Wednesday 08 Feb 2012
- Stocks end higher as Greek drafts deal. - Greece to cut minimum wage by 20%. - Caesers soars on stock market debut.
Wednesday 08 Feb 2012
- Greek talks now underway in Athens. - Investors await policy decision by BoE tomorrow. - Reckitt leads risers after full-year results.
Wednesday 08 Feb 2012
Cillit Bang maker Reckitt Benckiser reported better-than-expected headline earnings per share (EPS) and good top-line growth momentum in its full-year results today, according to Nomura which reiterated its buy recommendation on the consumer products giant.
Wednesday 08 Feb 2012
Credit Suisse has trimmed its current-year forecasts for pharmaceuticals giant GlaxoSmithKline following yesterday’s release of its 2011 results, with the broker saying that a “cautious 2012 outlook may disappoint”.
Wednesday 08 Feb 2012
Reckitt, miners and banks provide a lift on the FTSE 100. Big movers on the FTSE 250 drag index into the red. Markets await news from Greek meetings.
Wednesday 08 Feb 2012
Cillit Bang maker Reckitt Benckiser reported better-than-expected headline earnings per share (EPS) and good top-line growth momentum in its full-year results today, according to Nomura which reiterated its buy recommendation on the consumer products giant.
Wednesday 08 Feb 2012
SuperGroup, owner of the Superdry brand, said profit for the year will be towards the lower end of market expectations after it experienced a challenging last three weeks in January.
Wednesday 08 Feb 2012
French pharmaceuticals giant Sanofi-Aventis has revealed that it expects EPS (earnings per share) to drop between 12% and 15% in 2012, despite having registered an improvement in the fourth quarter of last year due mainly to sales in emerging markets.
Wednesday 08 Feb 2012
There was something for both the bulls and the bears in mining titan BHP Billiton's interim results, with underlying pre-tax earnings ahead of expectations while the bottom line number was shy of what the market had been anticipating.
Wednesday 08 Feb 2012
In a morning report, UniCredit points out that, with today’s light data calendar, Greece will remain at “center stage” and sums up expectations nicely: “Today, Greek party leaders should eventually reach an agreement on the austerity measures demanded by the Troika.”
Wednesday 08 Feb 2012
Cillit Bang maker Reckitt Benckiser reported better-than-expected headline earnings per share (EPS) and good top-line growth momentum in its full-year results today, according to Nomura which reiterated its buy recommendation on the consumer products giant.
Wednesday 08 Feb 2012
The last time Mick Davis, Xstrata’s chief executive, proposed an all-share merger of equals, Cynthia Carroll, Anglo American’s chief executive, politely declined. Now Xstrata shareholders are in a similar position. They should politely decline this initial offer too, reckons the Daily telegraph's Questor column.
Wednesday 08 Feb 2012
International Power, the UK power generator which is 70% owned by French utility GDF SUEZ, claimed to have put in a strong performance in 2011 but the market begged to differ.
Wednesday 08 Feb 2012
FTSE 250 emergency repair group Homeserve has assured that full-year profits will be in line with expectations in spite of its recent travails that are still preventing the group from restarting some marketing operations.
Wednesday 08 Feb 2012
Russian precious metals group Polymetal International has terminated a joint venture after buying up the remaining 50% stake owned by South Africa-based AngloGold Ashanti for $20m.
Wednesday 08 Feb 2012
The euro raced to a two-month high against the dollar on Tuesday on hopes that Greece is finally reaching a deal on austerity measures that will steer it away from a default.
Wednesday 08 Feb 2012
City sources predict the FTSE 100 will open up 13 points from yesterday's close of 5,890, taking its cue from the Dow Jones industrial average, which last night closed at its highest level since May 2008, as hopes rose that Greece is close to agreeing austerity measures.
Tuesday 07 Feb 2012
Mining giant Rio Tinto has committed a further $3.4bn to the expansion of its Pilbara iron ore operations in western Australia.
Tuesday 07 Feb 2012
Both Xstrata and Glencore both fell today as battle lines were drawn over the Glenstrata merger. The opening salvos have been fired in the battle for value over the proposed $90bn merger between the two commodity giants. On one side are the shareholders of Glencore and the managements of both companies (who hold large stakes in their firms). The other faction is made up of unhappy institutional
Tuesday 07 Feb 2012
Cillit Bang maker Reckitt Benckiser said it exceeded its full year targets in 2011, as it announced a strategy for 'continued out-performance'.
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