Editor's Picks
Spectris interim revenues jump
Friday 15 Jul 2011
Spectris, which develops precision instrumentation and controls to help manufacturers and other companies improve their productivity, expects sales for the first half of 2011 to be more than a fifth higher than the same period last year.
Friday newspaper round-up: Murdochs, Volcker, BHP Billiton
Friday 15 Jul 2011
Rupert and James Murdoch are to be sued personally for their handling of the phone-hacking debacle, it emerged on Thursday night as the family’s woes intensified on both sides of the Atlantic. They will have to answer claims personally that they neglected their “fiduciary duty”, rather than have News Corp defend the case as a corporate entity, the Telegraph reports.
Tullow draws a blank in Ghana
Friday 15 Jul 2011
You can't win them all, as Tullow Oil has discovered with the Makore-1 exploration well on the West Cape Three Points Block, off the Republic of Ghana. You can't win them all, as Tullow Oil has discovered with the Makore-1 exploration well on the West Cape Three Points Block, off the Republic of Ghana.
Friday tips round-up: Pendragon, Centaur, ABF
Friday 15 Jul 2011
The rights issue from Pendragon, our biggest car dealer, does the job of shoring-up the finances and putting the business in a better shape to go ahead. It is also enormous, nine new shares for eight and at 10p, is a 54% discount to the last closing share price. Nick Bubb at Arden Partners is looking for £33.5 million pre-tax profit this year. The rights issue solves a lot of problems and the
Friday newspaper round-up: Murdochs, Volcker, BHP Billiton
Friday 15 Jul 2011
Rupert and James Murdoch are to be sued personally for their handling of the phone-hacking debacle, it emerged on Thursday night as the family’s woes intensified on both sides of the Atlantic. They will have to answer claims personally that they neglected their “fiduciary duty”, rather than have News Corp defend the case as a corporate entity, the Telegraph reports.
US close: Stocks give up gains, Google impresses
Thursday 14 Jul 2011
Stocks gave up gains to close in the red Thursday after Federal Reserve president Ben Bernanke poured cold water on speculation that a new bout of stimulus is on the cards.
London close: Thomas Cook leads the decline
Thursday 14 Jul 2011
Stocks closed firmly in the red on a day that saw stocks moving sharply in both directions after a raft of updates. Investors had a keen appetite for shares in Premier Foods. The Hovis bread and Sharwood ready-meals maker unveiled industry veteran Mike Clarke as its new head honcho. Clarke, currently President of Kraft Foods Europe, will take over as chief
Yell bets on small business services
Thursday 14 Jul 2011
Yell Group, the publisher of the Yellow Pages, has announced it wants to transform itself into a leader of what it calls the “local eMarketplace.”
US open: JP Morgan drives stocks up
Thursday 14 Jul 2011
US stocks opened higher on Thursday morning with bank stock JP Morgan leading the way on better than expected earnings. At 10.40 local time the stock was up 2.9% at $40.76. Other notable movers included Yum! Brands which owns the Kentucky Fried Chicken and Pizza Hut chains; it was up 2% in late morning trading.
Bankers drive Pendragon to reduce debt
Thursday 14 Jul 2011
The UK’s largest motor dealer Pendragon is to tackle its debt mountain at the behest of its bankers through a deeply discounted rights issue.
US pre-open: Stocks set for gains
Thursday 14 Jul 2011
Stocks are seen starting on the front foot as corporate updates cheer investors. Banking giant JP Morgan reported higher than expected quarterly profits helped by fewer bad mortgages and credit card loans. Oil giant ConocoPhillips’s plans to split into two companies were given the thumbs up by investors.
Hamworthy's order book pumped up
Thursday 14 Jul 2011
Hamworthy, the AIM listed supplier of products to the oil and gas sector, has seen orders rise nearly 50% year on year. The order book was worth £261m by the end of June compared to £134m at the same point in 2010, company chairman Gordon Page told shareholders at the firm's annual general meeting.
Serial kisser makes a killing for Eros
Thursday 14 Jul 2011
Eros International, the Indian film distributor, has announced impressive results for its Murder 2 title, released last Friday (July 8).
Sinclair sees revenue ahead of expectations
Thursday 14 Jul 2011
Skin treatments supplier Sinclair IS Pharma said full year revenue raced ahead of expectations last year due to a strong performance in its fourth quarter and the contribution of its newly merged business.
Europe afternoon: Volte face for Italy after bond auction
Thursday 14 Jul 2011
Having been one of the few bright spots on the European mainland at the start of trading this morning, the Italian market has found one of its reverse gears after the country's bond auction, which saw yields hitting a new high. Italy sold 2016-maturity bonds worth €1.25bn at a yield of 4.93%, the highest since June 2008.
Record yield at Italian bond auction
Thursday 14 Jul 2011
Thursday's Italian auction of up to €5 billion of five and fifteen year bonds saw the government raise €4.97bn, but it did so at a very pretty price. The 5-year Treasury bond auction concluded with the interest rate equalling the June 2008 high of 4.93%, with buyers for €1.25bn of the short-dated bonds.
London midday: Stocks move lower
Thursday 14 Jul 2011
Stocks are deep in the red following this morning’s slide. Associated British Foods is bucking the downward trend. It said its outlook for the full year is in line with expectations as its food arm and budget clothing retail chain Primark continue to perform well. Silver producer Fresnillo is sparkling following strong quarterly production figures,
Broker snap: BSkyB could rally, says Panmure
Thursday 14 Jul 2011
In a statement of the blindingly obvious, Panmure Gordon says that the probability of a successful takeover by Rupert Murdoch’s News Corporation of the satellite broadcaster BSkyB has been reduced to zero. Panmure, which previously thought there was a 10% chance of the deal going ahead, places its target price on BSkyB “under review”,
Soaring overseas sales boost ASOS
Thursday 14 Jul 2011
Soaring international sales helped online celebrity-inspired fashion retailer ASOS maintain its eye-watering upward momentum in the three months to 30 June.
Record gold and silver hauls at Fresnillo
Thursday 14 Jul 2011
Mexican precious metals miner, Fresnillo, has announced record production of both gold and silver in the second quarter of 2011.
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