Editor's Picks
Broker snap: Aggreko rises as Goldman Sachs reiterates its buy rating
Friday 17 Jun 2011
Temporary power provider Aggreko is now trading up 1.2% on the FTSE-100, to the 1,888p mark, as Goldman Sachs has raised its target price on the firm ahead of a trading update on Monday.
Broker snap: UBS downgrades Laird to 'neutral'
Friday 17 Jun 2011
UBS has downgraded electrical components manufacturer Laird to ‘neutral’, from ‘buy’, after the group rejected Cooper’s takeover proposal on Thursday.
Provexis hurt by R&D costs, acquisition fails to inspire
Friday 17 Jun 2011
Medical food and dietary supplement developer Provexis reported a wider pre-tax loss, hurt by increased research and development expenses, while its plans to acquire a sports nutrition products manufacturer failed to inspire investors.
Testing at Ontario well underway, Solo Oil says
Friday 17 Jun 2011
Oil and gas explorer Solo Oil said its Canadian joint venture partner Reef Resources has begun testing at the Ausable #5 well in south western Ontario.
Balfour Beatty buys US water infrastructure contractor
Friday 17 Jun 2011
Infrastructure specialist Balfour Beatty said its United States unit has acquired Fru-Con Construction, a water and wastewater infrastructure contractor, for £12m, in an attempt to expand its presence in the growing US water market.
Premium broker snap: UK banking regulation a concern for UBS
Friday 17 Jun 2011
Regulatory concerns have led UBS to slash its target prices for UK banks by 15% across the board.
IndigoVision plummets as growth slows
Friday 17 Jun 2011
The share price of IndigoVision, the internet video security company, fell by almost a third on Friday after the group warned that sales for the full year will fall short of its expectations.
Euro Zone periphery crisis news round-up
Friday 17 Jun 2011
The Financial Times points out today on its front page how Spanish long-term bond yields yesterday reached September 2000 highs, in spite of a deal between the European Union and the International Monetary Fund that reduced the chance of an imminent default by Athens. One of its columnists, James Mackintosh, also comments how the rise seen in Spanish borrowing costs hurts the Euro.
Europe open: Greek worries escalate
Friday 17 Jun 2011
Traders' screens are once again a sea of red, as concerns about the Greek debt crisis escalate.
US close: Economic data spurs late rally
Friday 17 Jun 2011
A late rally helped benchmark indices in the US to finish mostly higher as positive news from housing market data and jobless claims buoyed sentiment after a lunchtime sell-off.
London open: More losses as Greek crisis continues
Friday 17 Jun 2011
Share prices continue to head south as the Greek debt crisis rumbles on. Sentiment has not been helped by comments from Alan Greenspan, former Federal Reserve chairman, who said that Greece is "almost certain" to default on its loans which would push the US economy towards recession. In corporate news, chipmakers are in focus.
Capital Pub spurns Fuller's offer
Friday 17 Jun 2011
London-based pub operator Capital Pub Company has rejected a takeover proposal from its bigger rival Fuller, Smith and Turner.
ARM buys US partner
Friday 17 Jun 2011
Cambridge based chip designer ARM is to buy long time collaborator Obsidian Software, a US firm specialising in verification and validation used in the design of increasingly complex processors.
Friday tips round-up: Premier Farnell, Victoria, Sodastream
Friday 17 Jun 2011
Premier Farnell’s share price had risen by more than 50% since the start of 2010 before yesterday’s 9% fall, so a correction was probably inevitable as soon as the electronics distributor undershot the market’s forecasts. Though Asian markets such as China, sales up 14%, and India, up 50%, continue to grow strongly, the Singaporean and Malaysian businesses disappointed, in part because management
H&T to beat expectations as gold price shines
Friday 17 Jun 2011
Pawnbroker H&T expects profits for the first half to beat expectations after a strong start to the year.
Laird to close handset antenna business
Friday 17 Jun 2011
Electrical components manufacturer Laird is to exit its underperforming handset antenna business, the company announced the day after it rejected an offer proposal from US rival Cooper Industries.
London pre-open: Southern trek to continue
Friday 17 Jun 2011
London share prices are set to continue to head south as the Greek debt crisis rumbles on. Sentiment has not been helped by comments from Alan Greenspan, former Federal Reserve chairman, who said that Greece is "almost certain" to default on its loans and that a default would push the US economy towards recession.
London pre-open: Southern trek to continue
Friday 17 Jun 2011
London share prices are set to continue to head south as the Greek debt crisis rumbles on. Sentiment has not been helped by comments from Alan Greenspan, former Federal Reserve chairman, who said that Greece is "almost certain" to default on its loans and that a default would push the US economy towards recession.
Friday tips round-up: Premier Farnell, Victoria, Sodastream
Friday 17 Jun 2011
Premier Farnell’s share price had risen by more than 50% since the start of 2010 before yesterday’s 9% fall, so a correction was probably inevitable as soon as the electronics distributor undershot the market’s forecasts. Though Asian markets such as China, sales up 14%, and India, up 50%, continue to grow strongly, the Singaporean and Malaysian businesses disappointed, in part because management
Friday newspaper round-up: Greece, Standard Chartered, Santanter
Friday 17 Jun 2011
The economic crisis in Greece threatens the survival of the euro, the common destiny of Europe and its peace and stability, President Sarkozy of France said yesterday. Europe’s two most powerful leaders, Mr Sarkozy and Angela Merkel, the German Chancellor, meet today to try to save the single currency from destruction, says the Times.
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