Editor's Picks
Tuesday newspaper roundup: MPC, Fed, Household spending
Monday 23 Sep 2013
A Bank of England policymaker has admitted the widely-held belief that interest rates have been set in response to changes in growth rather than the official inflation mandate. Ben Broadbent, an external member of the Monetary Policy Committee (MPC), made the revelation as part of an attempt to explain the Bank’s new 7 per cent unemployment target, which he claimed was now more relevant than
FTSE 250 movers: Dechra Pharmaceuticals lifted by broker upgrade
Monday 23 Sep 2013
Veterinary pharmaceuticals group Dechra Pharmaceuticals got a boost after it booked more than a 50 per cent increase in full year revenue, which was slightly ahead of expectations at Investec. The broker upgraded the stock from 'add' to 'buy' and raised its target price from 708p to 788p, saying "re-working our valuation methodology for the increased detail [following last week's results] we now
London midday: Stocks lower on German elections, US debt ceiling
Monday 23 Sep 2013
Elections in Germany, an uncertain outlook for Federal Reserve monetary policy and a debate over the US debt ceiling weighed on markets on Monday morning, as traders shrugged off upbeat data from China and the Eurozone.
Commodities: Crude down again despite China data
Monday 23 Sep 2013
Crude oil futures logged their third day of declines on Monday, amid easing tensions over Syria, and as investors largely overlooked better than expected Chinese manufacturing data.
Close Bros Asset Management returns to profit
Monday 23 Sep 2013
Finance house Close Bros reported a strong set of full year results as Asset Management returned to profit while Banking and Securities improved and underlined its confidence in future trading with an increased dividend.
FTSE 100 movers: Croda jumps on upgrade from Credit Suisse
Monday 23 Sep 2013
Chemicals firm Croda was in the top spot after Credit Suisse upgraded its recommendation from 'neutral' to 'outperform' and hiked its target price from 2,600p to 3,000p.
S&P may cut rating on Portuguese banks
Monday 23 Sep 2013
After placing Portugal's rating on credit watch negative on September 18th, Standard and Poor's (S&P) has done the same for the country's banks as both may suffer from the rising risks facing the bailed out economy.
Centrica pulls out of Baird and Caythorpe gas storage projects
Friday 20 Sep 2013
Centrica has pulled out of its Baird and Caythorpe gas storage projects amid a challenging market.
US close: Stocks sink as Fed uncertainty grips markets
Friday 20 Sep 2013
Bullard comments hit stocks, post-Fed rally fades; Barclays lifts year-end S&P target; BlackBerry plummets on job losses, Q2 warning.
Commodities: Oil prices fall ahead of contract expiry
Friday 20 Sep 2013
Crude oil futures fell below 105 dollars a barrel on Friday, ahead of the expiry of the October contract, and as investors booked profits from an advance earlier in the week.
US pre-open: Traders turn to Fed speeches in New York
Friday 20 Sep 2013
With the excitement surrounding the Federal Reserve’s decision to maintain its monetary policy over, US stock futures fell slightly on Friday as investors waited for speeches from two policymakers.
London midday: Stocks pause ahead of German elections
Friday 20 Sep 2013
Stocks were trading broadly flat by Friday lunchtime as markets paused for breath in the aftermath of the Federal Reserve's surprise decision not to taper quantitative easing, though upside was limited ahead of the German elections this weekend.
Broker snap: Citi upgrades Sainsbury, expects 'big' Q2 improvement
Friday 20 Sep 2013
Citigroup has upgraded its rating for supermarket chain Sainsbury from 'sell' to 'neutral', saying it expects a 'big improvement' in sales trends in the second quarter.
FX round-up: Dollar books weekly loss
Friday 20 Sep 2013
The dollar made slight headway against major currencies on Friday but still posted a weekly loss after the Federal Reserve decided not to reduce its bond buying programme.
Europe open: Stocks fall as German election looms
Friday 20 Sep 2013
German election looms; Fed's George to speak in New York; New EU regulation comes under fire
London open: Markets pull back as post-Fed rally fades
Friday 20 Sep 2013
Markets pulled back on Friday morning after a sharp rise the day before in the aftermath of the Federal Reserve's surprise decision not to taper quantitative easing.
US open: Bullard holds out the possibility of tapering in October
Friday 20 Sep 2013
Fed (Bullard): Dismayed some say surprised by central bank, “Quadruple witching” in NYSE today, BMO: S and P 500 likely to
Polymetal JV wins copper licence in Russia
Thursday 19 Sep 2013
Polymetal has announced that a part-owned subsidiary has won the contest for a copper exploration and mining licence in the Chelyabinsk region of Russia.
Friday preview: Fed speakers take on New York
Thursday 19 Sep 2013
Kansas City Fed President Esther George, one of the few policymakers to back a tapering of the Federal Reserve’s stimulus, will speak in New York on Friday.
London close: Strong finish for UK markets after Fed decision
Thursday 19 Sep 2013
After a strong day's trading at around 90 points above the opening bell, the FTSE eased somewhat lower in late trading to close at 6,625.39, 66.57 points (1.01 per cent) above yesterday's finish.
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