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  • Broker snap: AstraZeneca downgraded by Jefferies

    Friday 06 Jul 2012

    Jefferies has downgraded its recommendation for pharmaceuticals giant AstraZeneca from 'buy' to hold' after the recent strong performance in the shares.

  • FX round-up: Euro trades at 2-year low against dollar

    Friday 06 Jul 2012

    The euro fell to a two-year low against the dollar on Friday as traders digested a dismal snapshot of the US jobs market.

  • AB Foods buys ethnic flour brand from Premier Foods

    Friday 06 Jul 2012

    Food, ingredients and retail firm Associated British Foods (ABF) is to buy ethnic flour brand Elephant Atta from Premier Foods, the company announced on Friday.

  • AGA sales fail to rise

    Friday 06 Jul 2012

    Cooker maker AGA Rangemaster said a strong performance in May was followed by a quiet June, as the group continues to experience tough trading conditions, particularly in Ireland.

  • Aviva ups size of Delta Lloyd disposal

    Friday 06 Jul 2012

    Having promised on Thursday that it would raise money from disposals, insurance giant Aviva has moved quickly to act on that pledge by saying it will sell more of its stake in Delta Lloyd than originally intended.

  • Friday newspaper round-up: Sinners, BP, North Sea

    Thursday 05 Jul 2012

    A group of 172 leading economists have written an open letter to Angela Merkel warning her that her decision to agree to allow Eurozone bail-out funds to support sinner states was "wrong". The economists, who included Hans-Werner Sinn, head of Ifo, the influential think tank, argued that the German chancellor had taken a dangerous step towards a "banking union". More specifically, in the letter,

  • Aviva ups size of Delta Lloyd disposal

    Thursday 05 Jul 2012

    Having promised on Thursday that it would raise money from disposals, insurance giant Aviva has moved quickly to act on that pledge by saying it will sell more of its stake in Delta Lloyd than originally intended.

  • FTSE 100 movers: GKN leaps into the top spot after acquisition

    Thursday 05 Jul 2012

    Shares in GKN rocketed after the announcement of its acquisition of Volvo Aero for 633m pounds. To help fund the deal GKN aims to place £140m of new shares with institutional investors, with the rest of the money coming from new debt facilities.

  • AB Foods buys ethnic flour brand from Premier Foods

    Thursday 05 Jul 2012

    Food, ingredients and retail firm Associated British Foods (ABF) is to buy ethnic flour brand Elephant Atta from Premier Foods, the company announced on Friday.

  • Friday tips round-up: GKN, Babcock, Cineworld

    Thursday 05 Jul 2012

    In the Telegraph, the Questor column is very happy with engineering firm GKN’s takeover of Volvo’s engine division for 633m pounds. The deal pushes the group into becoming one of the top 10 suppliers to the commercial aircraft industry. GKN also trades at a relatively modest 8.3 times earnings. Questor says buy.

  • Aviva to remain focused on developed markets for now

    Thursday 05 Jul 2012

    John McFarlane, the new executive Chairman of Aviva, has outlined detailed of the insurance giant's new strategic direction which, not for the first time, will result in changes at the senior management level.

  • Commodities: Oil and gold pushed lower by stronger dollar

    Thursday 05 Jul 2012

    Oil ended the day lower on Thursday, pushed into decline by a strong dollar and concerns about the global economy, as central banks in Europe and China took action to boost growth.

  • Pennon expands waste management division with bolt-on acquisition

    Thursday 05 Jul 2012

    Water group Pennon has acquired waste collection and recycling business JWT Holdings in an effort to expand its waste management activities, particularly in the collection, recycling and energy recovery sectors.

  • Scandal and the City: Where does the solution lie?

    Thursday 05 Jul 2012

    Equitable Life, Liar Loans, Arch Cru, PPI – these are just a few of the numerous scandals to hit the headlines in recent decades.

  • GKN raises cash to buy Volvo aero arm

    Thursday 05 Jul 2012

    Global engineering firm GKN said it had agreed to buy Volvo's aero engine division and would turn to institutional investors to raise money to help pay for it.

  • Broker tips: Barclays, Burberry, Taylor Wimpey

    Wednesday 04 Jul 2012

    After assessing the 'large uncertain risk' of the LIBOR scandal, Nomura has cut its rating for under-pressure UK banking group Barclays from 'neutral' to 'reduce' and reduced its target price from 268p to 210p.

  • UK house prices up in June

    Wednesday 04 Jul 2012

    UK house prices crept up in June but the market remains flat overall, according to new figures.

  • Thursday newspaper round-up: Barclays, ECB, QE

    Wednesday 04 Jul 2012

    City regulators raised concerns with Barclays’s board in February about a breakdown of trust with the bank over incidents including a £7.5bn Cayman Islands scheme known as Protium to transfer toxic assets off its balance sheet. Andrew Tyrie, the chairman of the Treasury Select Committee, yesterday questioned ex-Barclays boss Bob Diamond over the Financial Services Authority’s worries about

  • Xstrata adjourns shareholder vote

    Wednesday 04 Jul 2012

    Mining group Xstrata has adjourned the extraordinary general meeting at which shareholders were to vote on the recommended merger with Glencore International until a later date.

  • FX round-up: Dollar rises in subdued trading

    Wednesday 04 Jul 2012

    The dollar gained in tighter than usual trading on Wednesday with US markets closed for Independence Day and ahead of central bank meetings in Europe.

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