Tuesday 28 May 2013
The Economist magazine has warned that Europe’s leaders are "sleepwalking through an economic wasteland", in an opinion piece published in the print version of the weekly on Saturday.
Tuesday 28 May 2013
FTSE 250-listed polymer manufacturer Victrex has posted modest growth results for the six month period ended March 31st underpinned by growth in its Europen sales.
Tuesday 28 May 2013
The Telegraph says that RBS is preparing its restructuring boss Nathan Bostock for the Chief Executive Officer (CEO) role as part of the company's long-term plans to replace Stephen Hester.
Tuesday 28 May 2013
Soft drinks maker AG Barr improved revenue, following a good performance from its core products despite the soggy weather, and said it is very confident in future trading.
Friday 24 May 2013
With market sentiment still fragile following the heavy sell-off of the past two days, defensive sectors were thriving on Friday as investors refrained from taking risk ahead of the long weekend.
Friday 24 May 2013
Shares of UK water company Pennon are the least likely bid target within the sector. However, prospects for M&A will help to put a floor under the shares. The stock has been punished due to poor pricing for recyclate - recycled material - and following a profit warning last year at its unit dedicated to that business, Viridor. Recyclate prices have begun to recover, but Viridor needs the economy
Friday 24 May 2013
Mining and banking stocks were weighing on the FTSE 100 on Friday morning as the index extended losses following yesterday's dramatic sell-off.
Friday 24 May 2013
Smiths Group, the global technology firm listed on the FTSE 100, said that its full-year guidance remains unchanged after underlying revenues and profits in the first three quarters were ahead of last year.
Friday 24 May 2013
Shareholders at IT infrastructure group Computacenter are in for a windfall of 75m pounds after the company outlined details of its cash return on Friday.
Friday 24 May 2013
The largest investor in ENRC has fallen in behind a 3.3bn pound takeover bid for the beleaguered FTSE 100 miner, all but ensuring its success despite protests from independent directors. Kazakhmys, a rival resources group with operations in Kazakhstan, has signalled privately that it will vote its 26 per cent stake in favour of the controversial offer tabled by ENRC’s three oligarch founders and
Friday 24 May 2013
European Central Bank (ECB) President Mario Draghi spoke on the high levels of interconnection between the UK and the Eurozone and stressed the importance of moving towards a tighter union and following through on the banking system integration.
Friday 24 May 2013
According to The Guardian, the 1.9bn-dollar settlement deal that HSBC agreed with US authorities over money-laundering offences, could be at risk, meaning that the bank could face criminal charges. The original settlement meant that HSBC wouldn't face prosecution but the judge overseeing the case is now thought to be considering rejecting the deal.
Thursday 23 May 2013
The spotlight will shine on economic data out Friday including mortgage lending figures from the British Bankers’ Association (BBA) and US durable goods orders.
Thursday 23 May 2013
UK automotive products retailer Halfords Group announced a strategy to improve its sales after reporting flat full-year revenues and a fall in profit.
Thursday 23 May 2013
The recent bullish mood on equity markets quickly faded on Thursday as mixed messages from the Federal Reserve and a slowdown in China sparked a heavy sell-off on the FTSE 100, which lost more than two per cent of its value.
Thursday 23 May 2013
Growth concerns hammered markets across the globe on Thursday, with banking and mining stocks bearing the brunt of the sell-off in London as the impressive year-to-date rally ran out of steam.
Thursday 23 May 2013
UK citizens predict inflation of 2.5 per cent in the year ahead, according to a YouGov/Citi poll Thursday.
Thursday 23 May 2013
Markets tumbled by around two per cent on Thursday morning as investors chose to take profits in the aftermath of comments from the head of the US Federal Reserve and a disappointing reading of manufacturing activity in China.
Thursday 23 May 2013
Lundin Petroleum, Tullow Oil's partner on the Carlsberg prospect in the Norwegian North Sea, said Thursday that it has plugged and abandoned the wildcat well 7/4-3 after no hydrocarbons were encountered.
Thursday 23 May 2013
UK automotive products retailer Halfords Group announced a strategy to improve its sales after reporting flat full-year revenues and a fall in profit.
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