Editor's Picks
Broker snap: Citi downgrades Sainsbury and Morrison in sector review
Monday 24 Jun 2013
Citigroup has cut its ratings for supermarket peers Sainsbury and Morrison as part of its reviewed stance on the European food retail sector.
London open: Stocks edge higher after recent sell-off
Monday 24 Jun 2013
The FTSE 100 opened in positive territory on Monday morning, albeit only slightly, as markets made a tentative start to the new week following the dramatic sell-off seen over recent sessions.
Devro on target for year despite slow first half
Monday 24 Jun 2013
FTSE 250 sausage skins maker Devro said first half sales of edible collagen are expected to rise modestly from a year earlier and it remains confident of a strong second half and growth in full year earnings.
Rio Tinto to keep hold of diamonds business
Monday 24 Jun 2013
Diversified mining giant Rio Tinto has decided to keep hold of its diamonds business saying that market fundamentals remain robust, with growing demand for luxury goods in Asia and continued strong demand in the US.
SEGRO in Europe logistics JV talks
Monday 24 Jun 2013
European industrial property developer SEGRO said, following recent press speculation, it confirms it is in advanced talks with Public Sector Pension Investment Board regarding the contribution of the bulk of SEGRO's Continental European logistics portfolio to seed a joint venture.
Vodafone agrees to buy Kabel Deutschland
Monday 24 Jun 2013
Vodafone has confirmed its intention to buy Germany’s biggest cable company Kabel Deutschland.
Monday newspaper round-up: Vodafone, Rio Tinto, Nationwide
Monday 24 Jun 2013
Vodafone has agreed to acquire Germany’s largest cable operator Kabel Deutschland for more than 8.5bn pounds, The Times reported. The deal, pitched at 7.7bn euros, marks one of the biggest in the telecoms industry since the height of the technology boom.
FTSE 250 movers: New World Resources bounces off record low
Friday 21 Jun 2013
It’s been a rough ride for Europe-based hard coal and coke producer New World Resources (NWR), but the stock rebounded strongly on Friday, leading the risers on the FTSE 250 index after hitting a record low the day before. While mining stocks bore the brunt of the dramatic sell-off seen across global equity markets on Thursday, NWR was a standout faller, dropping a whopping 18 per cent to finish
Sunday share tips: BT Group, Cairn Energy, Dixons
Friday 21 Jun 2013
Did outgoing BT Chief Ian Livingston do a good job? Well, the company´s shares fell 3.7 per cent on the announcement, wiping away 1bn pounds from its stockmarket value, so it would certainly seem so. Even so, its stock is up thrice from its 2009 low. Nevertheless, his successor will have to deliver on the company´s recent and expensive move to go 'toe-to-toe' against BskyB, by offering live
London midday: Stocks rebound but sentiment fragile after heavy sell-off
Friday 21 Jun 2013
The FTSE 100 rebounded from five-month lows on Friday morning after comments from the Federal Reserve prompted a dramatic global market sell-off the day before.
Friday tips round-up: Ashtead, Oracle, Gulf Keystone
Friday 21 Jun 2013
Equipment rental group Ashtead Group delivered record pre-tax profits on Thursday thanks to the strong performance of its US operation Sunbelt. However, Sunbelt revenues are not going to continue to grow at three times the industry average, according to The Times’ Tempus column. But while growth may not be as stellar in future, there is still room for modest improvements. “For now, Ashtead’s
Friday newspaper round-up: Sellafield, Dwell, Cadbury
Friday 21 Jun 2013
Sellafield's nuclear waste clean-up operations could be handed back the government after a series of failings by private companies managing the site, The Telegraph reported. Britain’s Amec, France’s Areva and America’s URS were selected in 2008 to run the Cumbrian site for up to 17 years but the National Audit Office and the Public Accounts Committee have both criticised delays and cost overruns
Bumi expects to resume trading after AGM
Friday 21 Jun 2013
Bumi said it is working closely with the Financial Conduct Authority in the hopes of securing its approval for the resumption of trading soon after the company’s annual general meeting (AGM) on June 26th.
Lombard Medical to launch Aorfix stent graft in US later this year
Friday 21 Jun 2013
The US Food and Drug Administration (FDA) has approved Lombard Medical's next-generation Aorflex delivery system for commercial use, a major milestone for the AIM-listed medical technology firm.
BHP Billiton sells part of iron ore project for 1.5bn dollars
Friday 21 Jun 2013
Anglo-Australian mining giant BHP Billiton has sold 15 per cent of its Jimblebar iron ore project to Japanese companies Itochu and Mitsui for 1.5bn US dollars.
US close: Markets hammered on concerns over Fed tapering
Thursday 20 Jun 2013
Stocks sink for second day on Fed taper talk; Improving outlook bolstered by Philly Fed, existing home sales; Jobless claims edge higher.
London close: FTSE 100 drops three per cent after Fed signals end to QE
Thursday 20 Jun 2013
Equity, bond and commodity markets were a sea of red on Thursday as traders fled from risk in the aftermath of the Federal Reserve’s confirmation of its stimulus ‘exit strategy’.
Ofcom sides with Sky in round-one of BT battle
Thursday 20 Jun 2013
The UK communication regulator Ofcom has ruled in favour of British Sky Broadcasting against one of BT’s complaints that the satellite broadcaster was abusing its dominant position.
London midday: Markets drop over two per cent in Fed aftermath
Thursday 20 Jun 2013
The Federal Reserve may have painted a better picture of the US economy last night, but the concept of a life without quantitative easing (QE) prompted a heavy sell-off on equity markets on Thursday morning, with indices across Europe hit hard following steep losses on Wall Street.
Broker tips: Melrose, Tesco, Dixons, Ted Baker
Thursday 20 Jun 2013
Investec has maintained its 'buy' rating for industrial conglomerate Melrose after the better-than-expected sale price from the disposal of motor manufacturing division Marelli Motori.
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