Editor's Picks
Sky falling in on Murdoch empire
Friday 08 Jul 2011
David Cameron announced two enquiries into the practices of the British press, as he reacted to public disgust at alleged phone hacking by reporters who worked for News of the World, Pledging that "no stone will be left unturned" in the investigations, Camerson said a judge would lead the government enquiry into the News of the World phone hacking allegations.
US open: Stocks dive after jobs disappointment
Friday 08 Jul 2011
The US recovery is not happening as fast as many economists had hoped, judging by disappointing jobs data for June. US non-farm payrolls expanded by 18,000 in June, well below the 100,000 the market had been expecting. Meanwhile, May's rise was revised down to 25,000 from 54,000. The unemployment rate edged up to 9.2% from 9.1% in May to reach its highest level since the
Machinery malfunction clips Angel's wings
Friday 08 Jul 2011
Shares in Angel Mining lost a bit of shine after it said it was unable to assess the gold content of ore it poured from its Nalunaq Mine in Greenland.
US pre-open: Stocks to dive after jobs disappointment
Friday 08 Jul 2011
Stocks are expected to post declines in early trading after some disappointing jobs data.The recovery of the US economy is not happening as fast as many economists had hoped, judging by disappointing jobs data for June. US non-farm payrolls expanded by 18,000 in June, well below the 100,000 the market had been expecting.
US non-farm payrolls growth disappoints
Friday 08 Jul 2011
The recovery of the US economy is not happening as fast as many economists had hoped, judging by disappointing jobs data for June. US non-farm payrolls expanded by 18,000 in June, well below the 100,000 the market had been expecting. Meanwhile, May's rise was revised down to 25,000 from 54,000, the US Labor Department said.
Premium broker snap: News of the World closure has mixed effects, says Panmure
Friday 08 Jul 2011
Thursday’s announcement that popular tabloid newspaper News of the World will be closed down will be positive for Trinity Mirror, but not for British Sky Broadcasting (BSkyB), according to Panmure Gordon.
Irish market still challenging, CPL Resources says
Friday 08 Jul 2011
Irish recruitment group CPL Resources expects its profits for the year ended 30 June to be broadly in line with market estimates despite continuing pressure on margins.
Europe afternoon: Waiting on US jobs data
Friday 08 Jul 2011
After a uniformly bright opening, European markets are now a mixed bag ahead of the release this afternoon of US non-farm payrolls data.
FTSE 100 movers: BSkyB drops over takeover worries
Friday 08 Jul 2011
Satellite broadcaster BSkyB is unsurprisingly at the bottom of the pile. The recent turmoil at Rupert Murdoch’s News International, which has closed down its Sunday tabloid the News of the World, has sparked fears concerning a delay, or worse, of its proposed takeover of the satellite broadcaster.
John Menzies eyes 'on the move' customers with acquisition
Friday 08 Jul 2011
Newspaper supplier John Menzies's newspaper and magazine wholesaling subsidiary Menzies Distribution has acquired media management company Media on the Move for a maximum provisional cash payment of about £1.1m.
It´s fairly clear: US employment will improve in the second half
Friday 08 Jul 2011
The Employment Report to be released in the US on Friday will undoubtedly be the main economic reference of the week. Following a long week with all types of headlines (credit rating decisions, Trichet speech, corporate data, and macroeconomic indicators), the report could be the decisive trend-setting factor.
British Gas lifts prices by 18%
Friday 08 Jul 2011
British Gas, which is owned by the FTSE 100 firm Centrica, will increase domestic gas and electricity prices by an average of 18% and 16% respectively from 18 August.
Chinese inflation data surprises on the upside
Friday 08 Jul 2011
Inflation in China, as measured by the consumer price index (CPI), jumped to a 6.4% on year rate in June from 5.5% in May, according to the latest NBS data released this morning. That is the highest figure since June 2008.
AGA confident despite slip in first half sales
Friday 08 Jul 2011
A "quiet UK market" meant that first half revenues and volumes at upmarket cooker maker AGA Rangemaster were slightly lower than last year.
Profits jump at SIG, outlook uncertain
Friday 08 Jul 2011
Insulation, roofing and commercial interior products supplier SIG said that trading has continued to be in line with expectations since its last update on 11 May, and first-half profits are likely to be around 84% higher than the same period last year.
Investors assess phone hacking damage
Friday 08 Jul 2011
Amid the shock at the closure of Britain's biggest selling newspaper, the News Of The World, hard-nosed investors appear to be betting both News Corp, Rupert Murdoch's media leviathan, and British Sky Broadcasting (BSkyB), the UK company in which News Corp wants to buy a 100% stake, will weather the current storms.
Smiths News unfazed by death of News of the World
Friday 08 Jul 2011
Newspaper distributor Smiths News is sanguine about the imminent closure of News of the World, the newspaper that has been a feature of Sunday morning breakfasts in Britain for 168 years. Smiths News expects that a combination of significant buyer substitution and the group's flexible cost base will result in minimal financial impact.
Moneysupermarket.com expects 23% rise in revenue
Friday 08 Jul 2011
UK price comparison site Moneysupermarket.com expects revenues to be around 23% ahead of last year when it reports its first half results next month.
Hammerson snaps up city office for £100m
Friday 08 Jul 2011
Real estate investment trust Hammerson has acquired a 999-year leasehold interest in a prime London location for £100m, including costs. The company, which operates primarily in the retail sector - owning well-known shopping centres such as Brent Cross in London and the Bullring in Birmingham - announced on Friday that it has purchased a virtual freehold interest in 99 Bishopsgate from PRUPIM...
Friday tips round-up: Lookers, Babcock, NCC...
Friday 08 Jul 2011
A consortium made a tentative approach for car dealer Lookers at 80p a share, sought due diligence, reckoned the company had a couple of issues that made it worth less than that and offered 70p, we learnt yesterday from Lookers. The company rejected this, and the consortium said it would not bid. The world moves on, and Lookers shares fell 3¾p to 54p yesterday as the consortium’s low-ball offer
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