Editor's Picks
London midday: Triple-digit losses for the Footsie
Wednesday 23 May 2012
- Papademos says preparations being made for Greek exit - CBO warns of US recession - Chinese growth to be hampered if Greece leaves euro
Bank of England policy makers 'finely balanced' on more QE
Wednesday 23 May 2012
At their latest meeting the Bank of England's top decision makers indicated that more of them were on the verge of voting to increase stimulus measures.
Preparations for Greece’s euro exit maybe underway, concedes Papademos
Wednesday 23 May 2012
Former Greek Prime Minister Lucas Papademos has confirmed that while Greece has not been preparing to exit the euro, other countries could be studying the issue.
Broker snap: Things to get worse at FirstGroup, says Charles Stanley
Wednesday 23 May 2012
Charles Stanley has left its hold recommendation and 250p target price in place for transport firm FirstGroup after its full-year results this morning.
London open: Stocks drop ahead of EU summit
Wednesday 23 May 2012
- Risk aversion ahead of EU summit - Papademos warns of 'catastrophic' effects - Burberry sinks after full-year results
Thursday tips round-up: Bloomsbury, FirstGroup, HICL
Wednesday 23 May 2012
In the Telegraph, Questor wonders whether the publishers of the Harry Potter books, Bloomsbury, still has the magic touch. If it does, it will need to 'get with the programme' on digital platforms - so a 159 per cent increase in ebook sales last year is welcome news.
Barclays prices Blackrock offering
Wednesday 23 May 2012
UK banking titan Barclays has announced the pricing details of the open offer part of its recently announced sale of its stake in US wealth management giant Blackrock.
Burberry hits full-year forecasts
Wednesday 23 May 2012
Iconic British luxury brand Burberry reported profits broadly in line with expectations in the year ended March 31st.
Wednesday newspaper round-up: Britain, Merkel, China
Tuesday 22 May 2012
The Bank of England should cut interest rates, print more money and ease the regulatory pressure on banks as part of a radical set of measures to return Britain to recovery, the International Monetary Fund has urged. Warning that weak growth was putting the country at risk of permanently high unemployment, the Bretton Woods institution called for swift and co-ordinated action between the Bank and
AMEC goes after Serco business
Tuesday 22 May 2012
International engineering company AMEC announced it was in discussions to buy Serco's nuclear Technical Consulting Services (TCS) business.
Small cap round-up: Thomas Cook, Endace, Baltic Oil Terminals
Tuesday 22 May 2012
Thomas Cook, the struggling package tour operator, has sold its 77% stake in Thomas Cook India to a subsidiary of the financial services firm Fairfax Financial Holdings. The sales will net Thomas Cook around £94m and is equivalent to 50 rupees per share, which the firm said was a premium of 11% to the market price immediately prior to the announcement of the auction process. The disposal is part
Brokers queue up to praise Chamberlin
Tuesday 22 May 2012
Engineering firm Chamberlin said revenue and earnings are now at higher levels than they were before the recession bit in the last decade.
London midday: Stocks rise ahead of EU summit
Tuesday 22 May 2012
- Miners wanted on Chinese stimulus speculation - Fitch downgrades Japanese rating - Markets await EU summit tomorrow, OECD backs eurobonds
UK inflation falls faster than expected - UPDATE
Tuesday 22 May 2012
Price rises slowed faster than expected in April pushing the inflation rate down to 3%, the lowest it has been in two years.
London open: Footsie jumps one per cent early on
Tuesday 22 May 2012
- ECB provides 100bn euros to Greece - Markets await EU summit - Miners, financials on the up early on
Cobham extends Thrane offer period
Tuesday 22 May 2012
Defence technology group Cobham has extended the offer period for shareholders in Danish satellite communications outfit Thrane and Thrane to sell up.
FX round-up: Yen falls after Fitch ratings cut
Tuesday 22 May 2012
Demand for the dollar picked up again on Tuesday, sending the dollar index to the highest level since the start of the year, as concern about the Eurozone rumbles on and as Fitch ratings agency downgraded Japan.
Homeserve to face FSA probe
Tuesday 22 May 2012
Homeserve, the home emergency insurance and repairs group, said that it was facing an investigation by the Financial Services Authority over 'certain historic issues'.
Commodities: Oil resumes losses
Tuesday 22 May 2012
Crude oil futures resumed losses on Tuesday in lighter than usual trading as fears about the Eurozone continued to undermine confidence in future oil demand.
Burberry hits full-year forecasts
Tuesday 22 May 2012
Iconic British luxury brand Burberry reported profits broadly in line with expectations in the year ended March 31st.
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