Editor's Picks
Spain still bottom of the EU employment league
Friday 01 Jul 2011
The unemployment rate for the 17 Eurozone members in May remained unchanged from April's level at a seasonally adjusted 9.9%, but was down from 10.2% in May of last year. May saw a slight increase of 16,000 unemployed persons for a total of 15.51 million. The unemployment rate also remained unchanged for the 27 EU countries at 9.3% compared to 9.7% in the previous year.
Europe midday: Markets amble higher
Friday 01 Jul 2011
The temptation to slope off and make an early start to the week-end must be growing for many traders, as European markets remain becalmed.
Flybe and JV partner Finnair buy Finnish airline
Friday 01 Jul 2011
Budget airlines operator Flybe Group along with its newly formed joint venture partner Finnair will acquire Finnish Commuter Airlines for €25m (£22.5m).
Chariot Oil raises Namibian resources estimate
Friday 01 Jul 2011
Chariot Oil & Gas has identified that its offshore assets in Namibia have a potential 16.1 billion barrels of oil, an increase from its previous estimate by 3.5% or 535 million barrels.
Premium broker snap: Lloyds on right path to recovery
Friday 01 Jul 2011
The market reacted positively to the strategic review announced by Lloyds Banking Group on Thursday and Nomura Securities has added its voice to the chorus of approval.
Manufacturing growth slows as export boost wanes
Friday 01 Jul 2011
Waning strength in the export market contributed to a fall in Britain’s manufacturing activity in June, new figures show. The Markit/CIPS purchasing managers’ index (PMI) fell to 51.3 in June from 52 in May. This month’s reading is the lowest since September 2009. “The near-stagnation signalled by the index represents a steep deterioration in the
Falklands oil no longer a dream says Rockhopper
Friday 01 Jul 2011
Rockhopper Exploration, the AIM listed oil firm, has reasserted its belief it has found a minimum of 155m “recoverable” barrels of oil in the seas off the Falkland Islands.
Europe open: Sleepy start
Friday 01 Jul 2011
It has been a good week for European stock markets but some traders look to be in the mood to bank some profits ahead of the week-end, especially as Monday could be a directionless day without the influence of US stock markets, which will be closed for the Independence Day holiday.
London open: Stocks edge higher
Friday 01 Jul 2011
Stocks have edged higher on a quiet day on the company news front following yesterday’s deluge. Pub group Greene King, which yesterday reported a big rise in profits but also reported volatile trading since the year end, sending the shares lower, has won back some losses. However, Hovis bread maker Premier Foods suffers more losses after yesterday’s profit warning.
Vodafone sells stake in Polkomtel
Friday 01 Jul 2011
Vodafone, the mobile phones giant, has sold its 24.4% stake in Polkomtel, a Polish telecoms operator.
London pre-open: Flat start in store
Friday 01 Jul 2011
London looks set for a quiet end to what has been a buoyant week with City traders expecting the Footsie to open more or less unchanged. There is not much corporate news to generate enthusiasm, and with the Greek can of worms kicked further down the road, the macro-economic scene is looking placid as well, for the time being.
Commodities: Oil gains on dollar weakness
Friday 01 Jul 2011
Oil prices have recovered from the surprise release of 60 million barrels of 'strategic reserve' on June 23rd.
Firmenich deal sweetens Pure Circle
Friday 01 Jul 2011
Plant-based sweetener-maker Pure Circle has reached a global distribution agreement with the world’s biggest fragrance and flavour company Firmenich.
Astra-Zeneca wins Japanese approval
Friday 01 Jul 2011
Astra-Zeneca, the FTSE-100 pharmaceuticals firm has won approval to sell its drug Nexium in Japan.
Friday tips round-up: Greene King, Cairn, Hampson
Friday 01 Jul 2011
While Greene King’s retail estate of 915 pubs remains the driver thanks to sizzling food sales, its brewing business and 2,400 tenanted pubs are also outpacing rivals. Greene King’s skill at increasing sales while mitigating cost rises has kept the cash flowing, allowing it to lift the divdend for the year by 7.4% – good going in a tough market. The shares, off 30.6p at 487.4p, are trading on a
All-square at half-time at Goals Soccer
Friday 01 Jul 2011
Goals Soccer Centres, the outdoor five-a-side football pitches operator, saw sales rise 3% on a like-for-like basis in the first half of 2011. The impact of the contested value added tax (VAT) on block bookings by teams to fulfil their league fixtures has resulted in overall like-for-like sales being flat.
US close: Strong end to second quarter
Thursday 30 Jun 2011
US stocks finished the second quarter on a firm footing as traders continued to bask in the glow of the apparent resolution of Greece’s debt woes. With many traders shuffling their portfolios for appearances’ sake ahead of the new quarter, the Dow Jones closed up 152 at 12,414, the S&P 500 closed 13 higher at 1,320 and the NASDAQ added 33 points to close at 2,773.
Samsung sues Apple over patent violation
Thursday 30 Jun 2011
South Korean manufacturing colossus Samsung Electronics has sued US technology darling Apple again for violating patents with the iPhone and the iPad.
Greece pushes through next stage of austerity plan
Thursday 30 Jun 2011
MPs in Athens have cleared the way for Greece to receive vital financial aid after passing a bill that that implements the austerity measures they approved on Wednesday.
London close: Rally continues as Greek fears ease
Thursday 30 Jun 2011
The rally continued Thursday, helping the top share index move back towards the 6,000 point mark it had been flitting around from the beginning of the year until the escalation of the Greek debt crisis.
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