Editor's Picks
Invesco wants to avoid penalties in JJB saga
Friday 03 Aug 2012
US fund manager Invesco is tired of waiting for a turnaround at JJB Sports and is preparing a move to protect its investment in the struggling sportswear retailer, the Sunday Times claims.
FTSE 100 movers: IAG the biggest of just four fallers
Friday 03 Aug 2012
While only a handful of stocks were registering losses, airline group IAG dropped after saying that it would fail to achieve its 'break-even' operating target this year after it registered a steep loss in the six months to June 30th as fuel costs jumped and losses at its Spanish airline increased.
Tuesday newspaper round-up: European banks, Tariffs, Falklands
Friday 03 Aug 2012
Refunds of mis-sold payment protection insurance (PPI) are doing more to boost Britain’s stuttering economy than government initiatives to stimulate growth, official and bank data show. The UK’s five biggest banks have set aside almost 9bn pounds to cover claims for selling their customers loan insurance that was either not needed or could not be used, in one of the most costly consumer scandals
Barclays 'plans bonus overhaul'
Friday 03 Aug 2012
There are widespread reports that Barlcays is planning an overhaul of its bonus system, that could see payouts withheld until bankers leave the company.
Standard Chartered craters in just a few minutes before the close
Friday 03 Aug 2012
Standard Chartered may lose its license to operate in the state of New York, according to the New York State Department of Financial Services.
Market overview: ECB and Spain rumours doing the rounds
Thursday 02 Aug 2012
1155: Just what exactly are short-term bonds? 2 years? 1 year perhaps? 3 years even? As some market chatter would have it, analysts seem to be at a little bit of a loss over what exactly to make of Draghi´s remarks yesterday. For our part, we would add that in the economic literature short-term usually refers to up to 2 years, sometimes even up to 3. Sheer queerness aside -which is always of
New master's voice at HMV
Thursday 02 Aug 2012
After six tough years at the helm of entertainment media retailer HMV, Simon Fox has decided to let someone else have a crack at completing the chain's transformation in the digital age.
Friday newspaper round-up: Austerity, RBS, Apple
Thursday 02 Aug 2012
Delaying the austerity programme by three years would put 200,000 people back into work and raise economic growth by 239bn pounds over a decade, according to one of the UK’s leading think tanks. The National Institute of Economic and Social Research (NIESR) published the analysis as it slashed its growth forecast for this year from 0 per cent to a contraction of 0.5 per cent and warned that the
London midday: Footsie rebounds strongly after Draghi-fuelled sell-off
Thursday 02 Aug 2012
- RBS leaders risers after first-half figures
Monday newspaper round-up: Shell, IAG, Manufacturing
Thursday 02 Aug 2012
Royal Dutch Shell is pulling some of its funds out of European banks over fears stirred by the Eurozone's mounting debt crisis, according to reports. The company's chief financial officer, Simon Henry, told The Times newspaper that Shell is cutting back its exposure to European credit risk in the worst-hit economies and putting a higher price on doing business with the region's peripheral
FX round-up: Dollar up as ECB drags its feet
Thursday 02 Aug 2012
The dollar rose against a declining euro on Thursday after the European Central Bank dragged its feet on taking immediate action over stimulus for the single currency.
Spirent Communications sees second half volatility
Thursday 02 Aug 2012
Communications technology firm Spirent Communications said first half pre-tax profit rose slightly but cautioned that overall growth in the second half may reduce to mid to low single digit increase amid ongoing macro-economic uncertainty.
Profits surge at Ladbrokes, but Digital needs a revamp
Thursday 02 Aug 2012
Shares in Ladbrokes, the online and High Street betting shop, rose on Thursday morning after the group saw profits jump by a half in the first half despite weakness in its Digital business.
Ophir gas discovery disappoints
Thursday 02 Aug 2012
High-flying Ophir Energy disappointed the market as it revealed its gas discovery at the Papa-1 well off the coast of Tanzania is likely to contain lower recoverable resources than it had hoped for.
London open: Markets look to the ECB for a boost
Thursday 02 Aug 2012
- Fed holds fire on further stimulus - BoE and ECB decisions expected later today - ECB expected to do 'whatever it takes'
RSA under the weather
Thursday 02 Aug 2012
RSA Insurance Group claimed a solid performance in a challenging environment in the first half of 2012, even though profits fell by more than a third.
Millennium & Copthorne revPAR still rising
Thursday 02 Aug 2012
Hotels group Millennium & Copthorne said revenue per available room (RevPAR), a key performance metric in the hotel industry, rose by 4.5 per cent primarily driven by an increase in average room rate.
Thursday newspaper round-up: RBS, Spain, NYSE...
Thursday 02 Aug 2012
Senior government figures are discussing the possibility of buying out private investors in Royal Bank of Scotland and fully nationalising it amid mounting frustration at banks’ failure to lend to British businesses. Cabinet ministers are having conversations about whether to spend around £5bn buying up the 18 per cent of the bank the government does not own, although George Osborne, the
Aggreko reports robust growth despite European weakness
Thursday 02 Aug 2012
Temporary power and temperature control group Aggreko delivered a strong performance in its first half and said it continues to expect another year of 'good growth' in 2012, but did note 'patchy' growth in Europe.
Smith and Nephew ramps up divi
Thursday 02 Aug 2012
Medical devices specialist Smith & Nephew has whacked up its dividend as it embarks on a progressive dividend policy on the back of the success of its recent restructuring.
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