Editor's Picks
Carnival reveals details of hardest year
Thursday 20 Dec 2012
Carnival Corporation, the largest cruise company in the world, reported a fall in full year revenues after what it called its most challenging year ever.
London midday: Stocks pause on 'fiscal cliff' concerns
Thursday 20 Dec 2012
UK stocks traded broadly sideways on Thursday morning with 'fiscal cliff' uncertainty dashing hopes that a deal between US politicians can be struck before Christmas.
Broker snap: Nomura highlights concerns with Vodafone's dividend
Thursday 20 Dec 2012
Nomura has kept its 'neutral' rating for telecoms group Vodafone, saying that the costs from last week's Dutch spectrum auction raise more questions of the company's 'inflated' dividend.
US fiscal cliff to take investors on a hair-raising ride
Thursday 20 Dec 2012
Republican House speaker John Boehner was forced to withdraw his “Plan B” for dealing with the so-called fiscal cliff due to a lack of support in the House of Representatives. Boehner had thought that the Republican majority in the lower house would be enough to push through his proposal to avoid the impending automatic spending cuts and increase in taxes despite opposition from president Barack
London pre-open: Stocks to pull back on 'fiscal cliff' concerns
Thursday 20 Dec 2012
Stocks are expected to pull back slightly on Thursday morning following two days of decent gains with concerns resurfacing over the US 'fiscal cliff' after the White House vetoed the Republicans' 'Plan B'.
Sharp drop in UK consumer´s economic expectations
Thursday 20 Dec 2012
Consultant Gfk´s UK consumer confidence gauge for the month of December fell to -29 points after a reading of -22 for the previous month, as economic expectations dropped sharply.
Chemring secures US military order
Thursday 20 Dec 2012
Defence contractor Chemring said its US arm had received a 32 million dollar order for mine detection kit from the US military.
Weir increases shale exposure with acquisition of Mathena
Thursday 20 Dec 2012
Engineering solutions group Weir is to buy pressure control rental equipment firm Mathena as it attempts to up its exposure to the fast-growing shale oil and gas market.
Friday share tips: Weir Group, Igas Energy, Gulfsands
Thursday 20 Dec 2012
Weir Group still looks like a good long-term bet on a growth industry, writes the Times´s tempus column this morning. The market earlier this year had its concerns over Weir’s exposure to shale. Over the past 13 months the company invested a total of almost $1.1bn on equipment that serves the US shale oil and gas industry, including yesterday’s purchase of Mathena. On this last occasion however
Thursday newspaper round-up: BAE Systems, Mark Carney, Japan...
Thursday 20 Dec 2012
The continued haggling with Saudi Arabia over the price of 48 Eurofighter Typhoon jets could hit full-year profits at BAE Systems. The British defence contractor said that negotiations with the Royal Saudi Air Force about the price of the aircraft may not be concluded before its results announcement in February. That could wipe 3p per share off underlying earnings, the company warned in a trading
London close: Gains pared after White House comments on 'fiscal cliff'
Wednesday 19 Dec 2012
The UK stock market staged a slight ‘Santa rally’ on Wednesday, with risk appetite increasing before Christmas on the back of a Greek ratings upgrade and a better-than-expected reading of German confidence.
FTSE 250 movers: Vesuvius's shares price adjusts to de-merger
Wednesday 19 Dec 2012
Vesuvius, previously known as Cookson, was showing as the heaviest faller on the FTSE 250 after the de-merger of its Performance Materials division to Alent became effective. Vesuvius now only consists mainly of Cookson's Engineered Ceramics division so the sharp drop in the share price was as expected this morning.
BAE Systems can´t get a lock on Saudi Typhoon contract
Wednesday 19 Dec 2012
FTSE 100-listed aerospace and defence giant BAE Systems has published an update about its contract negotiations with the Saudi Arabian government regarding the supply of Typhoon aircraft.
London midday: The 'Santa Rally' begins...
Wednesday 19 Dec 2012
An upgrade of Greece's credit rating and a better-than-expected reading of German sentiment saw European stock markets make impressive gains on Wednesday.
Broker tips: Bunzl, GKN, Vesuvius
Wednesday 19 Dec 2012
Panmure Gordon has trimmed its target price for distribution and outsourcing group Bunzl following the company's poorly-received pre-close trading update on Wednesday morning.
UBS pays 1.5bn dollars in LIBOR scandal settlement
Wednesday 19 Dec 2012
Swiss investment bank UBS has agreed to pay regulators in the United States, Switzerland, and United Kingdom a sum of 1.5bn dollars as a settlement in investigations over allegations of LIBOR manipulation.
Market overview: MPC voted 8-1 in favour of no more QE
Wednesday 19 Dec 2012
0930: According to the minutes of the last rate-setting meeting of the Bank of England the Monetary Policy Committee (MPC) voted by a margin of 8-1 in favour of maintaining the size of its asset purchase facility unchanged. The decision to keep the main policy rate at 0.5 per cent was unanimous. The results of both decisions were as expected.
Broker snap: GKN rated 'neutral' as Nomura cautious over EU car demand
Wednesday 19 Dec 2012
Nomura has initiated coverage of engineering group GKN with a 'neutral' rating and 245p target price, saying that it is 'waiting for the green shoots of an EU car demand recovery'.
London open: Stocks rise on hopes over Greece
Wednesday 19 Dec 2012
UK stocks were making gains in early trading on Wednesday with sentiment being lifted by improving developments in Greece.
Wednesday newspaper round-up: Nissan, UBS, Barclays...
Wednesday 19 Dec 2012
Britain’s biggest carmaker has given the British automotive industry a big boost by announcing it is to start building premium-priced cars under its upmarket Infiniti brand in Sunderland. The move by Nissan, which is already bringing Britain its first mass-produced all-electric car, the Leaf, will create a further 1,000 jobs and secure the Japanese company’s position as one of Britain’s most
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