Editor's Picks
Sunday newspaper round-up: Rolls-Royce, BP, AIM...
Friday 05 Nov 2010
Rolls-Royce, the embattled aero-engine maker, is under further pressure this weekend after one of its rivals accused it of infringing a patent.
Bernanke defends $600bn stimulus
Friday 05 Nov 2010
Ben Bernanke has rejected criticism of the US Federal Reserve’s additional $600bn stimulus package, saying it will not lead to higher inflation. “I have rejected any notion that we are going to raise inflation to a super-normal level in order to have effects on the economy,” Bernanke said. US policy is likely to be a major topic of discussion at the upcoming G20 leaders’ summit in South Korea.
Company analysis: Wasabi's Kalina Cycle opportunity
Friday 05 Nov 2010
Cleantech flotations are returning to AIM with the recent new entrants HaloSource and Caparo Energy being followed by an Australian cleantech business developer.
US employment jumps as firms start hiring
Friday 05 Nov 2010
Employment rose more than expected in the US last month signalling that company bosses have enough confidence in future growth prospects to take on more staff.
Gold hits new high as dollar wilts
Friday 05 Nov 2010
The price of oil rose for a fifth day in a row on Thursday, the longest winning streak since April of this year, as the US dollar retreated in the wake of the Fed’s decision to resume quantitative easing (QE).
Shell sells Gulf of Mexico oil fields
Friday 05 Nov 2010
Oil giant Shell has agreed to sell stakes in six Gulf of Mexico oil and gas fields for $450m (£280m) as it seeks to invest in ‘more promising’ growth opportunities.
Artificial joints bolster Smith & Nephew
Friday 05 Nov 2010
A good performance from its orthopaedics business helped wound care and artificial joint maker Smith & Nephew over the past three months.
Mail.ru floats at top dollar
Friday 05 Nov 2010
Russian internet group Mail.ru has priced its IPO at $27.70, right at the top end of its indicated price range and a price that values the firm at $5.7bn. Conditional trading in the GDRs starts today, with full trading scheduled for 11 November. The gross proceeds from the primary portion of the offering are expected to be approximately $84m
Stocks soar after US expands stimulus
Thursday 04 Nov 2010
Stocks have soared across the markets on hopes new stimulus measures announced in the US last night will help sustain the global economy. While the US Federal Reserve yesterday said it will purchase a further $600bn of longer term treasuries by the end of the first half of 2011, QE programme here remains at £200bn and rates are stuck at 0.5%.
Canada blocks BHP Potash bid
Thursday 04 Nov 2010
BHP Billiton's bid for fertiliser giant Potash has been blocked by the Canadian government on the grounds it is not in the country's interest.
JD Wetherspoon Q1 lfl sales up 1.6%
Thursday 04 Nov 2010
First quarter like-for-like sales at pub chain JD Wetherspoon increased 1.6% while total sales in the period rose 7.3%.
Morrisons on track, inflation rises
Thursday 04 Nov 2010
Supermarket Morrisons saw a ‘solid performance’ in the 13 weeks to October 31, while reporting a slight increase in retail price inflation.
Service sector growth picks up
Wednesday 03 Nov 2010
Expansion in the services sector, Britain's largest, picked up in October, new data shows.
Car sales accelerate in the US
Wednesday 03 Nov 2010
Latest figures from car manufacturers have prompted expectations that car sales in the US last month will be the highest in two years.
Bingo keeps 888 steady
Wednesday 03 Nov 2010
Online gamer 888 kept income steady in the last three months as a good performance in bingo offset sharp falls in its casino and poker income.
Petropavlovsk slashes production target
Wednesday 03 Nov 2010
Russian gold miner Petropavlovsk, the old Peter Hambro Mining, has cut its full-year production target again following delays at its Pioneer mine, first flagged in August.
US expands quantitative easing
Wednesday 03 Nov 2010
The US has embarked on a new phase of quantitative easing as the world’s biggest economy seeks to prevent its recovery from faltering. The Federal Reserve will purchase a further $600bn of longer term treasuries by the end of the first half of 2011. ‘The pace of recovery in output and employment continues to be slow,’ the Fed said in a statement.
Cobham uncertain over Q4 growth
Wednesday 03 Nov 2010
High tech defence group Cobham said its commercial markets remain stable, but fragile, with some US customers still reluctant to put pen to paper.
Lloyds appoints Santander UK chief as new boss
Wednesday 03 Nov 2010
Lloyds Banking has appointed Antonio Horta-Osorio, the head of Spanish bank Santander's UK business, as its new chief executive replacing Eric Daniels who is stepping down.
Saudis spark oil rally
Tuesday 02 Nov 2010
Oil prices neared a fresh two-week high Tuesday following strong manufacturing data out of the US and China yesterday, and as Saudi Arabia hinted they won’t get in the way of a rise to $90 a barrel.
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