Editor's Picks
Ocado books pre-tax loss after infrastructure investment
Tuesday 02 Jul 2013
Online grocery firm Ocado reported a 28.7 per cent rise in underlying first half earnings but swung to a pre-tax loss after it pumped cash into its growing infrastructure.
Market overview: Serco leads gains on the Footsie
Tuesday 02 Jul 2013
1140: Shares of Serco continue to lead advancers today on the benchmark. Some market commentary is attributing those gains to an article in today's Questor column in The Daily Telegraph. Questor tells readers to buy the shares following a Cabinet Office savings briefing for City analysts which left them with a positive view on the prospects for outsourcing - amongst other factors. FTSE 100 down
London pre-open: Markets expected to consolidate after strong gains
Tuesday 02 Jul 2013
UK markets are expected to open flat to slightly lower on Tuesday morning despite a decent performance on US and Asian markets overnight, as investors pause for breath after the solid gains made the day before.
Tuesday tips round-up: Lonmin, Hunting, Time Warner Cable
Tuesday 02 Jul 2013
South African platinum miner Lonmin’s new Chief Executive, Ben Magara, will have to sidestep a political minefield as the threat of industrial action continues to loom, The Telegraph’s Questor column muses. Magara, who joined the group from Anglo American Platinum, is tasked with guiding the platinum miner’s turnaround plan and improving industrial relations at the company after strikes last year
Tuesday newspaper round-up: RBS, BoE, Sainsbury, Barclays
Tuesday 02 Jul 2013
Rothschild looks set to be named by the government as the adviser to run assessment for the potential split of the Royal Bank of Scotland into a good bank and bad bank, the Financial Times reported.
Commodities: Oil jumps after US data, Egyptian protests
Tuesday 02 Jul 2013
Crude oil futures pushed ahead on Monday as investors cheered upbeat US and Japanese manufacturing data while focus also turned to Egyptian anti-government protesters.
FX round-up: Dollar rises after US manufacturing data
Tuesday 02 Jul 2013
The dollar rose against the yen at the start of the third quarter as the spotlight turned to upbeat manufacturing data and the increasing view that the US Federal Reserve will start to exit its easy monetary policy later this year.
Antofagasta secures power supply for Los Pelambres
Tuesday 02 Jul 2013
Diversified mining group Antofagasta is looking to invest in two hydroelectric power stations in Chile that will provide energy for its nearby copper project, Los Pelambres.
London close: Stocks rise on first day of Carney's mandate
Friday 28 Jun 2013
Equities began the third quarter on a strong note, buoyed in part by a bullish note from strategists at JP Morgan on commodity prices. Alongside a slightly better than expected reading on US manufacturing that helped to compensate for a somewhat weak reading on Chinese manufacturing overnight. Coincidentally, on Monday morning Goldman Sachs cut its forecast for Asian economic growth this year.
FTSE 250 movers: Miners rally as gold and copper prices rise
Friday 28 Jun 2013
African Barrick Gold rose to lead gold miners higher, including Polymetal International, as the price of the yellow metal jumped by 83 per cent to 1,233.80 dollars per ounce.
UK PMI manufacturing rises at fastest rate in two years
Friday 28 Jun 2013
UK Manufacturing PMI at 52.5 in June; Growth of output and new orders gain momentum; Price pressures remain subdued
Broker snap: Deutsche Bank upgrades Vodafone to 'buy'
Friday 28 Jun 2013
Deutsche Bank has upgraded its rating for Vodafone from 'hold' to 'buy', saying that a takeover of Kabel Deutschland (KDG) could push the British telecoms group towards potential value crystallisation.
London open: Gains extended into fourth day
Friday 28 Jun 2013
The FTSE 100 looked set to deliver its fourth consecutive day of gains on Friday, as it begins the final day of trading in the second quarter in a positive fashion.
Imagination Technologies CFO buys shares
Friday 28 Jun 2013
A round-up of the biggest director buys today so far.
UK house prices rise at fastest pace since financial crisis
Friday 28 Jun 2013
UK house prices rose last month at the joint-fastest rate since the beginning of the financial crisis as a shortage of properties pushed prices higher, a survey said.
London pre-open: FTSE 100 expected to consolidate recent gains
Friday 28 Jun 2013
The FTSE 100 is expected to open flat to slightly higher on Friday morning as markets head into the final trading day of the second quarter.
FX round-up: Risk appetite increases slightly
Friday 28 Jun 2013
Thursday saw a rather ‘risk-on’ session in FX markets, as investors continued to listen to the cascade of reassuring words from various Fed speakers, although Treasury yields are still not far off their most recent highs.
Friday tips round-up: Rolls Royce, Debenhams, DS Smith
Friday 28 Jun 2013
Rolls-Royce scored orders worth more than 4.7bn pounds at last week’s Paris Air Show, putting the company in a good position, The Telegraph’s Questor column reported. The orders, interestingly, came more from low-cost airlines than the full-service airlines. The week before the show, the Airbus A350 made a successful maiden test flight with engines provided by Rolls Royce. The airliner is
Ultra Electronics wins contract extension with Ministry of Defence
Friday 28 Jun 2013
Ultra Electronics has been awarded a 14m pound contract extension with the UK’s Ministry of Defence (MoD) for its End Cryptographic Unit Replacement Programme (ECURP).
Friday newspaper round-up: Ted Baker, MF Global, RBS
Friday 28 Jun 2013
The Church of England has backed consortium of financiers who are trying to win a bid for 315 Royal Bank of Scotland branches with millions of pounds, The Telegraph reported.
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