Editor's Picks
FTSE 100 movers: ITV climbs on takeover speculation
Friday 15 Feb 2013
ITV rose on continuing speculation that the group is close to a takeover. The stock has been the subject of market chatter to that effect on a number of occasions in recent times.
Soros hedge fund halves exposure to gold
Friday 15 Feb 2013
Billionaire investment guru George Soros has reduced the exposure to gold in his privately-held US hedge fund Soros Fund Management, prompting speculation as to whether he believes that long-term interest rates - and the economy - in the United States have touched bottom.
FX round-up: Dollar rises against euro
Friday 15 Feb 2013
The dollar climbed against the euro on Thursday as data from the Eurozone came in below expectations.
Tuesday newspaper tips round-up: Crest Nicholson, BG, UBM
Friday 15 Feb 2013
The story of the quoted house builders over the past year, which has driven share prices substantially higher across the sector, has been one of continuing improvement in margins as land bought ahead of the economic downturn was gradually built on and traded out. The exception, because of its history, is Crest Nicholson, dealing in the shares of which started officially yesterday. Crest was taken
Anglo records 4.6bn-dollar impairment charge for 2012
Friday 15 Feb 2013
Anglo American was whacked by a 4.6bn dollars of impairments in 2012, while underlying earnings took a hit from falling commodity prices, ongoing cost pressures and a loss-making platinum business.
Friday newspaper round-up: Morrisons, Rolls-Royce, Tullet Prebon...
Friday 15 Feb 2013
Morrisons appears to be the biggest winner from the horsemeat scandal after the supermarket chain reported an 18 per cent rise at its fresh meat counters in the wake of revelations over tainted food. The retailer said it had posted the double-digit increase since horse DNA was first identified in Tesco value beef burgers. It published the sales data as another study found 45 per cent of shoppers
London close: Stocks slip as growth concerns dampen sentiment
Thursday 14 Feb 2013
The FTSE 100 had picked up off its intraday low by the end of the session on Thursday, but a barrage of worse-than-expected economic growth figures from across the globe ensured that markets remained in negative territory.
Friday newspaper round-up: Morrisons, Rolls-Royce, Tullet Prebon...
Thursday 14 Feb 2013
Morrisons appears to be the biggest winner from the horsemeat scandal after the supermarket chain reported an 18 per cent rise at its fresh meat counters in the wake of revelations over tainted food. The retailer said it had posted the double-digit increase since horse DNA was first identified in Tesco value beef burgers. It published the sales data as another study found 45 per cent of shoppers
FX round-up: Dollar rises against euro
Thursday 14 Feb 2013
The dollar climbed against the euro on Thursday as data from the Eurozone came in below expectations.
US pre-open: Buffet goes on Safari
Thursday 14 Feb 2013
American investors have today woken up on Thursday morning to find two multi-billion dollar transactions on their door-step, while in Europe many firms are still in defensive mode.
US open: Eliminating non-tariff barriers would boost world growth
Thursday 14 Feb 2013
Goldman Sachs believes tail-risks for economy have diminished; Eliminating non-tariff barriers could boost growth on both sides of Atlantic
Broker snap: OFT decision on Britvic-AG Barr merger 'bewildering', says Panmure
Thursday 14 Feb 2013
Panmure Gordon has retained its 'hold' rating and 380p target price for soft drinks group Britvic after Wednesday's announcement that the Office for Fair Trading (OFT) has referred the firm's proposed merger with AG Barr to the Competition Commission.
Broker snap: Investec upgrades G4S on recovery potential
Thursday 14 Feb 2013
Following a tough year for security solutions group G4S, Investec has raised its rating for the stock from 'hold' to 'buy', saying that the company is well-placed to recover in 2013.
Thursday tips round-up: Tullow, Paragon Group, Crest Nicholson
Thursday 14 Feb 2013
Tullow Oil is feeling misunderstood. The company is generally thought of as an Africa-focused oil explorer, but it has interests elsewhere, most notably in French Guiana and in the North Sea. Production comes from one large field off Ghana, which accounts for about a third of it, and smaller ones elsewhere. The market had been worried that to bring the latter into production would require some
London open: Markets flat as stocks digest GDP figures
Thursday 14 Feb 2013
Markets opened broadly flat on Thursday morning, pausing after hitting a fresh five-year high the day before, as investors showed caution on a busy day for economic data.
FTSE 250 movers: Bumi falls as infighting continues ahead of vote
Thursday 14 Feb 2013
Bumi plc shares tumbled as co-founders of the coal miner financier Nathanial Rothschild and the Bakrie Group continued to butt heads over fate of the business. Shareholders are meeting next Thursday to vote on a proposal by Rothschild to replace members of the board. Furthermore, overnight shares of PT Bumi Resources rose to the highest in more than four months, rocketing higher by 26 per cent
London close: Footsie hits new five-year high
Wednesday 13 Feb 2013
After a subdued start, London’s FTSE 100 index finished with decent gains on Wednesday to set a new five-year high with analysts putting the strong performance down to the weaker pound.
FX round-up: Pound slumps to six-month low against dollar
Wednesday 13 Feb 2013
The British pound tumbled to the lowest level since August against the dollar after Dovish comments from the Bank of England.
Commodities: Oil stays above 97 dollar mark
Wednesday 13 Feb 2013
Oil futures settled above the 97 dollar a barrel mark on Thursday, boosted by data which revealed a drop in US weekly jobless claims.
Broker snap: Investec downgrades Barclays
Wednesday 13 Feb 2013
Barclays was downgraded to a ‘hold’ rating by Investec analysts Thursday following the bank’s 2012 annual results.
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