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  • Broker snap: Panmure Gordon cuts target on Mitchells & Butlers to 225p

    Thursday 17 May 2012

    Pubs group Mitchells & Butlers reported profit before tax of 68m pounds (12.4p earnings per share) for the 28 weeks to April 7th; slightly ahead of Panmure Gordon´s forecast of 63m pounds (11.3p earnings per share), reflecting an 8m pound reduction in interest charges.

  • US pre-open: JP Morgan´s trading losses increase 50 per cent

    Thursday 17 May 2012

    The main US equity futures are now being called to open roughly 0.2 per cent lower. That on the back of reports that Moody´s is to downgrade several Spanish banks this afternoon, and ahead of important macro-economic data releases.

  • London midday: Greek crisis continues to dampen sentiment

    Thursday 17 May 2012

    - IMF tells Greece to stick to austerity - FOMC expresses concerns over euro crisis - Yields rise at Spanish bond auction, again

  • Europe close: Investors wonder how inevitable a Greek exit really is

    Thursday 17 May 2012

    -Spain´s PM says urgent EU guarantee stability -JP Morgan CEO says Greek exit could lead to instability in Spain -PIMCOs El-Erian says Greek exit probably inevitable

  • LSE firing on all cylinders

    Thursday 17 May 2012

    Revenue and profits at bourse operator London Stock Exchange came in ahead of expectations, with the group boasting of strong performances across all four of its business divisions.

  • Europe midday: Schaeuble expects financial turmoil to lessen in 24 months

    Thursday 17 May 2012

    -Bankia could ask government for €10bn in rescue funds-El Economista -Spanish banks want short-selling ban reinstated -Cinco Días -Bankia leads gains on Ibex 35 and Stoxx 600

  • Fed official warns of ‘traumatising’ effects of euro breakup

    Thursday 17 May 2012

    James Bullard, the president of the St Louis Federal Reserve Bank, has warned of the devastating effects that a break-up of the Eurozone would have on the US economy although he believes that the monetary union will push on.

  • Grainger outperforms the UK housing market

    Thursday 17 May 2012

    A turn-around in the fair value of derivatives hit pre-tax profit at Grainger, the asset and property management focused on the residential sector.

  • Talk Talk posts leap in profits, raises divi above expectations

    Thursday 17 May 2012

    Telecoms giant Talk Talk posted a pre-tax profit significantly ahead of the previous year, sending the share price soaring in earling trading.

  • London open: Greek contagion fears sink stocks again

    Thursday 17 May 2012

    - Greek exit contagion fears grip markets again - ECB stops support for some Greek banks - FOMC reveal concerns over the euro crisis

  • Aviva to take all year to find new CEO

    Thursday 17 May 2012

    Aviva, the general insurer which recently lost its Chief Executive Officer (CEO) after a shareholder revolt over pay, says it has made a solid start to 2012.

  • Emerging markets drive strong growth at Vedanta

    Thursday 17 May 2012

    Diversified mining group Vedanta Resources saw robust growth in revenue in the year to the end of March after achieving record production of several key commodity classes.

  • Thursday newspaper round-up: Spain, Mortgages, India

    Wednesday 16 May 2012

    Mariano Rajoy pleaded for an urgent “defence of the euro project” yesterday as Madrid was close to being locked out of international markets by “astronomical” borrowing costs. The prime minister of Spain called for European leaders to publicly back the so-called 'sinner states’ amid fears that contagion from Greece could trigger a highly-anticipated Spanish banking crisis and then a bail-out. Mr

  • Antofagasta's earnings have golden hue

    Wednesday 16 May 2012

    Higher gold prices and improved production volumes of copper and gold gave Antofagasta a boost in the first quarter of 2012.

  • Thursday tips round-up: SSE, Ricardo, Lamprell

    Wednesday 16 May 2012

    SSE, formerly Scottish and Southern Energy, has seen profits down as a result of a warmer winter, and higher wholesale gas prices. It’s also suffered from having to stop controversial door-to-door sales, a process which cost 60m pounds. Despite a prospective yield of 6.4 per cent, Tempus in the Times can’t see any reason to buy.

  • Spending cuts hit Alliance Boots

    Wednesday 16 May 2012

    Alliance Boots, the parent company of High Street of health and beauty chain Boots, caught a cold last year as profits fell on the back a cut in governmental reimbursement for generic medicines and reduced sales of cold and flu products.

  • ECB pares support to Greek banks as citizens withdraw funds

    Wednesday 16 May 2012

    The European Central Bank (ECB) is increasingly refusing requests for liquidity by Greek banks, according to reports in the Dutch financial press.

  • London midday: Greece, UK concerns pull Footsie to five-month low

    Wednesday 16 May 2012

    - Footsie nears five-month low - Potential Greek exit grips markets - Bank of England cuts GDP forecast, unemployment falls

  • Bank of England cuts growth forecast

    Wednesday 16 May 2012

    The Bank of England has toned down its economic growth projections for the UK economy in its May inflation report.

  • US open: Equities pop higher after economic data

    Wednesday 16 May 2012

    US equities have started the day slightly higher as the latest economic reports Stateside seem to have served to shield investors from the heightened uncertainty surrounding the situation in Greece.

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