Editor's Picks
Broker tips: Tullow, Diageo, Imagination Technologies
Wednesday 12 Dec 2012
Credit Suisse has downgraded its rating for oil giant Tullow from 'outperform' to 'neutral', saying that it may take some time for investor confidence to return.
London midday: Stocks pull into the blue
Wednesday 12 Dec 2012
The FTSE 100 had pulled into positive territory by Wednesday lunchtime, extending its recent winning streak into its sixth day, but the mood was cautious ahead of the conclusion of the Federal Reserve policy meeting later today.
Broker snap: Nomura trims Diageo target after Cuervo deal dropped
Wednesday 12 Dec 2012
Nomura has cut its target price for drinks group Diageo following the cancelled talks with tequila maker Jose Cuervo, but has retained its 'buy' recommendation, saying that the deal was dropped for the right reasons.
BT completes sale of Tech Mahindra
Wednesday 12 Dec 2012
Telecoms giant BT has completed the sale of its 9.1 per cent stake in Tech Mahindra to institutional investors.
London open: Stocks flat ahead of Fed meeting
Wednesday 12 Dec 2012
The Footsie opened flat on Wednesday morning after hitting a nine-month high the day before, with investors showing caution ahead of the conclusion of the Federal Reserve policy meeting later today.
Stagecoach defends its tour bus firm over lawsuit
Wednesday 12 Dec 2012
Stagecoach Group has lashed out at the federal and New York State government for initiating legal proceedings against its tour company Twin America over claims it has been ‘anticompetitive’.
Carillion secures 525m pounds of highway contracts in Canada
Wednesday 12 Dec 2012
FTSE 250-listed support services company Carillion has been selected for a series of highways maintenance contracts in Canada that are collectively worth 525m pounds.
Afren to conduct first 3D seismic programme in the Seychelles
Wednesday 12 Dec 2012
Afren, the energy firm focused on Africa and the Middle East, reported that its wholly-owned subsidiary, Afren East African Exploration (EAX), has begun a major 3D seismic programme in the Seychelles, the first 3D survey to be conducted in the country.
SuperGroup sales boosted by growing online business
Wednesday 12 Dec 2012
SuperGroup, the owner of clothing retail brand SuperDry, posted a 16.2 per cent rise in revenue for the first half of 2012 covering the 26 weeks to October 28th, according to its interim results published on Wednesday morning.
Travis Perkins on track despite trading conditions
Wednesday 12 Dec 2012
Building materials supplier Travis Perkins said like-for-like sales fell in the past eleven months to the end of November, as market headwinds continue, but the outlook for the year as a whole remains unchanged.
Wednesday newspaper round-up: HSBC, WPP, UK rating...
Wednesday 12 Dec 2012
The chief executive of HSBC and a string of top bankers will lose a slice of their bonuses and will have future payouts deferred after Britain’s biggest bank was hit with a record fine to settle damaging money-laundering charges. Stuart Gulliver, the former investment banker who runs HSBC, has already lost part of one annual payout in the light of the allegations. He will now lose an unspecified
US close: Stocks gain on 'fiscal cliff' hopes
Tuesday 11 Dec 2012
US stock markets finished with decent gains on Tuesday on hopes that law-makers can come to an arrangement over the impending 'fiscal cliff'.
Polymetal to acquire Olcha gold-silver deposit
Tuesday 11 Dec 2012
Polymetal International and its subsidiaries have entered into a definitive agreement with AIM-listed Ovoca Gold to acquire the Russian legal entity Olymp, which holds the mining and exploration license for the Olcha gold-silver deposit.
Fed expected to compensate for potential fiscal cliff
Tuesday 11 Dec 2012
The Federal Reserve (Fed) is expected to take its expansive monetary policy to new heights on Wednesday when it concludes its last scheduled policy-setting meeting of 2012 and in that manner potentially offset the oncoming fiscal cliff.
BHP Billiton sells stakes in oil joint ventures in Australia
Tuesday 11 Dec 2012
Mining group BHP Billiton is to earn over one and a half billion dollars from the sale of its interests in the East and West Browse Joint Ventures, offshore Western Australia, as it attempts to exit its non-core assets.
London close: 'Fiscal cliff' hopes lift markets
Tuesday 11 Dec 2012
Fiscal cliff optimism increases ahead of FOMC; German ZEW smashes expectations; Tullow drops 8.4 per cent.
Sector movers: Polymetal, BHP and Rio lead miners higher
Tuesday 11 Dec 2012
Mining stocks were making gains on Tuesday with blue-chip players Polymetal, BHP Billiton and Rio Tinto providing a lift to the sector.
Spain sheds 'Monti-effect' in positive debt auction
Tuesday 11 Dec 2012
The Spanish Treasury sold 3.89bn euros of 12- and 18-month bills on Tuesday morning, topping the target range of 2.5-3.5bn euros. Additionally, yields were lower than last time around.
US newspaper round-up: Delta/Virgin, AIG, Google...
Tuesday 11 Dec 2012
Delta Air Lines is buying almost half of British airline Virgin Atlantic for 360 million dollars as it aims to boost its share of the lucrative New York-to-London market. Delta says it will form a joint venture with Virgin Atlantic where the two airlines would share money from flights operated under the partnership. Sir Richard Branson will still own more than half of Virgin Atlantic, which will
FTSE 100 movers: Tullow drops after Ghanian well update
Tuesday 11 Dec 2012
Oil giant Tullow tanked on Tuesday after revealing that its Okure-1 exploration well offshore Ghana had encountered 'low net to gross oil bearing reservoir in a secondary objective'.
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