Editor's Picks
Europe close: Krugman criticizes lack of Spanish competitiveness
Wednesday 11 Jul 2012
-Investors waiting on German constitutional court -Italy cancels mid-August debt auction due to good fiscal performance -Conflicting reports on Greece -Spain has yet to reveal more details of cuts -Analysts -Paul Krugman continues to emphasize lack of Spanish competitiveness -NYT -Spain announces VAT increase and various other measures -Spanish 10 year bond yields down by 23bp to
London close: Stocks lifted by production data, Spanish aid
Tuesday 10 Jul 2012
- UK industrial production up one per cent in May - UK still in recession, says NIESR - Chinese import data disappoints
Wednesday tips round-up: Centamin, Michael Page, Melrose Resources
Tuesday 10 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,
Broker snap: Nomura cuts Betfair forecasts after Cypriot regulation
Tuesday 10 Jul 2012
Nomura has trimmed some of its forecasts for online gaming group Betfair but has reiterated its 'buy' call on the stock, saying that it remains its 'preferred UK gaming pick'.
Wednesday newspaper round-up: Labour, Annuity rates, Market prices
Tuesday 10 Jul 2012
Advances in technology are eroding workers’ share of their country’s income, according to a leading think-tank. Automation and computerisation are responsible for as much as 80 per cent of the decline in the so-called “labour share”, which measures wages as a proportion of the total income generated in an economy, the Organisation for Economic Co-operation and Development said. Corporate
BoE´s King worried about the outlook for exports
Tuesday 10 Jul 2012
In a radio interview last night with the British Broadcasting Corporation (BBC) the Governor of the Bank of England, Sir Mervyn King, put forth a gloomy view of the UK economy, saying that, "the economy has basically been flat for two years and doesn't show a great deal of signs of impending recovery.”
GM director Bostock pays the price at Marks and Spencer
Monday 09 Jul 2012
Second quarter like-for-like (LFL) sales took a tumble at High Street giant Marks and Spencer, though the food business held up well, and full year guidance remains unchanged.
Commodities: Crude oil spikes 2pc
Monday 09 Jul 2012
US crude oil futures rallied almost 2 per cent on Monday as fears of a potential shutdown of Norway’s oil production fuelled demand.
3i Infrastructure hit by UK drought and weak rupee
Monday 09 Jul 2012
Jersey-incorporated, closed-ended infrastructure investment company 3i saw European portfolio income drop in the first quarter while it continues to be affected by negative foreign exchange movements in India.
RBS quits Dubai Group debt talks, Reuters says
Monday 09 Jul 2012
Royal Bank of Scotland and two other lenders have abandoned talks on restructuring Dubai Group's $10bn debt and threatened to bring unprecedented legal action against the investment vehicle of Dubai's ruler, sources close to the matter have told Reuters.
FTSE 100 movers: Marks and Spencer shares higher
Monday 09 Jul 2012
First-quarter like-for-like (LFL) sales took a tumble at High Street giant Marks and Spencer, though the food business held up well, and full-year guidance remains unchanged, prompting shares to rise.
Broker snap: Investec to lower forecasts for Michael Page
Monday 09 Jul 2012
Investec has placed its 365p target price for Michael Page International under review after the recruitment firm reported a tough trading environment in the second quarter.
London open: Stocks slip ahead of Eurogroup meeting
Monday 09 Jul 2012
- Chinese inflation data increases stimulus speculation - Eurogroup to meet this afternoon - Spanish yields on the up
FTSE 100 movers: BAE rises on rumours
Monday 09 Jul 2012
Defence group BAE Systems was advancing on reports that it could be close to securing a £7.1bn contract with the US Air Force, according to the Sunday Telegraph. Investors are hoping for more deals to be signed at the 2012 Farnborough Air Show which starts today. Sector peer Meggitt was also in demand.
Michael Page reports on tough trading environment
Monday 09 Jul 2012
Michael Page, the FTSE 250 recruitment firm, said it had seen a tough first half and expects more of the same in the third quarter.
Monday newspaper round-up: Merkel, Food inflation, Jobs
Friday 06 Jul 2012
Deputy Bank of England governor, Paul Tucker, will be grilled by MPs over the Libor scandal and whether regulators decided to turn a blind eye to misconduct. The deputy governor of the Bank of England was warned that UK lenders were manipulating interest rates a year before he allegedly gave Barclays “a nod and a wink” to rig its own, in a call with former chief executive Bob Diamond in 2008.
Michael Page reports on tough trading environment
Friday 06 Jul 2012
Michael Page, the FTSE 250 recruitment firm, said it had seen a tough first half and expects more of the same in the third quarter.
Commodities: Oil skids below $85
Friday 06 Jul 2012
Crude oil futures fell below $85 a barrel on Friday after the widely anticipated US jobs report came in weaker than expected, sparking fresh concern about future demand.
FTSE 100 movers: Aviva leaps after Delta Lloyd sale plans
Friday 06 Jul 2012
Having promised on Thursday that it would raise money from disposals, insurance giant Aviva moved quickly to act on that pledge by saying it will sell more of its stake in Delta Lloyd than originally intended, prompting a sharp rise in its share price. Also providing a lift was Societe Generale which upgraded the stock from 'sell' to 'hold'.
Wednesday newspaper round-up: Labour, Annuity rates, Market prices
Friday 06 Jul 2012
Advances in technology are eroding workers’ share of their country’s income, according to a leading think-tank. Automation and computerisation are responsible for as much as 80 per cent of the decline in the so-called “labour share”, which measures wages as a proportion of the total income generated in an economy, the Organisation for Economic Co-operation and Development said. Corporate
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