Editor's Picks
Broker snap: Nomura downgrades Next after strong run
Monday 20 May 2013
Nomura has downgraded its rating for High Street giant Next from 'buy' to 'neutral' after the recent strong performance in the share price.
London open: Markets open higher as surge continues
Monday 20 May 2013
London's benchmark index was trading at levels not seen in over a decade on Monday morning, boosted by record closing prices in the States on Friday on the back of an improved outlook for the global economy.
MITIE boosted by move into healthcare
Friday 17 May 2013
MITIE Group, the FTSE 250 facilities, property and energy management firm, met headline profit forecasts with its full-year report on Monday, though statutory results were hit by an increase in one-off items as the company underwent a restructuring and made it first move into the healthcare market.
Carnival issues brutal profit warning on full-year EPS
Friday 17 May 2013
Cruise ship operator Carnival, the world’s largest, issued a brutal profit warning overnight for its full-year earnings per share, primarily as a result of lower net revenue yield expectations due to its current cruise ticket pricing.
London midday: Markets rally as banks rise
Friday 17 May 2013
After a subdued start, the FTSE 100 pushed into positive territory ahead of the opening bell in New York with financials leading the rise after a broker upgrade.
Tuesday preview: M&S and Vodafone report
Friday 17 May 2013
Marks & Spencer (M&S) and Vodafone are expected to make waves Tuesday when they release their full-year results.
FX round-up: Dollar firms as spotlight turns to US economy
Friday 17 May 2013
The dollar rose against major rivals on Wednesday as markets look ahead to the Federal Reserve Chairman Ben Bernanke’s view on US economic progress and implications for the central bank's quantitative easing programme.
Tuesday tips round-up: ENRC,Ocado Group, MITIE
Friday 17 May 2013
While it may be true that ENRC may be worth more as a privately held company than as a listed concern minority owners deserve more than the 260p per share offered by the group’s founding oligarchs and the Kazakh government, which amounts to daylight robbery, the FT’s Lex column muses. For one, said bid price values the company at barely 2.5 times its 2013 earnings before interest, tax,
Lamprell to wrap up talks with lenders
Friday 17 May 2013
Lamprell, which provides engineering and contracting services to oil and gas industries, is on track to complete discussions with lenders to restructure its debt facilities.
Broker snap: UBS upgrades banks to 'overweight' as conditions improve
Friday 17 May 2013
UBS has lifted its rating for the global banking sector from 'underweight' to 'overweight', saying that the operating environment is beginning to improve.
London open: Stocks pull back after strong gains
Friday 17 May 2013
The FTSE 100 registered moderate falls in early trading on Friday in aftermath of a series of disappointing economic figures, as markets pulled back after a strong showing over the last two weeks.
Friday newspaper round-up: EU exit, Asda, Dell...
Friday 17 May 2013
The head of the Confederation of British Industry has warned about the risks of Britain quitting the EU, saying that the Conservative party's desire for a referendum on the issue has been a "distraction from securing growth and jobs, which have to be the UK's top priority", reports The Guardian.
Friday newspaper round-up: EU exit, Asda, Dell...
Friday 17 May 2013
The head of the Confederation of British Industry has warned about the risks of Britain quitting the EU, saying that the Conservative party's desire for a referendum on the issue has been a "distraction from securing growth and jobs, which have to be the UK's top priority", reports The Guardian.
US close: Slight losses on Wall Street
Thursday 16 May 2013
- Some websites reported important messages coming from Fed on Friday Hilsenrath (WSJ): Fed not worried about low inflation, Fed (Williams): May be able to trim bond buying by summer, BIS (Caruana): Central banks should normalise rates sooner rather than later, Fed (Rosengren): Highly accommodative policy currently appropriate, Fed (Fisher): Not yet time to stop Treasury purchases, but soon
Sector movers: Retailers gain as Dixons hits four-year high
Thursday 16 May 2013
The strong performance from the retail sector continued on Thursday after forecast-beating results from bellwether Dixons brightened the outlook for Britain’s High Streets.
Friday tips round-up: Bovis Homes, Glencore Xstrata, AZ Electronic Materials
Thursday 16 May 2013
Stock of Bovis Homes, along with its peers, saw an extraordinary surge in its share price yesterday, up 12p to 765p, almost twice where it was last June. The stock is approaching a 30% premium to their estimated net asset value; this seems to be building in an awful lot of the future growth expected by analysts. "Not a bad time to take some profits," writes The Times’s Tempus.
RBS cuts further 1,400 jobs from retail bank
Thursday 16 May 2013
Royal Bank of Scotland (RBS) is axing a further 1,400 jobs from its retail banking head office to slash costs.
Commodities: Small moves as US dollar at 10 month high
Thursday 16 May 2013
Commodity prices were little changed on Thursday as several macroeconomic indicators disappointed Stateside and as the US dollar rose to ten month highs.
Aviva working hard at a turnaround
Thursday 16 May 2013
Aviva, the insurance group which surprised the market in March with an unexpected cut in its dividend, said on Thursday that it is delivering on its turnaround strategy.
Thursday newspaper round-up: Japanese GDP, RBS, RSA...
Thursday 16 May 2013
Financial Times reports that the pace of Japanese economic growth in the first quarter was its fastest among the Group of Seven countries at 3.5 per cent. "Solid growth in consumer spending and exports suggest[s] the expansionary policies of Shinzo Abe, Prime Minister, are delivering quick and tangible results," the paper says.
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