Editor's Picks
London open: Risk appetite increases ahead of US jobs report
Friday 08 Mar 2013
The FTSE 100 was firmly in positive territory on Friday morning ahead of the crucial US employment report due out this afternoon, with traders hoping that jobs figures could beat forecasts given the solid economic data seen as of late.
Advanced Computer Software hails 'significant' bolt-on acquisition
Friday 08 Mar 2013
Advanced Computer Software (ACS) has purchased a accounting and back-office software firm which will increase annual revenues by around 60 per cent, the company announced on Friday.
Commodities: Crude registers last minute gain
Friday 08 Mar 2013
Crude oil futures staged a last minute recovery on Monday, helped by the weaker dollar and as markets shrugged off disappointing Chinese industrial production and retail sales.
Friday newspaper round-up: BP, RBS, John Lewis...
Friday 08 Mar 2013
According to the Financial Times, oil giant BP has warned of settlement costs 'significantly higher' than 7.7bn dollars in relation to its payout to business and individuals affected by the 2010 oil of spill in the Gulf of Mexico. In a note last week, the company forecasted the civil trial to cost it 7.7bn dollars, but payments being made under the deal have come in higher than expected, the
Commodities round-up: Copper on track for weekly gain
Thursday 07 Mar 2013
Industrial metals were generally well bid yesterday, with copper prices on track for a weekly gain as traders begin to react to improving economic prospects it is thought.
Spitfire Oil secures tenure over Salmon Gums resource area
Thursday 07 Mar 2013
AIM-listed mining company Spitfire Oil has secured the long-term tenure over the Salmon Gums lignite resource area in Western Australia.
FX round-up: Dollar/yen at late 2009 highs
Thursday 07 Mar 2013
Yesterday was generally a risk-on session in foreign currency markets, as the European Central Bank adopted a somewhat more neutral bias than some might have been hoping for, but left the door open to further accommodation should the data flow unexpectedly worsen significantly.
Thomas Cook to cut 2,500 jobs and close 195 travel agencies
Thursday 07 Mar 2013
Indebted travel company Thomas Cook is to slash 2,500 jobs and close 195 of its High Street stores in a bid to ensure its admin costs are 'as low as possible'.
London midday: Stocks gain as BoE holds fire
Thursday 07 Mar 2013
Stocks were making moderate gains by Thursday lunchtime despite the Bank of England (BoE) refraining from further easing to boost the UK economy.
Broker tips: Aviva, Aggreko, Melrose
Thursday 07 Mar 2013
Panmure Gordon it has downgraded its rating for insurance group Aviva from 'buy' to 'hold' after the company announced a surprise cut in the dividend on Thursday.
Dixons Retail to sell Equanet operations
Thursday 07 Mar 2013
Electronics company Dixons Retail has announced plans to sell its Equanet operations to Kelway, the London based IT solutions and services provider.
Revenue rises at Inmarsat supported by maritime business growth
Thursday 07 Mar 2013
Mobile satellite communications services provider Inmarsat has posted a six per cent rise in total revenue in the year ended December 31st, supported by growth in its maritime data and aviation business segments.
London open: Fed comments provide support ahead of BoE, ECB
Thursday 07 Mar 2013
The FTSE 100 held on to recent gains on Thursday morning ahead of central-bank policy decisions in the UK and Europe, as comments from the Federal Reserve provided some support.
North American business supports trading profit at Aggreko
Thursday 07 Mar 2013
FTSE 100-listed temporary power and temperature control provider Aggreko has posted strong performance with trading profit up 13 per cent in the year ended December 31st.
Friday tips round-up: Aviva, IMI, H&T Group,
Thursday 07 Mar 2013
Aviva has come a long way and yesterday´s dividend cut does not negate all that has been achieved since Mark Wilson took over at the helm last May. The company needed to decrease its pay-out to reduce the strain from interest payments on profits. The real challenge, however, will be to increase the businesses´ growth profile. Last year even the highest growth segments of its life assurance
London close: Stocks pare gains ahead of policy decisions
Wednesday 06 Mar 2013
After a solid rise early on, the FTSE 100 had trimmed gains by the close of trade on Wednesday as investors took profits after stocks hit fresh multi-year highs the day before.
US open: Equities begin the day on a mixed footing
Wednesday 06 Mar 2013
The major US equity market averages have begun the day in a mixed fashion, with a small retreat on the Nasdaq Composite but gains on the Dow Jones Industrials and S&P 500.
Thursday tips round-up: Vodafone, Legal & General, Cape
Wednesday 06 Mar 2013
Speculation regarding a host of possible different business combinations has kept Vodafone well bid, but the underlying logic may be questionable. For starters, the company need not acquire a smaller rival to play the game of ‘digital convergence.’ Similarly, a sale of its stake in Verizon Wireless would entail a very large tax bill. Finally, the firm need not sell that stake to finance a deal in
London midday: Stocks hold on to recent gains
Wednesday 06 Mar 2013
Well-received results from a number of heavyweight stocks and M&A speculation surrounding Vodafone pushed the FTSE 100 firmly into positive territory on Wednesday morning, pushing the index to fresh multi-year highs.
UK house prices rose by more than expected in February
Wednesday 06 Mar 2013
UK house prices increased by 0.5 per cent month-on-month (1.9% year-on-year) in February, reaching a level of £163,600, according to mortgage lender Halifax.
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