Editor's Picks
FTSE 100 movers: Miners unwanted as metals prices drop
Thursday 23 Jun 2011
Miners dominated the fallers of the FTSE 100 on Thursday afternoon as commodity prices took a tumble. Vedanta Resources, ENRC, Kazakhmys and Xstrata are among the top ten worst performers, tracking copper, gold and silver futures lower. Just five stocks are making gains, British Sky Broadcasting being the highest riser. Rupert Murdoch’s Newspaper group News Corp’s...
Rank accepts Guoco takeover
Thursday 23 Jun 2011
The board of casino and bingo group Rank has succumbed to a takeover offer from Malaysian investment firm Guoco.
US open: Some see Fed as having left the door open to QE3?
Thursday 23 Jun 2011
The main New York benchmarks are still registering large falls (Dow Jones: -190, Nasdaq Comp.: -28, S&P 500: -20) but are now attempting, apparently, to bounce back a little, thanks to the better than expected US housing data just out this afternoon. The most important references, however, are the reaction to Bernanke´s speech last night and the IEA decision to tap its strategic reserves. Not to
NewsCorp's BSkyB takeover given the nod
Thursday 23 Jun 2011
Rupert Murdoch’s Newspaper group News Corp’s takeover of satellite broadcaster BSkyB has moved closer after the regulator Ofcom rubber-stamped the deal.
Premium tips: Imperial Tobacco, Aviva, Kesa...
Thursday 23 Jun 2011
Matrix upgraded tobacco giant Imperial Tobacco to a ‘buy’ rating, from ‘add’, but lowers the target price to 2,290p. “Spain’s first serious cigarette-price disruption since January 2006 created a headache for both manufacturers and government. However, a prolonged skirmish and contagion to other markets seem unlikely,” said analyst Chris Wickham, noting that investors should now take advantage of
Broker tips: Micro Focus, Imagination Tech, WS Atkins
Thursday 23 Jun 2011
While Singer expects revenue in the current year for Micro Focus to be slightly lower than its expectations, the broker keeps its ‘buy’ rating and 415p target price (TP).
Caledon locks in takeover deal with GRAM for £313.1m
Thursday 23 Jun 2011
Australian coking coal miner Caledon Resources has agreed to be bought by Bidco, a wholly-owned indirect subsidiary of China-based Guangdong Rising Assets Management for £313.1m, after receiving the Chinese regulatory approval, and ended a long-awaited deal.
Airbus signs a record deal for aircraft orders
Thursday 23 Jun 2011
Order books are filling up in the airline sector after the this year's week-long Paris Air Show. The biggest deal at the end of the air show belonged to Airbus.
Samaras sings a different tune on Greek austerity measures
Thursday 23 Jun 2011
Greece’s ruling party, which was recently forced to reshuffle its cabinet ministers and oust its finance minister, faces another hurdle in the form of the conservative opposition New Democratic leader Antonis Samaras, who announced his disapproval of the latest austerity plans.
Market share gains boost Norcros profits
Thursday 23 Jun 2011
Winning a bigger share of markets that are declining in both Britain and South Africa helped Norcros, the home products group behind Triton showers, move into profit in the year to March 31.
Premium broker snap: Comet's future the focus at Kesa Electricals, says Nomura
Thursday 23 Jun 2011
Nomura has revised its numbers down for electrical retailer Kesa Electricals, following the group’s full-year results which showed that weak trading at its UK chain Comet held back sales, prompting speculation of a sale.
Increased Maple offer for TMX ups pressure on LSE
Thursday 23 Jun 2011
The consortium of Canadian banks bidding against London Stock Exchange (LSE) for Canada’s TMX group has upped its offer, putting more pressure on the British exchange.
Chemring profits up despite budget cuts
Thursday 23 Jun 2011
Military decoy flare and mine detection firm Chemring managed to post a sharp rise in sales and profits in the half-year to 30 April despite constraints on military spending in Britain and the US.
Premier Farnell names Nicholas Cadbury CFO
Thursday 23 Jun 2011
Electrical components distributor Premier Farnell today announced Dixon Retail's Nicholas Cadbury has been appointed chief financial officer.
London open: Stocks slip after Bernanke caution
Thursday 23 Jun 2011
Shares are in the red after the US Federal Reserve's more cautious stance last night on the growth prospects of the world’s biggest economy.
Eurozone: Manufacturing PMI falls considerably in June
Thursday 23 Jun 2011
The preliminary Markit purchasing managers´ index (PMI) for Eurozone manufacturing fell to 52.0 points in June, from 54.6 in May, an 18 month low (consensus: 53.8).
Medusa bosses buy on weakness
Thursday 23 Jun 2011
A round-up of the biggest director deals today so far. Directors at Philippines-focused gold producer Medusa Mining have upped their stakes amid a weak spell for the company’s shares. Managing director Peter Hepburn-Brown took 15,00 shares at A$6.85 (449p) a time, paying a total of just over £67,000. He previously had no shares in the company.
End of the road for RAC at Aviva
Thursday 23 Jun 2011
Asset manager The Carlyle Group is to buy roadside assistance provider RAC from insurance giant Aviva for one billion pounds.
Commodities: Crude rises after surprise draw
Thursday 23 Jun 2011
Crude oil futures settled higher on Wednesday after US supplies declined more than expected and refineries bolstered production rates to the highest level in 10 months.
London pre-open: Fed casts a shadow
Thursday 23 Jun 2011
The Federal Reserve's more cautious stance on the growth prospects of the US economy is having a knock-on effect in London, where stocks are expecdted to open lower.
You are here: news > editors picks
10 Lower Thames St,
London EC3R 6EN