Editor's Picks
Morgan Stanley says sell European defensives, buy cyclicals and high beta
Wednesday 28 May 2014
In a note entitled 'Don't Panic, Sell Staples', Morgan Stanley's European team has perceived a "compelling opportunity" for investors to start selling defensives and rotate into oversold high beta or cyclical stocks.
Goldman excited by mobile launch at BT
Wednesday 28 May 2014
BT Group was benefiting from an upbeat outlook at Goldman Sachs on Wednesday, which said that the stock offers higher growth and a cheaper valuation than others in the sector.
Scots £1,400 each better off remaining in UK, says British government
Wednesday 28 May 2014
Britain’s Deputy Finance Minister Danny Alexander on Wednesday said Scottish people will each be £1,400 a year better off if they vote to remain part of the UK.
FTSE 250 movers: Man climbs after confirming M&A talks
Wednesday 28 May 2014
Man Group leapt after it confirmed it is in talks to buy US money manager Numeric Holdings. The world’s largest publicly traded hedge-fund manager said the discussions are “ongoing and may or may not lead to a transaction”. Numeric, which uses quantitative analysis to make investments, manages $13.9bn.
Retail sales growth slowed in May, CBI says - Alert
Wednesday 28 May 2014
The Confederation of British Industry’s distributives trades survey revealed a slowdown in the pace of retail sales growth during the month of May.
Eurozone money supply slips a tad in April
Wednesday 28 May 2014
The growth rate of so-called ‘broad’ money supply, or M3, eased to an 0.8 per cent year-on-year pace in April, according to the European Central Bank (ECB), from a downwardly revised one per cent in the month before.
Rolls Royce scores deals to design large offshore vessel
Wednesday 28 May 2014
Rolls-Royce has won a contract to design and equip a large offshore support vessel for Norwegian ship owner Island Offshore, it announced on Thursday.
Brewin Dolphin makes margin progress in first half
Wednesday 28 May 2014
Discretionary wealth manager Brewin Dolphin demonstrated mostly good progress as new management under Chief Executive David Nicol wrestled the business back on track, with first-half profits ahead of expectations, but a slightly lower dividend.
Petrofac wins 970m dollar sevices contract
Tuesday 27 May 2014
International oil and gas services provider Petrofac has landed a 36-month contract worth more than 970m dollars on the Reggane North Development Project in the Algerian Sahara desert.
FTSE 250 movers: De La Rue climbs on profit, broker comment
Tuesday 27 May 2014
Banknote printer De La Rue rose after it posted a 43% jump in full-year underlying operating profit and said it has entered the new financial year with a good order book.
Timico shelves AIM float due to softening IPO sentiment - EXCLUSIVE
Tuesday 27 May 2014
Ambitious corporate connectivity provider Timico Technology has decided to shelve its AIM initial public offering (IPO) due to recent weakness in institutional investor demand.
More than 7,000 homes sold under Help to Buy - UPDATE
Tuesday 27 May 2014
The Treasury has revealed that 7,313 homes at a total value of 1bn pounds have been sold so far under the Help-to-Buy mortgage scheme.
Analysts react to US GDP data
Tuesday 27 May 2014
Lower inventories subtracted 1.6 percentage points from the rate of gross domestic product growth in the first three months of the year, with lower construction spending shaving off another 0.4 percentage points. The former came as companies ran down their stocks to compensate for weather induced disruptions to supplies. Simultaneously, higher energy imports to meet abnormal demand fed into the
Bankers should be custodians of their institutions, says Carney
Tuesday 27 May 2014
Bank of England Governor Mark Carney has urged bankers to adopt high ethical standards to tackle growing global inequality.
Rio Tinto and partners ink deal to develop Africa's largest iron ore project
Tuesday 27 May 2014
Rio Tinto, Chinalco and the International Finance Corporation (IFC) have signed an 'investment framework' to develop 20bn dollars-worth of iron ore deposits in Guinea.
Timico shelves AIM float due to softening IPO sentiment
Tuesday 27 May 2014
Ambitious corporate connectivity provider Timico Technology has decided to shelve its AIM initial public offering (IPO) due to recent weakness in institutional investor demand.
Ophir Energy completes drilling of Affanga Deep-1 well
Tuesday 27 May 2014
Ophir Energy said it failed to encounter significant hydrocarbon shows after drilling the Affanga Deep-1 well in the Gnodo block offshore Gabon.
IHG shares surge on takeover bid reports
Tuesday 27 May 2014
InterContinental Hotels Group (IHG) shares surged on Tuesday morning after weekend press reports about a potential takeover bid for the Holiday Inn and Crowne Plaza owner.
QiniteQ completes sale of US Services division, share buy-back to commence
Tuesday 27 May 2014
Aerospace, defence and security services group QiniteQ has completed the sale of its US Services division, paving the way for a cash return to shareholders.
Commodities: Ukraine, Libya jitters weigh on oil futures
Tuesday 27 May 2014
Oil futures slipped on Tuesday, but remained above 104 dollars a barrel, after upbeat US economic data was overshadowed by concern about Ukraine and Libya.
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