Editor's Picks
Sunday share tips: Lonmin, Primary Health
Friday 24 Aug 2012
Violence at Lonmin’s Marikana mine after a wage dispute escalated has left 44 people dead and a company in crisis. Net debt at the interim stage was $356m and, because the company’s revenues have now plunged, a rights issue may be necessary. Marikana makes up 96 per cent of Lonmin’s output. Analysts have noted that a rights issue of about $1bn may be necessary to keep the its mines open. Xstrata
Aviva says up to 800 UK jobs at risk
Friday 24 Aug 2012
Up to 800 jobs are on the line at Aviva as the insurance giant restructures in an attempt to save 400m pounds.
Home leg vs Apple won by Samsung
Friday 24 Aug 2012
The long-running patents battle between consumer electronics titans Apple and Samsung looks set to run deep into extra time after an inconclusive outcome to a court clash in South Korea.
Bunzl hungry for more acquisitions
Friday 24 Aug 2012
Bunzl, the international distribution and outsourcing group, saw its North America and Rest of the World divisions lead the way in the first half of the year.
London midday: Stocks down despite revision to UK GDP
Friday 24 Aug 2012
UK Q2 GDP revised upwards; Greece in focus as Samaras meets Merkel; US QE hopes fading fast
Broker snap: Jefferies downgrades Anglo American to 'hold'
Friday 24 Aug 2012
Jefferies has downgraded its rating for mining giant Anglo American from 'buy' to 'hold' in spite of yesterday's announcement that it had resolved the 10-month dispute with Codelco over assets in Chile.
HSBC discussing settlement with US regulators
Friday 24 Aug 2012
As US regulators turn up the heat in accusations of international banks that have allegedly laundered funds of sanctioned nations, global lender HSBC appears to be looking for a way out.
Merkel and Hollande avoid extension talk for Greece
Friday 24 Aug 2012
In brief statements before their meeting yesterday, German Chancellor Angela Merkel and French President François Hollande avoided mentioning Greece’s request for a two-year extension on its plan to reduce spending and instead focused on the need for Athens to comply with its bailout requirements.
London open: Footsie falls before GDP data
Friday 24 Aug 2012
Leader to discuss Greek extension; Markets nervous ahead of UK GDP; Anglo American leads miners lower.
Berendsen scrubs up well
Friday 24 Aug 2012
Work-wear and wash-room facilities provider Berendsen increased profitability in the first half of 2012, despite a small dip in revenues.
Lonmin's CFO appointed as interim CEO
Friday 24 Aug 2012
Platinum miner Lonmin has appointed Simon Scott, the group's Chief Financial Officer, as Acting Chief Executive Officer (CEO) while Ian Farmer is receiving treatment for his illness.
Friday newspaper round-up: Merkel, Breaking-point, Greece
Thursday 23 Aug 2012
Putting aside the prospect of a clash with Athens, Angela Merkel has made a passionate appeal to the German public to back the Eurozone “dream.” The German chancellor today launched a bold marketing campaign with the slogan: “I want Europe”. “Europe is not just a matter of the intellect – Europe is and remains above all a matter of the heart,” she said in a video clip which launched a nationwide
Friday tips round-up: IMI, WH Smith
Thursday 23 Aug 2012
The Tempus column in The Times took a look at controls and valves maker IMI on Friday morning, focusing on the group's margin target of 20 per cent in its three key divisions. 'Such forecast are all well and good until you fail to meet them', the paper said.
FX round-up: Euro strikes seven week high
Thursday 23 Aug 2012
The euro rallied against the dollar on Thursday for the fourth consecutive session on reports that Spain is seeking a bailout.
Randgold rises on news of temporary Mali government
Thursday 23 Aug 2012
Gold miner Randgold Resources has said it welcomes the appointment of a new interim government in Mali, which marks another step towards normalisation of the country following the coup attempt earlier this year.
Broker snap: WH Smith deserves a higher rating
Thursday 23 Aug 2012
Investec has put its target price under review for newsagents chain WH Smith following the group's pre-closing trading update on Thursday, saying that the share merit a higher rating.
London midday: Miners gain on QE hopes, Randgold jumps
Thursday 23 Aug 2012
QE hopes drive stocks early on; Gains pared after Eurozone data; Randgold leads miners higher.
Commodities: Crude falls as markets question stimulus hopes
Thursday 23 Aug 2012
Crude oil futures fell on Thursday as markets trimmed expectations that the Federal Reserve will unleash futher stimulus measures to bolster the US economy.
Bank of England´s Weale still hawkish
Thursday 23 Aug 2012
In an interview with French daily Les Echos Bank of England policy-maker Martin Weale indicates that, “at this point, my personal opinion is that it is not necessary to increase the size of the asset purchase programme,” although he does note that there is not currently any “practical limit” to further quantitative easing (QE).
Thursday tips round-up: BHP Billiton, Carillion, Spirax Sarco
Thursday 23 Aug 2012
Questor in the Telegraph goes in to bat, big time, for BHP Billiton. Yesterday the world’s biggest mining firm raised eyebrows after reporting a 26 per cent decline in pre-tax profits and cancelling a huge copper and uranium project, known as the Olympic Dam.
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