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  • FX round-up: Dollar boosted by job data

    Friday 05 Oct 2012

    The dollar rallied to a two-week high against the yen on Friday following better than expected US job figures.

  • Market overview: Fed still likely to act despite solid jobs report

    Friday 05 Oct 2012

    1524: Analysts at Barclays Research have said that the solid US employment report is unlikely to alter the Federal Reserve’s plans for more quantitative easing (QE). ‘We think the unemployment rate would need to decline further from here in the October and November reports before the Fed would think about not fully converting its Treasury purchases under Operation Twist to open-ended purchases,’

  • Broker snap: Panmure upbeat about WS Atkins despite West Coast involvement

    Friday 05 Oct 2012

    Shares in engineering and design consultancy WS Atkins were hit on Friday on concerns about the company's involvement in the high-profile West Coast franchising fiasco.

  • Broker snap: Tesco needs a 'major overhaul', says Investec

    Friday 05 Oct 2012

    The strategic problems at Tesco are getting worse, according to Investec, which still recommends to sell shares in the supermarket giant.

  • Broker snap: Tesco needs a 'major overhaul', says Investec

    Friday 05 Oct 2012

    The strategic problems at Tesco are getting worse, according to Investec, which still recommends to sell shares in the supermarket giant.

  • Spain doesn’t need a bailout, according to government minister

    Friday 05 Oct 2012

    Spanish Minister of Economy Luis de Guindos has insisted that his country doesn’t need to be bailed out at all as he defended Spain’s progress on deficit reduction.

  • London open: Footsie bolstered by miners ahead of US data

    Friday 05 Oct 2012

    Burberry, Wood Group and miners lift FTSE 100 early on; markets await US payrolls data; IMF to cut global GDP forecast.

  • Greece won’t last beyond November without aid, says PM

    Friday 05 Oct 2012

    Greek Prime Minister Antonis Samaras has signalled that his country could not survive beyond November if it isn’t granted the next tranche of bailout aid.

  • London & Stamford cashes in at Meadwohall

    Friday 05 Oct 2012

    Property group London & Stamford (LSP) and its joint venture partner Green Park Investments have disposed of their half-share in the Meadowhall Shopping Centre on the outskirts of Sheffield.

  • Commodities: Crude at lowest level in a week

    Friday 05 Oct 2012

    Crude oil futures settled at their lowest level in a week on Friday as cheer about the better than expected US jobs data petered out and focus turned to concern about oil demand.

  • Friday newspaper round-up: BAE, Gold, Corporate bonds

    Thursday 04 Oct 2012

    Alistair Darling has made a forceful intervention in the plans by EADS to combine with BAE Systems, saying British interests were bound to suffer because the UK government would have no equity stake in the enlarged group. The former chancellor of the exchequer told the Financial Times he saw the logic for a new European civil aerospace and defence giant to compete with Boeing of the US. But he

  • BHP talks to Petrobras about Gulf oil stake

    Thursday 04 Oct 2012

    Miner BHP Billiton is in talks with Petrobras to buy a stake in the Brazilian energy giant's Gulf of Mexico oil fields, according to an article in the Wall Street Journal published late Wednesday night.

  • Broker tips: Tate and Lyle, Halfords, FirstGroup

    Thursday 04 Oct 2012

    Credit Suisse has raised its recommendation for sweeteners and food products group Tate and Lyle from 'neutral' to 'outperform' and raised its target price from 700p to 750p despite leaving its forecasts unchanged.

  • US pre-open: Futures point to decent start after jobless data

    Thursday 04 Oct 2012

    Stock futures on Wall Street were pointing to a positive start when trading begins after some better-than-expected jobless claims data and no surprises from policy decisions in the UK and Europe.

  • The Bank of England keeps rate at 0.5%, as expected

    Thursday 04 Oct 2012

    The Bank of England’s Monetary Policy Committee (MPC) has today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5 per cent. The Committee also voted to continue with its programme of asset purchases totalling 375bn pounds, financed by the issuance of central bank reserves.

  • Broker snap: UBS upgrades FirstGroup but still sees challenges

    Thursday 04 Oct 2012

    UBS has upgraded its rating for FirstGroup from 'sell' to 'neutral' following Wednesday's steep sell-off on the back of the failure to secure the West Coast franchise.

  • Broker snap: Credit Suisse upgrades Tate and Lyle to 'outperform'

    Thursday 04 Oct 2012

    Credit Suisse has raised its recommendation for sweeteners and food products group Tate and Lyle from 'neutral' to 'outperform' and raised its target price from 700p to 750p despite leaving its forecasts unchanged.

  • Thursday broker round-up

    Thursday 04 Oct 2012

    BHP, BTG, Carillion, De La Rue, EFK, Experian, FirstGroup, Halfords, Leyshon, Lonmin, Matchtech, N Brown, Pearson, Pennon, Robert Walters, Sportingbet, Sports Direct, Tate & Lyle, Ted Baker, Tesco, UBM, Wolseley, WS Atkins

  • UK house prices fell more than forecast in September

    Thursday 04 Oct 2012

    UK house prices fell by 0.4 per cent month-on-month in September, to 159,486 pounds, for a 1.2 per cent decrease versus a year ago, according to the latest data out this morning from mortgage lender Halifax.

  • FX round-up: Dollar falls against euro as interest rates maintained

    Thursday 04 Oct 2012

    The dollar fell against the euro on Thursday after the European Central Bank announced that it will maintain the key interest rate at the current level of 0.75 per cent.

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