Editor's Picks
Ireland denies bailout talks
Monday 15 Nov 2010
Ireland’s government has failed to quell talk of an emergency bailout of the country’s beleaguered economy despite denying that negotiations with the EU are taking place.
US newspaper round-up: Foreclosures, GM, Feds...
Monday 15 Nov 2010
A congressional oversight panel is set to warn on Tuesday that a widespread problem of flawed and fraudulent foreclosure paperwork could upend the housing market and undermine the nation's financial stability, just as the issue is coming under greater scrutiny this week in Washington.
Cranswick increases H1 profit, divi
Monday 15 Nov 2010
Pork specialist Cranswick served up a 12% increase in half year pre-tax profit, hiked its dividend and said it was confident for the second half.
Cranswick increases H1 profit, divi
Monday 15 Nov 2010
Pork specialist Cranswick served up a 12% increase in half year pre-tax profit, hiked its dividend and said it was confident for the second half.
Hardy rejects new offer from Beazley
Monday 15 Nov 2010
Underwriter Beazley has again been rejected by rival Hardy despite upping its indicative takeover offer by 10% to 330p.
RBS agrees £3.8bn project finance sale
Monday 15 Nov 2010
Royal Bank of Scotland is selling a non-core portfolio of about £3.8bn project finance assets to The Bank of Tokyo-Mitsubishi UFJ. A non-binding Memorandum of Understanding has already been signed for the portfolio that includes global power, global oil & gas and infrastructure assets in the UK, EMEA (Eastern Europe, Middle East, and Africa), APAC (Asia Pacific) and the Middle East.
Belter of a week for the Fundamentalist Five
Saturday 13 Nov 2010
It has been a stonking week for the Fundamentalist Five, our high income virtual portfolio.
New issues' quality helps them power ahead
Friday 12 Nov 2010
Stock market flotations are starting to pick up again and the majority of the new companies in 2010 have gone to premiums to their flotation prices - but there have been some notable exceptions. The new issues market certainly is not as frothy as five years ago and that means that flotations are normally still keenly priced.
Diamonds are for Stellar
Friday 12 Nov 2010
Chaos has reigned in Guinea in recent years, with a military coup and mass executions bringing the economy to its knees. But it’s been “business as usual” for the canny lads at Stellar Diamonds.
G20 produces wishlist not solutions
Friday 12 Nov 2010
The G20 summit in Seoul failed to reach any distinct targets in regards to global imbalances, but agreed upon “indicative guidelines” that will be finalised before June next year.
SuperGroup still in fashion
Friday 12 Nov 2010
Shares in SuperGroup have more than doubled since the fashion group behind the SuperDry label floated earlier this year.
EU growth slows in third quarter
Friday 12 Nov 2010
EU GDP rose by 0.4% in the third quarter of 2010, according to EU statistical office, Eurostat.
British Gas lifts gas prices by 7%
Friday 12 Nov 2010
British Gas will raise householders’ gas and electricity bills by an average of 7% from 10 December, the utility group’s owner Centrica has announced.
Market stability slows Tullett Prebon
Friday 12 Nov 2010
Less volatile markets have trimmed activity at money broker Tullett Prebon, with business 'relatively subdued' over the past four months.
Spectris to top market expectations
Friday 12 Nov 2010
Instrumentation and controls company Spectris has seen a revenue growth spurt in the second half of the year, prompting the group to raise profits guidance.
Rolls-Royce engine drama will hit profits
Friday 12 Nov 2010
Rolls-Royce will make less money than expected in 2010, the company warned Friday, and it’s all down to one component in the turbine area of the engine. An investigation into the engine explosion on the Trent 900 powered A380 Qantas super-jumbo has found the failure was confined to the specific component, which caused an oil fire and the release of the intermediate pressure turbine disc.
Dole claimants face penalties for rejecting work
Thursday 11 Nov 2010
People on the dole could see their benefit payments cut for three years under sweeping new reforms of the welfare system unveiled by Work and Pensions secretary Iain Duncan–Smith.
Irish concern as bond yields rise above 9%
Thursday 11 Nov 2010
The 10-year Irish bond yield has risen above 9% as Irish bonds fall for the 13th day in a row. Traders continue to offload Irish bonds, concerned over the ability of the country’s government to pay its debts. Ten-year German bund yields are one basis point lower today at 2.43%. That means that the difference in the bund and Irish bond yields is around 6.6 percentage points.
Land Securities says markets better than expected
Thursday 11 Nov 2010
Real estate giant Land Securities built underlying profit up by 6% during the first half – excluding valuation gains of £314m – and businesses are now more willing to commit to new space than even the company expected.
WH Smith sales fall in line with strategy
Thursday 11 Nov 2010
Newsagent chain WH Smith saw lower sales in its High Street and Travel divisions in the period between 1 September and 6 November, though this is in line with expectations as the company has been focusing on margins rather than sales.
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