Editor's Picks
German business confidence sours, according to Ifo data
Friday 22 Mar 2013
After four straight months of gains and a sharp rise last month, the Ifo Business Climate Index for German industry and trade, based on a survey of approximately 7,000 companies, edged downwards in March.
Wood Group awarded Caltex contract extension in Australia
Friday 22 Mar 2013
Energy services giant Wood Group has been awarded an extension on a maintenance contract from Caltex Australia worth 45m dollars.
Euromoney expects half year decline in revenue but rise in profit
Friday 22 Mar 2013
Euromoney Institutional Investor has reported that trading since the end of January has continued to be in line with its expectations, but warned that due to the on-going difficulties in the Eurozone total revenues for the half year ended March 31st are expected to show a headline decrease of around one per cent compared to the same period in 2012.
US open: Stocks slide on Eurogroup head remarks
Friday 22 Mar 2013
Eurogroup head sees Cyprus deal as template for future actions; IMF may cut US GDP forecast for 2013; Euro slides despite Cyprus deal; S and P 500 reaches intra-day high of 1,565; Euro/dollar at 200 day moving average (simple)
British Land agrees to relocate headquarters for The Kennel Club
Friday 22 Mar 2013
Property group British Land has exchanged agreements with The Kennel Club confirming terms to relocate and develop a new headquarters for the Club in Clarges Street, facilitating the company's plans to redevelop the entire site to create a landmark mixed use scheme.
Friday newspaper round-up: Cyprus, UK gas reserves, Co-Op...
Friday 22 Mar 2013
The Telegraph reports that Cyprus is looking to inflict losses of up to 40 per cent on large depositors only, saving all smaller deposits of up to 100,000 euros, in an effect to prevent an economic collapse next week. The move includes the restructuring or freezing of all assets held in two of its banks - the Popular Bank, known as Laiki, and the Bank of Cyprus.
SSE unveils review of thermal generation operations
Wednesday 20 Mar 2013
FTSE 100-listed electricity and gas company SSE has reported changes to existing thermal generation capacity expected during the 2013/2014 financial year.
London close: Stocks fall on Eurozone fears
Wednesday 20 Mar 2013
The FTSE continued its journey lower today, as investors grew increasingly concerned over events in Cyprus and the Eurozone generally.
US open: Stocks start strongly ahead of FOMC decision
Wednesday 20 Mar 2013
Stocks rise strongly ahead of FOMC minutes; Dow and S&P close to all-time highs; Blackberry jumps after Morgan Stanley upgrade.
US open: Stocks start strongly ahead of FOMC decision
Wednesday 20 Mar 2013
Stocks rise strongly ahead of FOMC minutes; Dow and S&P close to all-time highs; Blackberry jumps after Morgan Stanley upgrade.
Sector movers: Construction stocks gain after Budget
Wednesday 20 Mar 2013
Stocks in the construction and materials sector were making decent gains on Wednesday in the aftermath of Chancellor George Osborne's Budget statement which included a number of measures to kick-start infrastructure and home-buying activity.
London midday: FTSE 100 slips into the red ahead of Budget
Wednesday 20 Mar 2013
The FTSE 100 had erased gains by lunchtime after a strong start, as investors took caution ahead of the pivotal Budget Statement this afternoon by UK Chancellor George Osborne.
Thursday tips round-up: Genel, Rio Tinto, J.Sainsbury
Wednesday 20 Mar 2013
Iron ore miners, particularly Rio Tinto, are about to get hit by a large rise in supply, with the three biggest planning to add 200m tonnes of capacity by 2015, which is not far below Rio’s annual output today. Hence, while demand is not falling off a cliff and Chinese steel mills have cleared excess capacity, prices are expected to come under pressure. Thus, Australia’s official commodities
London open: Stock rise ahead of UK Budget after failed vote in Cyprus
Wednesday 20 Mar 2013
The decision by Cyprus to reject a 10bn-euro bailout deal that included a tax on bank accounts didn't take markets by surprise on Wednesday morning, as stocks started the day with moderate gains.
Wednesday paper round-up: Cyprus, UK Budget, EDF Energy...
Wednesday 20 Mar 2013
Cypriot parliament voted last night to reject a 10bn-euro bailout plan from the Troika which included a proposal to tax 5.8bn euros from bank accounts. According to the Financial Times, the country's finance minister travelled over to Moscow in an attempt to 'wrest vital economic assistance from the Kremlin'.
Friday tips round-up: AstraZeneca, Premier Oil, Icap
Wednesday 20 Mar 2013
Whereas most pharmaceutical groups have opted for diversification to deal with their own ‘patent-cliffs’ AstraZeneca is going down the path of focusing on a small group of core markets. Hence, the company is a purer play on pharma hopes and so offers higher risks and higher rewards. Nevertheless, trading on a forward price-to-earnings ratio of 9, against 13 for the sector, Mr.Soriot seems to have
Wednesday paper round-up: Cyprus, UK Budget, EDF Energy...
Wednesday 20 Mar 2013
Cypriot parliament voted last night to reject a 10bn-euro bailout plan from the Troika which included a proposal to tax 5.8bn euros from bank accounts. According to the Financial Times, the country's finance minister travelled over to Moscow in an attempt to 'wrest vital economic assistance from the Kremlin'.
Zoltav secures Siberian oil field after a little help by Abramovich junior
Tuesday 19 Mar 2013
Zoltav Resources, the AIM-listed shell company part-owned by Roman Abramovich's eldest son, is to get its hands on the undeveloped Koltogor field in western Siberia.
All eyes on Cyprus as vote on deposit tax looms
Tuesday 19 Mar 2013
Financial markets across the globe were all focused on developments in Cyprus as parliament convenes to vote on the controversial one-off bank deposit levy.
United Utilities expects rise in annual operating profits
Tuesday 19 Mar 2013
UK’s largest water company United Utilities expects to report an increase in annual profits despite rises in depreciation and power.
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