Editor's Picks
Small cap round up: Oxford Catalysts, Rubicon, Earthport
Tuesday 03 Jul 2012
Synthetic fuels company Oxford Catalysts jumped on Tuesday after the firm said it had been selected to supply technology to the GreenSky London waste-biomass to jet fuel project. GreenSky London has been established to create Europe's first commercial scale sustainable jet fuel facility. Its leading partner is British Airways. Oxford's shares rose 10% following the announcement.
Tuesday tips round-up: Segro, AstraZeneca, Soco International
Tuesday 03 Jul 2012
Industrial estates don’t often set the heart racing but Questor in the Telegraph is rather partial to the logistics hubs owned by property firm Segro. The firm has just spent 130m pounds on a portfolio of warehouse estates in Paris and Lyon.
FTSE 250 movers: Talvivaara dives on production warning
Tuesday 03 Jul 2012
Resource group Talvivaara plunged after saying that it is unlikely to hit its nickel production targets this year as a result of flooding, scheduled maintenance and a fatality-related stoppage during its second quarter.
Broker snap: Back Bob at Barclays, says Invesctec
Monday 02 Jul 2012
Investec has reiterated its 'buy' rating and 240p target price for UK lender Barclays, saying that investors should take full advantage of the stock's recent underperformance.
Tuesday newspaper round-up: Glaxo, the City, Finland
Monday 02 Jul 2012
GlaxoSmithKline paid for American psychiatrists to enjoy luxury weekends in Hawaii as it illegally sought to persuade them to prescribe an anti-depressant drug for children, US authorities alleged, as they handed the UK drugs company fines totalling a record 3 billion dollars (1.9 billion pounds). The historic penalty came as Britain's biggest drugmaker admitted to mis-promoting two medicines,
FTSE 100 movers: Aberdeen off on Credit Suisse placement
Monday 02 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.
FTSE 100 movers: Aviva rises on restructuring
Monday 02 Jul 2012
Shares in Aviva leapt on Monday following reports which emerged over the weekend which are saying the insurance giant is set to sell or wind down between 10 and 15 of its 58 businesses.
FX round-up: Euro falls after manufacturing data
Monday 02 Jul 2012
The euro lost its grip on the previous session's gains, falling against the dollar and most other currencies, as data showed a surprise fall in US and Chinese manufacturing last month.
London midday: Footsie advances as Barclays rebounds
Monday 02 Jul 2012
- Better-than-expected manufacturing data from Asia - Eurozone jobless rate at all-time high - UK manufacturing PMI beats forecasts
Aviva Chairman retires as market awaits recovery plan
Monday 02 Jul 2012
Lord Colin Sharman has retired as Chairman of troubled insurance giant Aviva; he’s being replaced by John McFarlane, who has become Executive Chairman.
Commodities: Crude and gold rally fizzles out
Monday 02 Jul 2012
Crude oil futures retreated on Monday, surrendering some of Friday's steep gains, after disappointing manufacturing data from China and the US.
FTSE 250 movers: SOCO Int'l leaps on conditional agreement
Monday 02 Jul 2012
Oil and gas group SOCO International surged after entering into a 'conditional' agreement with Lizeroux Oil & Gas to acquire the 20% minority interest in SOCO Vietnam that the group does not already own.
Broker snap: Back Bob at Barclays, says Invesctec
Monday 02 Jul 2012
Investec has reiterated its 'buy' rating and 240p target price for UK lender Barclays, saying that investors should take full advantage of the stock's recent underperformance.
Monday newspaper round-up: Food prices, Chinese banks, Bad debts
Friday 29 Jun 2012
Worries about world food prices are increasing, stoked by a 10 per cent rise in US corn and wheat prices in just a week. The jump was driven by the current spell of hot, dry weather in the US Midwest, which is suffering record-breaking temperatures in some areas. Similar weather back in 1988, creating one of the most damaging droughts in US history, cut the country's corn production by more than
FTSE 250 movers: Berkeley rises on profit surge
Friday 29 Jun 2012
House-builder Berkeley Group jumped after seeing both revenues and profits surge in the 2011/2012 fiscal year and saying it would hit its medium-term profit targets quicker than first thought.
Barclays Chairman quits following Libor scandal
Friday 29 Jun 2012
Marcus Agius, the Chairman of UK banking group Barclays announced his resignation at the weekend, following the revelation last week that the bank had been found guilty of manipulating interbank lending rates.
Commodities: Crude soars over 9 per cent
Friday 29 Jun 2012
Crude oil futures soared more than 9 per cent on Friday, the biggest one day gains since March 2009, as investors cheered major steps taken by EU leaders to sooth the region's banking crisis.
Broker tips: Water stocks, M and S, Vodafone
Friday 29 Jun 2012
UK water stocks - United Utilities, Pennon and Severn Trent - are in 'a sweet spot in current markets', according to UBS which says they provide safe returns and consistent outperformance.
FTSE 100 movers: Barclays wobbles after 'serious failings'
Friday 29 Jun 2012
Following Barclays's 16 per cent drop yesterday after it was found to have manipulated interbank lending rates, shares were swinging between gains and losses today after the Financial Services Authority (FSA) revealed it has found "serious failings" in the way lenders sold complicated interest rate protection products to businesses. Some businesses claim they have been bankrupted by the
RBS dismisses 10 traders, PA reports
Friday 29 Jun 2012
Royal Bank of Scotland has dismissed 10 traders in connection with the alleged manipulation of Libor rates, the Press Association (PA) reports, citing unidentified sources.
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