Editor's Picks
Resolution puts its cheque book away
Wednesday 15 Aug 2012
Insurance industry consolidator Resolution pleased the market on Wednesday by putting its cheque book away and pledging to simplify its governance structure so it can focus on delivering shareholder value.
US pre-open: Stocks set to fall again
Wednesday 15 Aug 2012
Wall Street is set to open lower, continuing yesterday's weaker trend.
London midday: Footsie stays lower despite jobless data
Wednesday 15 Aug 2012
- MPC in wait-and-see mode - UK jobless rates falls more than expected - StanChart, Resolution lead the risers
Some itchy trigger fingers on the MPC
Wednesday 15 Aug 2012
The Bank of England's Monetary Policy Committee (MPC) voted unanimously in favour of keeping the central bank's key interest rate at its record low, but more quantitative easing later this year should not be ruled out.
Tobacco companies fear the 'olive revolution'
Wednesday 15 Aug 2012
UK-listed tobacco stocks dropped on Wednesday on fears of the 'olive revolution' after Australia became the first nation to implement a law requiring all cigarette packets to have plain olive green-coloured packaging.
Thursday tips round-up: Balfour Beatty, Anglo Pacific, CRH
Wednesday 15 Aug 2012
Contracting firm Balfour Beatty is on the slow road to recovery, despite the dismal state of the UK construction industry, reckons Tempus in The Times. Its results were in line and are expected to remain that way for the full year.
Wednesday newspaper round-up: Greece, StanChart, Tobacco...
Wednesday 15 Aug 2012
Greece is seeking a two-year extension of its latest austerity programme aimed at improving the country’s debt sustainability and prospects for a return to growth, according to a document obtained by the Financial Times. Antonis Samaras, the centre-right prime minister, is expected to outline the proposal during talks next week with Angela Merkel, German chancellor, in Berlin and French President
Lloyds to offload loss-making private equity portfolio
Wednesday 15 Aug 2012
UK banking group Lloyds is intending to sell its interest in a portfolio of private equity-related investments worth over a billion pounds which made a loss last year.
ENRC slashes divi as profits tank
Wednesday 15 Aug 2012
Diversified mining giant Eurasian Natural Resources Corp (ENRC) was hit by a fall in commodity prices and challenging economic conditions in the first half, meaning that both revenues and profits were significantly lower than the same period in 2011.
Standard Chartered pays to get NY regulator off its back
Wednesday 15 Aug 2012
Standard Chartered has reached a settlement with the New York Department of Financial Services (DFS) over claims its US subsidiary illegally processed payments for Iran.
London close: Stocks maintain gains despite mixed data
Tuesday 14 Aug 2012
- Eurozone GDP in line - German and French data beats expectations - UK inflation rises in July
Illegal strikes at mine cause death and delays for Lonmin
Tuesday 14 Aug 2012
Platinum group metals (PGMs) producer Lonmin has reported a 'serious and ongoing outbreak of violence' at its West Marikana mine operations in South Africa, killing seven Lonmin workers and two policemen.
Manganese Bronze shares plunge after accounting error
Tuesday 14 Aug 2012
Manganese Bronze Holdings has delayed the release of its unaudited results for the half year ended June 30th after accounting errors on last year's results came to light.
London midday: United Utilities leads stocks higher
Tuesday 14 Aug 2012
- UK CPI inflation rises in July - Eurozone GDP falls in line with forecasts - United Utilities up on takeover speculation
Bad news for commuters as July inflation rises
Tuesday 14 Aug 2012
An unexpected rise in inflation in July will mean more pain for commuters, with annual price hikes based on that month's figure.
Broker snap: ITV's transformation on track, Nomura upgrades
Tuesday 14 Aug 2012
Nomura decided to upgrade its rating for terrestrial broadcaster ITV last night from 'neutral' to 'buy', saying that the current share price does not reflect the group's future potential.
Record output at Centamin's Sukari mine
Tuesday 14 Aug 2012
Egypt may not have been the most restful place in which to operate in 2012 but Egyptian gold miner Centamin is sticking with its production guidance after second quarter output hit record levels.
London open: Stocks gain as German GDP beats forecasts
Tuesday 14 Aug 2012
- German GDP above forecasts - Japanese stimulus could be on the agenda - Standard Life impresses as profits jump
Commodities: Oil and gold ease despite dollar weakness
Tuesday 14 Aug 2012
In a quiet day's trading on the New York Mercantile Exchange, the price of oil eased in line with US equities.
Standard Life results driven by strong UK showing
Tuesday 14 Aug 2012
Life assurance behemoth Standard Life saw profits rise in the first half after a strong performance in the UK, its biggest market.
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