Editor's Picks
Mobile revenues drive growth at Betfair
Friday 29 Jun 2012
Online betting exchange Betfair says profits grew by over a half in the 12 months to the end of April as mobile revenues drove growth.
Broker snap: Water stocks in 'sweet spot', says UBS
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.
London open: Stocks jump on summit developments
Friday 29 Jun 2012
- EU leaders make break-through agreements
Melrose to take over Elster, announces rights issue
Friday 29 Jun 2012
Two weeks after confirming speculation that it was interested in German engineering group Elster, buy-out firm Melrose said that it is looking to take over the firm by spending 2.3bn dollars, or 1.5bn pounds.
FSA declares British Banks in yet another scandal
Friday 29 Jun 2012
British banks look to be at the centre of another yet another scandal as the Financial Services Authority (FSA) revealed it has found 'serious failings' in the way lenders sold complicated interest rate protection products to businesses.
European summit achieves breakthrough agreements
Thursday 28 Jun 2012
In the statement issued after the first day of the summit European leaders declared their resolve to, “break the vicious circle between banks and sovereigns,” once an effective system for joint bank supervision has been set up.
London midday: Banking stocks tank on Libor controversy
Thursday 28 Jun 2012
- EU summit to begin soon - UK GDP in line with initial estimates - Libor scandal hits Barclays, banking stocks
Friday tips round-up: Ladbrokes, DS Smith, Pursuit Dynamics
Thursday 28 Jun 2012
In The Telegraph, Questor weighs up the odds on Ladbrokes, which issued a profit warning for its digital business yesterday, resulting in a 12 per cent drop in the share price. The problem is, it is taken an inordinately long time to get the new website up and running, while some big sporting events have also gone against bookmakers, leaving them with annoyingly large payouts. Despite the high
FX round-up: Dollar puts other currencies in the shade
Thursday 28 Jun 2012
The dollar rose on Thursday as the two-day EU summit got underway as Europe's financial leaders try to agree on a solution to deal with the on-going crisis.
Friday newspaper round-up: BSkyB, RBS, Eurozone
Thursday 28 Jun 2012
Dividing News Corporation into two companies will not result in a fresh bid for BSkyB because the company has “moved on”, Rupert Murdoch said yesterday. The News Corp chairman and chief executive said that he would be an “active chairman” of both companies, one focusing on entertainment and the other on publishing newspapers, books and educational material. But in an interview with The Times, Mr
Commodities: Crude falls on Europe concerns and stronger dollar
Thursday 28 Jun 2012
Crude oil futures dropped to their lowest level since October 4th on Thursday, pushed into decline by worries over the two-day EU summit which is focused on dealing with Europe's on-going financial crisis.
EU summit to tackle debt crisis
Thursday 28 Jun 2012
The summit of the European Council will start this afternoon at 14:00 London time and last until tomorrow; European leaders will be looking to tackle the sovereign debt crisis as they work towards a plan for tighter integration.
London open: Stocks slip ahead of EU summit, Barclays under fire
Thursday 28 Jun 2012
The Footsie opened lower on Thursday morning as investors remained cautious ahead of what is likely to be a closely watched EU summit in Brussels that kicks off today.
Thursday tips round-up: Petrofac, Northgate
Thursday 28 Jun 2012
In the Telegraph, Questor is cautious on the oil and gas engineering services firm Petrofac. Its long term prospects look good, but the price of oil has been falling, which has knocked Petrofac’s share price. Clients also seem to be taking rather a long time to fully commit to contracts. With that in mind, Questor says hold.
Commodities: Oil above $80
Thursday 28 Jun 2012
Crude oil futures rose back above $80 a barrel on Wednesday in US trading after a weekly government report revealed a decline in inventories.
London and Stamford buys Unilever HQ in South East
Thursday 28 Jun 2012
Property company London and Stamford has completed the acquisition of an office building located on Leatherhead Office Park in the South East.
International Power's shares suspended
Thursday 28 Jun 2012
Shares of energy giant International Power (IPR) were suspended from trading on the London Stock Exchange (LSE) on Thursday morning as its takeover by parent company GDF SUEZ faced delays.
Shell extends offer deadline for Cove, again
Thursday 28 Jun 2012
Royal Dutch Shell has extended its offer for AIM-listed oil and gas producer Cove Energy by a further two weeks and urged Cove shareholders who have not yet accepted to do so.
Xstrata appeases shareholders with share awards for management
Wednesday 27 Jun 2012
Xstrata has bowed into pressure from angry investors and announced that retention awards for management as part of its merger with Glencore will paid in shares instead of cash and will be subject to their future performances.
London close: Stocks surge after US data
Wednesday 27 Jun 2012
- US data fuels buying late on - EU summit in focus tomorrow - Xstrata appeases shareholders, Barclays rises despite ‘market manipulation’
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