Editor's Picks
IMI keeps wary eye on Europe
Thursday 23 Aug 2012
IMI, the global engineering group, came in on target in the first half but warned the second part of the year would be tougher due to the financial crisis in Europe.
Kazakhmys raises full-year cost guidance
Thursday 23 Aug 2012
Surging cash costs at Kazakhmys came in ahead analysts' forecasts in the first half, leading the miner to raise its guidance range for the full year.
Berendsen scrubs up well
Thursday 23 Aug 2012
Work-wear and wash-room facilities provider Berendsen increased profitability in the first half of 2012, despite a small dip in revenues.
Thursday newspaper round-up: Greece, Gold miners, S.Africa
Wednesday 22 Aug 2012
Greece has “one last chance” to meet its bail-out conditions, according to Jean Claude Juncker in comments that crushed hopes for an imminent change of strategy for Athens and the Eurozone. The head of the eurogroup emerged from a highly-anticipated meeting with Antonis Samaras, Greece’s prime minister, only to signal that there would be no leniency for Greece from Brussels. “The ball is in the
FX round-up: Dollar plunges on calls for more stimulus
Wednesday 22 Aug 2012
The euro rose above $1.25 after minutes from the last meeting of the US Federal Reserve´s Open Market Committee showed most members thought further monetary stimulus would be needed unless economic data showed an improvement.
Miners at two more South African sites make pay demands
Wednesday 22 Aug 2012
Workers at two further platinum mines in South Africa are demanding pay rises, just days after an industrial dispute at Lonmin's Marikana mine turned violent, leaving over 30 people dead.
London midday: Footsie drops one per cent as miners fall
Wednesday 22 Aug 2012
Greece to request two more years; Japanese trade deficit concerns miners; BHP sees earnings fall in the first half
Broker snap: Credit Suisse cuts price target for Lonmin
Wednesday 22 Aug 2012
Credit Suisse has trimmed its target price for troubled platinum miner Lonmin and reiterated its 'underperform' rating on the stock, following the recent violent protests at its Marikana project in South Africa which left more than 30 of its workers dead.
SSE hikes gas and electricity bills
Wednesday 22 Aug 2012
Prices for SSE's household customers in the UK are to increase on average by nine per cent for both electricity and gas from the middle of October.
Germany must not allow a Eurozone break-up, BoE´s Posen says
Wednesday 22 Aug 2012
In remarks to the British Broadcasting Corporation (BBC) Bank of England policymaker Adam Posen has broached the two most important subjects in Economics cuurently.
London open: Japanese data dents the miners
Wednesday 22 Aug 2012
Japan swings to massive trade deficit; Greece to ask officials for more time; BHP and the miners fall steeply early on
Fed minutes reveal worries over short-term risks
Wednesday 22 Aug 2012
At first glance the minutes of the last meeting of the US Federal Reserve´s Open Market Committee – which is akin to the Bank of England´s monetary policy committee - seem to show that Fed Chairman Ben Bernanke and his colleagues may have been notably more worried than was thought when they last met to decide on interest rates.
Commodities: Oil rises after Fed minutes
Wednesday 22 Aug 2012
Crude oil futures logged their second consecutive day of gains on Wednesday after minutes from the last Federal Reserve policy meeting indicated more monetary easing could be on the way soon.
Wednesday newspaper round-up: RBS, Dell, Economic recovery
Tuesday 21 Aug 2012
Royal Bank of Scotland is under investigation by US authorities for potential breaches of sanctions against Iran. The taxpayer-backed UK bank is understood to be being scrutinised by the US Federal Reserve and the Department of Justice, after it provided information to them and to the UK regulators. RBS tonight would not comment on the nature of the alleged failings or the investigation. However
Lonmin to breach debt covenants after violence
Tuesday 21 Aug 2012
Troubled platinum miner Lonmin has said that it is looking at options to 'strengthen its financial structure', after a week-long violent protest culminated with dozens of employee deaths; the subsequent impact on production means that the company will breach its bank covenants, it announced on Tuesday afternoon.
Commodities: Oil inches closer to $97
Tuesday 21 Aug 2012
Fresh optimism that the European Central Bank will step up efforts to help indebted Eurozone economies sent crude oil prices higher on Tuesday.
Small caps round-up: LPA Group, Intercede and Camco
Tuesday 21 Aug 2012
LPA Group has experienced a better-than-expected third quarter and a 'very strong' start to the final quarter of its financial year to September 30th 2012. As a result it said expectations for the year are likely to be significantly exceeded.
FX round-up: ECB hopes fuel euro rally
Tuesday 21 Aug 2012
The euro surged to a seven-week high on Tuesday on speculation that the European Central Bank will take action to help struggling economies in the Eurozone.
Broker snap: Westhouse downgrades African Barrick to 'neutral'
Tuesday 21 Aug 2012
Westhouse Securities has downgraded its recommendation for African Barrick Gold (ABG) from 'strong buy' to 'neutral' following the recent surge in the shares.
London midday: Stocks hold on to gains
Tuesday 21 Aug 2012
Glencore-Xstrata merger dominates the headlines; Eurozone announcement could be near, says analyst; Chinese stimulus hopes lift stocks
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