Editor's Picks
London open: Miners drag Footsie below 5,300
Thursday 18 Aug 2011
Just five stocks were making gains at 8.35am on Wednesday, as the blue chip index opened below the 5,300 level. The miners were among the worst performers, with Kazakhmys, Vedanta and Rio Tinto among the heaviest fallers, partially offsetting the gains made yesterday. FTSE 100 mining giants Anglo American, BHP Billiton and Xstrata fell ...
Education business saving the day at Holidaybreak
Thursday 18 Aug 2011
Holidaybreak, the short break specialist that is being taken over by Cox and Kings, said sales intake is down 4% on last year but it has seen a late surge in bookings at its camping division.
International Power expands Brazilian project
Thursday 18 Aug 2011
International Power, the power generator that is 70% owned by French utility company GDF Suez, is to expand the Jirau Hydro project, the largest hydro power project currently under construction in the world.
Mining giants get expansion approval for JV mine
Thursday 18 Aug 2011
FTSE 100 mining giants Anglo American and Xstrata have announced that a coal mine in Colombia, in which they own a 33.3% interest each, has received approval for its $1.3bn expansion project. The expansion is expected to increase the production and export capacity at its Cerrejón mine in La Guajira by 8m tonnes per annum (mpta) from 32 mpta to 40 mpta by 2015.
Thursday newspaper round-up: BoE, Unemployment, Merkel/Sarkozy...
Thursday 18 Aug 2011
The Bank of England has hinted that it could restart its money-printing programme as it grapples with the various economic threats posed by turmoil in the eurozone. Minutes of this month’s rate-setting meeting showed that the Monetary Policy Committee voted unanimously ito keep the interest rate at 0.5 per cent in August, with two members — Spencer Dale and Martin Weale — abandoning earlier calls
US close: Mixed finish after Dell disappointment
Wednesday 17 Aug 2011
Stocks were mixed at the close of play in line with varied reactions to corporate updates.
London close: Financials drag Footsie lower
Wednesday 17 Aug 2011
Following a steep decline early on, the blue chip index staged a partial recovery on the back of a positive start on Wall Street. Nevertheless, the Footsie still finished in the red, as losses for financial stocks outweighed gains in the mining sector. Meanwhile, it was revealed today that all nine members of the Bank of England (BoE) Monetary Policy Committee (MPC) ...
Thursday tips round-up: Lookers, Renewable Energy, ITV...
Wednesday 17 Aug 2011
Car dealership Lookers wants to use the cash to give it ammunition for acquisitions, in both the parts and motors divisions. Peter Jones, chief executive, believes it is a buyer’s market at present and that sellers will seek it out. Making judicious acquisitions in today’s climate would leave it well-placed when, or if, the economy recovers its vigour. However, the group in its present form is
FTSE 250 Movers: Nickel price knocks Talivaraara
Wednesday 17 Aug 2011
Shares in Talivaara Mining fell sharply after the Finnish miner said sales in the second quarter were held back by a maintenance stoppage and a decrease in the nickel price.
London midday: Stocks stuck lower after jobs disappointment
Wednesday 17 Aug 2011
Stocks are still under the cosh, with some week employment data adding to the general malaise. Dole claims rose the most since May 2009 last month as pressures on the British economy intensified. The Office for National Statistics (ONS) said that the number of people claiming unemployment rose to 37,000 in July, almost double expectations.
Premium broker snap: Peel Hunt unimpressed by Sage deal with MYOB
Wednesday 17 Aug 2011
Peel Hunt has expressed its caution in regards to Sage's potential purchase of MYOB, warning that the accountancy software firm may be over-paying for a business with weak growth prospects.
Revenues up at Flybe
Wednesday 17 Aug 2011
Regional airline Flybe said passengers paid more to fly in the first quarter of 2011, pushing up its revenues.
Nickel price fall a worry for Talvivaara
Wednesday 17 Aug 2011
Shares in Talvivaara Mining fell sharply after the Finnish miner said sales in the second quarter were held back by a maintenance stoppage and a decrease in the nickel price.
MPC votes unanimously to keep rates at 0.5%
Wednesday 17 Aug 2011
All nine members of the Bank of England (BoE) Monetary Policy Committee (MPC) voted in favour of maintaining the key base rate at 0.5%, according to the minutes of the 3-4 August meeting released on Wednesday. The month before, seven members of the committee voted in favour of keeping rates at their record low, while Spencer Dale and Martin Weale had called for rates to be hiked.
London open: Stocks plunge after Franco-German meeting
Wednesday 17 Aug 2011
Stocks have fallen sharply as traders give the thumbs down to yesterday's meeting between German Chancellor Angela Merkel and French President Nicolas Sarkozy.
Wednesday tips round-up: Menzies, Highland Gold, Vitec
Wednesday 17 Aug 2011
John Menzies may be remembered as a rival newsagent to WH Smith, but the company has spent the past decade transforming itself into an airline services business. The Edinburgh company’s first-half results proved to be a landmark date in that transition, as it was the first time that profits at its cargo and baggage-handling division outstripped those of its newspaper and magazine distribution
Europe open: Equities retreat on broad front
Wednesday 17 Aug 2011
European markets have given their verdict on the outcome of yesterday's Eurozone debt crisis meeting between German Chancellor Angela Merkel and French President Nicolas Sarkozy, and that verdict is a negative one.
Underlying profits rise at Henderson
Wednesday 17 Aug 2011
A £51.7m charge related to the costs of troubled rival Gartmore sent fund manager Henderson Group into the red at the halfway stage, but has not soured the group on its acquisition. "The integration of Gartmore is exceeding our expectations," revealed Henderson's chief executive, Andrew Formica, as the group announced a 78% increase in underlying profit before tax for the first half of the year.
ENRC profits soar, predicts volatility
Wednesday 17 Aug 2011
Kazakh mining giant ENRC pointed to continued growth in Kazakhstan’s neighbour China and the recovery elsewhere as it posted a sharp rise in profits and revenues in the first half year.
Improved revenue at MediaZest
Wednesday 17 Aug 2011
Advertising firm MediaZest said group revenues have improved since the start of the new financial year in April 2011 with momentum expected to carry on into the quarter ending 30 September 2011.
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