Editor's Picks
UK manufacturing production lower than forecast in August -UPDATE
Tuesday 09 Oct 2012
Industrial production in the United Kingdom fell by 0.5 per cent month-on-month in August and by another 1.2 per cent when compared with levels one year ago, according to the latest data out today from the Office for National Statistics (ONS).
Tuesday broker round-up
Tuesday 09 Oct 2012
3i, Aberdeen, Aggreko, Alternative Networks, ASOS, Barclays, Capita, Cookson, Debenhams, easyJet, Endace, Ferrexpo, Greene King, Hays, Henderson, Kenmare, London Mining, Man, May Gurney, Michael Page, M&B, MITIE, NetDimensions, New World, Rio, Sage, Schroders, Talvivaara, TUI, UK Mail, William Hill, Wilmington, WS Atkins, XP Power
London open: Stocks slip after IMF cuts growth forecasts
Tuesday 09 Oct 2012
IMF cuts global growth estimates; Q3 US earnings season to kick off this evening; Capita and Aggreko dented by broker downgrades.
Broker snap: UBS ups target for Rio Tinto
Tuesday 09 Oct 2012
UBS has raised its target price for resources giant Rio Tinto and kept its 'buy' rating, saying that the stock is its preferred pick of the UK diversified miners.
Centamin on track to hit full-year guidane
Tuesday 09 Oct 2012
Egypt-focused gold miner Centamin saw a solid year-on-year improvement in production in the third quarter, but volumes declined on the preceding three months due to mill works and an employee strike in July.
Commodities: Crude bounces after China action
Monday 08 Oct 2012
Crude oil prices soared on Tuesday as investors cheered China's decision to inject around $42bn of liquidity, via reverse repurchase agreements, in a bid to boost growth.
London close: Stocks dampened by global growth concerns
Monday 08 Oct 2012
Miners fall on global growth concerns; supermarkets perform well after broker comments; World Bank cuts Chinese growth forecasts.
Commodities: Oil and gold down again after China downgrade
Monday 08 Oct 2012
Crude oil futures fell on Monday, for a second day running, as investors fret about China's downgrade and as markets await any sign that Spain is ready to ask for a bailout.
Tuesday tips round-up: Michael Page, Daisy Group, First Group
Monday 08 Oct 2012
Challenging market conditions weighed heavily on Michael Page’s performance during the third quarter of the year. The company’s business in Europe, the Middle East and Africa (EMEA), which represents 39 per cent of its profits, suffered a 16 per cent year-on-year fall in gross profits to 49m pounds, for example. Profitability in the UK and the Americas also dropped sharply. Back in March, Questor
London midday: Worries over growth hit the miners
Monday 08 Oct 2012
Global growth concerns weigh on cyclicals; investors worries about Eurozone uncertainty; Evraz sinks after gloomy broker comments.
Broker snap: Burberry investors await better news on demand
Monday 08 Oct 2012
Seymour Pierce has reiterated its 'hold' rating and 1,200p target price for luxury brand Burberry ahead of the group's pre-close trading update for the second quarter on Thursday.
Tuesday preview: Hays, dotDigital, industrial production
Monday 08 Oct 2012
After Michael Page's profit warning on Monday, shareholders in sector peer Hays must be fearing the worst ahead of the recruiter's third quarter trading update.
Paragon acquires further unsecured loans from RBS
Monday 08 Oct 2012
Paragon, the FTSE-250 buy-to-let mortgage specialist, has acquired further unsecured consumer loans through its Idem Capital Securities subsidiary from the Royal Bank of Scotland under the terms of a forward flow agreement.
London open: Stocks dented by global growth concerns
Monday 08 Oct 2012
World Bank cuts forecasts for China; Evraz leads miners lower; BAE drops on risks to EADS merger.
Broker snap: Nomura turns bearish on tobacco, downgrades Imperial
Monday 08 Oct 2012
After three years of outperformance for Tobacco (+75% versus the Euro Stoxx 50 at -14%), we believe there is a risk of underperformance (at least on a 12-month view) as many of the drivers of the 19% per annum average total shareholder return (TSR) since 2009 are less supportive from here, analysts at Nomura write this morning. On average we see TSR over the next 12 months at just 3.4%, moving us
Big Yellow refinances and cuts debt
Monday 08 Oct 2012
Storage firm Big Yellow Group said it had taken out a new debt facility, at the same time cutting back on its total borrowing.
Tuesday tips round-up: Michael Page, Daisy Group, First Group
Monday 08 Oct 2012
Challenging market conditions weighed heavily on Michael Page’s performance during the third quarter of the year. The company’s business in Europe, the Middle East and Africa (EMEA), which represents 39 per cent of its profits, suffered a 16 per cent year-on-year fall in gross profits to 49m pounds, for example. Profitability in the UK and the Americas also dropped sharply. Back in March, Questor
Aquarius Platinum waves goodbye to CEO
Monday 08 Oct 2012
Stuart Murray, the long-running Chief Executive Officer (CEO) of Aquarius Platinum (AQP), resigned from the board on Friday, the company has announced.
Monday newspaper round-up: BAE, Tory conference, Argentina
Friday 05 Oct 2012
BAE Systems’ largest shareholder will on Monday signal its “significant reservations” about the UK defence group’s proposed tie-up with EADS . Invesco Perpetual, which owns more than 13 per cent of BAE, will outline in a statement its concerns about the structure of the €35bn transaction and its likely impact on shareholder value. The fund manager has hired an M&A boutique, Ondra Partners, to
Broker tips: Tesco, IMI, WS Atkins
Friday 05 Oct 2012
The strategic problems at Tesco are getting worse, according to Investec, which still recommends to sell shares in the supermarket giant.
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