Editor's Picks
Barratt Developments hitting top end of expectations
Thursday 10 Jul 2014
Pre-tax profits at Barratt Developments will hit the top end of analyst expectations, the company boasted in a pre-close statement, as an 8.6% increase in housing completions accompanied a 13% jump in selling prices.
AB Foods ups profit guidance as Primark sales accelerate in Q3
Thursday 10 Jul 2014
Primark owner and food ingredients group Associated British Foods (ABF) has raised its profit guidance for the full year as strong growth at the value fashion retailer outweighed weakness elsewhere.
FX rates worsen at Burberry but underlying retail growth picks up
Thursday 10 Jul 2014
High end British fashion group Burberry saw underlying growth in retail sales pick up in the first quarter, but warned that currency headwinds have increased.
London pre-open: Modest rise after Fed minutes, ahead of BoE rate decision
Thursday 10 Jul 2014
A modest rise is expected amongst London's blue chips this morning, tracking stronger gains seen across the Pond last night following the release of the Federal Reserve’s minutes from its meeting last month.
Thursday newspaper round-up: LSE, Lufthansa, Bank of England
Wednesday 09 Jul 2014
Qatar Holding is to trim its 15% stake in the owner of the London Stock Exchange by a third ahead of a $1.6bn rights issue by the British bourse to fund its acquisition of Russell Investments. The Middle East investor on Wednesday night instructed Citigroup and Bank of America Merrill Lynch to sell a 4.83% stake in LSE Group in an overnight accelerated bookbuild process. The sale is expected to
Panmure calls for £55 Shire bid from AbbVie after "inadequate" offer
Wednesday 09 Jul 2014
Following an improved offer of £51.15 for Shire from US suitor AbbVie, broker Panmure Gordon examined the case for whether a bid nearer £60 would be out of the question.
US close: Unswerving Fed minutes drive small rally
Wednesday 09 Jul 2014
US stocks rallied as investors read the tea leaves of the Federal Reserve’s minutes from its meeting last month, which indicated that officials were sanguine about holding their current policy course.
Technical analysis: Crunch time for BHP Billiton shares
Wednesday 09 Jul 2014
Has BHP Billiton’s latest attempt to break through £20 been thwarted? This level has stalled all attempts by the share price to break high since May 2013, when the first try was made.
Sainsbury sticks to plans to compete with discounters
Wednesday 09 Jul 2014
Sainsbury will remain focused on fresh produce and its own premium food brand to compete with discounters, according to the supermarket’s new Chief Executive Officer (CEO) Mike Coupe.
Qatar set to slash LSE stake by a third
Wednesday 09 Jul 2014
Qatar Investment Authority (QIA) is reportedly intending to cut its 15% stake in the London Stock Exchange Group (LSE) by a third.
Broker tips: Shire, Admiral, TSB, Provident Financial
Wednesday 09 Jul 2014
Following an improved offer of £51.15 for Shire from US suitor AbbVie, broker Panmure Gordon examined the case for whether a bid nearer £60 would be out of the question.
US pre-open: FOMC minutes, Alcoa in focus as stock futures edge higher
Wednesday 09 Jul 2014
Stock futures in the States were showing small gains of around 0.1% ahead of the opening bell on Wednesday as markets paused for breath after two straight days of losses.
London to be crowned most popular city in 2014
Wednesday 09 Jul 2014
The UK capital is set to become the most popular city in the world, according to the Mastercard Global Destination Cities Index.
London midday: FTSE 100 extends losses as insurers and retailers fall
Wednesday 09 Jul 2014
UK stocks were heading for their worst finish in over two and a half months on Wednesday as investors showed caution ahead of minutes of the latest Federal Reserve meeting.
AbbVie retracts shareholder support claims for Shire bid
Wednesday 09 Jul 2014
US drugmaker AbbVie has sought to clarify that it had not received implicit shareholder support for its improved £30bn bid for Dublin-based rival Shire.
Nike snubs Manchester Utd kit deal as no longer "good value"
Wednesday 09 Jul 2014
Sportswear giant Nike has refused to extend its kit supply deal with Manchester United as it was no longer good value for shareholders, leaving Germany's Adidas and US-based Warrior to compete for a possible £60m-a-year contract.
UK retail sales fell in June, BRC reveals
Wednesday 09 Jul 2014
UK retail prices fell in June, driven by cheaper electricals, furniture and clothes, according to a report on Wednesday.
Centamin sticks with guidance ahead of H2 ramp-up
Wednesday 09 Jul 2014
Centamin has held on to its full-year production guidance for its flagship Sukari gold mine in Egypt, saying that levels should ramp up in the second half.
888 rolls higher on 'significant' earnings hike
Wednesday 09 Jul 2014
First-half earnings will be "significantly" ahead of the prior year, online gaming group 888 revealed in a pithy trading update on Wednesday.
London open: Admiral leads markets lower as investors await Fed minutes
Wednesday 09 Jul 2014
UK stocks fell for a third straight day on Wednesday as investors continued to show caution after the recent rally, with the focus on minutes of the latest Federal Reserve meeting due out this evening.
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