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  • Broker snap: Goldman a buyer of Lloyds

    Thursday 14 Jul 2011

    The analysts at Goldman Sachs have upgraded their recommendation for part-nationalised lender Lloyds from 'neutral' to 'buy' due to a more attractive risk-return trad-eoff following the recent decline in stock price. Goldman's analysts also point out three possible bullish catalysts for the medium-term: the stress test results (to be released Friday)

  • Thursday tips round-up: Icap, ITE, Morgan Crucible

    Thursday 14 Jul 2011

    Another year or more of dithering in Brussels and then a catastrophic implosion that saw Greece, Ireland and Portugal expelled to set up their own volatile currencies is probably the ideal scenario for Icap, the world’s biggest inter-dealer broker. The shares now sell on below 12 times this year’s profits, a low rate historically, and look set for further advances in due course. Buy for the

  • Premier Foods chooses Krafty CEO

    Thursday 14 Jul 2011

    Shares in foods group Premier Foods were marked up in early trading on Thursday as the Hovis bread and Sharwood ready-meals maker unveiled industry veteran Mike Clarke as its new head honcho. Clarke, currently President of Kraft Foods Europe, will take over as chief executive of Premier Foods at the beginning of September.

  • London open: ABF and Fresnillo buck the downward trend

    Thursday 14 Jul 2011

    Stocks have taken a dive following a swoon on Wall Street last night, with worries over the Eurozone crisis continuing to cast a shadow.

  • Rolls-Royce wins anchor handling contract

    Thursday 14 Jul 2011

    The contracts continue to roll in at Rolls-Royce, the engine developer, with the latest one being for deep water anchor handling vessels currently being built in Singapore. The contract is for £50m and has been awarded by Swire Pacific Offshore. Rolls-Royce will supply advanced anchor handling systems for the vessels.

  • Barratt expects profit before tax of £40m

    Thursday 14 Jul 2011

    Barratt Developments wrapped up the season of trading updates from house builders by giving thanks to the London market, as conditions outside of the nation's capital continue to remain challenging in some areas.

  • Revolving door at Mitchells & Butlers spins again

    Thursday 14 Jul 2011

    Simon Burke is calling time on his stint as non-executive chairman and director of pubs group Mitchells and Butlers, after less than six months in the hot seat.

  • London pre-open: Sharp falls expected

    Thursday 14 Jul 2011

    London's blue-chip shares are set to open sharply lower, with traders taking note of the late swoon on Wall Street yesterday which saw early gains pared. London's blue-chip shares are set to open sharply lower, with traders taking note of the late swoon on Wall Street yesterday which saw early gains pared. City traders think the Footsie will open around 50 points down from last night's close

  • Daily Mail price to rise by 10%

    Thursday 14 Jul 2011

    Daily Mail publisher DMGT is putting the price of its main newspaper up by 5p to 55p as it seeks to cope with rising newsprint prices and declines in the advertising market and circulations.

  • Thursday tips round-up: Icap, ITE, Morgan Crucible

    Thursday 14 Jul 2011

    Another year or more of dithering in Brussels and then a catastrophic implosion that saw Greece, Ireland and Portugal expelled to set up their own volatile currencies is probably the ideal scenario for Icap, the world’s biggest inter-dealer broker. The shares now sell on below 12 times this year’s profits, a low rate historically, and look set for further advances in due course. Buy for the

  • Thursday newspaper round-up: Banks, Bernanke, BSkyB

    Thursday 14 Jul 2011

    Britain's banks have lined up to oppose reforms proposed by the Government's Independent Commission on Banking (ICB). In submissions to the ICB, the "big four" banks – Barclays, HSBC, Royal Bank of Scotland and Lloyds Banking Group – raised objections or tried to buy time on the ICB's proposals. The key bone of contention is the ICB's call for ring-fencing of retail and investment banking to

  • Bernanke does not rule out new asset purchases, if necessary (II)

    Wednesday 13 Jul 2011

    In his semi-annual testimony before Congress Federal Reserve president Ben S. Bernanke has outlined some of the measures that can be implemented should his forecasts for a pick-up in economic activity not be borne out.

  • US midday: Stocks advance on Bernanke stimulus comments

    Wednesday 13 Jul 2011

    Stocks have moved higher following strong economic figures from China and Federal Reserve chairman Ben Bernanke’s announcement that more economic stimulus could be implemented.

  • Thursday preview: Opinions divided on Barratt Developments

    Wednesday 13 Jul 2011

    House builder Barratt Developments issues a pre-close period trading update on Thursday ahead of its preliminary results, which are due for release on 14 September.

  • Moody´s puts US rating on review for possible downgrade

    Wednesday 13 Jul 2011

    Following, part of the text of Moody's annuncement tonight: "Moody´s Investors Service has placed the Aaa bond rating of the government of the United States on review for possible downgrade given the rising possibility that the statutory debt limit will not be raised on a timely basis, leading to a default on US Treasury debt obligations. On June 2, Moody's had announced that a rating review

  • Monitise cashing in on mobile payments

    Wednesday 13 Jul 2011

    Monitise, the AIM 50 mobile banking and payments provider, expects to double 2010 revenues by the end of 2011.

  • Global Brands' pizzas melting in the heat

    Wednesday 13 Jul 2011

    Global Brands, the AIM listed company which owns the Domino’s Pizza franchise in Switzerland, Luxembourg and Liechtenstein, saw sales in the first half of 2011 rise by 15.4% from the same period last year. However, the half-year revenue rise to 7.7m Swiss Francs (CHF) masked a disappointing second quarter.

  • Germany signals a possible way out for Greece?

    Wednesday 13 Jul 2011

    How do you solve a problem like Greece?

  • More details expected from EU emergency summit, BarCap says

    Wednesday 13 Jul 2011

    The European Union’s emergency summit to be held on 11 July may shed some light on the details of the Eurogroup's initial proposals, possibly including elements critical to address the contagion risks, Barclays Capital Research said in a note released on Wednesday.

  • Italy challenges are manageable: Unicredit

    Wednesday 13 Jul 2011

    The challenges facing Italy are manageable, according to analysts at Unicredit investment bank.

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