Editor's Picks

Filter by:

  • A Greek exit would hit the periphery worst, says Fitch

    Monday 14 May 2012

    A ‘disorderly’ Greek exit from the Eurozone could lead to ratings cuts for companies across Europe, especially in the periphery, according to Fitch Ratings.

  • FX round-up: Dollar continues to power ahead

    Monday 14 May 2012

    The greenback continued to strengthen on Monday as political uncertainty in Greece and soaring bond yields for Spain and Italy spooked world markets.

  • The French have a new one, the Russians an old one and the Greeks haven't got one at all

    Monday 14 May 2012

    I appreciate that this could apply to many things such as economic policies, fashion sense or even kettles for all I know. However, my brain was heading towards those trying to find some effective leadership. Maybe the changes of last weekend might just be the catalyst for change that we have been waiting for to finally get things moving in Euroland and to try and break this seemingly intractable

  • Tuesday tips round-up: Petrofac, Travis Perkins, Rank

    Monday 14 May 2012

    Petrofac, the oil services firm, gets the once over from Questor in the Telegraph. The order book is strong at 9.6bn dollars, and the strategy is clear - the company provides oil knowhow to country’s trying to develop their resources. But the stock has risen recently so Questor thinks best to hold and buy on weakness.

  • Afren swimming in oil at Nigerian site

    Monday 14 May 2012

    Exploration firm Afren said it had found significant oil reserves at its Ebok North Fault Block well, offshore Nigeria.

  • London midday: Footsie down nearly two per cent on Greek uncertainty

    Monday 14 May 2012

    - Risk-off as Greek exit speculation weighs on sentiment - Eurozone finance ministers to focus on Greece, Spain and growth - Banks, miners lead the fallers on the Footsie

  • Eurozone finance ministers to focus on Greece, Spain and growth

    Monday 14 May 2012

    The Eurozone finance ministers known collectively as the Eurogroup hold a meeting today at 16:00 London time and will most likely be focused on political issues as they consider how to focus new policies towards bolstering growth in the euro are.

  • China lowers bank reserves requirement again

    Monday 14 May 2012

    The People's Bank of China has lowered its reserves requirement for banks by half a percentage point in another effort to stimulate credit and avoid a hard landing for world's second-largest economy.

  • Broker snap: Jefferies stays positive despite Chariot's Tapir South failure

    Monday 14 May 2012

    Jefferies has reiterated its buy recommendation for AIM-listed explorer Chariot Oil and Gas despite the recent disappoint at its Tapir South frontier exploration well in Namibia.

  • Europe midday: Majority of Greeks want a coalition, poll shows

    Monday 14 May 2012

    -Majority of Greeks (66%) want a coalition –Eleftheros Typos -ECB´s Coene says ‘amicable divorce’ with Greece possible –FT -EU may provide financing to Greece even after ‘exit’ –Der Spiegel/Bbg -Greek Syriza party balks at participating in coalition -ECB net lending to Spanish banks increased 16% in April -Spanish 10 year bond yields rise 32bp to 6.32%

  • London open: Stocks sink on Greek exit speculation

    Monday 14 May 2012

    - Political uncertainty in Greece, Germany weighs on sentiment - Officials consider Greek euro exit - Banks, miners drag on the FTSE 100

  • Monday broker round-up

    Monday 14 May 2012

    Antofagasta, Avanti, Chariot, Dixons, Logica, Shanks

  • Essar Oil hit by sales tax issues in India

    Monday 14 May 2012

    Essar Oil, Essar Energy's 87.09 per cent-owned Indian oil subsidiary, saw a sharp drop in earnings in the year to March 31st due to the reversal of a sales tax benefits and a planned plant shutdown.

  • Another blow to Merkel and German austerity

    Monday 14 May 2012

    German Chancellor Angela Merkel’s CDU party received yet another blow as the opposing social democrats strengthened their position in the country’s most populous state.

  • Monday newspaper round-up: Elections, Benefits, Jobs

    Friday 11 May 2012

    German Chancellor Angela Merkel suffered an electoral setback yesterday as opposition to European austerity measures spread across the continent. The German chancellor may be tempted to rethink her approach after her allies in the country's largest state, North Rhine-Westphalia, lost 9 per cent of the vote in their worst showing since the Second World War. The result left her in a weaker position

  • Commodities: Bearish news pressures crude oil

    Friday 11 May 2012

    Crude oil futures settled lower on Friday following disappointing Chinese data, news of a $2bn trading loss at JP Morgan Chase & Co and ongoing political turmoil in the Eurozone.

  • HSBC finds buyer for 62 Latin American branches

    Friday 11 May 2012

    HSBC, which styles itself as the world's local bank, is to become a bit less local in parts of Latin America following the agreed sale of its operations in Colombia, Peru, Uruguay and Paraguay.

  • Schaeuble says Eurozone can survive Greek exit

    Friday 11 May 2012

    In statements to the German Rheinishce Post newspaper, German Finance Minister Wolfgang Schaeuble said that the Eurozone can survive a Greek exit because the the risks of contagion have been reduced.

  • London midday: Banks and miners weigh on Footsie

    Friday 11 May 2012

    - Chinese economic figures weigh on mining stocks - JP Morgan trading loss dents UK banks - UK factory gate inflation eases less than expected

  • Broker snap: Nomura downgrades Wood Group to reduce

    Friday 11 May 2012

    Nomura has cut its rating on oil and gas services company Wood Group from neutral to reduce, saying that the stock's valuation is now demanding and its turbo-machinery services division GTS is at risk of disappointing.

Top of Page