Editor's Picks
London close: Syrian crisis hits stocks despite upbeat economic data
Tuesday 27 Aug 2013
Data showing improving confidence in Germany and the States wasn't enough to lift markets on Tuesday as investor sentiment was rattled by escalating tensions between Syria and the West.
FTSE 100 movers: Fresnillo, Randgold, Petrofac
Tuesday 27 Aug 2013
Precious metal companies Fresnillo and Randgold Resources gained as the prices of gold, silver and copper surged.
Larry Summers is Obama favorite for Fed chief, not Yellen
Tuesday 27 Aug 2013
Though most bets have been placed on current Federal Vice Chair Janet Yellen to replace the current US monetary authority chief Ben Bernanke when his term ends in January 2014, a “Team Obama” source told CNBC that the other frontrunner Larry Summers was actually the favorite.
Petrofac maintains guidance despite H1 profit decline
Tuesday 27 Aug 2013
Oilfield services group Petrofac saw both revenues and profits slip in the first half but said that it remains on track to deliver growth for the full year.
Petrofac shares jump on confident outlook - UPDATE
Tuesday 27 Aug 2013
Petrofac's share price surged on Tuesday as the oilfield services group reiterated its guidance for the full year despite reporting a decline in revenues and profits in the first half.
Bonds: London traders rush to catch-up after bank holiday
Tuesday 27 Aug 2013
The following were the yield and basis point (bp) movements of some of the most-watched 10-year bonds this afternoon:
Dairy Crest Financial Director reduces stake by 3,000
Tuesday 27 Aug 2013
A round-up of the biggest director deals today so far.
Petrofac maintains guidance despite H1 profit decline
Tuesday 27 Aug 2013
Oilfield services group Petrofac saw both revenues and profits slip in the first half but said that it remains on track to deliver growth for the full year.
London close: Economists nudge GDP forecasts higher
Friday 23 Aug 2013
Equities moved moderately higher on the second to last Friday of the summer despite economic figures out in the afternoon which revealed a far larger than expected fall in new US home sales.
Intu Deputy Chairman raises stake to nearly 20 per cent
Friday 23 Aug 2013
A round-up of the biggest director buys today so far.
Berendsen's first half profits grow on back of higher revenues
Friday 23 Aug 2013
Berendsen’s pre-tax profit rose 21 per cent to 60.2m pounds in the first half as the textile company’s revenues rose on the back of a strong margin improvement in workwear.
Balfour Beatty wins US contract
Friday 23 Aug 2013
Infrastructure giant Balfour Beatty has been selected by RIDA Development Corporation as a joint venture partner with WELBRO Building Corporation to build the new Houston Convention Center Hotel in Houston.
UK government to begin sale of Royal Mail in September
Friday 23 Aug 2013
The UK government is planning to begin the sale of its majority stake in Royal Mail in September, Bloomberg reported, citing three people with knowledge of the matter.
London pre-open: Subdued start expected ahead of long weekend
Friday 23 Aug 2013
Markets are expected to open with small gains on Friday as traders adopt a cautious approach ahead of the long three-day weekend.
London pre-open: Subdued start expected ahead of long weekend
Friday 23 Aug 2013
Markets are expected to open with small gains on Friday as traders adopt a cautious approach ahead of the long three-day weekend.
London close: Stocks jump on improvement in global data
Thursday 22 Aug 2013
London’s FTSE 100 jumped on Thursday as investors temporarily shrugged off an underwhelming set of minutes from the Federal Reserve and instead focused on improving data from across the world which brightened the global economic outlook.
US open: Stocks rise as jobless claims fall to a five-year low
Thursday 22 Aug 2013
US stocks edged higher as data in the world’s largest economy showed jobless claims fell to a five-year low over the past month.
Broker snap: Investec sees growing momentum at IMI
Thursday 22 Aug 2013
Investec has said that it is pleased with an in-line set of first-half results from engineering firm IMI, as it placed its 'hold' rating under review on Thursday.
Broker tips: Berendsen, Afren, Kazakhmys
Thursday 22 Aug 2013
Berendsen’s reported a “solid set of interim numbers” after the textile company posted a higher-than-expected rise in pre-tax profit for the first half, according to Investec. Investec recommended a ‘buy’ rating, citing an encouraging outlook statement and in-line trading.
Eurogroup head sees need for third Greek bailout
Thursday 22 Aug 2013
Eurogroup President Jeroen Dijsselbloem jumped on the recent bandwagon of Eurozone officials who predict Greece will need yet another bailout package.
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