Editor's Picks
FTSE 100 movers: Whitbread jumps as Costa drives strong first-quarter growth
Tuesday 18 Jun 2013
Whitbread was performing well on Tuesday after the company reported a decent first quarter with group sales up 13.8 per cent, boosted by growth at Premier Inn and another strong performance from Costa which saw sales jump by an impressive 24.8 per cent.
easyJet agrees to buy 100 Airbus aircraft
Tuesday 18 Jun 2013
easyJet has made a deal with Airbus to acquire 100 New Generation A320 Aircraft for delivery from 2017 to 2022.
Broker tips: HSBC, RSA, SDL
Tuesday 18 Jun 2013
Citigroup has upgraded its recommendation for HSBC from 'neutral' to 'buy', saying that the future looks better for the global banking giant.
UK inflation rises more than expected in May -UPDATE
Tuesday 18 Jun 2013
UK consumer price inflation (CPI) rose in May driven by a record increase in airfares and fuel prices, data revealed Tuesday.
Tuesday tips round-up: AT&T, Ithaca Energy, Aggreko
Tuesday 18 Jun 2013
AT&T is interested in buying Spain’s Telefónica, according to reports Monday. The Financial Times’ Lex column believes Telefónica’s heavy debts of 70bn dollars net could make a deal easier as more than half of Telefónica’s value is in its debt. "So AT&T could pay a 40% premium for Telefónica’s shares and, because the debt’s value is fixed, pay a total premium of just 20%, or about $155bn,” the
Defence cuts hit Chemring
Tuesday 18 Jun 2013
Defence technology firm Chemring said first half revenue was hurt by reduced demand from it Countermeasures and Pyrotechnics & Munitions operations as it warned its markets are likely to remain challenging into 2014, particularly in the US.
SABMiller signs cooperation deal with Kopparberg
Tuesday 18 Jun 2013
FTSE 100-listed beverage giant SABMiller and Kopparberg Brewery AB have entered into a cooperation agreement for the long term licensing of Kopparberg cider products in selected markets.
S&P pushes back forecast for Eurozone recovery
Tuesday 18 Jun 2013
Standard & Poor's (S&P) has pushed back its forecast for a recovery in the Eurozone economy until 2014, from its prior forecast of the second half of this year.
easyJet agrees to buy 100 Airbus aircraft
Tuesday 18 Jun 2013
easyJet has made a deal with Airbus to acquire 100 New Generation A320 Aircraft for delivery from 2017 to 2022.
London close: Gains trimmed as nerves set in ahead of Fed decision
Monday 17 Jun 2013
Markets started the new week on a positive note, though gains were trimmed by the close on Monday as traders refrained from taking too much risk ahead of the all-important policy decision from the Federal Reserve later this week.
FTSE 250 movers: International Personal Finance jumps after upbeat broker comment
Monday 17 Jun 2013
Eastern Europe-focused home-credit business International Personal Finance was the best performing stock on the FTSE 250 on Monday after analysts at Renaissance Capital named it as their top pick in the financial sector in that region.
London open: Stocks gain but traders nervous ahead of Fed meeting
Monday 17 Jun 2013
Stocks registered decent gains in early trading on Monday though upside is expected to be limited throughout the day as traders nervously await a policy meeting at the Federal Reserve in a few days' time.
Imagination Technologies signs deal with Cavium
Monday 17 Jun 2013
Imagination Technologies has signed a licence agreement with Cavium to provide its latest MIPSr5 architecture.
LXB Retail Properties grows NAV and profits in first half
Monday 17 Jun 2013
Jersey-based retail real estate group LXB Retail Properties saw decent growth in both net asset value (NAV) and profits in its first half, according to a statement on Monday, while it announced a number of 'substantial' transactions in Greenwich.
Legal & General appoints head of Savings as new CFO
Monday 17 Jun 2013
Financial services giant Legal & General (L&G) has announced a shake-up of senior management, including the appointment of a new Chief Financial Officer (CFO), as part of a new structure to reflect 'ongoing strategic evolution', the company said on Monday.
Flat full year profit at Majestic Wine
Monday 17 Jun 2013
Wine merchant Majestic Wine reported flat profit for the year, following tough trading at the chain, but said it is well prepared for the key summer trading period.
Monday newspaper round-up: Co-op Bank, Lloyds, Platform...
Monday 17 Jun 2013
The Independent says that the Co-op Bank will this week announce plans to fill a 1.5bn-pound hole in its finances. The rescue, brokered with the Bank of England's Prudential Regulatory Authority, will see 5,000 investors take a haircut on money they lent to the bank.
Sunday share tips: J.Sainsbury, Avation, Crest Nicholson
Friday 14 Jun 2013
J Sainsbury seems to have stolen a march on rivals in the first quarter. Yes, like-for-like sales slowed, but the company maintained guidance for growth of 1 per cent to 1.5 per cent over the course of the year. Particularly noteworthy, customers seem to have taken the firm up on its challenge to "taste the difference" in its high-end range of food products, sales of which jumped by 10 per cent.
Broker tips: Rolls-Royce, Glencore Xstrata, Great Portland
Friday 14 Jun 2013
Investec has upgraded power-systems giant Rolls-Royce from 'add' to 'buy', saying that profitability is on an upwards trajectory and higher payouts for shareholders could be on the cards.
Sunday newspaper round-up: RBS, Co-op bank, easyJet
Friday 14 Jun 2013
Foreign-owned bank branches - as opposed to subsidiaries - in Britain made the country’s financial crisis worse, as they moved to shrink their loan books by almost half at the height of the credit crunch, according to Bank of England research, The FT Weekend reports. The other factors which explain the implosion seen in bank credit were the higher proportion of lending to businesses, a greater
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