Editor's Picks
ASOS quarterly sales soar
Wednesday 12 Jun 2013
Online fashion retailer ASOS revealed an impressive 45 per cent increase in total retail sales in year on year quarterly sales and expects full year results to be in line company expectations.
Sainsbury outperforms rival supermarkets in first quarter
Wednesday 12 Jun 2013
As expected, supermarket giant Sainsbury has delivered its 34th straight quarter of like-for-like (LFL) sales growth, as its continued growth in market share helped it to outperform its competitors in the first three months of the year.
Wednesday newspaper round-up: Lloyds, Afren, BoE...
Wednesday 12 Jun 2013
After The Times' undercover investigation found that Lloyds was mis-handling complaints about PPI mis-selling, the Financial Conduct Authority has asked the paper to hand over information for a report that is to be published this summer.
London close: FTSE 100 down one per cent as volatility continues
Tuesday 11 Jun 2013
Rising government bond yields, falling commodity prices and an underwhelming statement from the Bank of Japan (BoJ) saw some heavy falls on equity markets on Tuesday.
Wednesday preview: Sainsbury expected to outperform Tesco in first quarter
Tuesday 11 Jun 2013
All eyes will be on Sainsbury on Wednesday as the supermarket giant updates the market on first-quarter trading.
FX round-up: Yen jumps as BoJ holds off from new stimulus
Tuesday 11 Jun 2013
The Japanese yen rose sharply against the dollar and the euro on Tuesday as the Bank of Japan refrained from expanding its stimulus measures.
London midday: Financials, miners pull FTSE 100 to seven-week low
Tuesday 11 Jun 2013
Falling commodity prices and rising government bond yields resulted in a sell-off on Tuesday morning, as the recent volatility on equity markets continued, sending the FTSE 100 to a seven-week low.
FTSE 250 movers: Ocado up as rumours escalate; Dialight drops
Tuesday 11 Jun 2013
Online grocer Ocado was extending its recent gains on Tuesday, continuing to set new all-time highs, as speculation over potential contracts and M&A activity continue to do the rounds. The stock has rocketed since the start of the year after the company signed a deal with Morrison to help the supermarket giant develop an online shopping channel.
Broker tips: AG Barr/Britvic, FirstGroup, Keller
Tuesday 11 Jun 2013
Canaccord Genuity has upgraded its rating for AG Barr to 'buy' but downgraded its view on Britvic to 'sell' following the Competition Commission's (CC) provisional approval of the soft-drink companies' merger on Tuesday.
AMEC awarded environmental consultancy contract by BP
Tuesday 11 Jun 2013
Engineering and project management group AMEC is to work with BP to provide the oil giant with environmental consulting services across its projects worldwide.
Commodities: Oil slips as OPEC trims outlook
Tuesday 11 Jun 2013
Crude oil futures nudged lower on Tuesday as the Organisation of the Petroleum Exporting Countries lowered demand and economic growth forecasts.
Wood Group secures 200 UK jobs through Ithaca contract extension
Tuesday 11 Jun 2013
Energy services firm Wood Group has signed its first 'life-of-field' contract through an extension of work in the North Sea for AIM-listed Ithaca Energy worth 200m dollars (140m pounds).
London close: Stocks finish lower after choppy session
Monday 10 Jun 2013
Monday saw another choppy session on financial markets in the midst of mixed economic data from Asia, though stocks finished firmly off their lows after S&P raised its outlook for the US.
Sector movers: Mining sector at three-year lows after Chinese data
Monday 10 Jun 2013
Mining stocks were out of favour on Monday afternoon on the back of concerns about a slowing Chinese economy, with the sector falling to its worst levels in three years.
FTSE 100 movers: Severn Trent sinks as takeover is put on the line
Monday 10 Jun 2013
Water group Severn Trent was a heavy faller on the FTSE 100 on Monday after rejecting the latest takeover proposal from international consortium LongRiver Partners at 2,200p per share. A spokesman from the consortium responded by saying that it would not make a further proposal for Severn Trent if the board does not engage in talks.
Broker tips: Lloyds, AstraZeneca, Betfair
Monday 10 Jun 2013
Investec has retained its 'sell' rating and 50p target price for part-nationalised lender Lloyds as speculation continues to increase ahead of a potential reprivatisation.
London midday: Losses pared as traders digest Asian data
Monday 10 Jun 2013
Sharp falls across the mining sector pushed the FTSE 100 into negative territory on Monday morning as economic figures from China disappointed, though markets rebounded slightly as growth in Japan was revised higher.
Broker snap: Investec rates Lloyds as 'sell' as reprivatisation speculation ramps up
Monday 10 Jun 2013
Investec has retained its 'sell' rating and 50p target price for part-nationalised lender Lloyds as speculation continues to increase ahead of a potential reprivatisation.
Policy Exchange proposes plan to re-privatise Lloyds and RBS
Monday 10 Jun 2013
Think-tank Policy exchange on Monday unveiled a proposal by which the Treasury could eliminate its stakes in Royal Bank of Scotland (RBS) and Lloyds by the time of the next elections in what would amount, it claims, to the largest privatisation ever in the United Kingdom.
Takeover deal at risk after Severn Trent rebuffs latest offer
Monday 10 Jun 2013
Severn Trent has rejected the latest takeover proposal from international consortium LongRiver Partners at 2,200p per share, a move which is expected to put a potential takeover of the water group at risk.
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