Editor's Picks
London open: Footsie extends gains as Vodafone jumps
Wednesday 06 Mar 2013
Strong performances from Vodafone, Admiral and Melrose helped extend gains on the FTSE 100 on Wednesday morning, pushing London's benchmark index to fresh five-year highs.
Wednesday tips round-up: Glencore, Meggitt, Ophir
Friday 01 Mar 2013
The rise in shares of Glencore and Xstrata, yesterday, was due to rising hopes that Beijing will indeed approve their merger. After all, it has already said ‘yes’ to the purchase of Viterra despite food security being a highly sensitive subject. Investors are also crunching the ‘synergy’ numbers although new information seems to have appeared on this front. In any case, one must point out the
UK shop prices accelerated slightly in February
Friday 01 Mar 2013
UK shop prices increased at a 1.1 per cent year-on-year pace in February, following a rise of 0.6 per cent in the month before, according to the British Retail Consortium (BRC).
US 'sequestration' expected despite last-minute talks
Friday 01 Mar 2013
US President Barack Obama has called on leaders from both parties to meet in order to reach a decision that will avoid the so-called 'sequestration' from going into effect.
Thursday newspaper round-up: RBS, Bank of Japan, Microsoft...
Friday 01 Mar 2013
According to The Telegraph, up to 17.5m RBS customers were left without their money on Wednesday night were unable to access their accounts or withdraw money after the bank's systems crashed. The bank issued on Twitter read: 'We are aware of the problems our customers are having and apologise, we will provide more information as soon as we have it.'
UK Manufacturing PMI surprises to the downside in January
Friday 01 Mar 2013
Output and new orders both register falls since January; Tough market conditions, both at home and abroad, weigh on demand; Staffing levels reduced at quickest pace for 40 months
Stagecoach reports ‘good’ overall profitability over year
Friday 01 Mar 2013
FTSE 250-listed transport group Stagecoach has reported that overall profitability of the group ‘has remained good’ with no significant change to its expected adjusted earnings per share for the year ending April 30th 2013.
Wednesday newspaper round-up: Chavez, G4S, FSA
Friday 01 Mar 2013
Populist Venezuelan politician Hugo Chavez died last night, at the age of 58, due to complications from cancer, leaving behind a divided country. Nevertheless, he did admittedly end the social and political exclusion of a large number of Venezuela’s poor and some studies show he did indeed reduce poverty, although he did little to eliminate its long-term causes. Venezuela, which has the world's
Melrose boosted by Elster acquisition in 2012
Friday 01 Mar 2013
Industrial manufacturing conglomerate Melrose saw revenues rise by a half in 2012, helped by last year's acquisition of gas metering group Elster.
Friday newspaper round-up: Chinese manufacturing, Sequester, WIlliam Hill...
Friday 01 Mar 2013
China’s manufacturing sector grew more slowly in February, according to a survey that suggests the country’s recovery could be slackening. The official purchasing managers’ index dipped to 50.1 from 50.4 in January, data on Friday showed. It was the fifth consecutive month above the midpoint of 50, which indicates an expansion in industrial activity, but the decline in the index means that the
London close: Stocks gain as US economic data impresses
Thursday 28 Feb 2013
An upwards revision to US economic growth estimates prompted an afternoon rally in London, with markets extending gains after some dovish comments from central bankers in the US and Europe.
EU agrees to cap banker bonuses
Thursday 28 Feb 2013
European Union (EU) officials have reached an agreement to limit bankers' bonuses in spite of opposition by the UK.
London midday: RBS, miners limit gains on the Footsie
Thursday 28 Feb 2013
Markets were lifted higher on Thursday morning by upbeat comments about central bank stimulus, though heavy losses from RBS and a number of miners were limiting gains for the FTSE 100.
Broker tips: RBS, IAG, Howden
Thursday 28 Feb 2013
Nomura has reiterated its 'reduce' recommendation and 300p target price for UK lender Royal Bank of Scotland (RBS), citing a decline of earnings power.
Man Group confirms GLG analyst being questioned by FSA
Thursday 28 Feb 2013
An analyst from GLG, which is owned by alternative asset manager Man Group, has been arrested by the Financial Services Authority (FSA) and the Metropolitan Police.
London open: Stocks gain as central bankers back stimulus
Thursday 28 Feb 2013
Stocks were making solid gains on Thursday morning after the heads of central banks in the US and Europe defended their current easing policies.
National Grid upbeat after agreeing to Ofgem's price controls
Thursday 28 Feb 2013
Utilities group National Grid said on Thursday that it has agreed all of the UK RIIO price-control arrangements proposed by gas and electricity regulator Ofgem, which it hopes will deliver further shareholder value.
IAG beats guidance despite strengthening dollar
Thursday 28 Feb 2013
International Airlines Group (IAG) has this morning announced a large drop in profitability as higher fuel costs and non-cash charges compensated for an improvement in passenger yields, as airlines reduced capacity in response to the adverse economic environment. Nevertheless, the company beat its own profit guidance.
RBS posts annual profits rise
Thursday 28 Feb 2013
Royal Bank of Scotland boss Stephen Hester said Thursday there was 'important work still to do' as the company released its annual results.
Kazakhmys slashes divi and warns of impairment
Thursday 28 Feb 2013
Kazakhmys, the largest copper producer in Kazakhstan and one of the biggest worldwide, said on Thursday that it would be slashing its dividend for 2012 to reflect falling profits.
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