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”.
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.
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.
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.
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.
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.
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
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.
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.
Wednesday 15 Jun 2011
Stocks slumped as unwelcome US economic data and continuing worries over the eurozone crisis had investors rushing to the exits.
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.
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.
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.
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”.
Wednesday 15 Jun 2011
A round-up of the biggest director buys today so far.
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.
Wednesday 15 Jun 2011
The bio-refining company GTL Resources has issued its results for the financial year ending 31st of March 2011.
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.
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.
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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