Editor's Picks
London open: Fed concerns, poor Chinese data spark sell-off
Thursday 23 May 2013
Worries about the Federal Reserve 'tapering' quantitative easing (QE) prematurely spooked markets on Thursday morning, along with a disappointing reading of manufacturing activity in China.
Flybe sells Gatwick slots to easyJet, slams airport for 'punitive' fees
Thursday 23 May 2013
easyJet has bought all of Flybe's take-off and landing slots at London Gatwick airport as part of the latter's turnaround plan to return to profitability.
Thursday newspaper round-up: Ocado, UK Mail, Hibu...
Thursday 23 May 2013
The Telegraph says that Waitrose head Mark Price is refusing to meet with Ocado chief Tim Steiner after the online grocery group agreed to help rival Morrison develop an online shopping website.
Pearson shakes up group structure in drive for growth
Thursday 23 May 2013
Pearson, the FTSE 100-listed publishing and education firm, on Thursday announced plans to shake up its organisational structure in an effort to tap into new growth opportunities.
London close: Bernanke's dovish tone sparks surge late on
Wednesday 22 May 2013
After a relatively subdued start on the FTSE 100, stocks surged in afternoon trade as comments from the Chairman of the Federal Reserve pushed the index to fresh 13-year highs.
Wood Group PSN awarded five-year contract in Gulf of Mexico
Wednesday 22 May 2013
Wood Group, the FTSE 100 energy services giant, has announced its PSN business has scored a contract to deliver operations and maintenance services to Hess Corporation's Baldpate production platform in the deepwater Gulf of Mexico, under a new five-year agreement.
IMF says UK is 'a long way' from recovery
Wednesday 22 May 2013
A report by the International Monetary Fund (IMF) into the UK economy has said the country is a long way from recovery and needs to rebalance.
Broker snap: ARM weighed down by broker comments after investor day
Wednesday 22 May 2013
Shares in chip designer ARM Holdings were under heavy selling pressure on Wednesday following the group's investor day this week, with a number of brokers choosing to remain cautious on the name given the stock's sky-high valuation after a strong rise so far this year.
London open: Stocks dip as focus turns to central banks
Wednesday 22 May 2013
Markets pulled back from new 13-year highs on Wednesday morning as traders turned cautious ahead of statements from central banks in the UK and US.
FX round-up: Dollar rises after mixed QE signals
Wednesday 22 May 2013
The dollar strengthened against major currencies on Wednesday on hints that the Federal Reserve may start to taper its bond-buying programme in the next few meetings.
Wednesday newspaper round-up: Japan, BP, RBS and Lloyds...
Wednesday 22 May 2013
The Bank of Japan has held off on new monetary easing, according to the Financial Times, "judging that the huge stimulus unveiled in April will be enough to spur price gains in the world’s third-largest economy". The central bank said that Japan has "started picked up".
London close: Stocks surge as earnings impress, inflation eases
Tuesday 21 May 2013
Well-received results from a number of FTSE 100 heavyweights and a sharp drop in consumer-price inflation in the UK lifted London’s benchmark index to fresh multiyear highs on Tuesday.
Broker snap: Panmure says Carnival is a 'serial disappointer'
Tuesday 21 May 2013
Shares in Carnival sunk on Tuesday morning after the cruise operator issued a profit warning, prompting Panmure Gordon to slash its forecasts and keep a 'sell' rating.
Broker tips: Kingfisher, St James's Place, Halfords
Tuesday 21 May 2013
The recent rally in Kingfisher's share price was paused on Thursday morning after Nomura downgraded its rating on the stock from 'neutral' to 'reduce', saying that shares in the B&Q owner have travelled too far given the tough times ahead.
Factory gate inflation much weaker than forecast in April
Tuesday 21 May 2013
Factory gate inflation trailed off to a 1.1 per cent year-on-year rate of increase in April, according to the Office for National Statistics (ONS), versus a rise of 1.9 per cent in the month before.
London open: Markets hold on to 12-year highs
Tuesday 21 May 2013
Markets were trading within a narrow range on Tuesday morning after finishing at 12-year highs the day before, as traders consider how much further the impressive year-to-date rally has to go.
Intermediate Capital sees record AuM but profits drop
Tuesday 21 May 2013
FTSE 250-listed asset manager Intermediate Capital, otherwise known as ICG, has unveiled record assets under management (AuM) for 2012/13 but profits dropped sharply as the company didn't exit as many investments during the year.
Rolls Royce wins order for Trent XWB engines from the US
Monday 20 May 2013
Rolls-Royce, the FTSE 100 engineering giant, has won an order from US leasing company CIT Aerospace for Trent XWB engines to power ten Airbus A350 XWB aircraft and Trent 700 engines to power 13 Airbus A330 aircraft.
US newspaper round-up: Actavis, JPMorgan, Yahoo...
Monday 20 May 2013
Actavis, the New York-listed generic drugmaker, is to buy Warner Chilcott in a stock-swap deal that values the latter at five billion dollars, writes The Wall Street Journal. The deal will be completed before the end of 2013 with the new company being led by the current Actavis team.
London midday: Footsie flat as miners dampen earlier gains
Monday 20 May 2013
The FTSE 100 had erased its early-morning gains by Monday lunchtime, as strong performances by easyJet and RBS were offset by heavy falls in the mining sector.
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