Editor's Picks
Europe close: Late bounce boosts bourses
Thursday 11 Aug 2011
A sharp afternoon rally helped the major benchmark indices in Europe to post gains of 2.5-3.5% on the back of a strong start on Wall Street. The STOXX Europe 600 jumped 3.16%, the highest rise since May 2010, as bargain hunters rushed in after the recent sell-off.
Britain able to cope with 'market turbulence', says Osborne
Thursday 11 Aug 2011
George Osborne stood behind the government’s deficit reduction progamme on Thursday, but warned that the “huge overhang of debt” means that the global recovery will take “longer and be harder than had been hoped”.
London close: Stocks rally after strong start in US
Thursday 11 Aug 2011
The volatile trading continued on Thursday as losses were turned into gains in London on the back of a rally on Wall Street. A steep rise was seen after midday erased earlier losses and helped the Footsie to finish near its highs for the day. Equities were on the rise in morning trade in New York as an unexpected drop in jobless claims provided some respite ...
Third of shoppers have no spare cash, says BRC
Thursday 11 Aug 2011
A record high of nearly one in three consumers say they have no spare cash, according to the retailers’ representative the British Retail Consortium (BRC).
US open: Jobs data drives strong start
Thursday 11 Aug 2011
Equities were on the rise in early morning trade in New York on Thursday as an unexpected drop in jobless claims provided some respite from the ongoing global economic concerns. The number of Americans claiming jobless benefits fell by 7,000 to 395,000 in the week to August 6 against expectations of a slight rise.
US open: Jobs data drives strong start
Thursday 11 Aug 2011
Equities were on the rise in early morning trade in New York on Thursday as an unexpected drop in jobless claims provided some respite from the ongoing global economic concerns.
US jobs boost dents bonds
Thursday 11 Aug 2011
Government debt was out of favour after a better than expected jobs report from the US.
Swiss National Bank considers euro peg
Thursday 11 Aug 2011
The Swiss franc is losing momentum against the euro after Swiss National Bank (SNB) Vice President, Thomas Jordan, said that a temporary peg of the franc could be feasible in the near future.
Broker tips: BBA Aviation, Hays, Grainger
Thursday 11 Aug 2011
Charles Stanley has highlighted some short-term turbulence at BBA Aviation following the recent share price decline, but has kept its buy rating on the aviation support and aftermarkets services provider expecting long-term structural growth.
Premium broker snap: UBS upgrades IHG to neutral
Thursday 11 Aug 2011
UBS has upgraded its rating on FTSE 100 hotel operator InterContinental Hotels Group (IHG) from sell to neutral, saying that the shares are now up with events.
Europe open: Buyers return in force
Thursday 11 Aug 2011
Bargain hunters are out in force after yesterday's shake-out, with French banks leading the way, as they claw back a proportion of Wednesday's losses.
Premier Foods' new boss rolls up his sleeves
Thursday 11 Aug 2011
The man tasked with turning around the fortunes of Premier Foods will begin work two weeks early. The manufacturer of household brands such as Hovis Bread, Branston Pickle and Sharwoods announced in July that Mike Clarke would take over from the current chief executive Robert Schofield. Clarke has now decided to start work on Tuesday, ...
Broker snap: UBS impressed with Hays's international presence
Thursday 11 Aug 2011
UBS has upgraded FTSE 250 recruitment firm Hays from neutral to buy, saying that while short- and medium-term macro concerns are rising, the group still has good growth prospects in the long-term.
Avanti wins new contract with Novasoft
Thursday 11 Aug 2011
Satellite operator Avanti Communications has won a contract with Spain-based Novasoft.
Asia: Nerves on French downgrade rumours
Thursday 11 Aug 2011
Concern about European debt took the Nikkei 1.3% lower on Thursday as focus shifted to France's vulnerability to the crisis.
Cobham awarded £10m contract with the MoD
Thursday 11 Aug 2011
Defence products group Cobham has been awarded a four year contract for the provision of a flight inspection service to the UK Ministry of Defence (MoD).
London open: Lloyds and RBS miss out on rally
Thursday 11 Aug 2011
London has ignored last night's shake-out on Wall Street and is approaching triple-digit gains, though banks are left in the cold amid continuing Eurozone worries.
Market overview: Strong start for Footsie
Thursday 11 Aug 2011
0826: Paying no heed to Wall Street's dive overnight, London's blue-chips have opened sharply higher, with the Footsie just inches from notching up a triple digit gain. FTSE 100 is up 99 at 5,106. It appears that London got its pull-back out of its system yesterday afternoon.
Cash rich Anglo Pacific hikes divi
Thursday 11 Aug 2011
Anglo Pacific notched up a record level of royalty income in the first half of 2011, despite adverse weather conditions in Australia. The global natural resources royalties company said royalty income in the first half of the year rose to £16.4m from £15.7m in the first half of last year. Second quarter royalty income was lower year-on-year, however, at £6.5m compared to £11.1m last year.
Morgan Sindall wins contract worth £115m
Thursday 11 Aug 2011
Morgan Sindall, the construction and regeneration group, has secured a major regeneration scheme contract in Chester city centre, with a total development value of approximately £115m.
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