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  • Laird posts decline in first-quarter revenue

    Friday 03 May 2013

    Laird reported a drop in first-quarter revenue on Friday as the technology group experienced a weakness in business-to-business (B2B) markets.

  • G7 to focus on banking reform and growth

    Friday 03 May 2013

    Spurred by the recent crisis in Cyprus, some of the world's most important economic authorities will be discussing how to move faster on banking and financial reforms and examine measures to spur the recovery at the G7 meeting to be held on Friday and Saturday a few miles outside of London.

  • Friday newspaper round-up: RBS, Barclays, Shell...

    Friday 03 May 2013

    "Royal Bank of Scotland is poised to send the clearest signal yet that it is ready for the government to begin reprivatising its majority stake," writes the Financial Times. The paper says that the bank is expected to announce plans for a share sale that could start as soon as next year.

  • London close: Stocks gain after ECB rate cut, US data

    Thursday 02 May 2013

    After a subdued start, the FTSE 100 ended Thursday's session in a volatile fashion as traders digested an underwhelming interest-rate cut from the European Central Bank (ECB), comments from Mario Draghi and better-than-expected economic data from the States.

  • Draghi denies clash with Germany as ECB cuts interest rates

    Thursday 02 May 2013

    The European Central Bank (ECB) cut its benchmark interest rate by 25 basis points (bp) on Thursday as widely expected by analysts.

  • London midday: Markets subdued as eyes turn to ECB

    Thursday 02 May 2013

    Markets were trading within a narrow range on Thursday as traders refrained from taking risk ahead of a potential rate cut from the European Central Bank (ECB) this afternoon.

  • Diageo appoints new CEO

    Thursday 02 May 2013

    Diageo announced Tuesday the appointment of Ivan Menezes as Chief Executive Officer.

  • Randgold Resources unveils fall in quarterly profits

    Thursday 02 May 2013

    Randgold Resources reported a fall in first-quarter profits following a decline in sales, production and price of gold.

  • London open: Markets cautious ahead of ECB decision

    Thursday 02 May 2013

    The FTSE 100 was in the red in early trading on Thursday as nerves set in ahead of the all-important European Central Bank (ECB) policy decision later on.

  • Rolls-Royce poised for further growth, King steps down

    Thursday 02 May 2013

    Aircraft engine maker Rolls-Royce said it continues to expect modest growth in underlying revenue and good growth in underlying profit for the full year as it announces the surprise departure of Mark King, head of its Aerospace business.

  • Production slows at BG as earnings level off

    Thursday 02 May 2013

    Production volumes fell three per cent during the first quarter at oil and gas conglomerate BG Group, but investors were cheered by a one per cent rise in revenue and other operating income.

  • Schroders sees profits increase in first quarter

    Thursday 02 May 2013

    Schroders achieved a rise in pre-tax profits in the first quarter boosted by growth in assets under management (AuM).

  • Legal & General breaks records with first-quarter results

    Thursday 02 May 2013

    Financial services group Legal & General (L&G) hailed record assets, sales and cash generation in the first quarter of 2013 as its UK and US businesses exceeded management's expectations.

  • Thursday newspaper round-up: Federal Reserve, UK economy, Facebook...

    Thursday 02 May 2013

    The Financial Times says that the US Federal Reserve kept its 85bn-dollar-a-month asset purchase programme unchanged last night but said that it was willing to increase it as it shifted to a more neutral stance on its next move.

  • London close: Stocks pare gains after US data

    Wednesday 01 May 2013

    Disappointing economic from the States saw the FTSE 100 halve its earlier gains by the close on Wednesday as markets waited in anticipation of a policy decision from the Federal Reserve later this evening.

  • Glaxo hit by US regulatory delay

    Wednesday 01 May 2013

    GlaxoSmithKline has been hit by a delay to one of the six key drugs on which it was awaiting regulatory decisions this year.

  • London midday: Stocks extend gains ahead of Fed decision

    Wednesday 01 May 2013

    The FTSE 100 was taking advantage of low volumes on Wednesday morning, registering decent gains by lunchtime as other stock markets across Europe remained closed for the May Day public holiday.

  • Broker tips: Antofagasta, Reed Elsevier, Cineworld

    Wednesday 01 May 2013

    FIrst-quarter production results from copper miner Antofagasta were well-received by the market on Wednesday but Investec has kept its 'reduce' rating for the stock given a weaker commodity price environment.

  • London open: Miners shrug off disappointing Chinese data

    Wednesday 01 May 2013

    A slowdown in Chinese manufacturing growth didn't have too much of an effect on stock markets on Wednesday morning as traders showed optimism in anticipation of a continuation of monetary stimulus from the US and a rate cut in Europe this week.

  • Weir Q1 profits slide as project progress slows

    Wednesday 01 May 2013

    First quarter revenues and profits were down at engineering giant Weir with input falling 14 per cent against the prior year's comparator, but 14 per cent higher than the preceding quarter.

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