Editor's Picks
Friday preview: Germany in the spotlight with economic reports
Thursday 27 Jun 2013
Germany releases reports on retail sales and balance of payments on Friday, a day after data showed a dip in unemployment.
FX round-up: Risk appetite increases slightly
Thursday 27 Jun 2013
Thursday saw a rather ‘risk-on’ session in FX markets, as investors continued to listen to the cascade of reassuring words from various Fed speakers, although Treasury yields are still not far off their most recent highs.
Commodities: Global food system vulnerable in coming years
Thursday 27 Jun 2013
The commodity space saw quite a mixed session on Thursday, with the different segments of the market diverging significantly.
Sector movers: DS Smith and Smiths Group boost industrials higher
Thursday 27 Jun 2013
Industrial stocks were performing well on Thursday with well-received results from DS Smith and a broker upgrade for Smiths Group boosting the sector higher.
British Airways cuts costs with more fuel efficient 787s
Thursday 27 Jun 2013
British Airways has ordered 24 fuel efficient Boeing 787 Dreamliner aircraft in an effort to cut costs.
FTSE 250 movers: Perform slumps after profit warning
Thursday 27 Jun 2013
Digital sports media firm Perform dropped sharply on Thursday after a pre-close trading update said that despite still expecting strong revenue growth this year, a change in revenue mix, together with additional rights and other investment, will impact the rate of earnings growth.
UK GDP revisions unmask weak foundations of consumer recovery
Thursday 27 Jun 2013
Britain’s economy did not suffer a double-dip recession at the end of 2011 and beginning of 2012 as previously thought, revised figures from the Office for National Statistics (ONS) have revealed. But the economic downturn of 2008/09 was far deeper than previously thought.
FTSE 100 movers: Smiths Group tops the leaderboard
Thursday 27 Jun 2013
Engineering companies Smiths Group and Weir Group were the top gainers on Thursday.UBS upgraded Smith Group’s stock to ‘buy’ from ‘neutral’, helping to push shares higher.
Broker tips: StanChart, ENRC, Antofagasta
Thursday 27 Jun 2013
Nomura has maintained its positive stance on Asia-focused bank Standard Chartered after its second-quarter results on Wednesday, saying that the stock is looking attractive relative to Asian peers.
London midday: Stocks gain for third day as rebound continues
Thursday 27 Jun 2013
UK markets were able to hang on to gains on Thursday morning on a busy day for economic data, as stocks continue to rebound after some heavy losses over the last month.
Glencore Xstrata axes 450 jobs as weak coal prices take its toll
Thursday 27 Jun 2013
Glencore Xstrata is axing 450 jobs as part of plans to cut back coal production at its Newlands and Oaky Creek mines in Australia.
Broker snap: StanChart is attractively valued, says Nomura
Thursday 27 Jun 2013
Nomura has maintained its positive stance on Asia-focused bank Standard Chartered after its second-quarter results on Wednesday, saying that the stock is looking attractive relative to Asian peers.
UK GDP revisions unmask weak foundations of consumer recovery
Thursday 27 Jun 2013
Britain’s economy did not suffer a double-dip recession at the end of 2011 and beginning of 2012 as previously thought, revised figures from the Office for National Statistics (ONS) have revealed. But the economic downturn of 2008/09 was far deeper than previously thought.
Greene King's annual profits rise on back of retail growth
Thursday 27 Jun 2013
Pub operator Greene King reported a 6.6 per cent year-on-year rise in pre-tax annual profit to 162m pounds, driven by a hike in sales in its retail division.
Carillion scores luxury-hotel contract in Abu Dhabi
Thursday 27 Jun 2013
Construction group Carillion has been awarded a 'prestigious' contract to design and build a luxury hotel in Abu Dhabi through its joint-venture business in the United Arab Emirates, Al Futtaim Carillion.
US Close: Stocks higher as GDP expands
Thursday 27 Jun 2013
-Gross Domestic Product expands but lower than forecasted – Commerce Department -weekly mortgage applications hit multi-year low- MBA
Thursday newspaper round-up: Northern Rock, HMV, Repsol
Thursday 27 Jun 2013
Northern Rock bank has swung back into profit, six years after its failure and nationalisation, The Times reported. The bank, which came to symbolise the start of the banking crisis and was bought by Virgin Money last year, is on target to achieve a full-year profit this year.
John Wood Group confident for full year
Thursday 27 Jun 2013
Energy services group John Wood Group said it is on course to deliver good growth in the first half and remains confident of achieving full year performance in line with expectations.
London close: Footsie´s bounce extended for a second day
Wednesday 26 Jun 2013
Stocks closed higher for a second day as China moved to provide liquidity assistance to its battered interbank lending maket and a member of the US Federal Reserve - Narayana Kocherlakota - described markets´ reaction to the central bank´s last policy stamtement as overdone.
Afren jumps on Ogo-1 potential after oil discovery offshore Nigeria
Wednesday 26 Jun 2013
Africa-focused oil and gas group Afren saw shares surge on Wednesday after the firm encountered a better-than-expected oil section at an exploration well offshore Nigeria.
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