Friday 24 May 2013
With market sentiment still fragile following the heavy sell-off of the past two days, defensive sectors were thriving on Friday as investors refrained from taking risk ahead of the long weekend.
Friday 24 May 2013
London equities finished lower for a second straight day, with investors being put off by the recent gyrations in the market, although the early close of some US markets ahead of the Memorial Day weekend may also have played a role.
Friday 24 May 2013
Mining and banking stocks were weighing on the FTSE 100 on Friday morning as the index extended losses following yesterday's dramatic sell-off.
Friday 24 May 2013
Smiths Group, the global technology firm listed on the FTSE 100, said that its full-year guidance remains unchanged after underlying revenues and profits in the first three quarters were ahead of last year.
Friday 24 May 2013
Shareholders at IT infrastructure group Computacenter are in for a windfall of 75m pounds after the company outlined details of its cash return on Friday.
Friday 24 May 2013
Shares in AIM-listed oil and gas group Petroceltic International were under pressure on Friday morning with the company mulling an extension of a licence contract after having to abandon one of its exploration wells in the Black Sea.
Friday 24 May 2013
European Central Bank (ECB) President Mario Draghi spoke on the high levels of interconnection between the UK and the Eurozone and stressed the importance of moving towards a tighter union and following through on the banking system integration.
Friday 24 May 2013
According to The Guardian, the 1.9bn-dollar settlement deal that HSBC agreed with US authorities over money-laundering offences, could be at risk, meaning that the bank could face criminal charges. The original settlement meant that HSBC wouldn't face prosecution but the judge overseeing the case is now thought to be considering rejecting the deal.
Thursday 23 May 2013
The spotlight will shine on economic data out Friday including mortgage lending figures from the British Bankers’ Association (BBA) and US durable goods orders.
Thursday 23 May 2013
UK automotive products retailer Halfords Group announced a strategy to improve its sales after reporting flat full-year revenues and a fall in profit.
Thursday 23 May 2013
The recent bullish mood on equity markets quickly faded on Thursday as mixed messages from the Federal Reserve and a slowdown in China sparked a heavy sell-off on the FTSE 100, which lost more than two per cent of its value.
Thursday 23 May 2013
Growth concerns hammered markets across the globe on Thursday, with banking and mining stocks bearing the brunt of the sell-off in London as the impressive year-to-date rally ran out of steam.
Thursday 23 May 2013
UK citizens predict inflation of 2.5 per cent in the year ahead, according to a YouGov/Citi poll Thursday.
Thursday 23 May 2013
Markets tumbled by around two per cent on Thursday morning as investors chose to take profits in the aftermath of comments from the head of the US Federal Reserve and a disappointing reading of manufacturing activity in China.
Thursday 23 May 2013
Lundin Petroleum, Tullow Oil's partner on the Carlsberg prospect in the Norwegian North Sea, said Thursday that it has plugged and abandoned the wildcat well 7/4-3 after no hydrocarbons were encountered.
Thursday 23 May 2013
UK automotive products retailer Halfords Group announced a strategy to improve its sales after reporting flat full-year revenues and a fall in profit.
Thursday 23 May 2013
Worries about the Federal Reserve 'tapering' quantitative easing (QE) prematurely spooked markets on Thursday morning, along with a disappointing reading of manufacturing activity in China.
Thursday 23 May 2013
easyJet has bought all of Flybe's take-off and landing slots at London Gatwick airport as part of the latter's turnaround plan to return to profitability.
Thursday 23 May 2013
The Telegraph says that Waitrose head Mark Price is refusing to meet with Ocado chief Tim Steiner after the online grocery group agreed to help rival Morrison develop an online shopping website.
Thursday 23 May 2013
Pearson, the FTSE 100-listed publishing and education firm, on Thursday announced plans to shake up its organisational structure in an effort to tap into new growth opportunities.
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