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  • London midday: FTSE 100 down one per cent as volatility continues

    Friday 31 May 2013

    The volatile trade seen over the past week continued on Friday with investors turning nervous ahead of another raft of economic indicators from the US later on.

  • Lonmin in talks with AMCU for recognition agreement

    Friday 31 May 2013

    Lonmin’s shares rose Friday following reports it was in discussions with Association of Mineworkers and Construction Union (AMCU) to conclude a new union recognition agreement.

  • Commodities: Oil and gold prices gain on stimulus bets

    Friday 31 May 2013

    Crude and gold prices rose on Thursday after a worse-than-expected reading of US economic growth raised hopes that the Federal Reserve will maintain its asset purchase programme for longer.

  • Sunday share tips: Premier Oil, BG Group, Alent

    Friday 31 May 2013

    The Chief Executive of Premier Oil, Simon Lockett, has done a great job during his eight year tenure at oil and exploration outfit Premier Oil. The company has ramped up production in Vietnam and in other countries, in the process growing the company’s asset base, production and profits. In fact, the company’s profits grew by 47% in 2012. Its share price on the other hand barely advanced in 2010

  • Friday newspaper round-up: Smiths Group, Amazon, Consumer confidence...

    Friday 31 May 2013

    Engineering giant Smiths Group is in talks to sell its medical unit for at least two billion pounds, according to the Financial Times which cited people close to the matter. The discussions come after an approach by potential buyers including US healthcare group CareFusion.

  • Lloyds sells US mortgage-backed securities for 3.3bn pounds BC

    Friday 31 May 2013

    UK banking group Lloyds is to sell a portfolio of US residential mortgage backed securities (RMBS) for 3.3bn pounds as it continues to dispose of non-core assets to boost capital.

  • London close: Stocks end higher, with volatility at one year highs

    Thursday 30 May 2013

    The FTSE 100 finished the day higher, although sentiment remained fragile following the sell-off the day before, with investors taking caution ahead of some key economic indicators due out Stateside, which in the end all came in slightly worse than expectations.

  • Sector movers: High Street retailers rise but supermarkets fall

    Thursday 30 May 2013

    Retail stocks were putting in a mixed performance on Thursday with High Street stocks making gains and supermarket firms in the red.

  • TUI takes off on 12bn-dollar modernisation journey

    Thursday 30 May 2013

    TUI Travel has committed to spend 6.1bn dollars on 60 new aircraft with the option to acquire the same amount again at the same price.

  • London midday: Miners buoy markets ahead of US GDP

    Thursday 30 May 2013

    The FTSE 100 was making meagre gains on Thursday morning as sentiment remained fragile following the sell-off the day before, with investors taking caution ahead of some key economic indicators.

  • Broker tips: Tesco, Wood Group, Tate & Lyle

    Thursday 30 May 2013

    JPMorgan Cazenove has downgraded its rating for supermarket giant Tesco from 'overweight' to 'neutral' and slashed its target price from 425p to 390p, saying that sector fundamentals are weighing on the investment case.

  • Eurozone economic sentiment picks up in May

    Thursday 30 May 2013

    The economic sentiment indicator (ESI) for the Eurozone continued its recovery in May, according to data published on Thursday by the European Commission.

  • London open: Stocks rise after heavy sell-off

    Thursday 30 May 2013

    Markets opened slightly higher on Thursday morning after falling to a two-week low the day before as concerns about the global economy continue to unnerve investors.

  • Kingfisher's first quarter sales decline

    Thursday 30 May 2013

    Kingfisher reported a 0.4 per cent fall in first quarter sales to 2.6bn pounds as a result of weak consumer confidence and unseasonably cold weather in March and early April.

  • Thursday tips round-up: ARM, De La Rue, Enquest

    Thursday 30 May 2013

    Shares of ARM have slid lately. The immediate catalyst has been broker commentary suggesting that the share price of the ‘poster child’ of Britain’s tech sector had overreached, but the real worry is Intel, its arch-rival. Industry 'chatter' indicates that one of ARM’s biggest clients – Samsung – may be about to launch a new tablet designed to run on the American firm’s chips, which would allow

  • Severn Trent lifts pre-tax profit, dividend

    Thursday 30 May 2013

    Utilities giant Severn Trent revealed increased pre-tax profit for the full financial year, lifted its dividend by over eight per cent and said it remains committed to its dividend growth policy until March 2015.

  • Tullow abandons exploration well offshore Cote D'Ivoire

    Thursday 30 May 2013

    Oil giant Tullow has been forced to pull out of another one of its exploration wells, this time off the coast of Cote D'Ivoire.

  • News Corp to cancel listing on LSE

    Thursday 30 May 2013

    News Corporation will cancel its listing on the Official List and admission to trading on the London Stock Exchange (LSE) as the media giant plans to split into two publicly traded companies.

  • Thursday newspaper round-up: Capita, Google, Mark Carney...

    Thursday 30 May 2013

    The Telegraph says that outsourcing group Capita has secretly planned to shut down two O2 call centres and cut up to 1,200 jobs as part of the big deal it signed with the network provider last week.

  • London close: Stocks plummet as bond yields rise

    Wednesday 29 May 2013

    Financial markets erased yesterday’s impressive gains on Wednesday as renewed concerns about the global economy hammered sentiment in London.

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