Editor's Picks
Retail sales improve in June
Tuesday 12 Jul 2011
The retail sales environment improved slightly in June, but conditions remain tough due to consumer caution and shops are having to launch sales to draw in customers, according to the British Retail Council (BRC).
London pre-open: Decline set to continue
Tuesday 12 Jul 2011
With the Dow Jones suffering a triple digit fall in the US last night, traders' screens are expected to be mostly red when the market opens. City sources said the top-share index is expected to open almost 50 points down from last night's close of 5,929.
European setbacks slow Premier's output
Tuesday 12 Jul 2011
Oil outfit Premier Oil moved to assure the market about production targets saying it expects a sharply increased production rate of around 60,000 barrels of oil equivalent per day (boepd) by the end of the year, as its Asian development projects ramp up output.
Thomas Cook to miss expectations
Tuesday 12 Jul 2011
Thomas Cook’s third quarter results will miss expectations as the turmoil in the Arab world and economic weakness in the UK take its toll on the travel operator. The firm said its French operations have been hit particularly hard by the political unrest in countries such as Egypt, Tunisia and Morocco. Operating profit for the three months to 30 June is likely to come in at about £20m,
Tuesday tips round-up: Ladbrokes, Michael Page, Halma
Tuesday 12 Jul 2011
Ladbrokes' shares have suffered this year, by comparison with its main quoted peer, William Hill. One reason for this is William Hill's symbiotic relationship with the gaming IT company Playtech, capitalising on its high quality online and mobile gaming services. The shares do not look expensive, says the Scotsman, which recommends buying the shares.
Italian bond yields at highest for 10 years
Monday 11 Jul 2011
Bond prices of the Eurozone's shakier countries tumbled as fears of debt contagion in Europe's peripheral countries grew.
Disgruntled Cooper threatens to drop Laird bid
Monday 11 Jul 2011
Shares of Laird plunged 7% after U.S. based Cooper Industries threatened to walk away from merger talks at a time when the British company's investors were expecting a sweetened offer.
Murdoch asks for BSkyB bid to be referred
Monday 11 Jul 2011
Media conglomerate News Corporation has effectively asked for its mooted bid for British Sky Broadcasting (BSkyB) to be referred to the Competition Commission by withdrawing plans to spin-off Sky News should it gain full control of the pay-TV operator,
London close: BSkyB, financials provide a drag
Monday 11 Jul 2011
The Footsie dropped over 1% lower on Monday as satellite broadcaster British Sky Broadcasting (BSkyB) and European debt-contagion fears weighed on sentiment. Shares of BSkyB took a tumble as the potential takeover by Rupert Murdoch’s News Corp hangs in the balance. The UK government said it was preparing to ask telecoms regulator Ofcom for additional advice.
Murdoch asks for BSkyB bid to be referred
Monday 11 Jul 2011
Media conglomerate News Corporation has asked for its mooted bid for pay-TV operator British Sky Broadcasting (BSkyB) to be referred to the Competition Commission. The move follows the revelation that the Culture Secretary, Jeremy Hunt, has written to media watchdog Ofcom to see whether its view of the takeover has changed in view of the recent developments.
BSkyB tumbles as News Corp takeover in doubt
Monday 11 Jul 2011
Satellite broadcaster British Sky Broadcasting (BSkyB) saw its share price take a further hit on Monday as uncertainty over the News Corp takeover raged on.
FTSE 100 movers: BSkyB leads fallers, Int'l Power rises
Monday 11 Jul 2011
Shares of BSkyB dropped by6% and was the top loser on the blue chip index on Monday as the potential takeover by Rupert Murdoch’s News Corp hangs in the balance. The UK government said it was preparing to ask telecoms regulator Ofcom for additional advice. The Australian government’s proposal on climate change stoked International Power’s share price as the ...
US preopen: Stocks are being called to open sharply lower
Monday 11 Jul 2011
US stock markets are now being called to open much lower, with average falls of approximately 1.5%, due to the worsening news-flow as regards the crisis in the euro-zone´s periphery and against the backdrop of negotiations to try and resolve the current ‘debt –limit impasse’.
US close: Italian debt fears drag Street lower
Monday 11 Jul 2011
Debt fears in Europe and at home were providing a drag on sentiment on Monday, as US benchmarks suffered a steep decline.
i-design bags second contract with Cardtronics
Monday 11 Jul 2011
Shares of i-design, a supplier of cash machine (ATM) and self-service marketing solutions for the banking industry, rose sharply following the announcement that it had signed a second multi-year contract with US based Cardtronics.
Premium tips: BSkyB, Premier Farnell, Xaar...
Monday 11 Jul 2011
The unprecedented phone-hacking scandal at the News of the World (NOTW) that erupted last week has almost eliminated the bid premium from British Sky Broadcasting's (BSkyB) shares, according to Nomura. Nevertheless, the broker kept its buy rating on BSkyB. However, the target price is scaled back from 1,060p to 1,000p as a result of the company freezing prices until next August to give value to
BSkyB tumbles as News Corp takeover in doubt
Monday 11 Jul 2011
Satellite broadcaster British Sky Broadcasting (BSkyB) saw its share price take a further hit on Monday as uncertainty over the News Corp takeover raged on. Shares lost 47p (6.27%) in the afternoon to trade at 703p, close to the indicative offer price of 700p. At one point, shares fell as low as 693p.
BSkyB tumbles as News Corp takeover in doubt
Monday 11 Jul 2011
Satellite broadcaster British Sky Broadcasting (BSkyB) saw its share price take a further hit on Monday as uncertainty over the News Corp takeover raged on. Shares lost 47p (6.27%) in the afternoon to trade at 703p, close to the indicative offer price of 700p. At one point, shares fell as low as 693p.
The European Union considers Greek default?
Monday 11 Jul 2011
European leaders look as if they are, for the first time, prepared to accept that Athens should default on some of its bonds as part of a new bail-out plan for Greece that would put the country's overall debt levels on a sustainable footing.
US preopen: Stocks are being called to open sharply lower
Monday 11 Jul 2011
US stock markets are now being called to open much lower, with average falls of approximately 1.5%, due to the worsening news-flow as regards the crisis in the euro-zone´s periphery and against the backdrop of negotiations to try and resolve the current ‘debt –limit impasse’.
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