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  • Premium broker snap: Nomura cuts target price at Sainsbury

    Thursday 16 Jun 2011

    Nomura has scaled back its target price for supermarket giant Sainsbury, from 365p to 340p, after the company’s sales came in “slightly light”.

  • IMF softens its stance on Greece, as does Germany

    Thursday 16 Jun 2011

    According to the Financial Times’ the International Monetary Fund has indicated that it is willing to disburse the next tranche of Greece’s current rescue package so long as the EU makes up for any shortfall.

  • US pre-open: Stocks futures turn around

    Thursday 16 Jun 2011

    The main US equity benchmarks are being called to open slightly up, by around 0.2% on average. The aforementioned following a string of better than expected macroeconomic data points out in the pre-open and ahead of the Federal Reserve Bank of Philadelphia’s monthly manufacturing sector index, at 3PM London time.

  • Europe open: Greek shadow lengthens

    Thursday 16 Jun 2011

    Once again, Greece and its debt problems are weighing on the minds of investors. Greek prime minister George Papandreou is to seek a vote of confidence in the Greek parliament today, as talks about a much needed rescue package from the EU continue to drag on.

  • Premier Farnell disappoints

    Thursday 16 Jun 2011

    Electrical components distributor Premier Farnell said sales levels have rebounded above those it was achieving ahead of the global downturn as it posted a rise in revenues and profits.

  • Southern Cross off its sick bed

    Thursday 16 Jun 2011

    Beleaguered care home operator Southern Cross has made a breakthrough in its fight for survival after cutting a deal with its lenders and landlords.

  • IMF softens its stance on Greece, as does Germany

    Thursday 16 Jun 2011

    According to the Financial Times’ the International Monetary Fund has indicated that it is willing to disburse the next tranche of Greece’s current rescue package so long as the EU makes up for any shortfall. This, in turn, has led Germany to soften its own stance as regards a reprofiling of Greece’s debts, says the FT's digital edition (FT.com). So now, rather than insisting on a debt exchange

  • WS Atkins beats raised expectations

    Thursday 16 Jun 2011

    Design and engineering consultancy WS Atkins topped revenue and profit expectations in what it described as a transformational year for the company.

  • London pre-open: Footsie set to dip below 5700

    Thursday 16 Jun 2011

    The market is still fretting about the situation in Greece and is set to open lower, with the top-share index predicted to open around 44 points lower, which would take it just below the 5,700 level. Greek prime minister George Papandreou is to seek a vote of confidence in the Greek parliament today, as talks about a much needed rescue package from the EU continue to drag on.

  • US close: Domestic and euro worries combine to sink stocks

    Wednesday 15 Jun 2011

    Stocks slumped as unwelcome US economic data and continuing worries over the eurozone crisis had investors rushing to the exits.

  • US midday: Economic data, Greece dampens sentiment

    Wednesday 15 Jun 2011

    US stock markets opened lower and continued to fall as economic data disappointed early on. Meanwhile, the crisis in Greece continued to escalate and weigh on investor sentiment.

  • US midday: Economic data, Greece dampens sentiment

    Wednesday 15 Jun 2011

    US stock markets opened lower and continued to fall as economic data disappointed early on. Meanwhile, the crisis in Greece continued to escalate and weigh on investor sentiment.

  • London close: Glencore drags Footsie 1% lower

    Wednesday 15 Jun 2011

    The blue chip index slipped further into the red on the back of a poor start on Wall Street as economic data disappointed. US May consumer price inflation came in ahead of forecasts, rising 0.2%. While the Federal Reserve Bank of New York manufacturing sector index fell to a reading of -7.79, from 11.9 the month before.

  • Broker snap: Don't fear regulation at Experian, says Shore Capital

    Wednesday 15 Jun 2011

    Despite the share price of credit checking firm Experian falling on the back of regulatory concerns in the US; Shore Capital has assured investors that this is “not something to be feared”.

  • Intercontinental vice president trousers £400,000

    Wednesday 15 Jun 2011

    A round-up of the biggest director buys today so far.

  • Game on or Game over?

    Wednesday 15 Jun 2011

    Today’s outlook downgrade from video game retailer Game Group means that pre-tax profits for the full year are likely to come in at between £22m and £29m, against previous expectations of about £32m, according to the broker Peel Hunt.

  • Ethanol not enough for GTL resources

    Wednesday 15 Jun 2011

    The bio-refining company GTL Resources has issued its results for the financial year ending 31st of March 2011.

  • Broker snap: Peel Hunt cuts Game's target price by nearly 40%

    Wednesday 15 Jun 2011

    Peel Hunt has slashed Game Group’s target price by almost 40% after the firm scaled back its sales guidance for the full year.

  • Greek bonds slide again as deadlock continues

    Wednesday 15 Jun 2011

    Greek bonds were on the slide again amid continued wrangling over the revised rescue package for the troubled Eurozone member. Meanwhile, rioters were out in force on the streets of Athens again and the government was hit by defections. Strikes have been crippling activity in ports and other infrastructure.

  • Premium tips: Imperial Tobacco, Betfair, Experian...

    Wednesday 15 Jun 2011

    Charles Stanley downgraded Imperial Tobacco from ‘accumulate’ to ‘hold’ on Tuesday, after the group reduced its profit guidance on the back of an ongoing price war in Spain. “The price war is unhelpful in an already challenging region, and while the issue remains Spain-specific and could prove short-lived, general concerns about weaker pricing discipline are likely to prove negative for sentiment

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