Editor's Picks
Premium broker snap: Credit Suisse upgrades Man Group to 'outperform'
Wednesday 22 Jun 2011
Man Group is “[m]oving in the right direction”, according to Credit Suisse, who upgrades the hedge fund manager from a ‘neutral’ to an ‘outperform’ rating.
Europe open: Dim view taken of Philips's forecasts
Wednesday 22 Jun 2011
The Greek government survived last night's vote of confidence motion but that was widely expected and has not provided any sort of lift to European shares.
Fuller's picks holes in Capital Pub brush-off
Wednesday 22 Jun 2011
Pub group Fuller, Smith and Turner has taken a magnifying glass to smaller rival The Capital Pub Company’s full-year results and identified several issues that it thinks should persuade Capital shareholders to accept its rebuffed bid.
Astra sells Swedish dental unit
Wednesday 22 Jun 2011
Pharmaceuticals behemoth AstraZeneca is to sell its dental and healthcare Astra Tech business to DENTSPLY for around $1.8bn in cash.
Weak demand to hurt Philips's profits
Wednesday 22 Jun 2011
Royal Philips Electronics sent a shock wave through the financial markets after it warned of a significant drop in its lighting and consumer lifestyle business units due to weak market demand, and said it will announce a company-wide cost reduction program.
Wednesday tips round-up: Whitbread, Capital Pub, Chemring
Wednesday 22 Jun 2011
Costa Coffee and Premier Inn owner Whitbread had indicated at the time of its preliminaries in April that the pace of growth was slowing. Some brokers hope for a bid from private equity, but others worry about further weakness in the regional hotel trade. On almost 13 times’ this year’s earnings, further outperformance looks unlikely, says the Times.
Capital & Counties submits Earls Court plans
Wednesday 22 Jun 2011
Central London-focused property group Capital and Counties (Capco) is set to submit planning applications for the Earls Court and West Kensington Opportunity Area in west London after two years of consultation.
London pre-open: Subdued start in store
Wednesday 22 Jun 2011
Hopes that the Greek government winning a vote of confidence overnight would put investors in an optimistic frame of mind look set to be dashed at the outset, with City traders suggesting the blue-chip index will open a handful of points lower.
Aggreko picks up slack in Tanzania
Wednesday 22 Jun 2011
Aggreko, the Scottish company that is a global player in the temporary power market, has bagged a new contract with the Tanzania Electric Supply Company (TANESCO). The estimated value of the power contract, which runs for a 12-month period is $37m. Aggreko will also manage the fuel supply associated with the power generation.
Wednesday newspaper round-up: Greece, energy companies, women on bank boards
Wednesday 22 Jun 2011
European leaders have been urged to scrap plans for a second Greek bail-out – as the Athens government wins a critical vote of confidence in parliament. Leading London-based think tank Open Europe has claimed that a fresh bail-out, expected to be around €120bn (£106bn), will almost triple taxpayers’ existing exposure to Greek debt, reports the Telegraph.
Europe close: Stocks rally ahead of crucial Greek vote
Tuesday 21 Jun 2011
Stocks rallied to close with strong gains as investors looked ahead to a vote of confidence in the Greek parliament.
Will Nokia's N9 prove to be a game changer?
Tuesday 21 Jun 2011
The future of Nokia is a couple of years late.
Europe close: Stocks rally ahead of crucial Greek vote
Tuesday 21 Jun 2011
Stocks rallied to close with strong gains as investors looked ahead to a vote of confidence in the Greek parliament
US close: Stocks finish up before Greek vote, RIM surges
Tuesday 21 Jun 2011
US markets rallied to a strong finish on Tuesday ahead of a vote of confidence in the Greek parliament. Wall Street registered its fourth day of gains, with the Dow seeing a triple-digit surge. The Dow gained 110 to 12,190, the Nasdaq finished 58 points higher at 2,687, while the S&P 500 rose 17 to 1,296. Victory in the Greek vote will be necessary if the prime minister is to have any (...)
First Property prefers Poland to London
Tuesday 21 Jun 2011
Poland-focused property fund management group First Property is looking to kick on this year as the effects of recent purchases start feeding through to the bottom line.
Crawshaw chops profit guidance
Tuesday 21 Jun 2011
Rising prices and tough trading conditions mean that meat-focused retailer Crawshaw now expects profits for the current year to below expectations.
Food for thought in Capital Pub numbers
Tuesday 21 Jun 2011
Capital Pub Company, the London-based pub chain that is benefiting from the capital’s strong economic performance in the face of tough times elsewhere, is raking in the profits.
Stars cash in at Jupiter
Tuesday 21 Jun 2011
Jupiter Fund Management expects to show a healthy increase in profits at the halfway stage as assets under management (AuM) continue to climb, but that did not stop some of the fund manager's star names cashing in some of the shares held since before the company's flotation.
US open: Stocks up on Greek optimism, and low volumes
Tuesday 21 Jun 2011
The main US benchmarks are now registering strong gains (Dow Jones: +92, Nasdaq Composite: +46, S&P 500: +15). To be had very much in account however, trading volumes are still quite low. The above against a backdrop of some apparently positive news out on the Greek situation and ahead of the confidence vote that the Greek Prime Minister faces tonight.
Gilts little changed despite equity rally
Tuesday 21 Jun 2011
Gilts were uncertain which way to move on a day that saw equities rise on hopes the Greek debt crisis may be nearing a resolution, the Debt Management Office (DMO) auction £4.75bn of government debt and public sector borrowing fall back in May.
You are here: news > editors picks
10 Lower Thames St,
London EC3R 6EN