Editor's Picks
London midday: Stocks make gains on light volumes
Monday 11 Feb 2013
On a light day for economic data and trading volumes, the FTSE 100 was registering moderate gains by Monday lunchtime.
Tuesday newspaper tips: 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
Kofax dissapoints, issues profit-warning
Monday 11 Feb 2013
Total revenue for the quarter ending December 31st declined by 9.0 per cent at Kofax, underpinned by lower than anticipated performance in licenses.
Broker snap: Panmure raises Fidessa forecasts but keeps 'hold'
Monday 11 Feb 2013
Panmure Gordon has raised its target price for trading systems developer Fidessa from 1,243p to 1,396p, following the forecast-beating final results released Monday.
Broker snap: Credit Suisse sees improving asset base at Ophir Energy
Monday 11 Feb 2013
Credit Suisse has reiterated its 'outperform' rating and 930p target price for Africa-focused oil & gas group Ophir Energy, highlighting the firm's improving asset base in Gabon and Tanzania.
London open: Markets lack direction early on
Monday 11 Feb 2013
The FTSE 100 opened flat on Monday morning with volumes thin as Asian markets close for the Lunar New Year holidays.
British Land snaps up shopping centre in Ealing
Monday 11 Feb 2013
British Land has expanded its London portfolio with the purchase of a number of properties from Dutch real estate group Weraldhave, including the Ealing Broadway Shopping Centre.
Wood Group awarded offshore facility contract in North Sea
Monday 11 Feb 2013
Industrial project management and construction group Wood Group has won a contract for an offshore oil & gas production facility in the Norwegian part of the North Sea.
Commodities: Supply glut sends oil lower
Monday 11 Feb 2013
Crude oil futures settled lower on Friday on fresh concern about surplus supplies in a key delivery hub in Cushing, Okla, while the stronger dollar also eroded demand.
Monday newspaper round-up: Barclays, RBS, Tobacco companies...
Monday 11 Feb 2013
Barclays is preparing to cut at least two billion pounds from its annual cost base of 20bn pounds as part of a strategic overhaul to be presented by the bank on Tuesday, say bank insiders and analysts. The cuts are to focus on a retrenchment from some of Barclays’ investment banking operations in Asia, particularly its equities franchise, as well as a partial wind-down of retail and commercial
Sunday newspaper round-up: easyJet, Barclays, Man Group
Friday 08 Feb 2013
The Sunday Telegraph understands Sir Stelios, who with his family owns 36 per cent of easyJet´s shares, is to vote against the re-election of Sir Mike Rake, the Chairman, as well as against the board’s remuneration report. In addition, he will abstain against all 18 other resolutions on matters such as the appointment of auditors and payment of the dividend at the company’s annual general meeting
Online gambling surges as New Jersey Governor backs the industry
Friday 08 Feb 2013
Online gambling stocks soared Friday after the Governor of the US state of New Jersey said he would legalise betting on the internet if it had a 10-year trial period and higher tax rate on casinos.
London midday: Stocks claw back losses after yesterday's sell-off
Friday 08 Feb 2013
Better-than-expected trade data from China gave stocks a boost on Friday morning, as sentiment picked up from the day before when concerns over Europe sparked a sell-off on equity markets.
Broker tips: Miners, Weir, Imperial Tobacco
Friday 08 Feb 2013
Ahead of earnings season in the mining sector, Credit Suisse has labelled its top and worst picks among resource stocks.
Fourth quarter construction output revised upwards
Friday 08 Feb 2013
Construction output grew by 0.9% in the last three months of the year when compared to the previous three, according to the latest data from the Office for National Statistics (ONS), well above the 0.3 per cent preliminary estimate included in the latest GDP figures.
Broker snap: Investec downgrades Imperial Tobacco to 'hold'
Friday 08 Feb 2013
Investec has reduced its rating for tobacco and cigarette giant Imperial to 'hold' and cut its target price from 2,580p to 2,450p, saying the first quarter was the signal to prompt the abandonment of its 'buy' case.
London open: Stocks rise after Chinese trade data
Friday 08 Feb 2013
Positive data from China helped European stocks rebound on Friday morning, following a sell-off the day before on the back of comments from European Central Bank President (ECB) Mario Draghi.
Shaftesbury sees 'sustained interest' for retail space in first half
Friday 08 Feb 2013
Central London-focused FTSE 250 real estate group Shaftesbury said it has seen continuing good demand and letting activity across its West-End villages in the first half, while vacant space is now at an 'exceptionally low level'.
Sunday share tips: Burberry, BP, Victrex
Friday 08 Feb 2013
Investors in luxury goods group Burberry endured a case of the jitters last week after the company unveiled a series of boardroom tweaks. However, the group’s strategy is unlikely to change. Investors were already concerned about a slowdown in growth for upmarket goods groups and after the recent market rally they were looking for an excuse to sell. As well, an improvement in the US and Chinese
FX round-up: Euro slumps against dollar
Thursday 07 Feb 2013
The euro tumbled against the dollar and yen on Thursday after European Central Bank President Mario Draghi commented on the currency's recent rise.
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