Editor's Picks
China posts unexpected trade deficit, exports halve
Tuesday 09 Apr 2013
China reported an unexpected trade deficit for March after imports posted a large surge and exports rose less than expected.
Chinese inflation slows dramatically in March
Tuesday 09 Apr 2013
China's inflation slowed more than forecast from a 10-month high in March as food prices cooled off, taking the heat off of policymakers to embark on tightening.
Commodities: Crude perks up ahead of inventory data
Tuesday 09 Apr 2013
Crude oil settled a touch higher on Tuesday, reflecting gains among equities and as investors looked ahead to weekly inventory data.
Tullow Oil sells Bangladesh assets to KrisEnergy Asia
Tuesday 09 Apr 2013
Tullow Oil has agreed to sell its Bangladesh arm to KrisEnergy Asia Holdings BV, a subsidiary of KrisEnergy Asia, for 42.35m dollars.
Wood Group extends contract with Total E&P UK
Tuesday 09 Apr 2013
Wood Group's PSN business has signed a 'significant' two-year North Sea contract extension with Total E&P UK, with is expected to be valued at around 150m dollars. Wood Group will continue to provide engineering, procurement, construction and commissioning services to Total's Alwyn, Dunbar, Elgin and Franklin offshore platforms and the St Fergus onshore gas plant.
Tuesday newspaper round-up: Chinese inflation, KPMG, UK economy...
Tuesday 09 Apr 2013
Chinese inflation slowed sharply in March on the back of falling food prices following the New Year holiday and as the People's Bank of China drained money from the economy, says Financial Times. Consumer prices rose at an annual rate of 2.1 per cent in March, below forecasts.
London close: Markets hold on to gains despite shaky start in US
Monday 08 Apr 2013
UK stocks finished moderately higher on Monday, rebounding after a heavy sell-off the previous session, with markets managing to hold on to gains despite a shaky start on Wall Street as investors turned cautious ahead of US earnings season.
Tuesday preview: Cyprus in the spotlight
Monday 08 Apr 2013
The formal version of the memorandum of understanding (MoU) between Cyprus and its international lenders is expected to be unveiled on Tuesday.
Polymetal shares jump after dividend hike in 2012 - UPDATE
Monday 08 Apr 2013
Shares in precious metals giant Polymetal jumped on Monday after the company boosted its dividend by over a half following strong profits growth and cash control in 2012.
GE to acquire artificial lift maker Lufkin for 3.3bn dollars
Monday 08 Apr 2013
General Electric (GE) has confirmed that it will acquire artificial lift maker Lufkin Industries for around 3.3bn dollars in a move to expand its oil and gas services operations.
London midday: Stocks gains ahead of US earnings season
Monday 08 Apr 2013
UK stocks were making gains on Monday morning, rebounding after a steep sell-off on Friday, as investors showed optimism ahead of the new US earnings season which kicks off later this evening.
Greek banks plunge 30 per cent after halted merger
Monday 08 Apr 2013
Stock in Greece's two largest lenders National Bank of Greece (NBG) and Eurobank Ergasias sold off by 30 per cent this morning due to worries of nationalization after the merger between the two financial institutions was halted.
Spotting the winners in mobile payments
Monday 08 Apr 2013
Forty years ago this week, the first call was made on a mobile phone. With talk-time limited to just 35 minutes in those days and no screens to speak of, shopping and banking on your phone was definitely not on the cards – even slipping those mighty ‘brick’ handsets into your pockets was pretty much impossible.
Broker snap: ENRC lifted by Citigroup upgrade, risk-reward now balanced
Monday 08 Apr 2013
The share price of diversified miner Eurasian Natural Resources Corporation (ENRC) was sharply higher on Monday morning after US broker Citigroup lifted its rating for the stock from 'sell' to 'neutral'.
London open: Markets rebound after US jobs-related sell-off
Monday 08 Apr 2013
Despite renewed political uncertainty in the Eurozone this weekend, stocks in London started Monday's session broadly higher, rebounding after a heavy sell-off on Friday following a disappointing US employment report.
Gooch & Housego trading remains on track
Monday 08 Apr 2013
Gooch & Housego, a specialist manufacturer of optical components & systems, confirmed that trading in the last six months has been in line with company expectations after a mixed performance among its sectors.
Findel trading in line, disposal talks continue
Monday 08 Apr 2013
Home shopping, educational and healthcare business Findel said its full year performance is expected to be in line with expectations as it holds board talks on the disposal of its healthcare unit.
Premier Oil notes 'potentially significant' oil discovery
Monday 08 Apr 2013
Premier Oil has released a statement relating to the exploration well 16/4-6S on the Luno II prospect in PL 359, in which the company has a 30 per cent interest, stating that it has resulted in a 'potentially significant' oil discovery.
Polymetal keeps a lid on costs in 2012
Monday 08 Apr 2013
Polymetal, the Russian gold producer and one the world's largest silver miners, managed to hold back on costs in 2012 despite a strong rise in revenue, prompting the firm to raise its payout ratio to shareholders.
Monday newspaper round-up: Portugal, HBOS, Consumer spending...
Monday 08 Apr 2013
"The Eurozone crisis threatens to flare up again this week after Portugal's constitutional court blocked the country's planned austerity programme", says The Telegraph. The country's Prime Minister said yesterday that the rejection poses "serious obstacles and risk" to Portugal meeting the targets linked to its bailout.
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