Editor's Picks
Astra raises guidance after Pfizer OTC tie-up
Tuesday 14 Aug 2012
Anglo-Swedish drugs colossus AstraZeneca has raised earnings guidance a tad after signing a deal with US pharmaceuticals titan Pfizer.
CRH hit by weather and Eurozone crisis
Tuesday 14 Aug 2012
Poor weather and tough economic conditions in Europe saw earnings slip at building materials group CRH in the first half of the year.
Tuesday tips round-up: Mitie, FirstGroup, Eckoh
Tuesday 14 Aug 2012
After 25 consecutive years of growth outsourcing firm Mitie is highly valued but some in the City are wondering if the price has got ahead of itself, notes Tempus in The Times.
Tuesday newspaper round-up: StanChart, Facebook, G4S...
Tuesday 14 Aug 2012
Peter Sands, the chief executive of Standard Chartered, has flown to New York in a last ditch bid to secure a settlement and avoid a public showdown with US regulators over Iranian money laundering charges. The bank boss decided to intervene personally after a weekend of intense negotiations failed to persuade Benjamin Lawsky of New York State Department of Financial Services to water-down his
London close: Stocks fall as post-Olympic blues set in
Monday 13 Aug 2012
- Global equities finish broadly lower - GDP growth a concern in Japan and China - Greek GDP beats expectations
FTSE 100 movers: Petrofac and the miners provide a drag
Monday 13 Aug 2012
Oilfield services firm Petrofac was leading the fallers on the Footsie on Monday afternoon despite reporting a strong first half as investors turned cautious on the pace of growth going forward
BP finds buyer for Californian refinery
Monday 13 Aug 2012
BP's selling spree has continued with the UK oil colossus announcing the sale of its refinery in Carson, California, to US refiner Tesoro.
Michael Page to be broadly in line
Monday 13 Aug 2012
Recruitment firm Michael Page's profits took a tumble as market conditions worsened in the second quarter, and things are not looking much brighter for the second half of the 2012 either.
Broker snap: Visibility a concern at Petrofac, says Investec
Monday 13 Aug 2012
Petrofac may have announced that it is on track to hit its full-year guidance but Investec has maintained its 'hold' rating and 1,500p target price on the stock, saying that it is 'still worrying about the future'.
London midday: Global growth fears weigh on stocks
Monday 13 Aug 2012
- Mood dampened by slowdown in Japan, China - Germany could block aid to Greece - Summer rally loses momentum
Standard Chartered 'in settlement discussions' with NY regulator
Monday 13 Aug 2012
Embattled bank Standard Chartered is in talks with New York state regulators over how much a settlement would cost it as the storm over alleged hidden transactions on behalf of Iran continues.
Broker tips: Petrofac, Glaxo, ENRC
Monday 13 Aug 2012
Petrofac may have announced that it is on track to hit its full-year guidance but Investec has maintained its 'hold' rating and 1,500p target price on the stock, saying that it is 'still worrying about the future'.
Broker snap: Jefferies downgrades Glaxo to 'hold'
Monday 13 Aug 2012
With GlaxoSmithKline's margin expansion put on hold, Jefferies has downgraded its recommendation for the stock from 'buy' to 'hold'.
Broker snap: ENRC's first half will be weak, says UBS
Monday 13 Aug 2012
UBS says to expect a weak first half from mining group Eurasian Natural Resources Corp (ENRC), predicting earnings to tumble and debt to surge.
'Make-or-break' time for UK employers
Monday 13 Aug 2012
It's 'make or break time' for UK employers who have so far managed to hold off from making job cuts, according to the Chartered Institute of Personnel and Development (CIPD).
Monday broker round-up
Monday 13 Aug 2012
AMEC, Aviva, BATS, British Land, BSkyB, Centrica, Diageo, ENRC, Experian, FirstGroup, FlyBe, G4S, Glaxo, Hammerson, Hargreaves Services, Imperial, Tullow, Whitbread
London open: Japanese slowdown weighs on stocks
Monday 13 Aug 2012
- Petrofac leads fallers early on - Japanese GDP growth misses forecasts - Germany could block aid to Greece
Monday newspaper round-up: Greece, Barclays, Anglo American...
Monday 13 Aug 2012
Germany will block any new aid to ailing Greece if Athens does not fully comply with the terms of previous rescue packages, even if other countries support unlocking funds, a senior lawmaker said Sunday. The deputy head of Chancellor Angela Merkel's conservative parliamentary bloc, Michael Fuchs, told business daily Handelsblatt that Berlin was ready to use its veto if it is unhappy with findings
BP sells gas processing plants in Texas
Monday 13 Aug 2012
BP's grand garage sale continues with the integrated oil giant announcing the sale of its Sunray and Hemphill gas processing plants in Texas.
Petrofac disappoints investors
Monday 13 Aug 2012
Oil and gas services group Petrofac reported a strong first half driven by growth across all its markets.
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