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  • London open: Financials lead comeback following steep losses

    Tuesday 24 Apr 2012

    - Footsie rebounds after Monday's steep losses - Shell makes 220p-a-share offer for Cove - Capita drops after proposing placing

  • Capita to raise fresh equity for bolt-ons, debt reduction

    Tuesday 24 Apr 2012

    Business process outsourcing and professional services group Capita is proposing to place 40m new ordinary shares to raise additional capital to make further bolt-on acquisitions and pay down debt.

  • AB Foods on the money

    Monday 23 Apr 2012

    Interim profits from Primark owner and foods group Associated British Foods came in bang in line with market expectations, with the sugar businesses sweetening the performance considerably.

  • FX round-up: Dismal US data weakens dollar

    Monday 23 Apr 2012

    The dollar fell against major rivals on Tuesday as markets mulled disappointing US home and consumer confidence reports while many buyers sat at the sidelines as the Federal Reserve meeting got underway.

  • Shell makes 220p-a-share offer for Cove

    Monday 23 Apr 2012

    Shell Exploration and Production (Shell Bidco) has reached an agreement with AIM-listed oil and gas group Cove Energy on the terms of a recommended cash offer of 220p per Cove share, up from the proposed offer of 195p per share back in February.

  • Thomson Reuters to sell Healthcare division

    Monday 23 Apr 2012

    Publishing giant Thomson Reuters is to sell its Healthcare business to an affiliate of private equity group Veritas Capital.

  • FX round-up: Dollar shines amid political drama in Europe

    Monday 23 Apr 2012

    The dollar rose against major rivals on Monday as Europe's debt crisis was eclipsed by political events in Europe.

  • Nestle to buy Pfizer baby food business

    Monday 23 Apr 2012

    Swiss food company Nestle has agreed to buy Pfizer's baby food unit for 11.85bn dollars.

  • Tuesday newspaper round-up: BoE, Lending, Argentina

    Monday 23 Apr 2012

    Standard & Poor's has put a "negative watch" on Argentina's credit rating, citing "rising restrictions to international trade" and "steps to nationalise oil company YPF" as reasons for the move. Despite affirming its "B" credit rating, S&P added that the South American country's recent actions "could exacerbate existing weaknesses in the economy", pointing to high inflation and increasingly rigid

  • US open: Stocks begin the day sharply lower

    Monday 23 Apr 2012

    The major US equity benchmarks have begun both the session and the week with steep losses, of over 1% on average.

  • London midday: Weak macro data prompts sell-off

    Monday 23 Apr 2012

    - Chinese, Eurozone PMIs show contraction - Eyes on political situation in France, Netherlands - Miners provide a drag on Footsie

  • Eurozone PMIs raise recessionary risks

    Monday 23 Apr 2012

    The Eurozone's preliminary purchasing managers' indices (PMIs) for April show that the European economy remains in a recessionary environment with both the manufacturing and services sectors remaining below the 50-point threshold that separates expanding and contracting activity.

  • Broker tips: Barclays, Heritage Oil, Gulf Keystone

    Monday 23 Apr 2012

    Nomura has retained its neutral stance and 268p target price for UK lender Barclays ahead of its first-quarter statement due on Thursday April 26th.

  • FTSE 100 movers: Miners and insurers sold off

    Monday 23 Apr 2012

    Miners are taking a hammering after the HSBC preliminary flash purchasing managers' index (PMI) rose from 48.3 to 49.1 in April but still remained under the crucial 50-point level, which shows that the industry is still contracting.

  • AstraZeneca buys US biotech firm Ardea Biosciences

    Monday 23 Apr 2012

    Pharmaceuticals giant AstraZeneca has announced that it has agreed to acquired California-based biotechnology company Ardea Biosciences, whose lead product 'Lesinurad' (RDEA594) is currently in Phase III development as a potential treatment for the chronic management of hyperuricaemia in patients with gout.

  • FX round-up: Risk appetite lifts euro

    Friday 20 Apr 2012

    The euro enjoyed strong gains against the dollar on Friday as investors cheered upbeat German business confidence data and solid US earning reports from General Electric and Microsoft Corp.

  • Monday newspaper round-up: Holland, BoE, IMF

    Friday 20 Apr 2012

    The Dutch prime minister will on Monday launch a bid to salvage his austerity budget amid political chaos that could cost the country its AAA credit rating and plunge Europe’s debt rescue plans into disarray. Mark Rutte, who is a key ally of Germany and the Eurozone’s “hardliners” on financial discipline, has called an emergency cabinet meeting after budget talks collapsed at the weekend. He is

  • SABMiller Chairman quits, boardroom reshuffle begins

    Friday 20 Apr 2012

    Brewing giant SABMiller has announced a raft of senior management changes as its Chairman, Meyer Kahn, retires after 46 years with the firm.

  • Recapitalisation plan delayed as Greek banks prepare for massive losses

    Friday 20 Apr 2012

    Greek banks are preparing to report massive losses for 2011 that will reveal the true damage from the bond write-downs and bad loan provisions during the country’s recession, even as the Hellenic Republic may decide to delay plans for recapitalisation.

  • Vodafone launches agreed bid for CWW

    Friday 20 Apr 2012

    Mobile phone networks operator Vodafone has launched an agreed bid for telecoms firm Cables and Wireless Worldwide (CWW).

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