Editor's Picks
i-design bags second contract with Cardtronics
Monday 11 Jul 2011
Shares of i-design, a supplier of cash machine (ATM) solutions for the banking industry, rose sharply following the announcement that it had signed a second multi-year contract with US based Cardtronics. Cardtronics has acquired a licence to incorporate i-design's new marketing software, 'joono', into its own offering on a global basis. Cardtronics operates over 37,000 ATMs across the world.
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
UK-focused firms placing more emphasis on cash flow
Monday 11 Jul 2011
One-in-three finance directors now believes that the UK economy will fall back into recession, according to the survey of FTSE 100 and 250 companies carried out by business consultancy Deloitte. The survey revealed a much higher level of caution among those companies predominantly focused on the UK market.
Broker tips: Int'l Power, Michael Page, Marston's
Monday 11 Jul 2011
Matrix has kept its hold stance on electricity company International Power following the proposal by the Australian government to implement a carbon tax starting at A$23 per tonne.
Europe midday: Banks slide on contagion fears
Monday 11 Jul 2011
The debt contagion rumour cannon has switched its sights from Portugal and Spain, and is now pointing in the direction of Italy, causing panic in the banking community.
Europe slows Renault's sales growth
Monday 11 Jul 2011
Renault closed the first half of the year with global vehicle sales growth of 1.9%, year-on-year, to 1.37 million units, despite a decline of 50,000 sales in Europe on economic weakness.
Intl. Power energised by Australia's climate change plan
Monday 11 Jul 2011
The Australian government’s proposal on climate change has stoked International Power’s share price as the electricity generating company said the plan is expected to be cash flow positive and earnings neutral in the first five years. Companies with brown-coal fired power generators will be given a line of carbon credits and loan guarantees for an initial 5 years, plus a one off cash payment.
Premium broker snap: NOTW scandal eliminates BSkyB's bid premium, says Nomura
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.
Credit Suisse cuts 2011 UK GDP estimate and ECB rate forecasts
Monday 11 Jul 2011
Analysts at Credit Suisse have cut their 2011 UK gross domestic product (GDP) growth estimate to 1.5%, from 2.0% previously.
FX round-up: EU contagion fears, US jobs hurt euro
Monday 11 Jul 2011
The euro fell against major rivals on Friday amid fears about euro zone's debt crisis spreading and after disappointing US jobs data.
Chinese trade surplus bulges on lower import demand
Monday 11 Jul 2011
The Chinese trade surplus rose to $22.3bn in June, from $13.1bn in May, and versus consensus expectations for a rise to $14.2bn.
Australia's carbon tax scheme unfair, says Rio Tinto
Monday 11 Jul 2011
Mining giant Rio Tinto has voiced its disappointment over Australia's carbon tax proposal, joining the sector's warning that the plan would hinder investment and jobs growth in the nation's mining industry.
CKI indicates 465p per share bid for Northumbrian
Monday 11 Jul 2011
Hong Kong infrastructure group Cheung Kong has made a non-binding indicative proposal to bid for UK water and waste management group Northumbrian Water, offering 465p cash per share plus the right to retain the recently declared net final dividend of 9.57p.
Intl. Power energised by Australia's climate change plan
Monday 11 Jul 2011
The Australian government’s proposal on climate change has stoked International Power’s share price on Monday as the electricity generating company said the plan is expected to be cash flow positive and earnings neutral in the first five years. Under the proposed plan, companies with brown-coal fired power generators will be given a line of carbon credits
Monday newspaper round-up: Greek default, News Corp., Italy...
Monday 11 Jul 2011
European leaders 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. The new strategy, to be discussed at a Brussels meeting of eurozone finance ministers on Monday, could also include new concessions by Greece’s European lenders...
Sunday tips round-up: Reckitt Benckiser, Dunelm, European Goldfields
Sunday 10 Jul 2011
Reckitt Benckiser, the Cillit Bang and Durex maker was said to be in the sights of Unilever or US peer Procter & Gamble. Questor from the Sunday Telegraph takes such talk with a pinch of salt. Not only has this speculation been around for some time, analysts reckon that such a move by either company could be derailed by anti-trust issues.
Sunday newspaper round-up: Murdoch, UK GDP, US budget...
Sunday 10 Jul 2011
Rupert Murdoch may sell his entire newspaper empire in Britain, but he will not walk away from his more profitable pay-TV interests and remains committed to acquiring BSkyB, according to City sources. The tycoon’s son James, the publisher of his British titles, shut the News of the World last week in the wake of the phone hacking scandal. The newspaper published its last edition today.
US close: Partial recovery from jobs shock
Saturday 09 Jul 2011
US markets were sent into decline by disappointing jobs data, and although prices finished well off their lowest levels, the week still ended on a dull note.
US midday: Stocks stuck in the red after jobs shock
Friday 08 Jul 2011
Stocks are still on the back foot after disappointing jobs data.
London close: BSkyB leads slide after US jobs disappointment
Friday 08 Jul 2011
Stocks finished firmly in the red after disappointing jobs data from the US, with satellite broadcaster BSkyB leading the slide as the fallout from the News of the World phone hacking scandal continues.
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