Editor's Picks
Ex-British Energy man to chair Punch Taverns
Wednesday 29 Jun 2011
The former finance boss of the nuclear energy group British Energy is to become the new chairman of Britain’s biggest pub group Punch Taverns after it spins off its managed pubs division.
Fatality at NWR mine
Wednesday 29 Jun 2011
Central Europe-focused hard coal and coke producer New World Resources (NWR) unfortunately announced a fatality at the Darkov mine of OKD, its Czech subsidiary.
Early summer boosts C&C's cider and beer sales
Wednesday 29 Jun 2011
Magners and Bulmers cider group C&C enjoyed a respite as drinkers slaked their thirst during the unseasonably warm weather in the three months to 31 May.
Europe open: Revival continues
Wednesday 29 Jun 2011
Greece is once again pre-eminent in the thoughts of traders and with most pundits predicting that the Greek parliament will vote through the government's austerity programme, despite violent protests on the streets of Athens, stocks are buoyant.
Premium tips: Premier Foods, Glencore, Carpetright...
Wednesday 29 Jun 2011
Credit Suisse downgraded its rating on Premier Foods from outperform to neutral on Wednesday, highlighting a lack of stability in trading. The Hovis bread and Branston pickle maker reported its first quarter IMS on 27 April which revealed a slow start to the year. "Two months on and we suggest the environment has not picked up quite the way Premier might have wished, and it will likely look to
Greek parliament approves austerity measures
Wednesday 29 Jun 2011
The voting is still ongoing but it has now been confirmed that 151 Greek MPs have cast their ballots in favour of a new package of austerity measures. This is very welcome news but there are still considerable doubts about how events will play out; more importantly even, as regards how authorities should proceed.
Senior ups first half guidance
Wednesday 29 Jun 2011
Shares in Senior jumped 8% on Wednesday morning after the group said it expects pre-tax profit for the six months ended 30 June to be ahead of previous expectations, driven by the recovery in the truck markets and increased production in its Aerospace Division.
Senior ups first half guidance
Wednesday 29 Jun 2011
Senior expects pre-tax profit for the six months ended 30 June to be ahead of previous expectations, driven by the recovery in the truck markets and increased production in its Aerospace Division.
Stagecoach cracks on
Wednesday 29 Jun 2011
Passengers are getting on board in increasing numbers at Stagecoach, the UK and North American transport group, with the bus and coach businesses leading the way. Its final results for 2010-2011 show revenue up over 10% at £2.39bn and profits at £205.7m, up from £161.3m (+27.5%). Market expectations were for profit before tax of £203m on sales of £2.47bn.
British Land buys Maidenhead property for £74m
Wednesday 29 Jun 2011
Property group British Land has acquired a prime Maidenhead property for £74m.
Wednesday tips round-up: Capita, Halma, Northumbrian Water...
Wednesday 29 Jun 2011
Capita bosses were doing the Lambeth walk yesterday as they picked up a £60m, 10-year contract with the London borough to deliver a range of services. The scope of the deal could be widened to make it worth up to £300m over time. While others reliant on Government work for revenues have been feeling the pinch – we've already seen some go under – Capita looks like it will be a survivor. And
Wednesday newspaper round-up: Greece, Lagarde, BoE...
Wednesday 29 Jun 2011
Greece will be committing “suicide” if its parliament fails to back sweeping austerity measures aimed at averting a catastrophic default, according to the head of the country’s central bank. The stark warning by George Provopoulos, governor of the Bank of Greece, further heightened the stakes ahead of a knife-edge vote on Wednesday in the Greek parliament, the Financial Times reports.
Commodities: Oil up on hopes for Greece
Wednesday 29 Jun 2011
Oil made substantial gains on Tuesday as the market responded to three significant factors.
Current trading a mixed bag for Betfair
Wednesday 29 Jun 2011
Betfair, the betting exchange that has been rocked by a number of departures by high ranking executives, said full year profitability came in ahead of expectations, though it conceded revenue growth "could have been stronger". Underlying group revenue in the year to 30 April rose 8.1% to £368.6m from £340.9m the year before, while reported revenue jumped 15.4% to £393.3m from £340.9m.
Wednesday newspaper round-up: Greece, Lagarde, BoE...
Wednesday 29 Jun 2011
Greece will be committing “suicide” if its parliament fails to back sweeping austerity measures aimed at averting a catastrophic default, according to the head of the country’s central bank. The stark warning by George Provopoulos, governor of the Bank of Greece, further heightened the stakes ahead of a knife-edge vote on Wednesday in the Greek parliament, the Financial Times reports.
US close: Dow has best day in two months
Tuesday 28 Jun 2011
The Dow Jones notched up a triple digit gain as the conviction grew in the market that the Greek parliament would vote through the government's austerity package.
Moody´s warns Spain´s regions
Tuesday 28 Jun 2011
Spain's regional governments are likely to face downward pressure if they do not take action to improve their fiscal position, Moody's Investors Service warned on Tuesday. Thus, "several of Spain's regional governments are likely to exceed the 2011 deficit targets of 1.3% of GDP," the ratings agency said.
London close: Miners, banks finish strongly
Tuesday 28 Jun 2011
The Footsie was bolstered by a decent start on Wall Street, as US house prices rose for the first time in eight months. Furthermore, global market sentiment was buoyed ahead of a critical vote in Greece to approve austerity measures, vital for the country to receive financial aid. French president Nicolas Sarkozy announced an agreement with French banks to refinance holdings of...
A sunnier outlook for US house sales or not?
Tuesday 28 Jun 2011
The Case-Shiller home price index for the 20 main US cities rose by 0.7% in April, according to Standard&Poor´s, more or less in line with expectations, and an improvement on a revised 0.9% slide for March. The home price index for the 20 main US cities rose by 0.7% in April, more or less in line with expectations, and an improvement a revised 0.9% slide for March.
FTSE 100 movers: Banks wanted as Greek fears ease
Tuesday 28 Jun 2011
The banking sector was lifting the FTSE 100 on Tuesday, as fears over the Greek situation eased. French president Nicolas Sarkozy announced an agreement with French banks to refinance holdings of Greek sovereign debt. "We concluded that by stretching out the loans over 30 years, putting (interest rates) at the level of European loans, plus a...
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