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  • Week ahead: Coming days will see a raft of economic statistics

    Friday 19 Apr 2013

    Investors will come back from the weekend to find that the Washington G20 meeting did not explicitly single-out Japan for currency manipulation, while at the same time warning that much more needs to be done to foster growth. However, some observers, such as the Financial Times, believe the draft communiqué highlights a “growing fiscal and monetary divergence” and a minimal level of

  • Sector movers: Electricals lower as Spectris gives gloomy outlook

    Friday 19 Apr 2013

    Equities in the electrical sector were under pressure on Friday after instrumentation and controls company Spectris gave a gloomy first-quarter update and scaled back guidance for the full year.

  • Sunday newspaper round-up: FTT, GDP, Vodafone

    Friday 19 Apr 2013

    The Chancellor has launched legal action to block the European Union-wide levy on financial transactions (FTT) which traders fear could have a devastating impact on the City. More specifically, Osborne is worried by the fact that the levy will apply even to those countries who opt out of the agreement. Great Britain already has two other claims outstanding against the EU for setting financial

  • Broker tips: Spectris, William Hill, African Barrick Gold

    Friday 19 Apr 2013

    Investec has placed its 'hold' recommendation and target price under review for productivity-enhancing instrumentation and controls company Sprectris after the a weak first-quarter performance caused the stock to fall sharply on Friday morning.

  • London midday: Mining rebound lifts markets higher

    Friday 19 Apr 2013

    The FTSE 100 rebound on Friday morning after a five-day losing streak as strong gains in the mining sector lifted London's benchmark higher.

  • Broker snap: Canaccord highlights upside risk at William Hill

    Friday 19 Apr 2013

    William Hill is still a 'hold', according to Canaccord Genuity but Friday's first-quarter trading update was "strong" and "reassuring", according to the broker.

  • London open: FTSE 100 snaps five-day losing streak

    Friday 19 Apr 2013

    The FTSE 100 looks set to finish the week on a brighter note, rebounding after a five-day losing streak, as strong gains in the mining sector lifted London's benchmark higher in early trading on Friday morning.

  • Sunday share tips: Premier Foods, Halfords, Prezzo

    Friday 19 Apr 2013

    Recently resigned Premier Foods Chief Executive Michael Clarke has left a smell of ‘spoilt food’ behind him after his 18-month tenure. While he did push through a vital restructuring he left the job half done. In fact, the company’s very existence is still in question. Its deficit is expected to double when it finishes its triennial pension valuation, to which one must add 900m pounds in debt.

  • RPS acquires US reservoir engineering and geosciences firm

    Friday 19 Apr 2013

    RPS has acquired Knowledge Reservoir Group Inc., a reservoir engineering and geosciences consulting firm, for a maximum consideration of 20m dollars in order to further develop the company's energy activities.

  • Euromoney acquires Australian business

    Friday 19 Apr 2013

    Euromoney Institutional Investor, the FTSE 250 international online information and events group, has announced the acquisition of a 75 per cent stake in the Centre for Investor Education (CIE). The business, which is based in Australia, is the country's leading provider of investment forums for senior executives of superannuation funds and global asset management firms. The acquisition is

  • Anglo American records growth in larger divisions in Q1

    Friday 19 Apr 2013

    Anglo American, one of the world's largest mining firms, saw production increase year-on-year across most of its asset classes in the first quarter despite scaling back spending.

  • Friday newspaper round-up: Vodafone, Aviva, Vedanta...

    Friday 19 Apr 2013

    "One of the biggest corporate deals in history edged closer yesterday after Verizon said that it was 'extremely confident' it could buy Vodafone’s stake in North America’s largest mobile network without triggering a huge tax bill," The Times says. Vodafone owns a 45 per cent stake in Verizon Wireless.

  • Morgan Stanley swings to profit in first quarter

    Thursday 18 Apr 2013

    Morgan Stanley reported a first-quarter profit that exceeded expectations boosted by robust performance in its wealth management division.

  • London midday: Markets snap four-day losing streak

    Thursday 18 Apr 2013

    Developments in the Eurozone were supporting stocks on Thursday morning as markets rebounded to snap a four-day losing streak.

  • SFO requests law firm's documents into ENRC investigation

    Thursday 18 Apr 2013

    Dechert, the law firm that was investigating corporate governance issues at Eurasian Natural Resources Corporation (ENRC), has been sent a demand for documents from the Serious Fraud Office (SFO).

  • Broker tips: Tullow, Debenhams, Gold miners

    Thursday 18 Apr 2013

    Tullow Oil's recent pull-back due to investor uncertainty over its exploration-led strategy has created a buying opportunity, according to Societe Generale, which has upgraded its rating for the shares from 'hold' to 'buy'.

  • SABMiller annual growth rate rises

    Thursday 18 Apr 2013

    SABMiller’s annual growth rate rose more than expected as the beverage company’s revenues climbed on excise-driven price increases and the impact of regional mix.

  • GKN buoyed by Volvo Aero acquisition in first quarter

    Thursday 18 Apr 2013

    GKN, the engineering giant involved in the automotive, aerospace and land systems markets, said that first-quarter trading met the board's expectations with last year's acquisition of Volvo Aero showing good results.

  • Diageo boosted by acquistitions in third quarter

    Thursday 18 Apr 2013

    Beverages behemoth Diageo delivered robust sales growth in its third quarter thanks to acquisitions and its diverse sales mix and said it remained on track to meet targets.

  • UK March retail sales come in below forecasts

    Thursday 18 Apr 2013

    UK retail sales volumes fell by 0.7 per cent in March (-0.5 per cent year-on-year), according to the Office for National Statistics (ONS). That follows on a slightly downwardly revised but very strong increase in the month before of 2.5 per cent.

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