Editor's Picks
Price cuts eat into Tesco's top line as Q1 LFL sales drop 3.7%
Wednesday 04 Jun 2014
The decline in like-for-like (LFL) sales at Tesco's UK business worsened in the first quarter as the recent wave of price cuts across the grocery industry began to take its toll on supermarkets' top lines.
Investors should pile back into Poundland, says JP Morgan
Wednesday 04 Jun 2014
Investors should start buying cut-price retailer Poundland again after a sell-off caused by competition from rival Tesco, says JP Morgan Cazenove.
Lloyds withdraws from Rosneft-BP deal
Tuesday 03 Jun 2014
Lloyds Banking Group has reportedly withdrawn from a $1.5-$2bn trade finance deal involving Russian oil company Rosneft.
Lloyds withdraws from Rosneft-BP deal
Tuesday 03 Jun 2014
Lloyds Banking Group has reportedly withdrawn from a $1.5-$2bn trade finance deal involving Russian oil company Rosneft.
US Close: Stocks fall after factory data, Fed speech
Tuesday 03 Jun 2014
US stocks declined as a report showed factory orders in the world’s biggest economy slowed in May and a Federal Reserve official said the central bank should hold off on raising interest rates.
Broker tips: Shire, Foxtons, Tate & Lyle, Bowleven
Tuesday 03 Jun 2014
UBS has hiked its target price for Shire by nearly a tenth, saying that the rumoured acquisition of Nasdaq-listed NPS Pharmaceuticals would "make sense" for the Dublin-based biopharmaceutical group. The bank kept a 'neutral' stance on the shares, but lifted its target from 3,150p to 3,450p.
London close: FTSE weighed by data, supermarkets and miners
Tuesday 03 Jun 2014
A slowdown in UK construction, concerns about growth amongst the Big Four, and Chinese data all contributed to a negative performance by UK stocks.
Wednesday preview: Tesco to report first quarter results
Tuesday 03 Jun 2014
Tesco is expected to on Wednesday report its worst set of results in 20 years amid growing competition from smaller discount chains.
FTSE 250 movers: Tullet Prebon jumps on CEO speculation
Tuesday 03 Jun 2014
London-based interdealer broker Tullett Prebon jumped on speculation it could soon announce a successor to long-running Chief Executive Officer Terry Smith. According to reports, Smith, a well-known financial executive in the City, is thought to be planning to work full time at Fundsmith, the asset management company he started four years ago.
Foxtons boss quits for personal reasons
Monday 02 Jun 2014
The Chief Executive of newly floated estate agent Foxtons, Michael Brown, is quitting for personal reasons.
London Mining evacuates staff due to ebola outbreak in Sierra Leone
Monday 02 Jun 2014
An outbreak of the Ebola virus in Sierra Leone has forced metals producer London Mining to evacuate staff from the country, although the company said production at its Marampa mine was unaffected.
Income inequality in UK and US may trigger central bank response
Monday 02 Jun 2014
Investors underestimating the dangers of income inequality may be in for a rude awakening as they may trigger a response from central bankers.
Amur hails Russia's removal of metal export tax
Monday 02 Jun 2014
Russia has announced the removal of export taxes on nickel and copper, which AIM-listed Amur Minerals says could save it around $230m.
London pre-open: FTSE to move lower ahead of Eurozone data
Monday 02 Jun 2014
UK stocks are expected to reverse a significant portion of Monday's losses ahead of the release of the latest Eurozone inflation and unemployment rate figures later on today.
G4S appoints India CEO to oversee group strategy
Monday 02 Jun 2014
G4S has promoted the head of its India business to oversee group strategy at the security firm.
Prime Wealth says Wolseley shares may regain year-highs
Monday 02 Jun 2014
Shares in plumber's merchant Wolseley could regain year-highs as the company cashes in on the recovering global economy, broker Prime Wealth says.
Numis upgrades Breedon on growth prospects after bolt-on deal
Monday 02 Jun 2014
Numis Securities has upgraded its rating for UK aggregates business Breedon from 'add' to 'buy' after Monday's acquisition of North Cotswolds-based peer Huntsman's Quarries, saying that it is an "attractive deal".
FTSE 100 movers: Rio Tinto leads miners higher after Chinese PMI
Monday 02 Jun 2014
Mining giant Rio Tinto rose strongly after announcing that it has completed the $1.02bn sale of its majority interest in the Clermont Mine in Australia, leaving buyer Glencore in charge. The disposal of the 50.1% stake, announced last October, "delivers good value for Rio Tinto's shareholders", the company said in a statement this morning.
Spanish monarch abdicates in favour of Crown Prince
Monday 02 Jun 2014
After 39 years of rule, Spanish King Juan Carlos I announced his intention to abdicate on Monday.
London open: Chinese data gives UK mining stocks a boost
Monday 02 Jun 2014
Rising mining stocks helped UK equity markets to gain on Monday morning, as risk appetite was given a boost by improved manufacturing figures from China.
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