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  • Glaxo sells international non-core OTC brands to Aspen

    Friday 20 Apr 2012

    GlaxoSmithKline’s shareholders are set for another return of capital this year following the divestment of more non-core over-the-counter (OTC) brands in its international markets to Aspen Pharmacare Holdings.

  • London midday: Economic data drives financials higher

    Friday 20 Apr 2012

    - German Ifo beat expectations - UK retail sales rise strongly in March - Man Group rebounds, IMI higher after update

  • Broker tips: ARM, M and S, William Hill

    Friday 20 Apr 2012

    Jefferies has raised its target price for ARM Holdings from 466p to 485p but has maintained its underperform rating on the chip designer ahead of its first quarter results due next week.

  • IMF-European firewall is enough to protect Spain and Italy, says ECB's Knot

    Friday 20 Apr 2012

    Dutch central bank governor and European Central Bank (ECB) member Klaas Knot is confident that the International Monetary Fund (IMF) can obtain 400-500bn dollars in extra funds and that this money combined with European rescue fund would be enough to safeguard both Spain and Italy.

  • London open: Stocks rise after Germany Ifo data

    Friday 20 Apr 2012

    - German Ifo index better than expected - IMI rises strongly after first-quarter update - SuperGroup plummets after profit warning

  • IMI makes solid start to 2012 despite FX headwinds

    Friday 20 Apr 2012

    Engineering group IMI has made a strong start to 2012 with growth in its Severe Service and Merchandising divisions offsetting a more subdued performance in its other units.

  • SEGRO sells first of six non-core assets

    Friday 20 Apr 2012

    Industrial property owner SEGRO is planning to sell IQ Farnborough, a mixed-use business park and the first of its six large non-strategic assets to have been sold since being highlighted as non-core at the end of last year.

  • Supergroup gets its sums wrong, warns on profits

    Friday 20 Apr 2012

    Trendy clothing group Supergroup has been growing so fast it has not been able to accurately predict the amount of money it expects to make, resulting in the group issuing a severe profits warning.

  • London pre-open: FTSE set for flat start

    Friday 20 Apr 2012

    City sources predict the FTSE 100 will open down one point from yesterday's close of 5,745 as investors balance yesterday's poor US jobs data with the strong sale of Spanish bonds.

  • Record order intake for Rotork

    Friday 20 Apr 2012

    Orders are flowing in at valve engineering group Rotork, which has had a record quarter for order intake, as the group continued the strong performance seen at the end of 2011.

  • William Hill fast out of the traps

    Friday 20 Apr 2012

    Bookmaker William Hill had a strong first quarter, driven by growth in online betting, with a gross win margin above the expected range.

  • Commodities: Jobless claims dent sentiment, crude takes the hit

    Thursday 19 Apr 2012

    Crude oil futures fell on Thursday as investor worries grew on the back of higher-than-expected jobless claims in the US.

  • Friday newspaper round-up: Barclays, Aviva, Manufacturers

    Thursday 19 Apr 2012

    The determination to find new blockbuster drugs has encouraged GlaxoSmithKline to bid $2.6 billion for a company that it admits has uncertain prospects. GSK has offered to buy its long-term partner Human Genome Sciences for $13 a share, an 81 per cent premium to the previous day’s price. The companies have created drugs together since Human Genome was founded 20 years ago. GSK wants to reduce

  • FTSE 250 movers: CWW plunges on Tata Comms decision

    Thursday 19 Apr 2012

    Shares in Cable & Wireless Worldwide (CWW) plunged following the revelation that Tata Communications has decided not to bid for the firm.

  • Barclays CEO ties bonus to future targets

    Thursday 19 Apr 2012

    In an effort to stave off further banker-bashing from politicians and the press, Barclays’s Chief Executive Bob Diamond and Finance Director Chris Lucas are to link half of their 2011 bonuses to the bank’s future returns performance.

  • FX round-up: Yen hit by Bank of Japan speculation

    Thursday 19 Apr 2012

    The Japanese yen fell against both the euro and the greenback on the back of expectations that the Bank of Japan will take steps to expand its monetary policy.

  • William Hill fast out of the traps

    Thursday 19 Apr 2012

    Bookmaker William Hill had a strong first quarter, driven by growth in online betting, with a gross win margin above the expected range.

  • Friday tips round-up: Hargreaves, WH Smith, Ladbrokes

    Thursday 19 Apr 2012

    The Tempus column in the Times has taken a look at stockbroker and investment manager Hargreaves Lansdown, saying that thanks to the success of its Vantage funds 'supermarket' platform, "it has been going like the proverbial train."

  • London midday: Stocks gain on strong demand for Spanish debt

    Thursday 19 Apr 2012

    - Spanish auction well received despite rising yields - US futures up in wake of earnings results - Hargreaves leads Footsie higher, CWW plummets on FTSE 250

  • Yields up at Spanish auction

    Thursday 19 Apr 2012

    The Spanish Treasury has this morning issued 2.54bn euros in two- and 10-year bonds, slightly above the top end of the 1.5-2.5bn euro target.

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