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  • Salamander Energy secures 350m dollars of new borrowing facilities

    Wednesday 19 Dec 2012

    Oil and gas producer Salamander Energy has signed two new borrowing facilities together totalling 350m dollars.

  • Balfour Beatty awarded contracts with National Grid worth 1.2bn pounds

    Wednesday 19 Dec 2012

    International infrastructure group Balfour Beatty has been awarded two eight-year contracts with National Grid to upgrade the UK's gas distribution network.

  • Kingfisher COO departs for The Co-Op

    Wednesday 19 Dec 2012

    Home improvement retail group Kingfisher has announced that its Chief Operating Officer (COO) Euan Sutherland is to leave the company next year to become head of The Co-operative Group after just a couple of months on the board.

  • Kingfisher COO departs for The Co-Op

    Wednesday 19 Dec 2012

    Home improvement retail group Kingfisher has announced that its Chief Operating Officer (COO) Euan Sutherland is to leave the company next year to become head of The Co-operative Group after just a couple of months on the board.

  • US close: Bank of America and Nokia lead trading on NYSE

    Wednesday 19 Dec 2012

    -Long-term bond yields creeping higher -Home builder confidence at 2006 levels -Several M and A transactions in the news -Single currency moving higher

  • Commodities: Oil strikes two week high

    Wednesday 19 Dec 2012

    Crude oil futures rose to the highest level in two weeks on Tuesday on hopes that a deal will be struck to avert the 'fiscal cliff' while gains on Wall Street also buoyed demand for oil.

  • FX round-up: Risk appetite picks up on US budget deal hopes

    Wednesday 19 Dec 2012

    Increased risk appetite chipped away at the dollar on Tuesday as investors become increasingly optimistic that the US 'fiscal cliff' be avoided.

  • Wednesday newspaper round-up: Nissan, UBS, Barclays...

    Wednesday 19 Dec 2012

    Britain’s biggest carmaker has given the British automotive industry a big boost by announcing it is to start building premium-priced cars under its upmarket Infiniti brand in Sunderland. The move by Nissan, which is already bringing Britain its first mass-produced all-electric car, the Leaf, will create a further 1,000 jobs and secure the Japanese company’s position as one of Britain’s most

  • London close: FTSE 100 finishes strongly on 'fiscal cliff' optimism

    Tuesday 18 Dec 2012

    US budget negotiations lift hopes; G4S up on renewed confidence; FTSE 250 at all-time high.

  • Wednesday preview: All eyes on the MPC minutes

    Tuesday 18 Dec 2012

    The minutes from the latest Monetary Policy Committee (MPC) meeting are due on Wednesday morning, with markets waiting to hear the reasons behind the Bank of England’s (BoE) decision to hold rates and quantitative easing (QE).

  • FTSE 250 movers: New World Resources jumps on coal demand hopes

    Tuesday 18 Dec 2012

    Central Europe-focused hard coal and coke producer New World Resources surged on Tuesday afternoon after the International Energy Agency (IEA) said that coal will come close to surpassing oil as the world’s top energy source by 2017.

  • FTSE 100 movers: Rio and Vedanta track Chinese demand higher

    Tuesday 18 Dec 2012

    Miners such as Rio Tinto and Vedanta were strong performers throughout most of the day. Most market commentary attributed the gains to the generally risk-on atmosphere in markets. As well, many pointed to the fact that at their annual central economic work conference - last weekend - Chinese officials again set a 7.5% target for their economy´s rate of expansion (in 2013). Acting as a backdrop,

  • UK consumer inflation rate remained unchanged in November - UPDATE

    Tuesday 18 Dec 2012

    UK consumer price inflation rose at an annual rate of 2.7 per cent (124.4) in November 2012, unchanged from October, according to the latest data from the Office for National Statistics (ONS).

  • Broker tips: Burberry, G4S, Cairn Energy

    Tuesday 18 Dec 2012

    Following last week's Burberry management roadshow in New York, Credit Suisse has maintained its 'outperform' rating and 1,430p target price for the luxury brand group.

  • Broker snap: Panmure upgrades G4S after recent falls

    Tuesday 18 Dec 2012

    Panmure Gordon has upgraded its rating for security solutions group G4S from 'hold' to 'buy', saying that the stock could rebound following recent underperformance.

  • London open: 'Fiscal cliff' hopes drive stocks early on

    Tuesday 18 Dec 2012

    The FTSE 100 opened strongly on Tuesday morning on the back of increasing optimism that US President Barack Obama and House Speaker John Boehner will be able to strike a deal by the end of the year to avert the 'fiscal cliff'.

  • Keller still on track for full year

    Tuesday 18 Dec 2012

    Ground engineering specialist Keller said overall market and trading conditions have remained stable since mid November and it remains on track to meet full year guidance.

  • Polymetal branches out into platinum group metals

    Tuesday 18 Dec 2012

    Precious metals group Polymetal is to buy up the Svetlobor platinum exploration project in the Sverdlovsk region of Russia through two transactions, the company announced on Tuesday morning.

  • Tuesday newspaper round-up: Obama, RBS, UBS...

    Tuesday 18 Dec 2012

    US President Barack Obama offered to back away from his position that tax hikes should begin at $250,000 in annual income, delivering a fresh concession to congressional Republicans as talks to avert the fiscal cliff intensified in Washington. The White House proposal would leave lower tax rates in place for everyone except those earning $400,000 or more a year. Republican leaders had asked for a

  • Petrofac on track to hit full-year profit targets

    Monday 17 Dec 2012

    Oilfield services giant Petrofac has reiterated its target of achieving net profit growth of at least 15 per cent this year, saying that operations continue to perform in line with expectations.

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