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  • US close: Stocks nudge higher on Greek draft agreement

    Wednesday 08 Feb 2012

    - Stocks end higher as Greek drafts deal. - Greece to cut minimum wage by 20%. - Caesers soars on stock market debut.

  • London close: Stocks slip as Greek talks commence

    Wednesday 08 Feb 2012

    - Greek talks now underway in Athens. - Investors await policy decision by BoE tomorrow. - Reckitt leads risers after full-year results.

  • Broker tips: Reckitt, SuperGroup, HomeServe

    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.

  • Broker snap: Credit Suisse cautious about 2012 at Glaxo

    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”.

  • London midday: Stocks up as investors await news from Greece

    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.

  • Broker snap: Solid results from Reckitt, says Nomura

    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.

  • SuperGroup experiences January sales wobble

    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.

  • Sanofi sees Q4 profit rise but expects a drop in 2012

    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.

  • Mixed bag at BHP Billiton - UPDATE

    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.

  • Greece: More meetings while 'close' gets no closer

    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.”

  • Broker snap: Solid results from Reckitt, says Nomura

    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 tips round-up: Xstrata, 888, TalkTalk

    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.

  • North America and LNG to dampen Intl. Power's growth

    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.

  • Homeserve to cut 200 jobs as struggles continue

    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.

  • Polymetal pays off JV partner, takes full-ownership of Veduga

    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.

  • FX round-up: Euro hits two-month high against dollar

    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.

  • London pre-open: FTSE 100 to take lead from US

    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.

  • Rio Tinto approves $3.4bn Pilbara expansion

    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.

  • FTSE 100 movers: Glenstrata deal hits shares in both firms

    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

  • Reckitt identifies 16 'power markets'

    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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