Editor's Picks
EC 'not worried' about pressure on Spain’s credit spread
Tuesday 29 May 2012
The European Commission is reacting to the seemingly inexorable rise in Spain's credit spread with a certain amount of sang froid.
Topps Tiles sales shrink
Tuesday 29 May 2012
Tile specialist Topps Tiles managed to stop shrinking sales in the seven weeks to 19th May, following a boost in trading in the run up to Easter, but reported a drop in sales in the half year to end-March.
Four Greek banks receive liquidity injection
Tuesday 29 May 2012
Greece’s four largest banks, National Bank, Alpha, Eurobank and Piraeus Bank received a huge liquidity injection on Monday, distributed via bonds from the European Financial Stability Facility (EFSF).
Government U-turn on 'pasty tax'
Tuesday 29 May 2012
The Government is to back down on plans to introduce VAT on hot savouries, such as Cornish Pasties.
BG Group sells Brazilian business
Monday 28 May 2012
BG Group is to sell its majority stake in Brazilian gas distributor Comgás for around 1.7 billion dollars.
CBI reports retail revival; business sentiment improving -UPDATE
Monday 28 May 2012
High Street sales are on the up and business sentiment is growing, according to the Distributive Trades Survey from the Confederation of British Industry (CBI) on Tuesday.
FX round-up: Greenback pulls off recent highs
Monday 28 May 2012
The dollar eased off recent highs in light trading as the latest opinion polls in Greece suggest pro austerity parties are gaining support.
PM launches new loan scheme for young entrepreneurs
Monday 28 May 2012
A start-up loan scheme for young people looking to start up their own business has been launched by the Prime Minister.
IMF upsets Greeks with tax-dodging claims
Monday 28 May 2012
International Monetary Fund (IMF) Managing Director Christine Lagarde made some controversial remarks in an interview with The Guardian; she later sought to clarify her statements following the outrage expressed by Greeks.
Broker tips: Capita, AVEVA, Inmarsat
Monday 28 May 2012
UBS has upgraded its rating for outsourcing group Capita from neutral to buy on the back of improving trading momentum combined with a depressed valuation.
London midday: Financials, miners lift Footsie higher
Monday 28 May 2012
- Support for New Democracy increases - Financials, miners advance in morning trade - Some European, US markets closed today
BoE will hit inflation target, chief economist says
Monday 28 May 2012
In an interview in this weekend’s Sunday Times the Bank of England’s (BoE) chief economist, Spencer Dale, defended the efficacy of the central bank’s quantitative easing policy and stated his belief that the 2% inflation target will be met.
Monday broker round-up
Monday 28 May 2012
888, Aggreko, Aveva, Britvic, CWC, Capita, Dairy Crest, Diageo, ENRC, Entertainment One, Hargreaves Services, HomeServe, Inmarsat, Lloyds, Mothercare, National Grid, Sportech, Tate & Lyle
Polls in Greece put pro-bailout party in the lead
Monday 28 May 2012
Several opinion polls published this weekend show pro-bailout party New Democracy as the favourite to win the elections in Greece on June 17th.
Broker snap: Bankia's targets cut; a penny stock in the making?
Monday 28 May 2012
Analysts at Nomura have cut their price target for Bankia from 1.10 euros to just 20 cents after the nationalised bank requested a 19bn-euro bailout from the Spanish government.
Market overview: IAG down on Spanish woes
Monday 28 May 2012
1000: Shares of International Airlines Group are now leading fallers on the top share index on press reports that both Bankia, the troubled Spanish lender, and the Spanish government, will sell their stakes in IAG. FTSE 100 up 38 to 5,390.
Diageo to acquire Brazilian rum brand
Monday 28 May 2012
Drinks giant Diageo is set to buy Ypioca, one of Brazil's largest cachaca brands in Brazil, the company announced on Monday.
Scot Investment sees robust growth despite market volatility
Monday 28 May 2012
Returns at FTSE 250 global equity investment group Scottish Investment Trust outpaced its benchmarks in half year ended April 30th despite the economic uncertainty that has gripped stock markets in recent months.
Small cap round-up: Globo, GCP Infrastructure, Max Property, Dods Group
Monday 28 May 2012
Globo, the mobile telecoms and software firm, said trading during 2012 to date had been strong with international revenues and profits dominating the group's overall performance. During the first five months of 2012, the company won additional contracts with five new Mobile Value Added Services Providers operating in Central America, Africa, Middle East and had business with a total 24 Mobile
Commodities: Crude settles higher in light trade
Monday 28 May 2012
Crude oil prices advanced on Monday in lighter than usual trade with stock markets in the US and parts of Europe closed for a holiday.
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