Editor's Picks
Asia report: Asia strong on US data
Monday 04 Jul 2011
Asian markets made a strong start to the week, with the Nikkei up nearly 1 percent at 9,965 (+97 points), a two-month high, while in Hong Kong the Hang Seng hit 22,762, up 364 points, a rise of nearly 1.6 percent.
London midday: FTSE 100 passes 6,000 points
Monday 04 Jul 2011
The top share index is above the 6,000 point mark again as the post-Greek austerity vote rally continues. The rise comes in spite of Standard & Poor´s warning that the voluntary rollover proposed by the French government and accepted by banks for 70% of Greek debt could be considered a “selective default.”
John Menzies to beat expectations as aviation arm flies
Monday 04 Jul 2011
Newspaper distributor and aviation services group John Menzies said it is now set to exceed expectations after seeing the positive start to the year continue.
London pre-open: Seeking direction
Monday 04 Jul 2011
The market looks set to get off to a quiet start and with US markets shut for the Independence Day holiday there is every chance that the placid mood will prevail throughout the day.
Pennon to build 'Energy from Waste' plant
Monday 04 Jul 2011
South West Water owner Pennon’s subsidiary Viridor Waste Management is to build a new plant to generate energy from waste in Devon. The ‘Energy from Waste’ (EfW) plant, to be built at Marsh Barton in Exeter, will process 60,000 tonnes of municipal waste a year and will require Viridor to stump up £45.6m in capital investment.
FX round-up: Dollar down as investors look for risk
Monday 04 Jul 2011
On currency markets a clear shift has taken place in the wake of two crucial Greek votes last week. With the Athens government having managed to force through measures authorising drastic public sector budget cuts investors now seem to have reacquired their appetite for risk
Monday newspaper round-up: Unilever, LSE, Greece
Monday 04 Jul 2011
Unilever hopes that the promise of a real job from the outset will prove more attractive than an investment bank’s pay package in luring top MBA graduates. The maker of Magnum ice cream and Dove soap plans to quadruple the number of workers it hires with the qualification in the next two years to support its continuing drive into emerging markets and to meet its goal of doubling sales, reports
Sunday tips round-up: BHP, Northumbrian Water, Group NBT, wine
Sunday 03 Jul 2011
A growing number of connoisseurs are buying wine not simply to drink but to make money, writes the Mail On Sunday. Potential investors do not have to spend thousands of pounds on a single bottle to participate in this market. Instead, they can use the services of specialists such as Vin-X, Berry Brothers & Rudd or Bordeaux Index to build what is effectively a diversified portfolio of wines.
Sunday newspaper round-up: Npower, LSE, Greece, Northern Rock ...
Sunday 03 Jul 2011
Npower, one of Britain’s biggest electricity suppliers, could be sold for up to £5 billion after its German owner, RWE, hired Goldman Sachs to review its future, The Sunday Times reports. Insiders said RWE is now considering a sale because of its hefty debt burden, the need to invest billions in a new generation of green power stations and a dissatisfaction with British energy policy. An auction
Libyan rebels to discuss African Union proposal
Friday 01 Jul 2011
The Libyan Transitional National Council (TNC) has agreed to take part in peace negotiations as part of an African Union sponsored peace proposal, according to news agency reports. Some TNC members, however, have been quoted as saying that certain conditions must be met before they commit to a cease-fire, and there may yet be other obstacles to be overcome.
Private sector may rescue UK but monetary aid is not far off
Friday 01 Jul 2011
The sudden outburst of job losses in the UK banking sector comes as a rude shock to many, including, possibly, the UK government. While it has been cutting back the public sector as it seeks to reduce Britain’s formidable debt mountain, the British government has been banking on the private sector to pick up the slack, but there must be doubts whether the private sector is up to the job.
Technical analysis: Lloyds to lose the shackles
Friday 01 Jul 2011
Following the recent strong gains by Lloyds Banking, we can see how the stock has been able to break out of the short-term bearish price channel in which it has been trading since April 5. Furthermore, on the day in which the price broke out of the bearish price channel, it left a significant bullish gap at the open, which is always a sign of strength for the underlying move.
Enquest chief exec spends more millions
Friday 01 Jul 2011
A round-up of the biggest director buys today so far.
Premium broker snap: Lloyds on right path to recovery
Friday 01 Jul 2011
The market reacted positively to the strategic review announced by Lloyds Banking Group on Thursday and Nomura Securities has added its voice to the chorus of approval.
Private sector may rescue UK but QE II is still possible?
Friday 01 Jul 2011
The sudden outburst of job losses in the UK banking sector comes as a rude shock to many, including, possibly, the UK government.
US pre-open: In a holding pattern ahead of data
Friday 01 Jul 2011
The main US equity benchmarks are being called to open higher by 0.1% on average, ahead of the release, this afternoon, of several tier-one macroeconomic indicators.
Ofgem slaps £1m on Centrica's British Gas
Friday 01 Jul 2011
Energy regulator Ofgem slapped a £1m penalty on British Gas, a unit of Centrica, for misreporting the amount of electricity supplied under the government’s renewables obligation. Ofgem said the error was caused by incorrect representation of the reporting requirements and insufficient procedures by British Gas, the country’s biggest household energy supplier.
ThyssenKrupp breaks off shipbuilding sale talks
Friday 01 Jul 2011
German steel making and technology group ThyssenKrupp has scrapped a deal to sell its civil shipyards to Abu Dhabi firm Abu Dhabi Mar (ADM).
Broker tips: Premier Foods, Glencore, Rockhopper
Friday 01 Jul 2011
After yesterday's profits warning, Panmure Gordon has slashed its full-year profit estimate for the current year and lowered its target price on Hovis bread and Branston pickle maker Premier Foods.
US preopen: In a holding pattern ahead of data
Friday 01 Jul 2011
The main US equity benchmarks are being called to open higher by 0.1% on average, ahead of the release, this afternoon, of several tier-one macroeconomic indicators.
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