Editor's Picks
Premium broker snap: German withdrawal unlikely for bwin.party, UBS upgrades to 'buy'
Tuesday 14 Jun 2011
UBS is “joining the after party” and upgrading bwin.party to ‘buy’, from ‘neutral’, as the shares have dropped around 30% since the merger of PartyGaming and bwin in April.
US pre-open: Stocks are expected to open higher by 1%
Tuesday 14 Jun 2011
The main US equity benchmarks are expected to open higher by approximately 1.0% this morning, following pretty much ´in line´ Chinese and US macroeconomic indicators out this morning.
Avis buys Avis
Tuesday 14 Jun 2011
The Avis car hire brand is set to return to single ownership after US operator Avis Budget launched an agreed bid for Avis Europe.
Tesco returns to UK growth
Tuesday 14 Jun 2011
Supermarket giant Tesco showed it can still cut it in its home market as it returned to like-for-like sales growth in the UK.
RBS looking to offload vehicle leasing business
Tuesday 14 Jun 2011
The slow process of weaning the British banking sector off government-backed life-support appears to have taken a new twist. Reports suggest Royal Bank of Scotland (RBS) is in talks to sell its vehicle leasing business to General Electric, the American super-conglomerate. The name of the division under discussion is Lombard Vehicle Management (...)
Italy set to abandon nuclear plans
Monday 13 Jun 2011
Italians are currently voting on several referendums that are set to – according to initial results – deal prime minister Silvio Berlusconi a crushing defeat, forcing the government to abandon its plans to resume its nuclear energy programme.
FTSE 100 movers: ENRC, Glencore higher amid speculation
Monday 13 Jun 2011
Eurasian Natural Resources Corp (ENRC) has advanced on speculation that commodities trading house Glencore is drawing up a bid.
Broker tips: Barratt, Majestic, Tarsus
Monday 13 Jun 2011
There’s still further to go in Barratt Developments’ share price, claims Panmure Gordon, which raises its target price on the stock to 158p, from 147p.
Maple launches rival cash bid for TMX
Monday 13 Jun 2011
The bid battle between the London Stock Exchange (LSE) and Canadian consortium Maple Group for TMX Group is heating up, after Maple launched a C$3.7bn offer for the Canadian bourses operator.
Premium tips: Axis-Shield, Imperial, Faroe Petroleum...
Monday 13 Jun 2011
Investec raised its rating on in vitro diagnostics firm Axis-Shield from ‘hold’ to ‘buy’, “based around our view that the lipids panel could be transformational.” The broker hikes its target price from 250p to 410p. While this target could rise to 520p by 2013, both prices "are more than enough to support a Buy case.”
Chinese data set assuages some concerns in the markets
Monday 13 Jun 2011
A barrage of macroeconomic statistics out this morning in the People’s Republic of China seems to have assuaged some market concerns regarding the risk of an economic ‘hard landing’, although yesterday’s weak bank lending statistics may still be on some peoples’ minds.
Premium broker snap: Investec upgrades Axis-Shield to 'buy'
Monday 13 Jun 2011
Shares in Axis-Shield were helped higher after Investec raised its rating on the in vitro diagnostics firm from ‘hold’ to ‘buy’, saying that “it is time to get off the fence”.
Europe midday: Shares drifting
Monday 13 Jun 2011
It was a quiet morning session for European stocks made all the more uneventful by market holidays in Austria, Greece, Luxembourg, Denmark, Norway and Switzerland.
Wood Group's shareholders to pocket £665m
Monday 13 Jun 2011
Energy services firm Wood Group will return 140p per share to its shareholders, in the second stage of its £1.08bn return of cash programme.
To our respected readers
Monday 13 Jun 2011
To our respected readers, As some of you may have noticed, Digital Look has been undergoing some changes since 24th of January 2011. This is when Web Financial Group UK, the financial technology company, acquired Digital Look from CMC Markets. First of all, please rest assured that we constantly endeavour to maintain and grow this trusted franchise (...)
London pre-open: More falls expected
Monday 13 Jun 2011
The top share index is expected to fall slightly, adding to the big losses seen at the end of last week. Imperial Tobacco has slashed profit expectations for its Spanish business after competition in the country forced it to cut prices for cigarettes. Imperial said operating profits in Spain could fall short of previous expectations by up to £110m.
Majestic Wine toasts profit surge
Monday 13 Jun 2011
Aim listed wine retailer Majestic Wine reported a 26.6% increase in annual profit, lifted its final dividend and said it was encouraged by current trading despite challenging market conditions.
London pre-open: More falls expected
Monday 13 Jun 2011
The top share index is expected to fall slightly, adding to the big losses seen at the end of last week.
Week ahead: Tesco and Sainsbury's to post sales growth
Friday 10 Jun 2011
Warm weather and a string of bank holidays recently has been good news for many consumer-facing companies lately and the broker Panmure Gordon expects supermarket giant Tesco to report a return to like-for-like sales growth in the UK in the first quarter.
Rumours resurface of an ENRC buyout by Glencore, but …
Friday 10 Jun 2011
Glencore Chief Executive Ivan Glasenberg has held talks in recent weeks with ENRC's three founders and key shareholders Alexander Mashkevitch, Patokh Chodiev and Alijan Ibragimov, the Sunday Times says, citing a source with knowledge of the discussions. Also according to said source, "Both sides want to do it."
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