Editor's Picks
Fidessa resilient despite challenges
Wednesday 20 Apr 2011
Trading systems developer Fidessa said it recorded good growth since the start of the year but warned that overall markets are still expected to remain difficult for 2011.
Xstrata Copper buys Queensland assets
Wednesday 20 Apr 2011
The copper division of mining giant Xstrata is expanding its copper production capacity in Queensland, Australia with the purchase of assets from Exco Resources for A$175m (£113m).
Pinewood receives another bid offer
Wednesday 20 Apr 2011
Pinewood Shepperton today confirmed that it had received another bid offer not even two weeks after a takeover approach from its biggest shareholder. The company, which owns the film studios used for the James Bond films, confirmed that had received a further approach from an unconnected third party.
US close: Tech firms impress after stocks rise
Tuesday 19 Apr 2011
Stocks finished higher on a busy day on the company news front and the cheer continued with some bullish updates after the bell.
Record inflows at Hargreaves Lansdown
Tuesday 19 Apr 2011
Record inflows helped wealth manager Hargreaves Lansdown outperform a flat UK stock market in the three months to 31 March.
SABMiller sees volume growth outside North America
Tuesday 19 Apr 2011
Brewing giant SABMiller saw volume growth in all markets but North America in the quarter to 31March and said its overall financial performance was in line with expectations.
Tesco posts strong profit rise
Tuesday 19 Apr 2011
Tesco’s new chief executive Philip Clarke delivered profits and sales that were ahead of expectations as he unveiled the supermarket giant’s results for the year to 26 February. Pre-tax profits climbed by 11.3% from the same period a year ago to £3.53bn, on sales that climbed by 8.1% to £67.57bn. The full-year dividend is 14.46p, a 10.8% rise on the previous year.
Reed Elsevier sees growth across the board
Tuesday 19 Apr 2011
Business and academic publisher Reed Elsevier saw underlying revenue growth in each of its business groups once the effects of biennial events in its exhibitions group are taken out of the equation.
Redrow expects 'marginally ahead' FY completions
Tuesday 19 Apr 2011
Housebuilder Redrow said it expects full year completions to be marginally ahead of last year.
Commodities: Crude slides 2% after S&P bombshell
Tuesday 19 Apr 2011
Crude oil futures hit the skids on Monday after ratings agency Standard and Poor's cut its outlook on US government debt.
Burberry expects high-end profits
Tuesday 19 Apr 2011
Luxury fashion label Burberry expects profits for the financial year to March 31 to be at the top end of expectations after a strong performance in the final few months. Total revenues rose by 30% from the previous year on an underlying basis to £860m. In the retail division, where underlying sales were up by 42% to £596m, Burberry said its London stores “outperformed.”
Avanti Communications wins $7.6m refund
Monday 18 Apr 2011
Satellite operator Avanti Communications was flying high on Monday after a New York court upheld its claim for a $7.57m refund from Space Exploration Technologies Corporation.
A closer look at Monday´s Spanish debt auction
Monday 18 Apr 2011
Spanish debt auction results Monday morning came in rather weak, as was perhaps to be expected given the outbreak of restructuring-talk related news and speculation regarding that possibility, emerging from the International Monetary Fund´s spring meeting in Washington DC the week-end of 16-17 April.
Portugal rescue is not endangered by Finnish election results
Monday 18 Apr 2011
One of the factors affecting trading in Europe on Monday, undoubtedly, is the solid results obtained Sunday in Finland's national elections by the euro-sceptic True Finns party.
Alterian's ‘sorting it out’ after recent profit warning
Monday 18 Apr 2011
After numerous profit warnings over the last month, the chairman of marketing software provider Alterian has reassured investors over its near-term recovery, saying “we are going to sort it out.”
Aveva on track for FY
Monday 18 Apr 2011
Engineering software firm Aveva said it expects full year results to be in line with expectations after a good performance in Asia Pacific Oil and Gas and Power sectors.
Desire slumps after abandoning well
Monday 18 Apr 2011
Falklands oil explorer Desire Petroleum crashed to a 52-week low after plugging and abandoning the 14/15-3 well on the Ninky prospect in the North Falkland basin. Oil shows were encountered while drilling but not enough to justify continued drilling. Analysis of the drilling results suggests that the company would have been better off drilling a bit further to the east.
Greene King FD pops off to Ladbrokes
Friday 15 Apr 2011
Lots of people fancy a bet after a trip to the pub but Ian Bull, group finance director of pubs group Greene King, is taking the practice to extremes by leaving the brewer to take up a similar role at Ladbrokes, the bookie.
China raises banks´ required reserve ratio
Friday 15 Apr 2011
China has this morning raised banks´ required reserve ratio by 50 basis-points, to 20.5%, effective from April 21. This is the fourth such decision so far this year and comes on the heels of stronger than expected macroeconomic data published last Friday. Those reports showed GDP to have grown at a 9.7% pace in the first quarter, with inflation running a 5.4% rate.
Norseman takes axe to profits guidance
Friday 15 Apr 2011
Australian gold producer Norseman Gold hit a 52-week low after it said slow progress at some of its operations means it will make an operating loss this year.
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