Editor's Picks
UK housing demand rises to multi-year highs, RICS says
Monday 13 May 2013
The government´s new 'Help-to-Buy' programme is already stoking demand for housing in the UK, according to the Royal Institution of Chartered Surveyors (RICS).
FTSE 100 movers: G4S in top spot after G8 contract win
Monday 13 May 2013
G4S leapt into the top spot after winning a deal to provide security at the two day Northern Ireland G8 Summit in June. It will provide 450 staff members to give support to the police.
FTSE 250 movers: Petropavlovsk rises on plans for cash savings
Monday 13 May 2013
Petropavlovsk plans to make cash savings and cost cuts in response to volatility in gold prices. The Russia-focused miner said it has approved adjustments to its business plan this year, including estimated cash savings of 160m dollars to strengthen its financial position against falling commodity prices.
Broker snap: Lonmin still a 'sell' despite strong Q2, says Westhouse
Monday 13 May 2013
In spite of a 'very strong' second-quarter performance from platinum miner Lonmin, Westhouse Securities has retained its 'sell' rating and 235p target price for the stock given uncertainty surrounding potential labour disruptions.
Ashtead Group buys specialist rental firm
Monday 13 May 2013
Ashtead Group has acquired Accession, a UK specialist rental provider of temporary access solutions and traffic management to the events and industrial sectors.
Ruspetro CEO keeps the faith
Monday 13 May 2013
A round-up of the biggest director deals today so far.
Commodities: Strong dollar, weak demand outlook hits crude
Monday 13 May 2013
Crude oil futures fell on Friday, but off intra-day lows, as the stronger dollar and new indications of a weak demand outlook hurt demand.
FX round-up: Dollar soars against yen
Monday 13 May 2013
The dollar rose to its highest level against the Japanese yen in over four years on Friday as investors cheered upbeat US jobless claims data.
London close: Stocks end week on a high
Monday 13 May 2013
Market Movers
Monday newspaper round-up: Lloyds, ENRC, Ocado...
Monday 13 May 2013
Sir Win Bischoff, the Chairman of Lloyds since September 2009, is expected to announce his resignation ahead of Thursday's shareholder meeting as the bank readies for privatisation, reports The Guardian.
Broker tips: Ocado, ASOS, BT Group
Tuesday 07 May 2013
Following today´s AGM statement from on-line grocer Ocado analysts at Panmure Gordon believe there is an increased chance that it will reach a deal with peer Morrison.
Shop price inflation hits lowest level in three and a half years
Tuesday 07 May 2013
Shop price inflation fell to its lowest level in three and a half years in April, the British Retail Consortium (BRC) has reported.
Sunday newspaper round-up: Osborne, Ocado, M&S
Tuesday 07 May 2013
Energy giant Centrica is eyeing US gas assets jointly with Qatar as it gears up expansion across the Atlantic. The British Gas owner, which is likely to face questions on its growth plans at its Annual General Meeting in London on Monday, wants to build on last month’s 650m pound joint deal for Canadian oil and gas assets. It hopes to take advantage of the glut in US gas caused by the shale boom
US newspaper round-up: Dell, NBC, Bernanke...
Tuesday 07 May 2013
Dell's largest independent shareholder Southeastern Asset Management has joined forces with investor Carl Icahn in another challenge to founder Michael Dell's 24.4bn dollar bid to take the struggling computer maker private, USA Today reported. Southeastern Asset Management and Icahn said in a May 9th letter to the Dell board that they want to let shareholders keep their stock and give them either
Sunday share tips: Invensys, BT Group, Centamin
Friday 03 May 2013
Engineering outfit Invensys seems to have finally gotten its hands around its problematic pensions deficit, such that it is no longer a deterrent to would-be investors. In fact, should the company maintain its guidance for its pensions deficit steady – when it unveils its annual results – that may well clear the last remaining obstacle to a bid. In fact, once a premium is factored in then the bid
Tuesday newspaper roundup: Greece, UK infrastructure, China
Friday 03 May 2013
Greece is making progress in repairing its economy but it needs to do more to stop tax evaders, the International Monetary Fund said yesterday. Delivering its much-anticipated health check on the Greek economy, the IMF praised “far-reaching labour market reforms”, which have boosted competitiveness, and the shoring up of the banking system, despite ballooning bad debts on banks’ balance sheets,
London midday: Miners buoy Footsie ahead of US jobs data
Friday 03 May 2013
Strength in the mining sector kept the FTSE 100 in positive territory on Friday morning, though the index was rangebound ahead of the all-important US jobs report due out this afternoon.
Premier Oil reports successful drill test on Luno II
Friday 03 May 2013
Premier Oil has reported the he successful well test of the Luno II discovery, in which it has a 30 per cent interest.
London open: Markets up ahead of US jobs report, but RBS falls
Friday 03 May 2013
London's FTSE 100 index opened broadly flat on Friday morning as a sharp fall from Royal Bank of Scotland (RBS) offset a strong performance in the mining sector.
Electra Private Equity receives offer for largest investment
Friday 03 May 2013
Electra Private Equity has announced that it has received a binding offer from funds advised by BC Partners for Allflex Holdings, its largest investment.
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