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  • Vodafone's Deputy Chairman hangs up

    Wednesday 16 May 2012

    Sir John Buchanan, the Deputy Chairman and Senior Independent Director on the Vodafone board, is to retire after the mobile phone network giant's annual general meeting on July 24th.

  • Broker snap: UBS downgrades ratings for 'Glenstrata'

    Wednesday 16 May 2012

    UBS has downgraded its rating for Xstrata from buy to neutral, prompting an identical ratings cut for the mining group's potential merger-partner Glencore.

  • London open: Footsie at lowest levels since mid-December

    Wednesday 16 May 2012

    - Greek concerns dent Footsie again - Glencore, Sainsbury fall after going ex-dividend - Lamprell tanks on FTSE 250

  • Greggs slams government pasty tax again

    Wednesday 16 May 2012

    High street baker Greggs has used its latest market update to attack the "unworkable" VAT rise the government has planned for freshly baked food.

  • Merkel, Hollande defend Greece’s membership in Eurozone

    Wednesday 16 May 2012

    After François Hollande was sworn in as the President of France, he immediately flew to Berlin for his first meeting with the German Chancellor Angela Merkel. Despite the increased speculation as of late regarding a Greek exit from the Eurozone, in the press conference following their meeting, both leaders expressed that the country should stay part of the single-currency.

  • BG, Ophir make fifth straight gas find in Tanzania

    Wednesday 16 May 2012

    Natural gas companies BG Group and Ophir Energy have hailed their fifth consecutive gas discovery in Tanzania with the Mzia-1 well in Block 1 showing 'significant potential upside'.

  • Tullow gushes over excellent start to the year

    Tuesday 15 May 2012

    After a series of successful oil discoveries oil giant Tullow was sounding understandably pleased with itself in its interim management statement.

  • ICAP warns of slow activity in current year

    Tuesday 15 May 2012

    Inter-dealer broker ICAP saw both revenue and pre-tax profit slip in the year ended March 31st as a result of the tough macro-economic environment, something which has continued into the current year.

  • Wednesday newspaper round-up: Greece, RBS, AstraZeneca

    Tuesday 15 May 2012

    As leaders in Athens accepted the need for a new general election to end a national stalemate, the International Monetary Fund said Europe’s leaders should prepare for the possibility of a Greek departure from the single currency. Christine Lagarde, head of the IMF, warned she was “technically prepared for anything” and said the utmost effort must be made to ensure any Greek exit was orderly. The

  • FTSE 100 movers: IAG is biggest faller after downgrade

    Tuesday 15 May 2012

    Airline company IAG was pressured into the bottom spot after JP Morgan Cazenove downgraded its recommendation from overweight to neutral.

  • Greece to hold new elections, European stocks slip

    Tuesday 15 May 2012

    Greek leaders have exited the presidential palace announcing their inability to form a coalition government and will have to hold a new round of elections as a result.

  • Compass ahead of expectations in first half

    Tuesday 15 May 2012

    Catering firm Compass posted results that were slightly better than expected, driven by new business wins and a high rate of contract retention.

  • US open: Stocks mixed as Greece calls new elections

    Tuesday 15 May 2012

    The main US equity gauges have started the session ‘mixed’ (Dow Jones Industrial: -0.09%; Nasdaq Comp.: 0.21% S&P 500: -0.04%), despite futures having spent the better part of the ´pre-open´ pointing to a moderate bounce at the start of trading.

  • London midday: Footsie edges higher as Eurozone avoids recession

    Tuesday 15 May 2012

    - Eurozone GDP flat in first quarter - German GDP surprises to the upside - UK trade deficit narrows slightly

  • London open: Stocks rebound on German GDP data

    Tuesday 15 May 2012

    - German GDP surprise to the upside - Eurogroup rules out Greek exit - G4S on track to meet full-year guidance

  • Land Securities weathers tough second half

    Tuesday 15 May 2012

    Despite growth in property values stalling in the second half of its financial year, real estate investment trust Land Securities said it continued to build shareholder value.

  • Eurogroup rules out Greek exit, shows confidence in Spain

    Tuesday 15 May 2012

    The Eurozone finance ministers known collectively as the Eurogroup showed their support for Greece at yesterday’s meeting, ruling out the possibility that the Hellenic Republic would exit the single currency. At the same time, they gave their backing to Spain, trusting that Spanish authorities would get its banking sector back into shape.

  • Tuesday newspaper round-up: Greece, Gilts, Energy

    Monday 14 May 2012

    The new left-wing star of Greek politics is gambling that the European Union cannot afford to kick Greece out of the euro. Alexis Tsipras of the Radical Left Coalition (Syriza), which took a surprise second place in the May 6 election and is expected to win a rerun, wants to rip up the harsh terms of Greece’s international bailout agreement while remaining in the common currency. After a week of

  • Developed markets continue to recover, says G4S

    Monday 14 May 2012

    International security solutions firm G4S said profits in the first three months of 2012 were, as expected, at similar levels to the corresponding period of last year.

  • Afren hails success of first quarter operations

    Monday 14 May 2012

    Oil exploration firm Afren said profits rose considerably in the first quarter after significant oil finds.

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