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  • Broker snap: Home Retail's turnaround at Argos will fail, says Panmure Gordon

    Thursday 14 Mar 2013

    Argos and Homebase owner Home Retail impressed the market on Thursday after raising its profit guidance for the second time this year, but Panmure Gordon chose to reiterate its 'sell' rating for the stock, telling investors not to get carried away.

  • Playtech delivers strong full year

    Thursday 14 Mar 2013

    Online gaming software firm Playtech delivered a strong set of full year results and said it is confident of its prospects in 2013 and beyond.

  • FX round-up: Aussie jumps to five-week high; euro rises against dollar

    Thursday 14 Mar 2013

    The Australian dollar was trading at a five-week high against the US dollar on Thursday, pushed higher by an exceptionally strong domestic labour-market report.

  • JD Wetherspoons delivers 'reasonable' set of interim results

    Thursday 14 Mar 2013

    Pub Group JD Wetherspoon has posted a 'reasonable' set of results for the half year ended December 31st, with a 10 per cent rise in revenue, like-for-like sales up 6.9 per cent, but pre-tax profit down 2.7 per cent.

  • Thursday newspaper round-up: BHP Billiton, Vodafone, Bank of England...

    Thursday 14 Mar 2013

    According to The Independent, mining firm BHP Billiton is facing a corruption inquiry on speculation that it allegedly provided 'inducements, hospitality and gifts' to Chinese officials at the Beijing Olympic and Paralympic Games in 2008. The paper says that BHP could be hit with a multimillion-dollar fine.

  • London close: US retail sales lift markets off lows

    Wednesday 13 Mar 2013

    Disappointing production data from the Eurozone dampened stocks on Wednesday morning in London, but a better-than-expected reading of US retail sales saw markets rally off their lows in afternoon trade.

  • RBS sells stake in UK insurer Direct Line

    Wednesday 13 Mar 2013

    Royal Bank of Scotland (RBS) has sold a further stake in UK insurer Direct Line as part of the company’s move to streamline business.

  • Thomas Cook soars after strategy update

    Wednesday 13 Mar 2013

    Shares in travel agent Thomas Cook Group rose sharply on Wednesday after investors reacted very positively to the company´s strategy update.

  • Broker snap: Investec reviews Prudential forecasts after significant 2012 beat

    Wednesday 13 Mar 2013

    Investec has placed its 'hold' rating and 831p target price for financial services giant Prudential under review after the company's 2012 results significantly beat consensus forecasts.

  • Eurozone recession not enough for ECB rate cut, says Morgan Stanley

    Wednesday 13 Mar 2013

    Morgan Stanley cut growth forecasts for the Eurozone as it sees the region “stuck in a recession rut”, but still feels the European Central Bank (ECB) needs more to embark on additional rate cuts, according to a note published Wednesday morning.

  • French Connection makes a loss after difficult year

    Wednesday 13 Mar 2013

    Clothing retailer French Connection revealed an underlying loss for the year and revenue fell, in line with expectations, as the group battles against difficult and competitive markets.

  • 888 offers special dividend after strong performance

    Wednesday 13 Mar 2013

    Online casino and online poker firm 888 reported a thirteen per cent increase in revenue and offered a one-off special dividend in what it described as an exceptional year.

  • Prudential raises dividend after surge in pre-tax profit

    Wednesday 13 Mar 2013

    Prudential increased its full-year dividend by 15.9 per cent to 29.19p per share as it reported a sharp increase in total profit before tax supported by surging business in Asia over the full year 2012.

  • Wednesday newspaper round-up: RBS, Tesco, hibu...

    Wednesday 13 Mar 2013

    The Independent says that Royal Bank of Scotland is to raise a further half a billion pound by offloading a further holding in its listed insurance division, Direct Line. The bank announced late last night that it would be selling a 15.3 per cent stake in the insurer, leaving it with a 49.9 per cent interest.

  • London close: Stocks gain as markets shrug off gloomy production data

    Tuesday 12 Mar 2013

    In spite of some dismal production data from the UK, the FTSE 100 finished Tuesday’s session slightly higher as the benchmark index continues to set fresh five-year highs.

  • FTSE 100 movers: Copper miners bounce back

    Tuesday 12 Mar 2013

    Shares of copper miner Kazakhmys were dragged higher by improved market sentiment following peer Antofagasta´s full-year results out today. Worth noting, its stock has accumulated enormous losses year-to-date. LME copper futures are now up by just 0.23% at $7,758 per metric ton at the time of writing.

  • London midday: Markets flat despite dismal UK production figures

    Tuesday 12 Mar 2013

    The FTSE 100 managed to hold on to recent gains on Tuesday morning as traders shrugged off some disappointing domestic economic figures.

  • London pre-open: FTSE to track US stocks lower

    Tuesday 12 Mar 2013

    City sources predict the FTSE 100 will open down 25 points from yesterday's close of 6,511, tracking losses seen on two of the three key benchmarks in the US.

  • Wednesday tips round-up: Imagination, Close Bros., Fresnillo

    Tuesday 12 Mar 2013

    Most companies do not get penalised for telling markets that one of their new revenues streams is on track to double, at least in volume terms. Yet that is, to a certain extent, what happened yesterday with Imagination Technologies. Then again, most companies´ shares do not trade at 34 times´ forward earnings, The Times´s Tempus chips in.

  • Lloyds trims stake in St James's Place to bolster capital

    Tuesday 12 Mar 2013

    UK banking group Lloyds has trimmed its holding via a placing of shares in wealth management outfit St James's Place in an effort to strengthen its capital cushion.

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