Editor's Picks
Royal Mail’s 3.0bn-pound IPO gathers momentum
Wednesday 29 May 2013
The government has revealed that the flotation of the Royal Mail will be led by investment banks Goldman Sachs and UBS.
Retail sales plummet and investment plans trimmed
Wednesday 29 May 2013
Retail sales in May fell at their fastest rate for 16 months, leading firms to cut back planned investment for the year ahead.
Germany sees unemployment spike as economy continues to stumble
Wednesday 29 May 2013
Unemployment in Germany rose by more than four times analysts' forecasts this month even though the headline jobless rate remained unchanged, according to data published by the government statistics office on Wednesday.
Broker tips: De La Rue, Bodycote, Michael Page
Wednesday 29 May 2013
Investec has upgraded its rating for banknote maker De La Rue from 'add' to 'buy' following the company full-year results on Wednesday, with the broker saying that the company is in 'increasingly good shape'.
Broker snap: Investec upgrades De La Rue to 'buy'
Wednesday 29 May 2013
Investec has upgraded its rating for banknote maker De La Rue from 'add' to 'buy' following the company full-year results on Wednesday, with the broker saying that the company is in 'increasingly good shape'.
London open: Chinese slowdown fears hit stocks early on
Wednesday 29 May 2013
Stocks declined sharply on Wednesday morning with yesterday's rebound proving short-lived as fears about the impact of a slowdown in China came back to haunt markets.
IMF cuts forecasts for Chinese growth in 2013
Wednesday 29 May 2013
The International Monetary Fund (IMF) yesterday slightly reduced its growth forecasts for the Chinese economy this year – to 7.75 per cent from 8 per cent previously.
Wednesday tips round-up: Sirius Minerals, Volex, GlaxoSmithKline
Wednesday 29 May 2013
The global pharmaceuticals sector is stuck in the ‘doldrums’ due to the impact of the so-called 'patent–cliff.' However, they have rebounded from their previous cycle lows – even in the case of laggards such as AstraZeneca, GlaxoSmithKline or Novartis - as investors seem to appreciate their defensive qualities. As well, Morgan Stanley, for one, sees earnings per share (EPS) for US pharma stocks
FX round-up: Dollar rises after encouraging data
Wednesday 29 May 2013
The dollar recovered against the yen and the euro on Tuesday after better than expected US economic data underlined the view that the Federal Reserve may start winding down its stimulus programme.
Commodities: Oil settles higher on supply constraint fears
Wednesday 29 May 2013
Crude oil futures settled higher on Tuesday as the spotlight turned to supply constraints from Nigeria and the North Sea.
Cobham wins aviation contract extension in Papua New Guinea
Wednesday 29 May 2013
Cobham, the FTSE 250 defence and security technology group, has won a five-year contract extension in Papua New Guinea for its Fly-in Fly-out (FIFO) aviation services to transport workers to remote mines.
Wednesday newspaper round-up: Darty, UK banks, German banks...
Wednesday 29 May 2013
Electricals retailer Darty could slash jobs in an effort to cut costs in its core French region as it copes with a weaker economy, The Independent reports.
London close: Stimulus hopes drive triple-digit gains for FTSE 100
Tuesday 28 May 2013
While hopes have now faded for a long-term continuation of stimulus measures in the US, speculation surrounding continued monetary easing in Europe and Japan sparked a huge surge on equity markets on Tuesday.
Sector movers: Construction stocks gain after US housing data
Tuesday 28 May 2013
Ongoing improvement in the US housing sector - as evidenced by some strong American home-price data on Tuesday - prompted a sharp rise in the construction and materials sector in London.
Broker tips: SABMiller, AG Barr, Victrex
Tuesday 28 May 2013
Credit Suisse continues to expect SABMiller to 'outperform' despite cutting its target price for the beverages stock from 4,000p to 3,920p on the back of negative foreign exchange movements.
FTSE 100 movers: Aggreko, Petrofac, ENRC
Tuesday 28 May 2013
Temporary power provider Aggreko topped the FTSE Tuesday as a report highlighted the "urgent" need to meet rising energy demands. EnergyUK, which represents more than 80 energy providers, has written to Energy Secretary, Ed Davey, calling for an increase in capacity in the market to prevent an energy shortfall.
London midday: Stocks bounce back after recent sell-off
Tuesday 28 May 2013
UK markets were registering impressive gains on Tuesday morning with hopes of continued monetary easing in the Eurozone lifting sentiment as stocks bounced back following last week's sharp sell-off.
Seven UK government departments agree spending cuts
Tuesday 28 May 2013
Seven UK government departments have agreed to spending cuts of up to 10 per cent, Chancellor George Osborne said.
AstraZeneca continues appeal against US court ruling over asthma drug
Tuesday 28 May 2013
AstraZeneca said it will continue to “vigorously” defend the intellectual property rights protecting its Pulmicort Respules medicine.
AG Barr boosts revenue despite dismal weather
Tuesday 28 May 2013
Soft drinks maker AG Barr improved revenue, following a good performance from its core products despite the soggy weather, and said it is very confident in future trading.
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