Editor's Picks
Broker snap: Nomura has doubts about Pru's acquisition of Swiss Re unit
Thursday 31 May 2012
Nomura says that Prudential's acquisition of Reassure American Life Insurance Company (REALIC) from Swiss Re will indeed provide a short-term boost to earnings, but raises some 'strategic questions' for the UK-listed insurance giant.
Thursday broker round-up
Thursday 31 May 2012
Aviva, Babcock, BG, BHP, BT, Capita, Fiberweb, Fullers, G4S, Halfords, Home Retail, Kingfisher, Logica, Premier Oil, Prudential, RBS, SABMiller, Serco, Tate & Lyle, Thomas Cook, Xchanging
Spain must detail plans for Bankia, says EU
Thursday 31 May 2012
Spain needs to provide Europe with details on its plans for its fourth largest lender Bankia, according to the European Commission (EC).
Spain must detail plans for Bankia, says EU
Thursday 31 May 2012
Spain needs to provide Europe with details on its plans for its fourth largest lender Bankia, according to the European Commission (EC).
Commodities: Oil hits lowest level in over seven months
Thursday 31 May 2012
July crude oil futures dropped on Thursday to finish the month significantly lower as on-going concerns over global demand and worries over European debt pushed investors away from the commodity.
London open: Stocks rebound, Logica rockets after CGI bid
Thursday 31 May 2012
- Logica jumps 64pc after bid - Eyes on Ireland as public votes on fiscal treaty - Eurobonds still a possibility
UK consumer confidence ahead of expectations
Thursday 31 May 2012
GfK’s consumer confidence index for the month of May in the United Kingdom has improved to -29 points, from -31 in the month before.
Thursday tips round-up: Centamin, Severn Trent, Amec
Thursday 31 May 2012
The Egyptian gold miner Centamin still glistens for Questor in the Telegraph. It’s had a rough time during the Arab spring but is investing in a massive increase in production and could benefit from more stability following the elections in mid-June. Hold until the politics calms down in Cairo is the advice.
FX round-up: Spain worries drag on euro
Thursday 31 May 2012
Heightened fears about Spain's economic outlook sent the euro below $1.24 on Wednesday while the safe haven dollar made further gains.
Soggy sales figures at Kingfisher
Thursday 31 May 2012
It was a case of 'rain stops pay' at do-it-yourself retailer Kingfisher in the company's first quarter.
Thursday newspaper round-up: Irish vote, Spanish deficit, Indian GDP...
Thursday 31 May 2012
Ireland’s government is confident of victory in Thursday's eurozone fiscal pact referendum as secret official polling forecasts that over 60 per cent of Irish voters will tick the Yes box. Polling stations will close at 10:00 on Thursday after the only popular vote to be held in the 25 European Union countries that have signed up to a treaty that enshrines eurozone austerity rules into national
Prudential to buy US life business from Swiss Re
Thursday 31 May 2012
Financial services giant Prudential is to get its hands on Reassure American Life Insurance Company (REALIC) through the acquisition of its US holding company from Swiss Re.
US close: Flight to safety as Eurozone panic sets in
Wednesday 30 May 2012
- Investors turn to US government bonds and gold - RIM close to the edge after forecasting surprise operating loss - House builders battered by shock housing data - Retailers routed as retail survey suggests fall in like-for-like sales
London close: Stocks drop on Spanish worries
Wednesday 30 May 2012
- Spain in focus, bond yields surge - Eurozone economic sentiment slips - Miners fall on euro, Chinese concerns
RBS Chairman goes in to bat for his CEO
Wednesday 30 May 2012
Philip Hampton, Chairman of The Royal Bank of Scotland (RBS), staged a robust defence of his management team at the state-owned lender's annual general meeting on Wedenesday.
Forget Greece, Spain may exit the euro first
Wednesday 30 May 2012
The Chief Executive of economic consultancy Strategy Economics believes that Spain is more likely to leave the euro than Greece.
UK called on to promote investment spending
Wednesday 30 May 2012
The European Commission has urged the UK to do more to promote investment spending in a bid to reduce the deficit and bring about growth.
Ultra Electronics buys satellite firm
Wednesday 30 May 2012
Ultra Electonics, a technology company with interests in defence, transport and energy, has acquired satellite company Giga Communcations along with its associated businesses in Australia and the US.
Essar waiting for confirmation on Mahan coal block
Wednesday 30 May 2012
Essar Energy, the India-focused energy company, has said it is not in a position to confirm that its coal block at Mahan in Madhya Pradesh state is among those to have been provisionally approved by officials for stage one forest clearance.
UK mortgage lending up in April but still low -UPDATE
Wednesday 30 May 2012
Mortgage lending rose slightly in April but was still well below the 25-month high seen in January, when buyers rushed to take advantage of a stamp duty holiday.
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