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  • Broker tips: BP, Melrose, Morrison

    Friday 16 Nov 2012

    Nomura has maintained its 'neutral' rating and 455p target price for oil giant BP following Thursday's 4.5bn-pound settlement with US regulators.

  • Carnival to pay special divi of 50 cents per share

    Friday 16 Nov 2012

    Shareholders of cruise operator Carnival are in for an additional payout of 50 US cents per share in December, in a move to return excess cash back to investors.

  • Broker snap: UBS downgrades Morrison to 'neutral'

    Friday 16 Nov 2012

    UBS has cut its recommendation for supermarket giant Morrison from 'buy' to 'neutral', saying that the stock's sector premium is perhaps not appropriate right now.

  • Greece awaits deal as PM promises recovery in 2013

    Friday 16 Nov 2012

    The Eurogroup (group of Eurozone finance ministers) is scheduled to meet next week and give a 'final' verdict on the issuance of the next tranche of aid to Greece.

  • London open: Stocks flat ahead of US budget talks

    Friday 16 Nov 2012

    The UK benchmark index opened flat on Friday morning as investors turn to the US where President Barack Obama is to hold budget talks in Congress to discuss the impending 'fiscal cliff'.

  • Anglo and Lafarge to sell UK construction assets to ‪Lakshmi Mittal

    Friday 16 Nov 2012

    Mining giant Anglo American and French cement group Lafarge are to sell a portfolio of UK construction material operations to steel tycoon ‪Lakshmi Mittal‬, the companies announced on Friday.

  • Reckitt Benckiser launches counter-offer for Schiff

    Friday 16 Nov 2012

    Slough based consumer goods giant Reckitt Benckiser has launched a £881.61 ($1.4bn) counterbid for US nutrition specialist Schiff Nutrition International, with the tender offer beginning today.

  • London close: Footsie at two-month low on global uncertainty

    Thursday 15 Nov 2012

    FTSE 100 at lowest level since early September; US, Eurozone and UK data disappoints; BP reaches settlement with US DoJ.

  • Friday tips round-up: Resolution, Invensys and Capita

    Thursday 15 Nov 2012

    Tempus writes that it is assured that yesterday’s trading statement from Resolution is not a 'kitchen sink job imposed by the Chief Executive-designate Andy Briggs, appointed three months ago. It should have no effect on the 21p a share annual dividends that provide the shares with a stonking nine per cent yield.

  • BP to pay billions to settle criminal claims

    Thursday 15 Nov 2012

    BP's fine to settle criminal charges for the Macondo oil well tragedy in the Gulf of Mexico is set to smash the previous record for such a fine, the BBC reported.

  • London midday: Stocks slump on global economic concerns

    Thursday 15 Nov 2012

    US budget talks, Eurozone debt concerns and violence in the Middle East combined to pressure stocks lower on Thursday, pushing the Footsie to levels not seen since early September.

  • Broker snap: Nomura keeps 'reduce' rating for Resolution

    Thursday 15 Nov 2012

    Nomura has maintained its 'reduce' rating and 250p target price for life insurer Resolution after the group's third-quarter statement disappointed, saying that its valuation and prospects are still 'unattractive'.

  • UK October retail sales well below forecasts

    Thursday 15 Nov 2012

    UK retail sales volumes dropped by 0.8 per cent month-on-month in October (0.6 per cent year-on-year), according to the latest data available from the Office for National Statisics (ONS).

  • London open: Footsie drops to 10-week low on US and Eurozone fears

    Thursday 15 Nov 2012

    The FTSE 100 sunk to a 10-week low in intraday trade on Thursday morning as worries about the US budget and uncertainty in the Eurozone continues to dampen stocks.

  • 2013 sales outlook clouds over at Melrose

    Thursday 15 Nov 2012

    A red flag has been raised at industrial turnaround specialist Melrose, with the group saying some of its businesses have seen a slow-down in business in recent weeks.

  • Sunday share tips: Compass, Moneysuperrmarket, North Atlantic

    Thursday 15 Nov 2012

    This time a year ago Compass, the world’s biggest caterer, warmed the cockles of its shareholders’ hearts with a 500m pound share buyback. Expect history to repeat itself on Wednesday when the company reveals annual results.“Chief executive Richard Cousins is likely, says my man in the canteen, to unleash another 500m pound buying spree,” says The Sunday Times’s Danny Fortson. This would be more

  • Antofagasta steps it up

    Thursday 15 Nov 2012

    A decline in copper and molybdenum prices partially offset the benefits of increased volumes at Chilean miner Antofagasta in the first nine months of 2012.

  • Standard Life cashes in on buoyant Canadian property market

    Thursday 15 Nov 2012

    Life assurance group Standard Life said its Canadian subsidiary has improved its risk profile by renegotiating an existing reinsurance arrangement.

  • US retail sales dented by Hurricane Sandy in October

    Wednesday 14 Nov 2012

    US retail sales fell at a higher-than-expected rate in October but the results are deemed to be distorted by the major hurricane that hit the Northeast region of the country.

  • London close: Footsie drops over one per cent after Rehn comments

    Wednesday 14 Nov 2012

    Olli Rehn says Spain has taken 'effective action'; UK data mixed; BoE cuts growth forecast; mining and oil stocks sold off.

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