on the mining sector as a whole, cutting its target prices for most stocks under its coverage.

  • London open: Stocks edge higher ahead of FOMC minutes

    Wednesday 10 Jul 2013

    The FTSE 100 opened higher on Wednesday morning, though gains were only slight as investors turned cautious ahead of a statement from the Federal Reserve, hoping for indications of when the central bank will begin to taper stimulus.

  • Chinese exports point to economic slump, policy meeting now eyed

    Wednesday 10 Jul 2013

    June trade data released on Wednesday offered more signs that China's economy may be entering a slump.

  • Barratt Developments expects momentum to continue

    Wednesday 10 Jul 2013

    Barratt Developments said momentum is continuing to build and with forward sales up substantially, and is confident it can improve its performance still further in the year ahead.

  • Wednesday newspaper round-up: Royal Mail, China, M&S

    Wednesday 10 Jul 2013

    Union leaders have said the privatisation of Royal Mail would provoke a strike as they criticised plans by ministers to give 150,000 workers shares worth up to 2,000 pounds in the flotation of the company, The Times reported.

  • FTSE 100 movers: Burberry jumps after 'standout' first quarter

    Wednesday 10 Jul 2013

    Luxury fashion brand Burberry saw its share price jump on Wednesday after saying that it was pleased with its first-quarter retail performance as underlying revenues rose 18 per cent. Chief Executive Angela Ahrendts said that spring/summer 2013 was a ‘standout’ season.

  • Goldman Sachs and Investec go head-to-head over RBS

    Tuesday 09 Jul 2013

    Analysts at Investec and Goldman Sachs now agree that shares of Royal Bank of Scotland [RBS] are a buy, but differ markedly on whether a hypothetical break-up of the lender into a so-called good bank and a bad bank is the correct way to proceed.

  • London close: Stocks rise as investors shrug off IMF growth downgrade

    Tuesday 09 Jul 2013

    The FTSE 100 put in a decent performance on Tuesday, jumping around one per cent as investors shrugged off gloomy comments from the International Monetary Fund (IMF) and instead focused on progress in Greece and a strong start to US corporate earnings season.

  • FTSE 250 movers: Halfords, Countrywide, Bwin.party, Dechra

    Tuesday 09 Jul 2013

    Halfords Group was at the top of the FTSE 250 leaderboard on Wednesday after the UK retailer of car maintenance, cycling and touring products reported a 8.8 per cent rise in revenue for the 13 weeks to June 28th.

  • Sector movers: Miners boosted by metal prices, Alcoa results

    Tuesday 09 Jul 2013

    The mining sector as a whole was over three per cent higher on Tuesday as resource stocks tracked metal prices higher and reacted positively to a number of upbeat trading updates.

  • FTSE 100 movers: Fresnillo, RBS, Anglo American

    Tuesday 09 Jul 2013

    Precious metals group Fresnillo rose to lead mining companies higher on Tuesday as commodities advanced. Prices of metals including gold, silver and platinum climbed on the COMEX.

  • Broker tips: M&S, Pearson, Platinum miners

    Tuesday 09 Jul 2013

    Marks & Spencer is on the cusp of turning around its struggling General Merchandise (GM) division, according to Panmure Gordon which has maintained its 'buy' rating and 516p target price for the stock after a first-quarter trading update on Tuesday.

  • Broker snap: Investec upgrades Pearson to 'add'

    Tuesday 09 Jul 2013

    Investec has upgraded its rating for publishing and education group Pearson from 'hold' to 'add', raising its target price for the stock from 1,150p to 1,250p.

  • FTSE 250 movers: Ferrexpo jumps after production update

    Tuesday 09 Jul 2013

    Ferrexpo was the standout performer of the day on Tuesday, surging by nearly 14 per cent after a second-quarter production update. The iron ore producer said that group pellet output was up 11.4 per cent year-on-year in the first half, helped by the ramp up of production from the new Ferrexpo Yeristovo Mining (FYM) open pit.

  • London open: Miners give markets a boost

    Tuesday 09 Jul 2013

    Strong gains from mining and banking stocks ensured a strong open for the FTSE 100 on Tuesday morning as sentiment was lifted by improving hopes for the US economy and a bailout deal in Greece.

  • ICAP says trading is on track

    Tuesday 09 Jul 2013

    ICAP said it was on track to meet management expectations for full-year profit after activity in US Treasuries helped offset lower demand in other parts of its business.

  • London pre-open: Strong start expected early on

    Tuesday 09 Jul 2013

    A good start to US corporate earnings season and a deal in Greece was lifting sentiment on Tuesday morning, with the FTSE 100 expected to open with strong gains early on.

  • Interserve trading in line

    Tuesday 09 Jul 2013

    Support services and construction group Interserve said it has continued to perform well and in-line with expectations since its last update in May, despite mixed market conditions.

  • Tuesday newspaper round-up: Royal Mail, housing data, Alcoa

    Tuesday 09 Jul 2013

    Business Sectretary Vince Cable will announce on Wednesday that the public will be able to buy shares in Royal Mail in the biggest state privatisation for over two decades, The Telegraph reported.

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