Editor's Picks
Taylor Wimpey prices up 9%
Thursday 29 Apr 2010
Taylor Wimpey has lifted selling prices of homes in the UK by 9% since January as the housing market continues to recover.
HMV Q4 sales drop, to meet FY forecast
Thursday 29 Apr 2010
Music retailer HMV reported a sharp decline in fourth quarter like for like sales but said it was on track to meet full year forecasts.
HD TV drives Sky growth
Thursday 29 Apr 2010
Pay TV and Internet service provider British Sky Broadcasting (BSkyB) saw subscriber numbers improve by 62,000 in the first three months of 2010, with average revenue per user up 11%. The net increase in subscribers was higher than the 55,000 additions predicted by Deutsche Bank in what is traditionally a quiet quarter for BSkyB, but lower than the 80,000 net increase n the first quarter of 2009.
S&P downgrades Spain's rating by one notch
Wednesday 28 Apr 2010
Standard & Poor’s (S&P) cut its long-term sovereign credit rating on Spain, saying the country is likely to see an extended period of subdued economic growth. The credit ratings agency lowered its stance by one notch to AA from AA-plus and said its outlook is negative. “We now project that real GDP growth will average 0.7 percent annually in 2010-2016, versus
BATS still has growth potential
Wednesday 28 Apr 2010
Smoking is becoming increasingly unfashionable and the same might be said of investing in the tobacco sector.
Greek debt restructuring 'not an option', EU
Wednesday 28 Apr 2010
A restructuring of Greece's debt or that of any other euro zone country is “not an option”, a European Union executive insisted on Wednesday. Amadeu Altafaj, spokesman for European Union Economy Commissioner Olli Rehn, told a news briefing in Brussels: “Debt restructuring for Greece, or for any euro area member state is not an option and is not part of the talks in Athens.”
Greece crisis rattles global markets
Wednesday 28 Apr 2010
News that Standard & Poor’s downgraded Greece’s credit rating to junk is rattling global markets for a second day. Standard & Poor’s cut Greece’s rating on short-term debt to BB+ from BBB+, while the long-term rating has been lowered to B from A-2 just before the end of the trading session yesterday, triggering a freefall
Oil price rally boosts Shell earnings
Wednesday 28 Apr 2010
The recovery in the oil price helped oil giant Royal Dutch Shell post a forecast-beating rise in earnings in the first quarter of 2010. Earnings jumped to $4.9m on a current cost of supplies (CCS) basis, from $3.3bn over the same period the previous year. This was well ahead of expectations of about $4.2bn. The company announced a first quarter dividend of $0.42, as expected.
Mixed fortunes at Home Retail
Wednesday 28 Apr 2010
Sales rose but underlying profits fell last year at Home Retail as weak consumer spending and higher product costs put pressure on margins at Argos, though Homebase staged a recovery.
Premium broker tips: Lloyds impresses analysts
Wednesday 28 Apr 2010
Lloyds Banking Group moved into profit during the first quarter of 2010, sooner than the market expected, thanks to a significant downward trend in impairments.
Senate grills bankers
Tuesday 27 Apr 2010
Four bankers, including Fabrice Tourre, the executive director named in the fraud case brought against Goldman Sachs by the Securities and Exchange Commission (SEC), were accused today of attempting to stonewall an investigation by a Senate panel into the investment bank’s role in the financial crisis of 2008.
Ferrochrome rally not the full story for IFL
Tuesday 27 Apr 2010
If you believe that countries such as China will continue to fuel global economic growth, you are likely to see metals as an attractive investment.
Greece downgraded to junk, Portugal cut
Tuesday 27 Apr 2010
Greece’s credit rating has been downgraded to junk by Standard and Poors, while the credit agency also cut its rating on the Portuguese government debt
Premium broker tips: Shell and Barclays in favour
Tuesday 27 Apr 2010
Companies covered today include: Royal Dutch Shell, BG, Barclays
Big profit rebound at GKN
Monday 26 Apr 2010
A big rebound by its automotive division helped engineer GKN swing back strongly into profit in the first three months of 2010.
BP doubles profit
Monday 26 Apr 2010
Oil giant BP more than doubled profits during the first quarter following strong results from both the upstream and downstream businesses.
Bailed out Lloyds returns to profit
Monday 26 Apr 2010
Lloyds Banking returned to profitability in the first quarter and said it expects this momentum to be sustained throughout the rest of the year. The lender, 41% owned by the taxpayer, did not provide a profit figure in today’s statement, but said it made a profit on a combined businesses basis due mainly to a significant downward trend in impairments.
Imperial Tobacco lifts dividend 16%
Monday 26 Apr 2010
Customers smoking roll-ups rather than branded cigarettes keep earnings momentum strong at Imperial Tobacco in the first half, despite the impact of recession in many of its main European markets.
Bank of Ireland to raise €3.4bn
Monday 26 Apr 2010
Bank of Ireland could see the stake owned by the Irish State rise slightly to 36% after it unveiled a well-flagged €3.4bn capital raising.
Redrow sees profitable second half
Monday 26 Apr 2010
Housebuilder Redrow expects to return to profitability in the second half after being ‘encouraged’ by sales activity since the start of the year.
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