Editor's Picks
Tullow Oil makes new oil discovery in Kenya
Thursday 26 Sep 2013
Tullow Oil has made a new oil discovery in in Block 13T of Northern Kenya, the company announced on Thursday.
Thursday tips round-up: Punch Taverns, DMGT, Energy utilities
Thursday 26 Sep 2013
Equity investors in Punch Taverns now have their backs against the wall. The company´s current quandary is such that it must either restructure its debt or face the risk of default. “These circumstances represent a material uncertainty that casts significant doubt on the ability of a significant part or substantially all of the group to continue as a going concern,” Punch directors said
London open: Markets tentative ahead of economic data
Thursday 26 Sep 2013
Markets opened tentatively on Thursday morning as investors awaited economic growth figures from both sides of the Atlantic due out later on.
Ladbrokes warns on digital profits but divi safe
Thursday 26 Sep 2013
Ladbrokes has warned that 2013 profits for its digital operations would come in a long way below current market forecasts.
TUI Travel raises full-year profit guidance as profits fly
Wednesday 25 Sep 2013
A strong high season this summer and heartening early bookings for winter holidays has led tour operator TUI Travel to hike its profit guidance for the full year.
Thursday tips round-up: Punch Taverns, DMGT, Energy utilities
Wednesday 25 Sep 2013
Equity investors in Punch Taverns now have their backs against the wall. The company´s current quandary is such that it must either restructure its debt or face the risk of default. “These circumstances represent a material uncertainty that casts significant doubt on the ability of a significant part or substantially all of the group to continue as a going concern,” Punch directors said
Workspace to rebuild Docklands business park - UPDATE
Wednesday 25 Sep 2013
Workspace Group, the FTSE 250 business premises provider, has secured planning permission to redevelop its Canary Wharf business park.
London midday: Stocks lower on Fed uncertainty
Wednesday 25 Sep 2013
Markets were choppy on Wednesday but trading firmly in the red by midday as investors awaited economic data from the US amid the ongoing uncertainty surrounding Federal Reserve monetary policy.
Broker tips: Carnival, BAE Systems, Tesco
Wednesday 25 Sep 2013
Morgan Stanley has downgraded its rating for cruise operator Carnival from 'equalweight' to 'underweight', saying that the stock's valuation looks 'very demanding' following its gloomy third-quarter results and guidance.
Mitchells & Butlers sees LFL growth slow in fourth quarter
Wednesday 25 Sep 2013
Pub and restaurant group Mitchells & Butlers said it expects full-year results to be in line with expectations with sales growth coming in at 2.1 per cent over the year to the end of September.
FT´s John Plender slams Help to Buy scheme
Wednesday 25 Sep 2013
The chancellor is doing the UK a disservice by denying the existence of a housing bubble and refusing to contemplate applying administrative controls to cool the rise in housing prices in the UK.
Thursday newspaper round-up: Property developers, ICAP, Centrica
Wednesday 25 Sep 2013
Three former interdealer brokers including one dubbed “Lord Libor” were charged with wire fraud and conspiracy on Wednesday as their former employer ICAP was revealed by US and UK authorities as a linchpin in the global rate-rigging scandal. The London-based interdealer broker paid 55m pounds to settle civil investigations by the US and UK regulators as it accepted findings that the three
Wednesday newspaper tips: Falkland Oil&Gas, Blur, Carnival
Wednesday 25 Sep 2013
Penguin watching seems to be the new past time of investors in Falkland Oil and Gas, as for now there will be little drilling activity for over a year. That follows the lack of any discoveries of commercially viable reserves of the black stuff. Yet that is not the only reason.
Iofina gains on strongest first half in group history
Wednesday 25 Sep 2013
Iofina’s shares surged after reporting the “strongest first half in group history” on Wednesday as the explorer and producer of iodine achieved record revenues.
Broker snap: Carnival's valuation expensive, Morgan Stanley downgrades
Tuesday 24 Sep 2013
Morgan Stanley has downgraded its rating for cruise operator Carnival from 'equalweight' to 'underweight', saying that the stock's valuation looks 'very demanding' following its gloomy third-quarter results and guidance.
London pre-open: FTSE to slip lower on US debt ceiling fears
Tuesday 24 Sep 2013
City sources predict the FTSE 100 will open down around eight points from Tuesday's close of 6,571, tracking declines seen in the US overnight, as concerns over the US debt ceiling and uncertainty regarding monetary policy continued to weigh on sentiment.
UK Mail eyes stronger than expected first half
Tuesday 24 Sep 2013
Parcel delivery and logistics services group UK Mail said its first half performance is expected to be better than previously thought after a bumper start to its second quarter.
Commodities: Oil falls for fourth straight day
Tuesday 24 Sep 2013
Crude oil futures fell for the fourth straight session on Tuesday to an eight-week low on concern about weaker demand from the US, the world's biggest oil consumer.
Wednesday newspaper tips: Falkland Oil&Gas, Blur, Carnival
Tuesday 24 Sep 2013
Penguin watching seems to be the new past time of investors in Falkland Oil and Gas, as for now there will be little drilling activity for over a year. That follows the lack of any discoveries of commercially viable reserves of the black stuff. Yet that is not the only reason.
Falkland Oil and Gas reports 'excellent progress' of drilling campagin
Monday 23 Sep 2013
Falkland Oil and Gas widened its first half loss before tax to 0.9m dollars from last year’s 0.2m dollars as the group injected more cash into exploration and evaluation of projects.
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