Editor's Picks
Thursday newspaper round-up: Shell, Bankers' pay, Italian elections...
Thursday 28 Feb 2013
Shell last night announced it had shelved its controversial Arctic drilling plans after a series of failures in the quest for fresh oil supplies. The energy giant said it would halt exploration activity for 12 months in Alaska's Beaufort and Chukchi seas to 'prepare equipment and plans for a resumption of activity at a later stage'.
Thursday preview: RBS releases annual results amid restructuring
Wednesday 27 Feb 2013
The Royal Bank of Scotland (RBS) is expected to make waves Thursday as it releases its full-year results amid a LIBOR scandal and plans to cut back on its branches.
FTSE 250 movers: bwin.party leaps on Citigroup upgrade
Wednesday 27 Feb 2013
Online gaining group bwin.party jumped after Citigroup upgraded its rating for the stock to 'neutral'.
London midday: Sentiment still fragile after inconclusive Italian elections
Wednesday 27 Feb 2013
Markets across Europe were staging a slight rebound on Wednesday but sentiment was still fragile as political instability in Italy spread fears that the Eurozone crisis could drag on for some time yet.
Broker snap: Investec upgrades HSBC as disposals continue
Wednesday 27 Feb 2013
Investec has upgraded its recommendation for global banking giant HSBC from 'hold' to 'add' after the stock's recent underperformance.
Italian turmoil an equity buying opportunity, says Credit Suisse
Wednesday 27 Feb 2013
Despite the increase in uncertainty caused by the recent inconclusive elections in Italy, Credit Suisse thinks the turmoil may be a buying opportunity for global equity, according to a note published Wednesday.
London open: Markets claw back after sell-off
Wednesday 27 Feb 2013
Stock markets rebounded slightly on Wednesday morning following a sell-off the day before after the disappointing outcome to the national elections in Italy.
Commodities: Crude inches higher after choppy session
Wednesday 27 Feb 2013
Crude oil futures eked out a modest gain on Wednesday, after a volatile session, as traders mulled the latest US government stockpile data and a mixed bag of economic data.
FX round-up: Euro rises after Italy's solid bond auction
Wednesday 27 Feb 2013
The euro perked up against the dollar on Wednesday as market nerves were soothed by robust demand for Italy's first bond sale since the elections.
UK 2012 GDP estimates revised higher
Wednesday 27 Feb 2013
The UK´s gross domestic product (GDP) decreased by 0.3 per cent in volume terms between the third and fourth quarter of 2012, according to the latest data available from the Office for National Statistics (ONS).
Wednesday newspaper round-up: Barclays, JPMorgan, BP...
Wednesday 27 Feb 2013
Barclays is expected to reveal next week that as many as 600 of its staff are paid more than one million pounds, in the most detailed disclosure yet about how much its 140,000 employees take home each year. In a move that could force rival banks to follow suit, Barclays is preparing to report how much its staff earn through a wide range of pay scales, shedding light on the pay of its lowest and
London close: Stocks tank on political instability in Italy
Tuesday 26 Feb 2013
Upbeat economic data from the States wasn’t enough to give markets a boost on Tuesday as a political impasse in Italy dampened the demand for cyclical stocks, such as banks.
Goldman slashes forecasts for gold
Tuesday 26 Feb 2013
The turn in the gold cycle has likely already started, according to Goldman Sachs, which has cut its price targets for the precious metal over the next year.
Broker snap: RBS faces material uncertainties, says Nomura
Tuesday 26 Feb 2013
Nomura has reiterated its 'reduce' rating and 300p target price for UK lender Royal Bank of Scotland (RBS) ahead of the bank's full-year results later this week.
Sainsbury increases market share in wake of horsemeat scare
Tuesday 26 Feb 2013
J Sainsbury is the only one of the four largest UK supermarkets to increase its market share as the industry was hit by the UK’s horsemeat scandal, according the data from Kantar Worldpanel Tuesday.
Goldman Sachs to cut more jobs this week, report claims
Tuesday 26 Feb 2013
Goldman Sachs Group is likely to axe jobs this week as part of an annual cull, according to Reuters on Tuesday.
Europe midday: France and Germany split on Italy
Tuesday 26 Feb 2013
- French industry minister says ECB should monetise debt
London midday: FTSE 100 sinks on Italian political impasse
Tuesday 26 Feb 2013
The Footsie lost over one per cent on Tuesday morning in the aftermath of the Italian national elections, as financial markets reacted to the political uncertainty unravelling in the Eurozone's third-largest economy.
London open: Political uncertainty in Italy hammers stocks
Tuesday 26 Feb 2013
Election results in Italy prompted in a sell-off across European stock markets on Tuesday morning after the country was thrown into a political deadlock.
FX round-up: Dollar firms after Bernanke comments
Tuesday 26 Feb 2013
The dollar made headway against major currencies on Tuesday after Federal Reserve Chief Ben Bernanke assured markets that the central bank would keep its bond-buying programme in place.
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