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  • Spain ready to respond to Argentina's YPF nationalisation

    Tuesday 17 Apr 2012

    After Argentinian President Cristina Fernández de Kirchner unilaterally seized control of YPF, the country’s oil company that is majority owned by the Spanish company Repsol, the Spanish government is taking steps to protect its interests.

  • Tuesday tips round-up: Evraz, Aveva, APR Energy

    Tuesday 17 Apr 2012

    In the Times, Tempus takes a peek at the fount of at least some of Roman Abramovich’s wealth, the steel firm Evraz in which he holds a 30 per cent stake.

  • Afren makes 'potentially transformational' oil discovery

    Tuesday 17 Apr 2012

    Afren thinks it might have struck it big in the Kurdistan region of Iraq with its Simrit-2 exploration well.

  • Marks and Spencer sees LFL sales tumble

    Tuesday 17 Apr 2012

    The tills are still ringing like billy-o in the food halls of retail bellwether Marks and Spencer but the group confessed that trading in other parts of the store was more mixed in the first first three months of 2011.

  • Rio Tinto production hit by bad weather

    Tuesday 17 Apr 2012

    Mining giant Rio Tinto said production of copper and iron ore fell in the first quarter of 2012 compared with the final three months of last year.

  • ENRC takes full control of Shubarkol

    Tuesday 17 Apr 2012

    Diversified mining giant Eurasian Natural Resources Corp (ENRC) has completed the acquisition of thermal coal group Shubarkol Komir JSC, which is expected to enhance the company's position as a leading coal producer in Kazakhstan.

  • London pre-open: FTSE set for flat start

    Tuesday 17 Apr 2012

    City sources predict the FTSE 100 will open flat, at the same level as yesterday's close of 5,666, as investors await fresh direction from the market.

  • Monday broker round-up - UPDATE

    Monday 16 Apr 2012

    AMEC, AVEVA, Barclays, BHP Billiton, DMGT, Dixons, Drago Oil, International Power, Mondi, National Grid, Rio Tinto, SABMiller, United Utilities

  • Europe close: Markets climb but Spain debt fears grow

    Monday 16 Apr 2012

    -Markets up on strong US retail sales -Spanish debt fears persist -GDF Suez pays 6.4bn for International Power stake

  • Tuesday newspaper round-up: Spain, China, PIMCO

    Monday 16 Apr 2012

    Madrid is plotting to strip Spain's regions of their powers in a radical bid to convince global investors that the nation can control its finances. Officials said Madrid was ready to intervene if the regions continued to bust their budgets and hamper the central government's austerity drive. Spain's borrowing costs rose to 6.08%, plunging deeper into the territory considered unsustainably

  • FTSE 250 movers: Cairn Energy leaps on oil find

    Monday 16 Apr 2012

    Oil and gas group Cairn Energy was a high riser after saying that Agora Oil and Gas, a firm it is set to buy, has struck oil at its Skarfjell Prospect in the Norwegian North Sea.

  • Graduate starting salaries to hit lowest point in a decade

    Monday 16 Apr 2012

    Graduate starting salaries are expected to fall to their lowest level since 2003 as a result of employers choosing to freeze pay.

  • US pre-open: Stocks called to open marginally higher

    Monday 16 Apr 2012

    The main US equity benchmarks are now pointing to opening gains of 0.2% on average. That following the release of what at first glance looks to be generally better than expected economic data out ‘before the bell’ and after stronger than forecast quarterly results from US financial giant Citigroup.

  • Broker snap: Investec expects smooth takeover of Int'l Power

    Monday 16 Apr 2012

    GDF SUEZ's new bid for the remaining stake in utilities giant International Power (raised from 390p to 418p per share) is now close to Investec's expectations and the broker expects the offer to 'progress smoothly to its conclusions'.

  • London open: Footsie rises despite banking weakness

    Monday 16 Apr 2012

    - Spanish 10-year bond yield above six per cent - Banks under pressure, Moody's delays ratings decision - Int'l Power rises strongly after GDF SUEZ bid

  • Strong finish for AVEVA

    Monday 16 Apr 2012

    Engineering data and design information technology systems provider AVEVA put in a strong finish to the financial year just ended, driven by strong demand from the oil and gas industry.

  • Commodities: Crude ends higher after choppy session

    Monday 16 Apr 2012

    Crude oil futures settled a touch higher, after volatile trading on Monday, as investors mulled the prospect of easing tensions with Iran over its nuclear ambitions.

  • Tablets are working for UK retailers' online sites

    Monday 16 Apr 2012

    The explosive growth in hand-held computing devices is proving to be good news for UK online retailers looking to sell overseas, according to a survey commissioned by the British Retail Consortium (BRC).

  • Monday newspaper round-up: IMF, BHP Billiton,William Hill

    Friday 13 Apr 2012

    Britain is close to agreeing a new £10bn commitment to the International Monetary Fund as the Bretton Woods institution seeks to double its war-chest at its spring meeting this week. George Osborne is expected to support the IMF's calls for greater resources in back-room negotiations, but will only pledge the extra funds if agreement can be struck with all the major non-Eurozone nations, bar the

  • Repsol still unsure over Argentine plans for YPF

    Friday 13 Apr 2012

    Spanish oil group Repsol announced this morning that it has not yet received any official notice from the Argentinian government concerning its plans for subsidiary YPF.

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