Editor's Picks
London open: Stocks snap losing streak after Chinese data
Thursday 03 Oct 2013
Markets opened with small gains on Thursday morning as investors turned their focus away from another day of the US government shutdown and instead concentrated on a raft of economic data.
Thursday newspaper round-up: BP, Deadlock, Lloyds
Thursday 03 Oct 2013
BP has reached a milestone in its legal battle to limit its compensation settlement for the 2010 Deepwater Horizon disaster, following a favourable ruling from a US court. The Fifth Circuit appeals court in New Orleans on Wednesday night approved an injunction to stop payments to businesses that had not “experienced actual injury traceable to loss” from the Deepater Horizon accident. The ruling
Essar Energy opts to sell stake in Kenyan refinery
Thursday 03 Oct 2013
Essar Energy, the FTSE 250 integrated energy company, has unveiled plans to leave its 50 per cent-owned joint venture business Kenya Petroleum Refineries (KPRL), which operates the oil refinery in Mombasa, Kenya.
Ted Baker half-year profit leaps 50 per cent
Thursday 03 Oct 2013
London-based clothing company Ted Baker revealed a strong set of half-year results, as it entered six new international markets, and said trading in the key second half has been positive across the business.
Monday newspaper round-up: Royal Mail, RBS, Jaywings
Thursday 03 Oct 2013
Institutional investors are preparing to take the lion’s share of the biggest government flotation in 20 years as Royal Mail stocks go on sale at what critics say is a substantial discount to their real value. Analysts expect many small investors to miss out as senior Labour figures claimed the Government was “ripping off” the taxpayer by selling the stocks prematurely. Vince Cable was accused of
FX round-up: Euro continues to edge towards year's highs
Thursday 03 Oct 2013
The currency market saw small moves, generally speaking, on Thursday, as US 10-year Treasury yields moved toward a seven-week low and as the US federal government shutdown entered its third consecutive day.
London close: Late rally not enough as FTSE 100 falls for fourth straight day
Wednesday 02 Oct 2013
A slight bounce in the UK-listed mining sector saw the FTSE 100 rally on Wednesday afternoon but the index still finished firmly in the red, setting a fresh one-month low as political uncertainty in the US and Italy continued to weigh on sentiment.
BoE's Fisher sees no evidence of housing bubble in UK
Wednesday 02 Oct 2013
Paul Fisher, the Bank of England’s Executive Director for Markets, indicated on Wednesday that he has as yet seen no evidence of any bubble behaviour in UK housing.
London midday: ECB, political uncertainty in focus as stocks fall
Wednesday 02 Oct 2013
The FTSE 100 suffered steep losses on Wednesday morning as buyers showed caution ahead of a policy decision in Europe, whilst political uncertainty in the US and Italy continues to erode risk appetite.
UK construction activity eased in September, PMI survey reveals
Wednesday 02 Oct 2013
UK construction sector growth eased in September from the previous month’s six-year high, data revealed on Wednesday.
Broker snap: Canaccord concerned as Domino's cuts new-stores target
Tuesday 01 Oct 2013
Shares in Domino's Pizza were making gains on Wednesday after the company impressed the market with a third-quarter update; however Canaccord Genuity said the results raise even more concerns and cut its target price from 500p to 480p.
ECB keeps rate unchanged, Draghi addresses recovery
Tuesday 01 Oct 2013
The European Central Bank (ECB) decided on Wednesday to keep its benchmark interest rate unchanged at 0.5 per cent as it is waiting for further signs of recovery in the Eurozone.
Hochschild agrees 280 million dollar gold and silver purchase
Tuesday 01 Oct 2013
Precious metals miner Hochschild Mining has agreed to acquire the remaining share of two gold and silver mines in Peru from its partner there, and has proposed an institutional placing to raise part of the necessary funds.
London open: Markets flat as investors digest US shutdown
Tuesday 01 Oct 2013
UK markets opened broadly flat on Tuesday after the failure by US politicians to agree on a budget prompted the first partial government shutdown in Washington in 17 years.
FLASH: US non-farm payrolls could be released as early as Tuesday, some say
Monday 30 Sep 2013
According to some market sources, which reference a report from Dow Jones Newswires, the US September non-farm payrolls report could be released as early
Broker snap: Jefferies keeps 'underperform' rating for Wolseley
Monday 30 Sep 2013
Jefferies has reiterated its 'underperform' rating for plumbers merchant Wolseley despite a strong performance in the US driving annual results ahead of expectations.
FTSE 100 movers: Miners weigh heavily after Chinese data disappoints
Monday 30 Sep 2013
Mining stocks declining sharply today on the back of the disappointing data from the world's top metals user, China. Fresnillo, Anglo American, Antofagasta, Glencore Xstrata and Rio Tinto were all falling sharply.
London open: US and Italian politics weigh on risk appetite
Monday 30 Sep 2013
Political uncertainty in the US and Italy along with disappointing economic figures from China weighed heavily on risk appetite on Monday morning with mining stocks bearing the brunt of the selling.
Broker snap: Nomura cuts Unilever forecasts after EM slowdown
Monday 30 Sep 2013
Nomura has retained its 'buy' rating for consumer products giant Unilever but has cut its estimates following a sharp slowdown in growth in the third quarter.
More property firm IPOs are expected in 2014
Monday 30 Sep 2013
The number of initial public offerings (IPOs) by European property firms will hit a post-financial crisis high this year, The Wall Street Journal (WSJ) wrote on Wednesday.
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