Editor's Picks
FX round-up: Euro pares losses
Wednesday 20 Jun 2012
The euro shrugged off early losses to rise against the dollar, in choppy trading, as markets assessed the Federal Reserve's decision to continue with "Operation Twist".
Commodities: Crude closes above $79
Wednesday 20 Jun 2012
Crude oil futures rose on Friday but nursed a weekly loss of five per cent amid concern about future demand as global growth weakens.
FTSE 100 movers: Sage provides a lift after acquisition
Wednesday 20 Jun 2012
Accountancy software behemoth Sage Group was the best performer on the blue-chip index today after acquiring a majority interest in Folhamatic Group, a provider of accounting, tax and payroll and regulatory content software in Brazil, for 125m pounds. Investec upgraded its rating on the stock today from 'sell' to 'hold' after the shares surpassed its target price.
FTSE 250 movers: Imagine, says Goldman
Wednesday 20 Jun 2012
Invensys has shot higher after the British maker of rail signaling and industrial automation systems told investors that it is evaluating options including a sale after Emerson Electric expressed interest in buying some or all of the company, people familiar with the situation told Bloomberg.
London midday: Stocks gain on stimulus hopes
Wednesday 20 Jun 2012
- Stocks pare losses after MPC minutes - Markets await the Fed decision later today - Aviva, ITV and Sage gain; ex-div stocks drag
Broker snap: ITV tender offer implies EPS upgrades
Wednesday 20 Jun 2012
Panmure Gordon has reiterated its 'buy' rating and 125p target price for terrestrial broadcaster ITV following Monday's announcement of a tender offer.
Rajoy criticises bank-bailout abroad after praising it at home
Wednesday 20 Jun 2012
At the G20 summit in Mexico, Spanish Prime Minister Mariano Rajoy criticised the effect that the bailout of the Spanish banking sector has had on Spain's sovereign bond yields. As such, Spaniards may have a hard time overlooking the fact that Rajoy touted the bailout of the Spanish banking sector as a victory during a press conference at home. Nor did Rajoy do anything to prevent public debt from
Benefits claims up but unemployment falls
Wednesday 20 Jun 2012
The number of people claiming unemployment benefits rose unexpectedly in May.
Governor outvoted in close vote on more QE
Wednesday 20 Jun 2012
June's vote on whether to beef up the Bank of England's asset purchasing programme (also known as quantitative easing, or QE) was closer than expected, with a 5-4 split on the Monetary Policy Committee (MPC) in favour of maintaining the status quo.
Wednesday broker round-up
Wednesday 20 Jun 2012
Burberry, Chariot, Home Retail, Imagination Tech, IAG, ITV, Kesa, Moneysupermarket, Morrisons, Next, Pendragon, Petrofac, Sage, Sirius, Thomas Cook, Travis Perkins, TUI, Weir
UK foreign direct investment crown at risk
Wednesday 20 Jun 2012
The UK could be overtaken by Germany within two years as Europe's leading destination for inward investment, according to new research.
Benefits claims up but unemployment falls - Update
Wednesday 20 Jun 2012
The number of people claiming unemployment benefits rose unexpectedly in May.
Wednesday newspaper round-up: London, FSA, Falklands
Tuesday 19 Jun 2012
Ryanair has launched its third bid for rival airline Aer Lingus in six years, despite previous attempts having been blocked on competition grounds. The low-cost carrier made a shock announcement after the stock markets closed that it is offering 1.30 euros per Aer Lingus share in an all cash bid, which values the Irish flag carrier at about 694m euros (560m pounds). The offer represents a 38.3%
FTSE 100 movers: Whitbread pushes FTSE higher
Tuesday 19 Jun 2012
Forecast-beating like-for-like (LFL) sales growth in its first quarter saw shares of Whitbread jump during Tuesday's session. The Premier Inn and Costa Coffee owner reported that LFL sales increased by 4.5%, better than expectations of a 3.0% improvement.
Rio Tinto puts its money on iron
Tuesday 19 Jun 2012
Rio Tinto is banking on strong demand continuing from China as it announced it is investing billions in two iron ore operations.
Sage goes for a Brazilian
Tuesday 19 Jun 2012
Accountancy software behemoth Sage Group has acquired a controlling interest in Folhamatic Group, a provider of accounting, tax and payroll and regulatory content software in Brazil.
Commodities: Spanish bond auction spurs oil demand
Tuesday 19 Jun 2012
Crude oil futures climbed above $84 a barrel on Tuesday as the Federal Open Market Committee convened for a two-day meeting and as investors cheered a successful Spanish bond auction.
FX round-up: Euro bounces to one month high
Tuesday 19 Jun 2012
The euro rallied to its best level in a month on Tuesday as investors took heart from a relatively successful Spanish bond sale while the dollar declined on fears that the Federal Reserve will extend stimulus measures.
Direct bank recapitalisation is not possible, says Eurogroup
Tuesday 19 Jun 2012
European legislation does not permit the European rescue fund to directly recapitalise banks, according to one Eurogroup official.
Broker snap: Jefferies remains a buyer of Weir
Tuesday 19 Jun 2012
Jefferies has reiterated its 'buy' recommendation and 2,185p target price for engineering giant Weir Group, saying that consensus upgrades are in order following Tuesday's Capital Markets Day.
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