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  • Revenue falls seven per cent over nine months at BT

    Friday 01 Feb 2013

    Revenue fell seven per cent to 13,468m pounds in the nine months to December 31st at BT Group, according to an interim statement issued by the telecoms company on Friday morning.

  • Tate & Lyle battling against high corn prices

    Friday 01 Feb 2013

    Sweeteners and food products group Tate & Lyle said that third-quarter profits, while lower than they were last year, were in line with its expectations.

  • Eurozone manufacturing PMI hits 11-month high

    Friday 01 Feb 2013

    The final Eurozone manufacturing PMI (purchasing managers’ index) hit an 11-month high in January, at 47.9, according to the data published this morning by Markit/. It moved up from both the preliminary reading of 47.5 and the prior 46.1 points registered in December.

  • Sunday share tips: ARM Holdings, Northbridge, GB Group

    Thursday 31 Jan 2013

    Everyone calm down. That seems to be the message from analysts who follow Britain’s greatest tech success story, ARM Holdings. When you consider that over the last three months of 2012 alone an estimated 219m smartphones were sold, and that ARM powers about 90% of the market, the 1% and 3% royalties quickly add up. Not surprisingly, the City is expecting a strong showing when the firm reveals its

  • Friday tips round-up: Royal Dutch Shell, BTG, Cranswick

    Thursday 31 Jan 2013

    Royal Dutch Shell’s fourth-quarter results were a mixed bag. In the final quarter of last year, profits on a current cost of supply basis – which strip out the effect of movements in the oil price on inventories – rose 15 per cent to 5.58bn dollars (3.5bn pounds), lower than a consensus view of 6.2bn dollars. This was down to weaker US fuel prices and higher production costs. Europe’s largest oil

  • Larger-than-expected increase in US unemployment claims

    Thursday 31 Jan 2013

    The advance figure for seasonally adjusted initial claims was 368,000 for the week ending January 26th, according to just released survey data from the Department of Labour.

  • Commodities: Jobs data pushes crude lower

    Thursday 31 Jan 2013

    Crude oil futures had their best January in six years, despite ending the last session of the month lower.

  • London midday: AstraZeneca, Shell provide a drag on the Footsie

    Thursday 31 Jan 2013

    A host of FTSE 100 heavyweights disappointed with earnings reports on Thursday morning, as market sentiment was still fragile after yesterday's shock economic contraction in the States.

  • Broker snap: Investec puts Shell under review after 'substantial' Q4 miss

    Thursday 31 Jan 2013

    Investec has put its 'hold' rating for Royal Dutch Shell under review after a 'substantial miss' by the oil producer in the fourth quarter.

  • UK house prices rose more than expected in January

    Thursday 31 Jan 2013

    UK house prices rose by 0.5 per cent to 162,245 pounds in January, versus the previous month, according to the latest data from Nationwide.

  • Tate & Lyle profits in line with expectations

    Thursday 31 Jan 2013

    Sweeteners and food products group Tate & Lyle said that third-quarter profits, while lower than they were last year, were in line with its expectations.

  • Broker snap: Astra's results could have been worse, says Panmure Gordon

    Thursday 31 Jan 2013

    Panmure Gordon has kept its 'hold' rating and 3,000p target price for pharmaceuticals giant AstraZeneca after the firm's final results, saying that figures were not as bad as they could have been.

  • Thursday newspaper round-up: Barclays, Shell, Great Western...

    Thursday 31 Jan 2013

    The man responsible for setting boardroom pay at Barclays was hammered by MPs and peers yesterday and warned not to pay a one million-pound bonus to the new chief executive. Sir John Sunderland, one of Britain’s most eminent industrialists and a for- mer CBI president, was hit by a barrage of hostile questioning and accused of a significant misjudgment in approving a 2.7 million-pound bonus to

  • London close: Footsie slips after surprise US contraction

    Wednesday 30 Jan 2013

    After a decent start, London’s FTSE 100 index slipped into the red in the afternoon session, as disappointing gross domestic product (GDP) figures from the US dampened risk appetite.

  • Petrol pump competition is fair, OFT decides

    Wednesday 30 Jan 2013

    Competition at petrol stations is fair, the Office of Fair Trading (OFT) announced Wednesday.

  • Spain registers worse-than-expected contraction in Q4

    Wednesday 30 Jan 2013

    As the Spanish government continues to grapple with the implementation of austerity measures required as part of the Eurozone bailout received for its financial sector, the country reported a worse-than-expected contraction of its economy during the fourth quarter of 2012.

  • London midday: Markets nervous ahead of US GDP, FOMC

    Wednesday 30 Jan 2013

    Strong gains for financial stocks were being outweighed by heavy losses in the resources sector in London, with markets trading mixed ahead of a busy day in the US later on.

  • Thursday tips round-up: Renishaw, United Utilities

    Wednesday 30 Jan 2013

    Apple never confirms who its suppliers are, but one is plainly Renishaw, the Gloucestershire company that gets about 28 per cent of its revenues from the Far East — mainly China, where iPhones and other smartphones and tablets are made using its precision-measuring tools. The company´s halfway figures yesterday made it clear that, although the first half was a record, the second half would show

  • Broker snap: Jefferies upgrades WPP to 'buy'

    Wednesday 30 Jan 2013

    Media and advertising giant WPP was performing well on Wednesday morning after Jefferies upgraded its rating for the stock from 'hold' to 'buy'.

  • Petrofac hit by earnings fears -UPDATE

    Wednesday 30 Jan 2013

    -Adds further references to recent Credit Suisse research

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