Editor's Picks
Sales rise on the cards for PureCircle
Wednesday 06 Jul 2011
Plant-based sweetener maker PureCircle expects a 70% rise in sales in the second-half of 2011 helped by its key beverage customers and added that it expects to be cash flow positive, reflecting a reduction in inventories and higher sales.
South African approval fires Coal of Africa shares
Wednesday 06 Jul 2011
Shares in Coal of Africa roared higher after the miner said it had been granted approval to build its project at Vele in South Africa.
Europe open: Banks under a Portuguese cloud
Wednesday 06 Jul 2011
European equity markets remain in their recent holding pattern, with investors holding fire ahead of the US non-farms payrolls data due out later this week.
Broker snap: Credit Suisse foresees little turbulence at IAG
Wednesday 06 Jul 2011
Commenting on yesterday´s traffic figures out from International Airlines Group (IAG) analysts at Credit Suisse indicate that AIG has again, “confirmed underlying revenue trends remain intact,” even if their 'comparables' have again been distorted by so-called 'base effects'.
China raises interest rates
Wednesday 06 Jul 2011
The People´s Bank of China (PBoC) has announced that it will raise its key policy rate by 25 basis points, or a quarter of a percentage point, effective from Thursday, July 7th. The first reaction in the FTSE-100 has been a slight increase in its losses, with the benchmark moving down by 0.61% right after the announcement came through.
Cello warns on profits after retail setbacks
Wednesday 06 Jul 2011
Advertising and marketing group Cello expects profits for the full year to fall short of expectations after losing a retail research contract earlier this month and seeing one of its retail clients entering administration. The company expects to incur a full year exceptional charge of about £500,000.
Commodities report: Oil rises on inventory figures
Wednesday 06 Jul 2011
Investors took bets that US inventories of oil would be tight ahead of a series of figures due to be released in the next 48 hours.
London pre-open: Lethargy lingers
Wednesday 06 Jul 2011
Leading stocks are once again looking for direction, with City traders predicting the top-share index will open up just 5 points or so higher than last night's closing value of 6,024. Cash and carry group Booker says it is on course to meet expectations for the year ending 30 March after seeing a sharp rise in sales in the first quarter.
3i ramps up investment activity
Wednesday 06 Jul 2011
Debt levels at private equity investment firm 3i came down in the second quarter of 2011 as realisation proceeds comfortably outweighed investments.
Booker on course as sales jump
Wednesday 06 Jul 2011
Cash and carry group Booker says it is on course to meet expectations for the year ending 30 March 2012 after seeing a sharp rise in sales in the first quarter. Total sales were up by 9.5% from the same period the previous year, and by 9.1% excluding tobacco. Like-for-like tobacco sales were up by 5.7%.
Wednesday tips round-up: Persimmon, Marshalls, Zotefoams
Wednesday 06 Jul 2011
Persimmon, the country’s largest housebuilder, built 4,439 homes in the first half, down 5% on the year, which were sold at an average of £162,000. This price represented a 4% decline because of a higher mix of smaller houses. Yet margins edged up to 9% from 8%. The main bugbear for investors is the company’s exposure to the North, which could bear the brunt of an economic downturn. Persimmon’s
US close: Stocks mixed after quiet day
Tuesday 05 Jul 2011
US stocks were mostly slightly lower at the close of play having got off to a sluggish start after the Independence Day weekend.
US midday: Tech stocks buoy markets
Tuesday 05 Jul 2011
US traders might as well have extended yesterday's Independence Day holiday by an extra day for all the excitement there is to be found in US equity markets.
TA: BP - waiting to confirm above 475 pence
Tuesday 05 Jul 2011
The technical outlook for BP's share price is not so bad, the chart gazers at Digital Look claim. Even though the stock price for the giant oil company has been moving lower, it remains in a near-sideways range.
London close: Stocks edge higher
Tuesday 05 Jul 2011
Stocks managed to inch further beyond the 6,000 point mark it has crossed so many times this year, though it was a sluggish day’s trading.
TA: DJ Eurostoxx50: Is the correction over?
Tuesday 05 Jul 2011
Digital Look's technical analysts look at the Dow Jones Eurostoxx50 index and asks if the correction has now run its course.
TalkTalk sells international pre-pay business
Tuesday 05 Jul 2011
TalkTalk Telecom Group was keeping hush-hush about the price it received for its international pre-pay and Instant Dial Around business to New Call Telecom.
IAG reports increase in passenger traffic in June
Tuesday 05 Jul 2011
International Consolidated Airlines Group (IAG), the airline formed by the merger of British Airways and Iberia Airlines, saw an upswing in passenger traffic in June, driven by growth in its long-haul premium segment. The company said group traffic, which is measured in revenue passenger kilometres, rose by 9.2%, while capacity, measured in available seat kilometres, was up by 6.8%.
US open: Pause for breath
Tuesday 05 Jul 2011
US traders might as well have extended yesterday's Independence Day holiday by an extra day for all the excitement there is to be found in US equity markets.
FTSE 250 movers: Clothing retailers gain momentum
Tuesday 05 Jul 2011
Apparels and sports and athletic inspired fashion retailers rose sharply on Tuesday, pushing the mid-cap stock index higher. The top risers on the FTSE 250 included Carpetright and Sports Direct. Dixons Retail, whose shares had lost more than 4% since its earnings report on June 23, also climbed higher.
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