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  • Friday newspaper round-up: Greece, Facebook, Oil companies

    Thursday 26 Jul 2012

    Greek leaders struggled to agree on required budget cuts yesterday as Citigroup raised the probability of the country’s exit from the euro to 90 per cent. The leaders of the three parties in the new coalition Government met for three hours in a session at which they were meant to sign off on a plan for €11.7bn (£8.5bn) in budget cuts demanded by Europe and the International Monetary Fund. The

  • FX round-up: Euro rises on Draghi's comments

    Thursday 26 Jul 2012

    The euro leapt on Thursday following comments by the head of the European Central Bank (ECB), Mario Draghi, who said that he was 'prepared to do whatever it takes to preserve the euro'.

  • Broker snap: Nomura stays negative on Lloyds as core shrinks

    Thursday 26 Jul 2012

    Nomura has reiterated its 'reduce' rating and 35p target price for UK banking group Lloyds, saying that the core business are shrinking.

  • FTSE 100 movers: ITV leaps as Shell shares decline

    Thursday 26 Jul 2012

    Broadcaster ITV surged after reporting double-digit revenues and profit growth in the first half, as its 'Transformation Plan' "continues to gain momentum", according to CEO Adam Crozier.

  • Europe midday: Are we understanding you correctly Mr.Draghi?

    Thursday 26 Jul 2012

    -ECB President says will do whatever is necessary to save euro -Egan Jones cuts Italy´s sovereign debt rating to CCC+ -Italian Treasury sells zero-coupon bonds at top of indicative range -Banks deposit €337.1bn overnight at ECB

  • Tate and Lyle warns of surging corn prices

    Thursday 26 Jul 2012

    Sweeteners giant Tate and Lyle said that adjusted operating profits in the first quarter were in line with its expectations, but did sound a cautious note in the full-year outlook as corn prices have surged.

  • Mis-selling provisions keep Lloyds in the red

    Thursday 26 Jul 2012

    Part-nationalised lender Lloyds Banking Group is setting aside yet more money to cover possible pay-outs relating to the mis-selling of payment protection insurance (PPI) schemes, meaning it stayed in the red at the half-year stage.

  • London open: Footsie opens flat after a flurry of results

    Thursday 26 Jul 2012

    - Stocks mixed after a ton of results - Rolls and Reed Elsevier up; Shell and BG down - Eurozone concerns still weigh on sentiment

  • Thursday newspaper round-up: BoE, UK AAA, Sir Mervyn

    Wednesday 25 Jul 2012

    The Bank of England (BoE) was urged to slash interest rates and print more money after yesterday’s official figures painted a dire picture of a country in a deepening slump. Michael Saunders, a UK economist at Citigroup, said that Britain was experiencing a depression and that the authorities needed to “turn the taps on full-scale” to pull the economy out of its nosedive. That could involve

  • Thursday tips round-up: easyJet, ARM, Informa

    Wednesday 25 Jul 2012

    Questor in the Telegraph is rather pleased with himself after his April recommendation on easyJet came good. Yesterday the firm reported revenues up 10.5 per cent in the second quarter, as people tried desperately to escape the rain. Trading at 10.7 times this year’s earnings, Questor says hold on for the ride.

  • HSBC slapped with fine following failings in Mexican division

    Wednesday 25 Jul 2012

    Shamed banking giant HSBC has been hit with a fine amounting to around 27.5m dollars which was imposed by the National Banking and Securities Commission (CNBV) in relation to the bank's non-compliance with anti-money laundering systems and controls.

  • Broker snap: Investec cuts target for Drax after biomass review

    Wednesday 25 Jul 2012

    Investec has reduced its target price for coal-fired power station group Drax from 498p to 425p following the Department of Energy and Climate Change's (DECC's) final biomass banding.

  • easyJet revenue surges

    Wednesday 25 Jul 2012

    Shares of no frills airline easyJet took off after it posted a 10.5 per cent increase in revenue for the quarter to end-June from the same time a year earlier.

  • Drax shares plunge on government plans

    Wednesday 25 Jul 2012

    Shares in Drax, which converts coal and biomass to energy, plunged 22 per cent on Wednesday after the government announced that it has decided to create support levels for electricity generated from sustainable biomass at existing fossil fuelled power stations on an individual generating unit by unit basis, and not, as previously proposed, on a power station wide basis.

  • Lancashire Holdings closes property business

    Wednesday 25 Jul 2012

    Lancashire Holdings, the Bermuda-based insurance company, has closed its property and onshore energy businesses after loss ratios proved troubling.

  • Consensus puts chances of UK AAA downgrade at 35%

    Wednesday 25 Jul 2012

    Economists and bond strategists have revised up their estimates of the probability that the United Kingdom could lose its cherished AAA rating in the next twelve months, according to a poll by Reuters published yesterday.

  • London pre-open: FTSE to regain some of its recent losses

    Wednesday 25 Jul 2012

    City sources predict the FTSE 100 will open up 14 points from yesterday's close of 5,498, tracking gains in the US and Asia. On Wednesday the index closed almost flat, following a far worse than expected GDP figure for the June quarter, news which counter-balanced any positive effect from comments by ECB council member Ewald Nowotny, who said in an interview with Bloomberg that there were

  • Broker snap: RBS is Nomura's least-preferred UK bank

    Wednesday 25 Jul 2012

    Nomura has maintained its 'reduce' rating for UK lender Royal Bank of Scotland (RBS) saying that uncertainties surrounding the business still remain.

  • ARM beats expectations as royalties rise

    Wednesday 25 Jul 2012

    Cambridge based computer chip designer, ARM Holdings, has beaten market expectations with its second quarter results, as demand for its intellectual property continues to make it a British technology success story.

  • Wednesday tips round-up: Croda, Associated British Foods, Ashmore

    Wednesday 25 Jul 2012

    In the Telegraph, Croda, the speciality chemicals firm is given high praise for its technology driven sales offering, which includes ingredients for use in lipstick and other cosmetics. The firm’s shares trade on nearly 18 times earnings, which is high, and 'given the backdrop', the recommendation is hold.

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