Editor's Picks
Glaxo goes hostile in HGS takeover
Tuesday 08 May 2012
GlaxoSmithKline has taken an offer of 13 dollars a share directly to the shareholders of Human Genome Sciences (HGS).
London close: Footsie drops to 2012-low on euro uncertainty
Tuesday 08 May 2012
- Global stock markets plunge on Greek uncertainty - Footsie sinks to 19-week low - Miners lead the sell-off in London
FX round-up: Dollar extends gains
Tuesday 08 May 2012
Increasingly nervous sentiment helped the dollar extend gains on Tuesday as Greece struggles to form a new government.
Wednesday newspaper round-up: Glencore, City, BSkyB
Tuesday 08 May 2012
More than £25bn was wiped off the value of Britain's biggest companies on Tuesday as traders dumped risky assets and fled to safety as fears grew that Greece will leave the euro and trigger a fresh crisis. The FTSE 100 slid 1.8 per cent to close at its lowest level this year, falling 100 points to 5,554, following the Greek electorate's rejection of the austerity measures that are a condition of
FSA big wheel gets on his bike
Tuesday 08 May 2012
City regulator the Financial Services Authority (FSA) continues to haemorrhage high ranking staff, with Peter Smith, the watchdog's head of investment policy, the latest to get on his bike.
Sainsbury's profits in line
Tuesday 08 May 2012
Underlying profit before tax from supermarket titan Sainsbury came in bang in line with expectations, while the full year dividend is a little more generous than anticipated.
London midday: Miners pull Footsie lower, Eurozone in focus
Tuesday 08 May 2012
- European elections cast a shadow over the market - Miners track metals prices lower - Aviva, Tullow on the rise
Thomas Cook surges on refinancing
Tuesday 08 May 2012
Fears over the future of Thomas Cook have been allayed by a new financing package which the cash-strapped package tour firm has agreed with its lenders.
Glencore sees strong US, Chinese demand
Tuesday 08 May 2012
Commodities producer and marketer Glencore International says that all of its major growth projects remained on schedule and within budget in the first quarter of 2012.
Broker tips: Tullow, Sage, Morgan Crucible
Tuesday 08 May 2012
Credit Suisse has raised its target price for Tullow Oil after the company revealed this morning that it has found more oil at one of its exploration wells in Kenya.
ENRC denies decision over international spin off
Tuesday 08 May 2012
Under pressure FTSE 100 mining company, Eurasian Natural Resources (ENRC) says it has not made any decision on a possible spin off of its operations outside Kazakhstan.
FX round-up: Euro stumbles after elections
Tuesday 08 May 2012
The euro fell to its lowest level against the dollar since January as voters in France and Greece showed their support for anti austerity candidates.
Moss falls on his sword at Aviva
Tuesday 08 May 2012
Andrew Moss, the Chief Executive Officer of insurance giant Aviva, has taken the hint from disgruntled shareholders, and has quit the post with immediate effect.
Commodities: Crude settles at three month low
Tuesday 08 May 2012
Crude oil futures closed at a three month low on Monday amid nerves about Europe's commitment to austerity measures following election results in France and Greece.
Tullow discovers more oil in first Kenyan well
Tuesday 08 May 2012
Tullow Oil has discovered further oil in the first exploration well at one of its Kenyan projects, increasing its potential 'significantly', the group said on Tuesday.
IAG reports small rise in passenger numbers
Friday 04 May 2012
International Airlines Group (IAG), which on Thursday announced the upcoming grounding of airline BMI Baby, posted a small year-on-year increase in passenger numbers in April.
Sunday newspaper round-up: Hollande, BT, Facebook
Friday 04 May 2012
John Lewis Partnership, the employee-owned retailer behind John Lewis and Waitrose, is exploring opening shops in China, a move which would mark its first foray outside the UK. Charlie Mayfield, chairman of the partnership, recently visited the country on a mission focused on sourcing products, visiting rival retailers and spending time with potential customers. Although no firm decision has been
US mid-morning: Payrolls data pressures stocks early on
Friday 04 May 2012
US stocks tanked in early trading on Friday after some worse-than-expected labour market data failed to live up to expectations.
Tuesday newspaper round-up: Euro, Tullow, Google
Friday 04 May 2012
Post-election chaos in Greece provoked new fears last night that the debt-ravaged nation would not keep its commitments to Europe and may be forced out of the euro. A day after Greeks voted overwhelmingly against further austerity, the Athens stock-market plunged, and Citibank said that there was now a 75% probability of Greece leaving the Eurozone in 12 to 18 months. The biggest party to emerge
Broker snap: BG to trade sideways, says Credit Suisse
Friday 04 May 2012
Oil and gas giant BG Group was Credit Suisse's 'Focus List Stock' on Friday, which it gave an outperform rating and 1,730p target price.
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