Editor's Picks
FTSE 100 movers: Whitbread, miners firmly higher
Tuesday 21 Jun 2011
Whitbread and the miners are lifting the blue chip index higher on Tuesday afternoon, with the FTSE 100 up 51 points at 5,744 as of 13:55. Strong sales growth at Costa coffee shops helped hotel and restaurant group Whitbread to offset subdued activity in its restaurant division to grow total sales by 9.2% in first quarter. Shares have jumped by 7%.
Rio ups stake in Ivanhoe Mines
Tuesday 21 Jun 2011
Multi-metal miner Rio Tinto is to raise its stake in Toronto- and New York-listed Ivanhoe Mines after exercising its remaining warrants for the ongoing development of the copper and gold Oyu Tolgoi project in southern Mongolia. Rio gave notice on Tuesday that it will be increase its shareholding from 42% to 46.5%, after acquiring over 55.12m shares...
Premium tips: C&W Comms, Whitbread, Nautical Petroleum...
Tuesday 21 Jun 2011
UBS upgraded Cable & Wireless Communications from 'sell' to 'neutral' after the stock's recent poor run, but scaled back some figures after the group's full-year results announced last month. Nevertheless, the Swiss bank has lowered its EPS estimates up to 11%, "and cash flow more", due to the underlying fall in EBITDA, raised D&A/capital expenditure and interest. The target price is cut to 35p,
£54m payout for Arch Cru investors
Tuesday 21 Jun 2011
Scandal-hit CF Arch Cru funds and the administrator of these funds, The Capita Group, have agreed with the UK’s financial regulator to pay £54m to the investors holding shares in the Arch Cru range of funds, ending a long awaited response from the regulator.
London midday: Company updates boost FTSE 100
Tuesday 21 Jun 2011
The top share index is buoyant amid hopes the Greek debt crisis may be nearing a resolution, while some well-received company statements are underpinning the gains. Strong sales growth at Costa coffee shops helped hotel and restaurant group Whitbread to offset subdued activity in its restaurant division to grow total sales by 9.2% in first quarter. Shares are over 7% higher as of 12:10 on Tuesday
UK manufacturing survey results continue to baffle some
Tuesday 21 Jun 2011
The puzzle continues. Far from converging with what other surveys for British manufacturing are pointing towards the Confederation of British Industry´s (CBI) latest monthly data have shown a further improvement still for the month of June. UK manufacturers have continued to, “report healthy order books and expect further output growth in the coming quarter," according to the CBI.”
Europe midday: Stocks consolidate early gains
Tuesday 21 Jun 2011
Europe's leading stocks have added to early gains as the market snaps out of the slough of despond it was in over the Greek debt crisis.
Broker snap: SABMiller's financing a concern for Nomura
Tuesday 21 Jun 2011
Nomura keeps its ‘reduce’ stance on brewer SABMiller, saying that while the bid level for Foster’s was as expected, the company will probably have to pay more which will highlight some uncertainty around its financing.
Petro Matad posts wider net loss, shares slide
Tuesday 21 Jun 2011
Mongolian oil explorer Petro Matad reported a wider full-year net loss due to soaring exploration expenses, sending its shares tumbling more than 4%.
UK manufacturing survey results continue to baffle some
Tuesday 21 Jun 2011
The puzzle continues. Far from converging with what other surveys for British manufacturing are pointing towards the Confederation of British Industry´s (CBI) latest monthly data have shown a further improvement still for the month of June. Thus, UK manufacturers have continued to, “report healthy order books and expect further output growth in the coming quarter (...)
Premium broker snap: UBS upgrades CWC to 'neutral'
Tuesday 21 Jun 2011
UBS has upgraded Cable & Wireless Communications (CWC) from 'sell' to 'neutral' after the stock's recent poor run, but has scaled back some figures after the group's full-year results announced last month.
Misys jumps after confirming approach
Tuesday 21 Jun 2011
Misys has confirmed responded to recent speculation over a possible offer for the IT group.
Misys jumps after confirming approach
Tuesday 21 Jun 2011
Misys has confirmed responded to recent speculation over a possible offer for the IT group. “The board of Misys plc notes the recent speculation regarding a possible offer and confirms that it has received a preliminary approach that may or may not lead to an offer being made for the company,” the company said.
Domino Printing sales grow 8%, divi hiked
Tuesday 21 Jun 2011
Industrial printing firm Domino Printing Sciences hiked its interim dividend by 20% after strong product demand and initial sales of its new printer ranges drove first half revenue 8% higher.
Europe open: Greek picture brightens
Tuesday 21 Jun 2011
European markets continue to dance to a Greek tune and this morning the tempo is more upbeat and jaunty as fears of Greece defaulting on its debt recede.
RPC profit soars
Tuesday 21 Jun 2011
Plastic packaging supplier RPC revealed a surge in full year pre-tax profit and expects further growth from mature European and emerging markets.
London open: Whitbread pulls Footsie above 5,700
Tuesday 21 Jun 2011
The Footsie opened moderately higher, recovering after yesterday's losses. The FTSE 100 is 31 points up at 5,724 in early trading, being helped by strong gains from Whitbread and the mining sector. Strong sales growth at Costa coffee shops helped hotel and restaurant group Whitbread to offset subdued activity in its restaurant division.....
Whitbread gets a caffeine kick, sales rise 9% in Q1
Tuesday 21 Jun 2011
Strong sales growth at Costa coffee shops helped hotel and restaurant group Whitbread to offset subdued activity in its restaurant division to grow total sales by 9.2% in first quarter. The group said that the trading momentum during the 13 weeks to 2 June was consistent with the outlook at its full-year results, with like-for-like (LFL) sales up 1.7%...
London pre-open: Foster's couldn't give a XXXX for bid
Tuesday 21 Jun 2011
Blue-chip shares are set to open on a firm note, with the Footsie tipped to move back above the 5700 level, advancing around 30 points from last night's close of 5,693. At the risk of mixing up the advertising slogans of Australian lagers, Aussie brewer Foster's has indicated it could not give a XXXX for the A$4.90 per share proposal from South African brewer SABMiller, saying that the offer "signifcantly undervalues the company".
Foster's rejects SABMiller's £7.3bn offer
Tuesday 21 Jun 2011
Australian brewing giant Foster's Group has rejected a A$4.90 per share proposal from SABMiller, saying that the offer "signifcantly undervalues the company". "The Board of Foster's believes that the proposal significantly undervalues the company in the context of a change of control and, as such, it does not intend to take any further action in relation to it," Foster's revealed...
You are here: news > editors picks
10 Lower Thames St,
London EC3R 6EN