Editor's Picks
Simon pulls Capital Shopping offer
Tuesday 11 Jan 2011
US shopping mall giant Simon Property has dropped its indicative bid for Capital Shopping Centres but will still vote against the 'deeply unattractive' acquisition of Manchester's Trafford Centre. Simon had proposed a bid of 425p per share for the shopping centre group, but this was conditional on being given access to the books.
Howden raises guidance again
Tuesday 11 Jan 2011
Having raised market expectations back in November Howden Joinery did so again on Tuesday after it put in a strong finish to 2010.
Dunelm has difficult Christmas
Tuesday 11 Jan 2011
Bedding and home furnishings retailer Dunelm had a tough time during the run up to Christmas, damaging sales and profits, while rising costs and consumer demand remain a concern.
Portugal bonds climb amid reports of ECB buying
Tuesday 11 Jan 2011
Portuguese bonds reversed declines after reports that the European Central Bank (ECB) has been buying the country’s debt.
Simon pulls Capital Shopping offer
Tuesday 11 Jan 2011
US shopping mall giant Simon Property has dropped its indicative bid for Capital Shopping Centres but will still vote against the 'deeply unattractive' acquisition of Manchester's Trafford Centre. Simon had proposed a bid of 425p per share for the shopping centre group, but this was conditional on being given access to the books.
Ocado needs to maintain momentum
Monday 10 Jan 2011
If Ocado is to become a profitable company it will need to maintain strong sales growth for the next few years, so today’s numbers for Christmas trading will be welcome.
Portugal bonds climb amid reports of ECB buying
Monday 10 Jan 2011
Portuguese bonds reversed declines after reports that the European Central Bank (ECB) has been buying the country’s debt.
Persimmon profits at 'top end'
Monday 10 Jan 2011
Underlying profits at housebuilder Persimmon will be at the top end of expectations, a good send off for chairman John White who’s retiring after 32 years at the company.
Ocado delivers Q4 sales surge
Monday 10 Jan 2011
Online grocer Ocado said gross sales in the final quarter of 2010 increased 27.4% as it delivered nearly all its orders despite treacherous weather conditions.
Smith & Nephew in J&J sights
Monday 10 Jan 2011
Shares in artificial joint specialist Smith & Nephew jumped more than 10% after widespread reports that it rejected a bid approach from giant US rival Johnson & Johnson just before Christmas. J&J is said to have offered about 750p per share, valuing the knee joint maker at almost £6.7bn. The shares closed on Friday at 650p.
Facebook flotation frenzy
Friday 07 Jan 2011
With privately held social networking site Facebook reportedly set to have more than 500 shareholders by the end of this year the company will soon be obliged to start being more open about its finances and strategic plans, leading many to wonder whether the company will therefore decide to go the whole hog and go public.
Car industry set for another year of two halves
Friday 07 Jan 2011
Car sales slowed sharply in the second half of 2010 and remain under pressure but should pick up in the last six months of this year, according to the industry body the Society of Motor Manufacturers and Traders (SMMT).
Christmas shopping winners and losers
Friday 07 Jan 2011
The Christmas shopping season this year was hit by the extreme winter conditions in December, but some retailers have prospered, suggesting that those that performed poorly may be using the bad weather to mask other problems.
Asian growth lifts Robert Walters
Friday 07 Jan 2011
Strong growth in the Far East, and China in particular, helped white collar recruiter Robert Walters lift fourth quarter gross profits by 42%, making an increase of 49% for past year overall.
Christmas shopping winners and losers
Friday 07 Jan 2011
The Christmas shopping season this year was hit by the extreme winter conditions in December, but some retailers have prospered, suggesting that those that performed poorly may be using the bad weather to mask other problems. The snow failed to stop Britons stocking up on the really important things this Christmas.
Broker tips for 2011
Thursday 06 Jan 2011
Analysts are predicting a bullish year for the UK market on hopes a global economic recovery will kick in. Here are a few of the companies brokers think will lead the advance.
Costain back with £152m bid for Mouchel
Thursday 06 Jan 2011
Construction and engineering group Costain has returned to the table with what it terms ‘a significantly enhanced proposal’ to take over contractor Mouchel.
Hays enjoys international surge
Thursday 06 Jan 2011
Recruitment giant Hays grew net fees by more than a fifth during its second quarter as rapid growth at the international business made up for a drab performance in the UK.
Retailers blame weather for profit warnings
Thursday 06 Jan 2011
Updates on trading over the unusually wintery Christmas period from retailers so far suggest that the sector can be divided into four categories: helped by the snow; hurt by the snow, but not too severely; performed well in spite of the snow; and hit hard by the weather, which may be masking more lasting problems.
Bullish start to 2011, but watch the stats
Wednesday 05 Jan 2011
London rallied 9% in 2010 and investors will be hoping for another big payday from what stock market historians call the “January effect”.
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