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  • Broker tips: Serco, Travis Perkins, Pearson

    Thursday 29 Aug 2013

    Investec admits that Serco reported a decent set of interim results on Thursday, but chose to stay on the cautious side and maintained its 'sell' recommendation ahead of a tough second half for the outsourcing company.

  • Elster acquisition gives Melrose a big boost in first half

    Thursday 29 Aug 2013

    Engineering investment firm Melrose Industries saw revenues top the one billion-pound mark in the first half as results were boosted by Elster - the gas, electricity and water measurement business it acquired last year.

  • Broker snap: Deutsche Bank cuts Pearson to 'sell'

    Thursday 29 Aug 2013

    Deutsche Bank has downgraded its rating for education and publishing company Pearson from 'hold' to 'sell', highlighting its exposure to an industry that's changing rapidly in the face of improving technology.

  • London open: Stocks rebound after recent falls, Vodafone jumps

    Thursday 29 Aug 2013

    Strong gains from Vodafone, WPP and Melrose gave markets in London a boost this morning, as stocks rebounded after some recent falls.

  • Vodafone confirms discussions with Verizon Comms

    Thursday 29 Aug 2013

    Telecoms giant Vodafone on Thursday confirmed it was in discussions with Verizon Communications about the possible disposal of Vodafone's US group, whose principal asset is its 45 per cent interest in Verizon Wireless.

  • Thursday newspaper round-up: Vodafone, Brazil, Serco...

    Thursday 29 Aug 2013

    The Telegraph writes that Verizon has resumed discussions about buying Vodafone's stake in their US joint venture for over 100bn dollars. The paper cites City analysts as saying that the deal could create an 'unrivalled war chest' for the UK telecoms group for making acquisitions, wiping off debt and delivering payouts to shareholders.

  • US close: Oil producers give markets a boost as crude jumps

    Thursday 29 Aug 2013

    Energy stocks gain as crude jumps; Tensions between Syria and West continue to escalate; Housing-market data disappoints.

  • Commodities: Crude strikes two-year high

    Thursday 29 Aug 2013

    Crude oil futures reached more than a two-year high on Wednesday as nerves about Syria kept the spotlight on potential supply disruptions in the Middle East.

  • Serco Group discovers 'misreporting of data' - UPDATE

    Thursday 29 Aug 2013

    Serco Group on Thursday confirmed that the UK Ministry of Justice (MoJ) has called police over the misreporting of data by 'a small number of employees' associated with Serco's Prisoner Escort and Custody Services (PECS) contract.

  • Robust first half at WPP

    Thursday 29 Aug 2013

    Advertising giant WPP revealed a 19 per cent increase in half year pre-tax profit as slowing growth rates among emerging markets were eclipsed by a strong performance among mature markets like North America and the UK.

  • London pre-open: Small rebound expected early on

    Thursday 29 Aug 2013

    UK markets are expected to open slightly higher on Thursday, following in the footsteps of a decent finish on Wall Street the night before following weakness earlier on in the week.

  • London close: Markets finish lower despite late rally

    Wednesday 28 Aug 2013

    Markets rallied in afternoon trade on Wednesday, helped by dovish remarks from Bank of England (BoE) Governor Mark Carney and a decent start on Wall Street, but stocks still finished in the red as escalating concerns about Syria continued to dampen sentiment.

  • FTSE 250 movers: African Barrick Gold and Alent top risers

    Wednesday 28 Aug 2013

    African Barrick Gold rallied after Nomura reiterated a ‘buy’ rating for the stocks and raised its target price from 155p to 250p, saying the miner’s move to cut costs was ahead of the industry.

  • Broker tips: G4S, Bunzl, African Barrick Gold

    Wednesday 28 Aug 2013

    Panmure Gordon has maintained its 'hold' rating and 240p target price for security solutions group G4S after a weaker-than-expected first half, but has praised management's efforts to turn the business around.

  • G4S to offload businesses, issue shares to reduce debt

    Wednesday 28 Aug 2013

    Security group G4S announced the disposal of Canadian Cash solutions and Colombia Data solutions, is in the process to sell two more in the US and said it is considering other disposals to reduce its debt pile.

  • US close: Dow hits two-month low as Syria fears hit markets

    Wednesday 28 Aug 2013

    Stocks drop, while bonds and commodities gain; White House assessing response to Syrian crisis; Banks among the worst performers.

  • 888 Holdings posts record first half revenue

    Wednesday 28 Aug 2013

    Online gaming company 888 Holdings achieved record revenue in the first half, driven by the strong performance of casino and poker products.

  • Polymetal hit by declining gold, silver prices

    Wednesday 28 Aug 2013

    Precious metals company Polymetal International booked a steep drop in half year earnings on the back of shrinking gold and silver prices.

  • UK retail sales rose at their fastest since late 2012 in August

    Wednesday 28 Aug 2013

    The Confederation of British Industry’s [CBI] distributive trade balance rose to +27 in August - the strongest since November 2012 (+33) and beating companies’ own expectations (+10).

  • Ophir and BG Group report progress in Tanzania

    Wednesday 28 Aug 2013

    Ophir Energy and BG Group on Wednesday announced the completion of the Pweza-2 appraisal well in Tanzania, and said the resulted 'firmed up' its resource estimate for the field of 1.7trn cubib feet of gross recoverable resource.

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