Editor's Picks
TUI Travel reduces stake in airline consortium
Monday 18 Nov 2013
City sources predict the FTSE 100 will open around 26 points lower than yesterday's close of 6,723.46.
Aviva to sell holding in Italian insurer Eurovita
Monday 18 Nov 2013
Insurer Aviva has announced plans to offload its entire stake in Italian insurance group Eurovita Assicurazioni in a bid to boost capital and focus on more profitable lines.
Rolls Royce wins five billion-dollar order for Trent engine
Monday 18 Nov 2013
Rolls-Royce, the FTSE 100-listed engineering giant, has won a five-billion dollar order for the Trent XWB engine to power 50 Airbus A350 XWB aircraft.
Capita Chief Executive hangs up his hat after 26 years
Monday 18 Nov 2013
Chief Executive Paul Pindar to step down in 2014; On track to deliver strong growth in 2013; Secured 2.9bn pounds of new contracts year-to-date
Aberdeen raises dividend 39 per cent as annual profits grow
Monday 18 Nov 2013
Dividend raised 39 per cent; Pre-tax profit rose 39 per cent; Revenue increased 24 per cent
Smiths Group trading in line for the first quarter
Monday 18 Nov 2013
Overall trading since July in line with expectations; Improvements in Detection, John Crane and Flex-Tek; Weakness in Medical and Interconnect
Broker tips: RBS, Tesco, Perform
Friday 15 Nov 2013
Investec has upgraded its rating for UK domestic banking group RBS from 'sell' to 'hold', but maintained its cautious view on the stock.
IAG lifts 2015 guidance on BA strength, Iberia recovery
Friday 15 Nov 2013
International Consolidated Airlines Group, otherwise known as IAG, lifted its profit guidance for 2015, helped by improving margins at British Airways and the ongoing recovery of Spanish airline Iberia.
Week ahead: Japan and China in focus
Friday 15 Nov 2013
The flow of data and events next week may revert to a certain normalcy next week, with the latest economic indicators to be published in all the main economic blocks helping to shine some light on the current pace of recovery (or lack thereof) in some parts of the global economy. At the moment it is Japan which seems to be in the spotlight in that regard.
London close: Markets gain on QE speculation, Vedanta drops
Friday 15 Nov 2013
Stocks extend gains on US stimulus hopes; US industrial production, NY manufacturing data misses forecasts; Vedanta drops sharply after interim report.
Broker snap: JPMorgan sees 'rapid growth' at Hargreaves Lansdown
Friday 15 Nov 2013
Hargreaves Lansdown’s share price received a little boost on Friday after JPMorgan Cazenove initiated coverage on the stock with an ‘overweight’ rating, saying that the stock’s steep valuation is well deserved.
FTSE 100 movers: Vedanta shares hit by revenue decline
Friday 15 Nov 2013
Mining group Vedanta Resources dropped sharply lower as investors reacted to a 17 per cent drop in first-half revenue to 6.2bn dollars on the back of falling commodity prices.
Broker tips: Centrica, Serco, Ultra Electronics
Friday 15 Nov 2013
Credit Suisse has cut its target price and reiterated its 'underperform' rating for British Gas owner Centrica, saying there are 'no major positives in sight' after the group's reduction in full-year forecasts.
US lawmakers to vote on healthcare bill
Friday 15 Nov 2013
US lawmakers were due to vote on Friday on a bill that would allow Americans to keep their existing health coverage through 2014 without penalties.
BoE´s Weale calls attention to move higher in inflation expectations
Friday 15 Nov 2013
In a speech on Friday afternoon Monetary Policy Committee (MPC) member Martin Weale called attention to the recent 0.15 percentage point rise in inflation expectations, adding that a move higher by 0.25 percentage points would be very concerning to him.
Berkshire discloses 3.45bn-dollar stake in Exxon Mobil
Thursday 14 Nov 2013
Berkshire Hathaway has disclosed a new 3.45bn-dollar stake in Exxon Mobil Corp. after buying 40.1m shares in the oil company, according to reports.
Broker snap: 'No major positives in sight' for Centrica, says Credit Suisse
Thursday 14 Nov 2013
Credit Suisse has cut its target price and reiterated its 'underperform' rating for British Gas owner Centrica, saying there are 'no major positives in sight' after the group's reduction in full-year forecasts.
London open: Stocks surge on stimulus hopes after Yellen comments
Thursday 14 Nov 2013
Yellen says Fed has 'more work to do'; FTSE 100 rebounds from four-week low; French, German GDP paint gloomy picture.
Rotork reports rise in third quarter revenue
Thursday 14 Nov 2013
British manufacturing company Rotork said revenue in the third quarter was 13 per cent higher than year ago, driven by a higher order intake.
Broker snap: Ultra Electronics downgraded by Investec
Wednesday 13 Nov 2013
Investec has cut its rating for Ultra Electronics from 'buy' to 'add' after the firm's gloomy third-quarter trading update.
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