Editor's Picks
Rio Tinto CEO steps down after announcing multi-billion dollar impairment
Thursday 17 Jan 2013
Tom Albanese has stepped down as Chief Executive Officer of Rio Tinto and has been succeeded by Sam Walsh following an announcement by the company that it expects to recognise a non-cash impairment charge of approximately 14bn dollars (8.642bn pounds) in its 2012 full year results.
Tuesday tips round-up: Jupiter Fund Management, Experian, Bloomsbury
Thursday 17 Jan 2013
Asset managers such as Jupiter Fund Management are not a bad proxy for investing in equities markets, if you believe the more optimistic projections for this year. Jupiter beat market forecasts for the amount of assets under management in the final quarter of last year as retail investors in Britain piled into its high-profile mutual funds. The amount invested in such funds grew by 917m pounds to
Spanish debt auction shows credibility recovering, say analysts
Thursday 17 Jan 2013
The Spanish Treasury continues to find open hands for its paper after topping its maximum target of 4.5bn euros in Thursday's auction.
FX round-up: Spanish debt auction pushes dollar lower
Thursday 17 Jan 2013
The dollar retreated somewhat on Thursday, largely on the back of a successful Spanish debt auction which saw reasonably strong demand, a pattern which indicated that Eurozone concerns are easing.
Commodities: Oil briefly breaks 96 dollar mark
Thursday 17 Jan 2013
Crude oil settled up 1.33 per cent at 95.49 dollars on Wednesday, having temporarily gone above the 96 dollar mark, following news that Islamist militants have taken over a natural-gas plant in Algeria, killing a number of hostages.
London open: Markets flat ahead of Spanish bond auctions
Thursday 17 Jan 2013
London's benchmark index opened tentatively on Thursday morning ahead of another big day for corporate earnings in the US.
Rio Tinto CEO steps down as group admits incurred 14bn dollars in imparirments
Thursday 17 Jan 2013
Tom Albanese has stepped down as Chief Executive Officer of Rio Tinto and has been succeeded by Sam Walsh following an announcement by the company that it expects to recognise a non-cash impairment charge of approximately 14bn dollars in its 2012 full year results.
Revenue up 10 per cent at Associated British Foods
Wednesday 16 Jan 2013
Strong retail and sugar sales buoyed encouraging growth at Associated British Foods for the 16 weeks to January 5th, the group’s interim management statement showed.
London close: Markets finish lower, but TUI Travel surges late on
Wednesday 16 Jan 2013
World Bank, Germany cuts growth estimates; Conflicts intensify in North Africa; TUI Travel surges after approach from TUI AG.
Tuesday tips round-up: Jupiter Fund Management, Experian, Bloomsbury
Wednesday 16 Jan 2013
As I suggested recently, asset managers such as Jupiter Fund Management are not a bad proxy for investing in equities markets, if you believe the more optimistic projections for this year. Jupiter beat market forecasts for the amount of assets under management in the final quarter of last year as retail investors in Britain piled into its high-profile mutual funds. The amount invested in such
Thursday preview: Aberdeen Asset Management and Associated British Foods results
Wednesday 16 Jan 2013
FTSE 100 companies Aberdeen Asset Management and Associated British Foods will be the talk of the town Thursday as they release interim management statements.
FTSE 100 movers: TUI leaps on confirmation of merger approach
Wednesday 16 Jan 2013
TUI Travel raced ahead of Wednesday afternoon after the firm confirmed that it has been approached by its German parent company, TUI AG, about a merger.
Sector movers: Anglo leads miners lower after employee strike
Wednesday 16 Jan 2013
Mining stocks were under the weather on Wednesday afternoon, bearing the brunt of reduced risk appetite on markets.
Daily Mail reports RBS facing prospect of 500m fine
Wednesday 16 Jan 2013
The Daily Mail’s online incarnation, the Mail Online, has reported rumours that the Royal Bank of Scotland may be facing the prospect of a 500m pound fine over its alleged role in the LIBOR interest-rate rigging scandal.
US midday: Fiscal cliff high on list of concerns, Beige book shows
Wednesday 16 Jan 2013
- Fed Beige book points to economy growing modestly/moderately - Rosengren (Fed) sees margin for expansion of QE - Kocherlakota (Fed) says central bank should ease further
London open: Stocks track Asian markets lower
Wednesday 16 Jan 2013
UK stocks were lower on Wednesday morning as market sentiment was weighed down by heavy losses in Asia, concerns over the euro and a growth forecast cut by the World Bank.
Aberdeen sees three per cent gain in AuM
Wednesday 16 Jan 2013
Aberdeen Asset Management saw a three per cent rise in assets under management (AuM) in its first quarter helped by a strong gain in the Equities business.
London close: Markets cautious as US debt fears resurface
Tuesday 15 Jan 2013
Anglo sinks into the red by the close; Burberry jumps after Q3 update; Debt ceiling concerns resurface, Obama takes hard-line approach.
Bank Governor adds voice to bonus tax row
Tuesday 15 Jan 2013
Bank of England Governor, Sir Mervyn King, called any attempts by banks to delay giving bonuses until after the top rate of tax drops 'depressing' and 'clumsy'.
US pre-open: Stocks to waver slightly at the start
Tuesday 15 Jan 2013
The main US equity benchmarks are now being called to open slightly lower, with average losses of 0.3%.
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