Editor's Picks
Nighthawk names new COO
Tuesday 19 Jul 2011
US-focused oil producer Nighthawk Energy has appointed Charles “Chuck” Wilson as its chief operating officer, adding another new member to its executive management team in three months. In May, Richard Swindells joined Nighthawk’s board of directors as the chief financial officer. Wilson, who has more than 30 years of drilling and completions experience,
Sales growth continues at Craneware
Tuesday 19 Jul 2011
Scotland-based software developer Craneware said revenue for the year ended 30 June 2011 is expected to have grown by 34% from $28.4m in 2010. The group, which provides revenue calculating software to US hospitals, said it is trading in line with company forecasts as it closed the year on strong footing.
Europe open: Banks rise after licking wounds
Tuesday 19 Jul 2011
Buyers returned to the market after yesterday's battering, with the banks sector bouncing back strongly after bearing the brunt yesterday of the market's anger at what were perceived as toothless European banking stress tests.
London open: Stocks stage partial recovery
Tuesday 19 Jul 2011
Stocks are edging higher after a tough day yesterday when concerns over European and US sovereign debt sent traders rushing for the exits.
IG Group posts higher profit
Tuesday 19 Jul 2011
IG Group’s full year results have come in a shade of expectations, with the spread-betting company continuing to bag new clients in spite of tough economic conditions. In the year to 30 May, adjusted pre-tax profits came in £163m, up by 3.4% from the previous year, ahead of IG’s previous prediction of a 3% rise
Tuesday tips round-up: Electrocomponents, United Carpets, Phytopharm
Tuesday 19 Jul 2011
Shares in Electrocomponents are currently 22% below their peak in May and 9% below the price when its smaller rival Premier Farnell came out with a shock profit warning a week into July. This suggests either that both companies, distributors of a huge range of electronics products, are running into the same problems of slowing markets and possibly looking at a double-dip recession, or that this
Land Securities hails 'sound progress'
Tuesday 19 Jul 2011
Real estate investment trust Land Securities said the outlook for development in London remains attractive while even the battered retail sector has its bright spots.
RBS high-flyer to defect to Lloyds
Tuesday 19 Jul 2011
Nathan Bostock, seen as a potential successor to chief executive of Stephen Hester at Royal Bank of Scotland (RBS), is to jump ship to fellow part-nationalised lender Lloyds Banking.
Usurper Greene King snaps up Capital Pub
Tuesday 19 Jul 2011
After a fractious courtship with Fuller Smith & Turner, London-based pub group Capital Pub Company has fallen into the arms of rival pub group Greene King, which has agreed to pay 235p a share for Capital. The agreed offer, which values Capital Pub at about £70m, is substantially ahead of the 200p Fuller’s was willing to stump up for the operator of more than 30 pubs in the London area.
US close: Debt worries dampen Street
Monday 18 Jul 2011
US debt limit worries added to the negative mood on Wall Street on Monday, while the European debt crisis and contagion concerns rolled on.
Whitbread's Harrison takes a top-up
Monday 18 Jul 2011
A round-up of the biggest director deals today so far.
European private banks to face new regulatory challenges
Monday 18 Jul 2011
Private banks in Europe sustained their tepid recovery last year, helped by a rebound in the financial markets and cost cutting activities, according to a McKinsey & Co report, but said that profitability and net inflows were “well below” pre-crisis period. The management consultancy’s European private banking survey showed that on average, assets under management last year grew
Weak markets hit Philips profit
Monday 18 Jul 2011
Electronics manufacturer Philips has just reported a net loss of €1.34bn for the second quarter compared to the €259m euro profit from the same period of last year. It was hit by weaker markets and a €1.4bn write-down in asset value. Sales totaled €5.21bn euros compared to €5.35bn a year earlier. The Dow Jones market consensus
Tuesday Preview: IG Group, Land Securities
Monday 18 Jul 2011
Investors will be keen to see if spread-better IG Group’s prediction that full year profits up by 3% from the previous year comes true.
Italian markets suspension adds to investor jitters
Monday 18 Jul 2011
Three of Italy's financial markets have been suspended due to "technical issues". The ETF, SeDeX and MOT platforms started to experience problems in early trading and by 1500 Italian time they had still not been fixed. Given that the MOT market provides for transactions in government debt, the news will have alarmed investors already spooked by Italy's giant public debt.
Italian & Spanish bonds hit record highs
Monday 18 Jul 2011
Italian bond prices have fallen back slightly after its benchmark 10 year debt reached record highs of over 6%.
Tuesday Preview: IG Group, Land Securities
Monday 18 Jul 2011
Investors will be keen to see if spread-better IG Group’s prediction that full year profits up by 3% from the previous year comes true. However, predictions for the future could be more interesting. Collins Stewart thinks the company will reduce its forecasts for the next two financial years due to cost pressures.
European private banks to face new regulatory challenges
Monday 18 Jul 2011
Private banks in Europe sustained their tepid recovery last year, helped by a rebound in the financial markets and cost cutting activities, according to a McKinsey & Co report, but said that profitability and net inflows were “well below” pre-crisis period.
Broker snap: Rank is a 'compelling investment proposition', says Panmure
Monday 18 Jul 2011
Panmure Gordon has reinstated its buy recommendation on bingo hall and casino operator Rank Group, saying that Rank remains “a compelling investment proposition”.
FTSE 100 movers: Stress tests provide concern for banks
Monday 18 Jul 2011
The banks were the heavy fallers on Monday, as the results of Friday’s stress tests on the Europe’s banks were seen as too soft. Markets across the continent were disappointed with the tests, with reports from Bloomberg saying that European banks may need to raise up to €80bn of extra capital after the European Banking Authority didn’t include a Greek default scenario, despite the majority of
You are here: news > editors picks
10 Lower Thames St,
London EC3R 6EN