Editor's Picks
Europe close: Draghi adopts very dovish tone
Thursday 04 Jul 2013
ECB and BoE introduce forward guidance; Portuguese bond yields come off; Metals prices fall
Thursday newspaper round-up: Portugal, Dwell, Zynga
Thursday 04 Jul 2013
Portugal’s President Anibal Cavaco Silva called an emergency meeting with party leaders after two key ministers resigned, The Telegraph reported. Paulo Portas, who leads the smaller People's Party in the coalition government, quit on Tuesday over the appointment of new pro-austerity Finance Minister, Maria Luis Albuquerque, who replaced Vitor Gaspar.
London close: Political uncertainty hits stocks hard
Wednesday 03 Jul 2013
The UK market suffered steep falls on Wednesday as risk appetite was hit by disappointing economic data from China, political uncertainty in Portugal and fears of a military coup in Egypt.
FTSE 100 movers: China concerns weigh heavily on miners
Wednesday 03 Jul 2013
Mining stocks were once again bearing the brunt of a fall in risk appetite on Wednesday as concerns over demand for commodities were sparked by some disappointing economic data from China. Anglo American, Glencore Xstrata, BHP Billiton, Vedanta and Antofagasta were among the worst performers.
US close: Stocks rise on day before July 4th celebrations
Wednesday 03 Jul 2013
Egypt president's national security adviser says coup starts-FT; Egyptian President proposes early elections -Bbg TV; Weak ISM services report; Crude futures rise on geopolitical news-flow
London midday: Stocks hit by political uncertainty, economic data
Wednesday 03 Jul 2013
Political uncertainty in Europe, disappointing economic figures from China and nervousness ahead of some key 'risk events' later this week prompted a sell-off on the FTSE 100 on Wednesday morning.
Europe close: Stocks hit by uncertainty in Portugal and Egypt
Wednesday 03 Jul 2013
Fears over political turmoil in Portugal; China PMI data slumps; Martin Wolf warns of potential ‘hard landing’ risks in China -FT; Egypt army suspends constitution
Broker snap: Citi upgrades Randgold to 'neutral'
Wednesday 03 Jul 2013
Citigroup has raised its rating for gold miner Randgold Resources from 'sell' to 'neutral' and lifted its target price from 3,926p to 4,491p.
Bonds: Uncertainty in Portugal knocks bonds lower
Wednesday 03 Jul 2013
The following were the yield and basis point (bp) movements of some of the most-watched 10-year bonds this afternoon:
Record results for Galliford Try
Wednesday 03 Jul 2013
Housebuilding and construction firm Galliford Try has delivered record profits in the year to June 30th, according to a pre-close trading update on Thursday.
Royal Dutch Shell unveils success in Gulf of Mexico
Wednesday 03 Jul 2013
Royal Dutch Shell on Wednesday revealed significant drilling results at an exploratory well at the Vicksburg discovery in the Gulf of Mexico.
Spirent shares fall after revenues disappoint - UPDATE
Tuesday 02 Jul 2013
Spirent Communications shares fell more than 9 per cent after the technology testing company revealed weaker-than-expected revenues for the second quarter.
San Leon surges on successful well fracture
Tuesday 02 Jul 2013
Shares in San Leon Energy surged after the oil and gas company said it had successfully completed the hydraulic fracture of a well in the Baltic Basin.
Sector movers: PZ Cussons, Burberry lift personal goods sector higher
Tuesday 02 Jul 2013
Decent gains from consumer-products manufacturer PZ Cussons (PZC) and British luxury brand Burberry were lifting the personal goods sector higher on Tuesday afternoon.
FTSE 250 movers: Inmarsat hit by concerns over delays to GX launch
Tuesday 02 Jul 2013
Satellite group Inmarsat was a heavy faller today after negative readacross from a failed rocket launch by one of its partners. ILS, the launch partner for Inmarsat's Global Xpress (GX) airline broadband project, was involved in an explosion of a Proton rocket, the third failure over the last year relating to these launch vehicles. Analysts at Jefferies said that this will likely delay the launch
FTSE 100 movers: Serco, Burberry, Antofagasta
Tuesday 02 Jul 2013
Serco Group climbed the FTSE ladder following reports the British outsourcing company won a 1.25bn dollar contract with the US Department of Health. Under the 12-month agreement, Serco will handle applications for health plans, medicaid and other insurance programmes.
Market overview: ARM climbs up the leaderboard
Tuesday 02 Jul 2013
1508: Shares of ARM Holdings are now climbing up the leader-board after analysts at UBS issued an upbeat research note on the chip designer this morning. In their opinion nothing has fundamentally changed in the company’s investment case. By their estimates, for example, the stock price already reflects several sources of concern amongst investors, such as Intel gaining market share in the mobile
Broker snap: Persimmon's valuation 'full' despite robust Q1, says Jefferies
Tuesday 02 Jul 2013
Jefferies has kept its 'hold' rating and 1,162p target price for UK house builder Persimmon despite an upbeat second-quarter trading update, saying that the stock's valuation looks 'full'.
Commodities: Egypt tensions fuel crude oil rise
Tuesday 02 Jul 2013
Crude oil futures rose to the highest level in almost ten months on Tuesday, driven by fears that tensions in Egypt could spill over into neighbouring oil rich countries.
FX round-up: Dollar firms ahead of ECB, jobs data
Tuesday 02 Jul 2013
The dollar strengthened against major currencies on Tuesday ahead of key US jobs data out on Friday and European Central Bank policy decision on Thursday.
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