Editor's Picks
Microsoft to buy Yammer
Tuesday 26 Jun 2012
The rush to secure a foothold in the social media world hotted up again as Microsoft said it would pay more than a billion dollars for office network Yammer.
BP sells North Sea fields
Tuesday 26 Jun 2012
Oil giant BP said it had struck a deal to sell interests in two North Sea oil fields to Japanese firm Mitsui.
Commodities: Crude stages late turnaround
Tuesday 26 Jun 2012
Crude oil futures staged a last minute turnaround to finish modestly higher on Tuesday after a report said US home prices rose for first time since last autumn.
Tuesday newspaper round-up: EU, Brent, Xstrata
Tuesday 26 Jun 2012
David Cameron has been warned by one of the country’s leading bankers that the biggest threat to the City is the possibility of Britain leaving the European Union. Peter Sands, the chief executive of Standard Chartered, had a breakfast meeting with the Prime Minister on Monday during which he is understood to have raised concerns over a British breakaway. The warning was sounded amid growing
Commodities: Crude turns lower again
Tuesday 26 Jun 2012
Crude oil futures settled lower on Monday as investors moved positions ahead of the European Union summit to tackle the Eurozone debt crisis.
FX round-up: Dollar up on safe haven demand
Tuesday 26 Jun 2012
Demand for safe haven currencies sent the dollar higher against the euro on concern that the upcoming EU summit will do little to tackle the ongoing Eurozone debt crisis.
Petrofac buoyed by Mexican contract
Tuesday 26 Jun 2012
Oil and gas services provider Petrofac has again reiterated its full-year profit guidance, saying that both its Engineering, Construction, Operations and Maintenance (ECOM) and Integrated Energy Services (IES) divisions are making good progress.
Tuesday tips round-up: Morrisons, Kier, Segro
Tuesday 26 Jun 2012
In the Telegraph, Questor gives supermarket chain Morrisons a pummelling. The stock fell yesterday on news of the finance director leaving, while in some crucial areas the company appears to be playing catchup, notably in online sales and convenience stores. Trading on 10 times earnings, and lagging the competition, Questor says avoid.
London close: Eurozone uncertainties fuel risk aversion
Monday 25 Jun 2012
- Cautious mood ahead of EU summit - Spain officially asks for EU aid - Shire finishes down 11 per cent on generic competition issues
Gatwick narrows losses
Monday 25 Jun 2012
Gatwick Airport narrowed its losses as it was boosted by new routes to Asian markets and increased shortfall trips to Europe .
BP announces sale of Wyoming assets
Monday 25 Jun 2012
BP has announced the sale of its interests in the Jonah and Pinedale upstream operations, Wyoming, to LINN Energy.
US open: Supreme Court may rule on Obama health-care plans
Monday 25 Jun 2012
US equity benchmarks have started the day lower by 1% on average. That on lessened optimism as regards the outlook for any concrete results that might come out of this week´s European Union summit.
Broker snap: Shire's ADHD drug business will shrink, says Panmure
Monday 25 Jun 2012
Shire Pharmaceuticals lost more than a tenth of its market value on Monday on concerns over generic competition to its Adderall XR drug which prompted Panmure Gordon to downgrade its near-term forecasts for the group.
Rio Tinto takes to the seas
Monday 25 Jun 2012
Mining giant Rio Tinto said it had begun shipping coal out of Mozambique, starting with 34,000 tonnes of coking coal from its Benga Mine in the Moatize Basin.
London midday: Markets nervous ahead of EU summit
Monday 25 Jun 2012
- Shire tumbles after generic ADHD deal gets approval - Spain officially requests aid - Investors look to EU summit
Schäuble urges EU banking union, warns Greece
Monday 25 Jun 2012
German Finance Minister Wolfgang Schäuble made yet another push for an EU banking union while warning Greece that it needs to stop seeking help and start dealing with its own problem.
Monday broker round-up
Monday 25 Jun 2012
African Barrick, Aquarius, Avocet, Bovis, Carnival, Centamin, Cove, Halfords, Hammerson, Hardy, IAG, IHG, Petropavlovsk, Polymetal, Randgold, Reckitt, SABMiller, Sage, Serica, Shire, StanChart
Ithaca blockage hits shares
Monday 25 Jun 2012
North Sea explorer Ithaca Energy fell in early trading on Monday after the firm said one of its wells was blocked and not producing oil.
Broker snap: Nomura upgrades Polymetal by two notches to 'buy'
Monday 25 Jun 2012
Shares of precious metals producer Polymetal International were given a lift on Monday morning by Nomura, which upgraded its rating on the stock from 'reduce' to 'buy'.
Morrisons Finance Director to check out
Monday 25 Jun 2012
Richard Pennycook, the Finance Director at Morrison Supermarkets (Morrisons), is to go his own way in a year's time.
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