Editor's Picks
Federal Reserve downgrades assesment further, still sees pick-up
Wednesday 01 Aug 2012
The Federal Reserve Open Market Committee has this evening decided to maintain all its main policy settings unchanged, including most of the language employed in its post-meeting statement.
Next: sunshine on a rainy day
Wednesday 01 Aug 2012
It's hardly surprising that retailer Next has been amongst the strongest risers on the FTSE 100 today.
US close: Stocks down as Fed says no to further stimulus
Wednesday 01 Aug 2012
- Fed stays firm on monetary policy - But does say economic activity has slowed in H1 - Manufacturing data below expectations
FCAM's AuM fall in first half
Wednesday 01 Aug 2012
Foreign and Colonial Asset Management (FCAM) said assets under management had fallen in the first half due to withdrawals by strategic partners and in its wholesale business.
Thursday preview: Lots of interest in the BoE meeting
Wednesday 01 Aug 2012
On Thursday, the Bank of England announces its interest rate decision and for the first time in years, we cannot blithely assume that the rate will be kept the same.
Shire sales leap on success of ADHD brands
Wednesday 01 Aug 2012
Shares in Shire Pharmaceuticals leapt on Wednesday after sales and non-GAAP operating income in the second quarter both soared after the company's ADHD drugs, Vyvanse and Intuniv, managed to increase their market share during the period.
Personal Care unit dents Rexam
Wednesday 01 Aug 2012
Global consumer packing company Rexam posted a three per cent like-for-like rise in sales during the first half of the year, pushed higher by a six per cent increase in the total number of beverage cans volumes.
Market overview: Merkel said not to back ESM bank licence
Wednesday 01 Aug 2012
1114: German vice-chancellor Roesler says that Merkel agrees ESM bank licence 'not our way', ECB must remain independent, fiscal discipline/reforms only way forward, according to Bloomberg. FTSE 100 up 31 to 5,665.
GKN Chairman follows strong H1 results with share purchase
Wednesday 01 Aug 2012
A round-up of the biggest director deals today so far.
US close: Eurozone doubts rattle equities
Tuesday 31 Jul 2012
- Doubts grow over Europe's commitment to serious action on Eurozone - Stocks fall as investors wait on the Fed - Retailers knocked by underwhelming consumption data
Cranswick trading in line
Tuesday 31 Jul 2012
Chief Executive Officer Bernard Hoggarth is signing off on a bright note at food producer Cranswick, which has made a solid start to its new financial year.
Tuesday tips round-up: Drax, Petra Diamonds
Tuesday 31 Jul 2012
Directors of Drax say that all the technical issues involved in converting half its capacity to burn biomass such as waste wood and woodchip have been resolved and the process can go ahead, now that the Government has settled the level of subsidy that the business can expect. Some in the market plainly have their doubts. There are still issues, in particular finding enough biomass to feed those
Investors dump BP after profits slump
Tuesday 31 Jul 2012
Chief Executive Bob Dudley's plaintive cries that changes at BP would 'deliver long-term, sustainable value' fell on deaf ears on Tuesday as investors reacted badly to a big cut in profits.
Wednesday newspaper round-up: BoE, Euro break-up, Tesco
Tuesday 31 Jul 2012
Four leading economists have called on the Bank of England’s Monetary Policy Committee to cut interest rates from their already historic low in an attempt to kickstart growth. The members of The Times’ Shadow MPC — Michael Saunders, UK economist at Citigroup; Sushil Wadhwani, of Wadhwani Asset Management; Sir Steve Robson, the former second permanent secretary to the Treasury; and Charles
FTSE 100 movers: Miners lead the way
Tuesday 31 Jul 2012
Vedanta, Rio Tinto, Xstrata, Randgold, Glencore and Polymetal making good gains, boosted by Polymetal, Vedanta and Xstrata which all impressed with their second-quarter and first-half production reports this morning.
Online and catalogue sales drive Next
Tuesday 31 Jul 2012
Strong growth in Next's online and catalogue business helped the retailer achieve sales that were at the top end of its expectations.
London shops hit by Olympic congestion fears
Tuesday 31 Jul 2012
Rather than herald a boom in shopping, it seems the Olympics has encouraged consumers to stay away from stores in central London.
BP profits slashed in Q2
Monday 30 Jul 2012
Weaker oil and gas prices and a cut in output due to an extensive maintenance programme hit BP's profits hard in the second quarter.
FX round-up: ECB, Fed jitters increase dollar's allure
Monday 30 Jul 2012
The dollar made headway against the euro on Monday for the first time in four days as investors remained cautious ahead this week's European Central Bank and US Federal Reserve policy meetings.
London midday: Stimulus hopes drive risk appetite
Monday 30 Jul 2012
- Juncker says leaders have 'no time to lose' - Markets await policy decisions by ECB and Fed - Yields fall at Italian bond auction
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