Editor's Picks
London open: Glencore leads fallers early on
Wednesday 29 Aug 2012
Spain a concern as Catalonia needs aid; Markets await Bernanke; Ex-div Glencore a heavy faller early on
RusPetro swings to first-half loss, shares drop
Wednesday 29 Aug 2012
Revenues at West Siberia-focused oil and gas group RusPetro tripled in the first six months of the year, a 'transformational' period since its flotation in London in January, the firm said.
FX round-up: Dollar loses allure as euro shines
Wednesday 29 Aug 2012
The dollar deteriorated against most major currencies on Tuesday while the euro was boosted by hopes of bond buying by the European Central Bank.
FirstGroup casts Virgin as sore loser
Wednesday 29 Aug 2012
FirstGroup has accused Virgin Rail Group of being a sore loser over the West Coast rail franchise, which the Department of Transport (DfT) has awarded to FirstGroup, noting that Virgin's legal challenge to the selection process came only after Virgin had lost out in its bid to retain the franchise.
'Glenstrata' merger review process still ongoing
Wednesday 29 Aug 2012
Xstrata has said that the merger review process relating to its controversial tie-up with commodities giant Glencore is still ongoing in the European Union.
Antofagasta beats profit expectations in the first half
Wednesday 29 Aug 2012
Chile-based copper miner Antofagasta saw earnings per share (EPS) come in a smidgen ahead of expectations in the first half as a decrease in copper prices was offset by higher levels of production.
Wednesday newspaper round-up: Xstrata, Spain, Heathrow
Tuesday 28 Aug 2012
Pressure on Glencore over its $65bn merger with Xstrata intensified yesterday after a third party was revealed to be potentially muddying the waters for the commodities trader. Norges Bank Investment Management (NBIM) has been steadily buying shares in Xstrata over the past few weeks and its most recent foray into the market triggered a regulatory announcement that showed that it now has just
Broker tips: Glaxo, Bunzl, Ophir Energy
Tuesday 28 Aug 2012
UBS has lowered its recommendation for pharmaceuticals giant GlaxoSmithKline from 'buy' to 'neutral', saying that there's limited potential for further upside.
Overseas slowdown risky to Japanese economy
Tuesday 28 Aug 2012
The Japanese government reduced its view of the economy on Tuesday, warning that a slowdown in economic growth overseas and the ongoing Eurozone debt crisis are key risks to the world’s third-largest economy.
Production delays hit Carlyle-target Chemring
Tuesday 28 Aug 2012
Defence contractor Chemring has issued a profits warning, saying a computer glitch and production delays are likely to wipe 15m sterling off full year earnings as it considers a takeover offer from private equity giant Carlyle.
Spanish recession deeper than first thought
Tuesday 28 Aug 2012
Spain’s national statistics office has revised lower its gross domestic product (GDP) estimate for the second quarter, meaning that the recession in the Eurozone nation was more pronounced than initial predictions showed.
London midday: Stocks erase losses after Spanish auction
Tuesday 28 Aug 2012
Spanish bond auction lifts sentiment; Miners lower on concerns over Japan; Chemring drops profit warning.
Broker tips: Glaxo, Bunzl, Ophir Energy
Tuesday 28 Aug 2012
UBS has lowered its recommendation for pharmaceuticals giant GlaxoSmithKline from 'buy' to 'neutral', saying that there's limited potential for further upside.
Broker snap: Action-packed year ahead for E&Ps, says Credit Suisse
Tuesday 28 Aug 2012
Credit Suisse has highlighted Ophir Energy as its focus list stock in its sector review of oil and gas explorers and producers (E and Ps).
G4S cuts 1,100 jobs to 'maximise efficiency'
Tuesday 28 Aug 2012
Security giant G4S has expressed disappointment over the problems related to its Olympics contract and said that a restructuring of its overhead structure will lead the loss of 1,100 jobs.
China taking its time over Glencore's Viterra deal
Tuesday 28 Aug 2012
China is going to take longer than expected over its review of the acquisition of agriculture business Viterra by miner commodities trader Glencore.
Astra names Roche executive Soriot as new CEO
Tuesday 28 Aug 2012
Pharmaceuticals group AstraZeneca, which has been on the search for a new boss for four months, has appointed Pascal Soriot as its Chief Executive Officer (CEO), joining the firm from Swiss rival Roche.
BHP to offload Australian uranium project
Tuesday 28 Aug 2012
Mining giant BHP Billiton has signed an agreement to sell its Yeelirrie uranium deposit in Western Australia.
Weekend newspaper round-up: Xstrata, Apple, China
Friday 24 Aug 2012
Qatar Holding is poised to raise its stake in Xstrata to 25 per cent should the miner’s planned tie-up with Glencore collapse, giving it a de facto veto over any future merger. Sources close to the bid told The Sunday Telegraph that Qatar Holding has assured Xstrata’s chief executive Mick Davis that he will have their full backing should shareholders block the tie-up with Glencore, a move that
Tuesday newspaper round-up: Unilever, Small businesses, Lonmin
Friday 24 Aug 2012
Unilever, the company behind Persil, PG Tips and Flora said it will apply lessons from its Asian business as consumers change their shopping habits amid a financial crisis that has left Greece mired in recession for the past five years and Spain with the highest unemployment rate in the industrialised world. "Poverty is returning to Europe," Jan Zijderveld, the head of Unilever's European
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