Editor's Picks
British Airways to face 20 days of strikes
Monday 10 May 2010
British Airways is to be hit by another 20 days of strike action after the cabin crew’s union Union said members voted in favour of industrial action.
Centrica still positive on earnings oulook
Monday 10 May 2010
Centrica remains positive about the earnings outlook for 2010 as British Gas has added over 200,000 residential energy accounts so far this year and the upstream UK business maintains production targets.
Markets surge as EU agrees €720bn bail-out fund
Monday 10 May 2010
Equity markets across Europe soared in early dealings as investors reacted with relief to a huge financial package to stabilise the eurozone thrashed out over the weekend. EU ministers and IMF agreed to put together a €720bn stability fund, while the European Central Bank also agreed to buy government and other bonds on the open market
Tories and Lib Dems hold power-sharing talks
Sunday 09 May 2010
Negotiations between the Conservatives and Liberal Democrats are continuing on Sunday as both sides attempt to strike a deal on a coalition government before markets open tomorrow. The Financial Times reports the David Cameron has offered Lib Dem leader Nick Clegg cabinet seats as he seeks to secure a stable government in “the national interest”.
Fundamentalist Five: High yield stocks also hit
Friday 07 May 2010
The market has taken a bath this week as fears over Greek debt contagion grow, while the inconclusive result of the UK general election has not helped. It’s the sort of scenario where a high yield portfolio such as the Fundamentalist Five might be expected to outperform, but that’s not really been the case.
RBS makes Q1 operating profit
Friday 07 May 2010
Part-nationalised lender Royal Bank of Scotland moved into profit at the operating level during the first quarter of 2010 as impairment charges fell, although there was still a small pre-tax loss.
Rockhopper tests show Falklands strike is oil
Friday 07 May 2010
Rockhopper Exploration has found that samples recovered from a test well in waters off the Falkland Islands have all shown to be oil, indicated a good quality reservoir and a mobile crude oil.
Premium broker tips: Shire target price lifted
Friday 07 May 2010
Companies covered so far today include: Shire
Consumer stocks nervous ahead of election
Thursday 06 May 2010
If David Cameron is wondering what kind of economic conditions he will inherit should become Prime Minister after today’s election, he may like to peruse some recent company updates.
Timeline: European debt crisis
Thursday 06 May 2010
Timeline
Greek parliament to vote on austerity measures
Thursday 06 May 2010
Greece's parliament is due to vote on hefty spending cuts in a bid to secure the multi-billion euro aid package from the EU and IMF.
Premium broker tips: Pru ‘in-play’
Thursday 06 May 2010
Prudential’s ambitious £23bn purchase of AIG's Asian (AIA) businesses may be about to crash, but shareholders could be in for a windfall if Resolution comes knocking, says one broker.
Smith & Nephew posts 27% jump in profit
Thursday 06 May 2010
Medical devices firm Smith & Nephew posted a better than expected 27% jump in first quarter profit and said it is on the right track for the rest of the year.
UK ends up with hung parliament
Thursday 06 May 2010
A frantic round of horse trading will begin within the next few hours as the UK general election looks like producing the widely-anticipated “hung parliament”. The Tories are on course to be the largest party but set to fall short of a majority, as David Cameron's party failed to take many key target seats. Sterling slumped to its lowest level against the dollar in over a year
M&S FD named new CEO of Punch Taverns
Wednesday 05 May 2010
Pubs group Punch Taverns today appointed Ian Dyson, the finance director of Marks & Spencer, as the pub group’s new chief executive.
Euro, shares fall amid contagion fears
Wednesday 05 May 2010
Concerns about the stability of Greece sent Europe’s main markets and the euro spinning lower again on Wednesday after three people died in a fire in Athens started by protestors against planned austerity measures. The euro sank against the dollar and shares in Frankfurt and Paris closed in negative territory
JD Wetherspoon reassesses growth plans
Wednesday 05 May 2010
One of the themes of the pub sector over the last couple of years has been the demise of landlord owned pubs and the rise of centrally-managed branded chains.
Pru forced to delay record rights issue
Wednesday 05 May 2010
Insurer Prudential has had to postpone publication of its prospectus detailing the terms of its $21bn (£14bn) rights issue to fund the $35.5bn (£23bn) acquisition of AIG's Asian (AIA) businesses. The UK firm was due to release its timetable today, but it’s still in discussions with the City regulator about the takeover, especially the enlarged group’s capital position
Timeline: European debt crisis
Wednesday 05 May 2010
Timeline:
Merkel urges Germany to support Greece
Wednesday 05 May 2010
German chancellor Angela Merkel has defended her support for the international aid package for debt-stricken Greece, saying the rescue plan was “about nothing less than the future of Europe and Germany’s role within Europe.”
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