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  • Severn Trent on track to hit targets

    Friday 23 Nov 2012

    Utilities giant Severn Trent broadly met forecasts in the first half and said it also expects to deliver full-year results in line with expectations.

  • United Utilities joins host of water groups to reject Ofwat proposals

    Friday 23 Nov 2012

    United Utilities has spoken out against Ofwat’s licence proposals for the water sector, saying that they are not in the best interests of customers, investors and shareholders.

  • London midday: Stocks edge higher after German data

    Friday 23 Nov 2012

    London's FTSE 100 index was making gains by Friday lunchtime after some better-than-expected data from Germany, though stocks were trading within a tight range on light volumes with just 18 points separating the benchmark's intraday high and low.

  • Gulfsands Petroleum builds up stakes in JVs

    Friday 23 Nov 2012

    Oil company Gulfsands Petroleum has acquired an additional 30 per cent participating interest in the Chorbane joint venture (JV) and a 10 per cent participating interest in Kerkouane and Pantellaria JVs, in Tunisia and Italy respectively.

  • Tullow strikes oil again in Kenya

    Friday 23 Nov 2012

    FTSE 100 explorer Tullow Oil said it had made a second discovery in the Lokichar Basin area of Kenya.

  • London open: Footsie unchanged as another quiet day expected

    Friday 23 Nov 2012

    UK stocks was broadly unchanged on Friday morning in anticipation of another quiet day on markets with Wall Street only open for half a session following Thanksgiving yesterday.

  • ENRC hands Chairman more responsibility

    Friday 23 Nov 2012

    Mining giant ENRC is putting more on its Chairman's plate in order to let its Chief Executive Officer (CEO) focus more on cost and operational efficiencies, the firm said on Friday morning.

  • Severn Trent voices concerns about Ofwat price controls

    Friday 23 Nov 2012

    Utilities giant Severn Trent has voiced concerns with Ofwat's proposed water price controls in response to a statement by the regulator this week which welcomed 'constructive' criticism.

  • Xstrata: First production line completed at Koniambo nickel project

    Friday 23 Nov 2012

    Xstrata Nickel, one of Xstrata Group's global commodity businesses and the industrial partner in the Koniambo Nickel Project, has completed the construction of the first production line of the smelter, with first metal from the line expected to be tapped in January.

  • Canadian to run Bank of England - UPDATE

    Friday 23 Nov 2012

    In a surprise move, Canada's Mark Carney has been chosen to be next Governor of the Bank of England.

  • Friday tips round-up: SABMiller and Avon Rubber

    Friday 23 Nov 2012

    The Times' Tempus column has recommended to 'hold' shares of beverages giant SABMiller after the group warned of slowing growth in the emerging markets, a key growth driver for most drinks companies.

  • Friday newspaper round-up: EU summit, UBS, RBS branch sale...

    Friday 23 Nov 2012

    European leaders voiced pessimism on Friday on reaching a deal on a trillion-euro EU budget, as gruelling talks pushed into a second day with little prospect of bridging bitter divisions. The summit talks in Brussels were suspended overnight after less than an hour and a half, having already begun hours late on Thursday due to the vast differences on the need for cuts between the bloc's have and

  • London close: Stocks rise on low volumes

    Thursday 22 Nov 2012

    Trading light as US celebrates Thanksgiving; focus shifts to EU summit; SABMiller jumps; ‘Glenstrata’ merger approved.

  • Economists expect UK manufacturing to stabilise and maybe improve

    Thursday 22 Nov 2012

    -Export order books improved

  • Broker tips: SABMiller, Johnson Matthey, Kingfisher

    Thursday 22 Nov 2012

    Jefferies has reiterated its 'buy' rating and 2,990p target price for drinks group SABMiller after a better-than-expected first half.

  • Spain to remain in recession until 2015, says Societe Generale

    Thursday 22 Nov 2012

    Spain will not experience economic growth until 2015 at the earliest, French bank Societe Generale concluded in a report that studies the five-year outlook for the world's main economies.

  • Man Group rises on report of fund experiment

    Thursday 22 Nov 2012

    The world's largest hedge fund, Man Group, rose strongly on reports it is experimenting with a new way of improving results at its flagship computerised fund.

  • RSA bags Lloyds Chairman

    Thursday 22 Nov 2012

    Global insurer RSA said it had appointed financial services stalwart Martin Scicluna as its new Chairman.

  • Thursday newspaper round-up: Middle-East ceasefire, Supermarkets, Standard Life...

    Thursday 22 Nov 2012

    Israel and the Islamist Hamas group agreed to an Egyptian-brokered ceasefire on Wednesday, ending a bloody eight-day conflict in and around the Gaza Strip that has claimed the lives of at least 152 Palestinians and five Israelis. The truce was announced in Cairo by Mohammed Kamel Amr, the Egyptian foreign minister, in a joint press conference with Hillary Clinton, the US secretary of state. Mr

  • SABMiller beats revenue expectations

    Thursday 22 Nov 2012

    SABMiller, one of the world's largest brewers, managed to beat analysts' sales forecasts in the fist half as its hiked its interim dividend by 12 per cent.

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