Editor's Picks
FTSE 100 movers: Evraz hits lowest price since joining index
Wednesday 27 Jun 2012
Evraz fell to its lowest price since it began trading on the index in November, with investors likely to be concerned by an announcement from a major steelmaker in Germany, Salzgitter AG, in which it said it in no longer able to forecast that it's steel division will break even in 2012.
Merkel in hardline opposition to eurobonds
Wednesday 27 Jun 2012
Just as the Eurozone prepares to start off its two-day European Council summit tomorrow and Friday, German Chancellor Angela Merkel has reiterated her staunch opposition to the idea of jointly-issued debt known as 'eurobonds'.
Barclays guilty of market manipulation
Wednesday 27 Jun 2012
Barclays Bank is to pay a 290 million pound fine following an investigation by UK and US regulators into manipulation of inter-bank lending rates.
Jubilee boosts retail sales
Wednesday 27 Jun 2012
The Queen's Diamond Jubilee weekend pushed retail sales up sharply in June, according to new figures.
FTSE 100 movers: Evraz hits lowest price since joining index
Wednesday 27 Jun 2012
Evraz fell to its lowest price since it began trading on the index in November, with investors likely to be concerned by an announcement from a major steelmaker in Germany, Salzgitter AG, in which it said it in no longer able to forecast that it's steel division will break even in 2012.
Broker snap: Jefferies cuts Aviva to 'hold'
Wednesday 27 Jun 2012
Shares of insurance giant Aviva were advancing on Wednesday morning with the stock shrugging off a downgrade by Jefferies from 'buy' to 'hold'.
Mortgage lending drops as owners clear debts
Wednesday 27 Jun 2012
Banking industry figures show mortgage approvals for house purchases fell to a 13-month low in May.
FTSE 100 movers: Evraz hits lowest price since joining index
Wednesday 27 Jun 2012
Evraz fell to its lowest price since it began trading on the index in November, with investors likely to be concerned by an announcement from a major steelmaker in Germany, Salzgitter AG, in which it said it in no longer able to forecast that it's steel division will break even in 2012.
Glencore-Xstrata merger at risk as shareholders raise doubts
Wednesday 27 Jun 2012
Commodities marketer and producer Glencore International has confirmed rumours that it is looking into shaking up management incentive arrangements as part of its multi-billion dollar merger with mining giant Xstrata.
Wednesday tips round-up: Stagecoach, Melrose, Carpetright
Wednesday 27 Jun 2012
In the Telegraph, Questor makes the case for Stagecoach, which owns the East Midlands and South West Trains franchises as well as a very large bus network. Broadly, train companies are suffering in the recession but buses are doing well and the North American Megabus gamble appears to be paying off. Trading at 10 times earnings with a decent three per cent yield, the stock is a buy.
British Land does deal with Daily Mail
Wednesday 27 Jun 2012
Real estate investment trust British Land done a deal with the Daily Mail owners to buy the land which is currently home to the newspaper's printing operations.
StanChart income growth limited by USD strength
Wednesday 27 Jun 2012
Emerging markets-focused lender Standard Chartered (StanChart) said that the robust income growth seen in the first quarter continued into the second, although foreign exchange (FX) movements are still limiting the increase.
Governor pessimistic on recovery
Tuesday 26 Jun 2012
Analysts said they were confident that more quantitative easing (QE) was on the way in July after Bank of England policy makers gave downbeat evidence to MPs this morning.
Sweett plummets on delays
Tuesday 26 Jun 2012
Sweett Group, the international property and infrastructure consultancy, said its results would miss market expectations after two deals were hit by delays.
Tuesday broker round-up
Tuesday 26 Jun 2012
Advanced Medical Solutions, Cairn, Carnival, Carpetright, Cookson, Domino Printing, DS Smith, ENRC, Falkland, IMI, Informa, Kier, Ladbrokes, Northgate, Ocado, Shire, Stagecoach, TalkTalk, William Hill
Wednesday newspaper round-up: Glencore, Falklands, Samsung
Tuesday 26 Jun 2012
The 65bn dollar (42bn pound) mega-merger between commodities giant Glencore and miner Xstrata was close to collapse last night after Qatar’s sovereign wealth fund said it was unhappy with the deal. In a shock announcement, Qatar Holdings, Xstrata’s second-biggest shareholder with 10.4 per cent, said that, while it saw “merit in a combination of the two companies, it is seeking improved merger
London midday: Stocks flat on mixed Eurozone news
Tuesday 26 Jun 2012
- German consumer sentiment improves - Cyprus asks for a bailout - Perhipery bond auctions see yields rise
Weak demand for Spanish debt at latest auction
Tuesday 26 Jun 2012
Spain tapped the sovereign debt market on Tuesday morning for a total of 3.077bn euros in three- and six-month bills; however, as yields advanced, demand for Spanish debt was weak.
Wolfson tech chosen for new Samsung phone
Tuesday 26 Jun 2012
Computer chip designer Wolfson said its audio technology had been picked by Samsung for a new smartphone, the GALAXY S III.
Broker snap: Nomura remains a buyer of Stagecoach
Tuesday 26 Jun 2012
Nomura has reiterated its 'buy' recommendation and 305p target price for transport group Stagecoach after its full-year figures came in four per cent higher than forecasts.
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