Editor's Picks
Glencore may move on if Xstrata bid blocked - UPDATE
Tuesday 21 Aug 2012
Falling commodity prices took their toll on Glencore's bottom line in the first half of 2012, as the ongoing Eurozone crisis dampened risk appetite across the globe.
IP Group reports half year profit
Tuesday 21 Aug 2012
FTSE 250 intellectual property development firm IP Group reported an adjusted half year pre-tax profit versus a loss the previous year as net assets increased.
UK July public sector borrowing moderately above forecasts
Tuesday 21 Aug 2012
Net borrowing by the United Kingdom´s public sector – excluding the temporary effects of financial interventions (PSNB ex)- was 0.6bn pounds in July 2012, according to data just released by the Office for National Statistics (ONS).
Glencore may move on if Xstrata bid blocked -UPDATE
Monday 20 Aug 2012
Falling commodity prices took their toll on Glencore's bottom line in the first half of 2012, as the ongoing Eurozone crisis dampened risk appetite across the globe.
Tuesday newspaper round-up: ECB, Rank, Everything Everywhere
Monday 20 Aug 2012
The Daily Telegraph reports today that it can confirm reports in Der Spiegel that European Central Bank (ECB) technicians are examining plans to cap Spanish and Italian bond yields, among other options. This may prove to be the “game changer” that critics around the world have been demanding for two years, the newspaper adds. The ECB’s director-general of market operations, Ulrich Bindseil, is
FTSE 100 movers: Xstrata leads decliners on benchmark index
Monday 20 Aug 2012
Mining giant Xstrata was leading the decline on the Footsie on Monday after reports that Qatar Holding had raised its stake in the firm, adding to speculation that the investment fund is attempting to build its stake to block the proposed merger with Glencore International. The Qataris are demanding a offer sweeter than the 2.8 Glencore shares per Xstrata share.
London midday: Stocks slip as Germany dampens the mood
Monday 20 Aug 2012
Bundesbank reiterates criticism of ECB bond-buying; ECB considering caps on bond spreads; Xstrata down on concern over Glencore merger
Commodities: Oil slips below $96
Monday 20 Aug 2012
Crude oil prices snapped a four-day winning streak on Monday, mirroring weak stock markets, and concern that slowing global growth will curb demand for oil.
Persimmon beats profit forecasts in the first half
Monday 20 Aug 2012
While a lot of Persimmon's first-half figures were already guided to in the pre-close trading update last month, the house-builder still surprised to the upside with its profits coming in ahead of expectations.
The future of Greece moves back into the spotlight
Monday 20 Aug 2012
This week may mark an important turning point for Greece, as Prime Minister Antonis Samaras makes the rounds in a series of meetings with other European leaders as he attempts to get a two-year extension (until 2016) on the implementation of austerity measures that the country agreed to in exchange for its second bailout.
Barclays to combine African operations with Absa
Monday 20 Aug 2012
UK banking giant Barclays is looking at combining the majority of its operations in Africa with its subsidiary Absa Group, in line with its strategy to operate as 'One Bank' across the continent.
Monday broker round-up
Monday 20 Aug 2012
Astra, Balfour, ENRC, FirstGroup, Hikma, Home Retail, IMI, IAG, Michael Page, Lonmin, Pendragon, Rexam
London open: Stocks flat early on despite mining weakness
Monday 20 Aug 2012
- Volumes expected to stay low - ECB considering caps on bond spreads - Hopes for Chinese stimulus fade
Amlin returns to profit
Monday 20 Aug 2012
Insurance and reinsurance firm Amlin revealed a first half profit compared to a loss the same time a year earlier as catastrophe loss activity reduced sharply.
London pre-open: Small gains expected on FTSE
Friday 17 Aug 2012
City sources predict the FTSE 100 will open up five points from Friday's close of 5,852, having gained 18 points during Friday's session following positive data from the US.
Europe close: US data provides extra fillip
Friday 17 Aug 2012
European stocks were already having a good day when better-than-expected US economic indicators gave markets an additional fillip.
Petroceltic makes bid for Melrose Resources
Friday 17 Aug 2012
Oil and gas group Petroceltic International has launch a recommended bid for its sector peer Melrose Resources, which has assets in Egypt and Bulgaria.
Broker snap: iPhone 5 launch should drive growth at Laird
Friday 17 Aug 2012
With growth momentum improving at Laird, UBS has upgraded its recommendation on the stock from 'neutral' to 'buy' and raised its forecasts for the electrical components manufacturer.
London midday: Stocks hold on to gains
Friday 17 Aug 2012
Merkel backs Draghi's bond-buying proposal; Finland says to prepare for a Eurozone break-up; Lonmin pares losses after violent protests
Friday broker round-up
Friday 17 Aug 2012
Afren, Borders & Southern, Coastal, CRH, ENRC, Faroe, FirstGroup, Genel, JKX, Kazakhmys, Laird, Lloyds, Max, Melrose, Ophir, Pennon, Petra, Premier Oil, Reckitt, Resolution, Smiths News, Travis Perkins
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