Editor's Picks
Europe close: Greek market soars above the rest
Friday 03 Jun 2011
European markets registered moderate gains despite taking a hit after lunch on the back of a poor start on Wall Street. Meanwhile, Greek stocks soared on positive comments from the Finance Ministry.
Week Ahead: Halfords, Phoenix IT, BoE rate decision
Friday 03 Jun 2011
There are not many big guns releasing trading updates next week, leaving the stage clear for second liners such as Halfords.
Sunday newspaper tips round-up: Rio Tinto and WPP
Friday 03 Jun 2011
The Questor team at The Sunday Telegraph has weighed in this weekend in favor of Rio Tinto shares, because they consider them to be cheap. To back up their arguments they cite research from analysts at Citi and RBS. Thus, the former have recently pointed out that, “Over the past 10 years, BHP and Rio have traded on about the same multiples.” Now, however, Rio is trading on a multiple of 6.7
FTSE 100 movers: Autonomy tops the risers
Friday 03 Jun 2011
Data search group Autonomy is the top riser in the FTSE 100 after completing the $380m acquisition of assets from Iron Mountain.
US open: Stocks dive after paltry jobs rise
Friday 03 Jun 2011
US stocks have taken a dive after some much weaker than expected jobs data.
Treasuries jump after jobs shock
Friday 03 Jun 2011
European bond markets are quiet, but a much smaller than expected rise in employment in the world’s biggest economy had US investors flocking to the safety of government debt.
London close: Footsie recovers after steep fall
Friday 03 Jun 2011
After a steep decline after lunch - on the back of a poor start on Wall Street - the Footsie recovered to finish above water, albeit only by around 0.1%.
Premium tips: ASOS, DP World, Workspace Group...
Friday 03 Jun 2011
With in-line results and the absence of any upgrades, ASOS has had its rating cut to ‘sell’, from ‘neutral’, by UBS, who thinks that the group would need to deliver a faultless performance to justify such an overvalued share price. A 1,750p target price is maintained.
London midday: Traders sit tight ahead of US jobs figures
Friday 03 Jun 2011
Stocks are pausing for breath following some big losses lately, with traders now looking ahead to US jobs data due later this afternoon.
Broker tips: WPP, Victrex, Workspace Group
Friday 03 Jun 2011
Nomura has reduced its full-year revenue assumptions for advertising and marketing group WPP as growth in April appears to have slowed slightly after a stronger first quarter.
Broker snap: Growth estimates scaled back at WPP
Friday 03 Jun 2011
Nomura has reduced its full-year revenue assumptions for advertising and marketing group WPP as growth in April appears to have slowed slightly after a stronger first quarter.
Asia: Stocks stumble ahead of US jobs data
Friday 03 Jun 2011
The Nikkei retreated on Friday as traders nervously await the latest data on the
Bank of Ireland in massive fund raising
Friday 03 Jun 2011
European midday equity market report
US pre-open: Stocks to slide after jobs disappointment
Friday 03 Jun 2011
US futures are pointing sharply lower after some much weaker than expected jobs data.
US Midday: The US faces an unemployment crisis, PIMCO says
Friday 03 Jun 2011
Stocks are now trading well off their lows but are still in the red (Dow Jones Industrials: -52, Nasdaq Comp.: -19, S&P 500: -6) following the release of what almost everyone is describing as a very weak employment report. No one is going as far as suggesting that the Federal Reserve will engage in more asset repurchases, but the mere fact that this question is coming back would seem to attest as
S&P warns of potential downside risks to commodities
Thursday 02 Jun 2011
In a report published this afternoon ratings agency Standard&Poors has warned that a “sudden” slowdown in China could lead commodity prices to fall as much as 75% from current levels. In its opinion, apparently, unexpected shifts in government policies or problems in the banking sector could trigger such a slowdown. In this same vein, S&P analyst Scott Sprinzen said by telephone from New York, to
Europe close: Greek crisis rolls on
Thursday 02 Jun 2011
Despite markets recovering slightly after an early sell-off, bourses headed lower in the afternoon as a poor start on Wall Street fuelled the decline. After downgrading Greek sovereign debt the night before, Moody’s further dampened sentiment in the US, after putting debt ratings for Citigroup, Bank of America and Wells Fargo on review for a possible downgrade.
US Midafternoon: Bank stocks turn around and trade up
Thursday 02 Jun 2011
The main US equity benchmarks are now trading mixed (Dow Jones Industrials: -22, Nasdaq Comp.: 7, S&P 500: 0), with investors possibly opting to wait on the sidelines ahead of tomorrow’s non-farm payrolls data. Also of note, some market observers have picked up on the apparent break down in negotiations between Spanish unions and employers. Not to be lost sight of either, a report out from S&P
Moodys warns that it may downgrade US debt
Thursday 02 Jun 2011
Moody's has warned it may downgrade the US debt rating if Congress fails to increase the US debt limit in the coming weeks and risks default, the BBC is reporting this morning.
Friday preview: Hornby hopes to pick up steam
Thursday 02 Jun 2011
The brand names controlled by hobby products firm Hornby are enough to make men of a certain age go all misty eyed: as well as the eponymous trains sets, the company produces Scalextric racing sets, Airfix model kits and Corgi die-cast models.
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