Editor's Picks
Antofagasta profits soar as copper rallies
Tuesday 23 Aug 2011
South America-focused copper miner Antofagasta posted a sharp rise in profits for the six months to 30 June as prices for the red metal soared and said its ability to keep costs down leaves it well placed to come with recent commodity price volatility.
Segro cautiously confident as tough conditions persist
Tuesday 23 Aug 2011
Real estate group Segro posted a 56.6% drop in half year pre-tax profit while rental income fell 6.1% as occupier markets recover slowly.
Daily Mail sells US business
Tuesday 23 Aug 2011
Publisher and events organiser Daily Mail and General Trust (DMGT) is to sell its US events management firm George Little Management (GLM).
Tuesday newspaper round-up: Market worries, Bundesbank, Libya
Tuesday 23 Aug 2011
Markets may be heading into a new squall amid overblown optimism that the Federal Reserve will announce a big new economic stimulus package on Friday, analysts have warned. The Dow Jones industrial average rose sharply before settling little changed, driven by what some economists warned was premature speculation that the Fed would purchase hundreds of billions of dollars of government bonds in
London pre-open: Revival set to continue
Tuesday 23 Aug 2011
Footsie is tipped to open with a 50 point gain, continuing yesterday afternoon's revival. Security services provider G4S said it is seeing organic revenue growth accelerating in most regions and business sectors, as the global economy continues its recovery from the recession. Group turnover rose 5% on a constant exchange rates basis to £3.76bn.
London close: Higher finish for FTSE 100
Monday 22 Aug 2011
The FTSE 100 quickly snapped out of its poor start to finish with gains, though these were somewhat off earlier highs following the start of trading on Wall Street. Gold producers such as Randgold Resources and Petropavlovsk were driven higher by rising prices for the precious metal. Oilfield services group Petrofac was in demand after it said it is on course to
Premium broker snap: Buy Petrofac, says Prime Markets
Monday 22 Aug 2011
Prime Markets reiterated its buy rating on FTSE 100 oilfield services giant Petrofac following the firm’s interim results issued on Monday morning.
US open: Stocks join global rally
Monday 22 Aug 2011
Stocks are posting gains today in line with recovering share prices in other markets. Traders are speculating that the Federal Reserve may unveil further measures to kick-start the world’s biggest economy. Chairman Ben Bernanke will be making a speech at the central bank’s annual meeting on Friday.
ICAP could relocate, says CEO
Monday 22 Aug 2011
ICAP, the world’s largest interdealer broker, was among the top risers of the FTSE 100 on Monday after its chief executive, Michael Spencer, hinted that the company could leave the EU to escape the “silly tax” that could be imposed by European leaders.
Parseq approached by CEO
Monday 22 Aug 2011
Shares is mobile and online banking software specialist Parseq leapt higher on Monday afternoon after the group confirmed that it has received an approach from a “potential offeror” led by the firm’s founder and chief executive, Rami Cassis.
US pre-open: Wall Street to join rally
Monday 22 Aug 2011
Stocks are set for gains today in line with recovering share prices in other markets. Traders are speculating that the Federal Reserve may unveil further measures to kick-start the world’s biggest economy. Chairman Ben Bernanke will be making a speech at the central bank’s annual meeting on Friday. Corporate updates
Broker tips: Resolution, WPP, Carillion,
Monday 22 Aug 2011
UBS thinks that things could take a while to improve for insurance buyout firm Resolution and slashes its target price for the stock by 14%.
Mining Round-up: Avocet, North River, Solomon, Ariana
Monday 22 Aug 2011
The resource estimate at gold miner Avocet’s Inata mine license area in Burkina Faso has been upped by 59% to 3.36m ounces. The figure includes measured, indicated and inferred resources.
Rebels take over most of Tripoli
Monday 22 Aug 2011
Reports indicate that Muamar Gaddafi's regime is facing its last hours in Libya. Following a night of combat, rebel troops have been able to occupy nearly all of Tripoli, according to several news agencies.
Europe midday: Stocks consolidate early gains
Monday 22 Aug 2011
With the Libyan civil war apparently approaching the end-game, the price of oil has dipped while equities have clawed back a fraction of their recent losses.
London midday: Stocks post big gains as miners advance
Monday 22 Aug 2011
Despite a faltering start, the FTSE 100 is now posting near triple-digit gains with resource stocks in particular posting big gains. A surging gold price, which stands just below the $1,900 level drives FTSE 100 miner Randgold Resources to the top of the pile. Oilfield services group Petrofac was in demand as it said it is on course to deliver like-for-like
OECD growth slowed in second quarter
Monday 22 Aug 2011
Economic growth in the Organisation for Economic Cooperation and Development (OECD) group of industrialised countries slowed in the second quarter of 2011 amid a sharp deceleration in European countries including the UK.
Mining Round-up: Avocet, North River, Solomon, Ariana
Monday 22 Aug 2011
The resource estimate at gold miner Avocet’s Inata mine license area in Burkina Faso has been upped by 59% to 3.36m ounces. The figure includes measured, indicated and inferred resources. “The growth of the Inata Mineral Resource surpasses our expectations and supports our view that the Inata gold mine is capable of sustaining higher production rates over a longer mine life,”
Sirius extends losses but eyes new oil fields
Monday 22 Aug 2011
Oil and gas exploration firm, Sirius Petroleum, recorded a big jump in losses but news of potential oil field targets buoyed shares.
Europe open: Milan soars on Libyan hopes
Monday 22 Aug 2011
Buyers have returned to the market in Europe, and with the exception of Germany, bulls are in the ascendancy, ahead of this week's meeting of central bankers in Jackson Hole, Wyoming.
You are here: news > editors picks
10 Lower Thames St,
London EC3R 6EN