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  • IMF says UK is 'a long way' from recovery

    Wednesday 22 May 2013

    A report by the International Monetary Fund (IMF) into the UK economy has said the country is a long way from recovery and needs to rebalance.

  • Broker snap: ARM weighed down by broker comments after investor day

    Wednesday 22 May 2013

    Shares in chip designer ARM Holdings were under heavy selling pressure on Wednesday following the group's investor day this week, with a number of brokers choosing to remain cautious on the name given the stock's sky-high valuation after a strong rise so far this year.

  • London open: Stocks dip as focus turns to central banks

    Wednesday 22 May 2013

    Markets pulled back from new 13-year highs on Wednesday morning as traders turned cautious ahead of statements from central banks in the UK and US.

  • Britvic boosts profit despite tough markets

    Wednesday 22 May 2013

    Soft drinks firm Britvic served up a strong set of interim results, after an improved underlying performance across the business, but cautioned market conditions remain challenging.

  • Wednesday newspaper round-up: Japan, BP, RBS and Lloyds...

    Wednesday 22 May 2013

    The Bank of Japan has held off on new monetary easing, according to the Financial Times, "judging that the huge stimulus unveiled in April will be enough to spur price gains in the world’s third-largest economy". The central bank said that Japan has "started picked up".

  • London close: Stocks surge as earnings impress, inflation eases

    Tuesday 21 May 2013

    Well-received results from a number of FTSE 100 heavyweights and a sharp drop in consumer-price inflation in the UK lifted London’s benchmark index to fresh multiyear highs on Tuesday.

  • Broker snap: Panmure says Carnival is a 'serial disappointer'

    Tuesday 21 May 2013

    Shares in Carnival sunk on Tuesday morning after the cruise operator issued a profit warning, prompting Panmure Gordon to slash its forecasts and keep a 'sell' rating.

  • UK retail sales drop sharply in April, as food prices bite

    Tuesday 21 May 2013

    UK retail sales volumes fell sharply in April, by 1.3 per cent month-on-month (0.5 per cent year-on-year) as the poor weather continued to lead shoppers to forego purchases of seasonal goods, especially in the food segment, according to the Office for National Statistics (ONS), although food price inflation seems to have been a factor as well.

  • Factory gate inflation much weaker than forecast in April

    Tuesday 21 May 2013

    Factory gate inflation trailed off to a 1.1 per cent year-on-year rate of increase in April, according to the Office for National Statistics (ONS), versus a rise of 1.9 per cent in the month before.

  • London open: Markets hold on to 12-year highs

    Tuesday 21 May 2013

    Markets were trading within a narrow range on Tuesday morning after finishing at 12-year highs the day before, as traders consider how much further the impressive year-to-date rally has to go.

  • Intermediate Capital sees record AuM but profits drop

    Tuesday 21 May 2013

    FTSE 250-listed asset manager Intermediate Capital, otherwise known as ICG, has unveiled record assets under management (AuM) for 2012/13 but profits dropped sharply as the company didn't exit as many investments during the year.

  • Rolls Royce wins order for Trent XWB engines from the US

    Monday 20 May 2013

    Rolls-Royce, the FTSE 100 engineering giant, has won an order from US leasing company CIT Aerospace for Trent XWB engines to power ten Airbus A350 XWB aircraft and Trent 700 engines to power 13 Airbus A330 aircraft.

  • US newspaper round-up: Actavis, JPMorgan, Yahoo...

    Monday 20 May 2013

    Actavis, the New York-listed generic drugmaker, is to buy Warner Chilcott in a stock-swap deal that values the latter at five billion dollars, writes The Wall Street Journal. The deal will be completed before the end of 2013 with the new company being led by the current Actavis team.

  • London midday: Footsie flat as miners dampen earlier gains

    Monday 20 May 2013

    The FTSE 100 had erased its early-morning gains by Monday lunchtime, as strong performances by easyJet and RBS were offset by heavy falls in the mining sector.

  • Broker snap: Nomura downgrades Next after strong run

    Monday 20 May 2013

    Nomura has downgraded its rating for High Street giant Next from 'buy' to 'neutral' after the recent strong performance in the share price.

  • London open: Markets open higher as surge continues

    Monday 20 May 2013

    London's benchmark index was trading at levels not seen in over a decade on Monday morning, boosted by record closing prices in the States on Friday on the back of an improved outlook for the global economy.

  • MITIE boosted by move into healthcare

    Friday 17 May 2013

    MITIE Group, the FTSE 250 facilities, property and energy management firm, met headline profit forecasts with its full-year report on Monday, though statutory results were hit by an increase in one-off items as the company underwent a restructuring and made it first move into the healthcare market.

  • Carnival issues brutal profit warning on full-year EPS

    Friday 17 May 2013

    Cruise ship operator Carnival, the world’s largest, issued a brutal profit warning overnight for its full-year earnings per share, primarily as a result of lower net revenue yield expectations due to its current cruise ticket pricing.

  • London midday: Markets rally as banks rise

    Friday 17 May 2013

    After a subdued start, the FTSE 100 pushed into positive territory ahead of the opening bell in New York with financials leading the rise after a broker upgrade.

  • Tuesday preview: M&S and Vodafone report

    Friday 17 May 2013

    Marks & Spencer (M&S) and Vodafone are expected to make waves Tuesday when they release their full-year results.

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