Editor's Picks
CRH frontman steps down as sales miss forecasts
Tuesday 26 Feb 2013
Irish building materials group CRH said on Tuesday that its Chief Executive Officer (CEO) is to retire from the board at the end of the year, as it announced lower-than-expected sales for 2012.
Tuesday newspaper round-up: Italy, Tesco, Rio Tinto...
Tuesday 26 Feb 2013
The eurozone’s debt crisis strategy was in chaos on Monday night after anti-austerity parties appeared on track to win a majority of seats in the Italian parliament, vastly complicating efforts to forge a government able to carry through EU-imposed reforms.
Commodities: Crude recoils on global growth fears
Monday 25 Feb 2013
Crude oil prices slipped two cents on Monday after sentiment was hurt by gloomy Chinese manufacturing data, weak US equities and as nerves set in ahead of Italy’s election.
London close: Markets volatile after mixed news on Italian election
Monday 25 Feb 2013
The FTSE 100 saw a volatile end to the trading session on Monday as a number of conflicting news reports emerged from the Italian exit polls.
FTSE 100 movers: Banks lead the race
Monday 25 Feb 2013
Royal Bank of Scotland topped the FTSE 100 on Monday following reports it was poised to announce a plan to float part of its US business. It comes as the state-backed lender looks for ways to raise capital and restructure ahead of planned reprivatisation.
Tuesday tips round-up: Bunzl, Persimmon, Hiscox
Monday 25 Feb 2013
Glamorous it ain’t. Supplying loo roll, tea bags and plastic cutlery to workplaces worldwide may not set the investor pulse racing, but it’s proved very lucrative for Bunzl in recent years. Organic growth has been tortoise-like in recent years, typically growing by around a percentage point more than the GDP of the host country and slowing to a near-standstill in the second half of last year. Yet
London midday: Banks lift markets higher despite UK downgrade
Monday 25 Feb 2013
The FTSE 100 was making decent gains on Monday morning in spite of Moody's stripping the UK of its prized 'AAA' credit rating, as sentiment was lifted by central-bank stimulus speculation in the US and Japan.
Broker snap: Good news priced in at AB Foods, says Canaccord Genuity
Monday 25 Feb 2013
The good news is already priced in at food producer and Primark owner Associated British Foods (ABF), according to Canaccord Genuity which as retained its 'sell' rating and 1,450p target price for the stock.
London open: Stocks gains as market shrugs off UK downgrade
Monday 25 Feb 2013
Markets managed to shrug off the UK ratings downgrade and some disappointing economic data from China on Monday morning, as stocks advanced on the back of optimism surrounding central-bank stimulus.
Full year pre-tax profit up 11.7 per cent at Provident Financial
Monday 25 Feb 2013
Profit before tax rose 11.7 per cent to 181.1m pounds in the full year ending December 31st at Provident Financial.
Commodities: Gold strikes one-week high
Monday 25 Feb 2013
Gold futures logged the biggest one-day gain so far this year on Tuesday as Federal Reserve Chief Ben Bernanke signalled the central bank would continue with its bond-buying programme.
Sunday newspaper round-up: RBS, BP, Vodafone
Thursday 21 Feb 2013
The US government and Gulf Coast states are reportedly considering offering BP a deal under which the company will pay 16bn dollars to settle civil suits stemming from the 2010 Deepwater Horizon disaster. The deal would cover the company's potential penalties under the Clean Water Act and payments under the natural resources damage assessment, the Wall Street Journal said, citing sources familiar
China manufacturing PMI surprises to the downside in February
Thursday 21 Feb 2013
Flash China Manufacturing PMI at 50.4 (52.3 in January), a 4-month low; Data at odds with other surveys; Historically Lunar New year leads to 0.95 point drop; Chinese leaders expected to wait for more data
London midday: Stocks plummet after Fed minutes, Eurozone PMI
Thursday 21 Feb 2013
The FTSE 100 was registering triple-digit losses by Thursday lunchtime as uncertainty at the US Federal Reserve dampened risk appetite and spooked markets into a sell-off.
Moody's downgrades UK to Aa1 from Aaa
Thursday 21 Feb 2013
On Friday evening ratings agency Moody's Investors Service downgraded the domestic- and foreign-currency government bond ratings of the United Kingdom by one notch to Aa1 from Aaa.
Persimmon upbeat as profit soars
Thursday 21 Feb 2013
House builder Persimmon said it was encouraged by stronger trading and initial signs of an improving mortgage market as it posted a better than expected fifty two per cent jump in full year profit.
Broker snap: BAE a 'hold' on US budget uncertainty, says Investec
Thursday 21 Feb 2013
Investec has highlighted a number of positives to take away from BAE Systems' 2012 results, but has retained its 'hold' rating and 325p target price for the defence group, voicing underlying concerns about the US 'sequester'.
Merkel doesn’t want Bersani as Prime Minister, according to Monti
Thursday 21 Feb 2013
As time for political campaigning in Italy runs out before the elections on February 24th and 25th, Italian media filled their front pages today with current Prime Minister Mario Monti’s comments that German Chancellor Angela Merkel would not want Pier Luigi Bersani’s centre-left Democratic Party (PD) to win the elections.
London open: Stocks pull back after Fed questions QE
Thursday 21 Feb 2013
After hitting highs not seen since January 2008 yesterday, the FTSE 100 pulled back on Thursday morning as minutes from the latest Federal Reserve meeting showed that some policy-makers have begun to question current quantitative easing (QE) measures in the States.
Informa wins 30-year contract for Brazil agriculture fair
Thursday 21 Feb 2013
Events group Informa has been awarded a 30-year licence to run agriculture fair Agrishow in Brazil, including this year’s show in April.
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