Editor's Picks
Dart Group soars as passengers flock to sunnier climes
Wednesday 24 Oct 2012
Jet2.com and Jet2Holidays owner Dart Group said it expects to exceed current market expectations for the year ending March 31st 2013 despite current economic headwinds.
Dart Group soars as passengers flock to sunnier climes
Wednesday 24 Oct 2012
Jet2.com and Jet2Holidays owner Dart Group said it expects to exceed current market expectations for the year ending March 31st 2013 despite current economic headwinds.
Thursday preview: AstraZeneca investors looking for reassurance
Wednesday 24 Oct 2012
Third-quarter earnings season has got into full swing for UK-listed blue chips with pharmaceuticals giants AstraZeneca and Shire due to report on Thursday, along with consumer product titan Unilever.
Broker snap: Time to take profits in the gold mining sector, says Investec
Wednesday 24 Oct 2012
Investec has downgraded its ratings for both Randgold Resources and Centamin from 'buy' to 'hold', saying that its time to "take a breather (and profits)" in the gold mining sector.
FX round-up: Dollar keeps gains after no surprise Fed
Wednesday 24 Oct 2012
The dollar held onto gains against the euro on Wednesday as the Federal Reserve, as expected, made no changes to its bond-purchase programme or interest rate forecast.
Commodities: Crude slumps to three-month low
Wednesday 24 Oct 2012
Crude oil futures fell for the fifth straight session to a new three-month low on Wednesday as weekly US supply data showed a well-stocked market.
Broker snap: UBS downgrades WPP on macro risks
Wednesday 24 Oct 2012
UBS has cut its recommendation for media and advertising giant WPP, saying that a macro slowdown poses a risk to expectations.
Chinese manufacturing recovers for a second month
Wednesday 24 Oct 2012
Chinese manufacturing continued to improve for a second month as the preliminary HSBC purchasing managers' index (PMI) for October ticked higher to 49.1 points from 47.9 in September, according to the latest data from Markit Economics.
London open: Markets flat despite Chinese data
Wednesday 24 Oct 2012
Earnings and Eurozone concerns weigh on sentiment; BATS and IHG disappoint early on; miners gain on upbeat Chinese data.
IHG experiences slowdown in the US in Q3
Wednesday 24 Oct 2012
Holiday Inn and Crown Plaza owner InterContinental Hotels Group (IHG) saw growth in US revenue per available room (RevPAR) moderate in the third quarter as a result of a seasonal impact, the company said on Wednesday.
Broker snap: Jefferies cuts Experian to 'hold'
Wednesday 24 Oct 2012
Jefferies may view information services provider Experian as a 'core support services holding', but has been prompted to downgrade its rating on the stock from 'buy' to 'hold' on valuation grounds.
FX a drag on top line at BATS
Wednesday 24 Oct 2012
Cigarette and tobacco giant British American Tobacco (BATS) managed to keep its underlying rate of revenue growth stable in the third quarter, though volumes fell as expected.
Wednesday preview: Reckitt and BATS to update on third-quarter trading
Tuesday 23 Oct 2012
Consumer products giant Reckitt Benckiser is due to report its third-quarter results on Wednesday.
Wednesday newspaper round-up: King, FTT, Spain
Tuesday 23 Oct 2012
The Bank of England’s unorthodox actions to turn around the UK’s flagging economy were reaching the limits of their effectiveness, Sir Mervyn King has warned that Britain faces a prolonged economic adjustment. In a bleak assessment of the economy and the ability of monetary policy to generate a strong recovery, the Bank governor urged Britain to be “patient” in the face of a difficult global
Greece...two years or not two years
Tuesday 23 Oct 2012
Greece’s coalition government met again yesterday to try and agree on the 13.5bn euros of austerity measures that must be agreed in order to comply with bailout agreement and receive the Troika’s approval for the release of the next 31.5bn tranche of aid.
London close: Disappointing earnings and growth concerns spark sell-off
Tuesday 23 Oct 2012
'Risk is officially off', says analyst; corporate earnings and growth worries sink stocks; miners drop, while ARM and Experian gain.
US mid-morning: Sharp drops in equities and commodities
Tuesday 23 Oct 2012
-Sharp falls in WTI crude futures -S&P first support comes in at 1,400 point area -FOMC two day meeting starts today
Institutions to get first bite in RBS share sale
Tuesday 23 Oct 2012
Jim O’Neill, the Chief Executive of the UKFI, which manages the Government’s investments in the Royal Bank of Scotland and Lloyds Banking Group, has said that the most likely sales of RBS shares would be a market sale to institutions.
ARM jumps after third-quarter beat and upbeat outlook - UPDATE
Tuesday 23 Oct 2012
Shares in chip designer ARM Holdings surged on Tuesday morning after the company beat forecasts in the third quarter and gave a confident outlook for the rest of the year.
Spain sees solid demand as it tops target at debt auction
Tuesday 23 Oct 2012
The Spanish Treasury has slightly surpassed its maximum target of 3.5bn euros for Tuesday's debt auction, having issued 3.527bn euros in three- and six-month bills.
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