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  • ECB prepared to buy sovereign bonds, says Cœuré

    Wednesday 28 Nov 2012

    Benoît Cœuré, member of the executive board of the European Central Bank (ECB), reiterated that the Eurozone monetary authority stands ready to purchase sovereign debt as long as member states comply with stated conditions and emphasised the necessity of establishing the single banking sector supervisor.

  • Thomas Cook losses widen, omits divi

    Wednesday 28 Nov 2012

    Shares of travel firm Thomas Cook nose-dived after it said full year losses widened on higher fuel costs and write-downs.

  • Wednesday tips round-up: Chemring, KCom, Cranswick

    Wednesday 28 Nov 2012

    “About the best news from Chemring Group’s latest trading statement was that there wasn’t any more bad news,” wrote The Times´s Tempus column on Wednesday morning. That came after the outfit´s latest profit warning, on November 1st, which was its fourth over the past year or so and led to a potential bidder, Carlyle Group, walking away. The latest update rather suggests that the board, including

  • United Utilities helped by price rises in the first half

    Wednesday 28 Nov 2012

    Revenues at water and sewage services group United Utilities edged higher in the first half, helped by regulated price increases.

  • Wednesday newspaper round-up: RBS branch sale, H-P, E.ON...

    Wednesday 28 Nov 2012

    Snapping up branches from Royal Bank of Scotland would help Nationwide to speed up its ambition of becoming a substantial force in small business lending, its chief executive said. Graham Beale expressed enthusiasm for buying the business, while emphasising that he would have to be satisfied that the difficulties that derailed its planned sale to Santander could be overcome. [The TImes]

  • London close: Markets pare gains as investors digest Greek deal

    Tuesday 27 Nov 2012

    Europe grants Greece more aid; OECD cuts growth estimates; Footsie comes off day's highs by the close.

  • FX round-up: Euro falls as investors look closer at Greek deal

    Tuesday 27 Nov 2012

    The euro nudged lower against major currencies on Tuesday as relief about a Greek debt deal gave way to concern about lack of detail in the financial aid plan.

  • London midday: Stocks hold on to gains despite gloomy OECD forecast

    Tuesday 27 Nov 2012

    Greek aid deal lifts stocks; OECD cuts growth forecasts; UK Q3 GDP growth confirmed at one per cent.

  • Wednesday tips round-up: Chemring, KCom, Cranswick

    Tuesday 27 Nov 2012

    “About the best news from Chemring Group’s latest trading statement was that there wasn’t any more bad news,” wrote The Times´s Tempus column on Wednesday morning. That came after the outfit´s latest profit warning, on November 1st, which was its fourth over the past year or so and led to a potential bidder, Carlyle Group, walking away. The latest update rather suggests that the board, including

  • Broker tips: Tesco, IMI, Mitchells & Butlers

    Tuesday 27 Nov 2012

    Credit Suisse has retained its 'neutral' rating and 350p target price for supermarket behemoth Tesco ahead of the company's third-quarter results due on December 5th.

  • Commodities: Oil nurses losses for third day, gold thumped

    Tuesday 27 Nov 2012

    Crude oil futures fell for the third day running on Wednesday on jitters about the US fiscal cliff and as markets mulled the finer details of Greece's rescue deal.

  • Broker snap: Large downside potential at M&B, says Panmure

    Tuesday 27 Nov 2012

    Panmure Gordon has reiterated its 'sell' rating for pubs group Mitchells & Butlers after some worse-than-expected full-year results and a gloomy update on current trading.

  • Third quarter GDP solid but 'triple dip looms'

    Tuesday 27 Nov 2012

    The latest revision of the UK's third quarter GDP figures left the number unchanged at one per cent quarter-on-quarter.

  • De La Rue profits up in challenging market

    Tuesday 27 Nov 2012

    Bank note printer De La Rue reported both revenues and profits were up in the first half but noted a more challenging paper market as competitors upped production.

  • Commodities: Crude falls as Greek euphoria fades

    Tuesday 27 Nov 2012

    Crude oil futures fell on Tuesday as initial relief over Greece's debt agreement fizzled out and focus turned to the Organization for Economic Cooperation and Development's warning about the potential for a global recession.

  • Tuesday newspaper round-up: Greece, ArcelorMittal, Credit Suisse...

    Tuesday 27 Nov 2012

    After two false starts in as many weeks, international lenders on Tuesday reached a deal to overhaul Greece’s faltering bailout programme and release a long-delayed 34.4bn-euro aid payment by agreeing to a series of measures that could relieve Greece of billions of euros in debt by the end of the decade. The measures, which include reducing interest rates on Athens’ bailout loans to levels so low

  • London close: Stocks dragged into the red by Barclays

    Friday 23 Nov 2012

    Osborne names Canadian as new Bank of England chief; Agreement on Greece a real possibility tonight; Barclays leads bank stocks lower

  • FTSE 250 movers: Lonmin and Hochschild take a hit

    Friday 23 Nov 2012

    Platinum miner Lonmin was among the heaviest fallers on the second-tier FTSE 250 index on Friday afternoon following some bearish comments by UBS this morning.

  • Associated British Foods directors sell newly vested shares

    Friday 23 Nov 2012

    A round-up of the biggest director deals today so far.

  • FTSE 100 movers: Water groups take a bath; SABMiller extends gains

    Friday 23 Nov 2012

    Utilities stocks were among the worst performers of the day on Friday as companies reacted to Tuesday’s Ofwat statement in which it clarified some licence modification proposals following requests for more information from shareholders.

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