Editor's Picks
Ashmore Group reports quarterly AuM growth
Tuesday 08 Oct 2013
Ashmore Group reported a rise in assets under management for the quarter boosted by strong net inflows.
London open: Markets suffer as US crisis drags on
Tuesday 08 Oct 2013
The FTSE opened around 15 points lower this morning, tracking steep losses seen in US, as the political brinkmanship over the debt ceiling continued into its second week.
Wednesday tips round-up: Victrex, Burlington Stores, Robert Walters
Monday 07 Oct 2013
Polyether ether ketone (PEEK), never heard of it? For the ignorant, it is a thermoplastic. Yes indeed, it goes into smartphones, cars, aircraft — about a tonne in each Boeing Dreamliner — and into medical products such as spine strengtheners and dental plates that are put into the human body. Victrex, one of its manufacturers, was bought out of ICI for 15m pounds two decades ago. Now the global
Marston's sales boosted by second-half heatwave
Monday 07 Oct 2013
Pubs owner and ale brewer Marston's said its performance for the second half-year has been encouraging, with the heatwave over the summer offsetting poor weather during the first half-year.
Broker snap: Fresnillo a 'buy' after recent falls, says UBS
Monday 07 Oct 2013
Precious metals group Fresnillo was among the few risers on the FTSE 100 on Monday morning after UBS raised its rating for the stock from 'neutral' to 'buy', saying the recent weakness in the stock provides a buying opportunity.
Burberry's shares slide on China slowdown
Monday 07 Oct 2013
Burberry’s shares fell after the luxury goods maker’s Chief Executive Officer Angela Ahrendts said sales were slowing in China due to a weak market.
FTSE 100 movers: M&S hit by Credit Suisse comments
Monday 07 Oct 2013
High Street department store Marks & Spencer was trading in the red after Credit Suisse retained its 'underperform' rating, saying that full-year forecasts "look demanding" after a weak first-half. The bank said the shares - trading at a 20 per cent premium to the long-term average - look "overbought" after a 30 per cent rise so far this year.
BAE on track for double-digit EPS but warns about delays
Monday 07 Oct 2013
Defence group BAE Systems said it was on track for double-digit earnings per share in 2013, but warned it could take a hit from any delays in concluding a jet fighter deal with Saudi Arabia and a protracted US government shutdown.
Broker snap: M&S full-year forecasts under pressure, says Credit Suisse
Monday 07 Oct 2013
High Street department store Marks & Spencer (M&S) was trading in the red on Monday morning after Credit Suisse retained its 'underperform' rating, saying that full-year forecasts 'look demanding' after a weak first half.
Week ahead: Market on tenterhooks ahead of US non-farm payrolls
Friday 04 Oct 2013
The coming week will see markets on tenterhooks. Apparently conciliatory remarks from the speaker of the US House of Representatives – John Boehner – this past Thursday may be a good omen as the debt-ceiling stand-off continues on Capitol Hill next week. In turn, one would think that it may allow investors to shift their focus somewhat away from the bickering Stateside and back towards the flow
Eli Lilly warns on 2014 revenues
Friday 04 Oct 2013
US drugs giant Eli Lilly warned on Thursday that it may not be able to meet its previous guidance of generating at least 20bn dollars in revenues next year due to "challenging" market conditions and foreign-exchange effects in Japan and the emerging markets.
Tuesday tips round-up: Aim, Melrose Industries, Petra Diamonds
Friday 04 Oct 2013
In the third quarter the number of companies joining the Alternative Investment Market (Aim) was higher than the number leaving for the first time in two years. Somewhat surpirisngly as well, the list of companies who have recently floated on it reads like a laundry list of sectors which have furnished investors with big losses in the past. It is too early to be bullish about Aim. In the second
London pre-open: FTSE to decline as US crisis rumbles on
Friday 04 Oct 2013
City sources predict the FTSE 100 will open around 23 points lower than Friday's close of 6,453.88, as US leaders failed to come to a resolution over the budget crisis.
London midday: UK markets lack direction as US budget impasse persists
Friday 04 Oct 2013
After a slow start, the FTSE 100 had erased losses by midday on Friday but markets remain subdued as stocks struggle for direction in the absence of economic news and ongoing political uncertainty in the States.
Broker snap: Investec upgrades Barclays to 'buy'
Friday 04 Oct 2013
Investec has raised its recommendation for banking group Barclays from 'add' to 'buy' and retained its 300p target price despite what is expected to be a 'lacklustre' third-quarter report on October 30th.
London open: Stocks fall as US shutdown continues
Thursday 03 Oct 2013
Markets look to end the week on a quiet note with stocks lacking direction in the absence of the all-important US jobs report; the FTSE 100 fell slightly in the red on Friday morning.
Carpetright CEO to leave as profit warning issued
Thursday 03 Oct 2013
Carpetright announced the departure of Chief Executive Darren Shapland as it warned falling sales meant full year profits would be 'significantly' below its previous expectations.
US pre-open: Stock futures slide as government shutdown continues
Thursday 03 Oct 2013
US stocks are expected to go into the red as the government shutdown enters its third day.
FTSE 100 movers: Tesco leads after broker retains 'buy' rating
Thursday 03 Oct 2013
In a research note issued this afternoon, analysts at Shore Capital have decided to retain their “buy” stance on shares of supermarket Tesco, despite the company’s extremely poor results in Europe.
UK competition watchdog orders Cineworld cinema sale
Thursday 03 Oct 2013
Regulators are to force cinema operator Cineworld to sell cinemas in three UK towns and cities over monopoly concerns about its deal to buy City Screen.
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