Editor's Picks

Filter by:

  • Broker snap: Investec halves target price for Lamprell

    Monday 11 Jun 2012

    Investec has halved its target price for energy markets-focused engineer Lamprell from 200p to 100p following last week's profit warning.

  • Commodities: Crude snaps losing streak

    Monday 11 Jun 2012

    US crude oil future settled higher on Tuesday, snapping a three-day losing streak, as demand mirrored markets gains.

  • Properties take longer to sell as market 'stagnates'

    Monday 11 Jun 2012

    The vast majority of homes now take over three months to sell, according to surveyors.

  • Monday broker round-up

    Monday 11 Jun 2012

    Antofagasta, Ashtead, Barclays, BP, Craneware, ENRC, Flybe, Glaxo, Helical Bar, HSBC, IAG, Johnson Matthey, Lamprell, Lloyds, RBS, Serco, Smiths, StanChart, Tate & Lyle, Tesco, WH Smith

  • Spain bailout: Victory or window dressing?

    Monday 11 Jun 2012

    European markets are clearly celebrating the announcement of Spain’s bailout as its major benchmarks soar 2.1% on average. Madrid’s Ibex35 index itself is rocketing up by 3.8% while the European banking sector is leading the advancers with a 3.6% rise.

  • Monday newspaper round-up: China, RBS, Syria

    Friday 08 Jun 2012

    China’s leadership remains under pressure to rescue the world’s second-biggest economy from an ugly slowdown, despite a surprise leap in foreign trade last month. Exports surged by 15.3 per cent compared with May last year, while imports increased by 12.7 per cent thanks to a rise in demand for crude oil, iron ore and copper. In April, by contrast, exports grew by 4.9 per cent while imports edged

  • Wednesday preview: Sainsbury set to embarrass Tesco

    Friday 08 Jun 2012

    Sainsbury, once king of the hill in the UK grocery market, is set to embarrass the current market leader, Tesco, when it issues a trading update on Wednesday.

  • Glencore finalises purchase of Namibian zinc miner

    Friday 08 Jun 2012

    Commodities producer and marketer Glencore has completed the purchase of a majority interest in Namibian zinc mining group Rosh Pinah Zinc Corporation.

  • FTSE 100 movers: Miners fall as investors reach for utilities

    Friday 08 Jun 2012

    Metals prices were retreating throughout Friday's session, pressuring mining stock lower. Vedanta, Kazakhmys, Antofagasta, Xstrata, Rio Tinto, Glencore and ENRC were among the worst performers. A stronger dollar was making greenback-denominated commodities more expensive early on, with crude prices also taking a tumble, denting the likes of Tullow Oil and BP.

  • London midday: Stocks weighed down by Spain, Bernanke

    Friday 08 Jun 2012

    - Spain downgraded by Fitch - Bernanke comments weigh on markets - Investors nervous ahead of Chinese data this weekend

  • FTSE 250 movers: Lamprell tanks on profit warning

    Friday 08 Jun 2012

    Energy markets-focused engineer Lamprell was battered after sneaking out a profit warning on Thursday after the London market closed, saying that it now expects to make a half-year loss of between $15m and $20m, compared with earlier guidance of "a small loss". The group also said that Chairman Jonathan Silver would step down.

  • FX round-up: Euro pulls off lows on Spanish bailout hopes

    Friday 08 Jun 2012

    The euro was down against the dollar on Friday as markets mulled Spain's three-notch credit downgrade and as expectations of a possible rescue package increase.

  • Spain will not ask for a bank rescue this weekend

    Friday 08 Jun 2012

    Spain will ask the European Union for bank rescue funds this next weekend, according to two senior EU officials being cited this morning by Reuters. Although no figure has yet been set, Eurogroup finance ministers will hold a conference call tomorrow to discuss the details and issue a statement thereafter that report holds. Remarks, yesterday, from the Spanish Prime Minister however would seem to

  • Commodities: Oil pushed lower by Bernanke comments

    Friday 08 Jun 2012

    Oil futures ended the day lower on Thursday, dragged down by a speech from Federal Reserve President Ben Bernanke before Congress’s joint economic committee.

  • Reservations and prices up at Bellway

    Friday 08 Jun 2012

    House builder Bellway said demand throughout the spring selling season has remained resilient with visitor levels and reservation rates running ahead of expectations.

  • Rolls-Royce to take over Aero Engine Controls

    Friday 08 Jun 2012

    Power systems group Rolls-Royce is to take full control of Aero Engine Controls (AEC), the engine controls joint venture it established in January 2009 with US aerospace giant Goodrich.

  • London close: Stocks gain with central banks in the spotlight

    Thursday 07 Jun 2012

    - Gains trimmed after Bernanke comments - China surprises with rate cut - BoE maintains rates and QE

  • FTSE 100 movers: Johnson Matthey in top spot after top year

    Thursday 07 Jun 2012

    Platinum refiner Johnson Matthey jumped into the top spot after hailing another year of strong growth as it delivered numbers ahead of market expectations and a special divi worth a quid a share.

  • Marks and Spencer CEO misses out on bonus top-up

    Thursday 07 Jun 2012

    Marks and Spencer’s directors missed out on an additional bonus payment last year after a key profitability target was not met, meaning that its Chief Executive Officer’s (CEO’s) total pay was more than halved.

  • Serco buys Vertex public sector arm

    Thursday 07 Jun 2012

    Serco Group, the international services company, has increased its public sector exposure with the purchase of Vertex Public Sector Ltd for 55.5 million pounds.

Top of Page