Editor's Picks
MITIE 'extremely positive'
Monday 15 Aug 2011
After just three months outsourcing and energy services firm MITIE had secured 85% if its budgeted revenues for the financial year, as at the end of June. The order book is at record levels and the pipeline of opportunities remains good, the company said. Revenues and earnings are developing in line with management's expectations...
Virgin Media sheds UKTV stake
Monday 15 Aug 2011
Cable TV and internet services provider Virgin Media is to sell its stake in UKTV, the digital television group that owns channels such as Dave and Yesterday.
Premium broker snap: Strong balance sheet at Prudential, claims UBS
Monday 15 Aug 2011
UBS has raised its earnings forecasts for insurance firm Prudential following the group’s interim results released on 5 August.
Royal London charges into profit
Monday 15 Aug 2011
Royal London, the UK's largest mutual life and pensions company, leapt out of the red with pre-tax profits of £138m for the first half of the year.
Asia: Stocks put pedal to the metal
Monday 15 Aug 2011
Better than expected gross domestic product data plus an indication from the government that it is prepared to intervene to check the rise of the yen had buyers out in force in Tokyo on Monday.
London open: FTSE 100 gives up gains, Michael Page slumps
Monday 15 Aug 2011
It could be another volatile day as stocks have already given up most of their gains. Miners are posting good gains but recruiter Michael Page slumps after its half year results.
Market overview: FTSE 100 up 37
Monday 15 Aug 2011
0825: London's leading share index has got off to a strong start, with mining and banking stocks at the vanguard of the advance. Kazakhmys, which mines for copper in Kazakhstan, is the top riser, while Lloyds leads banks higher. HSBC misses out on the the banking advance though, and sits among the bottom 10. The bank is said to be in talks about selling Cambridge Water. FTSE 100 up 37 at 5,357.
Michael Page seeing banking slow-down
Monday 15 Aug 2011
International recruitment firm Michael Page made a flying start to 2011 but said profit growth in the banking sector has tailed off in the second half of the year. "While the recent turbulence in the financial markets has added an additional element of uncertainty, we expect market conditions in the UK to remain challenging, " the company said.
Terrace Hill to build Asda in East Cleveland
Monday 15 Aug 2011
Property Developer Terrace Hill is to build a new supermarket for Asda in Skelton, East Cleveland.
MITIE 'extremely positive'
Monday 15 Aug 2011
After just three months outsourcing and energy services firm MITIE had secured 85% if its budgeted revenues for the financial year, as at the end of June.
London pre-open: Footsie on the front foot
Monday 15 Aug 2011
London's leading shares are set for a bright start with City traders predicting the top-share index will open around 50 points up from Friday's close of 5,320. International recruitment firm Michael Page made a flying start to 2011 but said profit growth in the banking sector has tailed off in the second half of the year.
Sunday tips round-up: Kazakhmys, Axis-Shield, 5 post-slump shares
Sunday 14 Aug 2011
Kazakhmys operates in Kazakhstan, where it is predominantly a copper miner, though it also produces zinc, silver and gold and operates a major power station. The market for its copper is partly in Europe, but mainly in China, which is an immediate neighbour. Kazakhmys is at risk in the event of a major global slump, but its links to China, which takes almost 50% of its output, mean that it is
Sunday newspaper round-up: United Biscuits, riot fallout, petrol price cuts
Sunday 14 Aug 2011
United Biscuits could be broken up as its owners plan to revive attempts to sell the company. The move could see its biscuits business, including the McVitie’s brand, separated from its crisps and nuts division, which includes the KP label. The private equity groups Blackstone and PAI Partners have earmarked the end of the year to begin fresh talks about offloading UB, Britain’s biggest biscuit
US close: Stocks gain after retail boost
Friday 12 Aug 2011
Stocks posted good gains heading into the weekend as decent retail sales figures provided some much needed cheer.
US midday: Climb continues
Friday 12 Aug 2011
Investment bank JPMorgan Chase and mobile phone network Verizon Wireless stuck out like the proverbial sore thumbs as the only Dow Jones constituents at the end of the morning session not sporting a gain, as stocks raced ahead following some well received retail sales data.
London close: Stocks soar as outlook brightens
Friday 12 Aug 2011
Stocks were posting meaty gains heading into the weekend after four Eurozone countries banned short-selling banking stocks and strong retail sales in the US.
Gilts still wanted despite equity rally
Friday 12 Aug 2011
Gilts advanced despite a strong performance from equities, in a continuation of the unusual trading patterns seen this week.
NI rivals look to reverse circulation declines
Friday 12 Aug 2011
The demise of the News of the World (NotW) might help News International’s rivals reverse falling circulation revenues to post a rise over the full year. The last edition of the NotW was published on July 10, pretty much at the beginning of the second half of the year. Rival newspapers have reaped an immediate benefit.
Anglo Pacific boosts chromite interests
Friday 12 Aug 2011
Global natural resources royalty company Anglo Pacific has acquired a royalty interest in North America's three largest chromite ore deposits from KWG Resources.
Broker tips: Shire, Premier Oil, Trinity Mirror
Friday 12 Aug 2011
UBS has upgraded its rating on pharmaceutical firm Shire from neutral to buy, saying that the recent retreat in the share price is an “ideal buying opportunity”.
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