Editor's Picks
London close: FTSE 100 hits seven-week low on taper fears
Tuesday 03 Dec 2013
FTSE 100 at lowest level since October 14th; US jobs report in focus as taper speculation picks up; UK construction activity at six-year high.
Standard Chartered dives on predictions of flat 2013 revenue - UPDATE
Tuesday 03 Dec 2013
- Full-year revenue expected to be flat; Poor performance in Korea; Currency depreciation adds to woes; Net interest margin to be 'slightly' lower
Broker snap: UBS slashes mining target prices after gold, silver downgrades
Tuesday 03 Dec 2013
UBS has slashed target prices across the mining sector
UK services PMI modestly lower than forecast in November
Tuesday 03 Dec 2013
UK service sector activity continued to expand in November, albeit at a slower pace, as new business rose at a rapid pace.
Pearson acquires Brazilian language training firm
Monday 02 Dec 2013
Education company Pearson has agreed to acquire Grup Multi, a Brazilian adult English language training firm serving over 800,000 students across more than 2,600 franchised schools.
EU to impose record fine to banks for benchmark rigging
Monday 02 Dec 2013
The European Commission will fine a group of leading European and American banks a record 1.7bn euros for the rigging of interest-rate benchmarks, Reuters reported on Wednesday.
Petrofac signs co-operation deal with Nigerian oil group
Monday 02 Dec 2013
Oilfield services group Petrofac has signed a five-year co-operation agreement with the Nigerian Petroleum Development Company (NPDC).
London midday: Markets fall, shrug off upbeat manufacturing data
Monday 02 Dec 2013
Markets lower ahead of data-heavy week; Non-farm payrolls, taper in focus; Investors shrug off positive manufacturing figures this morning; Broker downgrades hit Tesco, Aberdeen, Debenhams.
FTSE 100 movers: Miners and supermarkets push lower
Monday 02 Dec 2013
Mining stocks were under pressure as commodity prices declined with precious metals peers Fresnillo and Randgold tracking gold and silver lower early on. November manufacturing sector purchasing managers´ survey results in China, the Eurozone and the US all came in better than forecast on Monday. However, Capital Economics and Unicredit both pointed out some signs in the data of a possible future
UK manufacturing output growth clocks in at quickest since 1994 - UPDATE
Monday 02 Dec 2013
The Markit/CIPS manufacturing sector purchasing managers´ index for the month of November came in at 58.4.
Broker snap: Nomura names Barclays as top pick amongst banks, HSBC downgraded
Monday 02 Dec 2013
Barclays is the top pick in the UK banking sector, according to Nomura, which retained its 'buy' rating for the stock on Tuesday morning.
Broker snap: JPMorgan trims Old Mutual target but stays upbeat
Monday 02 Dec 2013
JPMorgan Cazenove has trimmed its target price for savings and investment group Old Mutual after adjusting for currency movements, but maintained its 'overweight' rating on the stock, highlighting attractive and improving returns from its emerging market life business.
St. Modwen Properties sells Elephant & Castle Shopping Centre
Monday 02 Dec 2013
St. Modwen Properties said its joint venture with Salhia Real Estate Company has completed the sale of the Elephant & Castle Shopping Centre to Delancey and APG for 80m pounds in cash.
Broker tips: Tesco, Aberdeen, Debenhams, Utilities
Monday 02 Dec 2013
Tesco's share price was firmly lower on Monday morning after analysts at HSBC downgraded their rating on the stock from 'neutral' to 'underweight'.
Week ahead: Beige Book and US non-farm payrolls due
Friday 29 Nov 2013
Everything has its price or so some like to say. In any case, traders will return to their desks come Monday, following a rather calm week of trading, to find themselves facing a very busy economic calendar.
Europe close: Stocks mixed after slate of economic data
Friday 29 Nov 2013
Eurozone inflation and jobs improve; UK consumer confidence falls, house prices rise; German retail sales slump; S&P upgrades Spain, downgrades Netherlands
London close: FTSE 100 flat despite gains in banking sector
Friday 29 Nov 2013
Markets flat despite banking strength; Volumes pick up but still on the low-side; German, US markets continue to set new highs.
London midday: Stocks rise, US futures point up as Wall Street re-opens
Friday 29 Nov 2013
Miners lead markets higher as metals prices rise; S&P lifts Spanish outlook, Eurozone unemployment falls; UK consumer confidence falls again; US futures up, retailers in focus on Black Friday.
UK house prices rise in November, Nationwide data shows
Friday 29 Nov 2013
UK house prices rose at the fastest pace in more than three years in November, data from Nationwide revealed on Friday.
Weaker than expected mortgage lending in October
Friday 29 Nov 2013
Net lending secured on dwellings rose by 0.1 per cent over the month or 1.2bn pounds in October, according to the latest figures released by the Bank of England.
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