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  • US open: Stocks start firmly lower

    Thursday 12 Jul 2012

    Wall Street has opened moderately lower this morning (Dow Jones: -0,57%, Nasdaq Comp.: -0,98%, S&P 500: -0,75%) following growing signs of economic growth globally while commentators fumble at trying to interpret yesterday´s Fed minutes.

  • London midday: Growth concerns fuel risk aversion

    Thursday 12 Jul 2012

    - Ashmore drops eight per cent; miners tank - Aegis rockets after Dentsu offer - Markets focus on FOMC minutes and global growth concerns

  • Broker snap: Counter offers for Aegis unlikely, says Investec

    Thursday 12 Jul 2012

    Investec has hiked its target price for media and digital communications group Aegis from 195p to 240p to fall in line with the offer price by Japanese advertising agency Dentsu.

  • Sealed-bid auction for Cove likely, Shell extends offer again

    Thursday 12 Jul 2012

    At risk of sounding like a broken record, Royal Dutch Shell has announced that it has extended its offer for AIM-listed oil and gas producer Cove Energy.

  • FX round-up: Dollar rises against euro

    Thursday 12 Jul 2012

    The dollar climbed higher against the euro on Thursday, rising over on-going worries that central banks won't take action to provide more stimulus.

  • Market overview: Better than expected Chinese bank lending data

    Thursday 12 Jul 2012

    0934: The latest monthly Chinese bank lending data just out have revealed a modestly larger than expected increase of 919bn Yuan, versus the 880bn expected, Bloomberg TV reports. That may help to temper worries about growth in the Asian giant. A member (Bonicci) of the ECB´s governing council has also been cited as saying that the central bank still has tools left to act. FTSE 100 has come off

  • London open: Ashmore, G4S and miners provide a drag

    Thursday 12 Jul 2012

    - FOMC minutes disappoint - Miners tank after Credit Suisse cuts forecasts - Aegis rockets after Dentsu offer

  • Europe mid-morning: Deposits at ECB plummet

    Thursday 12 Jul 2012

    -Banks deposit €324.9bn at ECB, a 7 month low -ECB (Bonnici) says still has tools at its disposal -Chinese bank lending ahead of expectations -Global growth worries weigh on stocks

  • Rio Tinto CFO to retire next year

    Thursday 12 Jul 2012

    Rio Tinto's long-standing Chief Financial Officer (CFO) Guy Elliott is to retire at the end of next year, the group announced on Thursday, along with a few other senior management changes.

  • Market overview: Growth concerns undermine BHP and Ashmore

    Thursday 12 Jul 2012

    0840: Sticking with the theme of global growth worries, fund manager Ashmore said assets under management (AuM) fell 3.3 per cent to $63.7bn in the quarter ended 30 June 2012 as worries about the Eurozone crisis and global growth rattled investor confidence. It is now the worst performer on the FTSE 350. G4S is also weak this morning on negative media coverage of the government´s impending

  • Thursday tips round-up: Burberry, Hays

    Thursday 12 Jul 2012

    The Questor team in The Telegraph has recommended to hold luxury brand group Burberry, after the firm's latest slowdown in sales growth hit the shares hard yesterday.

  • Thursday newspaper round-up: Corn, Barclays, Lloyds

    Wednesday 11 Jul 2012

    The heatwave that has had much of the United States sweltering this summer is expected to cause severe damage to crop production in the US Midwest and push up food prices across the globe. The US Department of Agriculture cut its estimate for the corn crop yesterday by 12 per cent in response to a drought that affects 56 per cent of America and is the worst for 24 years. Commodities traders

  • Thursday preview: AB Foods, Centaur, Ashmore

    Wednesday 11 Jul 2012

    Associated British Foods, which last Friday announced the acquisition of the Elephant Atta ethnic flour brand from Premier Foods, updates the market on Thursday. Attention will probably be on the group's Primark clothing chain, as usual, but the Elephant Atta purchase is a useful reminder that there is more to the company than Primark.

  • Broker snap: Panmure downgrades Britvic after Fruitshoot recall

    Wednesday 11 Jul 2012

    Panmure Gordon has downgraded its recommendation for soft drinks group Britvic from 'hold' to 'sell' and slashed its target price from 350p to 250p after Wednesday's trading update which saw the stock drop by 15 per cent.

  • London midday: Footsie pares losses but still in the red

    Wednesday 11 Jul 2012

    - Burberry leads stocks lower after Q1 update - Johnson Matthey, Lloyds, Centrica, SSE fall after broker downgrades - FOMC minutes due out later

  • Wednesday tips round-up: Centamin, Michael Page, Melrose Resources

    Wednesday 11 Jul 2012

    Gold miner Centamin's operations are running better than anyone expected, but the political backdrop in Egypt has sunk the group's share price. Centamin has confirmed that this report is false, as did the chairman of the Egypt Mineral Resource Authority. The worries the report caused however saw the share price fall on Monday as Centamin is essentially a single asset company operating in Egypt,

  • Spain increases taxes, cuts salaries to meet deficit target

    Wednesday 11 Jul 2012

    Spain’s Prime Minister Mariano Rajoy stood in front of Congress on Wednesday to list the steps that his country will take to comply with Brussels’s demands in order to receive the European bailout of its financial sector.

  • London open: Burberry leads stocks lower

    Wednesday 11 Jul 2012

    - Burberry sinks after Q1 results - Sentiment dampened by US earnings - FOMC minutes eyes

  • Rolls-Royce secures Trent 700 engine order

    Wednesday 11 Jul 2012

    Power systems group Rolls-Royce has won an order from Avianca (part of the AviancaTaca group) for Trent 700 engines to power four Airbus A330 freighter aircraft.

  • US close: FOMC disappointment perhaps not unexpected

    Wednesday 11 Jul 2012

    -Only a few Fed Presidents thought QE3 likely -USDA establishes natural disaster areas in 26 states -Corn futures fall after a 40%% run-up since mid-June -US Treasury sells 10 year debt at record low yield of 1.459% -Byron Wein says S&P may surpass 1,400 points this year -Iraq´s oil production surpasses Iran´s -Bbg -Goldman Sachs cuts US Q2 GDP tracking estimate

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