Editor's Picks
Greece prepares to lay off 15,000 public sector jobs
Monday 29 Apr 2013
The Greek Parliament has passed a bill to lay off 15,000 public workers through the end of 2014.
London open: Stocks rise as Italy forms coalition government
Monday 29 Apr 2013
UK stock markets opened with decent gains on Monday morning after the weekend saw Italy form a new government, removing some of the political uncertainty that has dampened sentiment over the last few months.
Lloyds to sell Spanish retail operations to Banco Sabadell
Monday 29 Apr 2013
UK lender Lloyds is to dispose of its loss-making Spanish retail and private banking operations in an effort to continue its strategy of 'rationalising' its overseas presence and ensuring best value fore shareholders, the group said on Monday.
Greggs sees full year slightly below market view
Monday 29 Apr 2013
UK baker Greggs said based on current like-for-like (LFL) trading at its own shops it believes that profits for the year are likely to be slightly below the lower end of the range of market expectations.
Balfour Beatty expects ‘significantly lower profits’ in 2013
Monday 29 Apr 2013
Balfour Beatty, the FTSE 250-listed infrastructure group, has reported that its UK construction business is expected to deliver 'significantly lower profits' from operations in 2013 than management's previous expectations at the time of its full-year results announcement in March.
Vedanta's Sesa Goa unit swings to full-year loss
Monday 29 Apr 2013
Sesa Goa, India's largest iron-ore producer part-owned by mining giant Vedanta Resources, swung into the red in the year to March 31st as operations were hit by suspensions.
Commodities: Growth data casts shadow over demand outlook
Monday 29 Apr 2013
Crude oil futures settled lower on Friday as a disappointing US first quarter growth report fuelled concern about the outlook for future oil demand.
Tesco has a long slog ahead of it
Monday 29 Apr 2013
Far from calling for Tesco’s fabled former chief Terry Leahy to give his knighthood back, I want to start this analysis by essentially ignoring the billion-pound write-off for the US business. There may be more Fresh & Easy costs for Tesco to pay, especially if the strategic review doesn’t end in a successful trade sale, but for the purposes of this article let’s forget it and move on, as Tesco
Monday newspaper round-up: BP, AstraZeneca, Sainsbury's...
Monday 29 Apr 2013
The Telegraph writes that BP's giant underwater oil project offshore Angola has come in four billion dollars over budget after delays set it back a year.
Sunday newspaper round-up: ENRC, Marks&Spencer, Prudential
Friday 26 Apr 2013
In a letter dated April 12th, and seen by The Sunday Times, law firm Dechert alleges that ENRC - the FTSE 100 listed copper miner - engaged in several inappropriate actions, including "payments to African presidents" and $35m of misappropriated cash. The company has denied those claims. Dechert was discharged from the internal investigation after what ENRC labelled "inappropriate communications"
Broker tips: Barclays, Sage, United Utilities
Friday 26 Apr 2013
Tradenext has recommended investors to pick up shares of banking giant Barclays at current levels, highlighting the company's M&A business and 'Transform Programme'.
London midday: Miners fall ahead of US growth figures
Friday 26 Apr 2013
Stocks in the UK slipped on Friday morning as traders took profits after a three-day winning streak with markets nervous ahead of economic growth data from the United States this afternoon.
London open: Markets nervous ahead of US GDP data
Friday 26 Apr 2013
Markets opened in negative territory on Friday morning as eyes turned to the all-important reading of first-quarter economic growth in the US.
Week ahead: ECB and Fed have the word
Friday 26 Apr 2013
Global capital markets face a daunting week with a steady stream of economic data and events on the calendar. As ever, the release of the monthly employment report Stateside - on Friday - will be front and centre in investors´ minds given its importance for the global economy and Fed Policy.
Sunday share tips: ASOS, AB Foods, Archipelago Resources
Friday 26 Apr 2013
Internet fashion retailer ASOS is in fashion and will continue to be so for some time to come. Yes, the company´s latest trading statement - due out on Tuesday - is likely to show that gross margins suffered this past fall and winter as the outfit "invested" in more customer traffic via price reductions. Yet that is likely to turn out to have been "a pause to refresh," and it worked. Sales have
Pearson expects lower first-half profits
Friday 26 Apr 2013
Publisher and education business Pearson said that first-half profits would likely be lower than last year as it starts to phase in 150m pounds of restructuring costs.
Friday newspaper round-up: UKFI, Barclays, Bank of Japan...
Friday 26 Apr 2013
The Telegraph says Jim O'Neil, head of the UK Financial Investments (UKFI) which manages the government's investments in RBS and Lloyds, has resigned, "deal[ing] a blow to the government's hopes of selling the stakes in the near future".
Capita to form joint venture with UK Cabinet Office
Friday 26 Apr 2013
FTSE 100-listed business process management provider Capita will form a joint venture company with the UK Cabinet Office to commercialise the government's portfolio of best management practice training tools.
Friday newspaper round-up: UKFI, Barclays, Bank of Japan...
Friday 26 Apr 2013
The Telegraph says Jim O'Neil, head of the UK Financial Investments (UKFI) which manages the government's investments in RBS and Lloyds, has resigned, "deal[ing] a blow to the government's hopes of selling the stakes in the near future".
BoE's Funding for Lending Scheme aids buy-to-let landlords
Thursday 25 Apr 2013
The Bank of England (BoE)’s Funding for Lending Scheme will provide a major boost to the property market through supporting buy-to-let (BTL) landlords, the Financial Times reported Thursday.
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