Editor's Picks
US newspaper round-up: News Corp, Debt, Apple...
Wednesday 20 Jul 2011
News Corp. founder Rupert Murdoch forcefully apologized to victims of phone hacking by his employees but declared he was not to blame—deflecting the responsibility for the fiasco to other managers, saying "they behaved dreadfully" and "it's for them to pay."
Afren lowers oil production estimates
Wednesday 20 Jul 2011
Africa-focused oil and gas firm Afren has lowered its production estimates for the full-year as it temporarily shuts down operations in Nigeria for safety reasons. It expects to produce an average of between 25,000 and 30,000 barrels of oil a day over the year, down from a previous estimate of 40,000.
NewsLook and blinkx in video news tie-up
Wednesday 20 Jul 2011
Video search engine firm Blinkx is partnering with video news service provider NewsLook to provide news and analysis from media publications such as US focused GlobalPost, China’s Xinhua News Agency and Philippine television channel, UNTV. The deal allows viewers to watch more than 1,500 NewsLook videos on Blinkx's website.
NewsLook and blinkx in video news tie-up
Wednesday 20 Jul 2011
Video search engine firm Blinkx is partnering with video news service provider NewsLook to provide news and analysis from media publications such as US focused GlobalPost, China’s Xinhua News Agency and Philippine television channel, UNTV.
Intl. Personal Fin. wary of Old World contagion
Wednesday 20 Jul 2011
Emerging markets lender International Personal Finance has warned that the problems of established markets may spill over into the markets in which it doess business.
Revenues fall at Yell
Wednesday 20 Jul 2011
Yellow Pages publisher Yell Group said quarterly trading has continued in line with expectations as revenue declined 11.1% in three months ended 30 June 2011. Group revenue fell to £383.3m while digital services revenues increased 164.9% to £30.2m. EBITDA for the period was down £20.2m at £109.1m.
Hochschild's silver output falls 13% as expected
Wednesday 20 Jul 2011
Americas-focused silver and gold miner Hochschild Mining said that it is on track to hit its production targets despite silver output falling by 13% in the first half.
LSE encouraged by new issues pipeline
Wednesday 20 Jul 2011
Stock markets operator London Stock Exchange (LSE) put behind it the disappointment of its failed merger with its Canadian counterpart TMX to announce a strong start to its financial year. "With an increase in total income of 14% and growth in many business areas, these strong first quarter results confirm that we continue to make good progress," said Xavier Rolet, the chief executive of the LSE.
Europe open: Rally continues
Wednesday 20 Jul 2011
Taken their lead from Wall Street, where stocks surged on hopes of an end to the debt-ceiling deadline, European markets add to yesterday's gains.
Intl. Personal Fin. wary of Old World contagion
Wednesday 20 Jul 2011
Emerging markets lender International Personal Finance has warned that the problems of established markets may spill over into the markets in which it doess business. Chief executive officer, John Harnett, said the company has seen good growth in credit issued and in the number of customers and that the company is "on course to deliver a good performance for the year as a whole,"
London open: Miners jump higher in early trading
Wednesday 20 Jul 2011
After a strong finish on Wall Street last night - with the Dow Jones having its best day of the year so far - the Footsie opened up nearly 0.5% higher. Mining giant BHP Billiton was a high riser after it was able to achieve another iron ore output record in the year ended 30 June, its eleventh consecutive annual production record.
Revenues fall at Yell
Wednesday 20 Jul 2011
Yellow Pages publisher Yell Group said quarterly trading has contined in line with expectations as revenue declined 11.1% in three months ended 30 June 2011.
FDA committee rejects dapagliflozin
Wednesday 20 Jul 2011
Drugs giants AstraZeneca and Bristol-Myers Squibb received a blow when the US Food and Drug Administration's (FDA) Advisory Committee rejected their jointly-developed diabetes drug, dapagliflozin, though the vote was a close one, with six committee members voting in favour, and nine against. The FDA usually accepts the committee's recommendation on whether to approve a new drug application.
Severn Trent's year off to steady start
Wednesday 20 Jul 2011
Not much has changed at water company Severn Trent since the beginning of April with the company continuing to trade in line with expectations.
Iron ore output continues to grow at BHP Billiton
Wednesday 20 Jul 2011
Mining giant BHP Billiton was able to achieve another iron ore output record in the year ended 30 June, its eleventh consecutive annual production record.
London pre-open: Wall Street tail-winds boost London
Wednesday 20 Jul 2011
After the Dow Jones had its best day of the year overnight investors are keen to get their wallets out this morning and dive into equities. City traders think the blue-chip index will open around 30 points higher and crash back through the 5,800 barrier. One stock unlikely to be joining the upsurge is drugs giant AstraZeneca, after the advisory committee of the US Food and Drug...
Wednesday tips round-up: Johnson Matthey, Smiths Group, Headlam...
Wednesday 20 Jul 2011
Johnson Matthey's investors have become accustomed to the company making all the right noises when it updates the market. And yesterday it did not disappoint, writes the Independent. The speciality chemicals operation, which refines platinum and is the world's biggest maker of catalytic converters, has enjoyed a buoyant start to its financial year – sales (excluding precious metals) motored ahead
Wednesday newspaper round-up: IMF, Murdoch, US debt...
Wednesday 20 Jul 2011
The International Monetary Fund (IMF) has urged eurozone leaders to take immediate action over the region's debt crisis, warning it could prove "very costly" for the world. Europe's policymakers must press on with deeper economic integration to "stay the course", the global lender said ahead of Thursday's crunch summit of eurozone leaders.
US close: Bumper day for the Dow
Wednesday 20 Jul 2011
The Dow Jones industrial average racked up its best day of 2011, rising 1.63% on the back of strong performances from tech stocks. Coincidentally, the broader based S&P 500 also rose 1.63%, while the tech-heavy NASDAQ Composite raced ahead by 2.225%. The Dow finished at 12,587, up 202, while the S&P 500 advanced 21 to 1,326; the NASDAQ Composite added 61 points at 2,826.
US midday: Tech stocks keep powering ahead
Tuesday 19 Jul 2011
Computer firm IBM may not be the stock market leviathan that it once was, but it is leading the US markets higher after a sparkling set of results released after the bell on Monday night. Acting as a backdrop, ‘hope springs eternal’ as regards a possible budget deal in the United States and expectations that European leaders will find a solution to the financial morass that the periphery has
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