Editor's Picks
Friday tips round-up: Savills, Soco, Sage...
Friday 19 Aug 2011
The last time we looked at the Savills, we opted to buy, reasoning that its international reach, coupled with exposure to the resilient upper end of the UK market, gave it an edge. Yesterday's half-yearly results confirmed our confidence. The group said revenues in the six months to the end of June had climbed by 10 per cent, with pre-tax profits surging by nearly 40 per cent, as it drew strength
Friday newspaper round-up: Autonomy/H-P, Markets, Gold...
Friday 19 Aug 2011
Autonomy, the UK’s largest software company, is being bought by Hewlett-Packard with an enterprise value of $11bn (£6.7bn) in the latest takeover of a FTSE 100 company by a foreign acquirer. The deal was announced as HP revealed disappointing quarterly earnings along with plans to spin off its personal computer business.
US close: Street takes a hammering
Thursday 18 Aug 2011
Just when the market turmoil was beginning to calm down, equities suffered another battering on Thursday after Morgan Stanley cut its global growth forecasts for 2011.
London close: Stocks slump again
Thursday 18 Aug 2011
Volatility returned with a vengeance on Thursday, with the leading share index slumping back towards the lows it hit last week.
Cineworld squeeze shows times really are tough
Thursday 18 Aug 2011
Cinema operator Cineworld’s profits fell in the half year to 30 June, which on the face of it is worrying given that it was one of the stocks that fared well in the aftermath of the global economic crisis.
US open: Dow Jones dives 500 points
Thursday 18 Aug 2011
Stocks have dived in early dealings amid intensifying worries over the global economic recovery.
US pre-open: Wall Street to join the slide
Thursday 18 Aug 2011
Stocks are set for heavy falls as gloom over global economic growth blankets the markets again.
FTSE 250 Movers: Savills given leg up by 39% profit surge
Thursday 18 Aug 2011
Savills' share price was looking up after the real estate advisor posted a 39% surge in half year profit and said it remains well positioned for long term growth across its core regions.
Gilt surge continues as worries grow
Thursday 18 Aug 2011
Gilts continued soaring on Thursday amid another slump in global equities and after some disappointing retail sales data.
Europe midday: Equities routed
Thursday 18 Aug 2011
European markets are sharply lower across the board, as US investment bank Morgan Stanley warned that both the US and Europe are dangerously close to moving back into a recession.
UPDATE: Global markets plummet on growth concerns
Thursday 18 Aug 2011
The worsening outlook for the global economy hit markets hard on Thursday and pressured the price of gold to record highs, after Morgan Stanley cut its global growth forecasts for 2011. The US investment bank warned that the economic powerhouses, the US and the Eurozone, are “hovering dangerously close to a recession - defined as two consecutive quarters of contraction - ...
London midday: More losses amid global worries
Thursday 18 Aug 2011
London’s leading share index is nursing heavy losses now, with global worries over economic growth continuing to hurt sentiment. Miners are among the worst performers, with Kazakhmys, Vedanta and Rio Tinto deep in the red. FTSE 100 mining giants Anglo American, BHP Billiton and Xstrata also fall despite announcing that a coal mine in Colombia, ...
Premium broker snap: Inmarsat perhaps too optimistic, says Galvan
Thursday 18 Aug 2011
Galvan Research & Trading has moved the shares of satellite operator Inmarsat onto its sell list and said that it is wary about the firm meeting its full-year targets.
Savills posts 39% profit hike
Thursday 18 Aug 2011
Real estate advisor Savills posted a 39% surge in half year profit and said it remains well positioned for long term growth across its core regions.
Red Emperor, Range JV wins Somalian contract
Thursday 18 Aug 2011
Red Emperor Resources and Range Resources have announced that their joint venture partner Africa Oil has signed a contract for a drilling rig and third party services to drill the first well in Puntland in over 20 years.
Retail sales growth misses expectations
Thursday 18 Aug 2011
Retail sales in July grew less than expected in another sign of weakness in the UK economy.
PV Crystalox Solar still in the shade
Thursday 18 Aug 2011
Despite a significant rise in pre-tax profit for the six months to 30 June, PV Crystalox Solar has decided not to declare a dividend because of "challenging market conditions".
Foster's gives red light to amber nectar bid
Thursday 18 Aug 2011
Having rejected SABMiller's takeover approach in private, Australian brewer Foster's has now done so in public, after the multi-national brewer took its US$10bn bid direct to Foster's shareholders earlier this week. The board of iconic Aussie brewer Foster's has urged shareholders to reject the A$4.90 per share offer from SABMiller.
Profits take a tumble at Cineworld
Thursday 18 Aug 2011
Profits at cinema group Cineworld dropped by over 40% in the first half, but the firm remained upbeat in regards to its second half and full-year prospects.
Europe open: Slowing growth fears hit shares
Thursday 18 Aug 2011
Concerns over global economic growth and the Eurozone debt crisis continue to undermine confidence in European equity markets.
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