Editor's Picks
San Leon Energy signs deal for Polish exploration
Monday 30 Jun 2014
Oil & gas explorer San Leon Energy has signed a joint venture deal with Palomar Natural Resources (PNR) to explore in Poland's Permian basin.
FTSE 100 movers: Imperial Tobacco rises on Reynolds-Lorillard talks
Monday 30 Jun 2014
Shares in Imperial Tobacco rose strongly after the company confirmed it is discussions with US rivals Reynolds American and Lorillard about the potential acquisition of some of their assets and brands. It is thought that Reynolds and Lorillard, the second- and third-largest cigarette makers in the States respectively, are looking to sell assets in a bid to win over competition authorities ahead
London pre-open: Modest gains ahead of busy week
Monday 30 Jun 2014
With traders set for a busier week than has been seen of late, the FTSE is expected to open around 10 points higher from Friday's close of 6,757.77, as investors gear up for multiple central bank decisions taking place in the next few days.
Sunday newspaper round-up: Bank Rate, State pensions, Baghdad
Friday 27 Jun 2014
Over the longer-term, say five to ten years, it would be reasonable to expect borrowing costs to rise back to their pre-recesssion levels, of about 5%, but "it's probably quite a long way down the road" outgoing Bank of England Deputy Charlie Bean told Sky News in an interview. That comes after Governor Carney recently asked investors to focus on the big picture, namely that rates were likely to
Monday newspaper round-up: Bank Rate, Income tax, Cameron
Friday 27 Jun 2014
Interest rates are likely to hit 5% within a decade, according to the outgoing Bank of England deputy governor for monetary policy. Sir Charlie Bean said it would be "reasonable" to expect borrowing costs to return to pre-recession levels in the long term – between five and 10 years. - The Guardian
London close: TUI and housebuilders help FTSE end higher
Friday 27 Jun 2014
London-listed stocks rose in this afternoon's trading to end higher, lifted by strong consumer confidence data, a long-awaited merger between TUI Travel and its parent company, and positive broker comments on the housebuilding sector.
US pre-open: Stocks to extend losses on rate-hike fears
Friday 27 Jun 2014
US stocks were expected to extend losses on Friday as investors focus on concerns about monetary policy on a quiet day in terms of economic data.
BAE Systems restructures Saudi Arabian businesses
Friday 27 Jun 2014
Defence group BAE Systems is launching a shake-up of its businesses in Saudi Arabia.
London midday: Mixed global data limits upside on the FTSE 100
Friday 27 Jun 2014
London equities were making small gains on Friday but had come off their highs after a host of mixed global economic data, while US stock futures turned lower.
FX round-up: Dollar slips as investors overlook consumer confidence report
Friday 27 Jun 2014
The dollar encountered headwinds against major currencies on Friday despite the release of an upwardly revised US consumer confidence report.
Commodities: Crude slips as Iraq export worries dissipate
Friday 27 Jun 2014
US oil futures settled slightly lower on Friday as worries over potential disruptions to Iraq’s oil exports faded and investors weighed up data that showed US crude stockpiles rose in the last week.
London open: UK stocks gain ahead of GDP revision, Imagination slumps
Friday 27 Jun 2014
London stocks opened tentatively on Friday morning, with small gains being registered ahead of the final revision to UK gross domestic product (GDP) estimates for the first quarter.
Ultra Electronics scores deal for door system on A350 aircraft
Friday 27 Jun 2014
The Controls business of Ultra Electronics has landed a deal to design and supploy an electrical ground door opening system for the new A350 aircraft.
Ultra Electronics scores deal for door system on A350 aircraft
Friday 27 Jun 2014
The Controls business of Ultra Electronics has landed a deal to design and supploy an electrical ground door opening system for the new A350 aircraft.
United Utilities plans to cut household bills by up to 2.3% over five years
Friday 27 Jun 2014
United Utilities, the UK's largest listed water company, has submitted a revised 2015-20 business plan to regulators that includes a proposal to cut average household bills by as much as 2.3% in real terms over the period.
Sports Direct dismisses Office takeover rumours
Friday 27 Jun 2014
FTSE 100 sports retailer Sports Direct said following recent press speculation, it is not considering an offer to acquire specialist footwear retailer Office.
BP to pay at least $1.5bn to Rosneft in supply deal
Friday 27 Jun 2014
Oil majors BP and Rosneft have signed a long-term contract which will see the British group pay at least $1.5bn upfront for the supply of oil from the Russian company.
Europe midday: EU extends credit to Bulgaria in bid to avoid bank run
Friday 27 Jun 2014
European stocks were moving lower come midday following news that the European Commission had approved a £1.4bn credit facility to Bulgaria following runs last week on two of the country’s lenders, First Investment and Corporate Commercial Bank.
SuperGroup regains Scandinavian trading rights after buying distributor
Friday 27 Jun 2014
SuperGroup has regained the rights to trade in Denmark, Norway and Finland after acquiring the SMAC Group, its long-term Scandinavian distributor.
UK consumer confidence at highest since 2005
Friday 27 Jun 2014
Britons were at their most optimistic in nine years this month, according to GfK's consumer confidence survey, raising the hopes for solid economic growth in the second quarter.
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