Editor's Picks
UK retail sales rose ahead of expectations in September
Thursday 18 Oct 2012
UK retail sales volumes rose by 0.6 per cent month-on-month (2.5 per cent year-on-year) according to the latest data out today from the Office for National Statistics (ONS).
Premier Oil offers to exchange convertible bonds
Thursday 18 Oct 2012
Oil company Premier Oil is inviting holders of its guaranteed convertible bonds due 2014 to trade them in for similar bonds due in 2018.
London midday: Stocks flat but BP gains after Rosneft deal
Thursday 18 Oct 2012
BP gains after Rosneft offer; markets cautious ahead of EU summit; Chinese economic data impresses.
Broker snap: Investec downgrades Lloyds to 'sell'
Thursday 18 Oct 2012
With Lloyds Banking Group trading at a 12-month higher, Investec has downgraded its rating for the stock from 'hold' to 'sell' and recommends investors to 'seek refuge' in sector peers Barclays and Standard Chartered, both of which are rated 'buys'.
Broker tips: Go-Ahead, Booker, Mothercare
Thursday 18 Oct 2012
Jefferies has maintained its 'hold' rating and 1,220p target price for transport group Go-Ahead, saying that while the new target for bus profits should be well-received, there is still some uncertainty surrounding rail franchises.
Thursday broker round-up
Thursday 18 Oct 2012
Ashtead, ASOS, AZ Electronic, Booker, Britvic, Caretech, CRH, CVS, Ferrexpo, First Derivatives, Go-Ahead, Hays, Informa, Interserve, JLT, Ladbrokes, Michael Page, Mothercare, Petrel, Rexam, Shell, SAB, Spirent, SThree, Thomas Cook, William Hill, Workspace, Xchanging
EVRAZ sees production and prices fall in the third quarter
Thursday 18 Oct 2012
EVRAZ, the steel, mining and vanadium group, saw production decrease in the third quarter while prices were hit by tough conditions in global steel markets.
FX round-up: Euro surges after Moody's
Thursday 18 Oct 2012
The euro rose against most major currencies on Wednesday after Moody’s Investors Service kept Spain’s credit rating one notch above junk grade.
UK retail sales rose ahead of expectations in September
Thursday 18 Oct 2012
UK retail sales volumes rose by 0.6 per cent month-on-month (2.5 per cent year-on-year) according to the latest data out today from the Office for National Statistics (ONS).
Thursday newspaper round-up: Eurozone, BP, Bumi
Tuesday 16 Oct 2012
Friction between France and Germany set the scene for a bumpy summit today in which European Union leaders are to lay the groundwork for bolstering the fragile Eurozone and open the way to a two-tier Europe with Britain on the outside. President Hollande fired an undiplomatic broadside at Germany, urging France’s traditional co-pillar of the EU to show more solidarity with the weaker members,
Commodities: Oil back where it started
Tuesday 16 Oct 2012
Crude oil futures settled the day not much changed from how they started as investors looked to a bigger-than-expected increase in US crude supplies as well as a brighter demand outlook.
Broker snap: Nomura raises Pearson target after Embanet purchase
Tuesday 16 Oct 2012
Education power-house Pearson has this morning announced that it is to purchase Embanet Compass from private equity outfits Technology Crossover Ventures and Knowledge Universe Limited for 650m dollars (406m pounds), or five times sales.
Bonds: Increased risk sees 'safe-haven' yields rise
Tuesday 16 Oct 2012
Improving newsflow in the Eurozone and increased risk appetite saw the relatively 'safe-haven' bonds in the UK, US and Germany decline on Tuesday afternoon.
Britivic counts cost of Fruit Shoot recall
Tuesday 16 Oct 2012
Britvic, the soft drinks firm in merger talks with Irn Bru maker AG Barr, saw full year underlying revenue decline a touch, primarily because of the recall of its Fruit Shoot products.
FTSE 100 movers: Financials, miners jump on increased risk appetite
Tuesday 16 Oct 2012
Financial and resource stocks were performing well on Tuesday afternoon as investors adopted a 'risk-on' attitude on the back of improved newsflow from the Eurozone and better-than-expected corporate results in the US.
UK September CPI comes in flat, but rises anticipated -UPDATE
Tuesday 16 Oct 2012
The consumer prices index (CPI) for the United Kingdom remained flat in month-on-month terms during September, but the year-on-year rate fell to 2.2 per cent, following a rate of 2.5 per cent in August, according to the latest data out today from the Office for National Statistics (ONS).
London open: Eurozone progress lifts stocks early on
Tuesday 16 Oct 2012
Portugal, Greece and Spain in the spotlight; markets await economic data from UK and Eurozone; Rio Tinto and Anglo American gain.
Carpetright meeting threadbare expectations
Tuesday 16 Oct 2012
Carpetright says that trading for the year to date is in line with management’s expectations and its view for the year remains unchanged.
Quite positive third quarter GDP data in China
Tuesday 16 Oct 2012
Last night saw the release of what upon first inspection look like a very solid set of Chinese macroeconomic figures. These appear to show a moderate acceleration in activity and came alongside better than expected prints for retail sales, industrial production and fixed asset investments.
Rio Tinto sees output increase across the board
Tuesday 16 Oct 2012
Diversified mining group Rio Tinto has hailed a strong set of production results in the third quarter, with iron ore, copper, bauxite, alumina, and titanium dioxide output up year-on-year.
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