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  • Broker tips: Aggreko, Imagination Tech, Lancashire

    Wednesday 19 Jun 2013

    UBS has cut its recommendation for temperature control and power solutions firm Aggreko from 'buy' to 'neutral' and lowered its target price from 1,975p to 1,850p, saying the company faces headwinds next year.

  • FTSE 250 movers: Micro Focus, SDL and Imagination lead the risers

    Wednesday 19 Jun 2013

    Software products group Micro Focus International surged after its annual results unveiled a five per cent gain in pre-tax profit as it kept a tight rein on costs.

  • CEO Ian Livingston leaves BT for government role

    Wednesday 19 Jun 2013

    FTSE 100-listed telecommunications giant BT has reported that Gavin Patterson will succeed Ian Livingston as Chief Executive Officer (CEO) of BT Group.

  • London midday: Markets cautious as eyes remain fixed on Fed

    Wednesday 19 Jun 2013

    A decline in risk appetite meant that UK markets were in the red on Wednesday morning ahead of the all-important policy decision from the Federal Reserve due out later this evening.

  • Fed President Bernanke to offer clues on tapering

    Wednesday 19 Jun 2013

    Will Federal Reserve (Fed) President Ben Bernanke come to the rescue of markets battered by volatility by giving some clear indication of when the reduction in the asset purchase program will finally come to pass?

  • Derwent London in talks with Peninsula Hotel for Grosvenor sale

    Wednesday 19 Jun 2013

    Derwent London is in talks to sell its 50 per cent interest in London property 1-5 Grosvenor Place to Peninsula Hotels for 132.5m pounds before costs.

  • Ophir Energy spuds first Ghananian well

    Wednesday 19 Jun 2013

    FTSE 250-listed Africa-focussed upstream oil and gas resource company Ophir Energy has announced the spud of the Starfish-1 well in the Ophir-operated Offshore Accra PSC.

  • Annual profits slip at Imagination Tech as opex jumps

    Wednesday 19 Jun 2013

    Processor technology group Imagination Technologies saw annual revenues grow by a fifth after a better-than-expected increase in unit shipments, though profits more than halved after a jump in opex and continuing struggles at its loss-making digital radio division, Pure.

  • Annual profits slip at Imagination Tech as opex jumps

    Wednesday 19 Jun 2013

    Processor technology group Imagination Technologies saw annual revenues grow by a fifth after a better-than-expected increase in unit shipments, though profits more than halved after a jump in opex and continuing struggles at its loss-making digital radio division, Pure.

  • Berkeley ramps up full year profit

    Wednesday 19 Jun 2013

    FTSE 250 house building company Berkeley Group reported a 26 per cent hike in annual pre-tax profit and issued a further interim dividend following strong housing demand in London and the South of England.

  • Wednesday newspaper round-up: Deloitte, RBS, News Corp.

    Wednesday 19 Jun 2013

    A report by a cross-party group of MPs and peers believes senior bankers should face jail and lose bonuses if they are involved in a future banking collapse, The Telegraph reported. The government has been urged to introduce a new criminal offence for senior staff who run banks in a “reckless manner" along with stricter rules that could see managers being stripped of several years’ worth of pay.

  • London close: Markets move higher with Fed decision in focus

    Tuesday 18 Jun 2013

    After a subdued start, the FTSE 100 finished with impressive gains on Tuesday as investors put aside worries ahead of the key ‘risk event’ of the week, the monetary policy meeting at the Federal Reserve.

  • Sector movers: Banks gain on China rate-cut speculation

    Tuesday 18 Jun 2013

    Banking stocks were in demand on Tuesday on the back of reports that China could move to cut interest rates in an effort to combat a slowdown.

  • FTSE 100 movers: Whitbread jumps as Costa drives strong first-quarter growth

    Tuesday 18 Jun 2013

    Whitbread was performing well on Tuesday after the company reported a decent first quarter with group sales up 13.8 per cent, boosted by growth at Premier Inn and another strong performance from Costa which saw sales jump by an impressive 24.8 per cent.

  • easyJet agrees to buy 100 Airbus aircraft

    Tuesday 18 Jun 2013

    easyJet has made a deal with Airbus to acquire 100 New Generation A320 Aircraft for delivery from 2017 to 2022.

  • Broker tips: HSBC, RSA, SDL

    Tuesday 18 Jun 2013

    Citigroup has upgraded its recommendation for HSBC from 'neutral' to 'buy', saying that the future looks better for the global banking giant.

  • UK inflation rises more than expected in May -UPDATE

    Tuesday 18 Jun 2013

    UK consumer price inflation (CPI) rose in May driven by a record increase in airfares and fuel prices, data revealed Tuesday.

  • Tuesday tips round-up: AT&T, Ithaca Energy, Aggreko

    Tuesday 18 Jun 2013

    AT&T is interested in buying Spain’s Telefónica, according to reports Monday. The Financial Times’ Lex column believes Telefónica’s heavy debts of 70bn dollars net could make a deal easier as more than half of Telefónica’s value is in its debt. "So AT&T could pay a 40% premium for Telefónica’s shares and, because the debt’s value is fixed, pay a total premium of just 20%, or about $155bn,” the

  • Defence cuts hit Chemring

    Tuesday 18 Jun 2013

    Defence technology firm Chemring said first half revenue was hurt by reduced demand from it Countermeasures and Pyrotechnics & Munitions operations as it warned its markets are likely to remain challenging into 2014, particularly in the US.

  • SABMiller signs cooperation deal with Kopparberg

    Tuesday 18 Jun 2013

    FTSE 100-listed beverage giant SABMiller and Kopparberg Brewery AB have entered into a cooperation agreement for the long term licensing of Kopparberg cider products in selected markets.

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