Editor's Picks
London close: Stocks fall as 'fiscal cliff' deadline looms
Monday 17 Dec 2012
Increasing optimism surrounding budget talks between US politicians may have helped the FTSE 100 come off its intraday low, but the index was stuck firmly in negative territory with markets remaining nervous ahead of the January 1st deadline.
FX round-up: Dollar surges against yen
Monday 17 Dec 2012
The dollar rallied to a 19-month high against the yen on Monday after the Liberal Democratic Party won a landslide in Japan's general election on Sunday.
Broker snap: Investec downgrades Aggreko to 'hold'
Monday 17 Dec 2012
Investec has cut its rating for temporary power and temperature control solutions group Aggreko after the company's gloomy pre-close trading update on Monday which sent shares tumbling.
London midday: Aggreko leads UK stocks lower
Monday 17 Dec 2012
The FTSE 100 had fallen firmly into negative territory by Monday lunchtime as markets focused on the impending 'fiscal cliff' in the US.
BP sells stake in Sean gas field to SSE for 288 million dollars cash
Monday 17 Dec 2012
BP has agreed to sell its interest in the Sean gas field in the UK North Sea to SSE for 288 million dollars in cash.
London open: Aggreko drags Footsie lower early on
Monday 17 Dec 2012
The FTSE 100 opened flat on Monday morning with the focus firmly on the impending 'fiscal cliff' in the US as markets prepare for the Christmas holiday. Aggreko was providing a drag on the index after giving a gloomy outlook for 2013.
Tuesday preview: Petrofac to see if steady rise can continue
Monday 17 Dec 2012
With the Christmas holidays getting closer, corporate results and updates are a little thin on the ground this week, though Petrofac is scheduled to report on fourth-quarter trading on Tuesday morning.
Tuesday tips round-up: Aggreko, Hunting, Fortune Oil,
Monday 17 Dec 2012
There was a sense of déjà vu in yesterday’s profit warning and share price fall for temporary power group Aggreko. In late 2009, the company issued a similar alert that turned out to be an ideal buying opportunity for new investors in the shares and The Telegraph´s Questor team thinks yesterday’s events present a similar situation. Past performance is no guide to the future but yesterday’s 22 per
Gold exporting resumes at Centamin
Monday 17 Dec 2012
Egypt-focused gold mining and exporting company Centamin has confirmed that the halt by customs on gold exports from Sukari has been lifted and a shipment was made on Sunday December 16th.
FX round-up: Dollar logs losses after inflation data
Monday 17 Dec 2012
The dollar weakened against major currencies on Friday after data showed US inflation fell in November for the first time in six months.
Gold exporting resumes at Centamin
Monday 17 Dec 2012
Egypt-focused gold mining and exporting company Centamin has confirmed that the halt by customs on gold exports from Sukari has been lifted and a shipment was made on Sunday December 16th.
Monday newspaper round-up: RBS, Thomas Cook, UK banks...
Monday 17 Dec 2012
Royal Bank of Scotland (RBS) remained tight-lipped last night amid speculation that it will take a hit of 350 million pounds from transatlantic regulators for its role in the Libor rate-rigging scandal. It was reported that RBS – 82 per cent owned by the British taxpayer after its 45 billion-pound state bailout – was close to a deal that would see regulators fine it more than the 290m pounds
Sunday newspaper round-up: Rolls Royce, RBS, Public finances
Friday 14 Dec 2012
A former employee at the centre of the Rolls-Royce corruption case has claimed the company paid a second bribe of 25m dollars to an Indonesian businessman to help it to secure a 2010 jet engine contract. The British aero-engine maker won a 420m dollars (260m pounds) contract in July 2010 from Garuda, the Indonesian airline, to supply Trent engines for six Airbus A330 aircraft. The new allegations
Sunday share tips: Wood Group, Asos, Kentz Corporation
Friday 14 Dec 2012
Shares of Wood Group have moved off a six-year high seen earlier this year as it looks like there could be some softening of growth next year. While the yield per share on the company´s stock is just 1.8 per cent (such that income seekers should look elsewhere), analysts still expect earnings per share (EPS) to grow by 19 per cent in 2013 compared with expectations of 37 per cent EPS growth in
Eurozone downturn eases as Germany returns to growth
Friday 14 Dec 2012
The Markit Eurozone Composite purchasing managers' index (PMI) rose to a nine-month high of 47.3 in December according to the preliminary estimate, up for the second successive month from 46.5 in November.
Broker snap: ENRC set for 'challenging times', UBS downgrades
Friday 14 Dec 2012
UBS has downgraded its rating for ENRC from 'buy' to 'neutral', saying that there are 'challenging times' ahead for the FTSE 100 mining group.
G4S buys South African retail cash tech group
Friday 14 Dec 2012
Security firm G4S has announced that it is to acquire the South African retail cash solutions technology provider Deposita.
London open: Stocks lifted by Chinese manufacturing figures
Friday 14 Dec 2012
UK stocks edged higher in early trading on Friday, with upbeat data from China temporarily offsetting investor concerns over the 'fiscal cliff'.
Week ahead: Keller Group, Carnival Group
Friday 14 Dec 2012
The coming week will begin with investors peering into their rear view mirrors to see what has been the result of the weekend meetings of China´s Central Economic Working Conference, which will set the tone for economic policies for 2013. The results of the weekend Japanese elections will also attract attention.
Friday newspaper round-up: UK rating, EU banking union, UBS...
Friday 14 Dec 2012
Britain’s gold-plated sovereign credit rating has suffered another blow after Standard & Poor’s became the third major agency to downgrade the outlook to 'negative'. The change means there is a 'one-in-three chance that we could lower the ratings in the next two years', S&P said. Moody's and Fitch already have the UK on 'negative outlook' and plan to review the AAA status next year. S&P, which
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