Editor's Picks
Tuesday newspaper round-up: North Sea, Quindell, Bank of England
Monday 07 Jul 2014
The US Energy Department has issued a blistering indictment of the UK government’s tax raid on North Sea oil and gas revenues, warning that prohibitive costs threaten much of Britain’s energy industry. Washington said the increase in Britain’s petroleum revenue tax to 81% of profits for old fields and 62% for newer ventures pushed through in 2011, along with other penalties and a cap on relief
Sunday newspaper round-up: Shire, Mothercare, Blinkx, Barclays
Friday 04 Jul 2014
AbbVie is expected to make an improved offer for Shire in the next few days after its Chief Executive Rick Gonzalez visited Shire’s biggest investors in London,
SABMiller to exit investment in JSE-listed Tsogo Sun
Friday 04 Jul 2014
Drinks giant SABMiller is to dispose of its near-40% interest in South African hotel and entertainment group Tsogo Sun Holdings, valued at ZAR11.7bn ($1.09bn).
Credit Suisse sees upside to cost-cutting targets at Rio Tinto
Friday 04 Jul 2014
Credit Suisse has repeated its 'outperform' stance on diversified miner Rio Tinto, giving an optimistic outlook on cash generation and cost cutting.
UK new car market has best six-month performance since 2005
Friday 04 Jul 2014
The new car market notched up its best half-year performance since 2005 in the first six months of 2014, figures released on Friday showed.
Sunday tips round-up: Serco, Balfour Beatty, N Brown
Friday 04 Jul 2014
Serco is becoming a classic falling knife share, Questor said in The Sunday Telegraph. Its loss of the contract to run London’s Docklands Light Railway caps a grim 12 months for the outsourcing group. The problem for Rupert Soames, the new Chief Executive, is that Serco is in danger of being locked into loss-making contracts for years as costs increase. The closer management looks into the
London midday: UK stocks rangebound on NYSE holiday
Friday 04 Jul 2014
UK stocks were trading within an extremely narrow range on Friday morning as traders sat on their hands on a quiet session for global financial markets.
London open: Markets subdued on quiet end to week
Friday 04 Jul 2014
After hitting a three-and-a-half week high the previous day, UK stocks opened slightly lower on Friday in a quiet end to a busy week.
Gowex to file for bankruptcy, CEO admits wrongdoing
Friday 04 Jul 2014
Spanish broadband telecommunications specialist firm Gowex has announced the resignation of its Chief Executive Officer, Jenaro Garcia, and that it is to file for bankruptcy protection.
Sports Direct board to face shareholder backlash after bonus scheme
Friday 04 Jul 2014
Sporting goods retailer Sports Direct is likely to face a backlash from investors at its shareholder meeting later this year after a controversial bonus scheme was pushed through this week that included founder Mike Ashley.
Serco loses deal to run London's Docklands Light Railway
Friday 04 Jul 2014
Troubled support services group Serco has lost its contract to run the Docklands Light Railway in London.
German factory orders fall more than expected
Friday 04 Jul 2014
Amidst various signs of the German recovery cooling off, the Eurozone's
Ryanair carries more passengers in June
Friday 04 Jul 2014
Budget airline Ryanair hailed a shake-up of its customer service and website for boosting passenger numbers in June.
London pre-open: Little change ahead of quiet session
Friday 04 Jul 2014
UK-listed companies are expected to edge slightly lower at the opening bell following yesterday's data-heavy session and ahead of a much quieter day today.
US close: Dow, S&P hit new records after surge in non-farm payrolls
Friday 04 Jul 2014
Despite being open for just half a day, US stock markets raced ahead to record highs once again on Thursday, sparked by a jobs report that smashed economists' expectations.
Friday newspaper round-up: House prices, Sports Direct, GlaxoSmithKline...
Friday 04 Jul 2014
The risk posed by surging house prices has now spread beyond London but intervening by raising interest rates remains a last resort, Bank of England deputy governor for financial stability Jon Cunliffe said yesterday. Cunliffe stressed that although the central bank cannot control house prices it can try to prevent them exacerbating household debt levels. - The Scotsman
Workers' wages peak in their late 30s, ONS report reveals
Thursday 03 Jul 2014
Workers’ wages peak in their late 30s, according to the Office for National Statistics (ONS).
UBS expects a "tough" first quarter from Experian
Thursday 03 Jul 2014
Credit reporting group Experian is expected to report a "tough" first quarter this week, according to UBS which has trimmed its target price for the stock from 1,250p to 1,200p.
Non-farm payrolls jump 288k as jobless rate drops to 6.1%
Thursday 03 Jul 2014
The US economy added an impressive 288,000 jobs in June, according to the Bureau of Labor Statistics (BLS), while the jobless rate dropped to its lowest mark in over five and a half years.
Market overview: US non-farm payrolls jump 288k, well ahead of forecasts
Thursday 03 Jul 2014
1330: US non-farm payrolls have smashed estimates, rising 288,000 in June, up from a revised 224,000 the month before (initial estimate: 217,000). The consensus forecast was for a reading of 215,000. The jobless rate unexpectedly declined from 6.3% to 6.1%.
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