Editor's Picks
FTSE 100 movers: Glencore and Xstrata rise despite rumours
Wednesday 04 Jul 2012
Potential merger partners Glencore and Xstrata were high risers despite reports the Xstrata shareholder Knight Vinke said it was against the deal on its original terms.
Diamond faces MPs - live
Wednesday 04 Jul 2012
Former Barclays Chief Executive Bob Diamond faces MPs on the Treasury Select Committee about his - and his former bank's - role in the Libor fixing scandal. Here you'll get up to the moment coverage of the latest developments.
Broker snap: Nomura downgrades Barclays on uncertainty
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'.
London midday: Footsie edges lower on weak PMI data
Wednesday 04 Jul 2012
- PMI data from China and Europe disappoints - US markets closed for July 4th - Investors await policy decisions tomorrow
What the papers say: The demise of Diamond
Wednesday 04 Jul 2012
The Financial Times claims Bob Diamond has thrown a political grenade at the Deputy Governor of the Bank of England by publishing an email suggesting Paul Tucker gave his tacit blessing to Barclays reducing their LIBOR submissions. The paper also ponders who will take over from Diamond at the top of Barclays, noting whoever it is will face very tough choices on the future of Diamond’s baby, the
Carillion profits down in first half
Wednesday 04 Jul 2012
Support services firm Carillion has confirmed predictions that its profits will be lower in the first half of the year.
What the papers say: The demise of Diamond
Wednesday 04 Jul 2012
The Financial Times claims Bob Diamond has thrown a political grenade at the Deputy Governor of the Bank of England by publishing an email suggesting Paul Tucker gave his tacit blessing to Barclays reducing their LIBOR submissions. The paper also ponders who will take over from Diamond at the top of Barclays, noting whoever it is will face very tough choices on the future of Diamond’s baby, the
Johnson Service to close 100 dry-cleaning shops
Wednesday 04 Jul 2012
Dry-cleaning, textile rental and facilities management business Johnson Service said it will close 100 out of its 460 dry-cleaning shops by the end of the year.
Carillion profits down in first half
Wednesday 04 Jul 2012
Support services firm Carillion has confirmed predictions that its profits will be lower in the first half of the year.
Margins on the up at Taylor Wimpey
Wednesday 04 Jul 2012
Echoing statements made by sector peer Persimmon on Tuesday, house builder Taylor Wimpey said the first half of 2012 was a stable one for the housing market, enabling the group to report improvements across all of its key financial metrics.
Commodities: Oil setttles at five-week high
Tuesday 03 Jul 2012
Crude oil futures surged 4.7 per cent on Tuesday to close at a five week high on worries about renewed tensions between Iran and the West.
London pre-open: Small declines forecast for FTSE
Tuesday 03 Jul 2012
City sources predict the FTSE 100 will open down 12 points from yesterday's close of 5,688, with little guidance from the US following a half day of trading.
Record first-half revenues for Tullow
Tuesday 03 Jul 2012
Tullow Oil expects revenues in the first half of 2012 to set a new record and said that it remains well-placed for continued success for the rest of the year.
Bonds: Ireland to return to bond markets, yields below Spain´s
Tuesday 03 Jul 2012
These were the yields and basis point movements of some of the most watched 10 year bonds by the close in Europe:
FTSE 100 movers: Barclays rises on Diamond's exit
Tuesday 03 Jul 2012
Making headlines this morning was the news that Bob Diamond has called its quits at Barclays, bowing in to political pressure following last week's news that the bank was involved in Libor manipulation. Marcus Agius, who said yesterday that he would resign as Chairman, is to become a full-time Chairman while the board searches for a new CEO. Shares advanced after this morning's announcement.
London midday: Barclays, miners provide a lift in London
Tuesday 03 Jul 2012
- Investors welcome departure of Barclays CEO - Stimulus hopes drive gains for equity markets - Miners track metals prices higher
Wednesday newspaper round-up: BoE, Boeing, Wood Mackenzie
Tuesday 03 Jul 2012
Charles Goodhart has called on the Bank of England’s Monetary Policy Committee (MPC) to stop its quantitative easing programme because it is damaging the economy. Professor Goodhart, of the London School of Economics and a member of The Times’ Shadow MPC, said that instead it should cut interest rates to 0.25%, from lows of 0.5%, and start buying private sector bonds, as opposed to gilts. He also
Broker snap: Diamond's departure eases pressure on Barclays
Tuesday 03 Jul 2012
Investec has reiterated its 'buy' recommendation and 240p target price for UK banking group Barclays, but said it is disappointed with the news that Chief Executive Officer Bob Diamond has resigned.
WPP expands footprint in Brazil
Tuesday 03 Jul 2012
The most-used cheque-book in the City got another outing on Tuesday as acquisitive advertising conglomerate WPP strengthened its presence in Brazil.
Tuesday broker round-up
Tuesday 03 Jul 2012
Anite, Avocet, BG, BP, BTG, Chemring, Greene King, Heritage Oil, Man, Meggitt, N Brown, Petrofac, Reed Elsevier, Regus, SOCO, Standard Life
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