Editor's Picks
Commodities: Oil slips on conflicting demand estimates
Wednesday 13 Feb 2013
Crude oil futures surrendered the previous session's gains as investors scratched their heads over contradictory data on the outlook for global oil demand.
Broker snap: UBS upgrades Petrofac to 'buy'
Wednesday 13 Feb 2013
Oilfield services group Petrofac was performing well on Wednesday morning, helped by an upgrade by UBS from 'neutral' to 'buy'.
London open: Stocks open lower ahead of inflation report
Wednesday 13 Feb 2013
UK stocks opened moderately lower ahead of the Bank of England's (BoE's) inflation report due out at 10:30, as well as a number of important economic indicators elsewhere.
Reckitt Benckiser brings forward targets after 2012 beat
Wednesday 13 Feb 2013
Consumer products giant Reckitt Benckiser managed to narrowly beat consensus expectations with its 2012 results, as growth was driven by a strong performance in the emerging markets and its Health and Hygiene divisions.
Wednesday newspaper round-up: Obama, UK inflation, Republic...
Wednesday 13 Feb 2013
Barack Obama proposed a fresh blueprint for “reigniting” America’s economy and its middle class, calling for a sharp increase in the minimum wage for the first time in his presidency and a new drive to fix ailing infrastructure. Mr Obama also announced in his State of the Union address that the US and the EU would launch negotiations for a bilateral transatlantic trade deal, a long awaited
London close: Barclays leads stocks higher as risk appetite increases
Tuesday 12 Feb 2013
Strong gains in the banking sector helped push the FTSE 100 one per cent higher on Tuesday afternoon, as markets welcome news of a turnaround plan at UK lender Barclays.
FTSE 250 movers: Bumi announces agreement with Bakries
Tuesday 12 Feb 2013
Bumi plc shares rose after it announced that it has signed an agreement that will allow Indonesia’s Bakrie Group to divest its interest in the coal miner. Bakrie will cancel its indirect 23.8 per cent stake in exchange for Bumi plc’s 10.3 per cent holding in Asia’s biggest thermal coal exporter PT Bumi Resources.
Europe midday: SNB defends BoJ actions
Tuesday 12 Feb 2013
SNB’s Jordan defends BoJ actions; G7 reiterates commitment to market FX rates; Italian bond yields rise following auction
London midday: Banks pull Footsie into positive territory
Tuesday 12 Feb 2013
Stocks had pulled into positive territory by Tuesday lunchtime helped by strength in the banking sector as full-year results and the outcome of a strategic review at Barclays were well-received by the markets.
US close: Banks hit new 52 week high
Tuesday 12 Feb 2013
KBW bank index hits new 52 week high; Fed (Lockhart): 2013 will not be break-out year for US economy; Fed (George): Near zero interest rates pose set of consequences; Fed (George): Housing still has a long way to go until recovery; Apple down 2 per cent after investor conference
S&P revises outlook from 'negative' to 'stable' for Ireland
Tuesday 12 Feb 2013
Credit ratings agency Standard & Poors has changed its outlook on Ireland from 'negative' to 'stable'.
United Drug forecasts profit growth in the past quarter
Tuesday 12 Feb 2013
Group revenues and profits for the three months to December 31st will be ahead of the same period last year at United Drug, the company has forecast.
Broker snap: Investec hails cost-cutting at Barclays
Tuesday 12 Feb 2013
The long-awaited strategic review at UK banking group Barclays was welcomed by Investec (and the market) on Tuesday, with the broker maintaining its 'buy' rating for the stock.
Broker snap: Investec hails cost-cutting at Barclays
Tuesday 12 Feb 2013
The long-awaited strategic review at UK banking group Barclays was welcomed by Investec (and the market) on Tuesday, with the broker maintaining its 'buy' rating for the stock.
London open: Stocks flat despite banking strength
Tuesday 12 Feb 2013
UK stocks opened broadly flat on Tuesday morning ahead of some UK inflation data, with markets pausing for breath after a strong rise in the year to date.
Broker snap: Rolls-Royce is 'best-quality' company in sector, says JPMorgan
Tuesday 12 Feb 2013
JPMorgan Cazenove has initiated coverage of the European aerospace and defence sector, labelling Rolls-Royce, EADS and Thales as the stocks with the most share-price upside.
Tuesday newspaper round-up: Cyprus, RBS, Heathrow...
Tuesday 12 Feb 2013
Cyprus is likely to receive its long-awaited eurozone bailout by the end of March, according to the European Central Bank executive Jörg Asmussen, pictured. Cyprus is hoping to secure a 17.5bn euros (14.8bn pounds) bailout from other European member states, but some German politicians have been hesitant in approving the payment.
Broker snap: Canaccord says Tullow Oil is 'not particularly attractive'
Monday 11 Feb 2013
Analysts at Canaccord continued to view the valuation of Tullow Oil as "not particularly attractive" after the oil and gas giant posted its annual results Wednesday.
Tuesday tips round-up: Essar, HICL Infrastructure, G4S
Monday 11 Feb 2013
India-focused oil refiner and power generator Essar Energy’s third-quarter trading update on Monday showed encouraging signs across its portfolio. The FTSE 250 energy group owns the giant Vadinar refinery in Gujarat and a string of power plants across India in which it intends to burn coal from its own mines, capitalising on India’s burgeoning energy demand. Having invested in major upgrades and
Salamander Energy to start drilling on North Kendang well
Monday 11 Feb 2013
Oil and gas exploration and production company Salamander Energy has begun drilling on the North Kendang-1 exploration well in the South East Sangatta production sharing contract in which Salamander has a 75 per cent operated interest.
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