Editor's Picks
Edwards pulls flotation amid uncertainty
Friday 08 Apr 2011
Pump and valve manufacturer Edwards has become the latest company to pull its initial public offering (IPO) due to difficult market conditions.
Telford Homes sees FY in line
Friday 08 Apr 2011
East London focused residential property developer Telford Homes said trading for the year ended 31 March 2011 is expected to be in line with market expectations. The group also announced it completed a £70m banking facility with RBS, HSBC and Santander on 31 March 2011. The facility lasts for three and a half years until 30 September 2014.
US weekly jobs claims in line
Thursday 07 Apr 2011
Initial unemployment claims for the week ending on the past 2nd of April fell by -10,000, to 382,000, according to the latest Bureau of Labor Statistics data.
Analysis: ECB seen holding rates next month
Thursday 07 Apr 2011
The European Central Bank (ECB) has raised interest rates for the first time since they were slashed in the wake of the 2008-09 global financial crisis.
Analysis: ECB seen holding rates next month
Thursday 07 Apr 2011
The European Central Bank (ECB) has raised interest rates for the first time since they were slashed in the wake of the 2008-09 global financial crisis.
Halfords could face an uphill struggle
Thursday 07 Apr 2011
The former cabinet minister Norman Tebbit once advised the unemployed to “get on your bike” and look for work.
ECB lifts rates by 0.25%
Thursday 07 Apr 2011
The European Central Bank (ECB) has raised interest rates for the first time since they were slashed in the wake of the 2008-09 global financial crisis.
German tax proposals slammed by bwin.party
Thursday 07 Apr 2011
Bwin.party Digital, the new name for online gaming leviathan Partygaming, has a bee in its bonnet about proposed revisions to the German State Lottery Treaty, especially the proposed 16% levy on sports betting stakes. The new proposals were outlined by the conference of minister-presidents in Germany on Wednesday.
Broker snap: M&S 2011/12 profit forecasts to be shaved
Thursday 07 Apr 2011
Analysts at Credit Suisse are generally positive on Marks and Spencer (M&S) following Wednesday’s quarterly trading statement.
Barclays sees downside risks for EUR/USD
Thursday 07 Apr 2011
Analysts Yuki Sakasai and Aroop Chatterjee, at Barclays Capital, see some downside risks for EUR/USD arising from today’s European Central Bank (ECB) rate setting meeting.
Electrocomponents ups profit forecast
Thursday 07 Apr 2011
Electronics and maintenance products supplier Electrocomponents expects pre-tax profits for the year to 31 March to be marginally above previous expectations after strong international sales helped drive sales above £1bn for the first time in the group’s history. Sales in the quarter to 31 March were up by about 17% from the same period the previous year.
FDA approves Astra's thyroid cancer drug
Thursday 07 Apr 2011
Anglo-Swedish drugs leviathan AstraZeneca has received approval from the US Food and Drug Administration (FDA) for its thyroid cancer treatment Vandetanib.
Carpetright issues second profit warning of 2011
Thursday 07 Apr 2011
Carpetright has become the latest British retailer to warn on profits. In its second profit warning this year, the flooring and carpet retailer says it now expects pre-tax profits for the year to 30 April to be in line with those achieved in its 2009 financial year, when trading was hit hard by the economic crisis.
Technical analysis: Raise stop loss after gold rush
Wednesday 06 Apr 2011
The continued uncertainty in global markets has seen something of a gold rush, leading to the price of the June futures contract - the most widely traded contract for the yellow metal - hitting a new high in the first week of April.
JJB to issue shares at substantial premium
Wednesday 06 Apr 2011
Details of the long awaited share placing by cash-strapped sportswear retailer JJB Sports have been released, resulting in a much needed boost to the share price. The company is proposing to raise £65m (gross) and £60m (net) through a placing and open offer of 162.5m shares at 40p each, a significant premium to the prevailing share price ahead of the placing announcement.
Germany factory orders surprise strongly on the upside
Wednesday 06 Apr 2011
German factory orders rose by a very strong 2.4% in February (20.1% on year), according to the latest data from the German Ministry of Economics.
Investors queue up ahead of Glencore flotation
Wednesday 06 Apr 2011
Investors have shown a strong appetite for shares in Glencore, the Swiss-based commodity house that is planning to list in London next month.
Shire slaps US rival with a lawsuit
Wednesday 06 Apr 2011
Drugs firm Shire has filed a lawsuit against US rival Watson Pharmaceuticals, claiming an infringement of Shire's ADDERALL XR patents, and a breach of contract.
Brokers applaud M&S results
Wednesday 06 Apr 2011
High street stalwart Marks & Spencer saw a sharp drop in like-for-like sales of clothes and other non-food items in the 13 weeks to 2 April, though the fall wasn't as severe as expected and overall sales growth was maintained. General merchandise sales were down by 3.4% from the same period last year, which was not as bad as the 6.25 fall the market had been expecting.
Misys on track for targets
Wednesday 06 Apr 2011
Financial software provider Misys reported a 7% rise in year on year revenue in the third quarter ended 28 February 2011, following strong demand for its products, and said it was poised to meet medium-term targets.
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