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  • Sunday newspaper round-up: Portugal, Cairn Energy, Marks&Spencer

    Friday 05 Apr 2013

    Portugal’s Prime Minister has announced cuts in public spending meant to compensate for the country´s Constitutional Court unexpected decision to strike down part of the economic reforms which allowed the South Western European country to opt for a 78bn euro bail-out programme from its partners. Quite unfortunately, the aforementioned comes before a meeting of EU finance ministers - next weekend

  • Bank of England tells banks to hold back on bonuses

    Friday 05 Apr 2013

    The Bank of England has told British banks to keep a tighter restraint on paying out bonuses and dividends as they shore up extra capital.

  • London midday: Stocks tank as eyes turn to US jobs data

    Friday 05 Apr 2013

    Stocks across Europe were under heavy selling pressure on Friday morning as traders refrained from building positions ahead of the all-important employment report due out Stateside this afternoon.

  • Broker tips: Banks, Asset managers, Next

    Friday 05 Apr 2013

    Investec has turned more bullish on global banking giant HSBC, upgrading the stock from 'add' to 'buy', but has retained a clear preference for sector peer Standard Chartered (also rated 'buy').

  • Broker snap: Credit Suisse cuts Next to 'neutral' after strong run

    Friday 05 Apr 2013

    After a 50 per cent share-price jump over the past 12 months, Next has seen its rating downgraded by Credit Suisse from 'outperform' to 'neutral', causing the stock to fall on Friday morning.

  • London open: Markets nervous ahead of US jobs data

    Friday 05 Apr 2013

    Markets declined on Friday morning, despite relative strength in the mining sector, as traders refrained from building positions ahead of the key risk event of the day - the US employment report.

  • easyJet delivers half year results in line with expectations - UPDATE

    Friday 05 Apr 2013

    Airline easyJet has posted revenue per seat growth (at constant currency) of around 8.5 per cent for the half year ended March 31st, driven in part by stronger-than-anticipated late bookings in the run up to Easter.

  • London close: Things could be worse (and better)

    Thursday 04 Apr 2013

    British equities underperformed their Continental peers, which also ended in the red on Thursday, as traders caught up with the overnight fall in US markets. That came as the Bank of England was left behind a little bit by the policy announcements out of the European Central Bank and the Bank of Japan.

  • London midday: Markets flat as BoE holds fire, traders await ECB

    Thursday 04 Apr 2013

    The FTSE 100 was little changed by Thursday lunchtime as the Bank of England (BoE) voted to monetary policy on hold, as all eyes turn to the European Central Bank (ECB) ahead of its policy decision in the coming hours.

  • BP heads back to court for US oil spill appeal

    Thursday 04 Apr 2013

    BP is set to appeal tomorrow against the amount of its 8.5bn-dollar settlement over the 2010 Deepwater Horizon oil spill in the Gulf of Mexico.

  • Friday tips round-up: AMEC, BTG, Heritage Oil

    Thursday 04 Apr 2013

    The gyrations in shares of international engineering services group AMEC are a good example of just how nervous financial markets are. In February they plunged by 6 per cent after guiding towards revenue growth in the low to mid-single-digit range. Yet yesterday they rose against the backdrop of a falling market after professional investors were able to confirm that everything is on track. That

  • Broker snap: Domino's still a 'sell' despite Q1 beat, says Panmure

    Thursday 04 Apr 2013

    Panmure Gordon has raised its target price for Domino's Pizza from 360p to 380p after the group's first-quarter update came in well ahead of expectations, but the broker has retained its negative stance on the stock.

  • London open: Markets cautious ahead of central bank meetings

    Thursday 04 Apr 2013

    Markets opened slightly lower in London on Thursday despite a much-welcome boost for the Japanese economy announced overnight, as investors kept their powder dry ahead of policy decisions from the Bank of England (BoE) and the European Central Bank (ECB) this afternoon.

  • Providence and Lansdowne optimistic after Barryroe audit

    Thursday 04 Apr 2013

    Ireland-based oil and gas group Providence Resources and AIM-listed partner Lansdowne have received an audit of their joint-owned Barryroe oil field which confirmed 'significant' volumes and recoverable resources.

  • Sunday share tips: Lonmin, Marshalls, Robert Walters

    Thursday 04 Apr 2013

    The current head of engineering at Anglo American´s platinum operations, Ben Megara, will take over troubled miner Lonmin in July. He has inherited a basket case. The company´s production was shuttered for six weeks last year, due to 'wild-cat' strikes at its main Marikana mine, which was only solved by wage increases. Further salary increases are likely in about two months´ time, when

  • BoJ unveils aggressive easing to combat deflation

    Thursday 04 Apr 2013

    The Bank of Japan (BoJ) announced an aggressive monetary stance on Thursday as its new Governor Haruhiko Kuroda took the helm determined to fight deflation.

  • Above expectation oil production reported at Magnolia Petroleum's US wells

    Thursday 04 Apr 2013

    AIM-listed US onshore oil and gas exploration company Magnolia Petroleum has reported above expectation initial production rates for three wells.

  • Thursday newspaper round-up: Bank of Japan, Barclays, IAG...

    Thursday 04 Apr 2013

    The Bank of Japan overnight said it would double its monetary base over the next two years through the aggressive purchase of long-term bonds, 'in a bold policy aimed at ridding Japan of the deflation that has dogged the country for almost two decades', according to the Financial Times. The Central Bank said it would make the two per cent inflation target within two years.

  • Broker tips: Miners, Schroders, Babcock

    Wednesday 03 Apr 2013

    Credit Suisse made across-the-board target-price cuts in the mining sector on Wednesday, highlighting the impact of supply overhang on metals prices this year.

  • London close: 'Ill wind' blows in from across the Atlantic

    Wednesday 03 Apr 2013

    Markets have ended firmly lower on the day, in reaction to mixed economic data out Stateside and despite strong economic data in China.

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