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  • UK manufacturing outpaced expectations in March -UPDATE

    Thursday 10 May 2012

    Industrial production in the United Kingdom fell by 0.3 per cent month-on-month (-2.6% year-on-year) in March, according to the latest data out from the Office for National Statistics (ONS).

  • Spain nationalises Bankia in yet another bank bailout

    Thursday 10 May 2012

    Spain’s Ministry of Economy confirmed late on Wednesday night that it will kick-start the process by which the state will assume control of distressed lender Bankia.

  • Greece fails to form a coalition…again

    Thursday 10 May 2012

    Not unexpectedly Greece once again failed to form a coalition government and radical left party Syriza threw in the towel, passing the baton to the third most voted party Pasok.

  • Old Mutual looking to emerging markets

    Thursday 10 May 2012

    South African financial conglomerate Old Mutual said it saw positive net client cash flows throughout the group in the first quarter, while sales continued to be strong in emerging markets.

  • HSBC mulls sale of some Latin American operations

    Thursday 10 May 2012

    The reshaping of global banking colossus HSBC continues with the group confirming it is talks about the possible sale of its operations in Colombia, Peru, Uruguay and Paraguay.

  • Change at the top as Legal and General appoints new CEO

    Thursday 10 May 2012

    Risk, savings and investment management provider Legal and General has appointed its Chief Financial Officer (CFO) Nigel Wilson as its new Chief Executive Officer (CEO), replacing Tim Breedon when he steps down from the board next month..

  • Divi disappointment at BT

    Thursday 10 May 2012

    Slightly better than anticipated earnings could not shield BT Group from the bears on Thursday as hopes were dashed of a dividend bonanza in the wake of the telecoms giant sorting out its pension overhang.

  • US close: Losses pared as EFSF releases emergency funds for Greece

    Wednesday 09 May 2012

    Stocks slumped in early trading on Wednesday on the back of the political uncertainty in Greece and while losses were pared late on, all three of the US benchmarks finished firmly in negative territory.

  • London close: Greece continues to weigh on stocks

    Wednesday 09 May 2012

    - Greek politics weighs on sentiment - Merkel tells Greece to stick to austerity - Sage, Weir fall heavily after updates

  • Prudential tilting even more to the east

    Wednesday 09 May 2012

    Asia continues to be the engine of growth for insurance behemoth Prudential, while the significance of the UK diminishes.

  • Strikes planned to protest state pension system reforms

    Wednesday 09 May 2012

    The UK state pension system is to be overhauled in a bid to simplify and modernise the way it operates, the government has revealed.

  • FCAM AUM grows but outflows continue

    Wednesday 09 May 2012

    F and C Asset Management (FCAM) has seen strong investment returns in the first quarter offset by significant outflows of investor funds.

  • Europe midday: Spanish equities getting pummeled

    Wednesday 09 May 2012

    -Spanish banks may be asked to provision up to extra €40bn -Investors undecided on effectiveness of Spanish bank restructuring -Spanish 10 year bond yields reach 6.04% -Spanish press says Bankia misstated assets, citing Deloitte -Bloomberg

  • ITV reducing its dependence on ads

    Wednesday 09 May 2012

    While the focus at ITV is typically on net advertising revenues (NAR), the broadcaster's programme making unit, ITV Studios, is becoming increasingly significant.

  • Market tastes the difference at Sainsbury's

    Wednesday 09 May 2012

    After disappointing trading updates recently from supermarket colossi Tesco and Morrisons the market could taste the difference in Sainsbury's figures, which did not disappoint.

  • Thursday tips round-up: Petra Diamonds, F and C Asset management, Inmarsat

    Wednesday 09 May 2012

    Petra Diamonds, the diamond miner is still catching the eye of Questor in the Telegraph, who has been banging on about the stock for ages (it’s currently tip of the year).

  • London open: Stocks claw back after heavy sell-off

    Wednesday 09 May 2012

    - Eurozone political uncertainty still ongoing - ITV, Sainsbury, Glencore wanted after updates - Weir and Sage fall sharply

  • April showers keep retail sales down

    Wednesday 09 May 2012

    After a strong showing in March retail sales values fell in April after wet weather kept shoppers away, according to the British Retail Consortium (BRC).

  • Weir Group has rocky first quarter

    Wednesday 09 May 2012

    Engineering giant Weir Group said that strong first quarter trading in its minerals and industrial businesses made up for a plunge in orders in its oil and gas division.

  • IHG sees strong growth in Americas, China

    Wednesday 09 May 2012

    Hotels group InterContinental Hotels saw solid revenue per available room (RevPAR) growth in the first quarter of 2012, helped by an increase in rates and occupancy, as well as strong performances in the Americas and China.

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