Editor's Picks
FTSE 100 movers: Bunzl rises on acquisition update
Thursday 10 Jan 2013
International distribution and outsourcing giant Bunzl was a strong riser after completing three further purchases in South America and the US, bringing its 2012 total acquisition spend to 270m pounds. The stock was given an extra lift this morning by Numis which upgraded the shares to 'buy' and lifted its target price from 987p to 1,248p.
M&S misses LFL forecasts in third quarter
Thursday 10 Jan 2013
High Street giant Marks & Spencer has reported worse-than-expected sales figures for the key Christmas period in a trading update that was partially leaked the night before.
Broker snap: Downgrades in order for M&S, says Panmure
Thursday 10 Jan 2013
Panmure Gordon reiterated its 'hold' rating for High Street giant Marks & Spencer on Thursday morning following some weaker-than-expected third-quarter sales.
London close: Index closes at highest level since 2008
Wednesday 09 Jan 2013
UK markets closed significantly higher on Wednesday, up 45 points equal to 11.41bn pounds, with the index closing at its highest level since May 22nd 2008.
UK shop prices steady, food inflation still an issue
Tuesday 08 Jan 2013
Shop price inflation remained unchanged at a 1.5% year-on-year pace in December, according to the latest data released today by the British Retail Consortium (BRC).
Rexam shareholders in for higher-than-expected cash return
Tuesday 08 Jan 2013
As promised, Rexam has outlined details of its cash return following the completion of its Personal Care unit disposal, with shareholders in for a higher-than-expected 395m-pound windfall.
London close: Markets shrug off decent showing by banks
Monday 07 Jan 2013
- Traders take profits after recent surge - European banks on Basel III developments - Investors looking ahead to central bank decisions.
Broker snap: UBS upgrades Lloyds to buy
Monday 07 Jan 2013
Analysts at UBS believe that Lloyds is set to deliver rising margins, falling costs and falling provisions, over the next few years, which should provide a very strong upswing to profitability and EPS momentum.
London midday: Traders take profits after recent surge
Monday 07 Jan 2013
Strong gains in the banking sector weren't enough to lift the FTSE 100 into positive territory on Monday morning, as London's benchmark index pulled back from its near two-year high on Friday.
Commodities: Crude logs slight loss
Monday 07 Jan 2013
Crude oil futures nursed a small loss on Wednesday after government weekly data showed a bigger than expected rise in gasoline and distillate inventories.
Resolution sells stake in AmLife and AmFamily Takaful
Monday 07 Jan 2013
Life insurance consolidation vehicle Resolution has sold its stake in AmLife and AmFamily Takaful to its joint venture partner AmBank Group of Malaysia.
Broker snap: Debenhams a 'hold' after strong run, says Panmure
Monday 07 Jan 2013
Panmure Gordon has retained its 'hold' recommendation and 118p target price for department store group Debenhams ahead of its trading statement on Tuesday.
FX round-up: Dollar makes headway, yen under pressure
Monday 07 Jan 2013
The dollar made headway against the yen and the euro on Wednesday with the yen pulling off recent highs ahead of the European Central Bank meeting.
Income disparity 'biggest risk to global security'
Monday 07 Jan 2013
The biggest single threat to global security in the next ten years is severe income disparity, according to the World Economic Forum’s annual Global Risks Report.
Coal prices dwindle at Bumi
Monday 07 Jan 2013
Mining group Bumi said it continues to target a medium term production target of 30mt each year and in light of the weak coal price environment, it will focus on lower cost pits and defer some of its expansion plans.
Broker snap: Seymour Pierce slashes target for Morrisons
Monday 07 Jan 2013
Seymour Pierce has reduced its target price for supermarket giant Morrisons from 250p to 230p and retained its 'reduce' rating for the stock following a 'disappointing' Christmas.
Legal & General improves capital position in the US
Monday 07 Jan 2013
Insurance giant Legal & General said on Monday that it has improved the return on equity (RoE) and profitability of new business within its American subsidiary after completing a further phase of its capital efficiency programme.
Monday newspaper round-up: Basel requirements, Rolls-Royce, Anglo American...
Monday 07 Jan 2013
The heads of the world's top regulators and central banks yesterday approved plans to require banks to hold significantly higher levels of liquid assets in order to reduce the chances of a repeat of the 2008-09 financial crisis. But in an apparent response to financial sector lobbying, they also relaxed the definition of what will be considered a liquid asset, and said banks will have four years
Comment: Twitter's 11bn dollar price tag and the Father of Modern Physics
Friday 04 Jan 2013
The eminently quotable Albert Einstein once said the definition of insanity was "doing the same thing over and over again and expecting different results".
London close: Stocks rally after US data
Friday 04 Jan 2013
- Footsie closes at highest level in over four and a half years - US non-farm payrolls and ISM data provides a boost - BP gains after Transocean settlement with US government.
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