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The News Channel brings you comprehensive breaking financial news, updated throughout the trading day. See the most relevant stories, regulatory news, economic reports, expert commentary and much more.

Kazakhmys rejects ENRC approach

Friday 09 May 2008

Copper miner Kazakhmys has rejected an indicative £7.05bn bid approach from fellow Kazakh miner Eurasian Natural Resources (ENRC).

HMV sees FY profit at upper end

Friday 09 May 2008

Music and games retailer HMV reported a 10.1% rise in like-for-like sales in the 16 weeks ended 26 April and said it expects full-year profits before tax and exceptional costs to be towards the upper end of market expectations.

London close: Week's gains surrendered

Friday 09 May 2008

London ended the week on a dull note, giving up all of the gains seen earlier this week, with fallers today outnumbering risers by three to one among Footsie constituents. ENRC's rejected bid approach for Kazakhmys came after the bell and too late to affect proceedings.

Market Buzz

Market overview: FTSE 100 closes down 66
Friday 09 May 2008

1630: The FTSE 100 slumped deep into the red today with financials among the fallers after US insurance giant AIG announced $7.81bn of losses in its first quarter results.

Insurers Royal and Sun Alliance and Old Mutual shed around 3% in sympathy.

Carphone Warehouse led the fallers, with analysts saying its recent joint venture with US electronics retailer Best Buy will not be enough to solve its current problems.

Expert Views

He huffed and he puffed and he.....sent a repossession order!

As a first time home-owner, I am nothing if not tired of picking up my daily newspaper only to be repeatedly bombarded with truly terrifying headlines concerning house prices.

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Market Reports

London close: Week's gains surrendered

Friday 09 May 2008

London ended the week on a dull note, giving up all of the gains seen earlier this week, with fallers today outnumbering risers by three to one among Footsie constituents. ENRC's rejected bid approach for Kazakhmys came after the bell and too late to affect proceedings.

More Market Reports

Company News

Kazakhmys rejects ENRC approach

Friday 09 May 2008

Copper miner Kazakhmys has rejected an indicative £7.05bn bid approach from fellow Kazakh miner Eurasian Natural Resources (ENRC).

More Company News

Strategy Articles

The Technical vs. Fundamental Approach

Thursday 06 Mar 2008

One of the most common arguments amongst market commentators is what works best – the fundamental approach or the technical approach.