Editor's Picks
ReThink needs no re-think
Wednesday 13 Jul 2011
ReThink Group, the AIM listed recruitment and consulting firm, says revenues in the six months to the 30th June 2011 are expected to be approximately 27% ahead of 2010.
US open: China growth boosts stocks
Wednesday 13 Jul 2011
Stocks rose in early dealings as investors looked beyond the continuing woes in Europe to focus on strong economic growth in China.
News Corporation withdraws BSkyB bid
Wednesday 13 Jul 2011
News Corporation, the newspaper publisher controlled by Rupert Murdoch, has said it is withdrawing its bid for full control of the satellite broadcaster BSkyB. It made the announcement just as the House of Commons was preparing to vote on a motion calling on Murdoch to ditch the plans. The news comes the week after the News of the World (NOTW), News Corp’s
Petrofac signs two MOUs with Petronas
Wednesday 13 Jul 2011
Oilfield services provider Petrofac has signed two memoranda of understanding (MOU) with Malaysian state-run company Petronas. One of the agreements record the undertaking by both the companies to accelerate production from block PM304, offshore Peninsular Malaysia, which includes Cendor and West Desaru fault blocks. Petrofac has a 30% equity stake in the block.
Premium tips: Burberry, Premier Oil, M&S...
Wednesday 13 Jul 2011
Iconic British luxury brand Burberry impressed Prime Markets on Wednesday after reporting better-than-expected first quarter sales. “While China has clearly been a key driver for growth, Burberry has been steadily opening its own stores and extending its ownership of franchise stores over the period, and will most certainly have contingency plans in place should any of its current markets weaken.
Premium broker snap: Buy 'retail phenomenon' Burberry, says Prime Markets
Wednesday 13 Jul 2011
Iconic British luxury brand Burberry impressed Prime Markets on Wednesday after reporting better-than-expected first quarter sales. “The retail phenomenon that is Burberry has once again defied the global recession in emphatic style, with a barely believable 34% hike in first quarter sales,” said head of dealing at Prime...
Speedy Hire in line with management expectations
Wednesday 13 Jul 2011
Construction materials hire firm, Speedy Hire, said its performance was in line with management expectations in the three months to 30 June.
Speedy Hire in line with management expectations
Wednesday 13 Jul 2011
Construction materials hire firm, Speedy Hire, said its performance was in line with management expectations in the three months to 30 June. The firm said that group revenues on a like for like basis, excluding fleet equipment sales, in the three months to 30 June were up 0.4% on the same period last year.
Broker snap: SuperGroup's numbers in line, current trading slows
Wednesday 13 Jul 2011
While full-year results for trendy fashion retailer SuperGroup were broadly in line with forecasts, and many brokers have retained their buy ratings, analysts have noted their caution in regards to current trading and slowing growth.
London midday: Supergroup leads the climb
Wednesday 13 Jul 2011
Stocks are heading in both directions following a raft of updates, but the overall direction is higher, with trendy fashion retailer SuperGroup the standout stock. SuperGroup, famous for the Superdry brand, said full-year underlying pre-tax profit soared by 89% to £50.2m, from £26.5m previously, surpassing consensus estimates of £49.6m. Group revenue jumped by
Amerisur plays the waiting game
Wednesday 13 Jul 2011
South America focused oil and gas firm, Amerisur Resources, said it expects to begin drilling of new locations in Columbia in the final quarter of 2011.
Topps Tiles sales still falling
Wednesday 13 Jul 2011
Tile and wood flooring specialist Topps Tiles continued to experience subdued trading in the 13 weeks to 2 July.
BP, partners invest £3bn to develop Shetland Islands assets
Wednesday 13 Jul 2011
Oil giant BP and its co-venturers have approved a £3bn investment programme to upgrade and replace the existing subsea facilities at the Schiehallion and Loyal oil fields by the Shetland Islands. The Quad 204 project involves replacing the existing Schiehallion floating, production, storage and offloading (FPSO) vessel with a new FPSO, which is scheduled to be installed in 2015.
BP, partners invest £3bn to develop Shetland Islands assets
Wednesday 13 Jul 2011
Oil giant BP and its co-venturers have approved a £3bn investment programme to upgrade and replace the existing subsea facilities at the Schiehallion and Loyal oil fields by the Shetland Islands. The Quad 204 project involves replacing the existing Schiehallion floating, production, storage and offloading (FPSO) vessel with a new FPSO, which is scheduled to be installed in 2015.
Petrofac signs two MOUs with Petronas
Wednesday 13 Jul 2011
Oilfield services provider Petrofac has signed two memoranda of understanding (MOU) with Malaysian state-run company Petronas. One of the agreements record the undertaking by both the companies to accelerate production from block PM304, offshore Peninsular Malaysia, which includes Cendor and West Desaru fault blocks. Petrofac has a 30% equity stake in the block.
Topps Tiles sales still falling
Wednesday 13 Jul 2011
Tile and wood flooring specialist Topps Tiles continued to experience subdued trading in the 13 weeks to 2 July.
Sir Stelios goes to war with easyJet management again
Wednesday 13 Jul 2011
The ongoing war of words between easyJet founder Sir Stelios Haji-Ioannou and the airline's management has exploded again over plans to expand easyJet's fleet. In a letter released to the London Stock Exchange this morning, Sir Stelios - who is chairman of easyGroup Holdings - accused easyJet directors of an 'incestuous' relationship with manufacturer Airbus.
Jobless claims rise by most in two years
Wednesday 13 Jul 2011
The number of Brits claiming unemployment benefit rose at the fastest pace in more than two years last month.
Europe open: Carrefour in disarray
Wednesday 13 Jul 2011
Stock market bulls were at risk of becoming an endangered species but some have been sighted this morning, as European markets generally claw back a small proportion of recent heavy falls.
Price rises on the way at Telecom Plus
Wednesday 13 Jul 2011
Utility services provider Telecom Plus has seen an organic growth spurt at the start of its financial year, but warned that it will soon have to fall in line with its competitors and hike prices. Overall customer numbers increased by 7,388 to 378,738 in the second quarter, a significant improvement on the 5,680 customers added in the corresponding quarter of last year.
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