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  • London close: Footsie up, but Eurozone fears limit gains

    Thursday 09 Aug 2012

    - FTSE 100 nudges higher for fifth straight gain - Cooling inflation in China boosts stimulus hopes - ECB cuts growth forecasts

  • ECB cuts growth forecasts for 2012 and 2013

    Thursday 09 Aug 2012

    The European Central Bank (ECB) gave a gloomy outlook for the Eurozone economy on Thursday in its monthly report, dampening sentiment on equity markets as it downgraded its growth prospects for this year and the next.

  • Olympus loans under scrutiny as lies catch up with firm

    Thursday 09 Aug 2012

    Troubled Japanese camera and medical equipment maker Olympus says it believes its lenders will support it, despite admitting it lied in its financial reports.

  • Costs rise as rain falls on Bumi

    Thursday 09 Aug 2012

    Heavy rain has hit Bumi's output this year, but an improved performance in the second quarter should continue into the second half (weather permitting), ensuring most of the miner's production shortfall is made good.

  • Thursday broker round-up

    Thursday 09 Aug 2012

    AMEC, Anglo American, Aquarius, BBA, BTG, Dignity, French Connection, Grainger, IHG, Lonmin, Max Petroleum, Ocado, Telecity, TUI, William Hill

  • London midday: Gains erased as ECB cuts GDP forecasts

    Thursday 09 Aug 2012

    - ECB cuts growth expectations - Cooling Chinese inflation boosts stimulus hopes - Footsie pulls back from four-month high

  • UK trade gap widens as global growth hits exporters

    Thursday 09 Aug 2012

    The UK trade deficit hit a record 28.3bn pounds in the second quarter, according to figures released by the Office for National Statistics (ONS) today.

  • MoneySupermarket deal gets go-ahead from OFT

    Thursday 09 Aug 2012

    MoneySupermarket.com Group's proposed acquisition of MoneySavingExpert has been given the green light by the the Office of Fair Trading (OFT).

  • Broker snap: UBS downgrades Ocado, halves target price

    Thursday 09 Aug 2012

    UBS has downgraded its recommendation for online grocery group Ocado from 'neutral' to 'sell', saying that consensus expectations for next year are 'too bullish' and demand growth is slowing.

  • London open: Footsie edges higher on Chinese stimulus hopes

    Thursday 09 Aug 2012

    - Hopes of Chinese stimulus drive gains - DBRS downgrades Spain and Italy - Randgold rises after results, StanChart continues to rebound

  • Thursday tips round-up: Old Mutual and Xstrata

    Thursday 09 Aug 2012

    The Tempus column in The Times celebrates the impressive turnaround that Anglo-South African financial firm Old Mutual has achieved in just four years. Chief Executive Julian Roberts took a business ('that could best be described as a sprawling financial mess', the paper says) that stretched across 33 countries and aimed to simplify the group, selling assets, temporary suspending the dividend and

  • Grainger resilient despite tough backdrop

    Thursday 09 Aug 2012

    FTSE 250 residential property owner and manager Grainger said it has put in a strong operational performance in the third quarter but did caution the fragility of the economic backdrop.

  • AMEC sees revenues jump in the first half

    Thursday 09 Aug 2012

    Engineering and consultancy group AMEC said it is on track for double-digit underlying revenue growth this year as sales jumped by over a third in the first half, driven by a strong performance in the oil, gas and mining sectors.

  • Randgold's profits surge

    Thursday 09 Aug 2012

    Gold miner Randgold Resources saw profits surge in the first half of 2012 on the back of a record performance from its flagship Loulo-Gounkoto complex in Mali.

  • Thursday newspaper round-up: StanChart, Barclays, Chinese inflation...

    Thursday 09 Aug 2012

    Standard Chartered has sought advice about whether it can pursue a legal action against the US regulator that on Monday accused the British bank of being a rogue institution which had funded $250bn of Iranian sanctions breaches. The bank’s legal advisers believe “there is a case” for claiming reputational damage, according to two people close to the situation, although StanChart is conscious of

  • US close: Rally running out of steam

    Thursday 09 Aug 2012

    - H-P up despite $8bn impairment charge - Dean Foods spin-off sparks feeding frenzy - Big Mac seller sees like-for-like sales ease 0.1% year-on-year

  • FX round-up: Sterling climbs after inflation report

    Thursday 09 Aug 2012

    Traders switched out of the euro on Wednesday, with many switching to the old favourite, the US dollar, while the Japanese yen also had its supporters ahead of Thursday's expected meeting of the Bank of Japan.

  • Commodities: Oil dips despite stockpile depletion

    Thursday 09 Aug 2012

    Profit takers moved in on oil, as the price of the black stuff recovered to its highest level since mid-May at one point.

  • London close: Stocks finish higher after late rally

    Wednesday 08 Aug 2012

    After an early fall, London's benchmark index rallied in afternoon trade to finish just a few points higher, extending gains from the previous three sessions.

  • Old Mutual slashing away at debt

    Wednesday 08 Aug 2012

    Currency movements took the wind out of the sails of South African insurance group Old Mutual in the first half of 2012, but the group said its focus on emerging markets will stand it in good stead in the long run.

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