Editor's Picks
FTSE 250 movers: Afren in pole position
Tuesday 17 Apr 2012
Afren rose into the top spot after announcing that it thinks it might have struck it big in the Kurdistan region of Iraq with its Simrit-2 exploration well.
Commodities: Crude rallies 1.2%
Tuesday 17 Apr 2012
Crude oil futures rose to a two week high in New York as Spain sold €3.18bn of bills and as the IMF raised its outlook for 2012 and 2013.
Tesco facing up to a few home truths
Tuesday 17 Apr 2012
Results from slumbering supermarket giant Tesco are due out on Wednesday and no matter how much the company bangs on about it being a global retailer - the third largest in the world by revenues - it is the performance of the UK stores that will be under a harsh spotlight.
Acclaimed economist slams insane austerity measures
Tuesday 17 Apr 2012
Nobel Prize winning economist Paul Krugman feels his hopes for Europe have been dashed and now expects nothing less than economic suicide due to fiscal austerity that he considers to be simply 'insane'.
Wednesday newspaper round-up: Euro, BoE, Pensions
Tuesday 17 Apr 2012
Britain faces another £50bn of spending cuts and tax rises to cover the costs of age-related care and put the national debt under control, the International Monetary Fund has warned. A "second generation" of UK austerity measures, which the IMF suggested should be completed before 2030, would outstrip programmes in both Greece and Portugal. Only the US, Japan and Ireland are facing a larger
Feeding the dragon
Tuesday 17 Apr 2012
The Year of the Water Dragon, whilst normally providing good joss for those followers of Chinese astrology, is also proving to be a challenging one on various fronts. Not only is there the change of leadership to be managed, much of which of course will be carried below the surface of the water (useful for a water dragon), but also there is a fundamental change in the economic environment. With
Broker snap: UBS upgrades Hikma after recent falls
Tuesday 17 Apr 2012
UBS has upgraded its rating for pharmaceuticals group Hikma from neutral to buy, leaving its 755p target price unchanged, following the sell-off since the firm's full-year results last month.
FX round-up: Positive momentum for the dollar
Tuesday 17 Apr 2012
The dollar made progress against most major currencies on Tuesday as markets mulled Spain’s successful auction of government debt.
US pre-open: Stocks expected to open higher
Tuesday 17 Apr 2012
The main US equity benchmarks are being called to open higher by 0.8% on average. That following some ‘mixed’ economic indicators released ‘before the bell’ and a raft of generally better than expected corporate results.
Minimum wage 'lower than 2004 in real terms'
Tuesday 17 Apr 2012
An increase in the national minimum wage this year will still leave it effectively lower than it was in 2004 because of the impact of inflation, according to a new report.
Minimum wage 'lower than 2004 in real terms'
Tuesday 17 Apr 2012
An increase in the national minimum wage this year will still leave it effectively lower than it was in 2004 because of the impact of inflation, according to a new report.
Vodafone takes aim at Indian government
Tuesday 17 Apr 2012
Mobile phone networks giant Vodafone has cranked up its dispute with the Indian government by serving notice that it is prepared to go to international arbitration over India's plans to introduce a retrospective tax law which will hit the UK-based company hard.
Marks and Spencer gets it wrong in the stock room
Tuesday 17 Apr 2012
Inventory problems at Marks and Spencer have hit sales in general merchandise (like clothing and homeware) but the tills are still ringing in the company’s food halls.
Broker snap: M and S's figures disappoint, says Investec
Tuesday 17 Apr 2012
Despite a better picture on the cost front, on the whole Marks and Spencer's fourth quarter trading figures are weak, according to Investec which has put its hold recommendation and target price for the stock under review.
UK inflation back on the rise in March
Tuesday 17 Apr 2012
Inflation broke its downward trend in March, rising slightly on the month before, according to new figures from Office for National Statistics (ONS).
Strong demand for Spanish treasury bills
Tuesday 17 Apr 2012
The results of the Spanish Treasury debt auction held on Tuesday are in and it looks like investors can come out from their shelter behind the sofa, with demand stronger than expected, albeit at sharply higher yields.
Broker snap: Merchant downgrades Burberry but stays positive
Tuesday 17 Apr 2012
Merchant Securities has cut its rating for luxury brand Burberry from buy to hold on valuation grounds, but has maintained its positive stance on the group.
London open: Stocks rise ahead of Spanish auction
Tuesday 17 Apr 2012
- Burberry, M and S tumble after trading updates - Banks in demand after yesterday's fall - Eyes on Spanish bond auction
Marks and Spencer gets its wrong in the stock room
Tuesday 17 Apr 2012
Inventory problems at Marks and Spencer have hit sales in general merchandise (like clothing and homeware) but the tills are still ringing in the company’s food halls.
Underlying sales growth slows at Burberry
Tuesday 17 Apr 2012
Underlying revenue growth at luxury brand Burberry eased in the fourth quarter owing to a slowdown in growth at its Wholesale division.
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